Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1921-08-02
FAILURES FEWER IN JUNE
. THAN ANY OTHER MONTH
Liabilities Involved in Fifth Federal
District Lowest of the
Year.
BANK CLEARlNGs DECREASE
Fifth Federal Reserve Banks Re-
view Says There l. II Slight Inn
provcmcnt in Labor Conditions.
building Permits Increase.

Although June is usually listed as
a DUH business month. ana proved
no exception this year. tho Federal
Reserve Bank OF Richmond. in a
statement issued yesterday. quotes
buns Review as saying that there
were fewer failures reported IN the
Fifth District. of which Richmond is
a part. and the liabilities involved
were lower, than in any other month
OF the year Ie@i In the Richmond
district ciEhty-two failures were re-
ported during the month. the tota.
liabilities being sl.iS7,512. In juno.
1920, thirty-sevcn failures We're re-
corded. with Liabilities of s3li.l56
Cicarinrs show Decrease.
The table showing luonthlN clear
ines in this district. and dealing VIII
June, shows the largest percentage
decrease for any month this year. IT
being 29.7. As compared with 253 in
January: 1914 In February: % in
March; 90 in April; COS IN May. In
Richmond the cloarirEs for Jane were
sl56,97S,oSS a compared with $250,-
.290 in June. 1929. decrease of
se3,75'2o9. The June clearinEs for
the district toialcd S69S.i90.ii; as
q
decrease being S26i, S9O.3ii
Considering general conditions re-
tail stores In this city and district
report satisfactory collections
slight Improvement in the labor sit
uation. especially I'm tn" ou.lt.-s
trades, is noted. Employment for
unskili"d white labor. constituting
the bulk OF the unemployed. il tho
chief difficulty NJ present.
The estimated cotton production
this year gives Virginia. North and
South Carolina l.4lG.OGo bales as
against 2,3S9,0Oo in June. 1920. ami
the total production of cotton in tho
country is S,i33UoO this year as CON-
pared with l2.9S1.0cO ia 1920. this
years production being the west
since lS?j ana the acreage planted
the smallest since 1900.
Tobacco Acreage Drop>
The outlook Tor tobacco is some
what similar TO that for cotton a de
cid"d decrease IN both acreage and
probable production being reported.
me south Carolina reduction was
less than that OF North Carolina or.
Virginia Tn" Virginia ;crearc ,his
year is 10000 as compared with
$4,000 acres last year.
The cst.mat" for Nirgiuia's ample
crop this year is way under las,
years, production. This year il is
expected that there Will h. a95.0Ou
barrels while last years production
was 2.t36ooo Eros, damaged the
iruit 10 "A considerable extent, viz
Ginia's peach crop is also 4hor, mis-
year the estimated yield bcjn. ~,
600 bushels, as compared win L.
f'o.Coc bushels in 1920. Again, fros,
is blamed
The Fifth pistrlc, is estimated to
!Ieid th.' year about iS".oGi.oOO
bushels Of corn as compared with a
yield of 2O2.S50,O0O last year. tn.
wheat yield this yea. is expected 10
about 29,9i2.O0O as compared win
5d,s1l,0cO last year: oats viii yicla
ih!s year about 25.i7l 600 bushels as
compared with 25.G2G.000 last year.
and hay is expected to bring about
$4,000 tons this year "a against
i'5lopo tons last year.
Huiiding Permits Increase.
HUild'ng permits for now construc-
ION In Richmond during juno ,o;all.d
la7 as against nifty four in June. iy2n.
aud THIS years construction calls for
an cNperdltur" Of S7i2.S2i. as com
laTed with S5ll.01G last Year The
permits Tor repairs in Jun" of this
year We're lVI as against lU@ last
year hut the expenditure involved
THIS year MAS only Sii7.GG5 as com.
pared with SlsS-t.S lass.ycar. In Nor
io!k There wc:T esflr ntty permits 70,
new construction thls year. as COM
pared with ,hrty-onc In June OF last
year th.s years permits calling Tor
an expenditure OF SijS.G5u as com.
pared with only Si89,76O last year.
itp"noHe COMES lex; with 100 permits
ihl" year calling for an Expenditure
st.