Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1921-11-27
SAVINGS ACCOUNTS GROW,
DESPITE UNEMPLOYMENT
Managers of Telephone Sys.
TENS Throughout State
Make Monthly Reports.
TOBACCO BRINGS GOOD PRICES
ohehtiy 1ncrcnSed Demand for I'm
nkiilrd Labor and Greater Demand
ior skilled Lnhor, Indicates General
Improvement In Trader situation.

reports made by the managers Of
the Chesapeake and Potomac Tcle-
phone Company In Virginia to G. IL.
Weber. division manager. with head
Iuartcw in Richmond, indicate a
slow but gradual Improvement in
business conditions in the State. Tho
coming Of cooler weather has stirnu-
lated the purchase of winter mar-
ohandlsc to some extent and stocks
On hand are from 20 to so per cent
normal
The general trade situation Is Nopti-
hi3ticaily viewed by the men re-
porting. The car supply has been
sufficient to care for the prompt
movement OF all freight offered.
which. however, continues light.
There has been no appreciable
change in the banking situation
which continues good. Savings ac-
counts are being maintained at abou
the usual level. In spite Of uncmpioy
m"nt- Improvement is noticeahl. in
IN" curtnilmcn: OF notes and loans.
The general credit situation is i'm
;roved.
a summary OF tho reports. cover
Ing the various localities. trades and
Industries. follows:
Manufacturing. Mining. Lumber.
manufacturers generally report
business is slightly better. Some
establishments arc slowly taxing on
additions! employees. Thar, is n,
resumption OF activity yet on n large
scale
Cotton mills IA Danvlllc arc work
Ing night shifts. and all manufactur
ins establishments there are reported
working run time.
An Improvement In the lumber
business is noted throughout tho
state in all districts. The outlook
In this line is encouraging. with Il
:hirly active demand.
Mining conditions have not
changed during the past month.
Agriculture and Live stock.
Unusually large scales are being
made on the tobacco market. and high
prices are being paid. Shipments N
grain and live stock through The port
Of Norfolk continue ligh:. The dry
season has affected the quality and
quantity OF crops. The prices OF
wheat and corn are high. Tobacco or
the Dnnv!ilc market is now selling
at higher figure than when lite
market opened
The tobacco crop will be smaller.
compared with former years. bu,
better than was expected when the
. tobacco was cut. The yield per acre
Is the lowest since 1889 and the crop
the smallest since 1907.
Late rains improved the peanut
crop. and IL Is estimated that il VIII
hc 81 per cent OF last years crop.
The onancock district reports the
potato crop larger than Anticipated.
hut the prices distinct disappoint-
mcnt, not being more than half of
what was expected.
The season has just opened for rhe
oyster industry in the Onancock dis
trict. Indications point 10 prof.
table business.
New building.
Building construction is holding up
well. Materials are available at rea-
s0nablc prices. The housing sltua
ton has ceased to be problem.
Greater activity In residential build
ing IS reported throughout the yIr-
ginia division.
Construction OF business buildings
Ia practically at n standstill. except
i'll Roanoke. Very unusual activity has
developed at that point within the
last month. and II is thought that 1t
will continue until stopped by severe
weather. There have been few
business buildings started recently,
Activity in residence building is very
marked there.
Labor.
There is n slightly increased de-
inand for nnskilled labor. but a
greater demand for skilled workmen,