Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-12-31
GREAT YEAR AHEAD
FOR ENTIRE SOUTH,
BUSINESS MEN SAY
Richmond Financiers See
i'll 1923 Prosperity
for All.
FORECAST STABILITY
IN EVERY TRADE LINE
McAdams, Former President
American Bankers Asso.
citation, Optimistic.
MERCHANTS LOOK FOR BOOM.
Conditions Here Most Encouraging,
Schwnrzschild Dccinrrs-IIotcIs
Expect big Husinesn.
FORECAST STABILITY
IN EVERY TRADE LINE
MERCHANTS LOOK FOR nooM.
Conditions Here Most Encouraging
Schwnrzschild Dcclnrrs-IIOtcIs
Expect big liusinexn.


and other products OF the soil bring
ing good prices: the possibility Of
easy money. which VIII insure Gnan-
ctal and business stability. Il cam
paign Of building, which Is givin.,
employment to all classes OF me
chanics. and others who desire WORK.
Is certain to put richmond and tn.
entire south ia AN easy condition
mat assures unusual prosperity for
the New Year that hcgins tomorrow
This prosperity VIII come to Rich.
H"nd. h.c:ius. this city enjoy. Tn.
traa- from tho territory that is AZ.
icc;:d hy the biz; prices t.r cotton.
tobacco and other crops. aud bccau..
there is NOR. building gong ON here
now than has been known tor many
years.
business Men Optimistic.
Leading bankers. merchants and
men IN AL lines Of business. large and
small. are optimistic over III. pros.
poets FOR the year OF 1924 This feel.
inS Is due. they say. u Tn. notice.
ahi" Improvement in financial condi-
ions and In all other activities dur
ING IN" past :"w months, and Will.
IN" foreign situation presents a pos
sibiiity oi upscttins expectations
thai should not be- too seriously con-
L.
There is one thiaS. however. THAI
All agree t. certain. I'rccs In every
ine VIII b. high. Tho cost Of coal
the hish wages paid labor. both Skin
ed aud unskiilod. and the cost OF raw
material Is responsible for that. q
Ia claimed.
Bankers and merchants who hav.
been interviewed by The Ti,nes-D!s.
patch declare that, despite IN. nm
settled conditions in Richmond and
throughout the United Stat. because
OF the strikes. business has been bet
ter since Seplember than II was DUR
Ing the same period OF 1921, and thai
there is no reason to believe that
anything VIII happen 10 prevent an
Increased Improvement
Chr Shortage R-ctIncd.
hhiIroad heads also are lookint,
Tor "a more prosperous year than thr
one closing to-day. Car shortage fur
hauling coal. when has existed for
several months. hag been rccttfod
officials say. and the tru.sportation
OF the fuel viii not he retarded 10
any extent in the future Eauiu-
ncnt that was necessarily out OF
commission because OF The strikes
or last summer has been put In re
pair. ana rolling stock for us.. in
hauling passengers and freight is
about as adequate for all emergen-
cies, II Is said
Hotel men are also looking for
the biggest twelve months since IN.
close OF the World War improve
hcnt In business conditions. Ecncr-
ANY, would tend to make the hotels
buster. IL il pointed out, but many
conventions have already been book
cd for Richmond In 1929. auI for
that reason thousands Of visitors will
have to be provided for.
III the business at tho Richmond
post-oifcc increases In 1923 in pro-
portion to the increase this wear n
will pass all previous marks. Re
ccipts for the twelve months ending
today show gain over the proceed
ing year OF s,35 per cent
The following figures were an
n2unced yesterday by Postmaster
SteS,art:
RECEIPTS for the fiscal wear ord
ing .,inc go. 1891. s1.455, $500. y
Receipts for the fiscal year. end3i
ing June 80, 1929. sl,57Osts.4I.
receipts for half fiscal year end
ing December 81. 1922. ss5o.0O0 un-
Guiding todayD 80"
McAdnms Looks for Big Year.
Thomas y. McAdams, for mer prcs-
ident of the American Bankers. Asso. |
cation. and member of the firm OF
scott d String fellow. bankers and |
brokers' of Richmond. Is one Of tho |
leading bankers OF this city, who Ia |
looking forward to a prosperous |
1923.
I'VE should have normal nrosperitv
next year." said Mr.. McAdams yester- |
day. There Is plenty of@employment |
Tor those who want to work and nusl- |
ness men should all enjoy it il they |
develop what Is before them conser-
Vatfvely and avoid speculation in
goods and commodities.
the crops In the South have been
unusually good this year and cotton
and tobacco have brought good prices /
That has made the farmer prospcr-
Gus. The possibility of easy money
insures Nh pcial and business stabil-
ity. proyided our foreign policies arc
developed In a way to bring about |,
solution Of the situation abroad
and the coal situation, which enters
into every facility Is solved on a
basis IN which pubIic2in terest is Civ
en- confederation" 49, -
General Outlook EncouraEIng.
w. II. fSchwarzchild, president OF
tho Retail Merchanta' Association,
president of tho Central National
Bank and president Of SchwarzschIId
Brothers. jewelers.. also takes an op-
tismiStic view Of tho situation in
1923. Mr. sSchwarzschiId said:
The general outlook for tho year
1873 Is very encouraging. The aver
age business In 1929 should be better
than for 1922, provided there are No
hntavorable Developments In Europe.
and that the, rise OF prices In other
tContinusd on Page 2. Column 81
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