Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-12-31
Hy George r.. Roi,cr,,.

The past has witnessed very sub
s'a"tia! recovery from the depression
which affected all lines OF bushes,
IN 1871. tn" prices of farm produce
hcSan TO advance in the carl, part
OF January and maintained their up-
ward swing until June. when. with
one Of The largest crops ever grown
IN prospect. prices began to give way
me uncrr'aint? attaching 10 the abii :
Ky oi Europe 10 take its customary
requirement was II leading factor In
INC decline. In thc latter part Of
oc'oh"r grain prices advanced in
Europe ana the markets o! this coun-
,ry followed
Sine" March, tho Industries hav.
ne"n gaining in activity. and sine.
the end of tn. steel and railway
s'fl."S unemployment has practical
~ disappeared. The trend Of wages
IN the latter par, OF tho year has
been upward.
Outlook Favorable.
The outlook for the coming y.ar
Is favorable with certain rrserya-
tons which arc serious enough 20 be
carefully considered before allowing
one self t" be carried away by on
hmism Tho prospect 70 rthe indus.
trita e; present l. good Stocks ar.
iow IN all lines OF goods. making
1t necessary for merchants 10 buy In
order - take care OF current con.
sumption Work 81 arrears. one O.;
hs principal factors in the revival
OF radc In 1872 has been the great
rouse DuHdinS Campaign going on all
IN" country. Scarcely another
ihnuttr: distributes money go WISELY
az ousc-huild!rg. II reaches into nj
thr building material industries ana
'he mouse furnishing industries a..
wei. Apparently this activity will
continu" through 1929. Htrhw,y
% i!cinE also has been an Important
.iG'"r IN employment in 1929, ana
H.'" WI! continue. The construction
.. r"!iFpad equipment has been an.
"'m"r Hnp"Etart factor and this Will
continue" In all OF thcae limos hc 4.
- "e are making good dencicn-
:, when accrued in wartime AMI
,"'y furnish the nuciru. for :, roni
avs rec .! Industrial! activity ,so7
Trend or Prices Upward
1hs fcnd of prices in recon-,
'''"'"" mas teen upward. ana there
- reason 10 believe that tho al.
.'"ceH VIII Z" farther. Employment,
Is no" fun, and the legal l.mi,n,
'.'" upon ImmiGration H. such IN,
norma! increase Of tho supply OF
'''"Mon labor. measured hv our nh.
- - past. cannot nan
'"t ~ boz Organizations are cui..k
- take ad.anIar. Of a ,,,u.-,n,, -,
when ih"y seem 20 have tho nnr,r
'i"nu' ana thcr. are signs of . ,.r
''". II. 'E.:nen;. Tn. tcStu, wnrk
eFa IN New England are said In no
planning for an effort 10 restore
wages 10 tn" hish poin; of 1870 ~.
s''"'" Sh"!t crop OF raw cotton and
~ S"aY OF the boil wecv:l are in
4'"'!Ne OF prices for raw cotton
""'"t twice as high as have ruled
III ,"e past The situation in raw
100! o; The higher grades threatens
higher prices over tn. world $50
Iht ne "thriT makes certain that
hey VIII ." higher in TINS country
'Han anywhere else All OF these
conditions together. /: realized. VII,
make ~! clothing very high pric,.i
!" consumers, and are not favorable
TO trade.
ai'"o0.ooO Live on Farms.
ne recent census showed chat
mer" than 3! ooc. 900 people ac,,.niIv
I'VE on farms III This country. ana
M'teh 10 tacs" ale added ,Ec number
living IN small towns directly de-
"hn"nt upon agriculture, IL means
;hat from 81 TO 40 per cen; Of rhn
population is affected by the posi-
i!on OF tho farmers. Although inc
P:lce" or farm products have had n
substantial advance from the low
p"iN; IN r"c'r; wcckS the value of
me adNauc" 10 the farmers has been
;HilN oN&o; hy IN. advances In IN.
prices OF what the farmers have 10
buy.
The Depart ment OF Acgicul,ure has
calculated that, based upon prices
i"r ;hr month ot October, farm pro-
HittS had only - per cent o! their
purchasing power over other pro