Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-10-29

and is expected To show more or less
continuous Improvement FOR soma.
time To come. July production for
tho FIRST time In many months showed
an incr.As" over tn" same month Of
The preceding year. This increase
"Nt"iIlcd over the entire line Of to-
hacco products. Tho cigarette in
dnS'ry. In particular. has experienced
a remarkable recovery from the ad-
verse conditions Of the carly part
OF the year. Domestic production.
after running behind for tho FIRST
few months turned upward In May
and hy tho end OF July was slightly
ahead Of tho corresponding period
OF 1871. IA. year nf record produc-
ton The trend Of cigarette pro-
Guciton continues upward There t.
every Indication that the outpu,
wil! approximate. and may even OK
coed. last years total ot 81. 500. 600. :
600 cigare,t"s-chc record.
Tho condition Of tho agricultural
crops Throughout, the country con-
tinucs 70 he far above the average
tn" United States Department, Of
Agriculture" estimates that tn" ag-
pr"gate valu" of this years impor.
tant agricultural crops will 90 at
least $500. 000. Don. calculated on the
basis Of 1921 prices Three crous
corn. cotton and hay. viii exceed
sl.oO0.oo".006 each In value. Es,!-
mates Of tn" corn and cotton Yield
h"th showed declines during August
Tho ravaScs 81 the boil weevil have
considerable reduced the cotton crop
win tho exception OF wheat, rye and
peanuts, this years crops are likely
To exceed those OF las, year
As an evidence IF the cor1plotion
Of business liquidation. commercial
failures In IN. United States have
shown a decrease. particularly dur
ing tho third quarter Of 1922 Their.
mas been decrease not only IN the
number OF failures. but very do
c'ded decrease in Tho amount OF H.
abilities. Wh!!c tho country's bust
ness mortality measured n" failures
Still exceeds tina, of last year, the
indebtedness Of the insolvent firms
during the Third quarter was actual
~ less than that reported for the
Third quarter Of !a2l
II is rather astonishing TO observe
that In spite Of the costly strike Of
tho railway shopmen and in spite
of the loss Of large earnings from
TIA" coal trade. the net income OF the
railways Of tho country showed com
Dhrativcly little effects in diminished
mel earnings until August.
Railway operation does not seem
20 hare been seriously interfcred
with as result OF the strike. On
July !, Is per cent OF cars we're re-
ported 10 be In bad condition and 90
per cent OF locomotives; on Scptcm-
Der 10. after the practice! COLLAPSE
o! ihc strike. II per cent of cars and
20 per cent of locomotives were re-
ported 10 he in bad condition. Car
loadings. which is an EXCELLENT indi-
Gator OF general business conditions
AZ we'll as OF railway operations.
show "A steady forward movement
during the last few weeks In spite OF
the striking shOpmcn.
The new tariff law which wen,
into effect on September 80 Is Of CON
siderable. potential and immediate.
Importance To commerce and indus
try. ITS effects upon the general
price level Of the country will not
De evident for months. Just before
me enactment Of the law, large
quantities of merchandise were
brought into the country and with
drawn from warehouses; Since that
time. according to credible reports.
imports have been radically reduced.