Arizona republican., 1903-06-29
Bankers Satisfied with Con-
ditiOnS in Southwest.
COUNTRY PROSPEROUS
Surprising Agreement so for as hOn-
ey for Crop Moving Purposes Is
Concerned-honeyN Needed Only for
Expansion.

New York, June 2S.-EXtending an
inquiry into the south and extreme
southwest, bankers find practically the
same views as financierS further north.
Replies to queries show that the great
est national combine now existing is
that of prosperity.
1t has been demonstrated that appli-
cations for extensions are quite as nu-
merous as last year. This is not sign
of financial weakness, bankers say, but
evidence such good use can be made of
capital that the merchant and the man.
ufacturer can better afford to pay even
high interest on time loans than lose
the opportunities which the possession
of the money borrowed opens to them.
II. c. Rodes, president of the City
National bank of Louisville, Ky, differs
from western financiers regarding
money needs next fall resulting from
the call for crop movement funds. He
says.
THE demands for currency from the
interior will not, in my judgment, from
present indications. be as pronounced
as last season; but that will greatly
depend on weather conditions, the con-
sequent magnitude of the crops and
the prices then prevailing.
II believe the amount of money from
the southwest and west now loaned in
the east to be less than it was a year
ago. The demand for money for mer-
camille and manufacturing purposes is
bly, little greater in some lines
than in 1902. / do not think that mer-
chants and manufacturers as rule
are asking for more loans and exten-
sions than usual"
Another Louisville banker, Oscar
Fenley. president of the National bank
of Kentucky, says in discussing the
same subject:
II do not look for as pronounced
demand from the interior for currency
to move the crops next fall as there
was for a similar purpose last year.
That will depend largely on the mag
nitude of the crops and the prices
therefor.
I'm my judgment. the amount of
western money now loaned in the east
is not so large as year ago. The de-
mand for money for mercantile and
manufacturing purposes is as large as
in 1902.
$50 far as loans and extensions are
concerned, in some lines merchants and
manufacturers are asking for more
loans than usual, but on the average
would say the requirements are about
the same as a year ago.
An apt illustration of the general
uniformity of conditions is the view of
the financial, business and crop condi-
tions in the far south, taken by j. g.
Comet, cashier of the Germania Ma
tional bank of New Orleans. Mr.. Comet
says:
I'VE of this section of the country
see no reason why the demand for
money should not be as great as last
year. The size of the crops and price
for the same will, however, be potent
factors, but this cannot very well be
foreseen at this early date.
THE demand for accommodations
this year has been much more pro-
nounced than in 1902, and from present
appearances we infer that it will so
continue throughout the season. Mer-
chants and manufacturers are asking
for more loans this season than usual,
but extensions with us have been eX-
ceedingly limited
Conditions at Memphis. Tenn, repre-
sent those obtaining in large section
of the south. ]. 7. Fargason, president
of the National Bank of Commerce of
Memphis, thinks the demand for money
to move the crops next fall Will be
about the same as last year. He be-
lieves the amount of money from other
sections of the country loaned in the
east to be greater than in 1902.
The demand for money for mercan-
tile and manufacturing purposes he
continues, ''is practically the same as