The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1907-11-01
NO CAUSE FOR ALARM.

On Saturday, while in conversation
with one Of WilmingtoA's leading
wholesale grocers On the subject of
the present financial crisis, that gen
tleman stated that in his opinion the
south would o be seriously affected
by conditions at the north; that so
much money had come into this sec.
ton since the cotton crop began to
be marketed that he was sure her
people would escape the breakers that
have temporarily disabled some If
the financial houses Of the north. He
stated that had the climax been reach
ed a few months ago the south would
have been in a bad fix, but that as mat
tiers now stand our people have moth
ing to fear.
1t strikes us that our friend took
a correct view of the situation. Con-
fidence and conservative action are all
the southern people need to weather
the storm that is prevailing in the
financial and speculative circles Of the
north.
We think the following press dis
patches in yesterdays papers from
leading southern cities bear out our
friend in his views on the situation
as regards financial conditions in the
south:
Montgomery Bankers Optimistic.
Montgomery, Ala, October 81
Ihe bankers Of Montgomery appear
very optimistic over the present tinan-
clal situation. and SO far as the local
banks are concerned, they were never
in a more solid or prosperous condi-
f1un than they are today. The panic
in New York has not been felt here at
all.
Normal at Birmingham.
Birmingham. Ala, October 27-Ac-
corGlng to the leading bankers the
banking situation in Birmingham; will
open the week normal in every par
ticular. birmingham banks gained
both in deposits and in cash reserve
during the past week. The cotton
movement is we'll under way in Ala
bama, ard birmingham, while not a
cotton centre. is the financial centre
of the state. No furry is expected
here and the banks are making loans
to customers as usual.
Conditions Same at Mobile.
Mobile, Ala. October 27.-Mobile's
bankers are confident that recent
Wall street disturbances will have no
effect upon the local conditions. Ex-
cept for the usual demand for ready
money to care for steady cotton ship
men and to handle the crop, local
financial conditions have shown no
general change from ordinary at this
time of the year.
louisville Not Uneasy.
Louisville, KY. October 27.-The
local financial %ituatiOn is not giving
bankers or business men of Louisville
any uneainess. No recourse to I'M
usual remedies has been taken by the
Louisville banks, nor is ally expected
All calls tor loans thus far nave been
met without trouble by Louisville
banks.
Jacksonville Banks Unsinged.
Jacksonville, Fla, Oct. 27.-Jack-
SonVille tanks have not been affected
by the financial furry ard there has
been no excitement OF loss OF conf
dence here.
New Orleans Banks in Good Spirits.
New Orleans, La, October 81
New Orleans banker begin this week
with an outlook FOR better conditions
than for SOM time past, Aside from
the fact that they regard the New
York situation as better, u big sugar
crop is Just starting to move. AS this
was anc months its love-
nent means the return of cash to the
banks. Similarly. but in q less de-
gree, the rice crop. which is excellent
this year. is expected to Improve con-
dit.ons. Rice Is already moving to
h market.
Conditions Good in Memphis.
Memphis, Tenn. October 2?.-
Other than to have caused q slight
tightening tendency the conditions
prevalent in eastern financial centres
during the past week have been with
out effect locally and representative
fnanciers are unanimous in express
sions of assurance as to the stability
of monetary affairs in this city. Off
Gals of the different banking institu-
tons state that ample funds are avail
able to rreet all normal requirements.
All Right at Galveston.
Galveston, Tex. October e7-Sum-
ming up the ~ffncancial situation In
Galveston T. ]. Crosse, president Of the
Galveston clearing house association
and president of the Galveston Ma
ti0nal bank, said today:
There are no disturbing factors
in the local situation. The feeling
is quiet and there is no ~saVoring of a
disturbance in he atmosphere"
Satisfactory at Chattanooga.
Chatt3no0g:as october 21.-the
bankers Of Chattanooga are a unit
in declaring that the financial situa-
ton in this city is entirely satisiac-
tory Ali the banks are well sup
p]iea-With cash, and the commercial
health of the Chattanooga district was
never Better. The disturbance in the
east has hot been felr here and there
is NO uneasiness as to the future.
Situation Satisfactory at Nashville.
Nashville, Tenn, October 27.--New :