The Montgomery advertiser., 1907-02-20
REPORT SHOWS GREAT ADVANCE Montgomery Is Taking
 Rapid Strides. BANK CAPITAL s2,35O,oOO Commercial and Industrial Progress
 Shown in Figures. statement Rendered by Chairman Walker of Commercial Club.
 Gives Promises ef 1910
 Movement.

l receipts of cotton, receipts of monies l at the Montgomery postoffice, the ini- | provement of county roads. the en- | hanced valuation of real estate and the II excellent financial condition of munich II pal affairs, are indisputable proofs. So strong have the banks become and such is now the extent of their busi- ness that the committed, in Mir. Walk er's report, recommends the establish ment of clearing house. The report on the banks of Montgomery showed that the six local institutions have a to- tai capital stock of $2.350.o00; surplus and profits amounting to $673,350.99; loans and discounts. s4.s76.757.63, and deposits aggregating s6,sS7,697.6s, and statements of the financial condition of the individual banks follows: The Fourth National Bank .(report January 26)--Capital stock, $5oo.o00; surplus and profits. s242,o53.2s; loans | $1.5I7.633.74.
 The First National Bank (report Jan uary 26)-Capital stock s1.oo0.o0o; sur- plus and profits, $27S,451.77; loans and discounts. s2,266,57s.15; deposits. s4.- 025,740.47.
 Exchange National Bank (report Jan uary 26)-Capital stock, $300,000; sur plus and profits. $sS,S59.49; loans and discounts. $414.s40.56; deposits, $404,- 80? 'e
 New Farley National Bank (report Janu-ly -oI --Iap4.aI sto.A, $200, ,0vv; surplus and profits, $23,1S6.s0: loans and discounts, $21e.7s445; deposits. 1 $305. 5.242.O5.
 Union Bank and Trust Company tre- port January 171--Capital stock. $f00.- O00; undivided profits, $34.292.94; loans and discounts, $223.s30.SS; deposits, $260.272.46.
 Montgomery Bank and Trust compa- Ha al Gfn $250, ,000; undivided profits, $6,5o5.7i; 1; loans and discounts, $364,930.4S; depos- its. $472.004.S2.
 Trade Increase Is Great.
 The increase in the amount of gen. eral trade Is proportionate and mu- tuaIly a cause of the increase of the banking business. The figures on general trade statistics for the year. ! as shown in Chairman walkers report, l show that the annual sales in the wholesale groceries and provisions trade was s17,50o.00o. a percentage Of increase in five years of fifty per cent.
 Similar figures and percentages bas- ed on the same period were as fol- 1 lows:
 Retail groceries and provisions, $3,- 45O OOO an increase of sixty per cent l: dry goods, $5.750,o0O. an increase of | sixty-flve per cent; boots and shoes, | $l l0U,UVV an increase OL GOh cent; hardware and machinery, $o,- l 175. .000, an increase of seventy per l cent: wagons, buSgies etc, $1,200.0o0. an increase of Mxty per cent: drugs $S5O, 900. an increase of sixty-five per cent; building material and supplies. $2 800, 900. an increase of 25O per cent.
 The cotton receipts, the report show ed. for the past five years show sub stantiaI increase. Tn the season of 19O1-01, receipts were 150,591 bales. season 1905-06. 199 TIT bales. and sea- son 1906-07. 166.S94 bales. The last named figures are less. it was stated. on account of the short crop. | The average price prevailing atMont- gomery during the cotton season 1906-T was ten cents as against previous years of nine and three-duarter cents The highest price for the current season was ten and one-quarter cents.
 The stock of cotton on hand in ware houses today is 21,7ss bales. as against 32.011 bales last year at the same time. l POstOfIice Receipts Growing
 The postof1ce receipts for the past five years have shown an increase of nearly 125 per cent The increase in receipts for 1906 over the previous year W ass17.776.41, or seventeen per cent.
 The committee suggested that the revenues of the postoffice would be largely increased If the merchants of 4 Montgomery would do all their trad ing at the local postoffice. Many merchants purchase stamped envelopes from engravers and Photographers in other cities. An increase in receipts from sales at the poseoffice would result in augmentation of the clerical force. 1 The ticket sales al the Union Sta tion show for the past six months. $S96,16O, very decided increase over the same period of last year.
 During the past year the report stat ed substantial improvement. and ex- tension of the county road system had been made, something over $S5,000 hay ing been expended for this purpose. Forty miles of road had been repaired. and new work is under contract. The county has in all total of III miles of gravelled or paved roads.
 For the year 1908. there were 2,015 real estate transfers in the city az gregating $4.250.sOs.75.
 The city income was shown to be greater than its disbursements by near ly $40,00O. The assessed valuation of 1 increase in assessed valuation of more than $500, 0,000 The estimated actual valuation is 33.O00,000 The total as- sets of the city for the year just clos ed were s2.4sO 0s527, or s176, ,03527 greater than It's liabilities.
 
 nual Fair of the Alabama Agricultural Association as the most successful and hest ever held in the South.
 Canvass For Girls College. With reference to the college for 1 women which the Alabama Methodist Conference have suggested be located in Montgomery. the report said
 "rhls club has rare opportunity now, which we conceive to be one of the best business propositions ever sub | mitted for its consideration, and that Is to secure for Montgomery a large female college. We consider the prop osltIon that has been submitted to Montgomery a fair and reasonable one. l and at a very early date a thorough ! canvas of the city should be inaugur- 1 ated to raise the amount specified az necessary to secure this school"
 The concluding paragraph of the re- l port was as follows;
 There never was a period in the his | tory of Montgomery when such actiY- | ity was manifested in real estate and I Improvements There are now under contract and in the course of construc-