The Montgomery advertiser., 1908-01-23

with "a short report OF tne cottou
crop which yet was sold at q very
good price, with excellent cono'', ions
Of other crops which brought into
MONTGOMERY an unusually fine revenue
with q status of commercial excellence
and behind II an Industrial strength
that ID made and maintained, as wen py
present conditions as by future pros
poets and with civic and moral CIT
cumstances In every way indicative 2.
has come to MONTGOMERY. the annual
REPORTS OF those committees 70 wnicn
was referred by the Commercial Ciup
Of Montgomery the general supervision
OF the city's prosperity, prove that tne
conditions OF the municipality Wnesher
looking to the population OF loo.u s, OF
TO the betterment OF It's present cie1Nea
ship, are heaithful.
The Committee on Agriculture ano
Cation Trade submit that despite tne
fact that there have been smap crops
mot only of cotton, but of other grow
ing things. Montgomery has received
not only its share. but SO mucn Ino,e
be notable, and Montgomery merchants
nave thereby and Herewith pronteo.
UNDERSTANDING the shortage OF crops
tbe .ha nl<s of Montgomery have Yet dis-
rlaved a most generous attitude ana
one to their creditors and TO tneir oe.
positors, few, II any. OF the cites OF
the United States nave peen h s .basr
patrons and for the patrons OIL the COM
munify which they serve, as have tine
members OF the Montgomery clearing
House Association. a.
Ssne az the most notable reports 10
that of the committee upon the ioca-
tion OF the Methodist Femaie SoIiesS ,;
THE condition OF the proposition as well
az the terms OF acceptance are iuiiy
Expressed in the report, whereas -
carried q fun setting out OF all the mat
ter from beginning to end.
Following is a copy, in part OF the
reports OF the several committees;
Banks. i
ssSince our last report, another pank
has been opened and is doing nicely.
Hinder this caption, we wish to call at
tantion to the manner in which Montt
voY,,ary met. and withstood, the recent
name It was one OF the last OF tne
Southern cities to resort to the issue OF
clearing house certificates, and the nrst
to call them In. The bank clearinss
have shown a very healthy condition
tbrouahot1t the money stringency; IN
Fact. II is matter of record that the
financial status at Montgomery shows
I'M better than any other city IN the
United States, on basis of population'
Boston, Mass, being second and Port
land, Ore, third. This fs a most en-
yiable record, and demonstrates clearly
the solid foundation upon when our
various institutions are based.
Agricultural and Cotton Trade.
Notwithstanding the shortness OF
the cotton crop In our immeaiate VI
mort TO this club that the receipts of
cotton in Montgomery to date, for this
season. exceed by over 1000 bales the
receipts for 1907; there being received
up to January 1e. 1908, 1888 bales
of cotton, as against 1885 bales Tor
the same date of last year. The price
of midland cotton on January ~. 1907,
was . rs and on January IL, 1908,
10 is.
"The stock OF cotton ON hand on
January is, 1907, was 21,171 bales
the stock on hand on January 16, 1908,
was 2s,fIO bales This statement
proves q fact very material 90 cur
commercial supremacy, namely, that
while the crop OF this territory, Tor
this season, Is admitted to be very
short Of the crop Of previous years,
our receipts have been larger, de-
monstrating the fact that Montgom-
cry has reached out for new trade
territory, in the midst OF the most
strenuous times known TO this gener-
alton,
Another point of interest to Mont
gomery people is that while the stock
of cotton on hand in Montgomery Is
lust about the same as 1t was year
ago. stiII the value per bale. In dol
lars, is at least $500 greater. Mid
land cotton today is worth two cents
more a pound than as OF the same
date year ago. and the grade OF the
present crop so much superior to the
last years crop as to be worth cent
n pound more. This difference In
grade being accounted for by the ex-
cellent harvest season of this year. as
compared to the stormy season Of Sep-
tember, 1907.
"It is believed that the stock of cot
ton held In Montgomery practically
belongs to local farmers and mer-
chants. Cotton men state that there
is hardly any contract cotton stored in
Montgomery, while IL is stated that
at this time In 1907, forty per cent of
the cotton on hand in Montgomery had
been sold to foreign shippers and mill
men, and paid for as was owned by
them. Recent bank statements show