The Montgomery advertiser., 1909-12-26
! MONTGOMERY =

President t. j. Reynolds, OF tne
Fourth National Bank--"fn my opinion
the financial conditions are good at
present and the customers and friends
OF this institution state that their
business IL better than 1t was year
ago.
II think the business for 1910 VIII
be the best we have ever had.
Because of the high price Of cotton
and because the merchants and far
mers are prosperous, I think condi-
lions are in better shape for starting
the new year."
President Louis B. Farley, of the
Farley National Bank--"I consider
local conditions good in the face OF
the short cotton crop and collections
have been all that could have been ex-
pected up to this time. There is a
tendency to hold cotton. due to the
bulifsh feeling prevailing, though
future tendencies must necessarily
demonstrate the wisdom of-such a
policy.
has been some complaint on the part
or the merchants due to q very mild
fan which made the movement of
heavy goods somewhat slow The
present cold snap coupled with sum
shine will make the holiday trade up
to expectations.
+Financialiy, the section around
Montgomery Is In good condition.
with the usual demand for banking
Accommodations which. with the new
year. should be temporarily lessened"
President Michael Cody. OF the Elk
change National Bank and the Union
Bank and Trust Company Reports
from South Alabama show conditions
better than for several years. Middle
Alabama had shorter crop. but with
the high price Of cotton comparing
favorably with that Of a year ago.
there 10 an optimistic feeling.
THE demand for money promises
70 be active ana the impression pre-
wallis that trade conditions will be
good. We hear reports from mer-
chants OF conservative buying on the
part OF the trade generally, but while
this temporarily is not SO desirable, 1t
has Its advantage and gives promise
Of more ability for future trade.
montgomery Is in the center of one
Of the finest agricultural districts OF
the South and there Is an optimistic
outlook for prosperity, not only for
the city but for this section OF the
state next year"
President Thomas E. Isovejoy, of
the Montgomery Bank and Trust Com
pany-'The conditions look good to
us because our deposits AMI earnings
show a healthy increase over this
time last year. Although the cotton
crop was not so much this season, yet
the market was much better than IT
was year ago.
THE outlook for 1910 is very bright
from our standpoint. Our customers
too. all feel the same way and are
preparing to enter the new year with
more enthusiasm and confidence than
at any time since the 1907 panic.
'Our reasons for such belief are
based upon the fact that the people
have cancelled more debts and have
more money In bank than at any time
since 1907. The earnings of this in
stitution from July to January are
larger by rs per cent than for any
similar period in the history OF the
bank"
President J. l. Hail. OF the Alabama
Bank apd Trust Company do not
see any disturbing elements lin the
financial conditions OF the country
'.By conservative methods. I see no
reason why there should not be good
business next year and although the
cotton crop was small this season,
think we will have prosperous year
IN 1910
MY reasons for such a belief are
because there is nothing at present
disturbing the financial world"