Montgomery icon closing its doors - WSFA.com Montgomery Alabama news.

Montgomery icon closing its doors

MONTGOMERY, AL (WSFA) - An icon in the capital city is closing its doors. Weil Brothers Cotton is shutting down after 130 years in business.

OnThursday Andy Weil, one of the principals in the company, told WSFA 12 News the decision came after an extraordinarily difficult year.

Weil said the company will honor the company's outstanding commitments as it slowly phases out.

Weil says losses resulting from the cotton market's gyrations in early March were significant, and the risks of trading cotton have become much greater.

Weil says the decision was especially difficult because of the loyal employees at the company, many of them with long years of service.

He says the shut down will be complete in early 2010.

  • NewsMore>>

  • American jailed in Venezuela for 2 years arrives in US

    American jailed in Venezuela for 2 years arrives in US

    Saturday, May 26 2018 9:53 AM EDT2018-05-26 13:53:22 GMT
    Saturday, May 26 2018 7:49 PM EDT2018-05-26 23:49:03 GMT

    A Utah man has been released from a jail in Venezuela after spending nearly two years behind bars on weapons charges.

    More >>

    A Utah man has been released from a jail in Venezuela after spending nearly two years behind bars on weapons charges.

    More >>
  • Amid anti-immigrant sentiment, some Spanish speakers wary

    Amid anti-immigrant sentiment, some Spanish speakers wary

    Saturday, May 26 2018 2:14 PM EDT2018-05-26 18:14:01 GMT
    Saturday, May 26 2018 7:46 PM EDT2018-05-26 23:46:49 GMT
    (AP Photo/Chris Carlson). Lilly Mucarsel, a native of Ecuador, poses for a picture in her office Friday, May 25, 2018, in Tustin, Calif. Mucarsel, 62, of Southern California finds herself reverting to English when she attends a baseball game or goes to...(AP Photo/Chris Carlson). Lilly Mucarsel, a native of Ecuador, poses for a picture in her office Friday, May 25, 2018, in Tustin, Calif. Mucarsel, 62, of Southern California finds herself reverting to English when she attends a baseball game or goes to...

    The Trump administration's harsh rhetoric and tougher policies toward immigrants have made some Spanish speakers self-conscious about speaking other languages in public.

    More >>

    The Trump administration's harsh rhetoric and tougher policies toward immigrants have made some Spanish speakers self-conscious about speaking other languages in public.

    More >>
  • More LGBT issues loom as justices near wedding cake decision

    More LGBT issues loom as justices near wedding cake decision

    Saturday, May 26 2018 9:33 AM EDT2018-05-26 13:33:35 GMT
    Saturday, May 26 2018 7:46 PM EDT2018-05-26 23:46:25 GMT
    (AP Photo/J. Scott Applewhite, File). FILE - In this Oct. 10, 2017, file photo, the Supreme Court in Washington is seen at sunset. A flood of lawsuits over LGBT rights is making its way through the courts and will continue, no matter the outcome in the...(AP Photo/J. Scott Applewhite, File). FILE - In this Oct. 10, 2017, file photo, the Supreme Court in Washington is seen at sunset. A flood of lawsuits over LGBT rights is making its way through the courts and will continue, no matter the outcome in the...

    A flood of lawsuits over LGBT rights is making its way through courts and that'll continue, no matter what the Supreme Court decides in the case of a baker who wouldn't create a wedding cake for a same-sex couple.

    More >>

    A flood of lawsuits over LGBT rights is making its way through courts and that'll continue, no matter what the Supreme Court decides in the case of a baker who wouldn't create a wedding cake for a same-sex couple.

    More >>
Powered by Frankly