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Daily Cotton Market PORT M OVKMENT. I N*t (OroMl iFo u.lr*c'ta| Salesj Stock i SHIPMENTS TO Ot | France iCon-jCoast-j JBr't'nJ Galveston—Sty.. 9 9-16c , New Or lean*—sty., , Mobile—. Savannah Charleston—Firm, 9 3-16c Wilmington . Norfolk—Sty.. <>Hc .... Baltiiwnro—Nom. New York—Qt . 9.65 .. Boston—Qt.. 9.85 . Philadelphia—Sty., 10.10 Port Townsend . Jacksonville. u I 2, ... 264] 511 959 037 19 lol\ ■/oil 50* 356| iou; 5.264, 3,511 • St*. 2.037; 19, 14l! 9f 2*343! I*"* I .-25 . rid, 100. . S45 1,125 148.504|.J 249,601| 10,000; 56,810; 82,132 16.539, 12,664 34.378 18.80;!] 300,128.771 634 ...I sc I HHf; J Itinantl wise f paa .1 1,309] 4,06 81 .(l€,600|.| 30SJ 4131 .1 M)l| .I Total today at all ports net 13,itn; shipment* to Ot. Britain 10.013; Prance 6,3*1; continent 21,459; Japan 355; stork 762,346. Consolidate at all ports net il2,90'». s-.ip ments to Ot. Britain 35.659; Francs 35 20 5; continent 48,113; Japan 9.663; Mexico l'»0. # Total since Sept. 1. at all ports :ie; 8.21 1, 332; shipments to Ot. Britain 2,856,002; to France 337,906; continent 2.016.939; Japtn 144.064, Mexico 8,748 NEW ORLEANS COTTON. Cfttott futures on the Now Orleans Cot Klchange today ranged no folio wo* n.iUlghj Low.lClo I I I Bi March . April .. May ... June .. July ... October 9.56| 9.561 9.45 9.65 9.77 9.40 9.68 9.57 9.781 9.67 9.4(l| 9.32 9.44 9.44 9..‘.7 9.62 9.67 9.32 NEW ORIGANS SPOT COTTON. New Orleans, March 4.—Cotton, spots Were steady; receipts 1.511; atock 249.601. ■Bw ordinary, .... .. 5 9-l6c Ordinary, nom .... «... ..6 He Good ordinary .7 13-16c Low middling.8He Middling .9>*c Good middling. 8 15-16c Middling fair .10 5-16c Fair, nom.11 l-l*c NEW ORLEANS COTTON. New Orleans. March 4.— Spot cotton ateady, unchanged. Middling 9 He. Sales on the spot 850 bales; to arrive 275. Futures opened steady at an advance of 3CP4 points in response to a higher Liver Rool market than was due. The market eld a very steady tone f<»r some time after the first call, the old crop months going to a level 5®7 points over yesterday’s clos ing. Here short selling was renewed on a large scale as the result of indications of rain for some portions of Texas. These in dications caused a weak market all day no attention being paid to a good spot de mand in the Interior. The close was steady 14 a net decline of 5@6 points. LIVERPOOL COTTON. Liverpool. March 4.—Closing; Cotton, spot food business done; prices three points hlghr: American middling fair.5 70 Qood middling .5.35 Middling ....5^ Low middling.4 Good ordinary .*.54 Ordinary .4.13 The sales of the day were 10.000 bale*, „f which 1,000 were for speculation and export ind included 9.800 American. Receipts 8,000 bales, including 3,300 Amer ican . Futures opened and closed steady: March ...&.06 March-April.6.06 Aprll-May.5.0644 May-June .... .5.07 4* June-July.5.08 July-August .5.09 August-September .5 04 September-October .... .4.»9 October-November.4.9« November-December.4.94 * December-January .4.93 December-January.4.93 H Janluary-February .4.92 44 NAVAL STORKS. Charleston. March 4.—Turpentine quiet B9c. Rosin quiet; sales 286 barrels. Quote: ABCD $3.05; £ $3.07^: FG $3.10; H $3.40; I $4.00; K $4.95; M $3.70; N $6.25; WO fl.SS; WW $6 40. Savannah, March 4.—Turpentine firm 37)4c; sales 337; receipts 219; shipments 266. Rosin firm; sales 540; receipts 1,142; ship ments 120; stock 161.489. Quote: BD 3.15; E $3.17H; FO $3.20; H $3.50; I $4.10; K $5.05; M $5.80; N $6.35; WO $6.45; WW 96.50. \ Wilmington, March 4.—Turpentine noth ing doing; receipts 4. Rosin steady 2.80; receipts 117 barrels. Tar firm $1.20; receipts 46. tyufikt turpentine ft m $2.00; $3.00 and $3.00; receipts 28 barrels. New Orleans. March 4. Receipts 54 bar rel* rosin; 12 barrels turpentine. Exports none. CINCINNATI PRODUCE. Cincinnati. March 4. — Flour firm. Wheat firm $1.27 *•? <U 28 H . y Corn firm 68H©69c. Oats firm 56® He. Rye steady 81tf$82c. Provision* steady. Whiskey steady $135. Butter steady. B||i firmer IS® Ho. Poultry steady; young chickens 14®22c; hens 13H @14c; turkeys 17®19c. NEW ORLEANS COTTON OIL. New Orleans, March 4.—Cotton seed oil; prime refined in barrels per pound 5.30 LIVERPOOL GRAIN. Liverpool. March 4—Close: Wheat, spot 1 strong; No. 2 red western winter 6s 6Vad. Futures steady; May 8s 2V*d; July 8s 3*4 d: j Hept. 7s 11 Hd. Corn, spot quiet: New American mixed I -♦via Galveston 5s 7\d Futures steady; March 5s 7d; May 5s 8Hd • PARIS BOURSE. Paris, March 4.—Closing: Three per cent j rentes 98 francs 2Vfc centimes for the ao- i Exchange on London 25 francs 24 Vs cen times for checks Prices on the Bourse today were firm on optimistic outlook In the Balkan situation. GERMAN MONEY. Berlin. March 4.— Exchange on I»ndon 20 | marks 51H pfennigs for checks. Discount rate*: Short bills 2H per cent ; 1 three months bills 2\ per cent. Prices on the bourse todav were firmer on the better outlook In the Balkans Trail ing was -uiet and the market dosed some- j what higher. HT. LOUIS PRODUCE. 8t. Louis. March 4.—-Flour higher; red winter patents $6.00® 40; extra fan* y and Straight $5.20® 85; hard winter clears $3 .S5 y»$4.25. % Whiskey $1,381* %|ron cotton ties $100. lagging 6%c. J%mp twine 7c. t flrk higher; jobbing $16 62 hM-d higher; prime steam $9.70®$9.80. Dry salt meats strong; boxed extra Shorts 9fc; dear ribs 9*s short dears :< '■« . Bacon higher, boxed extra shorts 10 Vi; Clears 10H, short clear 1"H. Receipts Shipm’ts Flour .. :."00 12."* s Wheat .33,o.m) Corn ..121.'Mm >■ Oats. 63.000 3„. NEW YORK COTTON. Futures on the N«w Terte Cut tun K* ekemgv today ranged mm follows: March.I W 63; April .].| July . ...* .* * ’ * August. September. October.. .j m.37j November .... ... .j. December.j 3.14 January .. ..!.... J It 3 9. R3J 9.48 9.6u! j ....J.. 9.551 9 9.4 »j 9 9 38; 9 0.89i 9 :?5| \ 4Si . . I 9, 4»i r 42) 5 . 33] 0. 21 9. 9. -ij !' 27! 9. NEW YORK COTTON. New York, March 4.—After un early ad vance the cotton market weakened today points* *ttady at tt net decdllnu of 203 The market opened steady at an advance of points and during the early trading sold about 5 (f 7 points net higher In re sponse to better cables than expected, con tinued reports of a steady spot situation and the early forecast predicting char weather over the cotton belt, the advance called Muy up to 9.60. or 42 points over the low level of the last week and seemed to bring out a great deal of realizing, with offerings Increasing and becoming more general following private wires from (’hi- I cago claiming that It was generally cloudy ! over Texas with rain Indicated within the I ngrt twenty-four hours. These reports were accompanied by heavy selling orders j and evidently made a considerable imprts- | slon upon sentiment. At any rate the market weakened, ij , many thought that part of the old crap sell- ( lng represented a reduction In the long lines of leading spot houses, and before the d*- j cltne w-as checked prices showed a net loss of about 20 5 points with May contracts ! selling at 9.48, or 12 points off from the top. The close was within a point or so of the loewst. Southern spot markets reported were about unchanged to V*c higher. Ow ing to poor wire service very little official I weather news was received, the weather ! map falling to show conditions during the j past twenty-four-hours In the Southwest. j Private wires from New Orleans reported | that there had been no rain In Texas or i Oklahoma, but stated that the forecast Is sued there is for unsetled weather. Sales for future delivery estimated at I about 150,000 bales. SELMA COTTON MARKET. Selma. March 4.—(Special.)—The price of spot cotton was quoted In the local cotton market today as follows; Good middling .9%C Strict middling.9*%o Middling. 9*aO Strict low middling.ySc Low middling. SHEET STEEL PRICES. Pittsburg. March 4—Following a meeting of Independent sheet steel manufacturers in this city a reduction In the price o? all trades of steel sheets ranging from 12 to $6 a ton. it Is said, has been decided upon. The meeting was attended only by sheet manufacturers and a report that bars prices had also been cut by the Independents ^ not correct. PRIME MERCANTILE PAPER. New York, March 4.—Close: Prime mer* c&ntile paper 3 4 ©4 per cent. Sterling exchange steady with actual bus iness In bankers bills at 485.60 for sixty days bills and a* ^7.70 for demand. Commercial bills 485 Vi ©H. Bar silver GO Vic. Mexican dollars 44c. Government bonds steudy; railroad bonds steady. ENGLISH DISCOUNT. London, March 4.—The rate of discount of the Bank of England remained unchanged today at 3 per cent. FRENCH BANK STATEMENT. Paris, March 4.—The weekly statement of the Bank of France shows the following changes: Notes In circulation, inc.155.180.000 Treasury deposit*, dec. 87.900,000 General deposits, dec.160.150.0000 Gold in hand, dec. 17.050,00# Sliver in hand. Inc. 75.000 Bill* discounted. Inc . 72.000.000 Advances, Inc . 8,325iooo money market. New York. March 4.—Money on call 1HH 2 per cent ; easy; ruling rate l % per cent dosing bid 1 \ ; offered at 2 per cent. Time loans rather soft, sixty days 24© \ per cent.; ninety days 2\ per cent.; and six months 2%®3 per cent. LONDON STOCKS. London, March 4. — American securities were quiet and steady during the early trading today. Prices changes were irreg ular and ranged from Vi below to 4 above yesterday's New York dosing. Consols for money.83 13.jg do. for account.83 la-16 Illinois Central .14'.e Lou. & Nash.... .. . ..1314 Southern Hy.. do. pfd.64 V* Bar silver steady 23 11-16(1 per ounce. Money 2 Vi ©Vi per cent. Discount in open market for short bills - *« per cent.; three months bills 2 V* ©3-16 per cent. NEW YORK PRODUCE. New York. March 4.— Butter fancy fresh steady; poor market for everything else. Creamery held common to special 20'i|2Sl-c western factory firsts 19 4 ©20c. Receipts 4,966. Chees. firm; unchanged; receipts 1,108. Eggs firmer; receipts 11.588. State Penn sylvania and nearby fancy selected white -6c; do. fair to choice 24©25c; brown and mixed fancy 23c; do. fair to hoi*, 21 Ofe © 22V«e; western firsts 21c; seconds 204c. Molasses steady. .y Sugar raw, -frong firm; fair refining 3.23 Vi fri 27; centrifugal 3.73 4; molasses *u 2.98 4 ©S3.02. Refined steady KANSAS CITY GRAIN. Kansas City. Marh 4.—Cash wheat No 2 hard $1 10ft)1.13; No. 2 red $1.26© 1.31. Corn; No. 2 mixed 63© 4e; No. 2 white 6 4 Vi C. fiats; No. 2 white 54© 58c; No. 2 white 51 © 52c. Close: Wheat. May $1,084: Julv 974c; eptember 93c. Corn: May 67 %c; July 04 4c; September ■ 2 4< rr “Your Opportunity” The Fourth National Bank of Montgomery, Alabama Capital Stock . . . $500,000.00 Surplus & Profits 280,000.00 The Fourth National Bank has the largest sur plus and profits of any bank in this city. We offer you every facility consistent with sound banking. We allow interest at the rate of 4 per cent per annum on Savings Accounts. We will appreciate your business. NO CHANGE IN PRICE DURING YENTEKDAV 200 BALES WEHK SOLD. There la No Demand from the Mills, the Cotton Being Sold Here Being on Market to Fill Contract*. Good middling- .#..9 9-16c Strict middling .9 3-8c Middling .9 3-16c Strict low middling .8 9-16c Low middling. 8 3-16c Cotton remained unchanged in the local market. Another lot of 250 bales has been sold for 9 3-8 cents. The offloi.nl quotations continued at 9 3-16. There is no demand from the mills. Tlie cotton that Is being sold in Mont gomery and other cotton centres will be used to fill contracts already made. There is also a little buying for April. Locally, it is expected that the Euro pean demand will pick up. One thing ib certain, the moment that demand from the mills comes, the price will respond quickly as the tone of the market is decidedly' bullish. COTTON GOSSIP Cables were higher and Liverpool spot sales large. The map shows generally fair belt, except Texas and Oklahoma, where it was generally cloudy, as was predicted Wednesday. The Journal of Commerce says cot ton in the South is held very firmly and Is In strong hands. Pall-River says business in cloths is small, and expects dullness to con tinue for some weeks. The into-sight for the w'eek prom ises to be around 195,000 against 214, 325 last year and 242,171 in 1907. A heavy loss in interior stocks is Indi cated. We shall compare mill takings with 297,000 last year, and 351,000 In 1907. No rain has come to the relief of the farmers in the early producing section of Texas, and students of tlie staple are now about ready to admit that the chances for early new crop movement from that part of the belt have been pretty well cooked. Heavy rains in the Immediate future would, of course, be beneficial, but they could not restore the month that has been lost and every day of their continuance would merely add to the already abnormal delay. In this connection, interesting ad vices from Waco were to this effect: “Conditions in Texas today are al most identical with those of early March, 1907, w'hen we had passed a winter without sufficient moisture and now' too much rain at planting time is feared.” The Texas crop of 1907 was 2.250,000 bales, as against 4,050,000 in 1906, j w'hen the winter rainfall was adequate. I Thus this new' crop outlook inherently bullish, favorably affects the old crof> situation. ! An excellent resume of the influence , of politics upon the present price of cotton has been sient out by a New’ York broker: One of our friends, intimately ac quainted wTith Washington and national politics, sums up the immediate busi ness outlook thus: Taft is a statesman, a lawyer and an arbitrator, but not a business man. His only thought is that his party is pledged to tariff revision, and he in tends, as far as lies within his power, to carry out the pledges of his plat form. at thersame time giving oppor tunity to the people interested in the proposed changes to present their views. These views, in many cases, are rad ically opposed to one another. Import ers In many lines, would like to see certain duties absolutely abolished, while manufacturers, if they had their way, would either maintain the pres ent schedule or even raise the tariff. *o as to absolutely exclude foreign competition. The labor element, In many industries, is supporting the manufacturers in their efforts to pre vent any, or at best, only nominal re ductions in duties All these Interests are represented on the floor of Congress, and every item of the tariff schedule will be vig orously debated It Is considered im possible for the tariff bill to go through the House undor six weeks; and when it leaves there, it must pass the gaunt let of the Senate, with A’drich, the leader of that body, unalterably op posed to any reduction, which can be avoided. # Of course, the full pow'er of the ad ministration w’ill be exerted to pass a hill In line with the campaign pledges, (tut it is safe to say that the extra session will drag along for several months, and that a final verdict will lot be reached before June. In the meantime the business of the country w’ill continue disturbed, and consumers will buy only from hand to mouth. Such a condition of affairs loes not augur well for a bull cam paign In any commodity, unless some lew influence arises, sufficiently strong :o overcome the present handicap. The sarly part of the planting season in cotton may be sufficiently wet to fur lish this new influence; but, as the planting season extends normally to May l, there is clanger that the present arge long interest in late months, and especially in October, will become :ired and conclude to unload In a carefully prepared summary of :he February cotton trade, the follow ing conclusions and deductions were nade by a New York house: “At the close of the month prices are i shade up from the lowest, owing to :he prompt stopping of March tenders, tnd covering, but tlie general situation remains quite unsettled and Cor the ime being conservative people are In clined to go slowly In adopting any ixed position on the market, beyond -he general feeling that ultimately tigner prices are in prospect as a re mit of next season's conditions. Con idence in tills direction is based upon iracticairy the same considerations which we have previously outlined First, that despite temporary setbacks ind recessions, the tendency of trade s toward a re-employment of the world’s »pindleage capacity which lias >een so Increased of late years that, •unnlng on Tull time, it promises a re juirement of at least 13,500,000 bales if American cotton; second, that the irobabilitles are against, rather than n favor, of such a crop next season for :hree reasons: Tiiat tw:o large crops ire rarely picked in succession; that in some sections of the belt the winter precipitation has been abnormally ight. and that the advance of the boil weevil has led to a restriction of cred ts in newly infested portions of the | country that may result in reduced I irea. ••Regarding the area: It would seem l •easonable to suppose that the same • ntiinent which lias been the support 1 >f this crop since the beginning of the ' ;eason. that is. confidence in higher > >t o'S next year, should have made an mpression upon the grower as well as lie merchant and consumer, so that a -'uuntary reduction In area seems fait hful. Opinions vai y widely in weii nformed circles regarding the poss, • le elTect of boll weevil. A recent statement by the Department of Agri uiture is rather reassuring on thi mint, and on the whole, bullish senti nent is based less upon this phase <>f fie situation than upon the reported nsuffioiont rainfall. Official data, now ! l\;i liable for the first time, showing ► r«*( lpitat'on in Texas for the month • f December makes it apparent tiiat i xcept in western sections of the State. | ains f*>r tiiat month were in excess of ast year. On the whole. therefore, here i* nothing in present conditional ustify.ng tlie assumption that the next | :rop will be smaller than that now1 narketing beyond the Improbability of wo large crops of desirable grade in i iuccession. K\(ilJS|| BANK STATEMENT. London, March 4.--The weekly statement f tlie Bank of Englum] shows the follow i g changes; ’a| re erve. dff.£ 73.000 'Ir-’ulatlon, inc ... 407,nOO tuition, Ino . 3.33,6 49 >tb«-r securities, dec.1.17* 'tb-r deposits, dec.2.53* 9 ’ui-.lic deposits, Inc.1,519 *<-tea reserve, dec. 120,00«» The proportion of the bank's reserve to ‘j lability this week is 48.84 per cent . last i k eek If vs as 4s. 08. 1>KV GOODS MARKET. New York, Marct# 4.—The storm interfer d with dry goods Jobbing house trade in he early part of the day Up to this time l»e week has been a little more quiet, yet I n the whole the jobbing houses make little * ornpialnt Oottpn K*»ods In novelties f.o pring and summer Continue to be the >*< ♦ \. sellers Fine cotton goods are m am. Linings arc generally quiet ' < areitv notable because of the delays in j leliverb's from finishing works. Fall firi ngs are being sold at spring prices. Haw | Ilk in Japan Is steady. Milan grades are t aster. Local market quiet. i CHICAGO GRAIN AND PRGDtCK. Chicago, March 4.—Wheat prices brok< sharply here today owing to ths private reports giving estimates on farm reserves 01 wheat, which reports showed a much largsi amount of grain In farmers hands that had been forecasted by leading local hulls. Part of the loss wan regained but at ih« close prices were still below yes terday's final quotations. Corn and oat* closed firm but provisions were rathei weak. Following the weak closing In wheat yes terday the trade at the opening today wai In a position to cover short sale* or t< place long wheat which had not been solO out the previous day. This *ort pf hav ing gave the market a moderately firm start, much firmer than had been general ly expected in view of declines at Ltvorp<>ol and Rerlln. opening quotations being Mi fi lie lower to hUher. compared wl'h the previous closa . The leading bull was a l*uyer of the ' delivery and this farced the price of 6 option up to 91.19H In the first few utes of trading with a gain of UUHc «•»> opening figures. Toward the end of ths first hour the report of a local crop statis tician w’as made bublic showing probable re serves o| wheat still in farmer’s nand« amounting to 123.000,000 bushels. These figures were about 20.000,000 bushels in *» cess of the estimate of the bull operator who Is credited with practical control rf the wheat situation here An estimate made by a Kansu* City expert placed the reserves at a still higher figure. rrofit taking brought out by these reports caused a quick decline. May dropped to fl.liH. During the remainder of the dav the market continued nervous. The close was rather weak, with May at fl.lSHHH July at $1.05*. New high record marks for the se«!-oi» were mede by all deliveries of corn. Itav advancing to 61 HO He and July to He. The market was bulllshly affected bj the report of a local crop expert which es timated farm reserves of corn to be nearly 106.000,000 bushels less than at the corre sponding time a year ago. Local long* were fair buyers but the market showed lit tle response to the break In wheat. The range for the day on May was 67H06AH ®Hc. The market closed strong ynth prices up HfT'Ate compared with tshe prev ious close. May being at 68Hc and Juiy at 67H@%c. Oats also advanced to a new high »• cord mark for the season, the May deliv ery at one time selling at 56and July at 51 . There was an active demand for the deferred deliveries. The leading bull* 7’ore also active buyers. The market clns pd firm with prices up V4 4i%c compared with yesterday’s final quotation, May be lng at 56He and July at 5®Tic. Selling of provisions by local packing Interests caused weakness m that market and final quotations showed losses of 5 4# 10c. A ten cents decline In live hogs was the chief bearish Influence. The leading future* for the dav rangeo a* follows: Article* Open. Wheat:— May .. .. 1.1R % July .. .. 1.05 74 8 .. 99% Corn Mu; .. .. 67% July .. .. 66 % 8ept. fr6% Oat*: — May .. .. 56 % July .. .. 5014 Sept. 41 % High. How Clnae 1.19% 1.17% 11S14 1.06% 1 ■ 05 V4 1.05% 99% 9S% 9 S"4 6R% 81% 68% 67% «<*»% 67 Vi 67 66 V* 66% 56% 56 56% 61% 00% 00% 42 41% 41% Mess Pork—per bbl:— May .. .. 17.52% 17.30 17.20 17.30 July .. .. 17.40 17.42% 17.30 17.30 Lard—per 100 lbs.:— May .. ..10.00 10.00 9.92% 9.97% Julv .. .. 10.10 10.12% 10.02% 10.07% Short Ribs—per loo lbs.— May .. .. 9.20 9.22% 9.15 9.17% July .. .. 9.35 9.35 9.30 9.30 Cash quotations were as follows: Flour—Firm. Rye—No. 2 . 79 Barley—Feed or mixing.. 65%^ 67 Fair to choice malting 66 % <u) 67% Flax Seed—No. 1 South western . No. 1 Northwestern . . Timothy Seed . Clover . Mess Pork—per bbl. I«ard—per lOu lbs. Short Ribs Sides (loose > Short Clear Sides (bxd) 1.60% 1.70% 3.M5 8.90 17.15 @ 17.20 8.92% 8.50 fu> 9.00 9.00 <a 9.25 Grain Statistics. Total clearances of wheat and flour were equal to 52,000 bushels. Primary receipts 519.000 bushels, compar 2d with 337.000 bushels the corresponding iay a year ago. Estimated receipts for tomorrow: Wheat 56 cars; corn 316 cars; oats 196 cars; hogs 50.000 head. TRADESMAN’S WEEKLY REVIEW. Sew Industries and Industrial Development In the South. Chattanooga, Term., March 4. — (Special.) —The following ltd, compiled from report* made to The Tradesman, shows the more important new' industries established In the South during the week ending today. Among those reporting capitalization of $100,000 or morw are a power plant and a mining com pany in Virginia; a sugar mill in Texas, a land company and a furniture factory in North Carolina; tobacco company in Mis souri; a lumber company In Mississippi; a land company in Florida, und an Invest ment company In Alabama. The Trades mans list for the week Is as follows Alabama. Ensley—$10,000 laundry. Anniston—Mining company. Tallus.-oe—|5.0ou oil and fertilizer com pany . Huntsville—Foundry. Mobile— $100,000 investment company. Binning ham—Machine shops. Arkansas. Leslie—Hub factory. Coal Hill - Mining company. Eureka Springs- Furniture factory. DeWltt— Rice mill. Fort Smith—$20,000 chair factory. Leola—$5,000 canning factory. Pocahontas—Broom factory. Florida. Bartow—Phosphate plant; $250,000 land company. Jacksonville—$60,000 development compa ny; $25,o00 Investment company; $50,000 nvestment company. Perry—$5,000 electric light plant; $10,000 nvestment company. Pensa< Ola--$50,000 land company. Bonifay—S10.000 lumber company. Tampa $25,000 investment company. Hanford $25,000 land company. . Panama Cnty—$15,<H»o telephone system. | Georgia. Columbus—Ice factory. Butler—$10,000 fertilizer plant. Atlanta Railway and mill supply com pany. Kentucky. Graham—Mining company. Mldlesboro—$3,000 mattress factory. Paducah Manufacturing company. Buechel— $-’5,u00 ice* coal and storage ?lant. Escondida —$22,750 mining company Louisville —$ l-i,000 manufacturing compa ly $35.00u manufacturing company. Louisiana. Gueydam—banning factory. Crowley—Manuaf turmu company. .) 4 i.-tslppl. Gulfport -$10,u*. *^iunufacturlng company. Collins—Saw mill. Charleston -Water works system. Greenvilh $30,000 tile works. Corinth—$10,000 loan company; $30,000 nanufacturing company. Vicksburg Contractors’ supply company. Jackson—$10,000 land and Investment company. Lauderdale $30,000 lumber company. Union—llou.OuO lumber company. Missouri. Fairfax—$S,000 hardware and Implement company. St Louis—$100,000 tobacco company; HO.000 iron and wire works; $7,00u land -ompany; $10.too saw mill company; $15,000 and company $15,000 manufacturing com pany. $50,000 pump manufacturing compa ny $30,000 furniture factory. Kansas City -$ 15.000 lumber company; [12,500 land company; $50,000 manufactur ng com puny. Jopiln—$50,000 mining company. North Carolina. High Point $125,000 furniture fac'ry. Brevard—$125.<»qo land company, l.umherton—$5,000 bottling works. Canton—$25,000 water works system, Maxton—$60.0<>0 land company. X Webster—Smelting plant. Goldsboro—$2;-.i"iu planing mills. Oklahoma. Spiro—Gil company. Chandlorr—$2o,Ou0 canning facotry and •reagnery. Wetumpka—$10,000 cotton g n. Mannford—$5.0o0 cotton company. Oklahoma City— $80,000 manufacturing •oinpany. Muskogee—$5.On , .*i| company. Tennessee. Binghamton—$ ' ..<> U el* < trie light plant. Humboldt—Manufacturing company. Rockford—Power plant. Memphis—Marble works. Brownsville $5.mu> hardware and furni- 1 ure company. Bristol—$lo,000 land company. Texas. W harton—Electric light plant. Pflugervllle—$40.0i)0 oil mill. H«*ndo-*-$ 12,000 lumber company. Dallas—$40,000 cement, planter and sup ply company; llO.uno laundry and dye works [.'«*.ouu oil company Fort Worth $.'*' ."O0 manufacturing com pany. $T.O0u hardware company. Terrell—$12,995 el-< trie light plant. Aransas Pasi- $25.tt"0 lumber company. Jefferson—$50,000 ice, light and power company. ( Sweetwater — $70,000 land company. f Orang«—OH company Itockdule Mining company. Lexington—$15,000 lumber company. San Benito—$500,000 sugar mill. Stacy—$3,000 cotton gin. Noeona—Hardware and implement nitri fy ler—Gas Plant. Kotan—Water works system. > lrglida. Winesap—Mining company . Elleraons—$50.0m) telephone system Richmond—$150,0u0 mining company. Warrenton—$5 non concrete company. Emporia—$20o.000 power plants. Roanoke—$15,000 amusement company. Glamorgan—Lumber mills. Wa kef lied-—$4,000 telephone system. Fairmont—Mining compan; THE STOCK MARKE] New York. March 4.—The Inaugura tion of the new President was received with passive satisfaction In the finan cial district so far as the operatloni In the stock market gave any surfact Indication. The cheers of the broken on the floor upon the announcement ol the swearing In of Mr. Tuft we?a the most tangible expression of the pre vailing view. The point in the charac ter of the new President which Is moal prized In financial circles Is that stated by himself In the appreciate estimate of his predecessor, published In a pe riodical . Wall Street s appraisement of all tba policies and Intentions outlined In the Inaugural address Is tempered by the consideration of Individual tempera ment which the President thus him self recognizes. The Inaugural ad dress contained nothing to surprise ; stock operators. Aside from the fact of the clear outline of intentions which the campaign discussion and occasion al published statements since had giv en the circulation in advance of the document Itself had given opportunity according to professed claims In the commission house to studv the text ol the document before hand: The pro fessional element in the Speculation therefore would have had opportunity to act on their estimate of the effects of the address several days ago. Dur ing that time professional efforts to discount the Inauguration consisted in - the occasional buying of a few stocks. As It so happened that subsequent j consideration Induced the closing out | of much of this purchase the profes ! atonal traders found little left for them to do as an expression of opinion over : the political succession. The day's dullness was attributable In n0 small ; part to the serious Interruption of wire | communication with all parts of the j country The telegraphing by cabls was freer than by land lines and for - sign operations In this market narrow •* was Its dimensions, were or con slderab e effect. The brightening of the Balkan situation prompted soma buying of stocks and helped the open Ing show of strength here. There la another little spurt upon announcement ! of the swearing In of the new Prest i dent; for the present price vibrations were feeble, although the market yleld 1 ed weakly at the last. The clearing of the steel trade situation, reported by the organs of tho trade, was not definite enough or followedgby enough buying to cause any great Impression, mere was another drive against Erie ! on the score of the restriction upon the permission for Its bond Issue. The sustained strength In the wheat mar ket. speculative as It Is in origin, dl - — as 11 if* in uriirin, ai rects increasing attention to the prom Ise for the winter V-heat crop an. keeps alive anxiety overJts fate. Money rates are tending downwai again and ready sale Is atlll report* for new issues of railroad Donds Bonds were steady. Total sales, pi value, $2,284,000. United States bonds were unchans# on call. • CLOSING STOCK LIST. I S*les |High.| Low |CIc»«e I |* I IBM. Amal. Copper .. Am. Car a* Fdy. . do. pfd. Am. Cotton Oil Am. H. & L. pf<l. Am. Ice Sec. . . . Am. Linseed Am. Locomotive . do. pfd. Am. Sm & Rfg. . do. pfd. Am. Sugar Rfg. . Am. Tob. pfd. .. . Am. Woolen . Ana. Min. Co. ... Atchison. do. pfd.’ Atl. Coast Line . Balt. & Ohio .. . do. pfd. Brooklyn R. T. . Can. Pacific . . . Central Leather . do. pfd. Central of N. J. . Ches. Ohio . . Chi. «t. West. . Chi. Ac N’west. Chi. M st. P. C. C. C. A St. L. Col. Fuel & Iron . Col. At Southern . do. 1st. pfd. . do. 2d pfd. .. Consol. Gas. Corn Prod. Del. & Hudson .. Denv. & r. Qr. . do. pfd. -. . .. Distillers' Sec. . Erie. do 1st. pfd. . do. 2d pfd. .. Gen. Elec tric .. . Gt. N. pfd. Gt. N. Ore Ctfs. . Illinois Central . . Inter. Met. do. pfd. Inter. Paper .. . do. pfd. Inter. Pump .. . Iowa Central . . . K. C. Southern .. do. pfd. Lou. At Nash. Minn. & St. L. M. S. P. & S. S. M. Mo. Pacllfc Mu., K. A Texas .. do. pfd. Nat. Lead . . .. N. Y. Central . . N. Y. O. & W. Norf. & West. North Amerl. North. Pacific . . Pacific Mail . . Pennsylvania .. .. People’s Gas P. C. C. Ac St. L. Pressed Steel Car Pullman Pal. Car Ry Steel Spring Reading. Republic Steel . . . . do. pfd. Rock Iwl. Co. do. pfd. S.L. & S.F. 2d pfd St. L. S’west. do. pfd. SI. Sh. St. & Ir. .. Southern Pacific .. do. pfd. Southern Ry. do. pfd. Tenn. Copper . . .. Ttxas & Pacifla .. Tol .^S. L.^At W. .. Union Pacific . . . . do. pfd. U. S. Rubber . . . . do. 1st. pfd. . . U. S- Steel . Utah Copper V. C. Chemical Wabash. West’h. Fleetrlc . . Western Union . . Wheel. At L. E. . . Wisconsin Central Amn. T. & T. 51.800 2,800 9,200 70% 49% 52 27% 2001 52% 67% 48% 52% 26 1,400 400 200 2.500 11.200 300 300 52% S3 % | 80% 103% 103% 28% 42 104 102 118 Vi 3.500)108 16,000! 73% 3.1001166% 1,700 28 % 67% 48% 110 52% 37 26% 13 52 112 8*:% lo* 128% 91% 28% 28% 40% 40% 103 j102 % 102 % j 102 % 118 % |ll& 107% 71% 166 27% 4.0001 65% 1.500 7% 200)177 4.4001144 3.400 33 200; 63% 64% 7 176% 143% 100 1,500 400 1,100 5.900 400 100 800 174 44% 86% 36% 26% 41% 31% 155 2,8001141 % 200 68% 300(141 % (l41 % 2.600 15% | 14% 4,5001 43 % ] 41% 107% 9S| 71% lfi6% 27% 102 212 64% 7 176 % 143 •73 31 62% 61 4*00, 73 % i 79% 78 ,600 128% 126% 126% 17% 173 43% 85% 35% 25 % 40% 21 154 139% 68 141% 14% - 41% I.!.I 10% 400J 51 %l 50%! 50 1 .j.I.I 35% ^ 800 29 % | 28 | 28 23.700| 43% 41 4| 42% 9.100| 73 % i 71 % | 72 1.500 129% 128% 128% I** 174 44% 85% 35% 25% 40% 31% 154% 139% 68% 1001140 2.000 6,700 1.600 4.100 1,500 6S% 39% 76% 125 45% 200! 80c 2,600(13S 300| 31 2.700|130 1,600 110% 140 1138% 67 % 39 75 122% 44% % 3 j 71% 75 122% 44% 86% 80 136% 30% 129% no 89 ►00) 36% | 35% 35 1.169 300 41%! 41 I 41 67.700;i25% .123 1123 20%i 20 | 19% 80% 136% 30% 129 110 400 1,600 1.000 73 I 72 | 72% ■ 23 I 22% | 28 62 1 61 Vi! 61% _.|.! 36% 400! 70% | 70 «, 16,600:118 1116 % 1,400 24 % | 23% 1,200) 63 62% 600| 38 % ! 37% 1.5*0*0! *4*6% I 45% 900j 68 % | 68% 48,600 176% 174 1,1001 95 i 95 I 70.7001 45 % 44% I 2.1001111 1110% ! 300. 41 | 41 : 500| 4 4 j 43% I Rooi * i 7 J ‘ 17 * ’ j 4.300 45 % I 44% 50% % H6V* 121% 23% 62% 37% 31% 45 174 94% 29 10 2 % 44% 110% 40% 43% 113% 17 44% 78% 65 Total sales .. . I.| 50 % | 48%. ! 900] 128 % l l23 % J123 1454,7001 |* |* 48% NEW YORK BONDS, U. S. ref. 2s. reg . do. coupon . TT, S. 3s. reg. do. coupon . U. S. 4«. re*. do. coupon. Allis-Chalmers 1st 5s . Am. Ae. 5 a. Am. Tel. & Tel. cv 4s. Amor. Tob 4s . Am Tob. Gs . Atchison «en. 4s. do. Short Line 1st 4s. do. cv. 4s.. Atlantic (’oast Line 1st 4s ... Balt. & Ohio is. do. S. VV. 3'2a. Brooklyn Transit c\ . 4s. Canada Southern 1st Cs. Central of Georgia Gs. Central Leather 5s . Central It K. of X. J. gen. Gs . Ches. & Ohio 4%s . Chicago & Alton 3Hs .. .. C. B. A Q. joint i.s . .. C. M. & St I*. gen. 3 V*h .... C. It 1. & P. R. R. col. 4s . .. do. col. 5a . do. rfg. 4s. C C. <’ A St. L. gen. 4s. Col. Ind. 5s . Col. Midland 4s .. Col. A- Sou ref. & ext. 4’3s.. . Del. At Hudson cv. 4s .. do. 1st ref. 4s . Denv. & it. Or. 4 s . I dstillers’ 5a .. Erie prior lien 4s . Erie g* n 4s . do. cv. 4s Ser. “A". Hon. Electric cv. Gs . Illinois Cent. 1st. ref 4s. Inter. Met 4%s . jnt«r. M' tf. Marine 4Vs*. Japan 4s . do. 4ks . do. I'd Ser... ... K C. Sou 1st 3s . f.ake Shore deb. 4» (1931). Loti. Ar Nsh. I'n. 4« ... . Mo , K. Ar Texas 1st 4s. do. 1m and ref. 4s. do. gen. 4 Vi a . Mo. Pacific 4s . . . . N. V. Central gen 3!vs. N. Y. Central del). 4s. N. Y. City 4%s (new) . X Y. X H A H. cv. Gb. Norf. A West. con. 4s .. .100 .101% . 100 % .101 .111 .120 . 81% . 99% . 94 74 . 7G .106% i . 10"% . 95% .105% .ior»% ; . 97* .100 . 94 C* . 1*1% . 94 .106% .110% . 97% .128 .105 . 7 4 % .‘.98% . 01% . 79% . 90% . &3 . 98 . 85% • 99% • 1.00% .102% . 97% . 78 . 88 . 72 Vi . 73 . 63 .139% .100% 79h% . 72% . 85% . 82% • 91% . 7f% . 95% .101 .lo0 . 86% . 91% . 82% . sir. . 94% .111% . 134 . 99 Louis B. Farley President Syfvsun Baum. Vice President John J. Flowers, Cashier. B. P. Cram. Vice President M. A.. VincentelK, Auditor. T&iNawFarley National Bank Montgomery, Alabama Capital - • - - 5200,000.00 Surplus and Undivided / Profits - - - 43,000.00 Shareholders Liability - 200,000.00 Total - $443,000.00 We Invite Your Account Every facility extended consistent with sound, conservative banking. Safe, conservative, yet progressive and accommodating. Try Us Report of the Condition of THE CITY NATIONAL BANK OF SELMA, SELMA, ALABAMA At the clooo of bnafneM on the 5th day of \ February, 1900. RESOURCES. Loans and Discounts (Tlme)...( Loans and Discounts (Demand) U B. Bonds (to secure clrcula ion) . Otner Stocks said Bonds. Banking House and Fixtures..*. Premiums. CASH:— Due From Banks.. .9145.122.11 U. 8. Bonds .. .. .. 60,000.00 Alabama Bonds .... 194,000.00 Cash in Vault . 170,682.74 U. S Treasurer I per cent fund ...» .. 9,100.00— S10.S5S.19 269,696.40 400.000.00 19I.S2S.17 12.500.00 14.760.00 1.069,054.89 92.259,692 65 LIABILITIES. Capital Stock .. 400,#<>♦.#* Surplus and Profits . tl7.B87.7S Circulation .... ... . 176.600.0® Due Depositors and Banks .... 1.116.404 01 It. 261,592.6( Sheldon-Salisbury Audit Go. Certified Public Accountants SOI Bill Building. Montgomery, Ala.. Ptaom 2338. AUDITS SYSTEMS EXAMINATIONS do. cv. 4s .... ....96 North. Pacific 4s •••• .... ..103% do. 3s .74% Oregon Short Line rfdg. 4s ..04% 1015 Penn. cv. 3%s, Penn. con. 4s . Reading gen. 4s . St. L. & I. M. con. 4s St. L. S'west. con. 4s ... do. 1st gold 4s 95% .104% .100 I 78% 78% 97% Seaboard Air Line 4s .... ..65% 01% 95% 111% 78% 103% 104 98% Southern Pacific col. 4s Sou. Pac. R. R. 1st. ref. 4s Southern Ry. 5s .. do. gen. 4s. Union Pacific 4a ... . do. cv. 4s .... . do. 1st. & Ref. 4s .... U. S. Rubbers ..103% IT. S. steel 2d ..103% V. e. Chemical 5s .90% Wabash lata 5s.113 do. 1st & ext. 4s ...• •••• ...... 74 Western Md. 4s .... .. 84 West’h. Electric cv. 5s ...» .92% Wisconsin Central 4m.. •• 94% @$7 5 SI : t 8,000 CHICAGO LIVE STOCK. Chicago, March 4.—Cattle, receipts mated at 6.000; market steady: Beeves..,..$4.00 Texas steers.4.40 Western steers.4.10 Stockers and feeders .. •• S.40 Cows and heifers .3.00 # G Calves .6.00 $8 Hogs, receipts estimated at 28,000 ket steady: Light . Mixed . Rough . Good to choice heavy Pigs . Bulk of saleM . Shepe; receipts estimated at 12,000; ket steady: Native .... ..J-*;* Western .. •• Yearlings . Lambs, native.?•**? Western . . i» 6.30 6.30 6.40 6.40 6.50 5.35 6.50 @,6 # i <V 7 SI esti 25 50 60 60 .76 .76 .65 .70 .75 .50 .76 .20 .75 mar .80 .85 .20 .85 .00 Dally Movement of Produce. Articles. Receipts. Shipments. Flour, .. 40,200 23,600 Wheat bu. ... .... •••• 86,600 43,300 Corn bu. • • • •••• ......648,100 257,800 Oats, bu.'.298.700 211.800 Rye. bu... 2.000 2.000 Barley, bu.U1.00Q 39.700 Car Lot Receipts. ■Wheat 41 cars, with 12 of contract grade. Corn 3 43 cars with 4 of contract grade. Oats 172 cars. Total receipts of wheat at Chicago. Min neapolis and Duluth today were 815 # s. compared with 178 cars last week an.. *94 cars the corresponding day a year ago. KAN SAC CITY LIVE STOCK. Kansas City, March 4.—Cattle, receipts 5.000 Including 400 Southerns; strong: Native steers .|4.00 @'26.8b Southern steers .| ^ do. cows.3.00 Native cows and heifers .. 2.50 Stockers and feeders _ _ 3.75 Bulls ‘.T.7 T..3 25 4.00 4.80 3.00 Calves Western steers Western oows Hogs, receipts 14,000; 5c lower: Bulk of sales .6 20 Sheep; receipts 3,000; steady: Muttons .. •• •••• 4.76 Lambs . " * * * .'«* Range wethers.4.-5 Fed ewes . .. 3.00 # 6.25 # 4.7' <H> 6. 00 # 6.40 (a 6.0* <9 7.5i> 6.40 5.25 @ 5.90 <H 7.50 4t 7.00 5.35 8T. LOUIS LIVE STOCK. St. Louis. March 4.—Cattle receipts 2,00# including 800 Texans; steady: Native beef steers.$3.50 #$7.45 Texas and Indian steer* ..3.50 # 6.50 Cows and heifers .2.76 @ 5.00 Hogs .receipts 10.000 market shade low Pigs and lights .4.50 #6.6# Packer? . .. #6.69 Sheep; receipts 2,000; market 10c higher* Native muttons .3.75 #5.56 Lamb*.. .... 6.00 #7.88 COFFEE MARKET. New York. March 4.—The market for cof fee futures closed barely steady, unchang ed to 10 points lower. Kales were report ed of 8.750 bags. Including: May .. ....6,90 July .6.46©50 September..6.05 December .5. 85 #90 Spot steady; No. 7 Rio 8%c; Santos No. 4 9c. Mild steady; Cordova 9%#13e. IK* WEATHER. Unit.<3 States Department <>f Agriculture. Weather Bureau. J-ocal Observation (Central Time.) _ Montgomery, March 9, 1900. i^Wlnd) Raln I State of Waa:her Tim* fTemp.ffhrj'fn. */ and" direct toil • I llOOthalf of wind 7 a.m.l 18.0 I 6 7 p.m.j 62.7 j 5 .00 I Clear—NT. W. • 00 j Clear—West. Maximum temperature for day, 58 deg. Minimum temperature for day. 36 deg. Average temperature for day 47 deg Normal temperature for day, 65 d«g Accumul excels since Jan. 261 deg! A\. relative humid, for day 4 5 per ct Total rainfall since Jan. 1, n 30 __RIVER BULLETIN. ATATIONg. ICh‘ng.1 Rain* »tAg» | Reads) 34 ( 34 I V A.ta-1) lira | hra. •—Rising a—Falling. RIVER FORECASTS. The upper Coosa will remain stationary, and the lower Coosa and the Alabama will continue to fall slowly. „ WKAl'Mftu CONDITIONS. The Coosa and the Alabama will continue to fa slowly except that the Coosa will rise slightly at Gadsden through tonight. The storm central o er V oeltewhr ETA The storm central over the lower lakes yesterday has moved to the middle Atlantic coast, causing brisk to high winds in all eastern districts, and is now giving rain or snow from the Carolines north through the l^ake region and New England, the precipi tation having been 2.50 inches at Washing ton city during the past 24 hours. • Fair weather prevails from the Rockies to the Appalachians and along the South Atlantic coast, under the influence of an area of moderately high barometer extend ing throughout the Mississippi valley, and which will give continued fair weother/!n Alabama during tonight and Friday. Temperatures have fallen somewhat to the east of the Mississippi, though an area of lo wbarometer central over northern Mon tana is giving unsettled, warmer weasher in the Northwest, and rain has occurred in »he extreme western districts. 4J. ft. bU’AulJiL.M OJB AGRICULTURE. WEATHER BUREAU. Temperature and precipitation reports from selected Southern stations. For the 24 kov.ua ending at 7 a.m . _March 4, 1904. ITemperaturelPr'clp —-1-illation Hln. 1 Max. 1 Inches Atlanta. Augusta. Charleston Corpus Christ! Fort Smith ... Galveston .... Jacksonville .. Key West .... Knoxville .... Memphis .... Meridian. Mobile . Nashville .... New Orleans .. Norfolk. Palestine .... Savannah .... Vicksburg .... Washington .. Wilmington . . 34 38 4D 66 36 60 4 2 68 32 j 66 I 64 I 72 I 70 58 6.8 80 76 50 64 56 68 76 52 76 60 72 74 68 42 | 40 i 66 38 40 34 44 34 48 36 50 40 42 .00 .00 .00 .00 .00 .00 .00 .00 .04 .00 .oo .00 .00 .00 .00 ♦. 00 .00 .00 .00 2.50 .06 Rate—T Indicates trace of precipitation. FRANK P. CHAFFER. Mactlon Director. Weather fiuraaa 8T. LOU IS GRAIN. St. Louis. March 4.—Wheat, No. 2 red cash $1.29Vi$32V6; No. 2 hard $1.15®17l£; May 11.14*%; July $1.02%. / Corn; No. 2 cash 66 V*; No. 2 white 67 J*# 68 May and July 66 Oats; No. 2 cash 55 V4; No. 2 hard 56 May 55*; July 49 *. Lead $3.86. Spelter $4.65. Poultry unchanged. Butter creamery 21® 29c. Eggs lS*c. —-U. S. Government Bonds— Are no more attractive to the INVEST OR than a SAVINGS ACCOUNT with this bank. In addition to the regular 4 PER CENT IN TEREST—paid half-yearly—your money is here subject to check at any time that you may need it—and is always ABSOLUTELY SAFE. Union Bank & Trust Co. ^^“Montgomery’s Only Savings Bank”=E