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RESISTANCE MADE TO THEMES* Aggressive Buying Starts Prices Upward Buoyantly SOON SETTLED INTO QUIET Forecast of the Week’s Currency Move ment Proved More Favorable Than Had Been Expected on Sub treasury Transactions. New York, January 26.—There was con siderable pressure of liquidation for a time, but vigorous resistance was opposed to the depression, and aggressive buying orders appeared which started prices up ward again with some buoyancy. The ad vanoe was not pursued to any great ex tent and the market became rather strangely quiet and neglected without any marked point of weakness appearing to dlsoourage the advance^ The forecast of the week's currency movement proved more favorable than had been expected on the day's transactions with the sub treasury. The gain by the banks from that source had amounted to only 22,000,000 up to last Bight, and this was rather more than offset by the takings of gold for export. The regular express movement with ths Interior, however, has been largely In fa vor of New York estimates of the re ceipts on balance at this port, painting to a gain of upwards of 26,000,000. The usual doubt is felt over the loan Item but the supposition from the heavy liquidation In the stock market known to have taken pleoe would be that the volume of loans hoe been contracted. Other financial oper ations, however, timed to take place at this period of sudden flow of currency In to bank reserves will affect the showing of loans. The money market continued easy but foreign exchange rates made a fhrther advance. The decline In the sterl ing exchange rate at Paris and the re ported hardening of the discount maTkert FOSTER* Co No. 9 First Nstionsl Bank Bldg. STOCKS-COTTON-GRAIN. The Odell Stock and Grain Co., Incorporated capital $260,000. BELL PHONE 1207. WARE $1 LELAND Cotton, Grain, Provisions, Stocks, Bonds. ground Floor Woodward Building. Both Telephones, 1145. Members— New York Cotton Exchange, , New York Coffee Exchange, New Orleans Cotton Exchange, Liverpool Cotton Association, Chicago Qgard of Trade. PRIVATE WIRES TO New York, Chicago, New Orleans, C. H. COTHRAN, Manager. LOVEMAN * CO. COTTON, STOCKS. BONDS, GRAIN and PROVISIONS. 119 N. 20th St. Both Telephones 81. Private Wires to All Exchanges. MEMBERS OF— New Yerk Cotton Exchange, New Orleans Cotton Exchange. Chicago Board of Trade. CORRESPONDENTS— Miller & Co., New York and New Orleans. Member* New York 8toek Exchange. Correspondence Solicited. OTTO MARX & C0. BANKERS AND BROKER8. 8TOCK8, BONDS AND MORTGAGE LOANS. Ground Floor, First National Bank Building. J.M. CALDWELL & CO. (Successors to Caldwell & Ward.) BANKERS AND BROKER8. STOCK8 AND BONDS. Suite -19 1st National Bank Bldg. Bell Phone 2244. MORTGAGE LOANS. Place your mortgage loans direct Wiui the United States Mortgage and Trust Co. of New York. Capital, eur plus and undevided profits over'$5,000,• 000. Interest rata the lowest. C. GAZZAM. Agent. 836 First National Bank Building. C. G. Abercrombie & Co. 15 North Twentieth Street. Cotton, Stocks, Bonds, Grain and Provisions. Members New York and New Orleans Ootton Exohanges. Correspondents—H. & B. Beer, New Orleans; Logan & Bryan. Chicago; Carpenter, Baggot ft . Co., New York. Reference—American Trust and Savings Bank. Private Fast Wires to all Ex changes. Bell Phone 847. M. J. SMOLLEN, Manager. STEINER BROS. BANKERS Investment securities bought and sold. Loans negotiated on real estate at lowest rate of interest. CLOSING STOCK LIST. Sales. High. Low. Close, j Adams Express.. . 240 Amal. Cop.125200 112 I 10(4 III Am. Car & F..,. 12600 47'/s 4614 4644 do pfd. 300 10444 10344 103 44 Am. Cot. Oil ... 1400 4174 4144 414* do pfd. 400 9444 9444 94 Am. Express ... 700 2494a 245 247 A. H. & L.. pfd. 2300 42*4 41 40 Am. Ice Secur... 800 44*4 44 4374 Am. Lin. Oil ... 400 2644 26 2544 do pfd. 300 4844 4 7 4644 Am. Loco. 2700 7644 74 78 do pfd. 117 Am. Smelt. & R. 15600 17144 170 170'/* do pfd. 6800 16244 151 151 Am. Tob., p. C... 700 107 107 10674 Ana. Min. Co. ..36000 279 274 276 Atchison..17700 94*4 934* 944* do pfd. 100 103 44 1 0314 1034* Atl. C. L. 3800 167 16574 165'4 Balt & Ohio ....19700 1164* 11544 I 164» do pfd. i. 98 Brook. R. T.65900 94'/s 9344 934* Cana. Pacific ... 4300 174** 1734* 174'/* Cent of N. J.... 100 228'4 22844 227 Ches. & Ohio ...26500 62'* 6144 614* Chi. & Alt. 100 33'/* 83 4* 3344 do pfd. 100 80 80* 80 Chi. G. W. 4100 23 22'/a 2244 Chi. & Northw... 1400 234 233 234 Chi., M„ & St. P.15400 19014 1884* 18944 Chi. T. & T. i 644 do pfd. 89 C. .C..C. & St. L. 300 108'4 108 107 Colo. F. * 1.63500 8344 81** 8244 Colo. A Sou. ... 4200 3644 36 3574 do Is? pfd. 600 714* 714* 71'/* do 2d pfd. 300 65 55 5444 Consol. Gas .... 6100 1814* 179 180 Corn Pro. 5300 1844 18 184* do pfd. 4700 57 564* 574* Del. & Hud. 500 222 221 '4 221'4 D. . L. & W..465 Den. * Rio G. .. 14500 6174 6044 5144 do pfd. 800 914* 904* 91 Distil. Secur. ... 1700 53 4* h274 624* Erie .27300 b0'4 4914 49'/a do 1st pfd. 500 824* 8244 82'/a do 2d pfd. 400 75'/* 744* 75 Gen. Elec. 400 1774* 177 177 Hook. Val. 1700 119 11514 116 111. Central ..... 1100 17844 1774* 178 Interna. Paper .. 1700 25 244* 2444 do pfd. 87 Interna. Pump .. 600 3444 31 30 do pfd. 80 Iowa Central .... 200 33'/a 33(4 33 do pfd.6114 Kan. City Sou.. 1300 32 31 31'/4 do pfd. 2500 62 61 61'/* Louis. & Nash... 900 154 153 15374 Manhattan L. .. 700 162 16114 1614* Met. Secur. 3600 72 7114 71 44 Met. St. Ry. 9100 12544 12374 125(4 | _ sales. High. Low. Close. Mex. Central ... 1300 254* 2 5 Vi 254i Minn. & St. Ij.. 200 81 80 80 Minn.. St. P. & S. Ste. M. 400 158'* 158 158 do. pfd. 100 1804* 1804* 179'/a Mo. Pacific . 4400 1051* 1041* 104'/a Mo. K. A T. 2800 394* 39'/a 39'/* do pfd. 1400 7 2 7144 72 National Lead .. 2700 9l'/4 90!* 90 Nat. R. R. of , Mex., pfd.' 100 391/4 39!* 395* N. Y. Central ... 4400 153'* l52'/a 1524* N. Y. O. A W. ..38600 569* 837* 567* Nor. A West.57000 93!* 917* 927* do pfd. . 94 North Am. 1000 103 I02t* 1027* Pacific Mall . 400 60'/* 50 49'/a Penn.51800 1 46'/a 1644* 146 People's Gas .... 1600 10044 100 100 P..C.C. & St. L, 1600 86 85 854* Pressed S. C. ... 2600 63'/« 62!2 62'/« do pfd. 100 104 104 1037* Pull. Pal. Car.... 100 245 245 246 Reading .167100 154'* 151!* 1529* do 1st pfd... 93'/2 do 2d pfd. SOO 101 101 1011* Republic steel .. 1300 36 35'* 354* do pfd. 300 10644 106'/* 1064* Rock Island Co.. 13700 25 23'* 244* do pfd. 2800 631 a 627* 63!* St. L. & San Fran. 2d pfd... 3200 47 46 6444 St. L. Soutlrw... 1600 27 2854 26»* do pfd. 700 60'a 59'a 59»* Sou. Pacific.14300 714* 707* 707* do pfd. 118 Sou. Railway ..131400 427* 417* 424* do pfd. 300 102'/a 102'/a 102 Tenn. C. A I. '38 Tex. A Pacific .. 5400 39 38>/a 38V* Tot, St. L. A W. 38' a do pfd. -V0O 584/4 58V* 574* Union Pacific ..116900 1084* l57'/s 1575* do pfd. .. . 200 97'/a 97 97'/4 U. S. Express .eV 1800 1381/2 136 135 U. S. Realty .... 200 90 90 89'/a U S Rubber .... 1200 564* 65*4 56'* do pfd. 1800 114 1137* 113' 2 U 8 Steel .43400 45 44V* 447* do pfd. ..v.18000 112'/a IM4* 1124* Va.-Caro. Chem. 1900 535* 524* 63 do pfd..... Wlabash .14400 26'/a 257. 257* do pfd. 6000 47 Vt 469* 47V* Welle Far. Ex... 100 248 248 247 West'h. Elec. ... 1100 170'* 169 1684* West. Union .... 1400 94V* 9344 934* W. A L. E. 1000 204* 20 20 Wig. Central. 3tm do pfd. 300 61V* 61 6054 Nor Pacific . 8400 2077* 1065* 2064* Cent. Leather .. 6800 49'* 48V* 484* do pfd. 500 107'* 107'* 107'* Sloss-Shef. 600 92'* 914* 91V* Total sales for the day, 1,358,600 shares._____ In Paris have a bearing on the outlook for gold exports. No arrangements were reported, however, for any further ship ments of gold. The announcement that the next Issue of New York city bonds would be 4 per cent Instead of 3% per cent, in order to secure their sale within the legal minimum of par, was regarded with Interest. Since the new city char ier no bonds have been Issued for less than 8% per cent, but the price of the securities has been declining to below par. The high rates for money and the speculative demand for securities with .■[alms to share in profits are given as the causes of the declining tendency in interest-bearing securities of which this was an example. Disappointment over the decision of the constitutionality of the stock transfer tax had some part in the decline in the activity of the later mar ket. The early selling pressure centered upon Reading and the unsupported con dition of that stock had a sympathetic effect on the rest of the list. The strength of Union Pacific. St. Paul, Amalgamated Copper and the United States steel stocks I made an effective leadership for the re covery In the market, and was supple I mented by the active demand for the l Pennsylvania group and a number of the ! Morgan railroads. Dess effect was pro 1 dticed by the wider advance In a num i her of stocks of a more obscure type. The strength of Colorado Vuel and or ' Denver and Rio Grande was connected with the plaits for the Pacific Const ex tensions for the Gould system and St. Paul, and the additional requirements thus indicated for steel products. Reports of gross earnings of railroads for the third week In January arid of net earnings for December made a favorable showing for the Atchison. Topeka and Santa Fe, Doulsville and Nashville, South ern railroad and several of the minor grangers. The market was not effectually revived 1n the latter part of the day. al though there was some further show of strength. The closing was rather heavy. Bonds worn firm. Total sales, par value. United States bonds weTe all unchanged | on call. Bonds. U. s. refunding 3s. registered....10384 IT. 8. refunding 2s. coupon.10384 U. 8. 3s. registered .102*/* U. 8. 3s, coupon...\03Va U. 8. old 4s, registered .103 U. 8. old 4s. coupon .103 U. 8. new 4s, registered .12984 IT. S new 4s, coupon .13014 Southern Railway 5s .11884 Money on ball. New York, Januaiy 26.—Money on call i easier, 3840484; ruling rate. 4; closing bid, \S'i- offered at 4. Time loans steady; sixty ,..*a ninety days and six months 48404% i 11 Prime mercantile paper, 50584; sterling ' exchange with actual business in bankers' hills at 486.360487.35 for demand and at 483.900483.95 for sixty day bills; posted rates 484840488; commercial bills, 483%. Bar silver, 65%. Mexican dollars. 5084- Government bonds steady; railroad bonds firm. Treasury Statement. Washington, January 26 —Today's treas ury balances, exclusive of the S°'d re serve, shows available cash balance $14t.- | 774..861; gold, $77,468,947. Clearings and Exchange. Memphis, January 26.-Clearings, $904,644; balances. $81,070. N^w Orleans, January 26—Clearings. $•*. 798,782. New York exchange. $1 per $1000 premium; commercial paper, 60c per $1000 discount. . Coffee Market. New York. January 26.—Coffee, spot Rio steady; mild Arm. Futures opened steady at unchanged prices to an advance of 5 points In re sponse tO steady European cables and pre dictions for a large decrease in the world's visible supply. There was quite a good deal of cofree offering through European bouses and Wall street brokers, but this was well absorbed by trade Interests and the market held generally steady around the Initial price. Close, steady, net un changed to 5 points higher. Sales were reported of 68,000 bags. March, 6.9607; May, 7.15077.20: July. 7.35: September, 7.45 07.50; December, 7.70. Metal Market. New York. January 26.—There was a sharp decline In Tendon tin; spot £164; futures. £164. Locally, quiet; spot. $36.15® 36.75. Copper higher In London, £79; fu tures £77 10s. Locally unchanged. Lake ami electrolytic. $18078.25; casting, $18. Ivead declined 2s 6d to £16 15s 6d In Lon ' don. Locally, easier. $5.6005.80. Spelter lower. 6.3506.40. locally, and £25 10s in London. Iron higher abroad; standard foundry, 52a 8d: Cleveland warrants. 52s 9d. Locally steady to Arm; No. 1 foundry northern. $18.75019.35; No. 2 foundry north GIBERT Sc CLAY. i923 Fir at Avenue. Bath Phenea 1685. Cotton, Stocks, Bends, Grain, Provisions. MEMBERS New York Stock Exchange New X®'* Cotton Exc|'*"8#- N*'J' York Coffee Exchange, New Orleano Cotton Exe**n»a’a*^°' of Trade, New Orleano Stock Excha nge, Liverpool Cotton Aoaoeiatlon. and other exchangee. Private wlree to all exchangee. 6A/. L. SIMS, Manager ern. 318.26@18.85; No. 1 foundry southern. |18.SO<f/18.75; No. 2 foundry southern, *17.76 @18.25. Chicago ’Change. Chicago. January 28.—A revised esti mate of the exportable surplus of wheat in Argentina showing a market increaso over previous figures caused a weak wheat market early In today's session. latter the market became Arm on buying by shorts, who were influenced chiefly by un active demand by cash wheat at the principal grain centers of the United States. At the close prices were practically as those of yesterday. May corn was off *4oats were down and provisions were 2Bt@ 10c lower. The leading futures ranged as follows: Wheat— Open. High. Low. Hose. May . 856k B6V» 8614 85 la July . 84 84’/4 8344 84 Corn— Jan... 41 May *. 4444 4444 44'/« 4444 July . 447/4 447/e 441/2 4444 Oats— Jan. 301/4 May . 311/2 3114 31 31 >/4 July . 301/a 31'/4 30 301/a Mesa Pork— Jan.13.70 13.70 13.6714 13.70 May .14.05 14.05 13.95 14.05 July .14.12 Ok 14.15 14.0714 14.1214 laird— Jan. 7.40 7.40 7.40 7.40 May . 7.55 7.55 7.60 7.6214 July . 7.65 7.65 7.6214 7.65 Short Ribs— Jan. 7.3714 7.3714 7.3714 7.3714 May . 7.5214 7.5214 7.4714 7.50 July . 7.62'/2 7.65 7.60 7.6214 Cash quotations were as roliows: Flour—Easy. Wheat—No. 2 spring, 83®«i>c; No. 3, 80® 84c; No. 2 red, 83%®86%c. Corn—No. 2, 4t**e; No. 2 yellow, 42e. Oats—No. 2, 30>*c; No. 2 white, 32®32%c; No. 3 white, 308;®31%c. Rye—No. 2, 86c. Rarley—Good feeding, 39%c; fair to choice malting, 44®60r. Flax Seed-No. 1, *1.07%; No. 1 north western. $1.14. Timothy Seed—Prime, $3.30. Mess Pork—Per barrel, *13.67%@13.70. l ard—Per 100 pounds, $7.40. Short Ribs Sides-Loose, $7.22%®7.37%. Short Clesr Sides-Boxed, *7.604X7.70. ■Whisky—Basis of high wines, *1.29. Clover—Contract grade, *13.25. On the produce easier, 17®17%c; easy: creamery. 18®25%c; dairy, 18®23c. Eggs—Easier, 17®17%c; prime firsts, 18%c; extras,' 20%c. Cheese—Steady, 117X13c. Live Stock Market. Chicago. January 25— Cattle receipts 2500; market slow and dull; common to prime steers, J3.404B5.4fl; cows. *3414.40; heifers, *2.25®fi; bulls. *2®i: calves, *.3®8; Stockers and feders. *2.404x4.60. Hogs—Receipts 30,000; steady to 5c lower: choice to prime heavy, *5.454X6.60; medium to good heavy, *o.40®6.45; butcher weights, *5.404x5,50; good to choice ’heavy, mixed, *5.404j’5.45; packing, *5.15@5.45. Hhcep—Receipts 8000: slow: sheep, *4.50 ®6; yearlings, *6®6.60; lambs. *fi.50®r.a4. Naval Stores. New Orleans, January 26.—Naval stores steady. Pitch, *2,25; pine tar, *4.75; coal tar, *3.60. Rosin, per barrel of 280 pounds: A, R, C. *3.47%; D, *3.52%: E. *3.57%; F, *3.62%; G, *3.67%; H, *3.87%: I, *4.60; K. *5; M. *5.25; WG. *6.06; WW. *6.15. Tur pentine firm, 66c. Savannah, Gatf January 26.—Turpentine firm, 65%c; sales, 57; receipts. 267: ship ments. 243. Rosin firm; sales 201; receipts, 2921; shipments, 2665; stock. 68,178. Quote: A. B. C. *3.42%; L. *3.47%; E. *8.52%; F, *3.57%: G, *3.62%: H. * 82%; I, *4.37%: K, *5.07%; M. *5.85: N, *5.86; WG. *6.05: WW, *6.15. Cotton Seed Oil. N’ew Orleans. January 26.—Cotton seed oil steady; prime refined In barrels. 3H*c; prime erode loose, 26Vfcc. New York. January 26. Cotton seed oil choice prime yellow. 38»(&33Hc: petro leum. steady. Rosin, steady; strained com mon to good, 18.90. Tun>entlne steady, 68i®68V4c. Memphis, January 26.—Cotton seed oil, prime crude, 26>4ijt26>*; prime summer vel|ow. 2OT4: prime meal. $28036.36; prime cake. »2<vg»6.50. v Abercrombia A Co.'a Market Letter. The weight of actual cotton upon the market, principally interior distributing points holding large storks when com pared with last year, notably Little Rock. Vicksburg. Memphis and 1 Houston, told upon values today In a most convincing manner. Liverpool offered every encourag ment looking to a reaction, 6 points up at one time and spots there were In good demand at an advance of 3 points. Sales 12,000 bales, on the basis of 6.17 for mid dling. The movement was very light. In fact somewhat smaller than expected. Insight for week. 182.000. last year. 201.000; year before last. 212.000; making total marketed to date, 7,765,000. compared with 8,798,000 last year, and 7.886,000 ykar before last, or 121.000 bales less than in the 10.000,000 bales crop year. The weakness of the market, however, Is explained by the fact that while ar rivals to market are surprisingly small, and In keeping with short crop views, thfi export movement has been very much lighter, and as a ’ esult of these con ditions, .Stocks at counted interior towns and at the ports have increased instead ot decreasing. COTTON IS WEAK AND UNSETTLED Close Was Up a Little from the Lowest SENTIMENT WAS BEARISH Raid By Bears In Afternoon Caught Stoi Loss Orders on the Decline and Forced a New Low Level. New York. January 26.—The cotton mar ket was weak and unsettled undeF bear pressure, and liquidation, which seemed to be chiefly for southern account. The close was a little up from the lowest on covering but final prices showed a net loss of 9@18 points. The market opened steady at an advance of 2 to 6 points In response to somewhat bitter cables than expected, but contin ued large spot business In the Liver pool market. The sentiment here was bearish and the market almost Immediate ly pnsed off under selling by local pro fessionals and scattering liquidation. Reaching 11.33 for March, there was a brief reaction on covering, but there was no sign of Important bull support, and In the early afternoon the bears raided the market aggressively, cathing stop loss orders on the decline and forcing prices to a new low level for the period slnec the government's estimate of the crop The decline was accompanied by bearish private wires regarding the spot situation from New Orleans and rumors of a cut In the price of cotton goods. At the lowest March sold at 11.19. or 20 points net lower. March closed at 11.21 and the final tone was steady. Sales for the day were esti mated at 600,000 bales. Receipts at the ports today, 23.062 bales, against 24,233 last week and 41,353 last year. For the week, estimated, 110,000 bnles against 135,840 last week and 171.403 last year. Today's receipts at New Orleans 3240 bales agalnat 9123 last year, and at Houston 4302 against 3231 last year. Futures opened steady and cltjsed steady. New York Cotton Futures. Open. High. Low. Close. January ~ . 11.30 11.30 11.10 vTTlo February . 11.25 . 11.10 March . 11.42 11.42 11.19 11.21 April . 11.49 11.49 11.48 11.23 May . 11.66 11.36 11.33 11.35 June . 11.58 11.58 11.46 11.36 July . 11.63 11.63 11.41 11.42 August . 11.40 11.42 11.25 31.24 September .. ... 10.78 . 10.67 October . 10.65 10.68 10.55 10.55 November. 10.50 . Dally Cotton Movement. Galveston—Easy; middling, llVfcc; net receipts, 1564; gross receipts, 4564; sales, 394; stock, 160,877; exports to the conti nent, 8657. New Orleans—Quiet; middling, lPVfcc; net receipts, 3420; gross receipts, 3420; saJes, 2575; stock. 317,763; exports coastwise, 876. Mobile—Easy; middling, lli/fec; net re ceipts, 1193; gross receipts, 1193; sales, 50; stock, 43,174. Savannah—Quiet: middling, 11 '/fcc; net receipts. 1687; gross receipts, 1687; sales, 1131; stock, 96,715; exports coastwise, 2213. Charleston—Nominal; net receipts, 539; jrros8 receipts, 639; stock, 36,605; exports coastwise, 1150. Wilmington—Nomnial; net receipts, 584; gross receipts, 589; sales, 85; stock, 9937; exports coastwise, 64. Norfolk—Dull; middling, ll*fce; net re ceipts, 1232; gross receipts, 1232; sales, 438, stock, 39,458; exports coastwise, 1992. Baltimore—Nominal; middling, liefer; ret receipts, 1641; gross receipts. 1641; stock, 11,327; exports to Great Britain, 2313. New York—Quiot; middling. 11.70c; gross receipts, 2262; sales, U3; stock, 213,493; ex ports to the continent, 193; to Japan, 2315. Boston—Quiet; middling, 11.70c; gross receipts, 2697; exports to Great Britain, 1469. Philadelphia—Quiet; middling. 11.95c; gross receipts, 51; stock, 4446; exports to the continent, 175. Newport News—Net receipts, 982; gross receipts, 982; exports coastwise, 982. Brunswick—Net receipts, 2013; gross re ceipts, 2013; stock. 727; exports to Great Britain, 6568; coastwise, 1666. Pensacola—Net receipts, 4050; gross re ceipts, 4050; exports to Great Britain, 4050. Jacksonville—Net receipts, 286; gross re ceipts. 280; exports coastwise, 286. Miscellaneous—Net receipts, 840; gross receipts, 840. Total today, at all ports: Net. *3,052; ex ports to Great Britain. 14.400; *• the con tinent. S918; to Japan. 2315; stock. 923.534. ronsolldated, at all ports: Net. I10,7<>!>; exports to Great Britain. 45.202; «o France, 288; to the continent. 30,817; to Japan, 3601. Total Blnce September 1, afc all ports: Net. 5,060,487; exports to Great Britain, 1. 868.447; to Franco. 531.6S8; to the continent, 1,541,309; to Japan, 41.910; to Ma*ico, 1184. Interior Movement. Houston—Easy; middling, 1l3*c; net re ceipts, 4302; gross receipts, 4302; ship ments, 1880; sales, 635; stock, 93,509. Augusta—Steady; middling. 11 7-IOc; net receipts. 403; gross receipts, M3; ship ments, 642; sales, 309; stock, 87,515. Memphis—Quiet; middling, 11 7-16c; net receipts. 1947; gross receipts, 230'); ship ments, 2726; sales, 1600; stoek, 123,476. St. Louis—Quiet; middling, ll,/Stc: net receipts. 600; gross receipts, 1963; ship ments, 174; stock, 43.106. Cincinnati—Net receipts. 744; gross re ceipts, 744; shipments, 171; stock, 16,000. Louisville— Firm; middling, IH'se; net receipts, 118; gross recelpts.,118; ship ments. 47; sales, 221; stoek. 200. total today—Net receipts. 8114; gross re ceipts. 9832; shipments, 9833; sslcs, 2765; stock, 363.806). Weekly Interior Cotton Towns. Albany—Receipts 275, shipments 543, stoek 5325. Athens—Receipts 570, shipments 650, sales 146, stoek 18,197, Atlanta -Steady, middling 11%, receipts 397, shipments 668. stoek 9496 Brenham—Receipts 130, shipments 122, stoek 1630). Cliarlot/te—Steady, middling 11%, receipts 164, shipments 164. Columbia—Receipts 1663, shipments 2179. stock 27,800. Columbus, (5a.—Quiet, middling 11, re ceipts 986, shipments 940, stock 23,06,5. Columbus, Miss.—Quiet, middling 11, re ceipts 1071, shipments 1521, sales 1521, stock 8944. Halls*—Receipts 2257, shipments 1342. stock 4605. Eufaijla—Receipts 5, shipments 324, stock 4631. » Greenville—Receipts 878, shipments 2560, stock 9135. Helena—Receipts 1042, shipments 1474, stock 10,579. Little Rock—Steady, middling 11%, re ceipts 4594. shipments 2660, stock 9136. Macon—Receipts 278, shipments 401, stock 10,747. Meridian—Receipts 1028, shipments 103, stock 26.241. Montgomery—Steady, middling 11%, re ceipts 1646, shipments 1934, sales 1934, stoek 34,258. Nashville—Firm; middling 11%, receipts 157, sales 167, stock 2629, Natchez—Steady, middling 11%, receipts 1425. shipments 2447, sales 1402, stock 17.103. Raleigh—Steady, middling 11%, receipts 300, shipments 175, slock 639. Rome—Receipts 573, shipments 561, stock 71S5. Selma—Receipts 1236, shipments 1534, stock 16,354. Shreveport—Firm, middling 11H. receipts 2370, shipments 1355. stock 26.488. Vicksburg—Receipts 1369, shipments 670. stock 25,413. Yaxoo City—Receipts S64, shipments 972, stock 17,427. Weekly Cotton Statement. New York, January 26.—The following statistics on the movement of cotton for the week ending Frldky. Januay 26. were complied by the New York cotton exchange; WEEKLY MOVEMENT. This Year. Last Year. Port receipts . 110,096 171.403 j Overland to mills and Canada . 24,383 17.640 Southern mill taking (estimated) . 97,000 57,000 Loss of stock at In terior tow'ns . 723 7.380 Brought Into sight for the week .192,162 238,663 TOTAL CROP MOVEMENT. This Year. Last Year. Port receipts ..........5,610,899 6,580,120 Overland to mills and Canada . 503,438 608.120 Southern mill takings (estimated) . 115.100 1,146,000 Stock at interior towns In excess of September I . 536,296 578.839 Brought Into sight thus for for season.7.801,633 8.913.079 Comparative Statement. New York. January 26.—Comparative cotton statement for the week ending Fri day, January 26: Net receipts at all United States ports during week. 110.709; net receipts at all United States ports same week last year, 174.469. Total receipts since September 1, 5,606,487; total receipts to same date last year, 6,564,850. Exports for the week, 79.908; exports for same week last year, 592.899. Total exports since September 1. 3,984,518; total exports same date last year, 5,024, 58.3. Stock at all United States ports, 923. 534; stock at all United Slates ports same time last year, 822,954. Stock at all interior towns, 697,713: stock at all Interior towns same time last year, 697,103. Stock at Liverpool same time last year, 940,000. Stock of American afloat for Great Brit ain same time last year, 258,000. Total Net Receipt*. New York. January 26.—The following are the total nek receipts of cotton at all ports since September Is Galveston 1,874.691, New Orleans 1,007,041, Mobile 187,420, Savannah 1,134.144, Charles ton 148,127, Wilmington 280,243, Norfolk 496,908, Baltimore 42,842, New York 1939, Boston 48,016, Newport News 10,677, Phil adelphia 3641, San Francisco 16.289. Bruns wick '123,619. Port Townsend 19.485, Pen sacola 106,961, Portland. Ore. 576. Pont Ar thur and Sabine Pass 72,830, Jacksonville 12,666, Eagle Pass, Tex. 2549. El Paso, Tex. 150; Laredo. Tex. 4049, minor ports 10,624. Total 5,606,487. New Orleans Cotton Market. New Orleans. January 26.—Spot cotton quiet and weak; sales. 2575 bales, including ! 1060 to arrive; delivered on contracts, 100; j quotations Mi lower; middling. II**. Futures opened steady and unchanged, but almost immediately a bear raid was inaugurated* combined with some selling of long cotton. With slight fluctuations, prices eased off gradually to the end of the session. The mark't elosed steady with net losses of 17tQ>20 points. New Orleans Cotton Futures. Open. High. I<ow. Close. January . 11.34 11.33 11.23 11.14 February . 11.42 11.42 11.17 11.18 March . 11.55 11.56 11.34 11.38 April . 11.60 11.60 11.41 11.43 May . I 1.69 I 1.70 I 1.47 I 1.51 June . I 1.73 I 1.73 I 1.53 I 1.55 July . H.77 II .77 1159 11.69 Now Orleans. January 26.—Spot cotton closed quiet; sal's, 2675; ordinary. 8 11-16; good ordinary, 975; low middling. 10*5; middling. 11*4; good middling. 11**; mid dling fair, 121-16; receipts, 3420; stock. 317,763. Heater’s Weekly Cotton Statement. New Orleans, January 26,— Secretary Hester's weekly New Orleans cotton ex change statement. IsHued before the elope of business today, shows a decrease In the movement Into sight compared with the seven days ending tills date last year 111 round numbers 20,000, a decrease under the same days year before last of 81,000, and a decrease under the same time In 1903 of 89,000. For the twenty-six days of January the totals show a decrease under last year of 5(00, a decrease under the same period I year before last of 192,000, and a decrease ; under the same game time in 1903 of 275, 000. i For the 148 dttys of the season that have elapsed the aggregate Is behind the I48 I days of last year 1,034,000, behind the same I days year before last 121,000, and behind 1903 by 2000. The amount brought into sight during the past week has been 18,656 hales, against 201,363 for the seven days ending tills date last year. 212,786 year before last and 270,968 same time in 1903; and for the twenty-six days of January it has been 76U.S80, against 766,258 last year, 968,175 year h< fore last and 1,085,608 same time lie 1903. The movement since September 1 shows receipts at all United States ports 5,606, 187, against 6.711,414 last year, 5.906,206 year before last and 5.693.933 same time in 1903. | Overland across the Mississippi, Ohio and I Potomac rivers to northern mills and Can ada, 494,538, against 617,006 last year, 869, 1 663 year before last and 717,469 same time I 111 1903; interior stocks in excess of those, held at the close of the commercial year i 66] 262, against 592.201 last year, 382,906 ' year before last and 379.022 same time In ! 1903; southern mills takings 1,102,000, against 1,078,14) last year, 986.430 year be fore last and 975,991 same time 111 1903. These make the total movement for the 143 dais of the season from Septomlior 1 to date 7,764,687. against 8,79.8,792 last year, 7,886,297 year beforo last and 7,786,420 same time in 1908, Foreign exports for the week have been 83 714. against 164.070 last year, making the total thus far for the season 4,036.200, I against 6,033,225 last year a decrease of 998,025. Northern mills takings and Canada dur ing the past seven days show an In crease of 17,fW2 ss compared wit It the cor responding period last year, and their total takings since September 1 have In creased 81,791. The total takings of Amer ican mills, north, south and Canada, thus far for the* season have been 2.556,823, against 2,417,565 last year. These Include 1,438,702 by northern spinners, against l',35c!ui. „ , , Stocks at the seaboard and the 29 lead ing southern Interior centers have de reused during the week 9393 bales, against a decrease during the corresponding period last season of 50.242 and are now 137’,16 greater than at this date in 1995. I Including stocks left over at ports and 1 Interior towns from the last crop and toe ' number ef bales brought Into sight thus , far from the new crop, the supply to date In 8.208.818. against 8,960,759 for the same period Uu*t year. World’s Visible Supply. New Orleans. January 28.—Secretary Hester's statement of the world's visible supply of cotton made up from special cable and telegraphic advices compares the figures of this week with laat week, l ist year and the year before. It shows-a decrease for the week just closed of 62. 223 against an Increase of 12.681 last year, and a decrease of 68,767 year before l&Ht The total visible Is 5.303.208, against 5 425,431 last week, 4,076.784 last year and 3 iyr» 21/* .-ear before last. Of that the total of American cotton Is 3,906.208 against 4. 042 43i last week. 3.632.786 last year and 3 068 202 year before last, and of all other kind's. Including Egypt. Brazil. India, etc.. 1 *58 000 against 1,383.060 last week, 894.1*1) last year and 804.000 year before last. Tim total world's visible supply of rot ton as above shows a decrease compared With last week of 62.223; an lncreasa com WARRANT WAREHOUSE CO. THIRTY-FIFTH ST. AND AVE, A., ’PIk a 1036. BIRMINGHAM, ALA. Best Protection, 'nsurance 5c per $193 Monthly. Sprinkled Fire-proof Stores. Negotiate Loans 01 Commodities Stored. General Warehouse , _ , Uptown Office 311 men and Forward- Woodward Building ing Agents. Both Phones 928. Bonds of the State of Alabama for Sale We offer Alabama Renewal C, 3 1-3 per cent Bonds in small or large blocks. Price on application to our Stocks and Bonds Department. Citizens Savings Bank 2003 First Avenue pared with last year of 786.422, and an in crease compared 'with year before last of 1,441,006. Of tho world's visible supply of cotton as above there Is now afloat and held In Great Britain and continental Europe, 2. 702.000, against 2.465,000 last year and 2. 177.000 year before last: In Egypt, 207,000. against 202,000 last year and 248,000 year be fore last: In India. 87,000. against 415,000 last year and 304.000 year before last ; and 111 the United States. 1.447.000 against 1. 492.000 last year and 1.193,000 year before last. Taking of American Cotton. New Orleans, January 26.—Secretary Hester gives the taking of American cot ton by spinners throughout the world us follows, in round numbers: This week, 316,000, tills year against 215, 000 last year, 307.000 year before last. Total since September 1, this year 6, 499.000, against 5,582.000 last year, and 5,- j 344.000 the year before. Of this northern spinners and Canada took, 1,439.000 bales this year, against 1, 357.000 last year* and 1,412,000 the year before; southern spinners, 1.118,000, against 1.091.000 last year, and 1,001,000 the year before; and foreign spinners, 2,942,000, i against 3,134.000 last year, and 2.931.000 , the year before. Liverpool Cotton Market. Liverpool, January 20.—Cotton, spot, good business doing; prices 3 points higher. American middling fair, 6.67; good middling, 6.33; middling, 6.17; low mid dling, 6.01; good ordinary, 5.83; ordinary, 6.67. Sales 12,000; receipts 14,000. Futures opened steady and closed quiet. American middling g. o. c.: January, 6.02; Jan uary-February, 6.02; February-Muroh, 6.02; March-Aprll, 6.06; April-May, 6.08; May-June, 0.10; June-July, 6.11; July-Au gust, 6,12; August-September, 6.06; Bop tember-October, 5.81; Ootober-November, 6.74; November-Deceinber, 6.71. Dry Goods. New York, January 26. -Tho dry goods market today showed a moderate increase of activity in the primary as well as Job bing market. The movement was of fair volume and at full prices in the major ity of lines. Some complaints at advances were reported, but buyers as a rule paid the market prices. Loveman dL Co.’s Market Letter. The market acted very disappointingly today. On a fuirly good Liverpool opening prices were unchanged to 1 point down. iCarly In the day. decided weakness de veloped on the report that f. o. b. cotton was soiling on a cheaper basis and 'that local spot market was Vic lower. Longs liquidated freely and the main support accorded the market was by shorts cover ; ing on tile decline. I>urlng the early after noon session, the market steadied up somewhat only to meet with renewed sell ing which carried prices us low as 11.34 for March. A New York dispatch stating that Clattin & Co. denied the report that there had been any cut in dry goods and that they look for higher prices soon, had a slightly strengthening effect before the close, which was steady at a not decline for the day of 17 to J9 points. .Spots were officially reported quiet and Vi lower on 1 all grades. Sales amounted to. 1625 bales of spots and 1060 bales to arrive on basis of 11;>» for middling, 100 baits were de livered on contract. Bulls failed to follow up their advantage of the day before. The good spot demand reported in Liverpool was apparently not rellected on this side j and the market lacked support both from i local bulls and the outside public. Mis- ( leading reports as to f. o. b. quotations l and to the state of dry goods market were* j circulated, and subsequently denied In a | most emphatic manner. Hester's weekly statement made a bullish showing, bu-t had evidently been discounted as the mar ket eased off as soon as tlie figures were announced. In fact, it looked as if most operators needed only an excuse to sell on. Bearish sentiment has Increased, and unless tbe Lull forces get together and support the market vigorously, the selling movement may attain such proportions a-s to bring on a serious break. Should the market hold steady for a few days no doubt a good spot demand would spring up and the largo short interest which has been established since the cen- ! stis report came out, /night thereby be i induced to cover freely. As long as the market lacks support, however, we ex pect to see the short interest added to. Gibert & Clay’s Market Letter. This morning's Liverpool opening was decidedly steady at an advance of 4 point* but In t’he absence of decided support, options eased oft* a little and closed quiet at 2 points over yesterday’s prices. Good demand for spots and a corresponding business done seemed to b»* the market’s Chief support, and though actual sales were not as large ns reported in the last day or hi» they were nevertheless above the average, being 12.000 at an advance of .1 points. These largo sales are hi reality the market’s chief source of sup port, for they reflect not only the spin ners* need for the row material, but like wise his willingness to supply his wants ' on a. more liberal basis. doubtless in an ticipation of ‘higher prices. The demand for cloths In Manchester good; yarns quiet, but firm. The ease with which prices wore away in our markets this morning was some what disappointing, when we recall th»* resisting strength displayed yesterday. The Inclination to sell at any ami all times displayed yesterday helped the ije cline. Hut even then in the absence of any absorbing power, the decline while easy, was gradual. This general liquida tion seems to have been fired by the ru mor that a prominent dry goods house In the cast had reduced the price of goods. While this report was strenuously i denied later in the day, It necessarily hail a depressing influence upon the market already susceptible in t*he extreme. There Is certainly nothing In the crop movement to date to warrant any fears of a pessimistic order, for the flgnres given out today still show the movement to be gradually decreasing and in com parison with the totals of the short crop year before last, this year shows a de crease of approximately 120.000 bales, th** insight for this week being only 181.056. As long as the market displays Its present nervous and erratic temperament and In the absence of an improved spot situation, it seems hardly probable that any marked , betterment of conditions will prevaiL THE LOCAL MARKETS Local Cotton Market. Good middling . lit* Strict middling . 31 idi Middling . 11 Strict low middling . 10»'« 1.0w middling . 101* Local Iron Market. IF .. 2F .. . 8F. M 00 Grey Forge . 13.60 IS.M °® ..M.50 Mottled. ... 13.60 Local Securities. (Corrected by J. M. Caldwell it Co, Bell phone 2244.) Bids. Asked Ala. Consolidated, com. 75 80 Ala. Consolidated, pfd.95 98 Ala. Steel & Wire, pfd. it com..160 Am Trust & Savings Bank.290 Atlanta and B’ham ins. Co. 8 It Avondale Land Co...100 • Avondale Mills. 100 ••• B’ham Ice Factory ..140 ... B’ham Realty Co., com.310 B"ham Realty Co., pfd.80 90 B’ham R., L. & P. Co., com. 93 96 B’ham L. A P. Co., pfd.103 205 B’ham Trust and Having Co....200 260 Bessemer C. I. & L. Co. 29 35 Citizens Sa. B’k & Trust Co.115 125 Dlmmlck Pipe Co.96 101 East Lake Land Co. 40 46 Ensley Land Co. 6 7 First National Bank .275 300 First National of Ensley .125 160 Georgia Ry. Elec. Co. com.96 100 Georgia Ry. Elec. Co., pfd. 94 98 Gray A Dudley Hardware Co....108 111 Hotel Hilrman . 95 105 Jefferson County Havings Bank.200 250 Nashville Railway, com.6t 53 Nashville Railway, pfd . 88 90 North Birmingham I And Co.... 43 55 People's Savings Bank .125 150 Traders' National Bank .100 101 Bonds. Ala. Consolidated, 5s .92 94 Air. Steel Sr Shipbuilding Co....108 108 Alabama State Bonds— C lass A .100 101 Class B ..100 101 Class C renewal 3*6.100 104 Funding 4s .106 109 B'ham Realty 5s .100 • B’ham Ry. and Elec. Co., .105 108 B’ham Ry., L. A P. Co.106 108 B’ham R., L. &. P. Co. 4V4s. 92 94 B'ham Water Works Co.110 112 City of Birmingham 5s.102 106 City of Birmingham 6s .Ill 111 Continental Gin Co.100 Country Club 6s . 65 75 Georgia Ry. and Elec. Co.100 108 Jefferson County Honda— Four and a halfs .103 101 Fives .107 110 Sixes .117 123 Nashville Railway 5s . 99 101 Southern Club 6s .100 • Sloss I. and St. first mort.112 115 Sloes I. and St. gen mort. 97 96 Tennessee Coal and Iron Co. General mortgage .100 101 Tennessee division .lf 113 Birmingham division .108 111 Cahaba division .100 103 DeBardeleben division ........104 108 Williamson Iron Co.100 • •—Call for redemption Jar nary 1. 1901 Local Staple Groceries. Sugar—Granulated, 6c; Y. C.. 4 l-4c. Flour—Fancy patent, $5.25; standard patent, $5; straight. $4.50. Coffee—Green. 1l&!3c; Arbuckle’s, $15.55; Porto Rico, $15.55. Meat—Dry wilted ribs, 8c; dry salted rib bellies, 87/sc; extra clear, 8c; hams, fancy, 18c; medium. 12V6c; becon belliee, California hams, 9%c. Lard—Lear, 8‘/fee. Compound lard. 6*4c. Molasses—Centrifugal, 90$86o; sugar house, 40r; Georgia cane, 84c. Beans—Navy $2.25 per bushel; hand picked Lima, 6%c. Grits—92 pounds, $1.65. Meal. $1.15. Birmingham macaroni, 7^c. Feed Stuff. Corn—No. 8 mixed or white, 2 or I bushel sacks. *6c. Oats—No. 2 mixed. 40c; No. 2 white, 43o| white clip, 46c. Pure wheat brand. 80 or 100, 224. Cotton seed feed meal, 224; prime, 220, Corn chops, $1 16. Corn hearts, 21.10. Hhorts, 100 pounds. 224. Hulls, sack, 80©35c. •Hay—Choice tlfnothy, 218.50; No. 1 timo thy, 21650; Johnson grass, 212; clover. 21& Hides and Wool. O. S, hides, 10'.italic. Dry (lint hides. No. 1, l»c. Dry flint hides, No. 1, 18c. Dry salt hides, ..o. 1, 17c. Dry salt hides. No. 2. 16®18c. Clear washed wool. 38@40c. t'nwashed wool. 27®29c. Sheep skins. 25®27c. Tallow, 404 Pic, Fruits and Produce. Demons—Per box, extra fancy. 25.50# 4.00. Florida oranges, 22 2602.50: tangerine* 23 0004.00; grape fruit, 23.5004.00. Apples Northern grown, per barrel. fancy, 2‘p06.5O. Tomatoes Per crate, 22.0002.60. Limes Per 100, 21 2S. Bananas—Per bunch. Fancy stock, 21.00 ©1.50 hunch. Peanuts—Fancy, per pound. 6t4c; No. I 60 5'/4c. Sweet Potatoes—Yellow yams, 85c. Cranberries—Per crate, 24.50. Celery—Per dozen. 75c; per crate. 24 25. Cabbage—2c per pound; new crop Flor ida cabbage, 12 per crate. Lettuce—New crop, per crate, 22.50. Potatoes—Irish potatoes. 95c. Turkeys, dressed, 18020c; on foot, 10 015c. Eggs—Per dozen, fresh. 24c. FOR SALE American Trust A Sav. Bank Stock. Commercial State Bank Stock. STOCK AND BOND DEPARTMENT CITIZENS SAVINGS BANK ‘4003 First Avenue