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IN SHORE SESSION Well Centered Bear Attack Made on Market OUTLOOK IS NOT SO GOOD Bank Statement Proved More Favor able Than Expected, Only Norr)inal Inroad Being Made On the Surplus. New York, February 17.—Severe de clines resulted from the active trading of the two hour session today. The selling Was made up of heavy speculative liquida tion combined witli a well centered bear attack on the market which was accred ited to the generalship of a veteran professional operator with the prestige of many successful bear campaigns in the past. The market evidently was propitious for the success of the attack. The re newed decline of this week had brought prices back to the neighborhood reached in the decline in January. A fall below this level was bound to have the effect of dislodging speculative holdings which •were retained through that decline. Added to this feature of the weakness of the technical position of the market the feeling of discouragement over the speculative outlook which has been gain ing force steadily with the perception of the persistent drop in prices, the action of : tlie market finds sufficient explanation without reference to the news or events having any more substantial bearing on values. The bank statement proved more favorable than expected. Only a nominal inroad was made on the surplus which It was feared might be wiped out. The loss in cash was only about half of what was indicated by the known movements of money for the week. The principal Interest attached to the loan item and the contraction reported of $9.614>,tiUO was in contrast with the fears that the heavy bond flotations of the week must have caused a large expansion of banking credits. The statement of the country's foreign trade for January published today shows the large resources at command In the foreign market values for ex ports over Imports. Total sales of bonds par value $1,390,000. Confidence in the existing level of prices of securities have suffered impairment FOSTER*Co No. 9 First National Bank Bldg. STOCKS — COTTON—GRAIN. The Odell Stock and Grain Co., Incorporated capital $250,000. BELL PHONE 1207. WARE ft LELAND Cotton, Grain, Provisions, Stocks, Bonds. -round Floor Woodward Building. Both Telephones, 1145. Members— New York Cotton Exchange, New York Coffee Exchange, New Orleans Cotton Exchange, Liverpool Cottor. Association, Chicago Board of Trade. PRIVATE WIRES TO New York, Chicago, New Orleans. C. H. COTHRAN, Manager. - -------;■_ __-4 LOVEMAN ft CO. COTTON, STOCKS. BONDS. GRAIN and PROVISIONS. 119 N. 20th St. Both Telephones 61. Private Wires to All Exchanges. MEMBERS OF— New York Cotton Exchange, New Orleans Cotton Exchange. j Chicago Board of Trade. CORRESPONDENTS— Miller & Co., New York and New Orleans. Members New York 8tock Exchange. Correspondence Soil filed. OTTO MARX & CO. BANKERS AND BROKERS. STOCKS, BONDS AND MORTGAGE LOANS. Ground Floor, First National Bank Building. J.M. CALDWELL & GO. (Successors to Caldwell & Ward.) BANKERS AND BROKERS. STOCKS AND BONDS. Suite -19 1st National Bank Bldg. Bell Phone 2244. MORTGAGE LOANS. Place your mortgage loans direct wil,. the United States Mortgage and Trust Co. of New York. Capital, sun. plus and undevided profits over $5,000, COO. Interest rate the lowest. C. GAZZAM, Agent. 836 First National Bank Building. STEINER BROS. BANKERS Investment securities bought and sold. Loans negotiated on real estate at lowest rate of interest. GIBERT ft CLAY Cotton, Stocks, Bonds, Grain and Provisions, Members of N- Y. Stock Exchange N- Y- and N. O- Cotton Exchanges and other Leading Exchanges. DIRECT PRIVATE WIRES ^1923 hi Ave. W. L. Sims, Mgr. CLOSING STOCK LIST. _ Sales. High. Low. Close. Adams Express, . 247 Amal. Copper . 84800 112 IIO's 110** Am. Car & Fdy. 2500 43'a 42** 42 = 4 do. pfd. 101 Am. Cotton Oil.. 2000 35*2 35 3444 do. pfd. 92 Am. Express. 230 A. H. & L. pfd. 37 Amor Ice. 800 447* 44'* 44'* I Am. Lin. Oil. 23'/4 do. pfd. 45*2 Am Locomotive. 4700 72 70'/4 7144 do, pfd. !00 I 16 116 I 1 S' 2 Am. Smelt Rfg..50600 164*2 161'/4 163 do. pfd. 800 124 123 123 Am. Sug. Rfg ... 3600 141'/* 140 l40'/4 Am. Tob. pfd.... 500 106 10444 104*8 Ana. Min. Co 22000 276'/4 270V2 273 Atchison.15900 90 89 89 do. pfd. 100 103 103 103 A. C. L. 1200 160 160 1591/2 Balt. & Ohio.... 4000 IIO'/4 109'* I09*s do. pfd. 97 Brk. Rpd Tran. 17500 81 7812 79',* Can. Pacific. 9200 17172 17044 171 '2 C. of N. J.'.. 215 Ches. & Ohio.... 4300 564s 55'/4 5542 C. and A. 200 31 30 '/* 30 do. pfd. 75 C. G. W. 1800 20/4 21 21 C. and N. 200 230 230 230 C„ M. & St. P..21300 181 1784-4 17912 C. T. & T. 100 16 16 154/4 do. pfd. 100 36 36 36 C. C. C. & St. L. 100 IOO'/4 100'/4 100 Colo. F. (t I....26500 6472 60 62'/4 Colo. & Sou. 3800 33 1/4 32'2 32*4 do. 1st pfd. 400 72'/* 72 721/4 do. 2nd pfd.... 3400 61'/* 80'/* 50'/* Consol. Gas. 1000 1764-4 175'/* 175 Corn Products... 1000 18 1744 1742 do. pfd. 200 56'/* 56'* 56'2 Del. & Hud. 300 209 207 208 D. , L. & W. 100 460 460 450 D. & R. G. 8300 447* 431/a 431/, do. pfd. 2200 881* 88 88 Distillers Sec.... 3900 55 53 53 Erie.18800 434-4 42'/2 423* do. 1st pfd. 800 777* 77'2 771-4 do. 2nd pfd.... 1100 71 7044 70 Gen- Elec. 2200 171 170 16944 Hocking Valley. 115 Illinois Central... 400 17244 172'/* 17144 Inter. Paper.... 900 22 22 22 do- Pfd. 300 8444 84 84'/* Inter. Pump. 33 Td°-pf(i.::::: 8o Iowa Central. ,, do. pfd.;;;;; ;;;;;; 33 K. C. Southern.. 1600 3144 303.4 3(m do. pfd. 300 61'/2 601/2 604-4 LouIb. & Nash... 7600 148 I46VS 14672 Manhattan L.... 1000 15912 l58'/2 158'/* Metro. Sec.../... 1200 70 69/4 6974 Sales. High. Low Close. Met. St. Rv. 2900 11814 116*4 1161a Mex. Central.... 4300 24'a 23>» 23** Minn. & St. L.. 100 75 75 74 Minn.. St. P. & Ste. .. 1521,4 do. pfd. '73 Missouri Pacific. #300 991* #8'a 99's M„ K. & T. 3800 34'a 33*4 34's do. pfd. 1000 69 la 681 a 68 National I^ead... 3200 85'a 83 83'a Nat. R. R. of Mexico pfd. *714 N. Y. Central.... 8800 14914 147 147** N. Y. U & W... 2200 51 5014 5014 Nor. & Wes. 2300 87 la 87 87 do. pfd. 90 N. American. 3600 10074 99-*4 I00»4 Pacific Mail. 300 47 4634 46*4 Pennsylvania ...18000 1391a 1383s 138*4 People's Gas. 1600 98*4 98 98'a P. C. C. & St. L. 100 81 81 80 Pr'd. Steel Car.. 4900 60 5814 5814 do. pfd. 100 10014 100'4 IOO'/4 Pull. Pal. Car. 238 Reading.69800 13714 13434 134*4 do. 1st pfd. 9414 do. 2nd pfd. 99 Republic Steel... 1600 3274 32 32'/e do. pfd. 1400 108 105 10414 R. I. Co. 3100 2534 2534 25*4 do. pfd. 300 6434 6434 6434 St. L. & San Fran. 2nd pfd. 200 4514 4514 45 St. L. S. W. 400 247/g 2434 2474 do. pfd. 500 5634 66 5614 Sou. Pacific.162006574 6474 6434 do. pfd. 100 11714 117'/a 11714 Southern Ry.37800 3834 3714 3734 do. pfd. 1000 9914 99 99 T. C. & 1. 500 15214 152 152 Texas & Pacific. 2200 3414 3334 33*4 T. . St. L. & W... 300 36 36 30'/4 do. pfd. 200 5474 5434 5414 Union Pacific... 141 500 152 14934 150 do. pfd. 9734 U. S. Express. 124 U. S. Rubber... 800 60>/* 4914 4914 do. pfd. 600 10914 10814 10814 U. S. Steel.134500 4174 4074 ( 4 H4 do. pfd.21400 10714 106 10634 Va. Car. Chem.. 400 4714 47 473* do. pfd. 114'4 Wabash. 800 2234 22 22 do. pfd. 1000 45 4414 4414 W.-F. Express. 230 West. Elec. 100 161 161 160 Western Union.. 300 9314 93 9314 W. & L. E. 400 1914 1914 1914 WIs. Central.... 300 2814 28 29 do. pfd. 200 57 56 571/4 N. Pacific.16000 22233 219 219 Cent*. Leather... 6000 4334 4134 4134 do. pfd. 100 1043/4 1043/4 102 Sloss-Sheftleld .. 400 8514 84 83 _ Lor in e cmy, ao/,*uv/ snares. tills week and a growing disposition to wards the retirement of speculative com mitments for a further advance has been the result. The movement has been active at times. For those who bought securi ties with the intention of selling and who relied on the fulfillment of the expected prosperity, the market has lacked ab sorbing powders. The reception by, the market of some of the events of the week offer examples of the feeling about the prices of stocks which have been brought about by the expectation of these events. The settle ment of the contest over copper properties in Montana was met by wide declines in the stocks affected. The same was true of the action of the Union Pacific direc tors in raising the dividend rate on that stock to 6 per cent. A comparison of some of the reports in circulation before these happenings with the actual results reveal a degree of exaggeration leaving room for much disappointment, on the part of previous buyers. But the market movement is attributed to the operation of the rule of speculative operators to sell on good news in order to realize their profits. Gross earnings for railroads for the first week of February show an increase over the corresponding week of last year aver aging near 26 per cent, and for December net earnings are upwards of 18 per cent over the preceding year. Exports in January reached a value far in excess of any preceding January in the country’s history. The action of the stock market, however, seems to register a conviction that these and other like showing have had their sufficient effect already on prices. In the monej' market, the efforts of past measures anticipating the future are also clearly marked. Enor mous sums were borrowed on time to car ry through the successful speculation of last fall when call loan rates went to 125 per cent without shaking the stock mar ket. Many of these loans are reaching their maturity at the present time, when it was expected money would be reasona bly very easy, with the return of currency from the circulation Into hank reserves. The volume offerings is estimated to have reached over $400,000,000 since the first of the year. Anxiety has arisen that the supply of capital will be overwhelmed at this rate of absorption which promises to continue according to reports into circulation of other capital issues in contemplation. A large tie up capital is feared and a possi ble displacement of other investments at the high prices ruling to supply resources for the new subscriptions. The conference to settle the coal miners* demands, the week’s outgo of gold, the possible damage to the wheat crop, the Moroccan conference, tlie legislative ac- | tivity against corporations and the large number of departures on vacations of men conspicuous in the financial world are some of the subjects for consideration in enhancing the spirit of conservatism In these speculations. Bonds have been rather heavy in face of large number of issues announced. United States 2s. and the old 4s advanced % per cent on call on the week. Bonds. IT. 8. refunding 2s, registered.l03'/4 U. S. refunding 2s. coupon.l03'/4 TT. S. 3s, registered ...l02f/2 U. S. 3s. coupon .102'/* U. 8. old 4s, registered.l03'/4 U. 8. old 4s. coupon.I03U U. 8. new 4s, registered .l29'/4 U. 8. new 4s. coupon .l29'/a Southern Railway 5s .118 Mobile and Ohio cer. 4s. 97l/s Money on Call. New York. February 17.—Money on call Arm; no loans; time loans firm; 60. 90 days and six months 5 1-2: prime mercantile paper 5 1-4: sterling exchange steady, with actual business In bankers' bills at 486.25® 486.35 for demand, ami at 482.7545 482.85 sixty day hills; posted rates 483. 1-2 454X1 and 4X7 1-2. Commercial bills 482 1-2473-4 : bar allver 66 1-2; Mexican dollars, 51 1-2: gov ernment and railroad bonds steady. Treasury Statement, Washington. February 17. — Today treasury balances, exclusive of the gold reserve, shows available cash balance of $148,381,086. Gold J74.959.9S9. Clearings and Exchange. Memphis. Term.. February 17.—Clearings^ $918,316; balances $141,355. New Orl“ans. February 17.—Clearing* $3,837,418. New York exchange *1 per JlouO premium: commercial 50c per $1,000 dis count. Coffee Market. New York. February 17.—The market Tor coffee futures opened steady at unchanged prices in the absence of important offer ings. hut eased off a partial 5 points dur ing the session under liquidation, rather larger Interior Santos receipts and some what disappointing cables. The market closed steady, net unchanged to 5 points | lower. There was considerable switching from March to later positions and the total sales were 75,000 hags. March, 6.70® 0.75: April. 6.89; May, 6.90*741.95: Septem ber.' 7.26*77.30; December. 7.45*17.50. Chicago 'Change. Chicago. February 17.—Bearish news from Argentina and India caused a fresh decline today in flip local wheat market. For the May delivery final quotation* j showed a net loss of 7-8. Corn and oats were each down 1-8. Provisions were a shade lower to 27 1-2 higher. The leading futures ranged as follows: Wheat— Open. ~High. I/'«■■ Close”. May . 831/a 83=4 82*4 82*4 July. 821/4 82'/4 81*4 8114 Corn May . 42*4 4314 4244 42*4 July ...... 43'/4 43'/* 4314 43'/4 Sept . 43*4 44 43=4 43*4 Oats— May . 29*4 29*4 29'4 29'4 July . 29 29'/4 2874 2874 Mess Pork May.16.70 15.90 15.70 15.80 July .15.50 15.80 16.40 15.45 Bard— May . 7.87'4 7 90 7.82<4 7.86 July . 7.971/* 8.00 7.9214 7.95 Short Ribs— May ...... 8.22'4 8.30 8.2214 8.27i/a July . 8.37'4 8.37'4 8.27'4 8.30 Cash quotations were as follows: Flour—Dull and easy. Wheat.—No. 2 spring. 82®84e; No. 3, 77® 79c; No. 2 red, 84%®85r. Corn—No. 2, 39%®%; No. 2 yellow, 39%@ 40o. Oats—No. 2. 29%c; No. 2 white, 31%®) 32%c; No. 3 white, 28%®30%c. Rye—No. 2, 63c. Barley—Qood feeding. 37%. Malting—Fair to choice, 40048c. Flax Seed—No. I, *1,07; No. 1 Northwes tern *1.12. I Timothy Seed—Prime. *3.36. Mess Pork—Per barrel, *15.50015.60. T.ard—Per 100 lbs., *7.72%®7.75. Short Ribs—Sides, (loose), *8.000*8.10. Dry Salted Shoulders, (boxed). Short Clear Sides—Roxed, *8.4808.55. Whisky—Basis of high wines, *1.28. Clover—Contract grade, *14.16. On the Produce Exchange today the but ter market was firm: cream 17027%; dairy 17®24%c; eggs weak, e. 1, 13%c; cheese steady, 11%®]3c. Metal Market. New York. February 17.—The metal mar kets were generally quiet and unchanged In the absence of cables. Spot tin Is quoted at *36036.20. Bake and electrolytic copper, *17.7o®18.50; costing, *email@example.com. Dead, dull, *firstname.lastname@example.org; spelter, *6.0606.15. Iron, unchanged. Live Stock Market. (Chicago. September 17.—Cattle receipts 300; steady; beeves, *3.7506.30; cows, *1.50 04.60; heifers, J2.4O08JIO; calves, *6.2508.25; good prime, *5.4006.35; poor to medium, $3.70(^6.35. Hog receipts 18,000; 10c higher; mixed and butchers. *5.950:6.25; good heavy, S6.10 00.22'4; rough heavy, *5.9506.05, ’pigs J.).t,0®6.06; bulk, *6.1003.16. Sheep receipts 2000; strong; sheep, *3.500) 5.75; yearlings, *5.7506.60; lambs, *5.25® 7.3o. Naval Stores. Savannah, February J7—Turpentine firm at 69c; sales. 61; receipts. 129; shipments. 1613. Rosin flrm; sales, 1127; receipts, 2687; shipments, 2177; stock, 61,124. Quote: a! B, C, D, E, F, $3.85; G. $3.85; H, $4.16; I, $4.50; K, $5.16; M, $5.40; N, $5.90; window glass, $6.15; water white, $6.80. New Orleans. February 17.—Naval stores steady; pitch. $2.25; pine tar, $1.75; coal tar, $3.50. Rosin, per barrel of 280 pounds: A, B, C, D, $3.6503.70; E. $3.7o- F $3.70®3.72V4: G, $3.7003.75; H. $4.10; I,. $4.50; IC. $5.15; M, $5.40; N, $5.90; window glass, $6.10; water white, $6.20. Turpentine firm at 69c. Wilmington, February 17.-Spirits of tur pentlne flrm at 68c; receipts, 15. Rosin flrm at 3.60; receipts, 1001; tar firm at $1.80; receipts. 118. f’rtide turpentine llrm at $2.80, $1.50 and $1.50; receipts, 72. Cotton Seed Oil. New York. February 17.—Cotton seed oil steady- prime crude, f. o. b.. 24c: do yel low, 3iAi<fl34c. Memphis. February 17.—Cotton seed oil, prime crude. 25ifj35i<.c: prime summer yel low. 28',4c; prime meal, $25.00; prime cake, $24.50025.00. New Orleans. February 17.—Cotton seed oil steady; prime refined In barrels, 3014c; prime crude loose. 2514c. Manchester Cloth Market. Manchester. February 17.—There was a good Inquiry for cloth In the market this week and a number of orders were booked f*r future delivery at flrm prices. The Indian business comprised shirtings for | Madras, while Rangoon and Calcutta. < placed orders for light descriptions of cloth. The China business was small but the levant and South America took ouantjtles of fancy cloths. Printing cloths. Mexicans and T. cloths were all In good ! demand for export and home trade at firm j prices Yarn experienced a steady trade. American cops of the better sort sold freely. Some spinners occasionally ask rather higher prices which tends to check trade. Quotations were unchanged. Mrs. Winslow’s Soothina Syrup. The best remedy for DIARRHOEA. Sold j by druggists in every part of the world. I Be sure and ask for ‘Mrs. Winslow's ! Soothing Syrup." and take no other kind. Has been used for over FIFTY YEARS by MILLIONS OF MOTHERS for their CHILDREN WHILE TEETHING, with PERFECT SUCCESS. It SOOTHS the CHILD. SOFTENS th- GUMS. ALLAYS all PAIN. CURES WIND COLIC, and ta twenty-five cents a bottle. When 1t prints good. It 1a a good ouL The Gawk Engraving On. TRADING IS QUIET III COnON MARKET Higher Cables Cause Improve ment in Near Months FIGURES GREW BEARISH Representatives of Large Spot Inter ests Were Good Buyers of March and This Tended to Steady the Market. New York, February 17.—The cotton market opened steady at an advance of 3 points to a decline of 1 point. The im provement on near months whs due to the higher cables, while the market eased off as the call progressed and shortly after ward showed a net loss of about 2 points on active months as a result of a bearish week end statistics. Brokers believed to represent large spot interests were good buyers of March, however, and this tend ed to steady the market which rallied to about the opening figures during the mid dle of the morning. Trading was not ac tive. Receipts of cotton at the ports/today, la,488 bales, against 17,125 last week and 20.998 last year. For the week, estimated, 120,000 bales, against 133,002 last week and 115,833 last year. Today'rf receipts at New Orleans, 7417 bales, against 4354 last year and at Houston, 4121 bales, against 3490 last year. Spot cotton closed quiet; middling up lands, 11.25c; middling gulf, 11.50c; sales, 400 bales. Futures opened steady and closed bare ly steady. Quotations ranged ns follows: New York Cotton Futures. Open. High Bow. Close. February.x 10.72 . 10.61 March. 10.77 10.76 10.68 10 68 April. 10.77 May. 10.94 10.94 10.87 10.87 June. 10.98 10.98 10 95 10.91 July. 11.05 11.07 11.00 11.00 August. 10.93 10.93 10.92 10.87 September.*10.53 10.49 October. 1042 10.44 10.40 10.38 November. 10.47 . /. 10.42 December. 10.50 10.50 10.48 10.43 ♦—Bid. __ Dally Cotton Movement. Galveston—Firm; middling, 10%c; net receipts, 11,916; gross receipts, 11,916; sales, 1047; stock, 187,498; exports to France, 2015; coastwise, 743. New Orleans—Steady; middling, 10 11-16c; net receipts, 7474; gross receipts, 7474; sales 2150; stock, 306,264; exports to Great Britain, 24,479; to France, 7000; to the continent, 545. Mobile—Steady; middling, 10%o; net re ceipts, 100; gross receipts, 100; sales. 200; stock, 32,547. Savannah—Quiet; middling, 10^c; net receipts, 1313; gross receipts, 1313; sales, 467; stock, 73,879; exports coastwise, 2144. Charleston—Firm; middling, 10*£c; net receipts, 74; gross receipts, 74; stock, 33, 249. Wilmington—Steady; middling, 10^c; net receipts, 29; gross receipts, 29; stock, 1661. Norfolk—Quiet; middling, 11c; net re ceipts, 361; gross receipts, 361; stock, 36, 999; exports coastwise, 447. Baltimore—Nominal; middling, llVfcc; stock, 13,259. New Yfric—Qiilet; middling, 11.25c; gross receipts, 175; sales, 400; stock, 197,028; ex ports to Great Britain, 1769. , Boston—Quiet; middling, 11.25c; net re ceipts, 25; gross receipts, 2066. Philadelphia—Steady; middling. 11.50c; net receipts, 50; gross receipts, 54; stock, 3233; exports to Great Britain, 103. Jacksonville—Net receipts, 54; gross re ceipts. 54; exports coastwise, 54. Miscellaneous—Net receipts, 37; gross re ceipts, 37. Total today, at all ports: Net, 21,433; ex ports to Great Britain, 26,351; to France, 9015; to the continent, 545; stock, 886,856. Consolidated, at all ports: Net, 21,433; exports to Great Britain, 26,351; to France, 9015; to the continent, 646. Total since September 1, at all ports: Net, 6,020,317; exports to Great Britain, 2.046,889; to France, 565.957; to the conti nent, 1,681.252; to Japan, 53,047; to Mexi co, 2064. Interior Movement. Houston—Quiet; middling. lOTke; net re ceipts. 4121; gross receipts, 4121; ship ments, 4685; stock, 73.808. AuguHta—Quiet; middling, lie; net re ceipts, 635; gross receipts, 635; shipments, 452; sales, 227; stock, 81,214. Memphis—Steady; middling, 103*e; net receipts, 632; gross receipts, 1168: ship ments, 2172; sales, 650; stock, 114,898. Bt. Louis—Steady; middling, 10 15-16e; net receipts, 379; gross receipts, 3613; ship ments, 3623; stock, 43,774. Cincinnati—Net receipts. 765; gross re ceipts, 765; shipments, 169; salcB, 300; stock. 15,945. Louisville— Firm; middling, 11%r. Total today—Net receipts, 6592; gross re ceipts, 10.292: shipments, 11,101; sales, 1177; stock. 329,639. New Orleans Cotton Market. Sew Orleans, February 17.—Spot cotton quiet. Sales. 22(9) bales, Including 550 to arrive and 500 t o. b. Quotations un changed; middling, 10 ll-16c. Futures opened with the active posi tions 2 points off. The market was quiet and featureless. The trailing continued very light with scarcely enough doing to make quotations. The closing was easy, the list showing net losses of 2 to 3 points. New Orleans Cotton Futures. Open. High. how. Close. February . *10 60 10 64 10.60 10.63 March. 10.77 10.82 10.76 10.76 April . 10.85 10.85 10.84 10.84 May . 10.96 11.01 10.95 10.95 June. 11.01 11.01 11.00 11.00 July. 11.07 11.13 11.07 11.07 October. 10.34 10.34 10.29 10.29 December.’.. 10.33 10.32 10.33 •-Bid. New Orleans. February 17.—Cotton quiet and steady; sales, 2200. Ordinary, 7 15-lfi.-; good ordinary. 9'ic; inw middling, lOtfce; middling. 10 ll-!Sc; good middling, I] l-ific; middling fair, IIV. Receipts, 7171; stock, 306.254. Liverpool Cotton Market. Liverpool. February 17.—Cotton in lair demand; prices 3 points lower; American middling fair. 0.38; good middling. 6.04; middling, 5.99; low middling, 5.72: good or dinary, 5.54; ordinary, 5,38. The sales of the day were .8000 hales, of which 1000 were for specuiatisn and ex port and Included 71X9) American. Ft— ceipts, 1200 bales, all American. Futures opened quiet and steady and closed Arm. American middling, G. O. c.: February, 5.70: February-Mareh, 5.76; March-April. 5.77: Aprll-Mgy,. 5.80; Mav June, 5.83: June-July, 5.85; July-August, 5.86; August-September, 5.82; Seplenihrr Oetoher, 5.67; October-November, 5.63; No vember-December, 5.62. Dry Goods. New York. Fehrunry 17. —Buying in the dry goods market today was influenced to a certain extent by the presence of the port buyer. While jobbers were Increas ingly busy. Loveman & Co.'s Market Letter. In view of the bearish nature of the visible supply statement, issued late yes terday afternoon. Liverpool wras surpris ingly good today, closing firm at an ad vance of two points on the old crop and four points on the new crop positions. Our market failed to respond at the opening to the optimistic note sounded by Liver pool, initial prices being two paints under yesterday's dosing. Subsequently, how ever. there was some fresh buying, which carried prices as high as 11.01 for May. At this level, week-end liquidation on rather a large scale, and the market gradually eased off until May sold as low as 10.35. There was a slight recovery af terwards on shorts covering, but prices ag;iin weakened before the close, which was steady at a n«t loss for the half day of two to three points. Spots wfere of ficially reported quiet And steady, at un changed quotations. Sales amounted to 11*50 bales of spots and 560 hales of to ar rive. on the basis of 10.11-16 for middling. There were no deliveries on contract. The week In cotton closes with a distinctly good undertone in evidence In all three of the lending markets. Notwithstanding an almost entire absence of outside specula tive support, values have been w’ell main tained, the market at times showing re markable recuperative powers. The developments of the past w’eek have conclusively proven that cotton can bull itself. General sentiment Is not near so pessimistic hs was the case a short while back, and as soon as we enter the period of bearish comparisons, now near at hand, speculative activity on the long side may revive. We believe cotton is a pur chase on all weak spots. Ware & Leland's Market Letter. The visible supply statement being rather disappointing, and feeling here so pronouncedly bearish, a break was looked for in Liverpool this morning. To tlie surprise of many futures closed there two higher. It must he that in Liverpool the same market conditions exist as over here, namely, that long interests are well liquidated, and one bear waiting for the other to sell it down for him. Tt is this condition which makes the leading New York talent work for a tem porary upturn, and the steadiness of Liv erpool fits well Into the program. With this week we have the last of bearish comparisons behind ns. and against a rap idly Increasing movement last year, there are signs offexhnustlon showing up every where. Professional scalpers sold the market here around the opening, but ran quick when New York did not follow. As with the elimination of the general speculative long Interest, sentimental bear I selling must help out shorts, the risk for shorts has Increased considerably, and any little disappointment during the planting season can give the market a good bull turn once more. Caution on I he short side advisable, and buying on good depressions preferable. Spots quiet and steady; some business. Buyers tell us that offerings are light, and that it is hard to buy cotton. Interior markets report more inquiry. Good cotton getting scarce. Gibert <t Clay’s Market Letter. Liverpool seemed to regret the forced depression of values on yesterday’s close by more than making amends in yester day’s range of prices. Spot sales today. 8000, against 8000 yesterday were Increased later to 10,000. New Orleans market seemed to be drlft In a long with the tide, nothing of any Importance has occurred or is likely to occur in the near future to shake it out of the rut into whldh It has worn Itself. Not even the failure of the visible supply statement to show the expected decrease seems to have any effect, and It is more than probable that some information of a revolutionary type must be forthcoming before any improvement or any further declines are to be noted. As It stands now. there is a marked improvement In the undertone, which being of itself of in sufficient Importance to lift values in any considerable manner, nevertheless de notes the temper of the trade. Cotton of superior grades Is eagerly sought, but such types as these, are very scarce, consequently transactions are lim ited in volume. Whether or not the hold- ! Ings of the interior represent a large per cent of this class of cotton is merely a matter of eonjecture, but there is no fa vored Inclination to look for support from this source yet. And when conditions such as are existing at present are taken into consideration, with the temper of the j trade showing such a decided disincllna- j tion to follow news of a favorable char- j acter, or to the contrary, It seems more ' than probable that the tactics which we I have always advised should be continued, for speculation being non-existent, scalp ing operations relentlessly rule. THE LOCAL MARKETS The receipts nf cotton in the Birming ham cotton market yesterday amounted to practically none. The prices were un changed over the preceding day and good middling closed at 10% cents. In the produce market the shipments yesterday were very small on account of it being Saturday. The local sales, how ever, were very good, cabbage and orRnges being unu»ual|y slrongl The quotations are practically unchanged. Local Cotton Market. Good middling . lfl%o Strict middling .10I4o Middling .10%c Strict low middling .10%c Tjow middling . 93ic Local Iron Market. IF ..MS.00 2F . 14.50 .. 14.00 Grey Forge . 18.50 IS. 15.00 .. 14.50 Mottled.13.5* Local Securities. (Corrected by J. M. Caldwell ft Ce. Bell phone 2244.) Bids. Asked Ala. Consolidated, com. 73 80 Ala. Consolidated, pfd.... . 93 98 Ala. Steel*& Wire, ptd Ik com.. 150 Am. Trust & Savings Bank....280 295 Atlanta and B’ham Ins. Co. 8 10 Avondale Band Co.100 Avondale Mills .103 B'ham Ice Factory .140 B'ham Realty Co., com.120 B'ham Realty Co., pfd..SO 90 B'ham It., B. & P. Co., com.... 92 95 B'ham H., B. & P. Co., pfd.104 105 B'ham Trust and Saving Co....200 230 Bessemer C. I. & B. Co...... 2.8 33 Citizens 9a. ll'k & Trust Co.115 125 Dlmmick Pipe Co.*0 101 East Bake I.and Co...75 Ensley Bond Co. 5 7 First National hank .273 3(8( First National of Ensley .125 150 Georgia Ry. Elec. Co., com.... 98 100 Georgia Ry. Klee. Co., pfd. 92 95 Gray * Dudley Hardware Co ...10% 111 Hotel Hillman .100 Jefferson County Savings Bank,225 Nashville Railway, com. 49 51 Nashville Railway, pfd. 85 88 North Birmingham Iaind Col- 17 53 People’s Savings Bank .135 150 Traders' National bank.100 103 Bonds. Ala. Consolidated. 5s . 92 94 Ala. Steel & Shipbuilding Co....104 107 Alabama State Bonds— Class A .*00 101 Oass B .190 101 Class C renewal 3\i.lfd 104 Funding 4s .10* 109 j B'ham Ry. and Elec. Co.10., 108 1 B'ham Ry.. B. & P- Co.198 110 1 B ham I!.. B. * P. Co.'s 4%s.... 94 95 j B'ham Water Works Co.B0 113 City of Birmingham 5s.102 105 ■ City nf Birmingham Is .P' 118 Continental Gin Co.100 Country Club *« . ,2 .2 Georgia Ry. and Elec Co.100 108 Jefferson County Bonds— Four and a halls ..........103 107 WARRANT WAREHOUSE CO. THIRTY-FIFTH ST. AND AVE. A., 'F . 1036. BlRMINGHAM, ALA. Best Protection, ‘nsurance5c per $J1) Monthly. Sprinkled Fire-proof Stores. Negotiate Loans on Commodities Store! Genera! Warehouse . r„ . Uptown Office Jll men and Forward- Woodward Building ing Agents. Both Phones 928. I ————— FIRST NATIONAL BANK OF BIRMINGHAM, ALA. STATEMENT JANUARY 29tto, 1906 RESOURCES. I.oans and Discounts.*5,410,160.05 | Overdrafts. 705.2/ I U. S. Bonds and Premiums 1,081.000.00 Other Stocks and Bonds.. 169,392.50 CASH— In Vault_* 687,565.90 With Banks 2,025,977.71 With U. S. Treas_ 63,799.30— 2,777,342,91 *9,438,600.73 LIABILITIES. Capital Stock.*1,000,000.00 Surplus and Profits. 495,407.02 Circulation.1,000,000.00 DEPOSITS— Individual . .*5,800,236.80 Bank . 1,092,956.91 U. S. 50,000.00— 6,943,193.71 *9,438,600.73 JEFFERSON COUNTY SAVINGS BANK. (20 YEARS OLD.) BIRMINGHAM, ALA. Mill ■ II C. r. BNSl BN, President. CHARLES E. THOMAS. V .;e President. E. F. EN8LEN, Cashier. WILLIAM C. STERRETT. Assistant Cashier. V. E. WERTHEIMER. Assistant Cashier, E. K. CAMPBELL, Attorney. CAPITAL $100,000.00 SURPLUS $115,000.00 RESOURCES $1,200,000.00 Accounts of merchants, manufact urers. and Individuals invited. Interest allowed on special time and savings deposits. Fives .107 110 Sixes .117 122 Nashville Railway 5s .... 99 101 Sloes 1 and St. first mort.110 113 Slogs 1. and St. gen. mort..^j..91 95 Tennessee Coal and Iron (Jo.— General mortgage .100 101 Tennessee division .V 112 Birmingham division .108 111 Cahaba division .100 108 D*Barde!eben division .104 103 Local Staple Groceries. Sugar—Granulated, 5c; Y. C.. * l-4c. Flour—Fancy patent, $5.75; standard patent, $5.25; straight. $5. Coffee—Green, ll(rtl3c; Arbuckle’s, $15.55; Porto Rico, $15.55. Meat—Dry salted ribs, Rc; dry salted rib bellies, 87/«c; extra clear. 8c; hams, fancy, 13%c; mediums. 12Hc; bacon bellies, llHc; California hams. 9%c. Lard—Leaf. 8%c; compound lard, 6%<3>7c. Molasses—Centrifugal. 30 35c; sugar house 40c; Georgia cane, 34c. Beans—Navy $2.26 per bushel; hand picked Lima, 7c. Grits—92 pounds. $1.65. Meal—"Jim Dandy,” $1.12. Macaroni, 7q. Feed Stuff. Corn—No. 2 mixed, 62c; white, 63c. Oats—No. 2 mixed, 43c; No. 2 white, 44c; white clip. 46c. Pure wheat bran, 80 or 100, $22. Cotton seed feed meal, $26; prime. $28.50. Corn chops, $1.10. Corn hearts, $1.15. Shorts, 100 pounds, $24. Hulls—SO-ib c. s.. $9 ton; 80-lb. c. s., 40c sack; 100-lb. c. s.. $9 ton; 100-lb. c. s., 45c sack. Hay—Choice timothy, $19.00; No. 1 timo thy, $18.00; Johnson gruss, $14; clover. $16. Fruits and Produce. lemons-Per box, extra Taney, $3.50® 4.00. Florida oranges, $2.76(33; California na vel oranges, $2.75013; grape fruit, $3®4. Apples—Northern grown, per barrel, fancy, $email@example.com. Tomatoes—Per crate, $2.00®2.50. Limes—Per 100, 11.26. Bananas—Per bunch, fancy stock, 75c® $1.25 bunch. Peanuts—Fancy, per pound, 6c; No. 2. 6 cents. Sweet Potatoes—Yellow yams, 90®96c. Celery—Per dozen, 76c; per crate, $4.60. Cabbage—2c per pound; new crop Flor Ida cabbage, $2.25 per crate. Egg plant. $3.00 per era I *i. Lettuce—New crop, per crate. $3. Potatoes—Irish potatoes, 95c® $1.05. Tennessee Second Crop Trim Seed Potatoes, per bu. $1.10. Turkeys—On foot, 13®14c; dressed, 17® 18c. Game—Rabbits, per dozen, $1.50(8/1.75; quail, per dozen. $1.75®2.00. Eggs—Per dozen, fresh. 15(316c Hens—350/37c; chickens, large, 25#30c; medium, 20®25. Butter—Fresh, 18@20e; renovated, 28c; creamery, 32c. Hides and Wool. G. S. hides. 9®9V6c Dry flint hides, No. 1, 16(317c. Dry salt hides, No. 2. 14® 16c. Clear washed wool. 36®36c. Unwashed wool, 25®2Gc, Burry wool, 15c. Sheepskins. 15®60c. Tallow. 4®4,/?c. HOTELS. Hotel Woodward. Broadway and Fifty-fifth St. NEW YORK CITY. A high-class transient and residential hotel catering only to a refined and exclusive clientele. T. D. Green. Manager. EXCELSIOR STEAM LAUNDRY DOES EXQUISITE WORK GEORGE A. BUNN & SON, 1817 Second Avenue. 'Phone ??? MESSENGER BOYS WANTED. Regular work to good boys. ' Apply to MOTOR CYCLE MESSENGER SERVICE. 1914 Fourth Avenue Perhaps It Is net etch.d enough; send j It to ths Qawlc Krgraving Co. Psool.'* 1 Bhona Z7S. I MINING-PROFITS FRFF. *•*»*»» «W| Ai»o tuwittiwi rnoM— 1 TONOPAtt . GOLDFIELD . BULLFROG I •AND MANHATTAN• s . I Abo All aboutTopperj”. Prlntj"Hlnfj I To Investors and Answers Tb CbMrlorai I umns. SENT FREE— bl‘W««K|yto Induce I HVninS WoFi'K"pi5B?SS| ^uitg 47 New 5t. New YorhJ Stocks and Bonds Bought and Sold CITIZENS SAVINGS BANK 2003 First Avenue ARE YOU SENDING MONEY TO FAKIRS 1 SEND FOR FREE SAMPLE COPY Ol The Financial Worlc ami find out. It Is the paper that comes like a brent of pore air In this atmosphere of frenxled finance an licensed petty larceny. It exponas the vaniplresnf big! finance and throws the light of publicity on the rat who run through the newer* of low rotten finance. Till fearless paper ha* acquired a universe I reputation fo •'••lug published for the Investors and not tbe promote I or security manufacturer, Th® Editor’s FREE Advic® ,b.«! , always prompt and of the greatest value to Investor ! and speculators. Don't fall to send for free copy today iftit Address T1IR FINANCIAL WOULD. 100 ftuhllier Building, .... chlrag. OrovilleDred£in£Yieldin?IOtol59b NEXT REGULAR QUARTERLY DIVI DEND MARCH, 1906. At the rate of 10 per cent per annum. With the addition of four new dredges, the funds for which are provided, the ■ dividend rate will he Increased 15 Per Cent Per Annum ' in 1907. Earnings as estimated will be over 20 per cent, and after paying divi dends A sinking fund will be established to return the capital Invested when the prop erty is worked out. Orovllle dredging Is a consolidation of four going dredging companies and was floated by the Venture Corporation of London In August, 1905. The Venture Corporation are responsible for the magnificent suc cess of the Camp Bird and Esperanza i mines; both steady dividend payers. Orovllle Dredging owns over 2000 acres , of tested land, estimated to contain 114, 000,000 cubic yards of proven ground, con j tainlng a net value of $9,871,000. The company is operating 12 dredges and i is building four new ones. Capital $3,500,000—Par Value $5.00. We act as Brokers only In this stock and recommend It as a sound mining Investment. It can he bought and sold readily, and the market quotations appear daily In t'he New York Sun, New York Evening Mail. New York Commercial. Pull descriptive letter will be forwarded upon application. CATLIN & POWELL CO. Mining Share Brokers, 35 WALL STREET, NEW YORK. DREXEL BUILDING, PHILA., PA. NEW ORLEANS 4ND RETURN $10.75 MOBILE 4Na RETURN $8.01 VIA Account MARDI GRAS! Tickets on sale February 21 to 26, inclusive, with limit March 3rd, and privilege of extension to March 17th. Two fast trains daily to New Or leans and Mobile. For sleeping cur reservations or any further information call on A. B. FREEMAN, Trnv. Pass. Agent, Queen & Crescent Route, 1925 First Avenue, Birming ham, Ala.