Ntmr YORK COWMf MUTTER. r'BW YORK, Maroh * J.—May cotton. ' week: High 80.84; low 19.47; last u. closing las* week 99.57. . igorous and unsatlated trade de ,nd for 6Pot °°tt<3n and ^cloths Is felt the futures, market through steady i nersistent adb sorption of offerings trade interests, In addition to which Pie is speculative buying for a furth rjgp. Reports on the spot cotton nation as to available supplies, espe ilv for purchase from first hands, 0w clearly the diminished quantity cotton as represented In the statis s and even mope so because the tter indicates supplies available. The I: is there Is only a "relatively small Cl Uicto so viuji a imauYtuj ouiaii r centag-e of the stocks carried that o available for purchase as mer» .,nts and spinners are carrying an usual amount of the visible supply, as cotton Is hunted for each day, eater difficulty Is found, in making rchases. It, appears unmistakable t we afe rapidly approaching a pe of enforced curtailment of spin g through exhaustion of supplies, ,;i its final eflteat upon values can not forecast, but It will be measured the extremity to which eplimers ill go in their offers to buy spot cot i, before they find It-best to ourtall. Hue to the prices at which cotton brics can be sold, current prices for (ton are not regarded as sufficiently ah to cause spinning curtailment, cnee we may anticipate continued j-grent demand until price levels are ivanced to a point where, the economic situation will reduce demand to lit the ! supply of cotton.' Great strength was shown In October contracts today under the leadership of trade buying. It Is expected that the price on new crop deliveries will continue, narrowing to wards old crop prices. May Liverpool due Monday 16.07, . ORVIS BROTHERS AND COMPANY. David J. Oliver ' INSURANCE Life. Non-Cancellable, Disability, Auto Liability 604 Murchison Bldg«—Phone 840 The Best Companies, the' Lowest • Net. Cost, Service BLAKE-BROWN CO. v HARBWAKE 129 V-rincess Street V ELECTRICAL SUPPLIES Phone 232 Insurance Bldg. ORVIS BROTHERS & CO. ESTABLISHED 1872 60 Broadway ' New York Cotton - Cottomeed Ofl - Stocks - Grain Telegraph 7 Western Unto* Orvfa FX, NT Address {Postal - j- Orvto KX,HY^ When ymm heem wider* t* piece, ap«« an feeeunt miih as. ZY. I. UMM WWWIW W. Y. Stock Exohang* N. Y. Product flwlam n. M. UHM Exchange CMou* Board of Trad* i’UMdbUo Stock Eodtahra \ n. i* A Siqfwr JEsdlai^ Im. We Offer Subject to Sale HUNTER MANUFACTURING AND COMMISSION COMPANY 7 PER CENT PREFERRED ' ‘ ‘ ' . STOCK AT ' ; T } $100.00 I b I C. P. BOLLES & CO. .1 Dealers la Hifk Grade Honda and Preferred Stacks ;i y Telephone No. 26 606 Murchispn Bldg. months made fnew high records for the season in the cotton market today, the feature was the increasing activity and relative strength of new crop de liveries. This was attributed to cov ering by shorts, trade buying, dud a shifting of commission house interest from the old to the earlier new crop months owing to the recent increase in their discounts, and prospects for furth er rains in the southwest. October contracts sold up to 26.82 or 721 points net higher and closed at 26.77, with the general market closing Arm at net advance of 15 to 67 points. Old crop months were 15 to 21 points, and the active new crop, positions-about 64 to 67 points net higher. The market opened firm at an ad vance of 7 to 26 points on bullish oyernight spot advices from the south, favorable week end reviews of the cot ton goods situation, and reports tpat private returns indicated a t°t^ gin ning for the season of only. 9,700,000 bales. After showing net 20 to 25 points for the old crop months, the market eased under reallzing for over the week end and scattered south ern selling accompanied by r®l*|er conflicting reports from the spot mar kets. There were reactions ln oonje quence, but offerings of new crop de liveries were quiokly absorbed and tne strength of October and December con tacts had a sustaining influence on the general list. The reported small prl *ate ginning figure® were regarded an imphasizlng the- probability of a very strong statistical position at^the end >f this season which might be felt by >arly new crop deliveries in case there should be any delay in new crop re STrade interests were credited with selling May and July against Purchases !f October while there was active cov >ring hy both October and December shorts May sold as high as 30.81 end Tuly touched 29.85 but the close was a 'ew points off from the best on the >ld cron deliveries. Some of the pr rate reports reaching here from the south this morning said that more opt nri Wog offering and tbat 'demand was ight bnt most of them reported scarc ty of supplies andflrm prices. Viasrch day ..30.84 ruly .....«•*••• .29.85 Ictober.26.82 December , —-.. .26.35 Low 80.60 80.65 29.20 26.35 26.89 Bid 80,68 30.78 29.76 26.78 26.32 i DRY GOODS MAHXKT. IBW YORK, March 8.—Cotton goods re active and higher In the grey ods division today. na transacted in cloths for bag man ictuHng and narrow cloths for prlnt , and converting, further advances re announced on finished goods, rns ruled firm with an upward ten acy Wool goods held firm and many He ions of fall orders were made to afrm with possible mill output. Silks ire less buoyant following a ratse in i raw market. Burlaps were firmer d higher Knit goods were very COTTONSEED OIL. ' EW YORK, Maroh 8..—While quiet, sonseed oil was Arm due to coyer of shorts and local huying on the ingth in cotton and crude oil and shoe of trade. Closing bids were j 7 points net higher. Sales 5,600 relglprime crude 10.00 bid; prime uner yellow spot 11.20 to 11.50: ■Ch‘. 11,201^ May 11.54; July 11-72, all ^ ; -‘ v ' V * J - •: :J 1 iJ Am j. . ' l;r. \ ’ "T " X • •• #*y ;: ' ■■ ;. ■ JA »••* '.•■•■ *♦ 'r< -* ‘ rJ V ;‘V ‘ • 'k;V ” ' f ’ ■. ■ • ; . -7 1 ,-i- "'■ sv,, \; ■ ■ , i-r ■ , • ?y CWe now offer, 1 per cent Preferred Stock maturing July 1, 1937; therefore, ' ing July 1,1938, at .$100.00 flat. Dividends begin from date of ,V' 1 7, ’f 'u 3 ,W ' 'V ** '" ^ ' purchase. ■■,i! i f • American Trust Cdmjiany^ Charlotte, N. C. . • , First National Trust do* . t/ Durham* N. C, y'..- :r '-' ^ : , • - ,<• ^ ■ , ; - - Atlantic Bank and Trust Col j Ml'ML : Greensboro, N. C. U-L ^ Southern Life and Trust Co. Greensboro, N. C. . j t j- v \ •> n-r: ' ;• - ' ; */ A • :• ^ IM . v' v. < i, ", * * '■ . y j/, . v„ - . ' s"r *. * * \ Ml ■ . ■’ ' ” £.>' >. LIBERTY BOND PRICES - NEW YORK, March 8,—Liberty’ bonds closed 3%s, 181.20; first 4%s, : 98i02; second 4%s, 97.88; third 4%s,‘ 98.44; fourth 4%e, 98.09; vitory 4%sv uncalled! 100.06; United States treas ury; 4%s, 99.62. CHICAGO, i the drought March 3,—Breaking of in the winter wheat-belt led to a material set back of prices in the wheat market 'today. The dose was unsettled, 1% to_ % % net lower, and provisions varying from unchanged ■. figures to 6 cents decline: Open. WHEAT— May ., 1.17% July .. 1.14% Sept. .1,18 CORN— May. .... .74% July .. .76% Sept. . .76% OATS— - May .. .46' High. Low. Close. 1.18%' 1,16 1.18 •1.16% 1-13% 1,11% 1.16% 1.18% | 1.11% .76.. .76% .76% .74 .75% .76% .74% .75% i76% .45% .44%. >4% July ... .44% Sept. .43 PORK—Nominal. LARD— May 11.62 July 11.76 RIBS May, closing July 11.00 •44%. .43 % .43% ,42% .44 •42,%, 11.62 11.76 11.80 11.72 11.60 11.72 11.00 10.92 10.80 10.96 SOUTHERN MULL STOCKS Quoted by R. S. DICKSON AND COMPANY Gutoifei, N. (L—Greenville, S. Cl _Corrected March a. 1938. |.feld lAal 116 800 130 107 126 224 230 120 60 70 83 260 185 122 101 139 187 106 20 107 1216 98 155 14 98 190 132 100 132 100 120] 71 250 *164 103 18% 19 96 *47 151 85 116 103 165 62 225 130 130 190 124 Aome Spinning Co. ... Arcadia Mills ... .•. American Spinning Co. Am. Yarn and Processing Co. Am. Yarn and Pro’ing pfd .. Anderson Cotton Mills ... Arlington Cotton Mills ...... Aragon Cotton Mills S. C.)., Arcade Cotton Mills . Arrow Mills .. ...P Augusta Factory ........... Belton Cotton Mills ........ Belton Cotton Mills, pfd.. Beaumont Mfg. Co.. Bibb Mfg, Co. ....... •-«..... Brogon Mills .. .. .. ... .... Clara Mfg. Co. ... ............ Clifton Mfg. Co.'.. Cabarrus Cotton Mills. ....4. Cabarrus Cotton Mills, pfd ., Ghadwick-Hos. Co. (par $26) Ghadwick-Hos Co. pfd Chiquola Mfg. Co. ....... Chiquola Mfg. Co., pfd ... Calhoun Mills .. Cannon Mfg. Co. (par $1T> . Clover Mills —............ Climax Spinning Co. ..... Crescent Spinning Co. . r, Columbus Mfg. Go., (Ga.)..». Converse, D. C. Co. .......... Darlington Mfg. Co.. Dixon Mills .i .• .. Drayton Mills ...........4... Dresden Cotton Mills ......... Dunean Mills •• Dunean Mills, pfd .... Durham Hosiery pfd . Durham Hosiery’ “B,F ........ Eastern Mfg. Co. ............ and Phoenix (Gs») esse Eflrd Mfg. Co. .. Enterprise Mfg. Co. (Qa.) .... Erwin Cotton Mills Co. ...... Erwin Cotton Mills Co., pfd .. Flint Mfg. C®. .. Gaffney Mfg. Co. ....96 Gibson Mfg. Co.. 105 Globe Yarn Mills (N. C.) . Gray • Mfg. Co^ ........... Glenvsood Cotton Mills , •/. g^wWcotftnMtu.-: Grendel Mills. pfd.'(paV $50)..47% Granttevlile Mfg. Co. ........ 126 Hamrick Mills .... • Hanes, P, H, Knitting Co, ,.. Hanes; P. H. Knitting Co., pfd Henrietta pfd ...... HlllsMe Cotton Mills (Gd.). Hunter Mfg. Co., 7 pet Pfd . Inman Mills .. .. ...« •• * lnn>an M1U8-V,-,,',' *•*•'■* Jennings Cotton Mill .. ... Judson Mills .. A.— • Judson Mills, pfd ........... King, John P. Mfg. Co. ..... Lancaster Cotton Mill* • ■ Limestone Mille ..: • Linford Mills.. Lola Mfg. Co. .. Locke Cotton Mills Co. «... Laurens Cotton Mills*. ..... Marlboro Cotton Mills . Mills Mill .. Mills Mill, Pfd •-••••••••" Monarch Mills, (S. C.) ... Mollohon Mfg. Co- . -'v Mugrrove Cotton Mills ... Myers Mill.. Myrtle Mills . • .-* • .. National Yarn Mills •••*’ Newberry Cotton Mills ... Orr cotton Mills • ••••** Orr Cotton Mills, pfd ...-• Parkdale Mills .V.’’** Pacolet Mfg. Co. ..... Pacolet Mfg.^Co. pM ..... Pelzer Mfg.Co.. •• • • •: Piedmont Mfg. Co. (K L.l Perfection Spinning Co. .. Poe, F. W. Mfg. Co, . Poinsett Mills .. • • ■ • - • • Priscilla Spinning Co. Banlo Mfg Co. .. Rex Spinning Co. ..... • • - • Rex Spinning »Co,, pfd • • • Riverside Mill* (par $12-50) Riverside and Dan River .... Riverside and Dan River, Rowan Cotton Mills W ...... Roanoke Mills, 1st pfd ...... Roanoke Mills, 2nd pfd Rosemary Pfd • ■■■ • .. Rhyne-Hpuser Mfg. Co. Saxon Mills •• 'A,!,'' Wn *'■*”'* Seminole Cotton Mills Co, .... Sibley Mfg.-(Ga.) ..* Spartan Mills • 4 119 296 130 251 97 125 , 66 75 92 125 106 141 94 100 195 136 110 136 104 156 104 0 98 151 95 106 97 69 251 136 Stirling IP11"1®*,!'0 Superior Tarn Hills Say Mills, 0»ar $25.00) .. ^^SioMme.Vst;i.fd';: Union Buffalo Mills, 2nd pfd.. Vlotor-Monaghan Co. ........ Viotor-Monaghan Co^ pfd ... Victory Yarn Mille Co. ,*45 ■16 104 105 225 100 129 100 236 145 100 ISO 240 140 99% 104 165 143 90 280 100 143 HI 130 16 109 260 100 101 195 101 92 .112 170 134' 122 97 123 223 101 148 161 100 126 127 151 130 91 72 116 176 138 125 99 131 230 151 153 180 129 129 66 89 12 810. 102 105 103 99 98 98 111 108 60 170 133 . 98 M 95 54 114 110 96 102 220 100 140 86 IS 221 104 111 100 99% 106 115 65 176 141 10S 33* 96 55 115 150 150 140 94 170: 99 103 232 102 145 80 95 180 Victory 8 jier^ent. pfd • '• Ware Shoals Mfg. Co.. Watts Mill?. 1st pfd.... . .. • Watts Mills .2nd pfd. •.... Wingate Yarn.MlUsCo. ... Wiscassett Millsi Co. ...... Williamson Mil* Woodside Cotton Mills ... Woodside Cotton Mill* Pf<* Woodruff Cotton Mills •••• The stocks quoted above represent prices at which we have buyers, and ot which we can sell. All quota tionssubject to change without notice. When interested in buying or selling any stocks not ineludej in this list, write or. wire us for prices. . Stocks and bonds bought and sold in ail markets, Yours, very truly,. ~ R. S. DICKSON AND COMPANY, ■ -• NATil. STORES. ; "V / SAVANNAH, ■Ga., Marc}l-3.—Turpen tine firm M6 1-2; sale*. BO; ^receipts «S; shipments 8ft; stock B,2«8. . - RoBin firm/ sales 718;' repelpfch 628; shipments 400; stock 7M*0, Quote E C E 480 to 500; F G H I 800 to. 505; M 625 to 530/ N-670 to 580; WG 500 to 606^, WW ««0 to 685. . I y " • " \ .NEW YORK, March 3.—Railroad shares were bid up vigorously in to day’s brief hut active session of the stook market whUe heavy profit taking sales were , being m»de on the indus trial group. The bullish demonstra tion in rails Which had been lagging behind the market, Was in belated re sponse to the substantial improvement in. earnings shown by the January earn ings reports over those of the 'same month last year. New high record* Were established by New York Central, Atchison, Balti more and Ohio, Northern Pacific, South ern Railway, Rock Island, Great North ern preferred and St. Paul preferred. /Steels whieir“were strong yesterday slipped back today but not until after new peak prices had been established .by United States Steel company, Beth lehem B and Republic. Operations of steel mills are now reported at 90 per Cent, of capacity with several mills cjpsing their books until a substantial reduction has been in present unfilled orders. . .Baldwin and Studebaker offered good resistance to selling pressure, yielding only fractionally on the day, hut Cali -fornia Petroleum dropped, while Pan-, .American oil and American Can slip-1 ped back also. : There were a few strong spots in the -specialty list, notably American Metals United Railway, investment common and Adams Express. - . Foreign- exchange were firmer with business more active. Demand ster ling sold around 70 % and French francs Were again quoted above 6.10 cents. Day’s total sales, 776,000 shares. Twenty industrials averaged 104.51; net .14. ’ High 1923, 104.66; low 96.96. Twenty railroads averaged 95.63; net gain .97. i High 1923, 90.63; low 84.53. NEW YORK STOCK LIST. Name. , Allied' Chem. and Dye Amerioan Can Am. H. and I* pfd .... Am. Inter. Crop Am. Locomotive Am. Linseed ... •■.... Am. Smelt and Ref. . American Sugar ... Am. Tel. and TeL ... Am. Woolen .* Anaconda Copper ... Atch. T. and Santa Fa Atlantio Coast Line . Atl. Gulf and W. X. . Baldwin Locomotive Baltimore and Ohio ... Bethlehem Steel, B. . Canadian Pacific Central Leather. Chandler Motor ...... Chesapeake and Ohio Ohio., Mil and St. P./.. Chic. Rock I- and P. .. Chile Copper. Coca Cola • • • -. Consolidated Gas '.... Consolidated Textile Cosden and: Company Com Products . Crucible Steel ....... Cuban Am. Sugar •. -.1 Cuba Cane Sugar ... Endicott Johnson ... Erie... Famous P.-Lasky ... General Asphalt ..... General Electric —.. General Motors ...• Great Northern pfd .. Gulf States Steel ... - Illinois Central . Inspiration Copper ... Inter. Mer. Mar. pfd .. International Paper... Kelly Springfield .... Kennecott Copper ... Louisville and Nash. .. Middle States Oil .... Midvale Steel .•» Mo. K. and T. (new) Mo. Pacific -...... New York Central .... N. Y., N. H. and H, . ~ Northern Pacific . •... Ckla. Prod, and Ref. Pafi-Am. Petroleum .. Pennsylvania ........ Pure Oil •• •• . Reading . . •• • • oVLli • Republic I. and Steel Reynolds Tobacco B. . Royal Dutch, N. Y. .. St. -L. and San Fran. Seaboard Air Dine .... Seaboard Air Line pfd Sears Roebuck .. .... Sinclair Oil .. — .. S.-Ssheffleld Steel Southern Pacific. Southern Ry ••• ■••••* Southern Ry. P*d .... Standard Oil of Cal. .. Standard Oil of N. J. Studebaker.. Tennessee Copper ... • [High 76% 103 72% 29 .-|126%| 126% 124% 106% 105% 105% 104% 128% 123 139% 138 55% - 71% . 148 37% 72% 75% 25% 37% 30% 77 67% 13% 5 9% 134 83% 34% 18 75% 13% 89% 47% 188% 14% ‘abacco Products, A. 'ranscontinental Oil rnion Pacific ........ 143% 142% fnlted Retail Stores r. S. Ind. Alcohol r, S. Rubber ... r. S. Steel . rtah Copper ’irginia Caro. Chem Oestern Union ... vestinghouse Elec. 34 68% 81% Low. 76% 101% 72% 28 126 53 27% 14% 79% 94 116% 42% 41% 56 54 44% 151 12 32 16% 18% 99% 20% 81 2% 84% 46% 30% 80% 61% 58 53% 26% 7 12% 91% 34% 55% 94% 34% 69% 62% 44% 121% 120% 12% •61% 26% 84% 11% 84 69% 69% 108% 108 76 25 .. 114% 115% 63% 34 68 81% 52% 27 63% 71% 146% 37% 72% ■74% 25, 36% 30 76% 66% 13% 58% 133% 82 34% 17% 76% 12.% 88% 46% 187% 14 78 93 115% 42% 40% 55% 53% .44% 150% 11% 81 15% 18% 98% 19% 79% 2% 82% 46% 30% 80 60% 57% 53% 25 7 12% 89% 84 53 93% 33% 69% 61% 43% 12% 61% 25% 83% 11% 82% 69% 59% 76 24% 64% Last 76% 102 72% 28 126 34 68% 81% 126% 106% 52% 104% 123 27% 138% 65% 71% 147% 37% 72% 75% 25 37% 30 76% 66% 13% 59 133% 82% 34% 17% 75% 13 88% 46% 187% 14% 79% 93 116% 42% 41 55% 54 44% 151 12 31% 16 18% 99% 20% 80% 2% 82% 46% 30%, 80% 60% 58 53% 26% 7 12% 89% 34 53% 94% 34% 69% 62% 44 120% 12% 51% 26% 84% 11% 143% 83% 69% 59% 108% 76 24% 115% 64% NEW. ORLEANS COTTON, NEW ORLEANS. March 3.—The ttad ine- in cotton today was done, at the advance and October positions making almost a spectacular bulge rising 71 points to 26.38 cents a pound on heavy buying that was generally «et_ down as short covering stimulated by the wet weather in the belt and fear that rains would continue over Sunday. At the highest October stood1 within 12 points of the highest price of the season, made some weeks ago. - . ,, Old crop months were set to new high season's records by the best of trade accounts from this country, bet ter reports from Manchester and “a private bureau estimate of 9,701.000 bales as the total quanttty^of cotton ginned this last season. They were also helped to some extent, by the more unfavorable conditions in the belt and more or less buying arose from further evidence of' the. strength of the spot position. Spots here were raised 12 points to 30.50 a pound, a new high price for the season, May rose to 80.25 and March to 30.50. At the highest the old crops were 22 to 30 points^ up. On the close the'market'was 22 to 66 points ;up, Maj dosing at 30.21 and October r ThVweather in Texas caused excited trading on the opening and excitement intefed following the report cables from Liverpool Claiming that market would probably be shipped 20,000 bales but of the New York cotton stock. Man chester cabled that more business in cloths was doing with India and China and more interest was being taken in yarns. H1gh Low March . <.. .j .,. J .30.50 Sfr.55 May 80.25 30,07 July_.........29.56 29.42 October .. ...26.38, December ........25.99 25.93 i 25.56 Bid 3(7.50 80.21 29.51 26.83 25.90 foreign exchange. NEW YORK, March 3.—Foreign ex change irregular. Quotations in cents; Great Britain, demand 470 5-T6; cables 470 9-16; 60 days b||U» on banks 468 1-8. France, demand,611‘1-4; cables 612. Italy, demand.481; .cables 48l''l-2; Belgium, demand 534; cables 634 1-2. Germany, demand* .0014; cables '.0044 1.2. Holland, demand 11125; cables 8965. Norway demand 18.85; Sweden demand 26.68; Denmark demandf 18.22; jstyitxer land demand 18.73;- Spain demand 16. 60; Greece demand;107; Poland demand .0088; Csecho-Slovnkis demand' 896; Argentine demand'1726;'Brazil demand U62i Montreal 88 6-16, ; —. II. s. DEPARTMENT AGRICULTURE : WEATHER BUREAU Wilmington, N. C., March -4, 1988. Meteorological data for theiU hours ending g.00 p. m., yesterday. ' f Humidity Record ■ - ■ Dry Wet Relative t ? >■; >- i ;; i . bulb nulb humidity ' V ■ ‘ temp. lemo. per cent 8:00 a.-m, 53 47 62 12:00 noOn ........ 70 66 38 8:00p. m. ........ 60 53 ■ ' 66 Temperature: Maximum; 78;~minl mum, 60; mean, 64. Rainfall; Total for the day, .O0;,total since first of the month, .00, Sun rises ......6:36 a. m. Sun. sets 6:11 p. m. 'Si; ’ Tide Tikfa MU* ! Low Wilmington __11:43 a.m. 8:48 a.m. “ ......—— -7:10 p.m. Masonboro Inlet .. 9:17 a.m. « 3:20 a.m. ■, “ .“ -..'9:48 p.m. 8:43 p.m. . Stage of river at Payet (pvlHe at 8 a. m. yesterday SO feet, WEATHER BBUBAO H EPQ11T8. Temperature: MMHOnu l* cJ OP4 Art 10*0 * h 35 a i irt Asheville ... Atlanta .... Birmingham Boston .... Charleston . Charlotte .. Galveston .. Jacksonville Memphis N. Orleans . New York .. Raleigh ... Savannah . St. Louis ... Washington . pt cldy ..,. clear ... clear l.pt cldy , pt oldy . .cloudy ... clear . .'cloudy .clear . .pt cldy ... . clear ... .clear ,.pt cldy .. .cfldy 70 74. 1 75 J 60 | 76 I 76 / 70 74 76 78 72 78 78 64 80 42 1 48 | 36* I 3 It i 5 Of 62 62 66 56 38 60 50 56 46 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .30 .00 WEEKLY COTTOS REVIEW NEW YORK, 'March 3.—Early sea son expectations of 30 cents for cotton have been more than realized during the past week. Prices for middling cotton in the southern markets have been advanced to or above the 30 cent level, while contracts for both March and May delivery in the market here have sold well above that figure with May touching 30,65 during today’s trading, compared with 24.22, thei low price reached on the reaction of early last December. The appearance of 30 cents on the quotation boards proved the signal for considerable realizing early in the week, but such" selling was absorbed -on comparatively moderate reactions. The buying'on these set-backs was ac companied by reports of a continued trade demand and while increased of spot cotton were reported in the south art the higher figures, local traders found nothing in the news to suggest that the offerings were in excess of the demand or that holders were show ing any disposition to shide the prices. These advices naturally enough have been regarded as' emphasizing the strength of the old crop supply situa tion, and the prompt stopping of on the advance, - Weather conditions in the south have been commented upon as generally favorable. During the early part of the week there were complaints of de layed farm work in the southwest as a result of further rains, but most trad ers here were inclined to feel that the extra moisture in the ground jvould prevent more important factors in the ultimate oro pthan any delay so early in the year. Later,, fair and warm weather was indicated for the west, and scattered selling o nthe expecta tion provisions for Increased crop has been reflected \by a widening in the differences between old and new crop positions. - v--’ Liverpool has beert a buyer of old crop months here, presumably to re duce straddle, accounts, and while trade advices have complained of a poor business in Manchester, latest reports say it is doubtful whether Lan cashire spinners of American cotton will adopt the proposed, short time schedule. The stock of certificated cot ton here has been been drawn down, to about 53,391 bales during the past few days, and there have been rumors that further shipments are to be made of cotton taken upon March contracts. Imports fpr the season now are within 55,000 bales of last year’s to the same date. NEW YORK BONDS. " NEW YORK, March 3.—Although there were several strong spots In to day’s bond market, the majority of the active issues showed small net declines at the close. Confirmation of reports that much of the recent' selling pres sure caine from larger Institutions'was furnished by today’s report of the mem ber-banks of the federal reserve sys tem showing conditions as of February, which reveals a substantial reduction in the holdings of both government and corporate Security., Strength of the Mexican issues in reflection of the progress being made in connection with the service on the National debt was the feature of the foreign list. Other active liens in that group moved irregularly within nar row limits. The sharp advance in railroad stocks failed to elicit milch -response from the ’ bonds of those carriers although gains were registered by Union Pacific 4s, Norfolk and Western convertible 6s, Atchison adjustment 4» and Denver and Rio Grande' consolidated 4s. However, losses were recorded by St'. Louis Iron Mountain ahd Southern 4s, River and Gulf division; New York Central 4s, Rock Island 4s. Virginia Railway ,6s, and Western Maryland 4s Except for a decline'of X point in Cerro de Pasco 8s,. most of the losses In the industrial division were held to fraotlons. u . Trading in United States government securities continued' irregular pending announcement of the terms of the gov ernment’s new financing. Today’s fluc tuations were limited to a radius of 6 cents on $100. Latest Wall street re ports Indicate that the amount of the government’s new loan will toe $300, 000,000 but opinion varies widely as to the probable rate of Interest. - Total sales, par value, , were' $ 30$,000. ( . ' ' COFFEE PRICES. NEW. YORK, March *.—Spot coffee dull; Rio 7s 12% to p* Santos 4s ISH to 16. . ■■■■■. - i, - .; - ■. f~ NAVALBTORKSJIARICETg, *• JACKSONVILLE, Ma„ , March t.— Turpentine .steady l.47H to 1,48; sales none; receipt# .8;. shipments linstock 16,282. Rosin firm; sajes 1.1*6;'receipts *15; shipments 8,661; stock 164,273. Quote: B to L 5.00 to 5.05;-K, 5.15;, M.^25; R, 5.70i .WQ, 6.05; WW, 6.8