-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 Q1DyrSJipmyMGmOmscT+vuS4jNVv4teyU/xsSJB6UeWdZZEB8orktUHFQuGPPyl4
 TeSb+WmOJ8JyvOg7ajzl0Q==

<SEC-DOCUMENT>0001255244-04-000001.txt : 20040122
<SEC-HEADER>0001255244-04-000001.hdr.sgml : 20040122
<ACCEPTANCE-DATETIME>20040122111956
ACCESSION NUMBER:		0001255244-04-000001
CONFORMED SUBMISSION TYPE:	5
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20031231
FILED AS OF DATE:		20040122

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			KELLY REX E
		CENTRAL INDEX KEY:			0001255244

	FILING VALUES:
		FORM TYPE:		5
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-12103
		FILM NUMBER:		04536881

	MAIL ADDRESS:	
		STREET 1:		32 CAMBRIDGE AVE
		CITY:			GULFPORT
		STATE:			MS
		ZIP:			39507

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PEOPLES FINANCIAL CORP /MS/
		CENTRAL INDEX KEY:			0000770460
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				640709834
		STATE OF INCORPORATION:			MS
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		152 LAMEUSE STREET
		STREET 2:		P O BOX 529
		CITY:			BILOXI
		STATE:			MS
		ZIP:			39530
		BUSINESS PHONE:		2284355511

	MAIL ADDRESS:	
		STREET 1:		P O BOX 529
		CITY:			BILOXI
		STATE:			MS
		ZIP:			39533-0529
</SEC-HEADER>
<DOCUMENT>
<TYPE>5
<SEQUENCE>1
<FILENAME>primary_doc.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>

<ownershipDocument>

    <schemaVersion>X0201</schemaVersion>

    <documentType>5</documentType>

    <periodOfReport>2003-12-31</periodOfReport>


    <notSubjectToSection16>0</notSubjectToSection16>

    <form3HoldingsReported>0</form3HoldingsReported>

    <form4TransactionsReported>0</form4TransactionsReported>

    <issuer>
        <issuerCik>0000770460</issuerCik>
        <issuerName>PEOPLES FINANCIAL CORP /MS/</issuerName>
        <issuerTradingSymbol>pfbx</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001255244</rptOwnerCik>
            <rptOwnerName>KELLY REX E</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>32 CAMBRIDGE AVE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>GULFPORT</rptOwnerCity>
            <rptOwnerState>MS</rptOwnerState>
            <rptOwnerZipCode>39507</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>

        <nonDerivativeTransaction>
            <securityTitle>
                <value>Peoples Financial Corporation/MS/      pfbx</value>
            </securityTitle>
            <transactionDate>
                <value>2004-01-22</value>
            </transactionDate>
            <deemedExecutionDate>
                <value>2004-01-22</value>
            </deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>5</transactionFormType>
                <transactionCode>L</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionTimeliness>
                <value></value>
            </transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>28</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>15.26</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1686</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>

    </nonDerivativeTable>



    <ownerSignature>
        <signatureName>Rex E. Kelly</signatureName>
        <signatureDate>2004-01-22</signatureDate>
    </ownerSignature>

</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----