The Birmingham age-herald., 1914-05-03
Weekly Market Summary


 conditions Improved definitely this week. The steady decline of the pre- vious fortnight was checked and good progress was made on an upward scale.
 The change was due primarily to the virtuosity of a prospect for peace ful solution of the Mexican problem Acceptance of the board of mediation proposal by both countries altered the whole contour of the speculative mart. Spectators who had sold heavily on the expectation of long war found Themselves in an untenab1e position and much of the strength shown dur ing the week was due to short cover ing.
 Another element of firInness was the improvement in London arched on the more hopeful view of the Ulster crisis At home sentiment was cheered by the favorable indications for crop, the i'm. provement in railroad grand earnings Tor March, as compared with preceding months and the prospects for a speedy decision in the freight rate case
 Offsetting influences were the con tinued depression in diversified busi- hess. The extent of this recession in She steel industry was measured by United States Steel corporations quar- terly report. showing deficit of more than $6.0a0,000.
 The foreign exchange rate rose to the high mark of the year and there was talk of the chances of gold ex- ports. Money rates relaxed when alarm owed the Mexican situation subsided.
 Live Stock
 Chicago. May 2.-Hogs: Receipts. 5000; market strong. Bulk of sales, $S. 356S AS; light. sS. a00lS 50; mixed. $s. 15t1S. .45; heavy, E .95@S. .45 rough, $7.95uS. 10; pigs, 715@ s20.
 Cattle: Receipts, 100: market steady. Reeves, $7 .15@9.5 50; Texas steers, $70S 10; 8. .60@S. 50; calves. $6. 25@9
 Sheep Receipts. 3500 market steady. Natives, A. .9045. .65: yearlings, $5. 4016 .50 native lambs, $49o017 .1s
 Kansas City. May 2-Hogs: Receipts 800: market strong. Bulk. S. 2Od7S. 30; heavy 3S 300S .3219; packers and butchers, s. POO s S.20@S.3214; light, $S.154S.3O pigs, N.50 6ls.
 ' Cattle: Receipts 100. including no south erns market steady. Prime fed steers S 60a9.15; dressed beef steers. $7. 7.401S 5O southern steers, $6.50@s. 10; cows, $4 BOO 775; heifers. ss.75G9; stockers se.5oas 25 Sheep: Receipts, none market steady Lambs. ss.2s@s. 10; yearlings, s5.75d7. .4o: wethers $5.5o@6.75; ewes. $4 4.5o@6.5G.
 St. Louis, May 2.-Hugs Receipts. 5000: market higher Pigs and lights s7MS EO. good heavy. $s.35@S.45.
 Cattle: Receipts, 300; market steady Ma tive beef steers, T.5Oa9 25; cows ana heifers, $4. 25@9; stockers s5@6; Texas and Indian steers, $5.7568; COWS and heiferss "A. 5O@6 65; native calves, $609 50. j. Sheep: Receipts, none; market steady Native muttons s5.7S@b. 80; lambs. s7@ s.15
 Coffee Market
 New York, May 2.-Cotton seed oil was inactive. but prices were steady on light offerings and the belief that the bulk of supplies are in strong hands. Cloh- ing prices were 1 point net lower to point higher.
 Cotton seed oil market closed steady. Spot, 7S7@7. 4Oc; May. 7.S7@7. 39c; June, 752@7. .54c; July, 7.59Q7 Gle; August, 7.67@ 7.6sc; September, 7.7o0772c; October 7.29@ '72c: November 675@6.S5c; December, 665@6 75c. Total sales. 1900.
 Bank Statement
 New York, May 2.-The statement of the actual condition of clearing house banks and trust companies for the week shows that they hold $36 4S6,b50 reserve h excess of legal requirements. This is on increase of y6,232 150 from last week. Actual condition: Loans g, ,127. .SS0, ,00O. Decrease 310.516,0O0; specie $427 6o9,0oo in- crease H.551 900: legal tenders $72s257 600, 0Dcrease $2s3ll.000; net deposits $2039, 44S.- 00. decrease S10sl7. 900: circulation $42, 144,- 000. increase $s3 .000.
 Banks cash reserve in vault, 40. T6 600.