The Birmingham age-herald., 1914-10-15
STREET RECOVERS FROM DEPRESSION Prices In Un0rganized Mar ket Show Tendency
 to Sag

New York. October 14.-Wall street to- day recovered in measure from the de- pression caused by the recent news from abroad. The committee which supervises the sales of unlisted bonds and stocks re- ported a diIhinution of offerings and a better demand for the new city notes and state issues. On the other hand, prices in the unorganized market, which trades in listed stocks. manifested q sagging tendency.
 A semblance of former activity in the district was inparted by the reopening of the curb market which dealt moderately in some of the low priced specialties.
 Foreign exchange took on more defin- ite basis in consequence of the formal or lEanization of the s1oo.ooo, 600 geld pool Rates for cables and sight drafts were fractionally higher. but the surply of bills on London was small.
 Further small shipments of gold to ot- nawa were announced and the movement pfo that point Is expected to assume larger proportions within the next few days, by (which time the gold pool probably will have received the 25 per cent subscription fasked for. Large exports now under way are also likely to exercise favorable in- 6uence on foreign exchange.
 Listlessness continues to be the chief feature of the steel trade. Almost the only development in the local money mar ket was the new low figure of per cent for mercantile paper. Until today only the highest class of these documents was accepted at that figure, but with con- tinued ease and increased supply of cash banks are buying more freely. There was ivirtually no market for time loans due, almost entirely to the lack of borrowers
 Prime Mercantile
 New York. October 14.-Closing: Mercantile paper, 6@7 per cent; ster- 1ing exchange firm; for 6o-day bills, i493 per cent; for cables, 49S25 per cent; for demand. 4:97.25 per cent Bar tsilver. 51Ac.
 Coffee Market New York, October 14-A slightly eteadier tone prevailed in the local market for spot coffee owing to ap prehensions regarding conditions in Brazil, prompted by the action of the Brazilian authorities who have inn posed censorship on all cables ana prohibit the use of code cipher. A more active liquidating movement was reported through the voluntary com mittee and holders of open contracts were requested to put up additional 25-point margins. Local spot quota tions remain unchanged, with Rio Is quoted at 6Ac, and Santos As at 10 Ac.
 Cotton Seed Oil
 New York October 14.-Cotton seed oil was about steady for nearby de- liveries. Distant months, however, were lower despite the firmness in lard. This was due to free and cheaper crude offerings, bear pressure in January and hedging sales. Nov ember closed points higher and other months were unchanged to points net lower Sales, F 900 barrels.
 Spot and October, 5.2o@ 540c; Nov iember, 5.2S@529c; December, 5.35@ l5.S7c; January, 5.4S@5.44c; February, i5.52@5.55c, March, 566@5-67c; April. l5.s0@5.s1c; May, 5.9S@5.94c. Total
 Live Stock Market
 St. Louis October 14.-Hogs: Receipts, t12,200 lower; pigs and lights, $6. 75Q7 80; mixed and butchers, $7.60d7 80; good heavy, s7.55d7.So.
 Cattle: Receipts, $500; steady; native beef steers, s7q1o.s5 cows and heifers, s6@ ssS; stockers' 7'o; Texas and .ld,s Indian sai native calves, s6@1050.
 Sheep: Receipts, 2400; steady; native functions, s4@7; lambs, $4qT.
 Kansas City, October H.-Hogs: Re- ceipts, 12,0O0: lower; bulk of sales, s7.10@ TAO; heavy. s7.20q7 30; packers and butch- 1ers, T.25@7 .55 lights, S.1oa7.5 90; pigs, $6.75d7.
 Cattle: Receipts, 10000; steady; prime fed steers, $9 65I1O. 65; dressed beef steers, $7.50 @9.50; southern steers, s5 .25M7. 25; cows, s4.5Gd7 25; heifers, $6.5049.25; stockers, $585QS.
 Sheep: Receipts, $500; steady; lambs, s6. sod7.50 yearlings. s6; wethers, s5.25Q 6.60: ewes, $4. 2505.
 Chicago, October 14.-Hogs: Receipts, 20- GOO; higher; bulk of sales s7.30@7 90; light, $7 .e5QS. 10; mixed s7. 25@S 20; heavy, $6.95Q S.15; rough, s6.95@7 l5; pigs, A.5o@7 TO.
 Cattle: Receipts, 14,000; firm; beeves, $6 50Q10. 90; steers, s6.10m9.10; stockers, s5 .3odS. IS; cows and heifers, s. S.4oq9;, Sheep: Receipts. 42.0Oo; easy; sheep, si.15 6s; yearlings, s5.6o@s. 45; lambs. s6ds.
 Sugar Market
 New York october 14.-9Raw sugar quiet; molasses, S.S7c centrifugal, 4.52c; refined quiet sA
 Naval stores
 Savannah. October 14-Turpentine Aominal, 451ac; no sales; receipts, BPS; shipments, 3S0 stock, 26,S0l. Ro in nominal; no sales; receipts 1660 ship ments, 2O09: stock. 106s2e" Quote A. B, s5.50; c, D, $S.521s E. r, c, II, Ii s2.55: K, $4.15; M, $4.5o; N. SC; WC,, 36.25; wv, $6.35
 TRADING RESUMED
 ON CURB EXCHANGE New York October 14.-The curb, or outside market resumed business in tentative way today, trading being re- stricted to stocks selling under $l0 a share.
 level or above July 30 prices, but dealings which had the sanction of the stock ex- change were light
 Boston, October 14-The Boston curb exchange resumed business today after A%ving been closed since July %.
 Montgomery Market
 Montgomery. october 14.-t Special) Spot cotton was quoted here today as follows: Strict middlng, 6lac; middiing, 6kc; market quiet.