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\ \ Fhor.e, Rector 5000 Josephthal & Co. 120 Broadway, New York Member? iVew York Stock Exchange foreign Securities Private Wires to Principal Cities H 103 Yi-nrs ot Cominorclol Banxlna I I??K5? CHATHAM & PHENIX NATIONAL BANK . v Csi.itot * Surpluft.SlS.OOO.OM Pq^aJ. Keaourcea.S15O.OeO,O0? BanK 1*9 Broadway, Singer Blag. ,.....-- And 12 Branch?? Pennsylvania Oil Market Is Put on Competitive Basis ! Action of Seep Agency Re? moves Stabilizing Influ? ence anil Scramble for Crude May Kite Prices PITTSBURGH, Feb. 20.?The mar? ket for Pennsylvania crude oil was thrown wide open here to-day by the announcement of the Joseph Seep Fur chasing Agency that beginning March 18 it would no longer sell oil to inde? pendent refineries. The reason given was that it did not have enough oil for Its own business. Increased consumption of Pennsyl? vania crude durjng the past few years has steadily forced up the price until now it is (?uoted by the Seep agency at $5.65 a barrel, three advances having been made since the beginning of the year. Independent refiners have been provided with a give?; proportion of their requirements by the Seep agency, but some time ago when they found the agency could not. nil their de? mands, they went out into the market and bought oil at r. premium in com- i oetition with it. That premium, it was ' stated -to-day, has often reached 50 j nents a barrel, and even now, with the L latest advance, is more than 25 cents. So scarce is oil of all kinds that i scouts have been sent into the differ- j ent fields in the hope of picking up oil | in sufficient quantities to keep the in- j dependent, retino ios going. One re- ; finery, it was stated, was trying to j "buy oil by the trainload," while others; not so firmly entrenched financially were endeavoring to get it in smaller j quantities. The action of the Seep agency, itj was said b veteran oil men, would re- . +urn the ma P 2t to the coniiitions which prevailed years a^o when there was no ' powerful buying agency through which ; prices were stabilized. No one would predict to what heights ; quotations would go, but refiners with-! out their own crude production, it was1 stated, would be compelled to get oil wherever they could and pay such prices as producers saw lit to demand. Demand for Locomotives American Company Has Booked Large Order? The demand for rai'road motive! power has taken a sharp spurt since it j became a practical certainty that the i carriers would be returned to their! owners on March 1. In this connection it became known yesterday that the ? American Locomotive Company within the last few days has boohed orders for 105 locomotives, which will involve ? r?n expenditure on the part of the buy? ers of approximately $7,750,000. Included in the new contracts are nineteen mallet and sixteen mikado en? gines for the Union Pacilic Railroad, twenty light Pacifies, twenty-five Santa Fes and ten hen / Pacifies for the Ca? nadian National Railways and fifteen mikado engines for the Louisvil e & N'a. hviile. In addition it was stated that a mass of inquiries is in the. mar? ket and many roads have reserved manufacturing space for engines, al? though they have not yet actually signed tip on orders. In recent years the mass of business placed with the iocomotivo companies ??as been 'or foreign shipment, but the situation has changed in the last five or ?six weeks and domestic orders are now the rule. Orders taken in the last few day? by i the American Locomotive Company, it! was said yesterday, represent a total in excess of the aggregate orders on the company's books about two weeks ago. Increase on Preferred Stock of Sheriviii-Williams Approved At a special meeting of the Sherwin Williams Company, held in Cleveland, stockiiolders approved the action of the direct >ra authorizing an issue of .S40.000 000 first preferred stock. Of the new issue $15,000,000 was re? cently purchased by a syndicate com? poned of the Cleveland Trust Company, Bort?n & Port?n and William A. Read & Go. and was offered for subscription at 100 and accrued dividend., subject to authorization of tie issue by fstock holders. The stock is 7 per cent cumu? lative, with a 3 per cent annual sink ii.i: fund. The proceeds of the sale of this S15.000.000 stock will be used by the ?vinpany to retire old preferred stock aggregating $1,01-1,000 or additional working capital and for other cor? poral? purposes, including extensions and additions to its prooerties to meet the needs of its business. ? . Commonwealth Edison Earns $9.61 a Share on Capital For the year ended December 81, ?919, the Commonwealth Edison Com? pany returned a surplus after charges and taxes of $4,847.138, equivalent to SO.Ol ?v share, ?I00 par, earned on the $.60,422,800 capital stock, which com? pares with $4.936,470, or $7.7!) a share in the preceding year. Total operating revenue last year ?mounted to $30,365,426, an increase of $3,861.290 ov?;r 1918. After expenses and depreciation net was $10,846,919. or $1.283,809 more than in the year before. Gross income was $8,096,589. from which interest and other charges were deducted, leaving a $4,847,138 bal? ance for dividends. Holders of the stock shared $3,942,340 in dividend dis? bursements, a falling ofT of $61,484. .Surplus after all charges was $904,798. Railroad Stocks React After New Highs Are Made Industrial Shares S c or e ! Good Advances as Market | Broadens; Bond Trading' Increases, Prices Rising ! Railroad shares were prominent in yesterday's dealings on the New York Stock Exchange, but they failed to monopolize interest, as was the case on Thursday, for industrials held the center of the stage. The market was the broadest one witnessed this week. Transactions increased considerably and the number of different stocks dealt in was also larger. Moreover, speculative attention was not centered on a few stocks, as had happened in many other recent sessions, but em? braced nearly the whole list. Railroad Btocks started well, and under the impetus of a substantial de? mand new high prices were recorded in a great many issues. At the high j levels of the day, however, profit j taking in large volume was encoun- , tered, and a majority of the tranapor- j tation stocks declined rather sharply,; closing below Thursday's final quota- j tions. The decline was, however, by no^ means as rapid as the advance had been and appeared to be nothing more j than a reaction such as commonly! occurs after a sustained advance. A few of the rails made small gains. The industrials were generally strong, with steels, equipments and motors leading. The fact that banks | were ?ending a little time money was; perhaps largely responsible for the im- I provement, for trailers saw in this fact | the possibility of something approach- J ing Veal ease in the money market. This view does not seem to be well | founded, howevew?for lt. is probable j that stock markcjFloans have already: expanded substantially as a result of the bulge in railroad stocks. The bond market was unusually active, wit-b good gains recordoxi in most departments. Railroad bonds were in particularly strong demand, j owing to the widespread conviotion I that a great many issues are soiling at such low prices that they afford good ; investment opportunities, with the! added attraction of possible substan- ! tial increases in price. Foreign gov- ? ernment issues also were strong, re? flecting the improvement in foreign exchange. . i ? ' ? Money and G*edit Rates for Stock Exchange call money ? were unchanged, yesterday and 6 peri cent was the opening and ruling rate. ? As on preceding days of the week there : was a plentiful supply of funds to lend : on call, but banks continued to restrict time money offerings, although as stat- j ed yesterday, some loan? are being: made a? S tier cent on mixed collateral and 8^5 per cent on all industrials. ? The opinion is h?!d by bankers that ; rates will remain relatively easy, at lenst until the .March tax payments arc I due. ; The ruling rates for money yester- j day, compared with a year ago, follow: Yester- Year ! Call money: day. ago. On mixed collateral 6 5*4 On indust'l collateral (' 6 Time money (mixed collateral) : Sixty days. 8 5% (t? 5 Via ? Ninety ?jays. 8 iiV\ (n.f> Va j Four months. 8 G I-, @ 5 ~.\. Four to six months... 8 5 J,i'.'? 5 !*i Bank Clearings ? Bank clearings in New York and other cities yesterday! were: Exchanges. Balances. Ne-v York.$756.683,975 $94,267.756 j Baltimore _ 12,066,908 5,324,044 Boston . 59.796,872 19,740,020 Philadelphia . 78,842,844 14.877,808 Sub-Treasury?-United States Federal Reserve credit balance, $76,242,403. Silver . London. 82%d; New York, $1.30; Mexican dollars. 99 bbc The Dollar in Foreign Exchange Sterling, franc and fire exchange yesterday were firm. Pounds were quoted as high as $3.47V4 yesterday, but reacted to $3.4550. The Continental exchanges held their gain a little bet- ! ter. Continued foreign selling of se- j curities in New York took place and helped the exchange situation.. Yesterday's rates, compared with those o ' a week ago. follow: (Quoted dollars to the pound.") Yester- Week da *. apeo. , Stei'ling, demand. $3.4550 $3.4275 Sterling, cables .*. 3.4625 3.4350 Stirling, sixty days... 3.42 8.40 Sterling, ninety days.. 3.'1050 3.3850 (Quoted units to the dollar) Francs, checks . 13.38 14.11 Francs, cables . 13.36 14.09 Belgium, francs, chks. 13.04 13.G3 Belgium, francs, cbls 13.02 13.60 Lire, chocks . 17.67 17.8:-: Lire, cables .'.. 17.65 17.89 Swiss francs, checks.. 6.17 6.04 Swiss francs, cables.. . 6.15 6.02 (Quoted cents to the unit) Guilders, checks . 37.25 37.25 Guilders, cables . 37.375 37.375 Austrian crowns, chks. .38 .31 Austrian crowns, cbls. .39 .31 Sweden, checks . 18.85 18.6*1 Sweden, cables . 18.??5 18.76 Denmark, checks . 14.90 14.65 Denmark, cables . 15.00 14.75 Norway, checks . 17.50 17.62 Norway, cables . 17.60 17.62 Pesetas, checks . 17.52 17.44 Peseta?, cables . 17.60 17.52 Greece, checks) . 11.47 11.75 Greece, cables . 11.49 11.77 Manila, checks . -18.75 48.75 Manila, cables . 49.00 49.00 India, rupees, checks . 46.25 47.00 India, rupees, cables.. 46.50 '47.25 Japan,, yen, checks.... 48.00 47.85 Japan, yen, cables. ..-? 48.25 48.10 Argentina, checks ....102.30 102.60 Argentina, Cables ....101.80 102.10 Brazil, Rio, checks.... 27.75 27.75 Brazil, Rio, cables. 28.00 28.00 Marks, checks . 1.05 1.01 Murks, cables . 1.06 1.02 Czecho-Slovakia, chks. 2.8 2.8 Detroit United Surplus / Equal to ?310.79 a Share Surplus after expenses, interest, de? preciation and Federal taxes of the De troit Edison Railway Company for the year ended December 31 last was $1, 618,666, equivalent.to $10.79 a share-, $10 par, earned on the $15,000,000 cap? ita! stock, against $1,340,584, or $8.96 a shares, in 1918. Gross earnings in the year amounted : to $24,683,038, an increase of $5,669,020 over the preceding year. Operating ex? penses were $19.792,528, leaving a 84 - ] $890,510 net. Other income of $546,406 ; was added to that amount, bringing the total income to $5,436.91?;, or $731,502 greater than in the year before. After interest und taxes of $2,868,250 and $950,000 in depletion and Federal taxes balance available for dividends was $1.618,666, Dividend disbursements aggregated $1,200,000. the same amount ' received by the stodiholders in 1918. ; Surplus amounted to $418.666. ???-??-? Canadian Steamship'*- Year Profits of the Canadian Steamship Lines, Ltd., for the year ended Decem? ber 31, 1919. were $4,680,273, which compares with $2,324,098 in the pre? ceding year. Net profits were $2,836, 679, against $1,276,136 in 191S. Total' assets were placed at $44,657,179, com? pared with $38,919,677 in the year be? fore. - . ??? ??.? , ,, . ^^.-_,. .. I.I " '--'--".?? ,11, " ' . Transactions Last Week in Listed Stocks Summary of ?Stock Exchange Dealings Day befor? 316,700 595.200 911,900 Yesterday Railroad storks . . . 296.800 Other stocks . . 779,100 All stocks . 1,075,000 Yesterday Dny before U. S. government bonds. $8,774,000 $8,241,000 Railroad bond*. . 1,316,000 1,101,000 Other bond? . 3,774,000 3,832,000 AU bonds . 14,864,000 13,174,000 Tear 124,500 727,200 851,700 iMiunry 1 to dato 1920 3,999,800 32,310,400 36,316,200 Year ago $6.931,000 1,074,000 2,201,000 10,266,000 1919 4,221,400 14,963.500 19,184,900 1920 $472,119,000 65.829,000 65,514,000 093,462,000 1918 8,321,400 17,114,300 22,435,700 1919 $337.286,000 52,829,000 64,221,000 464,336.000 nigh. 1919. 34% 451/2 883.', 2% 53 ?"a 95 P6% 46% 95% 128% 61% 101 143% 51% 15% 101% 30% 122 68 120' 2 86% 105% 44 Div. Kate. Adams Expr?s?* Advance il um ?civ Alai Rubber . . . Alaska Gold ?Mino Alaska Jutienu . . Low. 1919. 25 34% 65% 1% 1% 36%-- Allis-Chalmcrs . 410t> 40% 42% 82 89 39 75 105 42 Net chge. Hid. 21/4 33% 400 39 89 901 12 92 5? 42% 42% 2900 82 84 2000 112% 116% 100% 46% S3'. 2 140% 99 100% 74% 97% 165% 61% 21% 55'.-a 6R'/4 16% 67% 74% 83% 82 ? 93 176% 75 123% 102% 49 134% 111 % 31% 96% 102% 114 14% 10 ir. 100 120 0 11% 29! i 30 124% 43 11% 95 18% 101% 53 87 74% 82 30% 10% 56 93% 39% 91 123% 77 96% 55% 119% 43% 15% 50 54 7 48% 69% 76 76 84 140% 64 103',;, sa 12 28% 42 115 1C6 17% 81 84% 103 10% 6% 10 97 93 6 71 , 22 Amor Agf* Chem. . . . Amor Art Chem pr. American Bank Note American Beet SiiKnr Amcr Bosch Magneto American Can . 690^ 44'/8 20U 96% 1703 132 1000 43% 300 12% 400 99 1700 22% 7 American Can pr... 12 Amcr Car & Fdry. . 4 American Cotton Oil .80 Am Drug Syndicate. 6 American Express . . ? Am Hide & Lenth... 7 Am Hide & Leoth pr 6 Am Ice sW pr. 6 Am lut Corp. 3 American Linseed . . 6 Amcr Locomotive . . ? Am Malt & Grain... ? Am Ship ii Com . . . American Smelting. . Am Smelting pr. Am Bice! Foundry... Am Steel Fdry pr. ... American Sugar .... Am Bum Tobacco.... Am Tel & Telephone. Am Tobacc oScc... Am Tob pr new. American Woolen . . . Am Writ Paper pr. . . American Zinc . American Zinc pr.... 2600 104',-;? 107% 400 58 58 3900 93 95 2800 81 82% 12100 91% 94% 400 31% 31% 30CO 20% 217 a 2700 62% 64% 300 95% 95% 900 42% 42% 200 92 92 2% % % 1800 '200 Anaconda . 3900 A:?n Arbor . 500 Asso Dry Goods. 700 A-.so Dry !:of>d? 1 pr. 200 At, Top C. Santa Fe. . 49CO At, Top & San Fe pr. 1000 All, Hirm & Atl. 2100 Allan Coast Lino. . . 2400 Atl, Golf & W I_ All, Gulf & W I pr., Baldwin Locomotive. Baldwin Locomo pr. , Bnllimore & Ohio..., 24O0 90% 90% 3700 146% 152% 100 64% 64% 66100 11078 1141/2 1000 93>-: 8900 343? 98% 48 80 75/; 134 104% 108/s 120 61% 1447-? 65 115% 104% 109 45% 11?.% 47 9 10% 26% 39% 56% 87% 33% 76% 66 63 91 21 % 41% 40% 44% 27 65% 67 56 63% 87'/2 4 7 21 30': Ball. & Ohio pr. 260u Barrett Company_? 300 119% 119% Barrelt Co pr. 400 106% 106% Beth Motors . 4800 22% 24 Bethlehem SG-el . 400 84 84% Both Steel, Class B.. 7600 87% 89% Beth Steel, 8% x?r .. 400 111 111% Bklyn Rapid Tran... 3600 13% 14 Bkyn Rap Tr ctfs_ 2900 9% 10 Booth Fisheries Co. . 1000 10% 11% Brown Shoe Co pr. .. 100 07 97 Burns Bros . 100 105 10b Brunswick . 1000 6% 7% Bul te Cop & Zinc... 7100 8% 10 Uutte & Sup Cop_ 9100 ?5% 27% Caddo Oil . 400 20 20% Calif Packing . 1000 79 79% Calif Petrol . 2000 33 34% Calif Vet rol . 300 70 70 Canada Pacific . 6700 1247;, 125% Cenlu.il Leather .... 6900 77% 81% Central Leather pr.. 200 105 105 Cent & So Amer Tel. 100 114 114 Cerro De Poseo. 3000*49 50% Chandler Motors _ 6800 126% 131% Cho3 ?i Ohio. 5900 57% 58% Chi :c- Alton. 400 9% 10% Chic <K? East 111. 1000 ? 7 Chic ?X; East 111 pr. . 400 8% 9 Chic l.r.-at Western. 14700 9% 10% Chic (?real Wesl pr. 8900 25 20% Chic, Chic, Chic Chic, Chic, r-.iw, Chic, Chic, Chile ->3 97,3. 13% 90 31% 50 23"% 100 54% c5 90 191 9 3,.'% 33% 36% 20 3?% 52 4-0 r,i;i/? 15% 78 Mil & St Paul 102|3 Mil & SI. P pr bOOO & Northwest.. 9200 K I ?i- Pacific. 2?t803 R 1 & P 7% pr 1400 B I & P 6% pr 1303 SI I\ M & O.. 103 SI P, M & O pr 200 Copper . 30C? ?'hi?o Con Copper 2600 3 Cuca Cola . 1000 Col Fuel & Iron. 14C.C Co'. & Southern. 800 Columbia Graph .... 2700 Col Gas & Electric. 300 Comp Tab Use. 300 Consol Cigars . 400 Consol Gas . 803 Consol la. Calla Min 1600 Continental Can _ 400 Continental Candy ... 1O00 76% 4 Com Products . 2000 0/8 28 147 104 15 24% 16% 95 89% 13% 33% 1C4% 4 8 56% 19% 75% 04% 172 345 ?5% 85% 102% 55% 49% 81% 41 ?8' i, 84% 1C8 62% 38% 16 90 22% ?3 51% 4% 13-/4 1E5 51% 111% OS! a 20% 71 51% 21% 44% 19 48 152% 105 90 33% 48'', 9'% 11 20 38% 45% 18 32 28 70 115% 183% 112% 48 35% 63% 30% ?22 26 71% 52% 15% 197 97 40% ? 79% 39% 1G6 6 D 10% 3' 2 20| . 108 100% 01. ? 17% 12% <;-V. s 85 10 s 26% 100% Con Textile Crex Carpet . 300 55 Crucible Sloe) . 17?0'j 203 1? 58% 85 152'H 225% 69% 66% 68% 33 29% 58% 86" a 60 13 80% 13% 69 50% 3% 9% 114 27% 76% 19% 70 39% 14 39% 13% 44 108 96 67 27?? 24% 68 8% 15 28 40 % 14% 25% 17% ?i 5 112 150 98 39% 18% 43 20 161% 21' ? 22% 43% 9 Crucible Steel pr. Cuba Cane Suyar. . . . Cuba Cane Sugar pr. Delaware & Hudson.. Del, Lack & West. . . Denver & Uio Gr. . . . Denver <?. Rio G pr. . Dome "?Sines . Bui, So Shore & Atl Elk Horn Coal. Endicott-Johnson ... Endicott-Johnson pr. Erie . Erie 1st pr. 8600 Erie 2d pr. 700 Famous Pluyers . 400 Famous Players pr.. . 200 Fed Min & Smelt_ 800 Fed M & Smelt pr. . . ?400 Fisher Body . Fisk Rubber Tire. . Frceport Texas . . . Gaston Williams . . Genera! Cigar ..... General Cigar pr. ., Genera] Electric. . . General Motors . . . Gen Motor;. 6% deb Goodrich, B F. 6600 Goodrich, B F, pr... 700 Granby Mining .... 400 Gray Davis . 1400 Great North pr. 2",00 Gt North Ore subs. . 4600 Green Can Cop. 10C Gulf State Steel. . . . 300 lli.rlman . 300 He? & Bar Car Co.. 1400 Hondee Mfg . 400 Hupp Motors . 3830 203 98 9">0 43% 400 80% 1300 93% 1500 171% 172% 1C03 S 8% 93 Vj 14.1 2000 113% 122 200 10-, 101 11200 14% 15 2C0 127 3500 357; 400 137 159 3910O 238% 254 JOO 74% 74% '4-!.. 7 Illinois Central .... 400 88 88 ? Internat Agricui . . . 1900 17% 19?" 5 Internal Agricul pr. ?CO 73 73 6 Inspiration Copper . 2000 54% 55 ? Interbor-Con f'orp . . 3000 4 41 Interbor-Con Corp pr 19X? 11% 12 C Ir.'.cr Harvester .... 300 118 " 118 ? lnt Mer Marine. 12100 30% 32' 6 lnt Mer Marine pr.. 39C0 33% 351 Internat Paper .... 1670 76% 791, ? Internat Nickel .... 3900 21>g 22 6 Inter'! Salt . .100 70 70 ? Iron Products . 400 ?44% 443 ? Jewel Tea . 1400 16 17 ? Jewel Tea pr. 230 41 .',1 ?? Kansas Cily South... 50CO 18 19 4 Kan City South pr..'. 1000 46% 48 4 Kelly Springfield . . . 8 Kelly Srrfld 8% pr. . ? Kelsey Wheel Co. 2 Ktnnecott Copper . . . 1.20 Keystone Tire . 6 Lackawanna Steel . . ? Lake Erie ?it West . . ? I ake Krie & West pr ? Lee Kubber & Tire. . 3% Lehigh Valley . t. . . ? Lig & Myers T C rta ?. Loews, Ine . ? Loft Candy . ? Loose-Wilos Biscuit. ? Loose-Wiles Bis 2d pr 12 Lorillard, P . 400 152% 153% 7 Louisville & Noah . . 1000 104% 104% 7 Manhattan Elevated . ? Maxwell Motor Co.. ?- Maxwell Motor 1 pr ? Maxwell Motor 2d pr 10 Mexican Pet . 28100 178 2 Miami Con Copper. . 203?0 22 120 Middl? Stales Oil... 4100 *28 4 Midvale Slert . 3900 46% ? Minn & St L new.. 5600 15% 51 400 113'/ 300 4A . r 1600 26 % 20O3 54 3C0 25 2% 112% ? 97% 2O/4 1% 1% 0'% 1% 54% % 87 1 % 27% 2? 1 2% % 157% 12% 250 - % 73 783/4 37% 4'/a : 3% f Record of Stock and Bond AvcrageB (Copyright, mo, p!pw York Tribune Inc.) ? Range tnn? far 1920. Day Yesterday. Before. 20 nailrond irtockr. CO.05 65.60 30 Industrial stocks. 94.70 93.10 50 Stocks . 82 84 82.10 10 Rnllroad bond.?. 73.45 73.18 10 Industrial bonds. 39.38 00.15 5 Utility bond?. 73.90 73.76 25 BoniU . 83.11 80.C3 Year Ago. 71.35 84.70 79.30 80.76 94.98 85.64 87.42 High. 68.20 1?0.30 02.68 76.28 91.45 74.53 81.71 Low. ?8.60 89.47 77.14 71.76 , 89.88 7360 79.48 Rang? fall year 1919. Hteli. Low? 73.80 119.33 99.54 82.83 95.70 87.75 87.91 63.35 79.20 75.92 82.80 90.56 71.80 80.21 fTi.lh. Low. Div. 1920. 1920. Rule. 741/2 63 7 89[/2 7 6 ? <?4 IO34 18 ZS'/'z) 21 ? 36 ? 691/2 62 3 51 3G'? 4 12G 11014 7 72 % 44 ? 83 7 65 5 8 ? 70 6 731/2 5 4'/4 ~ S9fd 80 11 Vz 091/a 86l/4 6% 17'/a 47% 117 731/2 30'/2 481/a 32'/2 20 14J4 D9 8H'? 77/4 &0?? Wz Wz 142 Wo 65 108?4 1?3I/8 47/2 42% 5534 14 41 '/a 32 61 66% 42 Vz 62 82?-,', 23'4 98 ?3% 91'/2 297-a 27% 103'/-, mi/o 96 102 1C6?4 22% 77% 36 94 51 ? 243.., 50 110% 77 21% 16% 25/4 34 17% 29'/? 9% 17% 90',4 ??334 82;-4 105% 247 241-4 57s/;i 431/4 861, - 115% M, 8 P & a f M.. M. S I' & 8 fl M pr Mo, K-- & Tex - 'lio, . an ' Ter pr. . Missouri 1 1? *i??' - Mi'..'- .i-i Pu? fie pr. Montan i Powor .... Mu'lino Bi -'y . National ?li.-'i-uit .... National Aniline . . . National Aniline pr. Nnt Cloak & Suit .. Nat Con S? Cable . . Nat Enftmcl & Stp, . National Lord . 2000 Nat R R Mrt 2 i pr NU? CIOS?, rhge. Bid. Ask. 74 + 2% 73 74 ZWz? Wz -10 141/3 l'/z Nev Con Cop 39'/2 ? N O, T & M. 1000 92 10 New York Air ?rake 64(4 5 Now York Central.. 4000 2334 ? N Y, Chi & St Lou. 1000 30 2\'z New York Dork _ 400 N Y, N II & II. 2310) N Y. Ont & West . . 1630 Norfolk & Southern. 300 Norfolk & Western. Northern Pacific . .. Nova Scotia Steel . . Ohio ('as . 660*3 Okla Prod & Kef . . 8600 Ontario Silver . 400 **?-*', 2 16 10 88 68!, 4 503a 38% 4% 6 Vz 120 Otia Elevator . 700 130 28',-b ? Otis Steel . 1600 30'/4 31% 30|/4 51 3 7134 6 673/i 7 37'4 3 40 3 20 ? 11 ? 'in " -*? 62 5 3i% 3 50 4 493-4 ~ 15% ? 89 8 51*4 5' 89'/?3 6 2114 ? 16 84 109 77' a 891-4 IO334 19% 64% 33% 49/4 ? 97% 6 36!/2 ?? Owens Bot Mach .. 600 Pan-Amer Pet . 21900 Pan-Amer Pet II. . . Parish & Binffham .. Pennsylvania Rail . . Penn Heah Steel ... Peor?a cS'c Eastern Peoples ('a.**. & Coke. Pero Marquette .... Pore Marquftte pr. . Pero Man? prior pr. Philadelphia Co . .. Pitts C, C & St Lou Pierce Arrow . Pierce Oil . Pierce Oil pr Pittsburgh Coal .... Pittsburgh Coal pr.. Pitts ?. W Va . Pond Creek Coal . . . Pressed Steel Car . . Pullman Pal Car .. Punta Alegre Suirar Rail Steel Sprin?* . . Rail Steel Spring pr Ray Con Copper . . . Reading . Reading 1st pr .... Remington Type . . . Railway Sec Rep Iron & Steel ?eplojrl 70 6 13% ? W/2 1 15% ? 23!-, ? 11 _. 21 ? Wz - 75l/a 3 34% ? 64 6 88/3 6 200 20 ?a ? 50 ;> 3<J 4 50 4 3 ! ?4 7 137'-. 100% 5 50% 41 3 12/4 9<4 -- 231 IOC's, 10 43% 25 ? 193 156!-*2 ? ?I 4% 95j/2 106 113., 24 3834 66/2 190 110 es 121 % 148 53 53 201'. 2 12% 293-? 1163 56 j 96?/ MS-3., 115!, 76 47! 109 12 ?? 61 6 92 7 10% ? 54/a 5 1CS S 108 7 2-Ta ? 1 I0 10 125'**,. 7 ?18% 3', 40'.-, 4 8-?-iv ? 20J;. _ 15% ? .53% 2 77% 8 40 ? ?i 4 3 51'4 8 110/4 0 CI1 ? g 44% 3 9:. 93% 5,20 Uy! Dich N Y .hare? 7".00 102% 103%. 102% 102%-- 1 Savagre Arms . 400 Saxon Motor.*; . 1800 3t Joseph Lead _ ??00 St Lou & Sun Frnn 39103 St L ei San Frau pr 800 St Louis SouIh'n . . St LouLt ?oulh'n pr Seaboard Air Line.. Soab Air Line pr.. . Shell Tran;; Ter .... Sinclair Oil . Sloss-Sheff St & Ir. . 2400 Souihern Pacific ... 20100 So Porto Rico Suirar Southern Railroad .. Southern Hail pr ... Stcwnr ?.-Warner .... Stromberg C&rb ... Studebakei S'utz ?4otors . *; .... i inr Steel . i enn Cop &? Chem . . Texas Company Toias ?. Pucific .... Texas Co 30% pd. . Third Ave Rail .... Tobacco Products . . Tobacco Prod pr . . . Toi, St L & W clf^. T, St I. A W pr ctfs Transcon Oil . 3*00 TransiK W Steel ... 1500 Underwood Typewr. . Underwood Tjpcw pr Union Oil . Union Pacific . Uni'cd Drug . : United Drug 1st pr.. United Alloy . United Fruit . United Ry Invest . . In:Ltd Ry Invest pr. 1500 24 U S C i P & I'dy. . . 100 18% U S food Products.. 2000 60% U S fiici Alcohol ... 6630 84'2 U S Really l?? Irnpvt. 200j 46% Utiiled Retail Store*. SS'OO 70 U S Rubber. 10900 99% U S Rubber 1st pr. . 400 112 L S Smelt & Rsf_ 40C0 61% > U S Smelt & lief pr 400 45 U S Sicel.459C0 93' a 2000 100 00 171% 1/1% 17134 1/1 J. 00 108% 108% 108% 103% 32% 31% :*2 ? 120% 110 119% 132 13.* 132 49% 453,4 40% 45% 443.4 185% 1834 0300 32 3500 120"/s 200 132 400 49% 400 44% 400 ?84 12400 10 % 119 1% 132 40%f % 40% 46% .- 1% 45% 185%-j- 2% 184 10'/ 243, 18 62 .4 48 71% 103% 112 CO 46 99% 10 60% 83%, 46'. 2 69% 10 24 1834 62 86 -t- 2 48 H 2 70% 4 % 13; 9% 23% 18% G1 SS 46% 70% 120 146 50 46 136 10 24 19 6 ! % 86% 47% 71 99% 101%+ 2% 1013 4 101% 112 112 -j- 2 111 113 115% 109% 80% 65% 57% 42 72% 59% 112% 108 65 -I 40 ? 9?% + G;;1 4 ob ?453/4 48% O'.?'/? &S?4 U S Steel pr . 400 111% 111% 111% 111%+ % 111 111% Vtnh Copper . 2100 72 74 72 74 +2/3 73% 74 4 10% 29% 20% 58 12% 20% 27% 64 119 55' *? 62% 14% 22% 663/4 32 3?34 130 7% ? 20% ? 14% - 49 ? 8% ? 14% ? 20% ? 54% 4 10S 7 6'! 9% .';!> 120 'Kx dividend. Vanadium Steel .... "Va-Cur Chemical .... Va-Car Chem pr. . . W abash. W.i-I.r.;*h pr A . Wabash pr B . Well? Fargo Express Western Maryland .. Went Mary 2d pr Western Pacific .... Western Pacific pr.. Westing Air Brake.. "tVcstinshouse Mfg . Wilson Co . Wheeling & L I.. . . Wheeling & L IS pr. White Motor.*. . Vt'illys Overland . . . Wisconsin Centra] . . Woolworlh . Worih Pump & M.. 3800 48% 49% 48% 48% 800 65% 6G 65% 65% 400 103 108 108 1?i'8 - 48% 48% C5% 66 105 108% 400 122% 122% 122% 122% Bid and Asked Bid Asketi Allts-Chal A.m Agr C Am '?anil .. lo' Aui Boet S pr. s.S All) 15 S A: t* Si? do pr . ? At.) I* i '?* ,.r 11 ; />:?! Cl Oil r,r ? Am Ico Si,, jiji Blil. A.-*kod. ;*r. >.'.? ? '1 -il ('uif Al pr. ?:'j pr. Am LUiHced ' r *.'i Am Shi; i, dg Am *~:i.-.: pi'A ' Am . Mear pr 11 Am Sum 'i' pr si Am T11I ,v f *.. Am Tobare ? U? As?n ts Rea! Co 2rt pr 'I? ? H 1st pr -- lifVi iHnmestaku . . 00 85 inter liar pr.112 113 tutor Motor T - 121) , do 1st pr... -* ;s 1 oo ;':t pr.. ,i. ,-?; -, Inter 1'aper pr ;-, no r ??' pr ?.!>!. ;s U filter Mckei pr .-*'., g-j Iowa ? antral. .* ?1. ?1^ A Oil. J! ) II K !' PlSiVM ?., Kolly Spriug |> ,.,-?,.> W ?* p, ?V !Ok vt !) m Kresgo, S ? 2.1 t?ar:!?rtt Ixialii 111 pr! Belli S 7'h ].c 37 llklyn Kdlson 91 BUlyn 1* ??a.s. -? Brown .Shoe Co :'', Bunio llr< s 1 r lin ?UlT. It ,\: [? it, ? IlMlT & S?,. _ 1" pr.lO*) Lime K ,1c \v 11 1. ft M T Co 165 pr. Bush ToniilnaJ - Can ?outliern 414 Cuse, ?! ? ;,:? ...-; t'i-'i? F cum !r}* . ,20 P.* Cort c 1st i>r.S4U Chi I'neu Tool S3 ?'?'?' a ?itL pr ?>*> Cluett-I'ett .. 85 el" pr.100 f A: S 1st pr .-"l ill? 2d pr. . 4-j 1 ' -i Graph pr ? Con Can pr 101 ?'on Ins Co . ;*.? ?*'..*n Prvid pr. lf>r 1 uha-Arn Sug gao ,100 Uaekay ? a ::' ? do r.r. 61 " 0 Slanati Sugar.10 1 11 'i' W.05 10 Man I'.iai'h.. . ?*>? slartlii Itivk.. 60 7 Muthcscsi A \V SO Mas I? S pr Ul n Mt? Pet pr. 91 10 Ml? :? l'o:i . . . 82 M.r-tl'.SRtMMi 51 ,; Xinii Power pr 99 lu Morris t: V. 69 ilullins J*. ur 87 Deero ?*o or. . ?ou iy 1 Detroit Ed.. 103 107 Dot Un it B 88% -r lvaiamvl ?VI..115 123 o. y s Si a pr. 10*14 11 y Durham U.w. . r.f, ?1 ?lo pr. '??*? |0l? E.'k H ?.-?al pr S3?H ?2 Em Droj-It pr SSUj i.?i. Fisher n.>ly .1W 130 do pr. y: loi Falrbuilu ... ? 73 ;\'iU BI3 pr. .112 .Nut (' S S pr 91! Nat R & s pr 01 Vat I,-a, I pr.105 NHRofMl? pr NV.C&SDlstpr 80 1 du 2rl (>r. .. 42 N Y i)..rk pr 4s s r u & w sr, Norfolk A Wpr 67 Am Ohio Fuel Otis Uto pr.ll? i-ti-i Stool -,.- - - Oi'i'-i H M pr - - Paclflo Coast. 25 ' do 2d pr... 43 ipiu'ino lliirmt 65 Pacido Mall... 30 127 97 Bid. Asked. ''.'i pr. SO 90 Studobaker pr 100 10 : .''up Sti??.'! pr.100% 105 T & P i, T.?40 S49 'ildo Wat 011.170 210 i ?.' S i>r Am, 160 224 1I11 pr.10? 78 V Drue 2d p.-. : 0 I! .S Express. 30 34-K I' 5 I A pr. 100 1W Va I. V i:?:, 30 OSVi Vul Det?uulng, 24 a I ?c S pr. 100 V. 101 : do pr 88 Rop My.o,' T l,ri 4i]'. W-.i-l; M 1st pr 621 Sear* ll*bobiick.2184 219 WiUoa Co pr 95 do pr.114 116 Willys () pr. S7 S-S s & 1 pr 90 93 \V P&M pr A S4 ? 1' K Siii^- pr. 1?2 ?lr. I do pr 11.. 72 Standard Mill.125 1 JO ? Pan-Am ivt pu:. 2'?0 1'enn 1 C pr 9) 92 Pettlbone M tv- s:i 3ti , do 1st ir .. 95 11.'. 1 Ptereo-A pr,.100 101 1', Ft VV & c 122% 131 ? Pitts Su-ci pr Mi 91 P & VV Va pr 75 P S C of N .1 68 ! Heading 2d pr S4 ? Hum T 1 a pr 98 2d no 90 1 '.1(1 A-,k?nl. 153 107 Stock ?j\ Dividend Feb. 2S American Express. Feb. 2T Arn Snidtt & Rat....'.' I /-'Pb. 26 Delaware ?.- Hudson ..'.' Feb. 2* Diamond Match . ; Feb. 24 General Cljtar pf. * Feb. 21 Harbtoon-Walker Refract . ! Feb. 28 lut Motor Truck temp 1st pf I I'-eb, 2S do 2d pt . Feb. 21 Manhattan .Shirt .... Fob, 2S Norfolk A- Western Ry. ''? b, 27 UniU'd Ciirar Stores pf. 1% 1 2 hi 2 IV4 3% 3 in 13 *n 0 1?4 ? 1 ?i Dividends Regular D?clar?tiont Stock. Rali?. Hoc j Can Steamships. 1-"-i ?J rln* pf. 1 s,, Q ! C, X O g? TPRpf V% Q Fair Mor ^ ?: pf 1 1-, q . !<? nnecot Copper 50c Q f?en Chem pf.. 114 ?..> Iveo I).;? M R pf 2 Lawrence Pft... 1 'i Q Mackay Comp'B l ?a Q do pf . 1 (j National I.r-iul . . 1 % Q Otto Eis Mros pf 19i " Price H. Ltd. stk22 : Proo & G, 8 po pf 1 '6 g US in Alcohol. 52 ?J . ablp Mar. 15 A r r. I M;'.r.' I Mar. 31 Apr. 1 Mar. 10 Mar. 1 Apr. ! Apr. i Mar. 31 Apr. ! Feb. 25 Mar. 15 Mar. 1 Stkhld of reco 1 Feb. Mar. Fob, P*eb. ! -Mar. Mar. 1 Feb. F?b. Mar. . Mar. 1 M,tr. t Mar. i Feb. . Feb. Mar. Douglas M. Robs has np-fned an invest? ment bu.slnc-as with offices at T'tica, N y and vt-ni deal in high-grade bonds and local securities. In Wall Street Times Change "people who bought railroad stocks ? a year ngo for investment" observe? lone of Wall Street's wise men, "arc now buying them twenty points lower for speculation." Confidence Still Lacking I With all the improvement that his I taken place In the last few days m ; rails and industrials the stock mar | ket following as a whole is far from ?bullish. While many brokerage | houses are telling their customers that the rise may carry somewhat further, there is quite a unanimity of ; opinion that it is best to take profits as they come, rather than to wait for t*ae Ion* pull. Indicative of the kink of advice that is being given traders lu brokerage houses, a leading firm said yesterday "for"the present we would make new commitments only on i sharp reactions." In other \-mrOs, con? fidence in the ability of the market to amount higher in the face of current : obstacles is not what it was before ? the terrific fall in values a short 'while buck. Accordingly the buying ?of the industrials in particular is not. : oi the aggressive kind, so necessary t.. vigorous bullish operations. On the contrary the buying in this de? partment is extremely caution.-, suggesting that traders uve not at all svre of their ground and are operat^ iiiK conservatively. The Motors Motor stocks as a group gave much the best performance yesterday in 'weeks. Under leadership of General Motor.* common stock, which apparent ] ly was nished ahead by urgent cover ing by "trailers who sold the stock in : anticipation of the recent decline r.nd , who had not taken their profits, the ! rise in the motors was rather pro : nounced. And with the dying out of ? the movement in the rai?3, which \ seemed to have spent its force for ': the time being, the uprush in the motors was the big outstanding de? velopment in the day's markei. Gen i eral Motors stock attracted most at | tcntion not only because of its sen 1 sctional strength but also because of the fact that it was the special target ,of the professional bears during the : late market unpleasantness. On total dealings of close to 40.000 shares, Motors, which had closed at 237% on '. Thursday, touched 230 by midday, shortly after reaching 254, the hign l'or the day's move. After that _ it dropped below 230 again, but rallied ; at the close to 250?4, where it showed a net gain of 12% points. Once Gen : eral Motors started moving forward, : the rest of the motor shares swung : into line. At its top General Motors showed a recovery of nearly 30 points , from its recent low, while the other I motor issues showed recoveries of 8 to 10 point?. The Raite Profit-taking was held responsible for [the slight leveling off of many of the rails yesterday. On the whole, how? ever, the group held i;.-* ground rather * well considering the estent of the rise in the eyes of most traders. It is stated by those vvho claim to know that for | the first 1 ime in a long while a short interest exists in the railroad group. The borrowing demand for rails has been fairly active since early in the week. Professional traders who baucht ?the rails on Wednesday when the rise started too/: their profits, it is said, and after having lost their market, for I the rise continued on up without them, they sold the rails '.ho*.*'. While the short interest is probably not large it ; is probably of sufficient size **o bring | in some buying on any sharp decline. A large Wall Street house says the lo , cal buying of the rails this week har' been of excellent quality. Predict Better Copper Demand Leaders in the copper producing in? dustry aro looking for a revival of buying of the metal within the course ! of the next two or three weeks. The ; copper men said yesterday that they figured most of the 500,000,000 pounds of copper bought for domestic and for? eign consumption in December had been used up, ar>d will have to be re ? plenished, January sales approximated ."00.1*00 00o pounds. So far this month saks have been very light. Copper is , currently quoted at 19% cents a pound , by the large producing interests. Exporting Capital to Canada The flow of American capital into ; Canada, according to A. E. Ames, o the | (.'anadian Investment lieuse of th t ! name, is reaching unprecedented pro? portions. "Largely as the r.**u t of the ! exchange situation," said Mr. Ames yes? terday, "and doubtless the recognition of the underlying strength of Canadian ; economic conditions, investment i:*. new issues of ('anadiar, securities during the last eight weeks alone apnroxi mated ?10.000,000. The same elements, coupled with the existence of the pref ; erenti.il tariff with the Ji?riiish Em ' pire, find expression in the fact that some $125,000,000 have been invested during the past year by American com? panies in the establishment of new in : dustries and branch plants in the Do ! minion. However, concomitant with '. this situation which bus grown out of conditions that have now placed Ca? nadian exchange in the United States at a discount of about 17 per cent, is the expectation of the return of 'ex? change to normal levels, and these ; figures suggest graphically the, vita! in : terest of United States business men ; and investors in the adequate solution of the problem." Lackawanna Steel Like Republic Steel and other in? dependent-, the Lackawanna Steel Com 1 pany suffered from the steel and coal strikes in the final quarter of 1U19 and it is understood that the annual report covering operations for the full year, scheduled to be issued next week to stockholders, w'fl be disappointing. In the first nine months of the year Lack? awanna earned about s.3.50 a share on the stock, but the final quarter more than offset this, it is understood. The Republic Steel report which was ex pected to be put out this week has not yet made its appearance. It has been predicted that it will show about St a ??hnre earned on the common stock or about $2 less than the annual dividend requirements. New Issue of Treasury Certif?cales Se? for March 15 WASHINGTON, V*eh. 20?-Another issue pf about $300,000,000 of Treasury certificates of indebtedness may b'e expected about March 1*5, Secretary Houston announced to-day. He de? clared he saw "nothing in the present situation to increase the interest rate." The last issue bore A\ per cent. The forthcoming issue will follow the payment of about $S?i0.00?,000 of cer? tificates to be retired March 15. The new issue is to be smaller because of receipts from income and excess profits taxes. ; -o National Motor Car Earned ? $6.89 a Share on Capital Net income, after all expenses and depreciation, but before Federal taxes of the National Motor Car & Vehicle Company for the year ended Septem? ber 30, 1919, was $551,723, equivalent to $u'.S9 a share, no par value. Net . saks were $3,997,28?. Exchange to Close Saturdays PAK IS, Feb. 20,?Decision has been reached by the governors of the Stock Exchange to close on Saturdays, begin? ning February 21, until Seotember 25. The only exceptions to this'rule will be j the Saturdays falling on May 15 and I July 31. <.* ? A circular describing Otis Steel Listed on til? New York Stock Exchange Annual average earnings for the three fiscal periods ended December 31, 1918, were equivalent to $9.75 a share on the present common stock, after pro? viding for Federal Taxes nnd 7% divid? nds on tie preferred stoc'.r. Circular ?-W icrt'. upon rtqueti A. A. Housman & Co. r New Vork Stock r.x?-fia?w New TorhCc>ttor.Eachai)g? ', N. V. CoftV? t Sugai >?,?" Member? 1 ^'f VoTicaPro2 "il}*'* ' I Cb'.'n-A'. Boat I u? Trad, ? Associate Member? of ?? Liverpool Cotton A38-n 20 Broad ?Street. New Yorfc Eiano!) Oflh*?25 Watt 33d 8t. New York Cl'y Stock? Stronger In Duii Session On Curb Market Iiitcrnalioiial Petroleum U Feature of Trading With 7-Point Rise on Big Turn? over; Houston Ore Firm Stocks in the outside market dis? played a Eomc.vhat strenger tone yes? terday in a rather dull trading session. Short covering purchases gave the market most of its strength. Buying for the long account was not very heavy at any time. Homer field oils continued their im? ? provement and Simms F-troleura an.l Gilliland were strong. The strongest spot in the oil department was inter? national Petroleum, a Standard Oil subsidiary, which recently acquired ownership of the Tropical Oil Company, a Colombian property. International advanced from 60 to 67 yesterday c. . active bidding-, the total dealings in ] the stock exceeding (.'.,000 shares. In connection with the rise in the atoe'; it was reported that the company has under contemplation pians for a capi? ta! reorganization. This r/.ory was ;n circulation seV-erai weeks before th ?i ai ,'c: the acquisition of the Trop'cal Oil was concluded. Houston Oil was firmer, getting up to 103 and closing et 101. Invincible : closed at 33. Carib Syndicate held f.rm around 33% after ope'iig off. General Motors new stock was the leading issue in the industrial group, and it rallied nearly 2 points to 2H\, following the rise in the old stock oi. the big board. Industrials Sa: v. Oppi Hi :h. Lo?. Last ? 7600'Acme Coal ... 1% 2% i7j 2 100 Amer Candy... J?;:? i'--. 10% '.????, 1 ' ?Am H S S w i "i 7! 71 :: 1800 Am Safety R?z 10% 11 10% 10% 600 Austin Nichols. 25 25% 24% -r ?00 *?io pf. 88 S8 SS 58 3000*Br-A T coup. 10% 19% 19% 19$ 5000 * do rb . 7% ?% ', , ". 200 ?Car Li. &. P.. 2% 2% 2 . 2 400 *Gen Asphalt.. 86% S? S4 <:? I."?1'!'-'? *Ger, Mo vf ?.. 24 % 26% 24% --'4 . 3700 ?Goldwyn Pkt. 27% 28 25% *6?a : 1300 Grape-Ola _ 1-1 t% 1% 13? 1200 ??o pf. 2 2 I' 2 100 ?Hull Signal . . 3 3 3 3 400 *Hanes Knit... 2'1"-h -^'h 26% 2*i!ii 800 ?Heyden Chem. 5% 5% 5% ?^? 700 Hock Val Prod 16% 17 16% IT 400 ?Hydraulic Stl. 31 32 SO1? 31 '? O Indian Packing 3 4 % I : 7?? 13% I4?4 2200 Inter Rubber.. 13 13 10% 11 1000 ?Kay Co Ga->.. 1% 17j 1% 1% ''?'Lima Looomo.. 74 77 74 77 - 600 ?Line Mo Cl A 50% 51 50% 50% 2600 ?Locomo n w i 21% 22 ? 21 214 ; in.'iii ?p Lorili.'.rd rta 6 % 7% 6% Vi ; 1200 Marconi of Am 4% t'i -;?'? '? 500 No Am P & P 6 6 5% "? . 7000 ?Orpheum Cire 28% Cil6, 28% 81?j 100 ?Patch-Ply v.- i 41 41 41 41 300 *l'a Coal & C. 30 30 80 30 3000 Perfection Tiro i'-? ?? % 4% 4sj 1000 ?Bndio Co w i. 2% 2% 2% -'?; 1000 *do pf w i... 2% L", 2% -N 21810 ?Rainier Mo .. 33% :.J:-. 30 3;'-j 1800 ?Repub Rubber. 3% 4 3% 4 ?' ? ?Root & Vand. 45 45 44 4?4 500 Submarine Bt. 13% ! ;:-. 13% W* 200 ?Tob Prod Ex?> 19 19 19 13 105*Todd Shipyds.164 170 154 IT, . 2500 ?Triangle Film. % % % > 500 ?U S Hi Sp Tl 34 ^ 84% 34% ^'' 1 1500*Un Pic Pr C. 11% 12% 11% ? -*-' ; 5000 Un Prr.1t Shar 2% 2% 2% 2* 6000 ?Un Ret S Cdy 14% 16 14% IS 1200 U S Distribut. 53 55 52 ?1 40 "S Stmship C '-'7s 3 -,2i '?'? 1000 ?U S T-ansport 10% 10% 10% )?% L00 ?V Vivaudou In J'? 19 19 W 200 ?Warren Brns. Ci ?74 63 H 400 Wm D?ivi??Hr... 41% 42 'i 41 100 ?Willys 1st pf. 96 96 S8 9P Standard Oi'? Salta. Open. Hi^h. Low. Lut 850 ?And >-Am Oil 2:') 25% 25 25't 20*St ? Co ?.O!) ?? 815 314 JH 40*StOH (N J).. ?? 707 702 705 190 ?St O of N Y.. ? 413 403 4M Other Oils Salen Op-'n. H -'"h. J ""'? l-?8'' '""> -Mien Oil _ 1% l'-j 1% Ijl !c 9 ^Alii^ Oil .. . % ir % W I5i"'0 ?Amal Royalty % : ? H '* 4100 tAnnaB??ll WO 65 67 65 ? . 100 "Ark Nat Ga-.. 25% 25% 25% ?% 200 ?Bai-nEdall Corp 50% 50% 50% Wg 600 ?Bell Pet _ 1 '.'-, 1 J* 7700 ?Boone Oil ... 4% 5 4% ** 501 l*tBost-Wyo Oil 1% i ?.- 1% ,\* ? 2000 ?Oarib Svnd.. . 32 33% 30 ?g 300 "Circle Oil ... 4% 4% ?% .,,.1 200 *Cit Serv II T, ?..'!s 39% 39% 3?v2 1000 ?Columbia Emer 12 12 H u. 200 "Contir.etal Re? 4 ?! '? J, 1200 ?Cosden & Co.. 8% 8% >s'i 2"?? *CushiiiK Pet.. 2% 2% 2% 7000 ?Dominion Oil. 12 12% 12 ljS UPO ?Duqui?sne Oil. 5% 6% 5% J -? 4500 *Elk i:.?:.in Pet 8% 8% 8% JS 5000 Engineers Pet. 1% 1% H4 :? 4800 ?Ertel Oil .... 1^ 1% ?r* l3 1000 ?Esmcr O ? G. % % J? ? 4000 ?Federal Ou . . 3% '? :' > ,? 500*G:UiUnd Oil.. 40 4^! S8 3? 500 "il?> ; t '.?_' 93 ? g 300 *Gi.!iey-Gil Oil. 27% 28 -"'i :i. 300 ?Gum Cove Oil 2% . i- ?J 100 Home Pet of D 3% 3% 3% ,..f* 300 ?Houston Ou.. 100 103 lOO lvi 6300 ?Hudson Oil . . % 1 * -? 200 ?lndiabcma Ref 7% 7% ?** ':\ 63.Intct at Pot.. 60 67 ?'' g^ 3800 ?Invincible' Pet 31 20 ?0 "Tiland O & Tr 5% 5 ? / 1700 ?Kin? Pot Corp 2 ;i 3 500 Livii grston Oil. 1 '?? "j 15000 "Lance Cri-ek.. 48 65 6C0 ?Ix>ne Star Gas ST. 36% 400 ?Magna Oil .. 5% 5% ?>* A" 400 Manhattan Oil ?':\- 2 ? 28% -, 1000 ?Vara.-aiV. Oil. 17% 18 J'* ?J, 1000 ?Merritt O Cor 19 19 lKl 200?Metcx Pet ... 4% -'s -? In to V -t Petro .... 2% '" ? ?'"? 10O0 Mexico Oil _ 2> Mey-Panuco Oil 15 2?4 3 7-4 Vk ?s a IS 3?T?. lltl 3 IS 2500 ?Midwest Ref. .150 L55 16?,, " ?? 700 ?Midw-Tex Oil. '3 Vi ,? ,* 150 ?N Amer O&R. 4 4 4 ' 500 ?P?nnok 0?1 .. T?! 7"* ? ,? 2600 ?Phil I'-, (xi.. 3? 3S ?J \ 500 -Prod & Ref .3 8 ? '? . 300 *H??d Rork Oil. 1 1 }. ,\ 300 ?Rickd Tex Co. 1 ?-.. 1 ?& ;.; ij 2.?!:vai? Pet_ :::'-i 3% ,?;"? ?i 1500 t 'alt Crk Prod 50 51 3'' '414 300 "Sapulpa Refjt. ti 01? b. ?j 1500 Stxiuoyah O ?ft R A ''?-? ,.ff tt? 3600*Skelly Oil ... 10% 11% -'-"" I? 18000 ?Slmms Pet ... 35% 37% ?J M C00So States Con C 1% 1^4 '.* M 140? Spencer P?t C. 19% 19*? "2 - 1800?Stanton OH .. % ^ .,*? ?j. 200 St>iner Oil ... Tl 13 }?? , ? 800 ?Superior Oil.. 13% 14% J** ?j : ?0 ?T-..-,". Chief ?I) 20 -"' ;'. Sjt 1000 ?Texa.i C; ??? i. I" *8% ^ <,| 200 ?Tex-Pae C & O 98 PS ?' J^. Continued on next p?#*