Show I I OL INDUSTRY IS s IN ITS STRONGEST POSITION I Government Working Hard to Speed Up Production to Overcome Shortage By Badger Bros Private Wire I NEW EW YORK April Apri 6 Men Men In close co t touch with the oil olf situation wih say never ne before has hs the tho Industry been In such uch A strong position There Thero Is a bl big shortage short short- ago age ahO In oil 01 and amid tho government o Is working working work work- tork- tork In ing hard to speed up production i 1 ala tain speculative Interests In Wall Wail al street t sensing this are arc preparing to exploit Information the times these conditions according to reliable I. I Last t year cr the count country's oil 01 reserves were heavily drawn upon to supply tIC the needs o of our allies and what has In Increased increased in- in 11 creased the shortage this his year ear hia has been tIme the the huge demands for tor arm army and na navy nat use ue In Wall Yal street the lays lay's n news ws from n the his battlefront W was adjudged favorable ta orble as asfar asfar asfar far as it went but of course not at all aU conclusive Tho The market did ld nothing one Wa a way or the other A certain amount mt o of sensitiveness was shown In tho sugar group roup and railway shares lost ground not for time the reason that there were many sellers but bul because buyers buers were cre few te The court decision forbidding the upstate up up- uP-j uP state public service commission to lo alow allow allowa a a. cent C fare for street railroads In up Rochester put a stop to tho the little Itle hu buy buy- 11 In inn movement In II tho ho local and amid i and public utility Issues These were about the only features In the most un Interesting day lay th stock exchange has has' stoc had so far Sl Signs ns of oC easier ensler conditions condition In the mone money market which have been len slowly growing plainer all al week were cro stilt still more apparent Neither American Telephone nor Vestern Western West West- em ern Union Is directly concerned with the Investigation of or telegraph tele companies Apparently the Inquiry Is confined to th the various arlous subsidiaries of 0 the Mackay compan com corn pan pany If I It should bo Lo extended to to- to-tho to tho ho other concerns concerts later It would not be be considered anything unfavorable On tho the contrary the thc president of American Telephone and Telegraph company Is on record as saying that a proper valuation of tho the company's campans property would reveal reveal a replacement value lue a 1 good deal ceal above c what Is represented In iii current curent market marlet prices for the stock Globe New ew Liberty loan absorbed attention of or of lend lending Ins Interests In m Wall nI street after the close yesterday Impression lon pre al prevails prevail that cose the market will wi be stabilized until success of or new loan Is assured A 4 Chicago dispatch states Swift I Co will wi pay extra dividend of oC In stock of foreign subsidiaries News i j Interstate commerce commission to tomake tomake tomake make general Jeneral investigation In of petroleum railroad rates Washington announces Investigation of or all al wire companies There is some somo saro probability that hat tol steel istock exchange exchange ex- ex change securities wilt will wi bo be sold Bold to release a funds for Investment In Libert Liberty bonds bond Journal Commerce oural Accumulation Is ii In evidence in a aber anum num- num ber her of I Issues sues on the time stock exchange Walt Wall Street Journal We look for or a a. firm stock market and nd would bu buy on weak places F. s.-F. s. F. F B. B Keech Holders Holder are arc confident of or their position position tion ton and expect new higher prices In the time thene ne- ne near ner r future BOnd Bond Bond McEnany |