| Show RECOVERY SPEEDING TO NUMEROUS T iNDUSTRIES Oil Oi Is I Latest to Turn Tur Corner and Copper Shows Similar Similar Similar Simi Simi- lar Inclination Furnished by Harold U. U Smoot Co V W NJ-W April Apri 20 Well Wel Well sustained d strength In the oil 01 and and copper shares and ana decided weakness In the sugar group were the Iho teal features Ur 8 In Tuesdays Tuesday's stock slack market its He- tween thes conflicting movements the balance bal bal- ance ince linte of the list d did comparatively little one woy way or the other oilier Th r Is Ia no mistaking the Importance of ot the advance announced yesterday In Pennsylvania crude oil 01 price s It I Is the tho first sign aign of I a turn tur the tho oil 01 trade has III shown at all al That th the turn will wi be a lasting one can ln scarcely be bo questioned In view of In la the theeman the steady y Increase reported demand eman for tor consumption The figures given out by the bureau of mines minee covered only the situation as la It I stood in February and WIS therefore undoubtedly an understatement understate ment Inset of f the tact facts Hut lut even for tor that that month consumption of gasoline domestic and foreign foreign for tor- 1 eign demand taken talen together was waa barrels burels a I day above the average of February Feb Iob ruay 1920 With Pith oil 01 added to the list of In which have turned the tile corner cornel and are on the upgrade the tue view Is Ii more strongly backed than than ever that recovery will wiil wi go on spreading from one ono trl trade e to anolar another another an an- other olar until the tle whole commercial structure Is 11 drawn along It I was wa the broadest marf market market mar mar- mar mar- ket for the l oil shares seen In in months with the f lower e priced r dI oils i favored quite as J muchas much muchas VJ as the higher priced dividend payers payer Th The activity In the cOPters coppers was wa not as al marked but tl these thee e stocks went through their recent low levels le ela and were evidently being very con consistently taken It I was tou too soon to lo class clan the co copper per Industry In among those tholo which have started slated on the Iho upward path but bul It I must be only a a. question of a a short time lima now before the remaining surplus l is Ii no so 1 re reduced ro- ro that prices of the metal will wi be he put pul back to lo a profitable boh basis Kan Kansas s City Southern wu WILS WI the first tint of the tho rails rais to come out wih with its Is Starch March arch report showing very fair Increases In groan grose and und net but the statement felt fell tel flat The rho market for railway railway rail rail- rai- rai way stocks and bonds wa was too touch much Juch absorbed absorbed absorbed ab ab- ab- ab with wih the argument opened today be before before bo- bo fore tore the labor board boar to lo concern Itself with wih anything else lo Globe e Powerful financial Interests 8 are ar credited with having accumulated a 0 large amount of Sinclair Oil 01 There Thue are reasons for be behaving believing be- be having lieving that a pool Is Ii prepare prepared to lo raise the price of this Issue ISue sharply against what Is Ia 11 understood to be a a large lare short Interest The outlook for Improving business for Sinclair I Ii declared In prominent quarters Wr IW to be at atthe encouraging encouraging en en- r the pIrn belief that 1921 will enable the company to bake ake an excellent net showing showing- Financial News News Th The announcement yesterday that the tho Tidewater Oil 01 company has hae h. h brought In a p. awell a well wel on Us Its Is Mexican property properly flowing barrel barrels a day attracted much attention In Inthe Inthe inthe the street In vl w If l f the bearish reports Mexican afloat regarding the status of ot the fields Another well wel has baa been started slightly w west t of or the tho location locton of the new gusher Tribune Call mone money Is I. both Inside and outside markets Money Joney lends lende at 6 G and 6 9 Gt per cent In outside market Tb The I money In te II offered but bat unwanted at 7 per pe cent Interior banks lanks are Cr again aiD offering money In this thi market In 10 large volume Dow volume Dow Jones |
