OCR Text |
Show CRUDE OIL NOW$2.50 Quotation Reaches High Mark For First Time in 20 Years Pittsburg, Feb. 5 For the first time In almost 20 years the oil purchasing pur-chasing agencies today quoted $2.50 for Pennsylvania crude. This was an aavance over the close of yesterday of o cents a barrel and was taken as ad-dltional ad-dltional evidence that the available supply of this particular grade of crude had fallen fur below the re- 1 quirements ot the refineries There were no advances in the other grades Of crud oil In Pittsburg. The sensational rise in crude oil 1 has o unsettled the market for th securities of oil companies that a number of brokers announced today that such securities would no longer be carried on margin, which virtually places all transactions in them on a cuth basis. |