Los Angeles herald., 1910-12-13
FIRM TONE PREVAILS
IN LOCAL SECURITIES
AmaIqamated Goes Up 6 Points,
California Midway and Mexi-
can Common Regain Loss

The stock market yesterday was firm all
around and several of the leaders on the
local exchange advanced Amalgamated be-
ing the most pronounced, with a rise of over
points during the day. closing nrm ABOVE
$50. Among the other stocks that look an
upward turn were Mexican Petroleum COM
mon and California Midway. The former
closed a full point above Saturdays quota
tion and the latter made an advance OF
points.
A sale of twenty shares of American Pc
troleum common at $56 showed the firm tone
preyailing In this stock The other Doheny
stock to benefit by the rise was Mexican re
troleum common, the gain being over a point
, closing at $3s.75.
Mexican Petroleum common, opened at
s35 S7lb on sale of ten shares and advanced
to $36 on sale Of ten shares. The next SAFE
amounting to ten shares, was made at SS6l2ls'
and then the next of ten shares was mace
at 62ls finally reaching s36.75 for the last
sale, amounting to twenty shares.
Amalgamated showed up strong from the
beginning. The first sale, amounting to thirty
shares. was made at $2S. The second sale
of twenty shares was made at $3.50 and the
next ten-share allotment went at $2s and
the last at S29.50. This stock was active all
during the call and closed firm at figure
above $50.
Central Oil was in some demand and 1000
shares changed hands during the day at sl'Sl'
closing firm at that figure.
California Midway the best speculative
stock dealt in during the session and about
$4,000 shares changed hands. This stock
gained steadily from the beginning, opening
at 51%c and advancing to 53c for the last
sale. Several sales made, buyer thirty
days, and 1t appeared from the board that
all stock available was absorbed But favor
able development reports from the field are
said to have been Of the stocks actiy-
ity. The lowest point reached during the
day was s51.2 and the highest $5s.
Consolidated Midway was stationary and
~ ad HI5d RI
in this stock it failed to rise from the rel
ative position held the past several days. The
first sale of Consolidated Midway was at
2Ossc This sale amounted to 1000 shares.
The second bunch Of stock went at 2cAc and
the third, of 1000 shares, buyer thirty days.
for 2Okc.
straight sale of 2oo0 shares was then made
at 20hc and at the close. when 1000 shares
sold at 2Ohc, the stock showed frae-
tiona decline for the day.
Other stocks traded Oleum, Jade and
Union Provident. Each of these stocks
showed a slight advance, ten shares of Union
Provident changing hands at $9S.37h
Trading of the day confined to oil Sc
curities; all other lists were inactive.
STOCK EXCHANGE NOTES
Amalgamated advanced points yesterday
and closed at $50 bid and S31 offered.
California Midway rallied and scored an ad-
vance of 2 points. Favorable reports from
the field, showing economical operations led
the stock in the upward course
Palmer was firm, and although no trans
actions were made on exchange the demand
was keenly felt among curb brokers. The
new Palmer well is now said to be flowing
200 barrels a day and gradually increasing
its output
Union oil was firm at par. No sales were
made and the closing quotation was 500 bid
and S100.50 asked.
A healthy undertone prevailed throughout
the stock market yesterday and the bulk of
business in oil stocks, especially Anal
gamated, Mexican Petroleum common and
California Midway.
The jinks committee met at 430 o'clock
yesterday afternoon and made final arrange
ments for the Christmas celebration to be
held at the close of the call, December "a
Ladies' day will be observed in connection
with the jinks and a program including
music will be decided on later.