davidaulloa/AmericanStories huggingface dataset:
Evening star., 1924-11-14
TRADING G|SL|GHTER,
|. PRICES STILL GAIN
Many Traders Switch to Mo-
tors and Accessory Groups
b. in Afternoon Moves.
BY STUART y. WEST.

I NEW YORK, November 14.-In to-
days stock market the same char
racteristics were maintained as had
been present most of the week.
Prices went to new highs without
ANY let-up in the tremendous volume
of trading. The only difference as
compared with the early part OF the
week was that the rails, while mostly
strong, assumed a less prominent
place.
+ Interest centered in a host of in
dustrial shares of the specially type
in which either with or without the
assistance of organized pools, 1t Is
very easy at 4 time like this to put
up prices.
Traders Switch to Motors.
I Until today the motor group had
been behind most other sections OF
the market. The switch into these
stocks therefore. proved. popular
move General Motors crossed the
80 on buying, based upo the attrac-
tiveness of the yield and upon the
latest earnings foreShadoWlng the
surplus of between 81 and IS on the
year. For the first time in a long
while aggressive support was eX-
tended to Studebaker, pushing the
stock we'll above 40. Maxwell MO
tors "a" ran up swiftly. and so did
u
brisk recovery in Chandler.
The buying quickly spread to the
shares of motor parts companies ana
to those of the rubber and tire manu-
facturers. Fisher Body had spectac-
ular jump. Stewart Warner went up
sharply, and Stromberg, Bosch Mag
net o. HAYES Wheel l.. S. Rubber, Good
year preferred and Kelly SprinSneid
were all noticcably strong buEihs
of Fisk Rubber common, Whlch car
ried the stock across 10, was founded
upon reports that bank lnuep.euii,""
had been all cleared up and that the
company was III line 10 resume IA
ferred dividends.
Gains In Special stocks.
Advances of . to points were com
mon in special stocks. Among these
we're L. :. Industrial Alcohol. Worth
ington Pump, Famous flaSers: -
Realty. International Paper. which sot
above so; Burns Brothers and Raulo
Corporation. ,
> Coca Cola appeared to be tempo
rarily meeting stock around eo' ou,
those who have been well lnlorlileu
an the stock in the past took Ia
yorable view both of the earnings po-
sition and the market position. IN
rarnational Cement sold around It's
,ember quarter, showing 1886 share
earned. against s176 the previous
three months and 81 per share earned
in the third quarter of 1923. inter-
national Harvester got ABOVE pax
again. oraine
Z brokerage house advices rSgardihs
The copper shares attracted attention
TODAY. The point was made that tne
level at which copper shares are sen
Ing is low, 20 stocks having oeeii
ouoted under % on November IL
compared with the August hlsn OF
2979. Meanwhile industrial and rail-
road averages have gone TO new his n
levels. With reduced stocks or metal
on hand, with domestic shipments 5
already large and consumption OF
manufa turing activity certain 10 IN
crease domestic demand with Europe
financed for years to come, there are
definite signs of sustained improve
ment in the copper market. Ihls, it
would be natural to expect, would
have a favorable effect on the copper
shares.
Evening star., 1924-11-14
WOOL PRICES HIGHER.
Buying Continues Active in Boston
Market.
Special Dispatch to The star.

Special Dispatch to The Star.
BOSTON, November 14.-Buying
continued active in the raw wool
market today. and dealers gradually
We're pushing prices up. Territory
and delaine woods OF the best type
are difficult to get and fair amount
of activity has developed in pulled
woods. Gray pulled woods have been
ITO 90 cents and 81, while
white Il supers have sold at S1.2G
to sl.25. Lower types have been
offered at s1i0. The double A grade
is so scarce that the quoted price of
s1.60 is largely nominal.
Evening star., 1924-11-14
CLOSE IS IRREGULAR.
Trading Under 1000, 900 Shares
Il for First Time This Week.
Nv the Associated Press.

BY the AsSCCIdttu leeb.
TNEW YORK, November 14.-Stock
prices moved irregularly higher in
todays market with total sales fall
ing below the 2,000,000-share mark
for the first time this week Buying
yas a more selective character with
the merchandising. mootr and public
utility issues making the best show
ing. Total sales approximated 1,8OO,-
600 shares.
= The closing was irregular. Specu-
lative interest shifted back to the
railroad shares in the late afternoon,
New York Central rising points,
I,ackawanna 3 and katy" preferred
40 u. S. Steel common. American
Can and U. S. Cast Iron Pipe turned
reactionary on profit taking.
Evening star., 1924-11-14
TWO CENT PER POUND
I TUMBLE IN COFFEE
Increased Offerings From Brazil
Break Down Prices in
New York.
By the Associated Press.


NEW YORK, November I'm
creased offers of coffee from Brazil
especially from Rio. which was offer
ing coffee here in the cost and freight
market at nearly 2 cents pound
under the recent high levels. brought
out fairly active liquidation in the
local contract market today and
prices declined 60 to 70 points. Lead
ing commission houses were on the
selling side and the show of weak
ness in the situation served to dis
courage buying. leaving the market
without substantial support.
Evening star., 1924-11-14
PROTEST MARGIN RAIDS.

ATLANTA, November IA (SpeciaD.-
Leading cotton and stock brokerage
houses threaten to appeal to the Fed
eral courts to prevent enforcement of
the old Georgia statute which prohibits
buying and selling Of futures on mar
GIN" Offices Of members of the Com
mercial Exchange were raided under
this statute this week.
Evening star., 1924-11-14
BUTTER HIGHER TODAY.

= CHICAGO, November 14-Butter-
Higher: creamery extras, 39A stand
ards, 37I2 i; extra firsts, 37a3S; firsts,
331aa35; seconds, 30a32.
! Eggs-Unchanged receipts. 1881
cases.
Evening star., 1924-11-14
NEW YORK DAIRY PRICES.

NEW YORK, November 14.-But-
ter-Steady; receipts, 4.S35 tubs.
Creamery, higher than extras, Az 1aa
4a; creamery extras (s2 score). Al 1aa
AZ; do, firsts (SS to 81 score), 34a41.
Eggs-Steady; receipts, S.144 cases.
Pacific Coast whites, extras, 75aSe:
dox frsts to extra frstss 62a74,
Evening star., 1924-11-14
PARIS PRICES UNSTEADY.

PARIS, November 14.-Prices moved
irregularly today on the bourse. Three
per cent rentes, SO francs 80 centimes.
Exchange on London, 81 francs 40 CEN
times Five per cent loan, 80 francs IS
centimes. The dollar was quoted at Is
francs 81 centinsA
Evening star., 1924-11-14
RATES ON BAR SILVER.

LONDON, November 14.-Bar silver,
33 1916 pence per ounce. Money, 2b
per cent. Discount rates: Short bills,
8 Aa3 11-16 per cent; threemonth
bills, 81 per cent.
Evening star., 1924-11-14
LIVE POULTRY LOWER.

/. CHICAGO, November 14-Poultry-
Alive, lower; fowls, 16a21; springs, %
boosters, 16; turkeys, %.
Evening star., 1924-11-14
BUSINESS LETS Up
IN BOND MARKET
Great IrreguIarity Prevails in
Many Issues in To-
days Trading.
BY GEORGE r. HUGHES.

Special Dispatch to The Star.
NEW YORK, November 14.-Busi-
ness quieted down in the bond mar
ket today. There was further SELL
ing of high grade securities to
switch into something giving a larger
return, but the movement was not as
pronounced as earlier in the week.
Liberties, which rallied sharply Thurs
day, fell off somewhat again today.
The savings bank railroad mortgages
were just about steady and there was
great irregularity among the bonds
just below the best grade.
In the speculative rails the features
were the strength and activity In
|. q. n. adjustments and the heavi-
ness in all the st. Paul bonds. APP
parently some large blocks of st.
Paul issues were pressed for sale on
a market not ready to take them.
IndustrinIs Are Active.
Elsewhere in the railroad group
there was continued strength in the
Norfolk Southern refunding 5s and
heavy transactions in New York Cen
trail debenture 6s, up fractionally.
There We're number of points
of strength among the industrials.
Unitet States Rubber IS were in de-
mand at 50 and above, which is less
than points below the high of last
January and compares with 1914, the
low of June. Sugar bonds were high
or. notably Eastern Cuban 7ks and
Punta Allegro IS. Virginia. Carolina
Chemical Is maintained the improve
ment of yesterday and increased it,
The copper bonds were firm, but the
oils Jagged.
Foreign Bonds React.
Foreign bonds were inclined To re-
act. The German Is dropped below
80 and then rallied Operation of the
sinking fund is scheduled to begin
tomorrow-that is, the first monthly
payment on this account will be
available for the purchase of bonds
up to and including 105. The Aus
trian IS also dropped back a little
and then made up the loss. United
Kingdom 5l2s of 1887 were strong at
lo6 and above. Hungarian 7I2s were
firm at SS. French bonds. on the
other hand. failed to gain ground.
Today's new issues included s3,500.-
600 Louisiana oil Refining 51a per
cent debentur"s with serial maturi-
ties TO Yield from 4.I5 TO S per cent.
Evening star., 1924-11-14
BONDS.

Total bond sales (par value),
$16,140.000.
Ten first-grade rails averaged
1925; net loss, .08.
Ten secondary rails averaged
1857; net loss, 20.
Ten public utilities averaged
91.65; net loss, .01.
Ten industrials averaged
$3.50; net gain, .04.
Combined average, 91.29; net
loss, .07.
Combined average month ago.
90.9S; year. ago, S6.94.
Evening star., 1924-11-14
New York Stock and
Bond Averages.
Thursday, November 13.

STOCKS.
Total stock sales, 2,22s,700
shares.
Twenty industrials averaged
107.67; net gain, .43.
High, 1924, 107.67; low, 90.27.
Twenty railroads averaged
95.1s; net loss, rs.
High, 1924, $3.50; low. S1.00.
Evening star., 1924-11-14

Am Woolen.
Am Wool pfd CD
Am Zinc.
Am Zinc pf
Anaconda.
Ann Arbor pf.
Armour Del 90.
Arm Cons & Co.
A $50 Dry G 90.
A $50 Oil Ghl.
At r e. S Fe 90.
A T & S Fpf 80.
Atl Rirm & At. =.
Atl Coast l. tfS)
At Gulf & w I. :.
At Gulf & w I pf
Atlantic Refnint
Alta 8 Powder ca
Atlas Tack
Austin Nichols
Austin Me pf 90
Auto Knitter.
Baldwin L (O.
Said Loco pf (O.
Bal & Ohio (5)..
Bal & Oh pf "a.
Bang & Ar pf 90
Barn Sdall A
Rarnsdall b.
Bayuk Cigar. -.
Bayuk 1st pf 90.
Beechnut (2.40).
Bethlehem Steel
Beth Stl pf CO..
Beth Stl pf (S)
Booth Fisheries.
British Empire
British Emp I'd.
Bkl Edison t8)
Brk MAJ n Tran.
Bklyn Man pf 80
BrkIyn Un G (4)
Brown Shoe (4).
Brown Sh pf 90.
Brunswick Term
Burns Bro (10) :.
Burns Br B Cd.
Burns Br pf (O.
Butte Cop (50c).
Hutte& Superior.
Butterick Co.
Caddo Central :.
Cal acking 90.
Cal Pete Ok J..
Callahan Zinc. :.
Calu & Ariz Cd.
Calumet & II soc
Can Pacific (lU).
Case Threshin g.
Ca Sc Thresh pt.
Cent Leather. :.
Cent Leather pf.
CIR r n J (t12l.
Cero d Pasco (4
Certain TIE ed. :.
Chand Mot 3D..
Ches & Ohio 90.
Ches & o pf t6 u }
Chicago & Alton
Chic & Alton pf.
Chi & E Ill pf. :.
Chic CIR w est. :.
Chic CIR w est pf.
Chi Mil & st P. :.
Chi Mil & S P pf.
Chi & Nwn "a.
Chi Pneu T 60.
Chi r I G. Pac- :.
C r I & P pf (6).
C RI & P pf 90.
Chi Y elbow c o.
Chile Cop e NJ.
Chino Copper. :.
Cluett Peab 60.
o..
Colo Fuel & Iron
Colo Southern :.
Colo Sou 1St %.
Colo Sou I'd (4D.
Col G. & E (2.6O).
Col Carbun (4)
Com Solv A 90.
Com Soiv B. ....
Congol- -Nairn( CD
Cigar. -.
Conso Gas 60.
Consol Textile.
Cont Can ca.
Cont Can pf CO..
Cont Insur co..
Cont Mot (s0c)..
Corn Prod ca.
Corn Prod pf 60,
Cosden Co.
Crucible Stl 90.
Cr,Icible of o..
Cub Am Sug 80.
Cuban Cane Sug.
Cub Cane Su pf.
Cuba Dominican
Cushmans 60
ell Fr (4).
Daniel Boone.
Dawson Chem.
Deere pf 90.
Del & Hud 90.
DELL G. w CO.
Detroit Ed (S).
Devoe 1st o..
Doug Pectin %.
Du Pont (8)
Eastman t7A).
Eaton Axle.
Ell Stor Bat 90.
Elk Horn. .......
Emmerson B pf.
End-John (5).
Endicott pf CO..
Erie.
Erie 1St p1.
Erie cd pf.
Exchange Bf CD.
Fairbks (2.60).
Famous Pl (8)
Famous pf (8)..
Fed 1t & Tract.
Federal Mines.
Fed Min es pf CD
Fid Phoenix (6).
Fisher Bdy (10).
Fisk Rubber.
Fish Rubber pf. .
Fleischman t3 "
Foundation CO..
Trank-Sim pf.
Frseport- Texas.
Gen Am Ink CD
Gen Asphalt.
Gen Asph pf (5).
| Gen Cigar (S).
| Gen Cigar pf (7.
| Gen Electric 60
| Gen Ell spl (60c) .
| Gen Motors.
| Gen Mot pf (6)
| Gen Mot pf o..
| Gen Petrol Cd.
| Gimbel Bros. 80.
Ginter Co (The) .
| Glidden Co......
! Gold Dust. t......
| Goodrich .......
| Goodyear pf. -.
-- --
Evening star., 1924-11-14

tPartly extra. Playable in preferred stock.
Dividend rates as given in the above table
are the annual cash payments based on Tia
latest quarterly or half-yearly declarations.
liYid0ada IN aat tnclndA6
Evening star., 1924-11-14
DIVIDENDS.
FOREIGN EXCHANGE.

(Qrotaticrs furnished by W. B. Hibbs & Co..
Nominal Selling checks
co1d fnda
Evening star., 1924-11-14

Price levels were unchanged
the local Stock Exchange today i'll
session where volume suffered -
compared with previous periods
Lanston Monotype scored a fra.
tional gain to 79S4 on sales of #
shares, and Washington Railway and
Electric preferred sold ex-dfvden6
at 1Sas. Gas was weaker at ths
opening. but later recovered TO %
it's ruling level. Capital Tractiol
was unchanged at 93i2.
Bonds We're firm.
The Lambertville record. [volume] (Lambertville, N.J.) 1872-1968, 1924-02-22
JOHN b. SLACK

The funeral of John b. Slack, of
AZ Lambert street, Lambertville, was
held at his late home Tuesday af-
ternoon, with Rev. Theron Lee, pas
tor of the First Presbyterian
Church, in charge of the services.
Interment was in Mount Hope Gene
terry under the direction of LaBaw.
Mr.. Slack was found dead in bed
Saturday morning, when his daugh-
ter, Mrs. Anna Armstrong, went to
call him to breakfast Death was
caused by stroke of paralysis, with
which he was first afflicted two
years ago. He had been around
and in fair health for some time,
though.
He is survived by two sons, Harry
and Frank, of this city, and five
daughters, Mrs. Nellie Wesner, of
this city; Mrs. Mary Condry and
Mrs. Mary Tyrell, Of Trenton, and
Mrs. Anna Armstrong and Mrs.
Elsie Denberry, of this city. He
was Civil War veteran; member
of Major G.. A. Angel Post, No. 20
G. A. r., and of the Veterans Asso-
citation of the employees of the
Pennsylvania Railroad. He was born
June II, 1847, and had long been a
resident of Lambertville.
The Lambertville record. [volume] (Lambertville, N.J.) 1872-1968, 1924-02-22
New Hope Methodist Notes

This will be Missionary Sunday in
he Sunday School, which meets at
10 a. m. At the regular service
at / a. m. the pastor, Rev. Willis
A. Lewis, M, A., will preach on
"The Three Looks" There will be
Epworth League devotional meeting
at 7 p. M, and at 7.30 the pastor
viii preach on wealth Within the
Reach of ALL" the fourth in series
on Wealth" Prayer meeting We'd
nesday evening at 7.45.
The Fourth Quarterly Conference
of the Methodist Church, which was
to have been held last Tuesday eve
ming, was postponed on account Of
the blizzard.
The Spelling Contest between the
Epworth Leaguers and members Of
the Lahaska NJ. NJ. f. Church and
the Epworth League and members
of the New Hope NJ. f. Church, will
take place this Saturday evening
in the Lahaska NJ. E. Church. The
truck and other machines will leave
the New Hope NJ. f. Church at 7.3o
p. m. Friends are invited to go
along.
The Lambertville record. [volume] (Lambertville, N.J.) 1872-1968, 1924-02-22
presbyterion CHURCH Notes

Special meetings will be held in
the Presbyterian Church, February
25 TO 20. DR.. LunGer, Of Williams
port, will preach. He is an emil
nent evangelist in charge of the
Christian Church in Eastern Penn
sylvania. These meetings are n
part of the Forward Movement"
Of the church in this town Resi-
dents are invited from both New
Hope and Lambertville.
Mrs. James Mcgowan was strick-
an with paralysis last week on Fri
day night. She has the deepest
sympathy Of our people.
Mrs. Michael Evans is visiting
her son Howell, in Philadelphia.
Hubert M. Evans, of Philadelphia,
Miss Betty Fenton, IIatboro, and
Mr.. and Mrs. II. r. Evans and son
were visitors at the manse this
week
Mansel Evans attended dinner
ihoh ohbuiuay AT iNuSIidlui III HoioI
Of Miss Emma Side.
Mr.. and Mrs. Ives L. Harvey re-
turned last week from Lock Haven
and Center County.
Rev. Michael Evans, pastor of the
church, officiated at the funeral
services of Mrs. Tyndall, SO years
old, Of Carversville.
Both attendance and collections
were unusually large at the Sab
bath School last Sunday The
church services were well attended.
Mrs. Edward Slack, of Browns
burg, was visitor with us last
Sunday.
Several children were baptized
asst week Among them were the
children Of Mr.. and Mrs. Delaney,
Of Mechanic street.
Mrs. Toenniges is eonvaescing
rapidly. She has been sitting up
for several days.
Walter Steever joined this church
by letter Sunday night. He comes
from the Pleasant Valley Church.
DR. .Magill's class has secured the
Players Club from Carversville,
to stage their play, Fifty Fifty"
tomorrow night in Worthington
Hall, New Hope.
The Lambertville record. [volume] (Lambertville, N.J.) 1872-1968, 1924-02-22
PLUTO TO MAKE IT HOT
FOR ODD FELLOWS

Lambertville-Local Odd Fellows
who are members of the side de-
gree of Pluto will enjoy special
initiation and banquet at the lodge
rooms this Friday night; The Or
der of Pluto has drawn the atten-
ton from circles of Odd Fellowship
all thru this section of the state
There will be initiates tonight from
Trenton, Pennington, Frenchtown
and other outlying points.
Due to the seating capacity for
the banquet being under 175, it was
necessary to curtail the number of
applicants. From Trenton there
were applications for more than
fifty. These and other applications
from out of town lodges would have
consumed the entire capacity. so in
order to give first consideration to
local applicants, Wallace P. Thorn
ton, Grand Pluto, had to rule that
local Odd Fellows would first be
taken care Of Accordingly, only
10 applications from Trenton could
be honored.
Harry Slack is caterer for the
banquet, and judging from the abun-
dant spread provided by him last
year on this occasion, there will be
ample and tasty food. The Degree
Team has added several new and
attractive features to the initiation,
and they claim that there will be
a hot time in the old town tonight. "
The Lambertville record. [volume] (Lambertville, N.J.) 1872-1968, 1924-02-22
BIG SHOWS OF
Is YEARS AGO
Railroads and High.
ways Blocked For a
Whole Week Then.
AUTOS NOT USED

Those local people who have been
chattering of the cold and slipping
ON the ice and in the snow of the
past couple of weeks ought to let
their memories run back to Feb
ruary, lS99-twenty- five years ago.
According to the New Hope News
of that date the snowstorm at mid
February averaged from % to SO
inches on the level, not to mention
the disconcerting habit it had of
refusing to remain level in so many
places in the highways and on the
railroad tracks.
No trains entered New Hope from
S.5l one Sunday night until $40 the
following Saturday night, the in
term being employed by an army of
men in shoyeling the snow from the
tracks of the North East Pennsyl-
vania Railroad. Several hundred
hungry men entered the borough on
that Saturday night, after week
minus shaving, washing or sleeping,
and demanded something to eat. Of
ficials of the railroad arranged with
Jacob Munich, then proprietor of the
Delaware House tnow Solebury Ma
tional Bank Building) to feed them,
and the work continued until nearly
daylight Sunday before the last had
his fill and started back toward
Philadelphia.
The Belvidere Delaware Railroad
did somewhat better. The $50 pm.
iouthbound train of Monday came
along about $50 Tuesday night, and
he 1888 a. m. northbound of Monday
came along late the same evening.
The Pennington Branch made one
trip in two days. Mail service was
at a complete standstill, Lambertville
and New Hope Willing away the
time by chasing couple of post
cards, a seed catalogue and dun"
across the Delaware Some mail
filtered in during the week, and on
Saturday evening the New Hope
office received such a bunch of stuff
that Postmaster tom" Stintsman
kept the office open practically all
night and all day Sunday handing
out real letters and papers to a
waiting list of patrons. The offices
Mt Newtown and Doylestown had
the same experience.
The only automobilist east of the
Alleghenies, a wealthy Philadelphia
"mooned" over the thought Of TAX
ing a ride on a nice, level part of
Broad street, that city, early in May.
Snowbanks in some places were
from fifteen to twenty-five feet in
depth, and where the ordinary snow
fall was removed from the pave
ments and piled alongside, the ac-
cumu'e on wde too high, in many
place for a person to look over.
The tremendous snowfall, which
blocked al the roads and so much
traffic, followed period of gentle"
weather When the thermometers in
LambertYille and New Hope had
| been flirting with the zero mark,
and anywhere from five to ten de-
grees below, morning after morning.
1t may truly be said that the
world-weather included--is growing
better these days, than it was even
twenty years ago.
The Lambertville record. [volume] (Lambertville, N.J.) 1872-1968, 1924-02-22
LEVEL HEADM MARKS
COOLIDGE ATTITUDE
Washington Correspondent Gives Interesting
Facts Concerning the Much Talked About
Teapot Dome" Oil Proposition.
WHAT GOVERNMENT GOT OUT OF IT

it unwittingly brought out McAdoo"s
secret connection with Doheny and
the ex-Secretary's S150,000 fees
and the Republicans are obviously
scared to death, although if they had
a little more of Mr.. Coolidge's cour-
age and sagacity they would not be.
But the general public, under My.
Coolidge's leadership, is rapidly COM
ing to realize the extent to which
politics is moulding the investigation
and the necessity of waiting for facts
before jumping to conclusions. Mr..
Coolidge has pledged himself that
the rights of the people will be pro-
tected, that no guilty man shall es-
cape, and he has inspired confidence
that he will keep his pledge, as the
Democratic and Republican press
alike make clear.
Gradually, the public is coming
more clearly to understand some
thing about the oil leases. For in
stance. it has been shown that under
the Doheny lease the Government
has actually received 81 per cent.
of all the oil taken out-instead of
the 6 per cent estimated by SEN
ator Walsh. Doheny's company
stands pledged, in addition, to fur
,,;sb fraa trnns,oo,.to t;o, ,f tba Gov
ernment's oil to the seaboard; to
maintain for period of 10 years,
constant supply of 100000 barrels
of oil, stored free, on the Atlantic
seaboard; to maintain, storage free,
a supply of 100000 barrels on the
West coast; to exchange for the
Governments crude oil any petrol
cum product the Navy may need; to
sell to the Government at 10 per
cent less than the market price any
petroleum product the Navy may
need on the West coast, and to drill
any offset wells the Government
may direct on any part of Naval
Reserve No. 1. The investigation
also has brought out that before the
Doheny lease was made the Standard
Oil drilled 10 wells just outside the
Naval Reserve No. !, that they came
in with an average daily yield of
$4,000 barrels each. That frighten-
ed the navy officers, and they pro-
posed the Doheny contract, which
was let. Immediately the Standard
Oil drilled second row of wells
along the border and they came in
with an average daily yield of $500
barrels. When, about year after
Standard Oils first 10 wells came
in, the Governments first offset
wells came in they yielded an aver
age of only $50 barrels per day
each, thus proving Admiral Robin
sons contention that the navy sup
ply was being depleted by private
wells and that the Navy had al
ready lost to private parties about
22,000,000 barrels of oil.