WALL STREET POINTERS.

The article offers a look at profitable opportunities in the stock market. The stocks of California Petroleum, General Petroleum and Independent Oil & Gas are presented to have carried higher before the decline, and are expected to do better than others in the next upturn of the oil group. Recapitalization of International Paper is cited to be seen as more favorable following the explanation that the new issuance of seven percent preferred stock is for the purpose of exchange for Riordon bonds.