The Archive · 1938

U.S. CRUDE OIL PRODUCTION

New York, Feb. 16.

The daily average gross crude oil production in the United States for the week ended February 12 totalled 3,325,000 barrels, according to the weekly report of the American Petroleum Institute of New York, published to-day.

This compares with 3316000 barrels last week and 3,286,000 barrels for the corresponding period of last year, showing increases of 9,000 barrels and 39000 barrels respectively, compared with the figure for the week under review.—Reuter.

London, Feb. 17.

Slightly lower prices for silver were fixed in London to-day, with quotations being:—Feb. 16 Feb. 17 London spot 20d. 19384.

forward 191jd. 198d. London/New York:

One pound US.$5.03} $5.03} One U.S. dollar 47.737. 47.690d. 139/9d. 139/10d.—Reuter. garden.

Price improvements on the share market were seldom over one per cent.

On the fixed interest securities market the demand for gold mortgage bonds was so strong that the allotment to applicants had to be exceptionally rigorous. Communal bonds were also in brisk demand..

Callmoney stood at 2% to 2% per cent,—Trans-Ocean-

Text read from the printed page and cleaned; old type leaves the occasional error.

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