The Archive · 1938

S. Crude Oil Production

New York, Feb. 23.

The daily average gross crude oil production in the United States for ihe week ended February 19 was placed at 3,369,000 barrels, according to the weekly report of the American Petroleum Institute of New York, published to-day.

This compares with 3,325,000 barrels Jast week and 3,296,000 barrels for the corresponding period of last year, showing increases of 44,000 barrels and 73000 barrels respectively, compared with the figure for the week under review.—Reuter.

London, Feb. 23.

Among commodities, wheat ruled firm on a better demand for actuals, while base metals were early firm on bear covering and speculative buying, but then reacted on profit-taking. Cocoa opened firm on shorts covering and speculative buying, then eased on profit-taking and finally steadied on reports of large business.

London Rubber: Spot, buyers Ty +k:

sellers 7% unch; March delivery, buyers Tic yt sellers 7% unch.

London Sugar (Buyers): March 5/4 +4; May 5/514 +14; Aug, 5/614 H4

Liverpool Wheat: March 7/6% EU May 1/512 H%; July 7/4% +1

Liverpool Cotton: "American Futures: Maren 513 8: Miy $20 43; July 526 (di FOF No D. Man 138 25.

t n Futures

May 143 46; July 747 48; Sept. 747

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

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