London, June 20.
A substantial decline was witnessed in the silver market today, with spot losing 4d. and the other position dyed. compared with yesterday's levels.
June 19 June 20
London spot 19%d. 194d.
forward 19%d. 1834. gold 148/6d. 148/5łd.
London/New York:
One pound U.S.$4.6816 $4.6826 One U.S. dollar 51.264d. 51.253.
—Reuter Oil in Morocco Rabat, June 19.
Searches for oilfields in hitherto unexploited northwestern French Morocco resulted yesterday in findings which now permit the prospectors to proceed with drilling at great depth in specified places.
The first well was drilled to a depth of 2372 metres northeast of Sidi Slimane in the Bou Mimoun region.
A second well is now being drilled in the Thili region and two others will shortly be drilled in the Mechra bel Kusir area, for the first well gave indications promising for the future An eruption of hydrocarbon gas occurred when the well touched the depth of 2372 metres, and while it does not prove the existence of oil, it is an encouraging indication—Havas. j, sep ace
Text read from the printed page and cleaned; old type leaves the occasional error.