Oil Industry Sees 1950 Hope Amid 1949 Slump
Oil industry officials expect 1950 to ease the hard year of 1949 as demand may lift and prices avoid a spring slump. Net incomes for 1949 likely run about 25 percent below 1948, with crude output in the week ending December 10 around 4.94 million barrels daily versus 5.67 million a year earlier. Texas production slipped to just over 700 thousand barrels daily.
MENTIONED IN THIS ARTICLE
Houston
Tex
Texas
Independee
1980 Forecast: Fewer Wells Drilled and Slower Growth
In 1980 the outlook predicts fewer oil wells drilled, reduced construction, and slower expansion. Economic factors and market conditions are cited as causing the restrained activity.
MENTIONED IN THIS ARTICLE
Lees
Japanese quake toll and damage tally in Honshu
A three day earthquake in central Honshu caused eight deaths, one serious injury and one missing. Officials reported 103 buildings collapsed and 338 damaged with damage exceeding 3.6 million dollars. A deputy collector will visit the Lawrence post office on January 16 and January 30 31 to assist taxpayers with 1949 returns.
MENTIONED IN THIS ARTICLE
Honshu
Lawrence
Mon’y
Tokyo
Japan
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Safeway Service
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Dalewood Margarine
Cece
Cole
Pius Deposit
Bis
Coca-Cola
Camp's
Alaska
Mello Brand
NOB Hill Coffee
Maxwell House
Hills Bros
Colp
U. S. No
Red McClures
Chuck Roast
U. S
Spere Ribs Sons
Cudah
Kansas
Mendey
California
Snowy
Pascal Celery
Manana
Marsh
Bath Se Ile
AJAX
Ae Ee Wiears
Libby
Ivory Snow
A & FP
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Lexington Avenue
New York
N.Y
Armour Star
Braunschweiger
Swift
Yukon Club
IONA
Vienna
Florida
Cris Pascal Celery
Stollen
Dexo
Wis
Jane Parker
Marvel
Gerber’s Baby Food
Winesap Apples
Ackage
Clorox
Nestles
Rinso
LUX
Max
EZY Angel MIX
Seymour
Vermont
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