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Newspaper
Tucson Daily Citizen
Location
Tucson, Arizona, United States of America
Date
Jan 01, 1963
Page
10
W K Whiteford of Gulf Oil Corp predicts 1963 petroleum demand will rise about 2 percent to 10.5 million barrels daily. Gasoline up 2.8 percent, kerosene and jet fuel up 7 percent. He expects steady profit improvement from higher sales, better efficiency, and lower costs.
Albert L. Nickerson of Socony Mobil says foreign oil consumption will rise about 9 percent in 1963, versus 2.5 percent in the United States. Demand will grow fastest in Japan and Western Europe, with petrochemicals up about 15 percent abroad and 8 percent in the United States. He warns ongoing excess crude output keeping prices from falling below 1962 levels and notes a Russian export push affecting free world supply.
New York The stock market gyrations this year aided commercial finance. Theo dore H Silbert president of Standard Financial Corp said the dip last spring boosted interim financing as small firms avoided new stock issues. He cited a 1962 volume of 17.8 billion for commercial finance companies, up 2.1 billion from 1961. The outlook remained positive due to rising retail sales and industrial production.
New York report notes teenagers enjoy card playing in a nationwide survey. Card Commentaries says teens most often play on weekends and prefer peers as opponents. Boys favor Pinochle Hearts Poker and 506 Rummy while girls favor Bridge.
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