Federal Reserve Bulletin Volume 2

Federal Reserve Bulletin Volume 2

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1916 edition. Excerpt: ...period in oil, both in increased equipment for producing organizations and in volume of completed wells. Two thousand wells were completed during last month in the Mid-Continent field, starting with an estimated new production of 105,000 barrels a day, and the current month promises to exceed even that wonderful record. It is estimated that 6,000,000 acres of Kansas land are under leases of oil promoters, and the field is constantly widening. Lately Wyoming has attracted great attention and is enjoying important developments. Present indications are that the production of the Mid-Continent field will continue to increase, but the certainty of a multiplying demand is expected to maintain the industry at its substantial prosperity. The second largest oil well in Oklahoma has just been completed, and is said to be producing 14,000 barrels of oil daily, while the largest sale in the history of the petroleum business is just reported, involving a consideration of $12,000,000. There has been no appreciable change in the rates of discount, although most bankers express the opinion that higher rates will be in effect in the near future. Banks are able to handle the usual crop-movement demand with Kansas City, Mo... Omaha Denver Oklahoma City Lincoln Wichita St. Joseph Topeka Kansas City, Kans Pueblo Muskogee Cheyenne 1915 1916 Increase. The livo-stock industry is moro prosperous for the time being than ever in its history. The increase of receipts so far this year over last year at the five principal western markets is as follows: Cattle, 300,000 head; hogs, 1,300,000 head; sheep, 75,000 head. In spite of this somewhat remarkable increase in receipts, the prices have ranged from $1 to $2 per hundredweight higher than a year ago. The highest price ever...show more

Product details

  • Paperback | 370 pages
  • 189 x 246 x 20mm | 658g
  • Rarebooksclub.com
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236641701
  • 9781236641700