Salt Lake Telegram | 1922-07-20 | Page 17 | Oil Price Cut as 'Gas' Stocks Decrease

OIL PRICE CUT AS m'STTOECREASf NKW YOftK. July lev 4 a 11 a ' tecki war drawa ea la Jm tor the eeeeavd a-secatir a-secatir month, but tber products held a t-eft aerie hwm d. mti the weakly Mm-nary Mm-nary C Ik Amrtea Petroleum Institute, eeVerta mam from tl per cai e-f the ountry's refinery capacity. Oaeolln storage decreased III. Ill mr-rels. mr-rels. while pipeline and tank farm gross domestic, cruda all stocks increased 1,911.109 Wrr-M. during tha month. Return for tha wek ended July It ehowe-d aatlmatad dally average groes crude oil produetloa af 1.474.441 barrel., com-pared com-pared with I UftH tha pree-loue waak. Orfteral reduction In rruU all price war reported, inrlsllng cat a of 21 cents each la ml t continent crude, reducing tha prtc ta Let a harral. Penney Ivanla crude waa marked down II cent a la J1I; Oulf Coa at wae unchanged at II XI, and California crude waa ut on an ivtnii of about ll tha' oil krr1 Ub iba grade f rfflCAOO CENRRAL MARKBTA. CHICAUO. Jaly , II. Butter higher: creamery etra, flrata, KlllUc eecond. 24114; etandard. lle. Kg, wak; receipts It. IK caaaa; firsts, low lie; ordinary firsts. 194 fOo; mlncol. lanenua. 14 14 14c; storage packed extra a, 220 ll 14c: atorage pack ad flrata, lie. Poultry Poul-try ateady; fowle. 11 r; broil era, XlrXle rooatara. Uc. Potatia about aldy: aar-Ijr aar-Ijr demand alow; movamont llmitad, raealpta XI car; total I'. P. alilpnini. ? an track. 117: aaatara shora Vlrtaia bbl., Irlab rnbblara. l . 10; moatly ) 04 Kanaaa aarkr-d rnbblara No. 1, allghtly dirty, tX0; aarkad aarly Ohloa. allatitly 9radd. 1 rar, ll.lt: Mlanaaota aarly Ohloa. aackad, allahtlr iradad allabtly Immatara,.! car. TanXXKAFOMS MARKET. Minneapolis. July a. rios as, chansed. Cask wheat Ka. i Banker, ll.4leill: 'aly. 11.41) Ssutinlbas, 11.11; December. 41.11. Cars No. S yellow. II !. Oate No, I wklta. 11 1C Barley 47911c. Rys No. I. tl " riss No. 1, 1I4I.I7.