, 1865-08-31
NVx


) Ky -.
CaicAao Tn1EuEr. 1855. 600
1smea, journal md Post ensnbined..... 2ao,00o
rn.i-
"a,a OIL.
:. - Il Is difficult 10 make any careful gcncrall-
h:.' zations upon the subject Of OIL and yet with
L. but these the public are liable u form their
,u3udement ttu1n individual cases, which, Il they
81. constitute the rulc. will en1ighten them, but
If The exception, will n1s}ead them. II Is
statcd that fifteen hundred oil ro1n.
:. .n:ponles arc noW In existence, au Of which arc
- ;hccumulatiug moro or less cnpital earned in
r. .othcr branches Of industry and Investing # in
~v lo,ing for oil. or thess tho on Ipe1as csti'
|: mates f,,et only one hundred and eighty, or
- less than one In eight, nre producing any oil
whntcvcr. Under the head Of Pittsburgh
Petroleum Stocks, the sumo Journal, IN fts
last number, gives q list OF one hundred mud
,xartwo oil companies, OF which only fitecu; are
reported as Enxing dividends, and Of those
three were In November last, two In Dece1u-
1e7, five In Janna1y, one IN February, two IN
March, ono In April, and one IN August.
s1s1Tlcsc dividends were from ont. 10 i've per
-osuccut orly, aud there is nothing to show that
,,-<thcy were repeated This showing appears
D't much smaller than the average profits Of or
es",';;'uipasy business
ts:a Of course II is impossible to uscertaiu how
~ much ccpitni has been Withdrawn from other
Iee;dcparinents Of enterprise for investment IN
q oil as there Is no criterion By which 10 arrive
the number Of shares OF their capital stock
ko.teaeh company may have sold. II VIC suppose
~ Ahe1a to have disposed Of Ill their stock, and
saa II VIC compute these dividends On the total
.tetcapiui stock Of The companies then the eaoe
:s;,',1rs xyor,a show totsl Investment for the
s,t1rt, 1ft,s1,rc cor,nan1cs Of 81. Az. go md
e. tot,, ~ crrn,nns of s1sa 50O ar n fraction
bn;,ovcr thc half of one Der cent On their nominal
y ~ 11.a, 1,at. d;snossd or 1,a,f 1I,c5r
+-ann,.n] .+-n,. ~ tf va eo,nnrte the safd
,s.';sas,as ~, ~ ,yh,,e c,1;,al s,nr1, .bsvc
-, ts,s. s.,,. 49,, .o.z,;no. fo, 1bo ~,
ts-".,l . - ".a 49, .s,,t w. soa ,ot,;n,
a,1.a ~ ~ ~ a,,es.o ~ ~. -, f...r =
80. A.. s.r,s a,,tho~stv oet;,r,.os @hs
asan' t"e eu.As ~ ,1ss-.1 Ds.,.-s1s,..,..
"ne4. u-a! st0N~~ >>''''
tuao e,,>,o, a.t, a, ,,.oa xrc foa ,,,t t,,
tIptnir ia,;y n'oSset ot Wcstcra Pcnnsylva,fa /
nesry .e,en Thousand barrels. This supply y dis
aea g ase s,'ea Il 1ncr F4. o. shs q
crsk Eaii:o.d At aserase o 10 bssrslr pss das
Tpsss hs rEsusa .,nnea,s g. sna .1ssn a I'll U cis
ritislnfsS, :,sO barrels; 1t Franklin, b. II tie 4
ianc and Gseas Messsn Ma - sS tssls " y
.s.s S.s 11 H.. b1 U5ref, un CITY and Pnmtnclsilc
hnac. turn ont aasly aseca ~ aafrs
ths ~ 1aoSs . aIGInae Gnr inal nroiuct ten,
H. vessango dIst51ci proper, il aasa hasrels. a!
70 1isis the p:aa q aesr5 ry,rh ae1'I ss weni
dc ia13yis: sncrr Greek, seventy -a.c; D1nka
crsk 0 smith: fsss, .sn' 'a1r am 4,!'e sE;cns
War.rn ipatans &C. 1So. Thts makcs the ersl
tn'a! tor the daily oi psodnet OF western fsa'ae'
nj. q similar nroeess 4,,e tota1 1,.odur.
IN IT, ,chrre hor;rr is s.oing m in thi.tr-s
co,,nfios. while the ol, productfou Is copfin,
~ a +cv n,occs. IL estimated NJ five hundr,
md tv4ntr harrr]s day.
West yIr,rinia Is cs}lma.ed al 1,14o basse
aor. of,shich Burning Swings Goose Cree
T,r,l c,rck- end f4orse scck are reported
7Wo 1nrrcis md 14o. ubc.al estimate,
ndded for Ill otlar localities. Kentucky
lrnr.cd a. IN barrels md California. vhe1
bv same aecoun,s no oil exists; " Is safely {
timated at M, oyer 20 barrels" by aadh
<.al, other States and producing sections"
50 barrels. the present daily product Of L
unNed stntes Is made TO reach, In flguss
Soa5 barrels Of crude oil nc. day. This.
r,,1;n,r r,tcs at the we1ls' roul1 l,c wor
81, M - nar,nc total nroduct41n for 4
year 15os Of s,,:.,::ss = =, !, barrels, worth, IL
crude state, tlb, ,fAo, 9E5si+1a5. 9E5si 81. Probably this
not m oycr-cs:imate, ns the actu
oil product us 1864 Is stated nj E.s, %
op, The actna1 product Tor
~ pss.rr,r.a;. ;,
m rTe,t1y % d,n,Iu..hsd sd' ,.owever % "a tho ~ pnods
for ess easS or The A1 10 % eonpauses % aetun,,s =
due;nE It: s'.ould It's production , continue niue,
product ofsys, ,c71. .a5 per aunu1u, and the asr
eotc world nav au interest at ten pcr cent
shon, one ,,andred and stxty millions Of d
1s,x ar an average Of ten pcr cent per anu