The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1865-02-16
Oil Intelligence.

Il v
Means, introduced the bill for raising
revenue for the support of the Govern
ment. Without reducing that on refined
petroleum, the committee propose to
place duty ON crude petroleum, and do
not propose any drawback whatever
when exported. 1t is believed that this
marvellous production is found almost ex-
clusively in the United States, and, for
illuminating purposes, its cheapness and
purity is unsurpassedby anything known
in commerce. Without sounding it's
praises, it appears to be our duty, as that
of many others, to strike oil, and we have
done so at the rate of six cents per gal
lon This will be, including the present
duty of twenty cents on refined, equal to
twenty-eight or twenty-nine cents per
gallon, and even then, at its marked
price, it will be, next to the sun, the
most economical light i'll the world.
The amount of cur exports to all parts
of the world, in 1864, was 31,12l,79l gal
Ions, having largely increased since 1862
and 1863 Notwithstanding thisincrease
of exports, the consumption has not tar
ried behind, as the stock on hand in Lon
don and Liverpool on the LIST of January,
1865, was not more than one third of the
amount on hand and unsold the year be-
fore. To show how firmly established
this new article of commerce abroad has
already become. we will give some en-
tracts from recent circular of a large
mercantile house in Liverpool They
say:
THE home consumption has steadily
increased, and is even now considered
far short of what it will ultimately be-
come, the more so, as genuine petroleum
has been found to be but most slightly
effected by the various coal oils that
have been daily introduced, but has man
tanned its superiority i'll all particulars
to most marked degree. The fluctua-
lions i'll price, as compared with the last
year, have been unimpOrtant. Still spec
ulation has been carried on to an even
greater extent than hitherto, and as the
article is daily finding increased favor,
operations of still larger magnitude may
yet be expected the market to-day (Jan.
], 1865, is very firm"
has not increased i'll proportion to that
of refined, the manifest advantages pos
sessed by the Americans in refining en-
ables them to produce a fine oil at price
quite disprOportionatc to that for which
it can be manufactured here, and conSe-
quently the British relinels have for the
most part closed their works; the small
ness of present stocks however, causes
firmness on the part of holders"
Mr.. Morrill, said he had no doubt these
statements are truly made, and that if
so the American reiiuers will have no
apprehension of any permanently unta
vOrable effect on their trade by the bill
now before the committee. 1t is plain,
he said, that coal oil and nothing else,
completes with refined petroleum, and
that British refiners give up the contest
as against the superior advantages of
Americans.
A asehas just been concluded in the
Brooklyn On " City Court, which is in
tercsting to dealers in petroleum oil
The suit was brought by Daniel o Kctch-
um to recover damages from Michael l..
Keller for breach of contract, under the
following circumstances: On the 22d of
September, 1868, the plaintiff agreed to
sell to the defendant 500 barrels of Pc
trolcum oil at 80 cents per gallon, deliv-
cradle at the option Of the buyer on ten
days notice to the sclle', at any time be-
tween October 9th and November Both.
1868. Prior to November 3Oth the mar
ket went dow H. and OH the Both of No
vember plaintiff called at defendants
Office and told him that the oil was ready
for him, but the defendant declined TO
take it, and the plaintiff then brought
the present suit. The defendant claimed
that there was no proper tender of the
oil, and that ii should have been offered
long enough time before the last day to
give him time to inspect it; and he also
claimed that the oil was not in SHIPPING
Order and called Il number of witnesses
who proved that the heads of number
of the barrels were made of white pine
instead of oak. The jury found a YER
dict for plaintiff for full amount claimed,
81 lS9, with costs and interest
A correspondent of the Pittsburg Com
mercial, writing from Guyandotte, West
Virginia, under date of January 3Ist.
says:
l am surprised that our Pittsburg oil
men have so entirely overlooked Cahell
county as an oil region, and can only ne
count for it by imputing it to ignorance
of its value. Venture to say there is No
part of West Virginia that shows to an
experienced eye to more advantage. than
the country within ten miles of this
town. There are numerous creeks along
the Guyandotte river and the creeks that
run into the Ohio river within IA circle of
some ten or twelve miles from here that
make the prospectorS eyes sparkle with
dellgtt have seen Oil Creek i'm miuia-
ture several time, and can find numerous
Cherry Runs, and they have oil on them
too. 1t is very common to find oil upon
most of the small watercourses in This
county, particularly during the dry sen.
sons. There are within two miles of here
places where oil has been gathered in
summer, and used by farmers Tor preas-
ing their brides and shoes-at least this
Is vouched for by many who profess to