The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-03-03

- s<.sf ease with which they we're reduced.
yupposed o Be- nsah.us.iSs Hsnufas,ursss IN
high sprtts, and undoubtedly making msney last Ine
O1 Cost q the saos or
In production 1851 worry remarkable, and was
evident that tho busine.s had not been injured " sns
large shipments from this country, but bad assumed
permanent and lucrative character
On the Continent the same increase IN the business
CHIEF centres Of oil production about Antun in
France, from the shaes and schsts; about Bonn, IN
saxony and in bohemia from the shsles and brown coal
The supply Of these materials was very great.
Al one mine and Factory a. weissenfes, ave hundred
skilled labor mechanics and artisans wore seventy ave
day. for miners and common laborsrs thirty 10
still lower rates. The bed Of brown coal at this mne
sixty feet thick The average cost Of prediction Of
the several grades OF refined oil did not exceed twenty
In regard 70 the extent Of the brown coal Deposits
they are pronounced to be inexhausble single com
pany, the Brown Coal Works." at Weischen In their
REPORT dated July 81 1896 estimate the amount OF coal
n the ground ownedb them ct 900 900 German tons
and their lands comprised but minute portion Of the
territory IN which this coal found In paying quant es
linking into account ALSO the product and supply OF
n FRANCE and ~ n ny north OF a
win Do seen that the witnesses have good grounds for
the opinion they express that the orcn prod cten Of
oil rom minerals viii be permanent and paying bust
shoaIA DO produced at The wells nominal price, and
In France the production from the sba,e being very
much extended and largo Investments Of capital are
being made In that direction. There also extens
hneries Paris and at Marsees where they refine
crude o1l when u u sufficiently lew In price When
prices advance beyond their views they the crude
oil Dom the shaes and Goals The French tariff duty Of
three francs per hundred kiloeramnes refined
crude beng admitted duty free lessons the importation
OF refined OIL The best refined oil selling At these
factories at from sixty I'VE to seventy francs per one
hundred kilogrammes 1t advanced sabsequ entity TO
about eighty These prices would be equivalent 70 from
Vel
gallon
The quality Of the oil produced on the Continent
good but somewhat inferior TO The odor stronger
and, containing carbon, burns with SMOKE
yet II can DO produced cheapy, that merchants
must always expect sharp competition II they
ahould not be driven out Of the markets OF Europe.
The conditions there most favorable 10 cheap pro-
ducton-vey low wages. very low interest," and abundant
capital as well % abundant material Add 10 It
the advantage Of being ID the midst OF the dense OIL
consuming population where we seek customers
and becomes evident that the prospects Of
trade not such warrant the continuance OF any
heavy burdens upon H. Il Is ALEC evident that not only
the American petroleum. but the foreian petroleuma
also might cease 70 be obtained and yet the markets Of
the world could be amply supplied by the products or the
foreign GOALS shales and schista
EXPORTS PETROLEUM.
Tho following table will show the exports for the last
four calendar years. from the United States:-