The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1866-01-30


One of the noticeable features in the movements
of this wonderful article, is the large falling of in
the exports from this port, and the material in
crease from Philadelphia New York has fallen
below last year some G.700,0 600 gallons, Boston
ls0, 900 gallons, and Portland so, 600 gallons.
while Philadelphia has increased $500, 600 gal
Ions. New Bedford has shipped q cargo Of Sc, 900
gallons, none last year, and Cleveland one of
$1,000 gallons, against similar quantity last
year. The export business from Philadelphia has
been mainly done New York account, some of
the brokers having established branches there,
which attend to the whole business of purchasing,
inspecting, chartering ships, and shipping and
paying for the OIL involving a very large smount
Of capital, and showing the substantial character
of our New York brokers.
The receipts al this port have fallen of more
than 20, 600 barrels but a small portion Of re-
fined, comparatively, having been received during
the year. Most OF the oil refined at Pittsburg
has gone TO Philadelphia, and furnished the main
supply for the large exports from that port. The
refneries in this neighborhood have been in full
blast since the middle of the year, and turned out
for the most part very prime article, cassed from
eight straw to white (including prime to
standard white" and prime white" chiefly stan
dard white, only or two uniformly producing
prime white. for which they have obtained 2 and
cents above the best marks of light straw I'd white
The yield from the old wells on Oil Greek has I'M
doubtedlv fallen of considerably. but this has
been more than compensated by the increased
yield al Pit Hoe-the production Of the latter is
mostly Of high gravity and not taken by our ref
ncrs except al considerable difference in price.
the low gravity producing much more satisfactory
results. Little has been heard Of the Eells in
Ohio, West Virginia, California or this State, tn.
production being limited. The shipments hence
10 California, we believe, have rather increased
the product Of that State scarcely coming in com
petition-indeed, We have seen no mention made
of the article recently.
The export business has been paying one du-
ring the whole year, and it may be safely said
that this is We. oae Of the cheapest and most
full articles Of domestic production as we'll as one
of the largest articles Of export.
Early in the year free sold quite freely at The
usual difference in price, and recently there has
been little done in 1t. the reason AZ we rnderstAnd
it, being that dealers now buy chiefly in bond. and
free, as their wants require being a considerable
saving Of capital to them.
We are indebted to Mr.. II. Heinlein, of our city.
for the following figures made up by him, showing
the receipts and exports for the past year, and the
amount taken for consumption:
Crude, Refined, Nap, Reisd,
bris. brls. brls. brls.
Receipts at y. York, ACT. s45 leo,362 5.4e7 q.94+
Exports from n y, x. 22s 274I0G le42l 32l
Total Expsf from L. S.lS6,7es 5s2,l24 q, 500 2.7os
Amount taken for consumption from New for.
including coastwise shipments, tcrude reduced TO
refned):
In 1865, about $50 coo brls
In 1864, about $4,000 bris.
Stock on hand at New York, Jan. l., 1865, all
kinds 2T,22s
Received in 1865 $50. 39s
Total supply ,......................brl s 677 626
Deduct exports from New York, in
ls65..........................., bris ss5,s52
Deduct stock on hand JAN /, 1866 A. 1910 445
Taken for consumption 1865, all kinds brls 267 ISL
Do do 1854, do 2iT,ls7
Do do 1863, do 3l4,46