Daily union and American. [volume] (Nashville, Tenn.) 1865-1866, 1866-01-30
rha Petroleum rrsae OF me r.,.-s
States

Tha Petroleum Trade OF ne ,-..,..,
States
From the New York Shippins List. s0th.l
One Of the noticeable featsres IN he
movements OF this wonderful article, i the
large falling eli in the exports from this
deiphla. New York nas allen helo,r l,et
year some 6,700,0oO gallons. Boston 1s1 oeo
gallons and Portland 5000 calioar. rbiie
Philadelphia has increased 4s01 0l,1 c,L
Ions. New Bedford has shipped car,.e of
$1,000 gallons, (none last yearA and Cieve-
land one OF u, COO gallons, aeaiusf 4 s;rai7.r
quantity last year. The export busirs.s
nom PhiladeiPhia has been mainly done ca
New York account some Of The brokers
having established branches there. which
aftendto the whole business Of purchasinc.
inspecting, chartering ships and shipping
aud paying for the oil, involving very iarre
amount Of capital, and shosing the snhsta1,.
TIA. character of cur Nes York broker.
The receipts at this pors have fallen OF
mere than 10000 barrels, but ANAL nro-
portion Of refined, comparatively. hariae
been received during the year. Most Of the
Oii refined At PiitsbuEg has gone to. Phila-
delphias and furnished the main supply for
the large exports from that port. The refn-
ers IN ihls neighbofnood have been in full
blast since the middle Of the year, and turned
out Tor the most part, very prime articie.
cludiag prime,) % Standard Whitsp and
Prime White" chiefly Standard White
only one or two uniformly producing Pime
lFhitc, for which they have Obtained 2l;79c
above the best marks Of Light Straw 10
White The yield from the cid wells On
Oilcreek has undoubtedly fallen 0E con~is-
erably, but this has been more than cGmuen-
safed by the increased yield at Pishole: the
production Of the latter is mostly of high
gravity, and not taken by our re1nors. cx-
cept at considerable difference in price. the
low gravity producing much more safisiac-
tory results. Little has been heard OF the
wells IN Ohio. West Virginia, California. or
IN this State, the production being limited. ;
The shipments hence 10 California. We be-
ileve, have rather increased the proddct Of
that State scarcely coming il competition.
indeed, we have seen no mentisa made ofthe
article recently.
We have been disappointed in our sx-
pectasien Of receiving from the Oh regions
an authentic account Of thn pEcsent
daily yield We 6nd that there Il
no agreement among the trade a. 10
the amount produced, estimates varying
from 5000 to 1900 barrels. We i7eline
to the opinion that the Weld Is now
at least 10000 barrels per day. which Is
large increase on the quantity produced Inst
year, a result which we anticipated in our
Review for 1864. The increase. however.
applies only to the last half Of the year.
when the large yield Of Piihsle was added
to the supply. 1t is gratifying 10 state that
there are no signs Of a failure Of the crop.
The production has not only been increased
the past year, but we look for still greater
increase in other localities and other dis
tricts OF the present year. Piffsburr has
doubtless taken the largest share for refining.
but there are also many reiineries in the
West where large amount IS consumed.
We notice as general feature that prices
were about the highest a the commence
ment Of the year. Crude reached In low
est point about the last Of August; refined
was lowest about the first Of June. and
Naptha about the middle Of August. For
a more particular hissory Of the course of
the market we refer 10 the review below.
Our qrotations Of crude are always based
upon 4Oa4I gravity, and Of refined, for Eghs
straw 10 white, lis FIRE test.
The export business has been a paying one.
during the whole year, and il may be ssfelv
said that this is yet one of the chearcst ana
most useful articles Of domestic production.
as well as one Of the largest articles Of az
por..
Early in the year free sold quite freely At
the usual difference in price, but RECENTLY
there has been little done in Il, the reason.
as we understand it, being that dealers now
buy chiefly in bond, and free il as their wants
require, being considerable saving Of capi-
tai to them
Stock on hand at New York, January l.
n, lS'l. % Al kinds. hzlf g. -
Received in lsa''-'... -s5ost
Total supply. brIs.. sB
Deduct ,scs Exports from New York in
Deduct stocf On hand January j.
.---........i47sS slo.ia
Taken foreonsumption in 1855, all kinds. brlsa.isf
isss i , Mt9a
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 con-
49,, Crude Refd. Nap 'tha- Resin.
:, 1855: brIs brls. brls. brls.
Receipts at New York, i67, SIS l60ss2 6.ao7 s.SiS
( Export . from New ferk. 7s'2s z4l90 ls.sa is2i
Unilsd stasss..--.....-iss.7Oe ss2.Isi ns92Ts
Total Receipts at New York 1e65............ "a
Total Exports from New York, 1855. ..-......35se
Total hxportsffs the United States. 1861 1f1iIf
Amount taken for consumption fsom New
York, including eoasiwise shipments tcrids
reduced to refaed;)
IN 1865. bfis.
n 1854 hf's.
kvERaeE PRICES IN EEw yonx xsskkr.