New Orleans daily crescent., 1866-04-28

y PETROLEUM AND Coal Onion one or two
occasions lately we made reference to the Louisi
ana Petroleum and Coal Oil Company, organized
for the purpose Of gathering the oil which flows
spontaneously from the natural oil springs in Cal
casieu parish in this State. The locality of these
natural wells or springs has been known for years,
but the real value of the product tpetroleum) is
of comparatively recent growth. About ls49-50
gentleman Of Pittshurg made some experiments
with the crude OIL and under his auspices the first
refinery was erected in that CITY, They procured
the crude substance from certain saltworks, and
all thus obtained, after being refined, met with
ready sale. Boring for oil exclusively had not
then been thought Of Several years later, how
ever an attempt was made with success, and
coal oil is now one Of the standard products of
mother earth, and IL likely to remain in demand
80 long as the supply is abundant enough to make
the price to consumers in reach of all classes.
question arises as to the probable continuance of
y the present production Of petroleum. Whilst tbs
a fact that at one time the supply Eike coal was
thought to be inexlaustible, yet the impression
now generally entertained is that localities in
which the oil is found can be exhausted--as in
certain parts of Pennsylvania, wells that once
yielded two to three thousand barrels per day,
gradually decreased to enc hundred and fifty bar
numerous other ellis in the neighborhood, thus
tapping the vein that supplied the enormous out
pouring Of the three thousand barrel well. The
immense quantity of oil gathered from the bowels
Of the earth is not fully ascertained, but some
idea of the bulk may be formed by stating that
the expectation of oil in 1864 was thirty yone mill
lion, seven hundred and ninety-two thousand nine
hundred and seventy-two gallons, and the total Of
export for that and the two previous years was
seventy and a half millions gallons oil. The pre-
sumption is that more was consumed than was
exported. The board of trade tPhiadelqhial
estimated the value of the product of petroleum
for 1864 at nearly forty millions dollars. M
q The most valuable of the oils drawn from the
earth il the variety known as the alubrcating." !"
This is of the specific gravity OF twenty eight to
thirty-two degrees, and bears steady price, the
fiuctuation in market value being very little. The
best lubricating oil is worth at the wells twenty
two to twenty-five dollars. It requires no refining
except when used for machinery Of delicate con-
.struction, such as cottons, silks and woollens are
manufactured upon. We have sample of the oil
procured in Calcasieu parish from the wells bored
Oh the tract Of land leased by the & Louisiana Pc
troleum and Coal Oil Company It is soft,
smooth, lubrcating oil, and as such has been nsed
for years by the inhabitants Of the neighborhood
being the same quality that exudes or flows spon-
taneousy from the natural wells. The gentleman
who made the borings says that three barrels per
day was obtained. II seems to us that as the com
pany owns the lease of 1400 acres it will pay
them to multiply these surface wells, as they are
4 called. lbeing eighty to ninety feet deep,) and
( procure this labricating oil. A very short time
Wiil be required to sink these wells, and forty or
hsty ~ them will yield snug fortune each day. S
\. Vhe subject Of coal oil and petroleum is o very
interesting one, and we will pursue it further In
~ y meanuue We invite attention to the charter
puoi'snaa ny ua IN another column The company
= s1as sanSen and the lists will be left open for
e.ofs ams longer. The discovery and develop.
= " - near orr city is destined to open
MY ~ era lhlts hstery II will give an imuetus 10
ss .taoe, open up new avenues for wealth. capitaI
= will How IN upon us, and labor he n acf;ya do.
niand AS we take deep interest n lt,a
ment Of the resources Of our State Ne bo,,e n sao
the enterprise fully inangnrassd, not doubtino :
complete success 70 those engaged il il. "a
X ~ -l-- 81 81
FoR VERA CRUz.-In our shipbinp ,sf
win be found ANNOUNCE of The arst GAS nas.
senger steamer Southern STAR Of the Crescent ~,
II Star Line which up for Vera Cruz, asia win IN
punctuaily from her wharf on Saturday next, hi
18th instant This Is the pioneer ship Of the line
with superior Recommendations for passengers, an
capacity for d limited amountof freight. For pas
sage apply to Messrs. Richard B. Locke & Co
and for freight to Il. M Harrison& Co., IS Carods
ct street, OF 7. O. jenkins, No, II Garondelet
Wilcox q Gibbs Family Sewing Machines or
Il he6rtiy recommended by all who use them.ti Will
eoxp&i Gibbs Family Sewing Machines are ahso
szfelp enfnplafa 0fina Nh & St CharIes street