The Conservative. (M'connelsville, Ohio) 1866-1871, 1867-08-22

purposes, and is used for nothing elsg.
lnIBngland.shale oii WA used OF late
years along side 9f raposeod oil. Rape.
seed oil ie more than double abe price
of Jour refped petroleum, and a. tis
therefore not astonishing that Europe
ans have become largely our custoplsrg
f0r refined petroleum,roFr From about
800 900 barrelp two years ago. The
ceBsumptioRglns Europe run lpat ysar
70 about l,l60,000 baFFslss The year,
TO judge from present Indications the
regular lRcreaHe Of ,eonsumptiop IN
Europe will bo about one-third over
last years consumption. At least,
most II the European ports show reg
ularly, every week, shipments into the
interior, about, ono third larger, and
even more, than in the samo time laet
ypar. .lsondon TOR. instance. \ which
consumed orshippcd during the whole
OF last year only $4,000 barrels, has
consumed during the past Eve months
Of the year already, 81, 900, which is
nearly thFec times the consumption of
last year. Antwerp shipped during
the past Eve months Of 1866. "a, 900
barrels for the sRmo time in 1867,
l2,000, an increase Of ono-third. -
Other ports show similar proportions.
In fict, notwithstanding our heavy
shipments TO Europe. the stocks there
cannot be said TO have much increased
sinee january fret In London, on
January first, tho stock was $4,000,
now II is $4,000, decrease. In Ant
werp the stock was in tho last week in
December wA6 "a, 900 barrels, now II is
10000. lHavre and Marseilles show a
decrease, and only in the North Ger.
many ports are the stocks actually
larger than they were in the com
Increment Of this year 81 in yil1'I
But the regular OF onc.third
over last yeaFR consumption will prob
ably be added This wear, an extraoi di-
nary increase, resulting partly from
tho s.oppngo ofthei shalo OIL refineries
in England, and partly fi'omtbO fail.
ure Of this years rapc-seed crop in
France and Germany. The shalo OIL
rehnercs of England are said TO have
turned out last year not less than 500,-
900 barrels refined, but were obhged
Ia stop IN consequences OF the low price
of.petroleum.l Many ofthem are broke
up, and others, IL an advance should
take place, will be ready ia timo.--
These two causes wIll stimulate the
domand for our petroleum, and this
years consumption viii probably not
be less than 100000 or l zoo, 900 bar.
rels against l 1,500,00 last yoar. sci
Bills.
Total consumption at'hone and abroad
REID vii. therefore be 2,700, 600
Against this consumption wO IA az
had on January lst 1867, o .Ht
stock Of about !, 200, 900 H
barrels (all reduced 10 rofn
cd,) here and abroad add
to this years production, .Hl'
b and we will have the amount, su
o Of oil that may be rolled on Jtuait1
for this year. The daily 8,st
production on January lst
was somewhere about H.
900 barrels at a decline Of 'i7 oli
from 500 to 700 barrels per 'l u.si
month, 1t will not be moro 5atol
than 5000 by January lst ,rs.
1868. This would give an
average ofe,0OO barrels per ,.. ~
saday. In order not 10 be y.pl'
taxed with partiality, mouBr yNa
will suppose it $500 barrcls II trs d
and this will certainly bo
the very utmost that reaches
the market At thus ratio
p 1850, 900 barrels crudcf ssf.
a equal 10 100000 barrels .ro1 .dI
=; refined, would be tho total sf ra,
p0oductlon for 1867. This
r. iitodnctIon with tho stocks 's" D'
on J Jsnuaryo let 1867, would 1syo &
give US 3,OOO, ,00C
If we deduct the probable consumption
from those 100000 barrels, only 9
stock of 100000 barrels refined oi
will remain on hand6hors and abroad
1hatis our stock Of refined oil from
1000, 900, on, January let, 1861, bYil
be reduced full 900, 900 barrels, and by
March and April next, even this 'etocl
will be used up entirely. 2s'''i' .iL'
rbWe must not ALLOW ourselves 10 b,
! deceived by theistOcka on hnnd At TIN
moment. They represent the accumu
lation of oil produced during the dpl
months and long days, The demand
tor petroleum is generally double il
the six months from July "a Dccembe
from what is IL from January,to July
because the greatest part Of tho winte
stocks are laid IN in the fall, and al
principle ihipmants by river must TAX
IpIhce bSforo cold weather sets m
Therefore, If Europe has ALREADY y t,llkcl
in this ydar soNethng1 like thirt
millions Of gallons she is kelly % TAX
: fin the nox, fix months, fifty millioa
; moro from us which is equal to 200
: 600 barrels. Aid 10 this, the hem
) demand with 600,OO0 barrels, and
will be seen, that we will be called Q
: to deliver in the, coming five month
3 the enormous amount Of /, 800, 90