The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-03-16

combined have euniciens to WORK M all the oil pIv
Gucel. The capacity OF Pittsburg is about seven
teen lhousand barrels per day.p
''How WILL IT AFFECT THE BROKERS 20
at VII rum them Tney are mlddemen between
HE producer ana the purchaser. They carry orders
rom the buyer 10 the seller, al the rate OF one
hair OF one per cent"
"ran you give me any idea OF the number OF bro
kers IN tnls trade Ia this city f''
There are about iorty-slx. they practically 10
ali The bnsincss but inere are occasionally small
transactions between The principals. They are c3
ceqiioDal eases, however. !be total number OF
barrels bought by brokers from dealers and rellners
lorexroraon last year reached 1851, 1856 barrels,
OF an average OF forty six and half gallons each.
Al ine average rates Tor on This would he worth
Sl7,9s7,21L. Soyou wiz see al once
TIRE MAGNITUDE or THE BROKERAGE
business 0r this city, which will be rnined hy tins
combination. The figures have given you are last
years transactiona.p
"ilow much crude oil is yearly exportedY"
mere are a6ons 'nlee hundred and my tnou U;
seyem.een Gems Per gacn yearly exported 10
Inc vsiae OF crude snipred in barrels S2Ss. 300 Ada
Tue refined, already gwen, makes the total exports
"Whar Is me value or copital invested here In
refineriesf'
Goa, quite large PratL's OF Devoe's coud not be
bought Tor S1jo,000 eaci.'
"fne statistics you nave given me do not cover
,ne entire product do Lney -
half
TIE ROME TRADE
~ done through brokers.n
''What does The home trad, amount 10 per year,n
"lhe distribution OF OH Iron THIS market for re-
laI purposes amounts to 900 barrels per day. from
September 10 March, inclusive"
''What Is rs value. !"
cat Jonpers prices 1t IL worth sl2 per barrel.
The yearly transactions are about l0j 900 barrels
worm ) IL, ODe. Now, let Inc figure u moment.
THIS ~ THE TRADE UE NEW YORK.
Renned OIL ................. ......... l99'7S?I
hs"iled or nome cohS'mlh o4NOoo
Total trade Of New York...... .Sa.,t5J5n
This, which is below rather than above the actual
figures yon WI! see how great The oil interest or
Inns city Is. MY firm last year sold Inc production
II reaches iOop barrels or 100000 worth per DAY,
S20,0oo,0od per year. The oil trade OF Tie United
reach $4,000 900 per year,
"Ihe combination, you think, viii injure bro
kers :"
sit must he bad for them. There Will hereafter
be nut one orohef ii they succeed; now we nave u
bmation OF Jlm FISK ana Could on the Erie has
been
REGULAR SYSTEM OF CUrrHRoAT.n
''rhen they gave drawbacks 10 one Or more firms
at the expense OF the rest?'
ayes; mat has been the custom. There could be
that have been practised. The system was cor.
rupted, produced and Kent up by the Eric Railroad.
IL has been understood IN the market Tor three
years that Fisk 81 Could were interested in re-
lncries ana the profits arising from the shipments
saying tnat tncy nave sought 10 control trade by
giving their friends in this city advantages. 1t Is
as rue as the Gospel that the stagnaliOn that exists
IN the BUSINESS Is the child Of
TIiE CpRRUpf DRAWBACK SYSTEM.
Cleveland has maintained her supremacy in this
York could get; we would raise howl get draw.
back, when cleveland would come In again and get
g higher one For time the railroads would re.
leve us and then again Cypress us In favor OF the
West. The Erie ana the Central, BIZ their corrupt
system or drawbacks has killed the business, and
is longer profitable fos the roads to carry oil.
They say they cannot make a rate OF freight that
will be lived up TO. Notwithstanding the advan-
tages Cleveland has had Il is understood that her
refining interests are declining, ana 1t Is thought 1t
cannot live another year. These are the points to
rcmember-that
THE RAILROADS WANT A HIGHER RATE
OF freight, and ought TO have 1T that Cleveland and
Pitisburg want TO 90 the refinery for the export
trade, and they WIZ say to the railroads, you give
us the contract to bring oil over your roads lower
than YOU give 1t TO ANYBODY else, ana we VIII give
you higher rate OF lrelgM.' the efect is to give
the West the advantage. The Southern Improve
ment Company make this bargain with the rail-
roads and they go to the Oil territory and come
here and say to us, You come in now with us and
all wiil DO rinnt
You STAY our YOU ARE RUINED"
'sWfO are the leading movers III THIS monOppy ~.
"aockcienow, FllIoroi 4 Bostwick, OF this CITY;
Warden, frew & Co., Of Philadelphia, anu Lock.
har, i'rew 4 Co.. OF pit,sburg common report saws
tue geniicnei, VINO lead III tins great southern
improyeulcnt Company monopoly. the system, |
tel you. IS rotten. Cleveland has never refined
has ST, CO., 90 invested Ill the business. That money
has simply been paid them IN drawbacks by the
ialiroad companies, at tie expense OF New York.
Inat, IN other words, IS
WHAT THEY HAVE MADE OUT OF NEW YORK
AMI the oil regions III SIX ordinary years by draw
backs. il Cleveland had never had these adyan-
raacs she would never have become refinery
centre and mat So 100000 would nave been divided
bel ween the producers, the rciiners ON Oh Creek,
the railroads ana the consumer
Waat the Oiscr side say.