The Volcano lubricator. (Volcano, W. Va.) 1871-1879, 1874-02-05
PETROLEUM.
The Home Mark et-The Antwerp
MaIket-'sThe Decline and Fall'
New Rivals

I'a~ petroleum. trade, more perhaps
.nan any other branch OF business, de-
renlS ur forcign demand 70 fix It's
rates and determine its prospects. At
the same time there is no product which
can be so efIcctually brought under
command as that Of oil, confined rs it
is to 4 small section of the country,
and its supply is SO easily computed.
The home market, therefore, really
controls the foreign, ard if exception
ally low prices have ruled the last year
il was simply because the supply had
run ahead of the demand.
VIEWS OF A PROMINENT CITY DEA-
LER.
Mr.. Ackermann, Of Meissner. Ac
hermann s. Co., the largest dealers in
petroleum, said in course Of converse
ton with Bulletin reporter that all
would depend on the future produc-
ton. but that the general impression
at home and abroad was that the
lowest point had been reached. The
demand is large and believe that not
more than $4,000 barrels per day are
now lowing foil is found i'll the
fourth sand wells at Millersburg. 4
new holt would - formed; but | DO rot
believe that even II such should be the
case the supply derived from this
source would more than counterbal-
ance the falling of in other quarters,
and that the outlook at present is that
demand and supply arc pretty fairly
balanced" Mr.. Ackcrmaan then
referred to the restrictions Of the
English law requiring Ico degree test
instead Of no degrees American,
which really guaranteed no greater
security from explosion.
With iegard to the importation from
Srlnia, at the mouth Of the Danube,
rs shown in The Antwecp report, Mr..
S,cisSncr, OF The above firm, Saii:
I had not heard of these imPorta
lions previously. but it is the oil which
IS found in Wallachia, ard in fact
Austria derives 4 good deal other sup
ply from there. Oil has also Seen
found in that Cri;nea, and seven or
eight years ago some ofthe wells prom
iscd very Eavorably but soon gave out.
There is still some found there, but
this does not prevent us from shipping
oil there and am now sending car
goes TO Ta9anrog. Oil is also found
along the Caspian and in India. All
these oils are Of inferior quality, and in
fact, with the present supply and quail
lily, Of our oils and our improved appa-
ratus, tanks. pipes, &C., we may fear
no rival have been IN Russia and
the East and have seen their oils,
and not only are these Of poor quality,
bu, they cannot be produced SO cheap
" as ours with wells flowing hundreds
Of barrels per day. Japan has some
very fine oil, but here again they can
not ship at prices to affect us here.
The amount of petroleum in stock
and asoQt for Bremen on December
Goth was Of crude, 10000 barrels; REIN
ed, 265,73o barrels and 1900 cans,
against I6,Soo 1925 barrels and 2,o96
respectively in 1872; in Antwerp, on
December Goth, 24,ooo barrels against
$1,000; Rotterdam, $500 against So
500, barrels; Hamburg, $4,000, against
10000. The London stock was 54,-
355, January Ist, against 1855, in 1873,
and Liverpool oI,4oo, against 4,757.
This shows that stocks are largely in
excess of last year; but as the London
circular Of Messrs. Phelps & Webb
remarks, the deliveries have been be-
yond all former precedent, greatly
owing to increased price of gas, and a
large and healthy business may be cx-
pected for remainder OF consuming
season. New York Bulletin.