, 1881-01-01

crn combination followed its nxample.
Tho failuro to maintain all orEanlzn..
stloli was simply dug tO tho fact that
profits. were 90 Ercat, thNt tho tenlntnl'n,! ="
tl,a s avcrnge g lnamnfacturSr conLi withstand.
TAke tho innrkct IN nii l!s branches, How
eyer. nt,<l dealers iml little cn,.so FOR cont
p,a, c.lsf,l9%s ,%s were u aHtp1S a Sfs gs wsr
never befnrG sn light. For Instance, tralcr
whose sales foot up a million md n half r..
ports n sptnl loss for tho year Ut ONLY ottc
hundred tlOltt1rs
SALES OF cAnroS OILS
over 1870 Of lo,o0o hrls, md over NY oi
N,0o0 brs. Tho ycnr's t,isitless .w0A!.t hnvc
shawn Il sttll larger itlcrease ln:l 7 mt been
, owing 10 ths frei sit Slockn,icl tho r.Iroatls
Guirc,i. During tlle first two months at tho
saf f'ceS fde ws5 stfay 9 ,w 1T sG W fsr IT, tes M
ti,ero @ ' wns btg lrenk, the n,nrkct. lrnpptl,g
or ac per gallon Iii n Single week: t,rLces
His wen the higher tcsts s!lowett n r..lnctiol''
from tho opening rAtes Of 5t1Gl0t9c, tlt tliea M
uuotutions hcinE loNc tor ~, li4s f"r I* iio.
14e5c ior snnw-whltc. ana l0.4uiof l'; III ancSe 81
June reaction SGT i,, mud Mt the rtOs1 Of TINT
month s@e1l1(c Of tho decline l1as! hes!, rtet,v-
erc.l. Must Of this atlvance wis loAt IN July,
W. MooMI n '1 s ,'xng,i ~ c.,,,rse whch was
was rontiu,,ci mill Tct, i. When present
prices weEs sstahIts!'e,l-vz;; ; i;9lc g. TOR r ll9'
n,;,f ntgfc n for Sn,,t. Stucu tic iirst nrtlti.
.inii "tni ~ w,i wns st,mF twt,,tyo,e Years yEf,.
the production has stcntliIy and rnpl.tly IL,
creased, tho. maximum being attained!
"tal 1s II ooS %ss orIs ! 5fod!'a t"s usn,ty s
4il,2l3 urls were exported. * feature OF tio
petroleum. trnde for the .pnst year, was tne
fargely Increased supply OF crude OIL. It Is
tho oil regions. Tho average daily. Yield Is
not far from 81, 900 brls, while the dnlly cot!,
sumption !s nbout, h1ooo brls. During tno
l'slst sei'son nlaihtleds ml loushlls u onaavi, @
s f1s m less '. ta. soGs @ sal9S inae 4! 1s frS 70 M
1'nsf nra ,iG5sn Gs iii n tam nny mnSr ctv #, Inc
n,',,,rv "U 9 Nay;py ~ cn,Mtv @ IF I'd brl5n ay
fT'ii Trices law sI yerase1 t, materially higur ta
lot as' ha pt e ava H%on Ennm p tnr n,
p,cSs l'as ,n'ain, Irv oI ratoa .v"rr II. hi
yem.s' mr., ~ or inii",1 thnnph hcfnrt
snS q s%s Tic %aS6Gt 9sS;Gic ia; Il;
~ .,n y, T. Hnrii sycn # .cclIne to ;SSisic
rri" ~ ,@ y 1n' ~, inne thar" rns ,ircijlo n
ioc' @ nild nil @ about the ni.lte Of june tic uric
was reduced l0c In a single day, 10 5'G1:5Hc,-
sy crshsts' "' IN IN Sentcn,ber a iIr1ncr feeling VA
, deynjonntl. unI tic tn,lkct worked i,pwarl
! 10 thn Extent Of 2c. bit on Oct Ii tho crush
: crs' romhimntInn nlolis,cd tle system OF re
> hntes which thpy Ind previously allowed d
rn,i,,h ints md t,in,io tnu prIce uniform ia
= nnv rt,,nnfitv. and siure t}eil tho market I'm
y declined 10 DGe52e. '0''
L lam or,
0 hns varied from 5,c TO 7..c during tho yeal
: lila i ,mnrk.t hcimp tIo IlEllcst ut tic cIosI
l srHa t,ricn onenctl nt die for cxtrn, md az
D vn,1ced to CSC before tho ciose of Janur,
U iii Februnry it declined to B5c, and III APR
j. 70 nc. in Ainy it touched DC. nnd IN Jun
+ Sse' In Ane,lsi tho M,nrket lad worked bac
tn die. n11ti in Octubor to GYc. Du
n Ing November md December the mark,
o iltictuntcI frequently, Il, sympathy wit
i lard. hit eloscd iirni nj 7DMG,c.
Q T,,,,,,rxrIrr
4 T.. ta,,',a... ,,,,+ aoo,,,od