New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-08-27
The PETROLEUM MARKET.
NEw-YoBK, Aug. 26.

NEw.YoBx. Aug. &c
Statistically considered, the petroleum stu
aton as week was less favorable the bulls" than it
has been for some time recently. Not that there was
any radical change IN the state OF AFFAIRS for no change
will deserve such description short OF the discovery Of
rev productive regions that can be worked at least as
cn,apy as the Pennsylvania and New.York territories
All of the development work going ON has so far
failed 70 do than increase temporarily the supply
from oil pools in an already pretty well defined
rhe repor cd discoveries OF oil in various parts OF the
far western district as yet iuDmporiant-where oil
mas been found IL IA Of poor character as an illuminating
aud TIE fact remains that while the stock of oil
hand s so enormously larger than at about this time
time q year ago tho prospects OF finding new
sources OF supply have been a. greatly diminished.
TO iii the vacancy causcd by consumption But IN
small way statistical position has grown more ul-
cressipg their production and there steady gain
by pipe line receipts on the deliveries iet tbls gam
Win nave grow In faster proportion than heretofore
IN result IN material increase In stocks this month.
Tne pipe line figures from August 10 as loows
I'm the item OF charters tue figures being especially
hO'ee'0'0 'O' '"''' '' Total bDls, Avge per day;
nelpSeties to August 4s,s9O O4A30
Excess deliveries ............-..... l9Oi0 90 so
Charters u August 49, lA'ol4o s0VVo
lna decline last week In the prices OF United Ger
ticates .ro tue previous week OF pa cents cannot be
caIied serious depression. Evidence IL lacking TO show
thai even fail would dslodge much STOCK from
the stroug hands III which II seeme to be held
In fact "A further BhriEkage In values would not
ha tasteful TO the strongest producers, whO wblle
vot wiling TO force IT, would quick to increase their
holdings Whenever lower prices were maho last week
little good buying revived ana II rendered quick
twists on tue shorCs frequent occurrence But tue
general ueasiness OF the trade over TIE numerous new
wells that coming III dampens the MARKET anu makes
/, sensitiye 10 influences either bush or bearish
Wbll, there has Development Important enough
o dispt confidence the presrn Influences at WORK are
discnrlging 10 an advance. Highest prices last week
messed TO 81 O69 81 O64 The close was made at
slight recovery puV tno o'"'o ""' "'' ~ ~
ser. -. ,o,., for The
week Ia New \ ork were as follows;
N ,YGaP Gems 1ad q.
openinx. W. liz
HlgnesJ.
Lowest. --.------- inyis
tln4 II 5oc1uo IL $4,000
sales, bbls.. aSg az, 81 oI,oo
Csarancos bbls Z363AVJV ziOtuVuo
The reued petroleum market was lower this week. but
the decline took place early and after IL tue market re-
manned quiet and steady The nal loss was cents per
gallon In New-York and Baltimore and cent In Pna-
ssinha Last prices wero New.York 7iae7asc.; Phila
delphia, IA al 3sc; BalLiy2ore. 7ss17i1c.
ST LOUIS August 25-Fiour steady: xxx 81 rs - 80
Fssiy sseoss oaeea a SoST 49, Eancs 20 Ty a.
cash 81 4sgSl 20 August VI Va sGSl 70 M
ii Osa october 81 l0gsl TO-. November 81 "a
all the year Corn steady casa sod ~ tec soso An ss
46s45e sept 40 no October tlS.c all 'As ye-e ~.
lower At &c. essa 25s september <os% -o.o
ali the year Nothing doing N nys o. s coso
susr quiet DAIRY iSSas Ga tsaSs Il IL PORK
dull at So 10. BulkmssLslong clear @SS sr",i IA
1Olc. short eie,r 1!oS sS 81 s Lara arn ii
Sa asesipis-Folr 7O0O obs; wsssS iiz ~ scuo
Corn. 4l,JOo eesa oatl 49, sS;ooii ooo sois wnest
| 81 900 bash; CeIa. $4,000 eash-i os~' Ai'o'" W"
| kallsy. -