The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1883-02-15


OF the Pittsburg Commercial Gazette, leading
producer gave the following facts and figures
concerning the future supply Of oil: "Thc
average yield per acre of the Venango Butler
Armstrong and Clarion county oil fields, now
depleted, was l. 200 barrels. The Bradford field
has already averaged l, 100 barrels per acre. and
Low shows unmistakabe signs of exhaustion In
the near future. The only fresh territory now
known Is included in the pools on the Cooper
tract and NJ Balltown, In Forest county, and the
Baldridge pool in Butler county. The great oil
belt of western Pennsylvania has produced
since oil was discovered 2l5.Ol00l0 barrels and
IL now so much drained that 1t will be matter
Of impossibility to keep up the present daily
time. The average daily consumption of oil for
the present year Is estimated at from 10000
to 5000 barrels, and yearly increas.
ing. The question naturally arises, where
IS inc supply OF oil to come from to
meet the growing demand An average con.
sumption of 80, 0OO barrels per day for the next
live years Is very moderate estimate and 100
cVO barrels as an average for the next ten years
Is certainly within bounds. An average con
sumption of 81, 900 barrels per day for five wears
viii require l6i 900 barrels. Taking Il Tor
granted that the present yielding oil fields will
produce Co. 90 barrels per day (which Is very
highly improbable), for the next FIVE years the
aggregate production in that time will be l09-
0OOUOO barrels To this amount add the present
stock of oil on hand, Si,C010OO barrels, which
Will make li35O0,C00 barrels, or 90 1901 900 bar.
rels less than the demand, II, on the other
hand, the daily production of COCOA barrels dc.
clinos to $4,000 barrels per day, the amount
found wanting viii be rs 500,UOO barrels. ain
view of these facts and figures 1t seems strange
thai II valuable product like petroleum should
sell for about the cost of production"
The san FRANCISCO Commercial Herald SAYS.
The acreage of beaIing-grape vines In California
IS now 20 per cent. larger than II was in 1880
And II the season of 1883 should prove to be as
favorable rs was that of 1850, the crop would
reach 1000. QUO, and perhaps 1900 600 gallons
This would probably cause some reduction in
prices In 1850 there were some 10000 acres of
new vineyards started. This will give It's first
crop in 1883. In 1881 there were about 2000O
acres planted, and In lss2 about 30OOl acres
These new vineyards will be In full bearing
three ana four years from now, and win proper
lionately augment the amount of wine which we
viii have TO dispose of. But, Notwithstanding
the fact that 30 much attention is being given to
grape growing, and tho fact that so many per
sons are emoarking in the business, the new
acreage OF lSSs will not In the opinion of the best
strange, in view of the fact that the public
interest in vne-growing is much greater
tnan II was year ago. The eSplana.
ton is perhaps found IN the fact that the
prices of grape lands have risen under the in.
creased demand and under tho newly acquired
knowledge of their intrnsicyaluc For II at the
end OF four years with an expenditure of 5000
on tlfty-acre tract man can assure himself OF
a net income OF 50, SEQ n year such land win not
remain ut the low price of 81. 80 per acre, So II
appears from our survey that there is no danger
OF the industry being overdone, as was the
wool-growing industry some years ago, and as
perhaps hop culture will be this year. The In
creased demand for California wines comes in
great measure from our own coast, The impor.
tahon OF foreign wines has greatly decreased,
In 1874 there were imported at this port from
France nearly $4,000 gallons. In 1873 the re-
ceipis fell to less than $4,000 gallons, For 1Sse
tlA
probably show less quantity than 30, go gal.
Ions. Ihe shipments to the eastern states is
annually increasing. But that demand IL not for
the best yintages. Our choice wines are con.
gumph nj homp