New-York tribune., 1884-02-25
CLOSING PRICES OF BOSTON STOCKS
BOSTON Feb % 1894
THE PETROLEUN MARKET.

NEw-YORK. Feb. "a.
The Henry's Mills district, about which the
petroleum trade has been disturbed for the last tvd
weeks lies Just northeast OF the Cooper tract The first
well opened in the district about a month ago, but
Of the wells there only from ten to fifteen
days old II will be recalled that the first Mckinney,
McCalmOnt and Porter wells started with production
of 1000 barrels TO each we'll For several days
their rate OF output about 500 barrels day. Re-
Gently the in that locality have turned out
poorly indicating that its oil belt is and short,
and that the first few wells opened practically drained
the deposits. Yesterday the McCalmont No. well
opened closely adjoining the big old wells and the best
information received limits its yield TO about $50 barrels
day. Reports Of guage taken of the whole eight wells
in the Henrys Mills pool received by n Mehlen, place
the total production at on l2OO barrels day Here va
have Ton smaller scae II is true result similar 20 that
following the deVeiopment or the cooper ana ba-town
districts namely, vigorous drilling, rapid rise OF pro-
Pennsylvania fields are slowly declining in their yield.
The Petroleum Age has completed its estimates Of the
production last month from all the neds. We summarize
its work as follows the figures being given in barrels:
RiieFSaay i5is7 iifs7 iI33SS iiI3SS ggt gt
Total daily average. $685. 5000 eI26
Even estimating the January production for the out
daily yield last month was only 6l497 barrels. The low
temperature last month stopped the cleaning out and
Old districts may be increased. The charters reported are
small is natural this and hence the deliver
4
the extent OF 1888 barrels day. The daily average
date g.. j64 barrels against daily average
OF 5s,9l3 barrels in January, 65,20s barrels in Febr
ary, 1883, and s3,547 barrels in Feb
ruarv, 1.s2. The deliveries have averaged
50 ,6B barrels against average Of 54,4O3
barrels in January 1882 barrels in February 1888 and
63 sol barres in February, 1ss2 The charters
2J9GJ barrels against 80 500 III January .j5l- barrels
February 7s, and 43.107 barrels IN February 1882.
The pipe line figures are as follows:
Rms 70 Fe5. % .;..-..--...... l'22l295 9&5Gi
Deliveries 90 keO. -0...........- l,ll-,b-O bs,b3l
Excess deliveries .....--.......-- 1867 1893
With the Exchanges closed day, the dealings IN
crude pc er0eum certificates LAST week reached the large
amount OF 81 I,~33,OOO barrels. The market
was variable and unsettled and prices huo-
tuatcd from Sl.O1l2G993I cents TO 81 02l9O
9-Is cents Yet the hnaI price the Now YORK Board
was only cent below the closing quotation the week
previous the close the Consolidation Exchange beng
only b lower The trade Is still largely bearish'
but the short ia the market is certainly scent
circumstances are favorable. The character OF the
recent dealings lends greater probability % snch
action existed the previous week. but manipulation
may POSTPONE the rally or even depress prices belOwa
dollar again The news from the oil regions. however,
Lot likely 10 be or KIND 10 disturb operations this
week. The market closed firm.
The range of prices and the total dealings for the
week were follows:
N.YPet Cor *.
OPENING lol9