New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-01-21
CLOSING PRICES OF CALIFORNIA STOCKS
SAN FRANCISCO, Jan. 10, 1884
THE PEIROLEUn MARKET.
NEW YORK, January 20.

Ia the petroleum market Osuifer the same de-
preston and shrinkage OF values which have ATTENDED
nearly all our other markets. This question Is which
many operators IN United Pipe Line certificates wish
themselves able to answer There II little be-
eve the market will not suffer TO extent from
the practical extingIishment of the speculative sps
among the people, result of their losses the declines
al prices 1881, and 10 must also be recognized as
fact that the OF the public have little surplus savings
to risk speculations. That this condition OF affairs Is
destined 10 be handicap 10 any bull" movement for
some must be admitted. What concerns operators
then Is the question To what extent Is the petroleum
speculation reinforced by the statistical situation OF
the commodity II ravOrablel Many publish" features
will TO tho observer. The export trade has been
larger than year The total exports OF petro
leum and petroleum products from the Uncd States In
November 1888, 40,9jG205 gallons Value Si.212-
23sj against 80 ,0l9 gallons value $3,30al2 In No
velnber 1882. of ll.IO5lsG gallons and Of
S0OlI1 in value For the eleven months ended NOvem-
Der 30 last year, the exports were 493.559G12 gallon
tvaue Slf.l3657O against 473290,S23 gallons value
St.O7O,l40 ia the corresponding tine OF 1882, gam
OF % 25s 1853 gallons and $2,466,4lO in value. The
average daily charters in November, 1888 reported at
this port were only 3Ol barrels; in December the aver
age rose TO barrels and from January TO lS, 1884,
the daily Nv erage has been 26l barrels aainsta daily
average for all January year or 23O23 barrels.
There every look for continued good iOeign
demand The foreign fields can barely compete with tho
American product, when heavily protected by Inn
port duties Homo consumption Is large; exact figures
are Obanabe, but the shipments Of The pipe lines TO
date average 4s0G3 barrels against daily average In
January 1888 Of 43.Sl2 barrels And while cxcerdlng
the deliveries the small they hayo averaged 20
far only So II barrels day against average OF Oh
lag barrels Ia last December and OF O5,l25 barrels IN
January, 1883 From the nature OF tie supply. large
stocks petroleum do not weigh the market as
large stock do tho markets for manufactures Tic acc-
mutation Of stock at present is too small to lie alarming
aud no field Is I'm sight 10 mentct Ff"S "'eTPrv,
fuction Too great stress, however mnSt moi we placed
upon facts in regarding market 10 LARGELY Sueo'
to manipulation as Is that OF United certhi'AleS
Appended Is our usual weekly table Of Pipe Line figures
iro'n JANUARY = Total bills. Aype,a-y.
B Bs9s 70 J'n SS5s7s SSa6s
EIeos. ;........... s s@9S5 s tlsi
fits TO exagseration to style the amount Of dealings
lord orc shows sales CT i366e7 900 barrels representing
nearly four times tho TOT, to's T Mr'uT markes
net Started i'0ia' 81 l2ss, Is ana aeeed
amid great excitement TO 81 07 on wednosday Az I h
nnsd purchases Of operators for both sides Of tho
accountable bears" TO take profits, the ous 10 -,
81 i0io followed but 1t was 10 be expected that
market so badly shattered as this has been Dce he De
resi- Of the week prices were variable and uncertain and
they closed down al 81 0s dSl OsS As on we p,eees
week the market ended without any promise OF tise
R II 6oud not be forgotten that aimee the close Of De-
cember prices have been slowly drifting downwdu
81 10 With eleven cents below thai neure ass
sixteen cents under highest point touched last year ~
Is modest to say that the danger OF heavier dechne
essened considerably.
The range OF prices and the total dealings last week."
New York Is follows
NYPet Cen FL
OPENING.
Highest
Lowest
Final >, -eI 600
barrels. aS,nSObuVg nnO
ClearanCes Dartels ,o4NtVNV
srhe refined market easier for time last week pug
closed with steady tone Prices are unehaneen IvS
cents per gallon laboyo .tesu In New YORK anu V'o -
Philadelphia and Baltimore.
CLOSING PRICES OF BOSTON, STOCKS
Boston, Jan 10 1884.
- Yesterday. To-day xAN G LEST Us iI.