New-York tribune., 1885-09-21
THE PETROLEUM MARKET.

Summing up the petroleum situation in few
words may said that commercial facts are BULLS
while the speculation ia anquid aud, for the moment
to all appearances weak Since last review there has
been little change note in the statistical or held out
look There have been number of new wells opened
here and In Old districts or in previously un-
drilled territory As yet, however, nothing has been re-
norted of the o a field having the DaRnl-
tude the white sand pools which In the last few years
have demoralized the trade II Is natural that
deyeopmeht operations shold be actively carried on
now, for the coming OF the winter months VIII bring
In re sss o sse s2p@nve ase Of tro
elyeerBe In old wells together Win the dlscOVery
new production but with the rate Of
shipnepts which has ruled this year sun
ing shrnkSge Of values through natural causes The
growing exports Of Russian petroleum need Yield no
growth they have done hs year twas runored at the
close OF last week that Gernssy hsa In PEsed .at On
against American oil The imperial or Prnssan legls
ia,nre Is rmi"n h%s Of the rnmors our trade has TO
expect determinations, however; tey have mere
tant when arbitrary laws laws Of trade, will make
Russian competition very formidable.
A glance al the pipe line figures TO date VIII show
what a margin there IS for increase OF new produc-
without disturbing the eomnerclal strength of Oil
The daily of runs from September TO ~ was
b3 267 barrels against an average OF o417S barrels last
barrels; In September. 1883. 66237 barrels and ln
September, 1882, 96,075 barrels. The deliveries now
S. 100 barrSls in August 76lii barrels in September
lss4 77os6 barrels IN Septe%oer iSsS. sna 10
barrels In August 5O6S9 barrels IN September 1854
4682o barrels in sepssmber 1883 and 42257 barrels
In september. 1892 The statement from September
10 II charters TO the 18TH Is as follows:
ISt1 I.y ssI: 'Ssss ssss 'e 1915 $sSfs
Tue certificate market week may be kened to an
apemoneter for good part OF the business done was
what is popnlarly known " wind" IL moved within
an xtrei range OF only gig feeble were the
opposing speculative forces In fact Prices were Iet 10
the manipulation OF room traders ana id lhe ol
good buying support the weight OF carrying charges
carried prices down trine from the previous week
the loss only 80 cent From 81 Olss the market
dropped to 9S7s cents on "wednesday me nuctuahohs
the close Ia better than the lowest hgure Inc
temper dealers increasingly bearish butt
operations were conducted with extreme caution me
closing tone market be said ~ have possessed
sgnhcnncewas easy, and lower quotations are Iookeu
for the majority OF the traners When this Is said the
speculation may be dismissed from further comlDsnt
The Of prices ana the total dealings the week
at the Consoadatod Exchange were as follows;
Openius .......... 1913 Lowest. 9SIs
Aaghest lol's FINAL 90 8, 9Sa noa
Bales barrels i'ovV S
Clearahces. 0arrels-.
The export movement Of refined oil represents sales
male earlier In the the refined market last week
ruled II has done for several weeks steady IN tone
with buyers supplying only immediate needs ana Win
holders xious the market Final quota
tions s per gallon, Abel test here and o
IN Philadelphia and Baltimore.
OLCfTY. Penn. Sept. 19.-Crude Oil-Eatonal Tran
slt Certificates opened at e9s and closed at 99@
highest price. 997s; lowest price. 901s. Gales.
e0,e95 barres, shipmen,s. 70.63A barrels charters
21.429 barrels.
sKADFoRD Penn. Sept. 19-crHde of-Natsonal Tran
cit Certificates opened &C e9is and closed 997s
hxhest price. s97s; lewest price. 99is Clearsncss
45l6s0oo harrslA