New-York tribune., 1885-07-27
fHE PETROLEUM NARKEL.

There is little that is new to be noted in q
survey Of the position Of crude petroleum since the Lass
weekly review published In these columns. Refined oil
yet reached the maximum of ts activity though
1t is not likely that the demand Of exporters can bs
stayed much longer The refining interest do not seem
reason is suggested in the idea perhaps they
eSases until the hiins Of sccunasted needs viii
be imperative no matter of course within reasonable
IN the oil coasy the work Of the produc.
ton Is still yielding poor rcsults There were vague rue
circulated the end of the week but confirmation OF
could be obtained FROM the oil trade here And ss
one swallow docs not make sumuer 80 one well does
the average daily shipments this mosth show falling
of June. the drawing stocks above ground con.
tinues The daily shipments for the first Elk
months of 1884 were $500 barrels this year for the
The runs for the first half Of last year wsre
barrel. M dn oT ,ss % st ss
for the last half Of ths year averaged 81
da the Sssns T. nrs sSf
than that Il Is Unlikely the for the rest Of tAis
sar fsom January to june so in issi viii bo noIcd
the daily average Of runs was divided a. fellows for tue
two perods. hrst six months 64s92 barrels last six
months, "a iIo barrels No prsctcal oil will criti
the estimate OF tho average daily CONSUMPTION OF
average daily shipments from win have to be,
say 5000 barrels to make 1P the se fs nd years s
day. the bss.Ssr ssSss'' 81 Would 20 about scocoSo
ooo barrss rem now on and the stosks
viii be at least 100000 barrels The last hall OF the
year generally the season for the heaviest shipments:
ana the conservative character Of the foregoing es
mates win be realized when t is remembered that from
ally been reduced in round nxures. 100000 barrels
f SS SsS Ss9.
ss.ss en- ana ss sy
isss isss TSs deSsrs. Average $500 barrels daily !;
compared with average Of 1901 barreis 10 Jane,
1883 The daily average Of charters is 5ooI2 parrss
against 5aa5a barrels last month. 5s.lIo barrels u
Sr.. sSs is ssa July July i'S % Is Charters to The as
fOlowsi
Deli. Excs.s Excess o..,,..
g;,,, ~, 4;1s ssis ss:ss ;S, s$$is
The crude speculation last week made further gala
in activity from the preceding week aad is sv,sns
PRICES was sis cents baIne.s marked the early trase
Cents At this pont renewal Of purchases sent prices
up amid excitement and activity to 81 O2 but the
vpcvok.d reaction of csnts yet left tho gain freaa
the previous week at cents per barrel The marhee
more than usually uncertain in their opinions OF the
future Carrying rates were hlsh ana odrdensone
bulls OF small cabrc and there was such an osieE
tIous selling by recent bull leaders as to excite some
suspicion TO the apparent weak tone at the end.
The range Of prices aud the total dealings ~ Tue Con
solidated Exchange were as foiiows'
Opening Lowesr......... -..-.".9sS
Highest 02ia Final
Sales barrels sz',9oos
Gle esrances barrels. .oS2ol,cV
There was an improved demand for refined oil lass
week resulting In advance Of q cent gallon -
81 In New-York aud Sis cents In Philadelphia aud
Baltimore for Abel test
BRADFORD, Penn. July 25.-Crude oil-Naaonal Trsn-
sit Certificates opened at 1914 and closed at 977e
Highest price. 1O2; lowest price. 7ocs Ciearances
4524, 900 barrels
OH. CRY, Penn. July 25-Crude Otl-sales, ofsoo0
barrels clearances 900 barrels; S,74J bar.
rels shipments s99 barrels; charters. 232lt har
rels National Transit Certificates opened AZ loi ana
closed at 9S; highest price, 1919 lowest price, 91t