New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1886-01-04
THE PpTROLErlr uaREEr

Another week at the Consolidated Exchange
closed Saturday without any Developments in the
petroleum fields equal to the expectation of those oper
aors who favorable to-even anxious fora decline
In values. The conduct OF the ofthe Won't
ures the Kanc district is such TO strengthen tho
idea that they look for important resultscerAnly not
OF the magnitude TO throw into the shade the influence
of declining stocks and other encouraging statistical
Of the situation The preliminary report OF the
development work in oil regions last MONTH pub
lished by The OIL Ciy DeTrc. proves to be OF bulsh
character The daily new production 3449
barrels decline of 755 barrels day compared with
November. The NUMBER Of wells completed was 1923,
was SO, decrease OF 20 There are 252 wells drilling
and 249 rigs up and building. decrease Of l07 and
making when the revised official report comes to hand
Not only does the year 1880 close with aD excess OF
consumption production thr pipe lire having
been S47 barrels aud the deliveries 24ls7SJ0
barrels as shown IN ss9rdays IEIsUSkO' Sat tho
Queer and dealer. Although the depression In values
exporter as compared with the increase ia TRANSACTIONS
the movement Of exports OF American petroleum show
ore not ali in but for purposes comparison the total
exports from January to December 10 may he taken
tho crude article OF refined oil, naptha and all other
forms of exports 800 80, 49,
I 4Gal 5 10 Sss ~. 1S $S IssS
Tue Sarease last year over 1854 i59so barrels
over 1883 747 ll6 barrels Nor is this all that makes
tai country have increased tho visible supply abroad
been diminishing All tile stocks on Land. ALI afoss
and all oading here for the Continental ports
fAntwcrp. ROTTERDAM, An-tsrian. Bremen. Hamburg,
StetiD aud DsutZio ana London make all amount Only
equivaen ut generous estimate to three months con-
snmp1n The foreign visible supply on December 10,
1855 was 900 barrels, against l,525l6i barrels
ON December 49, 1884, and 2lO67s0 barrels ia 1888.
decline Of l67, 81 barrels from 1854 and OF lOi87SO
barrels FROM 1853 Comment on such figures Is I'M
necessary.
Altnough prices only cent higher at the end OF
last than they on the previous week the spec
ulntion in National Transit certificates msy be credited
with some i'm provement IN tone Naturally the restora
ton OF confidence slow process but It Is gain where
even the smallest stop taken In that direction. Bust
slightly in excess ar amount for the previous
week and nearly 100000 barrels ahead OF the business
for the ending December 10. The market not
frer from cccen,rices Of movement. The daily fuctu-
atlons values were narrow, but there was decline
from 0V1d9l cents TO 81 cens before the highest point
OF the elk reached Opening with fair degree OF
activity aitcr the New Year holiday, the market ea-
oyed ecc, OF fright on the part OF the trading bears
aud rose 10 81 Il cents All OF the adyance not
tanned 10 the end but the closc fairly strong and
the bear party showed indications OF less confidence
IN their position tnan heretofore.
Of prices and the total dealings ut the Con-
solidcd Exchange for the last two weeks was Us fot