New-York tribune., 1886-01-18
TIRE PETROLECM MARKET.

There was no important change in the situa-
Of petroleum last week In Its essential features
It remain. encouraging the producer although specu
iation appears TO have vitality aud values continue
to rulA low. The Knzua and Kane fields but ttle
discussed by traders who are aow full OF vague appre
tensions regarding tho Washington County Penn. dis
trict, which promises to contribute TO the avail
able supply OF crude oil. Development work
there, however is slow and expensive and
II there is such thing as dscounug the effect OF an
addition Of supply trade has certainly
done IN this instance 50 ar rs temper Is concerned
There arc few operators VINO DO n0t believe that ths
such fact is certainly not alarming Ia view Of tho
and within the limits OF the held, we ander'
stand generally held IN large blocks. that at tho
very producers could combine 10 regulate AID
strict production to considerable extent IL values
threatened with any further serious depreciation They
did once before when Thorn Creek was Illuminating the
pipe line tanks and pipes AMI surely t Is not 10 their
interest to allow ShrinkIge In price that would bank
that while the drill has been busy ever since crude oil
rose - ana tho pts rom the wells nos
sufficient Overake the rate OF delivery to consumers
Tho average daily excess OF Pipe line deliveries over
December Ihe charters enSagea are 9pont equai 10
the Though tho exports OF mineral oils frcm tho
month year ago. They amounted to 4i9S3775 gallons
value 90 compared with 3sOs942l gallons
failure Europe buy freely Of tic American product.
but tue export business Is in good condition and tho
Russia Will not soon be able TO make any serious IN
The pipe line figures show this month daily average
OF A. G52 barrels against o3,2Ss barrels IN January,
1855, 5S0l3 barrels ~ January 1854, ana ool22 BAR
res In January, 1883 The daily average or the deliver
les has risen to 5J.743 barrels. as compared with
90 23O barrels in January 1888; 401 barrels in jan
uary leS l. aud 1882 barrels Ia January. 1888: Tho
daily average charers $500 barrels against 3ss42
I and ID % OBS Barrels in January 1883 The dsres
from January to Ii charters to the l5th) are as APP
pended: ,.
Runs Deliveries; Deliveries charterss
Total Total barrels DsS av 'Sps SS4s So5 's5ss
When it is considered that the temper oper.
anrs is decidedly bcarsh and that great hue and
raised every itc OF news from the oil country.
IN surprising that tho certificate market holds up az
well as it does. The close Saturday was unchanged
week previous. When this is stated there ~
little 10 adj TO review OF the week. There
and the extreme range for the week was less than
cents. Prominent traders cnloyed Aonopo.y OF Oh tno
each day succeeded the other There was ssnhcanes
10 the daily fluctuations. bur II tho market cannot be
said to have closed strong II was devoid OF pronounced
weakness Carrying rates show scarcity OF certificates
TO loan. -, .,, -. A., IT,
sodaled Exchange Tor the Last Two weeks were as fo
lows:
Weck ended Jan. o. Jan. 16
3Psni.,s I3IsSd So
ES%f.' Ei%sf :::::::s7s. ss7s
Sales barrels. Observation-Disclosures Zi'V|oVov
No change Is 70 noted In the rchncl oil market aad
the buyer is freely supplied at the current rates-9f
cents per gallon here and cents IN Phladeipha sld
Baltimore.
BRADFORD. Penn. Jan. 16-CrGde Oil-Natlonal rraa-
cit Certificates opened at s77s and closed at s7ax
highest price. s77s; lowest price. S7ss CiearaaosA
l.772.000 barrels
OIL CITY, Penn. Jan l6-Cruie on-Nationai Tran
cit Certificates opened at SO and closed at s7Ns
highest price. 50: lowest price. s7h, saieA
7o7 900 barrels; clearances. 3l5S 600 barrels runs.
20. barrels shipments, e5.s67 barrels; charters
6S.2l4 barrels