New-York tribune., 1886-03-29
TIE PETROLECH MARKET

In The week Of 1SSJ corrCs spending with tho
week closing last Saturday the fluctuations IN erudo
certificates ranged from 81 to sOl4 cents last week tho
range from 57s 70 73 cents contrast OF some OF
the of the situation now aud year ago may DO
worth noting Last year the net stock of crude petroleum
vas about Jo 900 900 barrels tho Of pipe lins
deliveries Over runs was G,93T barrels DAY on ,Eo
tho average; tho charters averaged less than
10000 barrels day. and refined oil vas
selling at oG77s cents per gallon. lAe production
ot the Thorn Greek field mad not reached
il maximum, Dn. the limits had DHeh p.e,y Won
aud ty cuhtuerai character as attCs ei win COusd-
erabie degree OF certainty py luo lap.l uecIle ioIu
tLere1traOrlluary rAo u olI-Ia1 .r- oi 1ue '1O
pal wells 10 that region. Tue 10" stocks aofoal tlr
she'd strOng hope % tho trade that au active demand
would be developed In Europe before tls year Went OUT
To-day tho net stock u Oh IS 1bOu; 3.6lOOJO barrels;
n. il about 900 barrels; the charters average nearly
$1,000 barrels daily and refined OIL ~ se.lhg around
are awaiting ful Development with their limits
s largely uud. fined aud HhllS the wells opened In
these regions nothing to compare with the ferulty
OF the Thorn creek guslrrs" they arc important In
size and profitable he producers they show remark
been increased by deeper drilling. In addition other
smaller pools being opened up Europe declines 70
ON of Russian petroleum appears 70 be sufficient TO
check the accomplishment ot high range OF values in
TACT mat both year ago and now There has been
long-:onruued decline III Pr,cr' 81 cruae Oh rom a
what the movement Of specult may be In tAe near
future. we would direct attention e. te faet that "alo
snie & IoTJ 2 W.. & nn Sry an '''''
The news fr m the Kane and Washington folds last
week (which -eem be the deciding factors IN the pres
emf soec@ailv~ stnaon) was besrsh Tne gauge o. Ito
Kane district snOws production OF 2.JO barrels from
about thirty wells. AGAINST daily yield 9t lIoO barrels
frotn eighteen wells two Wee~s ago. The Ihyng Ye.L
opened to the north OF tue original Developments n this
Held is significant as rOrrshadoWng further extension
of me district The latest adyces put It's outflow ss
sbout tive r. barrels an hour. Tue production Of the
Washington wells Is much les. and there was little in
formation OF importance from that Held last week Ia
bDt districts the Development WOA SHOWS Al lucte
The average 0t pipe ue runs !' sfsA tACe@seu aDols
a the or lClYCrifs decreased
about Loo barre!sa day. me run; now ayeTS{s lazy
5T7o4 barrels, against obfil barrels IN ttDruAry,
5sIe6 barrels tn January 34.os5 Oarreli IN March,
SO and G62O2 barrels in march, l7>i. The deliveries
have averaged GiS3G barrels ddly aS ahst lG0JO bar
rels month G6 s30arcsin January, 6lO26 btrres
IN March 1850 ami 6D4iS barrels ~ March, lesl TIC
daily OF charters IS A. Io3 btres RS compared
with O6J barrels iu February, 3Sl1o 0Irres IL jan
uary > barrels In March. 1882 and 80 $50 barrels
IN March 1854. Tne olcia figures from March % IS
charters to tho 26thJ, are as follows;
Runs. Deliveries Deliveries. Charters.
Total ~ 80 lC2J,S lG7g. lii 10
Prices or NItional A. .usit certificates touched tisr
lowest point this year last weeks speculation thOugh
the net decline from the preceding week was only
30 cents Tho opening dealings were confined
10 ya limits and there advance from 767s 10
1-3s cents but wItL Increased act.yty thore was A
: IN 't,t endcd oulv wen 73 cents h,I been toncbri
/ royc IS given the lhuences whlch weakened tho
market and the rally n tho hua transactions only
such might be looked FOR after drop OF Gls cents
the previous week = = d73ls cents Tho specuia-
ton 10 still in the hands OF professional operators and 1t
IS Idle 10 attempt to follow every huctuatlon
OF or 3 cents which theY may manipulate
either way. The support OF tre pubic IN any
upward movement would hayc To be sustained by soma
decisive change IN tho seds statistical outlook and
the bc.r interest tho market appears TO De satisfied
cents above the lowest point and while II could not 30
called weak lacked positive strength. Carrying
The range prices and the dealings at the Con-
soiated Exchange for the last two weeks wero as fol-