New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-01-30
THE PETROLEUM MARREE

NEWS FROM THE FIELD AND RANGE OF PRICEa
Three months OF years shut down agreed upon DO
the Producers Association and the staad
OIL interests practically COMP sted and accordi"e@
the testimony OF both sides the movement mas fulfilled all
executions II understood hat the standard nshsd
that the producers fulfilled their contract and we hear
from producers complaint against the other party
tue bargain When this said and con er'd that oil
ruling nearly thirty cents above last summers prices inc
experiment be called successful and consider
able confidence felt to continuance Of me
shutdown through Its life In the past three months
the ground has amounted 10 over
350U0OO the Ia eontin ued at this
much longer there will be little TO rear
from any new supply likely to BE- fount
at Clarion Brush Greek, or at CannonsOurs,
Penn Last weeks from these localities gave little
hope for depression In values AZ the
speculative situation Is such that any bear
spell field entitled TO mountain $40 by opor .tors
assumed that for the time being tue neld
will influence on market values than II de-
serves Of radical change In the position OF the
com Modify partly growing OF the shutdown scheme
the oil mining business is a. full OF 0uI srprses AZ
Il disappointment for Instance
than the hzEng gu, OF saI"nonrE
Tie striking fresh supplies have been enormously
reduced suspension OF operations and the cooperative
OF the the producer, es,ens the ability OF mea
producers organization search Tor new
1t il generally corcdsd that the monthly re orr Of
development work Will show heavy decline
The president OF the producers ogani zaton estimates
that the Total pro iuctou will $4,000
stocks probably exceed the figures expected 50
far this Pipe line runs mot counting Inc lin"s
maks daily return.) have averaged 81 l5o
res comDlee repOrs 4slS barrels IN Deeencef
1887 barrels January, 1887. and oslso barrels
January 1886 rhe deliveries comparisons on the same
average ~ barrels day against o5 % barrels
December 1887 $50 barrels in January 1887 and Co. sS
barrcl. in Jauuary 1885, The fguros from January TO -
CHARTERS 10 tue 27ta) inclusive weteas follows
Excess
Rims. Deliveries peay,l,ss ch.Tte gss
Tota
Ave- uer 'tay 81 i56 72772 lV636 81. 20
As shown by the charters The export ~hHs
moderate is nearly taxing tn whole production Eu
danseroa-y low stocAss ever ssurdAy e1Oes
81 "a 600 S 6ar the est siuc. January ISL
a aSSas ; 1s incuie DansE supply
have been the same inen a. Il Is now Oh, s,o ec,.,,.
ha. eG 'SoaS !, s PIPE ~, iDs s.r1er ps -
carsiuy % oalatained ~ older board Tic yora
conss, o c P.t.osrS ana as ne aIs. I'd
"a rough .ae ,.pns tl,%s1S s9>;n Rsn1 a
Ia the whole exchanges 10 secure az
market me stock $500 sa5 na u' 1' NV.
re closer between che two New YORK o.
oaotnng o; the market would result froa tide dsangA
oil on tue Stock Eteh,nss 'hs Ss nvs
would have me 5000 and as there arr oly
LsqsT Of On pro % is rata SSon could 10, sss
Ssrrs !" ctsdi Csl1uc.s hardly
mus. 10 constantly carried Gy Tsansr' and oooo""
e: III s:. rs. a.. e:f enc
lev w.ehs A. nus column suggested fur Asr
Tine f. a..nan. i0ns oil sold the winter advance
C. nee ed COZ tsluenily wll. this cons lion ua
lion extremely sensitive whe prices nuctuatet rapidly
ara sd,lv r,sondng Item ~ nnd nese
c,,,,,t-f t- .sh al last Saturday
IA gncfay csditel the speculation OF member VI NE
prSiusers league an th, Suggested lar, Of ers.s
IN Of the .srerment Tue association. however.
| a. ,,m.r.ed above, safe wnsJoyer DO ne
n .tt'J. of an exosptIsnzi member Yet opening
SHARPLY down Saturdays noco, clos ng prtO
Luta rom 10 anoDf. S6, cents brief rally was sae
r.a br drop IS cen caused by sharp re~ctsso
abroad natur corner re-
sulune frem AZ 40 the trade realizes
thai th- arm As ever seA uee
tne nr,y Ills I'm Cool buying WAS motel os al
The REACTIONS although balls Jacket a.gressvrnesa
yarfble time lsnser would not be saf
prsin but tho closed both here and ~ ~
West 4. x....--.
The range prices and the total dealings In haseeas
TiansL for the last thee weeks the Coassn
daTeJ ~ e. and Petroleum EKchsnge were as fellows
nd IA