New-York tribune., 1888-03-26
THE PEYKOLEUN MARKEE

NEWS FROM THE FIELD AND RANGE OF PRICES.
Tho present Is which naturally will
and cohesveness OF the producers OF petroleum
who have banded themselves together effect change
the position of their conmoay which will enable them TO
OF values than has pre-
vailed In the last Two volrs Wo tho expression more
only sense for the elaborate
tables prepared BY the Executive Committee OF the
Producers Protective Association, and which
available to all who wish to study them,
shows that tho average member OF the oil industry
been losing TIE prices this last
years has aGos financially oaiy by dsprccia
Ing his property and plant For several months the
organized producers have bsen assist IN their
duepg stocks above ground BY the difficulty and
imposed by winter woatler prospecting with the drill
With the weather drilling naturally increase and
there important minsrty OF tas
epdrayOung t. reap the benefits OF the sesacrlce OF
their moi Oor without sharing the preliminary burdens
who have taken snecuiitve position that he profitable
only at tho expense Of their legitimate business interests
These active in operations wherever pOssbeat
Washington at ReiDold ard ~ Clarion County Itis proJa-
BILE that when they make their DAlace at end
Of the year thsy Will fnd that their outlay OF capital
has brought modest returns any but they apparently
sustained by the hope Of making all deficiencies OF
rossb depression which their enterprises tempo
rary bring TO the crude market There sufficient
ward 10 the dTll last stimulate the production
and is than psssiOo that before the
there DO further rise n yield OF OIL But with
the producers aled intact 1t Is practi
cav certain that development work cannot reach the
ACTIVITY OF previous aud What additions
10 current extent which tho
curi-ilment Of the senera volume OF production will Reach
The bear has been assduous the circulation OF
untvoraDe To the producers unon but private
we'll those by the oil country newspapers
which represent regon prove that tho
ssocison Is he closely the policy 1t mapped for
the nhiuS last November The strong who
COMMITTED 10 the scheme too TAR AMI have too
much at stake permit their Lab fail OF
Tho usual quiet OF the In the line
however redeced In tls falling OF IN line shipments
aud the production has little above tho daily
charter engagements for the foreign The dslv
in March have averaged G23<l barrels daily against
1851 rels aud March, 1857,
663l4 barrels March, 1885, and 6 025 barrels 10 March.
1884 The reports rendered daily but
what adGons will 10 male 10 the deliveries by the full
turns will be onset BY the adons 10 The that will also
Do counted The have averaged 35ol7 barrels
day. against +3l57 barrels In Feb
but they with daily OF 50l2
r.ls in March. 1884, 62 555 barrels 1886 and
63O9S barrels IN March, 1880 The excess OF deliveries over
far 27.524 barrels day reiuc.
ton IN stocks this month fall below 100000 barrels
Tho Importance OF such uctiOn however, be
ciated whom is about per the
visible supply OF crude OIL The smaller the purchases OF
Europe few and less Of
shipments The roatsr viii be the through the active
export season.
Tue line figures from March to 90 (charters the
23il inclusive were as fellows
ro,,,,,. Ems s"ns pelyo1iss Derofsr Charter.
ASs. pe asy..: sSSi7 e2i INA s:Ss s.s53
Oh the about tho
by which Onio oil turned II lumusnt
equal ~ tile product from Peunsy crude and tho
papers announce the organization oi new refining
with ambitious aims Tho claimants thi,
entitled whoh establish their assertions
but II they IA made success oi treating the black sun OF
the Buckeye state they have accomplished
OF the Standard OH Company been
There is excoent negative testimony the posi-
bilty OF dealing with Lima crude tho present
bring competition pennsylvani.
osmmoiIty above 81 a barrel AS factor eg
mate market for Pennsylvana OIL the processes so
curousiy advertised Wherever IL Ia possible TO
sensational netce need not bo considered seriously unit
more Of demand for Ohio oil springs ny. and its price
shows tendency to rise above the 10 cent level
which the Buckeye (Sandard) Pipe Line reluctantly
accepts the production
The speculative certificate market last week
moderately active At material recession In values
The extreme decline from the pr-vi01s week reached
over cents, and the bulk OF the loss made
sharp downward movement near the end OF the week
which part0ok somewhat Of = panlcky character. The
Influences which lent their aid to depression stimulus
production by the opening deeper drilling and
topcdong OF several wells, and the revival bearish
reports respecting Lima oil-haye been treated above
To them must be added the aggressive tactics Of
Western bear party. and hc uncasness ei. throughout
speculative circles the deveopnepts and eourse
the railway share mubet While there no evidence
Of change In the tuude Of the investment element
yhere certificates have found lodgment based on o
view Of the oil industry resting above It's temporary
phases, is Question that the large scattered
Western speculative interests were realizing profits on
low priced To their sales added those Of
weak holders aud eleventh hour vuil" as well tho
raiding y the beaIs With more settled feeling In
the stock market AID q builish TO ned
news. the nnal trading effected slight rally but left
the net loss Of the 94 undss the closing
quotation Of the previous week undsr existing
duons and the apathy Of many important operators who
we're prominent in tie winters rise. 1t would be hazard
ta attempt to indicate the future Of values
1t 10 safe TO say, that the commercial situation
is sucL as good buying further rcessson
The range prices and the total dealings Nsuonsi
Transit eeruG the Consolidated Stock and Pc
troleum Exchange lor the lass three weeks were a.
fellows: - -.
Week ended Asrcn ~ "nAfSl IT, Asroh -
OpeutaG. I'D L.
Highest. .-...--.: lvv sst 70
Lowess. xoS
.-.s.3
eaies barrels w rsnuv lLSiSoovvSS
Sales at tlls stock kx <Soaooo Aifo.eoo s.soLWo