New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-08-12
THE PETROLEUM MARhEI.
NEWS FROM THE YIELD AND RANCE OF PRICE,

THE PETROLEUM MARhBT.
NEWS FROM THE FIELD AND RANGE OF PRICEa
The statement of the National Transit Company
for July shows receipts of ISL 200 barrels from
wells and 2s7 1873 from other pipe lines, total OF
4GS, 1853 barrels. The deliveries to other lines
10 ss2 barrels, and the regular shipments were 2117,
OO barrels, total Of 2,157,973 barrels, leaving
excess of deliveries Of G59,50O barrels. Compared
with the preceding month"; the July statement shows
a decrease I'm gross stocks OF 017 barrels an
crease of OF 595 barrels in sediment and surplus
count decrease In net liabilities OF 59612 barrels
an Increase Of 343341 barrels In credit balances and
decrease In certificates outstanding Of 1,o32953 bar
RES
When the National Transi. statement IS contrased
with those of former years, the heavy reduction in
stocks and In certificates becomes striking The
figures speak for themselves, and In che appended table
is contrasted the July reports of the National Transit
Company for the last three years
a,. aY2 l sSS 5@4y 1sSs1 I5gs5 5S2 Fl
sediment Sss %eteS 1aa Sad
Certificates outstanding 1925 1972s2iS sf34t3
Tea balances 5saa iSSi4d f9S Sss3s
S3a 1GS go lS4s5 5sjs5S
The character Of the foregoing statements is fully
sustained by the returns of the pipe line for the
month Of August to date: In the appended hgIris
complete returns are usea lor previous a nni
complete Tho daily average Of runs reported this
month date AZ ,233 barrels, against "a daliy
average Of 4A45j barrels In August 1855; oO,3@o IN
1857 IS 5O2 I'm 1856 and 54,77S barrels in August,
1855 The deliveries in August to date have Sverase1
7sI52 barrels, compared with q daily average OF
~ 500 barrels in August, 1885, 1899 in 1887;
1926 I'm 1856, and G6,099 barrels In August looo.
the daily average is 1914 barrels. against 394l9
barrels in August 1883. and 5313S barrels IN 1881.
Annexed thc partial pipeline returns Hon @Au-
gust 1 TO charters to the 9TH ,,oss
p.n- no1i,,orso. d.iverios Charters.
Total b., S c 3 2 1913 7
The foregoing figures Of charters are sufficient
evidence Of the probable continuance OF the e
G5 demand for 1850 Spo The Oh poon Of this Country
dat the exports from the United states as currently
reported from January 1, amounting to 332:E33,OOO
gallons, increase over the same period OF 1883 Oh
While there was quiet but steady demand for
refined petroleum in he export trade through rae
G TgGN and G Sarr raw Eve canre Of the situation was
conducive to higher values but n interest aroused
At the stock Echage prices dIooped early. but there
were quiet pure bases on the roactons which left the
final figures - cent above the close OF the previous
week a small net gain was also shown for The week
IN options tho Consolidated Eoaid. The speculation,
however, langushed in the hands OF Pc iessi2nal
Of trading In charge bearing commodity by manu-.
featuring contracts which only require "evenngup7
has been excited by sugarc0atlng the pil' of
bg charges oil, and the future Of prices seems TO
movement. steady dninufion of actual stocks and
the absence OF disturbing field news. The market
closed fully steady light business.
Tho range Of prices and the total dealings IN National
Transit certificates at the Consolidated Stock and
Petroleum Exchange and the Stock Exchange, for
the last two weeks : follows.
Stock Exchange Con olldated.
Week ended Aug. 3. Aug. TO- Aug 3. Aug. 10.
Opening OOls 99l2 90 99lc
lli2hesJ i eDi2 N''f uO5 i us
Lowest ~ wa 97 W.
saes, OCO 1351O GOO 34s9 600 *2693Oo0
Includes sales Of SO 600 barrels Of August oil and $1,000
barrels Of "to-morrow" delivery
petroleum for export through the week. with prices
firm at 7.4o cents per gallon IN NcwYork and Phia-
delDha. and $50 cents in Galtimorr.
oil City. Penn. Aug. 10-Naonal Transit Certificates
opened az 81 00A highest Al Ola lowest - 0Ol closed
81 o0A sales $4,000 bbis clcarances 6sf 600 bhlsi
charters. 50952 bills shipments, 79,0lO bbls; runs,
CT 5Gi bhis
PlttshWg Penn, Aug. 1O.-Pctroleum duh and heavy;
National Transit Certificates opened at 81 OO9si closed at
~ OOt highest. 81 OH lowest ~ O0ii.
Bradford Penn, Aug 10-Nation9i Transit Certificates
opened a. II cos; closed at 81 0o Richest 81 Oh;
Titusvila Penn. Aug lO-Nafional Transit Certh-
opened at 81 OOcs highest 81 Ola lowest, 81 OO
closed, 81 00i4.