New-York tribune., 1889-12-23
THE PETROLEUM MARKET



There have sensational features III 'o
trade since our last review. Business continues
% no done all the time but without any unusu'' pu
bcine felt The foreign markets have fule1 aoou' "o
same as a week ago. and while public quotations are
,anc higher I'm Antwerp. they arc I'D lower In London
,oo the publc quotations ruled unchanged but the
tone OF the market been hrm The daily average OF
hr,crs IN date this month been 30.350 barrels,
compared with daily average OF 21S5 barrels IN Deec
ber 1883 The exports OF crude, refined. etc. from
January to date Atlantic ports have amounted
TO 606 900 gallons increase the corresponding
period of year Of about 9S 100000 gallons From all
United ports the increase In exports over 1888 Is
estimated at about 9S 100000 gallons equal to about
5000 900 barrels crude equivalent The shipments into
the interior Europe this largely In excess oil
year ago and the the seabo1rd ports are ma
,s6sy smaller ae6c ho L b e'h So SsVc Been
extent speculation In fact only one opinion Gpop sipnents
represent legitimate gains in foreign eonsumpt%o on orent
are "a Ine b rPpcerd The search for new and new
territory is prosecuted actively witnOuSi witnoS IN one locality
only shrnkage in output IN t sre weeks
pfribs p becc%Sr nacae Si ss daily SS'iS
Woyembers 10 s9t barrels in December, 1850 4so issao
barrels in December 1887, and 6g So Si day com.
1arcd bnS Wb ~ ss barrels in November nac saS
In December 1855 So SO barrels nae IN Gres from De-
eembcr TO 10 charters to the 2oth'' inclusive
follows; Excess de.
-
Average per day. jJJo3 o-'i'' -. T. this
onuI.r ,uestion among the trdc noSadays is 'S nhy
II something l. out of gear IN uc cruud he made
sn', tho nrice sl 5Of' The answer hlsh sndc how
yith All speculative Influences hostie ,bc ststistcal
doc m remain on such high aNeragr II Hnraoc rullng
nositon il not to tell in the end inc 49, ~ foIIovs
rrc for crude certificates since july a a. a. o"ns Son
r,rb month. July 9j12 cents; AuBnst, 10 ToVemher
,nnbor oo OK cents: October, II Ol.oo 'o,aa,rbai
~ o. IA In 10 date the December aNeIus rIe I'm it,
Fnir' - al ii The trade Is bearsh a. Iu. Son, -. H.
1ic Of the future Of crude, but thcfc u ~ sr,ers
Tho noycueus of the To- justify ulc lu "A tture
denrrsslon unless some new ana uheApo0''u
projected into the situation .o,, tho volume
Thrre was little difference between Jly . a, the
ina IN National Transit certificates ana options .. VIZ
XevYork Exchanges last week ana tnt Tbo totai
Nv 49, thc Character OF the market chang "a inr i V
,o narrow limits aud prices scnstINc 20 ',nni,hr
Voui"a 10 nvcn a moderate extent Ihcfr ~ piO"Sm3 az
,norc ~ short interest than existed Nerh va ru",,
" b", bcrc /. equally absence OF oigahasu 80 and
Prices have vet be tested by pressure p, ort tI
Il il certain that selling movement o '
roorn nyIxers would "iImp in 10 asv'h IND II o.
moyeu,ent The market was kept up a, ~ the ,eek
~ Ofi6Si OO for OPTIONS IN the carry ~, - nqa ,oi
hut In the late trading recession 20 ~ bon, ,v,s
ined The course values at thf Stoch thn cinsc
from OSi, asI O5 S1 O3'sdsl O3,s' ~ IN ,t-'.
,hrs r,s littlc bull,h sentiment IL Il mofs ta,
hnvcv.r that lower range Of prices "ouu "''''' ''
activity and attract new hNhg s..,,,,e I'm National
Tho range of Irccs and the total oeallh1s IN pn
Tr,,stt cert0c1t1s at the Stock Exchange anu nv @
iied to"k and Petroleum Exchange Tor the last TWO
wceks were follows ,,,,-,
Stock Exchange Consoh1ateo;; l.,