New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-09-09
TABLE A
TABLE B.
Av. daily Av. prod.
new prol, per weu'
Av. daily Av. prea.
nayy DrOl. Der well.

The complete returns Of the pipe lines for August
will probably show e Hon harres The partial
returns for last month are as 1oilo"s'
Total E2s Sor 1sI day 5s3si s sS5
The first few days Of SsRO OF eHSS and
CONSUMPTION The pipe line figures from september
to charters to the 6h inclusive, were as follows
Runs Deliveries. DssyfFisss. Charters sss acs
Total ss as; l ssS 'SfR3
Little can be- said respecting the refined oil si'ua
ton. business has been extremely dul. Dut NJ
changes have been made In prices me ie
morris have much heavier stocks than az thls line
Wear ago but few weeks will bring an incleS S
emaad from the interior that WIN speedily eaIcs
them unless fresh export movement nom -AhtcIoa
il started The charters in september have showII
an increase in the average per DAY over " Of
LusincSs THE OH City Derrick last week printed
letter under date of June - TO President Eaton
~ tbe on Well supply Company, OF Oh Ilty, ieull.,
from L. D. Gagan former president VINO NOV
Bahl Russia. Summarized Il shows: lhat ,niV Tm
the at least 20 per cent les oil Ian, nS' sma
forwarded from Baku than usual maj n NAM, and
refnerics are shut down FOR lack Oh cI"uc, 80 o..
failures expected on account OF inc rso paScd
at the wells that the scarcity has grauS pth
proSpectinr I'm the oil territory that the Noble Bfolhes
have started two wells some five miles We>t oL ,ne
present development ard others are l00N .@ .o1r
and that the nine line through the Suram PaNs nearly
forty miles is nearly finished, but seem, to pc Gady
laid and liable to leakage The letter eNhlDns Ia
frong LIGHT tho decay ~ the Russian pool ana sng
resis that even undGs favorable circumstances a
revival of serious competition cannot occur I'VE quot
from the letter. for at least two or three years 10
The National Transit certificate market opened laSt
week dun and heavy and Nv sU S
h.mmcrlng prices carried down iroSi
o., o. 5s cents to SO SIS cents for October op
ions september sellr. at 90 Il. The stock TX TX
chang, movement was q parallel limos. bu' towsH me
cnd OF the week demand for cash OIL ecked iurns'
hear opera lions and turned the market sharply upWaIu
values once again just passing the dollar line ma
polnt has frequently proved to be the ngh marx, anu
Ioubtess fresh operations for fall VIII he chcOurSscu
at any possible hesitation at this junctuc' III meIe
Is sufficient bull support 20 susta IN the price ana carr
n nm o or 3 cents more the buying by the SHORTS
would doubtless become more imperaHn, !,
On any cash basis the future OF tbe
narl,et could not he In doubt rs ~
is the cancellation of certificates made necessary Dy
diminishing supply above ground constanuy hsIoms
Tho limits within which reduced Dear l.eirsl
can safely attempt operations. IL Is true that iho
General uuietness Of speculation epels inc ouIsNe
HS,hIc from undertaking Sc long ventures at prices
ponmlarlv supposed be high but present invest
pinent holders are counting upon gradual enhance,
,acnt an values forced by the law OF demand anl
"nnlv The market closed strong but with the short
ic,,,st REDUCED The general advice OF conservative
members OF the trade however. still favors purchases
reactions , -, d ,ho ,otaI deal,nrs IN
vtnai Transit certificates at the Consolidated Stock
and petroleum Exchange for the last TWO weeks were
as follows