New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-04-21
TIE PETROLEUM MARKET


| .
,.,,ve rpo,, THE FIELD AND RANGE OF PRICES.
| ,,,to,,ch ,bor, has been radical change IN the
,c,roIcun eituotion there has been n recovery III
crude values since last review The eXces I've
extent to which the certificate market hah De'n SON
short excessive in comparison Win the amount
90 certificates available for delivery was responsible
p,iucpaIy for the rally although there doubtless was
| = e,usu sunuort extended by purchase, based
ON ,lc thcor, that Pcnn-ylvana oil At - cent should,
considering all the conditions, be aboni at b'dr rock
| Coma i,e,enc. wa. cycried favor,bly by the advance
in the price of ohio oil Ia ~ l" cents II beng ar
,cd That n the importance OF the control Of the Ohio
ecds 70 the standard great rs to warrant the
| doubliuc Of the price In two weeks. the conceded
| un.riortv ~ Pennsylvania crude would prevent
severe depression in it, price Tho net stocks OF the
ruckcyc Pipe Line amount To 1i2i.3i0 barrel. The
hi. nrccs now being paid FOR the Lima oil has lei Z,
alive work and increased the output. The deliveries
in March were 123.l25 barrels "rceular.7 and 400.
os3 barrels other a total Of 6l32os barrels. The
rms amounted to G7617J barrels. an de-
,yere, of g. 0G7 barrels We cannot yet ring our
selves to consider ohio oil ~ serious factor IN de-
tcrmining the value Of Pennsylvania p,~
troIcum. The advance in the Lima fields
has been the result Of hot contest for
territory and production between the standard interests
and outsiders. with the end Of this competition by
compromise conquest II is probable that the price
Of Lima crude would seek lower level There IS
constant growth In the Of this oil As fuel well
| as for refining purposes Bat there has been
change We understand. in the status Of Ohio oil.
far a. the standard j. concerned since last gave
IL extended attention. lis results Ia the rcincr
so far inferior those Yielded by the higher grades Of
petroleum in Pennsylvania aud West Virginia that only
i'm case Of cxtraya-ant figures being attained by the
latter couh the introduction OF Ohio Illuminating oil
be pushed to a great extent
The field situation. outside Of Ohio. has presented
10 particular change in aspect. The recovery In
valnc, last week and hopeful view Of the near
future have tended to sustain the whole volume II
development work The trade gives little attention at
the moment t. the West Virginia developments, but
advlccs from Eureka, in the vicinity of Parhcr'bniE
W. Va. and Marietta ohio. show that fair produc-
ton hi, already been attained, and that Held WORK
is increasing. In the Penn-'N ANA regions ti't' W."
been about the usual number OF failures and Of good
month or two ago With regard the extension of some
OF the districts. The total production !, probably ~
! Little increased from last month. but TIE smaller
volume of dclvcros. when oour,ted with ycai ago:
would stu seem to promise Somc accumulation oil
Tie partial pipe line reports show a small eNoess In
the run over deliveries but complete 5cln.n' ,, VIII
april / " IL (chartcr. to the l7th inclusive:
Excess
Total ,u. Fe2' Posc'.; O''; '91; rs
markets lat week aud tc general tendency Of prices
was upward although no important change, arc 10 pn
Of charter engagement which a 't.d aNe g. sn.onT
t. 521oD barrels, against 2"3'l barf'l' Tor INC iuil
however. stll hss behind year Axe. he uno' ,
| c-fimaie- ~ exports from the Atanur pore H"4i
January t. dat" 1901 900 gallons d-frt-',
Of .5,7I7 gallons from the corresponding period 81
The crude markets last week enloycd an incrci-e
in activity ana the exercise 81 mall amount 81
aggression hy tie bull, the covering Of short. was
| forced ~ advancing hrur.s. There wa irr'EnlhfiF
! iu the daly movements, =, Wa hainr'l hl,r 'l' -
! ~, ~" ~, , 81, conf. f. 49, cent? and options
noted above some II the cause, that lcc - the de
y.l.pmcnt 81 stronger tone. n only remain, e. ar
sad that while 1t b, not apparent that any m''rn. ,
~ importance j. probable within IN" coming week. m"
market closed firm. and ~ IN" "b-'l'' OF an, NV
di-epurelns occurrences, there is prospect 81 s'"lo
| further Improvement in vnluc'. .
| rtr rang. of prices and the total dealings In Va
uona Transit crrt,ale- At the ,on,otaicl rt3,k
IN. last two weeks were ~ follows:
| Stock T>chanre. Consolidated
Week ended ApHlie, Apa. TO- Ag11l T. AlTi 10.
I, .:::.. . .-....-- r.. &. a e
S,i'e. iarr.i, . 725ooO $4,000 10000 1892 900
Their. wa. increased hu.iuc-s In refined oil last
y.et and prices advanced IN consequence" 10 points
3,,,,T .,rlv Int rallied aud ended unchanged AT $40
cents per gallon Crude ln barrels cio'"n ui'hans'l
at $50 ocni~ bat nasitha was 30 points lower At
''I rio lorcl.' markets were stronger. and closing
ouotafons were: Antwerp 10 ! "a ~ - franc, per
tno lfn.. Irrmcn, go marks per % kllos London,
!, : iGo . . r pence per Imperial gallon
ON CIV Penn. Apnl lo.-Na'ipna Transit ccrtncat's
opened -5c hir'st -'-' l""rs' &C.. '"su -
-- 2l0O0O bb- shipments, 'hV7' Dds runs OLA
Dbl, .,.fu,., Penn Aprn 70 Petroleum. duh but firm
Natona Transit certificates opened a. Soc CLOSED at s'c
highest -,i-c. lowest. Sii.c. .
h1''o %, c"l.d At $50; highest Soc lowest.
| sfs-c; cr4fanccs, l.1oi.OOo bbls