New-York tribune., 1890-04-28
NEWS FROM THE FIELD AND RANGE OF PI

NEWS FROM THE FIELD AND RANGE OF PRICES.
Speculation in crude petroleum markets has rea hed
such low ebb tempted 10 uouo' It's possible
revival But the sudden bull cyclone In wheat short
time ago and the renewed vitality shown IN railway shares
have been incidents which have encourased some o inc
oil traders to hone that their avortc VIII be the next 10
receive public patronage IL Is arsueu Una. INV PRIV. VI
attained unsuspected proportions ana that e poeieS Oh
s,to h ca f.r becn disappointing to those who took
s,misc view short time back 1t Is true that the
output has only held it, own recently anu u 'uuEc HUM
o., r,,, ronorts OF the pipe lines the net stocks are
nrobsby stationary and may even recoru sshV ueor'c
g. ri nontb 4, to field work, 'kcinan's News
letter., saws: --latest advces from the producing us
,rcts are that there very material increase IN
wells drilling or RIGS up in the report for ApFi ana that
new production show decrease unless some large
,rles sboud be made before the close Of the month
The production including the west 'Hsmi" uiS.ni'''
holds at about II 900 10000 barrels daily lhcrc
n considerable force in arguments based on this con-
don OF affairs but 1t IS not inoppone 10 suesest LOT
oderatlon some OF the influences which may restrain
confident operations for a rise. Iheie mas poc" 'p
lively little Gmnution OF activity on 'he pirO u III"
producing interest in the absence OF concerted move
, ., T. reasonable to suppose that In the summer when
drilling can be done at minimum OF cost the develop
ment will mount to higher nsuieS' we , % NV NV
pretend 10 estimate the proDaole 'our7e VI Plo"''
further than 70 say that West Virginia Developments
r - tho most nrosnc character and that the standard
Is preparng to handle considerable output from the dS
,,t arouna parkersburg No decided check i likely to
be given to explorations so long ~ i''S" o'' 'o "
the field from 81 to ~ 10 per larici.
The INCOMPLETE pipeline reports place the usiN aver
c of runs 50 far this month at 5Gio barrels compsd
with full OF 1iOl' barrels III NA''n anu o'''
harr,s =, Anil 1850 a. 500 barrels In April. 1883 and
eG oG barrels in April lss7 The dauy average oi de
yrIcs has been II 673 barrels. compared with s03oi
barrel, IN March and IDOL barrels IN APRIL io''
ga ~ harrel, in April 1855 and 649s2 tarol- IN 1851
rhe charters average 81 755 barrels, against .91l Ia
,l in Anil 1883 3e.4i0 barrels In April ISIS ana
:, -o- b,rfcl, in 1857. The figures from April Ia
.nru oi hartcr- to tho 25t inclusive were follows
' FNce--
Runs Deliveries. D,lt,rles. Chartsrs nye
Total barrels 1.55 s3S l,'=ol,, l'@0-. l-i vN1
slight inproycm,nt in the foreign refined markets
eecrcd no changes in homo prices. Quotations abroad
couore vt,h hi, time year fellows: Antwerp
,cs apainst IL francs in 1883; Bremen. ESQ. against
40 marks London. 5isd5's pence change from S7o
rho cNuort trade been distinctly better hut ship
mont, SIN lag behind last year. Unofficial figures place
,,o .>norts from Atlantic port, nom January to
date At las jji 600 gallons. dccicase from loo9 "i
- 1873. 900 gallons.
Crude certificates last week dull, without The de-
,c,oopent Of any novel feature The expectation oi an
,upro,cncnt Disappointed. because Of the opening &"
over,l rood wells. news aNailod Of ht the
,c,r. for fadiuc purpose and option, ""r diN'n ron
IS to Sls S,o SIT s5 to s ccnt- Ntihsf stayed
n~ AT it, lowest point oil rtacung T. So and o
,iois 20 50 cents. Around - cents th' Nr't seems 70
.hnv tendency selling. but on III" other hand
- rads toward ~O-c,nt mark are quickly rallied
from The market narrow and sensitive 70 even snai
operations but IL t.O'ti Iu.ii S'''1' "'" i''''"n
soIs ppnsc 81 prices and The dealings national
lagm Txchsnsc the stock Exchange for the lat two
weeks were as follows.