New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-12-01
TIE PE1ROLEUN MARKETS.

NEWS FROM THE FIELD AND RANGE OF PRICES
Il would seem that the STANDARD oil interests are
still pursuing their policy Of securing an a6-oiie
control Of the oil production possible Report; last
week com The West said that another important par
chase Of property had been made from the Mckinney
Bros the sale including Ohio we'll as Pennsylvania
lands and interests Ii will be remembered That the
heavy purchases Of producing territory IN Pennsylvania
made last June by the standard were followed by some
improvement in values, but n that time the total
production 10000 barrels under the present daily
average. and good export demand was beiore inNte1d
Of behind the trade 1t is impossible 10 say what
amount Of production is now absolutely controlled
by the refining Interests, but II certainly II very
material proportion Of the entire output. Whatever
i, the exact amount, it is oil at absolute net cost
TO the cfiner. II is oil that will flow without re-
stricOn unless here should be some agreement between
the standard and the Independent producers. Instead
of there being indication of such an agreement there
is talk at the West Of rival pipe lne aud Of an
independent seaboard refinery. II l. true that the
producers would probably be benefited II there were
a large organization competing with the STANDARD Tor
the crude article. But it 10 us that n quicker
method of checking the decline In values would bo 10
put limits upon the drill and 10 allow the output
again 10 fall considerably below consumption. We
have vel to hear Of substantial movement l0fiS I"
thi, end. ON the contrary, the explorer Is daily gvns
more attention to the development OF the West Virginia
oil country and the principal reliance against further
r o., ,h .,,nl, .ccr,s 10 he the approach Of winter
~ ia ' 7'I" -. -, -, 'o,.,,,, g.. ,oo-
Hut " natural 'hrHhRafc Iro'h 'o'u "''' -
substitute for restriction when tho new work i on Sn'h
VAT ca1r ~ AZ prrscut with DR. missing OutlOOh, III
. ... M ,,, . r,o,,uf hnU reli
many uHc'u''9' Lc' u 'So ~. - ' :,
able cold weather shrnkaec Ia, bee" ~ me past ia
>,vorlor 1--o the rluc.llue runs averaged about
-, '' -, - 49,. ,i, .,oro.,,. ,.-,. f., rol,ri,a.y
'4'o"' DARIUS per u'H "'0 "'''"'' '
$500. - 1i,iO- barrel. The Two Iic'cI.hs Mi,.i'
can hardly he taken mo account, p.' '" ~ ,r, ,.ur
fl ~ \Dtr flItFT
January, l0-D, IL was 1921 barrels. IT. N"N,-In'I,
l--7 the ouiput Wa io-l- biF'cl' IL "'. - Do"
barrels IN JaiHhIN, - DIV va up IT, " - =
IN February, l7he: Ia NoNcmp'r' w. W. p. , -,
Wa, '@ltb barrels a Jay u req - 49, "a
January, l0o', but that wa i'''n.t "' ,N'' 49,,
hcId~. In N"vemrr: 49,. tA' uu'I"' wa a,r''
ol-VpO ha1tl~' gen 10 - 80 "''' ~ .rci
1--6, ana IN the following month Fj, To- -,
per day. Even should i"'I' !. '.'', ,.G -.
# 1000 hhFc> gay, i"' oulnI N'.' ~ ,i, ',r,.
rel, or more lhdh ''''' "ail''. 'o. I'm 90
OF delNcIrr ior inc A'-' zen Hi0l'l' V' .. lima
forc~hado"od Only trHnS i"u' ION H N"'.i'W "'
tJta net stocks. The incomplete tEuI'- IRON -'''c"
Der 20 20 (caricls t. the Z7ti, lH'lI-INc' aye J.
follows:
Tyce.s
Runs. DolNetlc~. d'.lN, o. Us. I .aftr,
Total barrels ...1H-l 80 -.let - -o-l9- "v
~ .F'r' pi D'>' ''-'- ''''' '''''
Tie price of Buckeye certificates AZ TIE speculative
exchange, is now, II 81" add ppare d" :" , NJ pr
barrel about "l"iNA".t u" me I.r l''" ot,
wells. 10 would so 10. ici'i'I' l'a' hHf'' - .'''