New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-08-18

there is a large field for the exercise of opinions
through dealings. There Is "a party which has per
sisently claimed that Ohio crude practically
equal to Pennsylvania and here will be furnished an
opportunity for securing some Of the commodity. The
present shipments of the Buckeye Pipe Line are al
most wholly for fuel purposes, but the growth Oh
this demand is not yet sufficient TO overtakc the out
put The receipts last month OF the Buckeye line
were 1105,5s5 barrels, 231,764 barrels
in excess OF the deliveries. The net stocks
were II 744,OO3 barrels July 81. But there are
also three other lines which handle Ohio oil, mainly In
connection with the Buckeye and under standard
CONTROL. These the Chicago Pipe Line dhc
Cygnet and the Northern Pipe Line. The stocks they
hold amount amount 1000 900 barrels, so that
tie total amount above ground in the custody Oh
Standard organizations IS some 2O,OOO,OOO barrels
This, consolidated with Pennsylvania stocks. would
give only 3O.OOO.OOO barrels Of crude petroleum or
one years consumption The Buckeye statement In
full modelled on The National Transit scheme VIII
probably DC received at the Offices here this week
It is significant that the market for Pennsylvania
crude has hailed the advent OF the inferior article on
the exchanges with a strong tone and using
tendency. some inlutlce has been excrtcd by
manipuativc or speculative considerations, but there
is a lcstmatc reason for improvement The refined
markets are better both here and abroad, and an
excellent business has been done at further advance
In refined In New York. The season OF the largest
consumption is approaching, and If the work Of the
drill is be stimulated the newer districts In West
Virginia. prices will have to be sustained on goo"
basis. The total pipe lire runs in the PENNSYLVANIA
fields last month in excess Of June, but meet
thccss the excess OF deliveries over runs was leo.
.3s barrels. against l2J 537 barrels IN June. Net
stocks in July reduced l4V,Io9 barrels, against
q reduction in the previous month Of l24lCo barrels
The production i higher than IL has been In many
years, amounting to s1426 barrels per day, but the
deliveries are also almost up TO the highest nOtch
The total deliveries from January to jay inclusive
amounted 10 l7,OGO,5jO barrels an increase upon
the deliveries for the corresponding period of 1852 0
73l .4.3 barrels. should the consumption OF 1870
only exceed that of 1--O. tie deliveries due for the
remainder Of the year would be l2,il@.3l4 barrel
for i've months, "A daily average OF s2,14- barrels
or 300 barrels ahead Of last months daily average
output lut II i reasonable IN assume that the year
will al least hold the increase shown up u date, ana
if we simply take the deliveries in 1850 from August
10 December inclusive the prospect for the latter
part Of 1890 will have l3,143,T47 barrels or a
daily average OF - ,625 barrels, In brief Willie the
expectations of many observers were That the sum
mcr prOdu would rise 10 10000 barrels. II Is stu
only 900 barrels per day, and the moral probabilities
are that the daily consumption VIII run close
upon 80 900 barrels daily D. the end Of 1890.
Annexed are the reports Of the Icnnsylvania pipe
line, in full for the last two months and for July