New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-01-26
THE PETROLEUM MARKET

NEWS FROM THE FIELD AND RANGE OF PRICES.
Higher price, for both crude and refined Oil were ie'
corded last week In the absence Of any favorable eha"sc
in existing conditions. ON the contrary, the news I
the petroleum regions bcarish In character Sec'a'
good strikes" enlargng the wildwood District anu
general lie In production being apparent In export
circles only a moderate business was DONE Dut prizes
were advanced 1--WE points in sympathy WIN inc s"'ip
emeut in crude. Prospects remain good, however,
for large bushes, in refined this and the OUTWARD
movement from Atlantic ports since January mas
been 81 1915 600 gallons an increase over the Corresponding
erlod OF 1890 q $4,000 gallons. The incieaS" ID
production pocede far actually to give promise
OF accumulation iii Pennsylvania stocks this month.
The partial returns OF the pipe lines for the is thfee
weeks Of January show excess of runs over deliveries
although tie amount is but thrilling. With the exception
Of March 1880. there has been no accumulation OF sDcns
i'G me u,4 GS%"ag o Sto Of The gsher abound
q The West Virginia neds viii PIog'ed slowly aTyd
Neyeui,ess a production Of 5000 barrel, (Which r.
far e,mae at present. I"I0 a IL The d ayeisge con-
sumption lat year fell below soO21 baIrf,s. lneline,
hi! month show daily average rans % $50 barrels.
9s D sp 6s S1 IN Of s sS On so
in January 1859 80 723 barrels in ISIS ana Of
S555 barrels. Compared witt, ssOs barrel; in Deem,
SaIc SS IN J al SS 70 s sSe Of 5 and
aG 2S' Gs i 3 lSs ha 800 h % sD'' HUM
Runs. Deliveries. ' Fun. Charters;
AScIag~ per- day. 70 $50 75.755 81 3Gl9s
The Buckeye PiaLne reports as follows: ,...o..
Runs. Deliveries. lgns;;.
I%al sor rel 5,v g i o9 9Sss i5
The Consolidated Exchanse led The Nc%YO Fo crude nae
W 's the Stock D Gt SS g CUISINE ' "a. dome
III Wednesday. prices opened at 20 cents rising
rapidly the day above z cents in obedience {?
he cnc gysn by he opti9n; Ihe tadl"E n % ur
atug early around 7d73 cents the market rushed on
IhTdsy to - c,nT Iae n oV e se m the eS
hibton Of sudden fright on the part Of thc short In
though realizing sales I'D final reaction 70 los cents,
net gain from the previous week o. only Ia cents. LICK
Thursday when spirited market in PENNSYLVANIA crude
-rrpatheticnly sent buckeye up cent? An mpr.'i9n
Tor tho present are not avcr-e to higher prices.
Speculation remains essentially professional although the
range prices and he total deancs {" National ,g
Transit and Eucse PIPE 9e e S,a and a. I@t SH
Exchange for tic ended January "a were a. follows
Stock EI Sha9s: v ccn 70 h,kSy.
il5:::.; ....:.:: + 8 j., e:
sales. barrels Ills 900 5000 $4,000 $4,000
The refined market has been moderately astl,e rr ana
and $50 cents per gallon in cases, 'rnGG ~ bafr s. TSE
W goats to 10 &c c'nts per gallon Nap'''' was "
The mark lrr"gg,a Ged ~ tI,oc s,Fi ~
90 francs per 100 klos. At Bremen quotations Teps
advanced 30 points 70 go marks per % KIDS 1 ae
London prices were unchanged at o. pence per i'"P"
on city Penn. Jan o.-Na,loual Transit certificates
opened & highest 5,c lo~e s 56S closed
sSs p%qt esss 6O: KIN: 5 400 s2 National Ss
Transit certificates opened at '5tc closed az ''sc hs"
est G Penn jan 2iNatlonal Ttan: certificates
o,nS AZ closed Mt 75ic, highest, 7o7ici lowest
7S.c; ci,aianccs, 1000 bbI-'