New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-02-23
THE PETROLECM MARKET.

NEWS FROM THE FIELD AND RANGE OF PRICES.
There Is no material change in the refined petroleum
situation The demand continues only moderate with Inc az
yIty largely confined 10 oil in bulk The tone was him o't
week however and abroad there was slightly hardening
dispost on. The charters for the month 50 far nave
reached fairly large figures export movement from
the Atlantic ports January 70 date IS estimate HC
20 Sos 600 gallons Increase Of $4,000 gallons over
the corresponding week Of 1890
In the crude situation the principal occurrence OF inc
week va, tho opening Of three good wells IN n" McCWdy
district in the neghborhooi u Pttsburr. These wells
started about 49, 30 and 100 barrels respectively anu
they situated to indicate an enlargement oi o
territory With the decline In the output OF thc "d"oOu
nc the new pool assuming prominence, and it furnishes
fresh testimony the prolific supply Of oil In u" Da'h
OF Allegheny and Washington counties Drilling mas o'ch
stimulated by these new strikcs In Southwestern Penn
syyania but In the older regions It said that come
falling Of Ia, taken place in development work IL Is
nrob,ble that taking the entire petroleum REGIONS, N
Guiding West virginia, tho daily production mas iA,i
tHr produccrs III pe,snr Harr.bGrs ion LEGISLATION
se "a Tg d,ly do not Sem to b. so tcroaqy gard
ant a. to 7, goG ,n ia e. r dtac u prudence @
eoosefyaye tSiSS w 81 Of @ the nsa 10 ay,y wac6 Pc
Vans IN n month Of SPt . Tgni9y' BY 1S 5c ps r
narts AZ hand indicate an accumulation a. hi@
a; 3o on 5 at BOB % ars, as. barrel
Ero is2 St4 anS - 5s bs -'' c6 , VIII pj
barrel, 81 February, 1880 and sl5,2 e',ir ia il
tehartcrs to tgGe 2othj. inclusive. were as follows
Run, Dcliverir- Charters
Total iGol L-lt61D o-0l2 o'3 ~
Av,ac. Der day.. 7U,pl1 b',J1- 800 ''-''
Tho Buckeye Plpo Line rpoFi- Excess,
Hun. pe!ySI,,''. i Tu !i;
Total bbs g." ,,2 10 o6i 0OJO
Ay..ag, per day ........--..-... 5'-oD "V'-p' '''
Al tho stock Exchange last w'ok there was q I i
handful u dealings ia oil. and 20 'ars t'N P@S
sr,s IN ..iay At both Nrw-forN lNclane"- 81" ~!
certificate, were wholly neglected. II" r'",,p tI -
,ou1 Transit option, AZ the 'nfrc liatrl ly'It
hiv I'm ,e.. Of hat II previous w,'k. IN Iitt ~
~ tho sherman ob,s1ur,. 'ut Their w. H" Gi'Hse ~
III. n-of...iDual clarictsr u the -lrar ih' N.-
on.,id IN tho McCuriv district Induced b'h-h -i"t''
.,a,0 W.,frru who wr.r -'HlN -'u'I~ ~ IN
er.ci Price, Welded slowly at The -trt hNt NeN .Wp
,..,Ir.-- near close. when tIr Utff't u''iit
Cc,s tha net and highest price o. tl' N't iy som
~, rtars the hryiug IN" depression vas tu"I-hi o. l
~, as ,,f.r,y.d kind Int he clos. was ar " -tNy anu
,rfher L. ar-h from the field would p'DaD1 PROVOKE
if'S1 INN ~, p-lce, and the total dealing, IN national
1-,,si, ccr-Acates the stock lNcnnr" ara "" ,oh
Idated stock and Petroleum Exchange for tho last two
weeks were follows:
stock Exchange, ., r. con 4. F'S' y
2 Ig7s2s!s ..::. .:.:::... 7 7S g 8
Low - ...-...---- -.i.
"a lor-.r- .........ojoOO 5000 3'3ooo $4,000
r.0u,d oil ,yas orct. hut unchlnIi a; 5d75o rnt'
I'm ilr-.l, bulk % cents. and 90, 'rh- TO 49, '
IN inrr.i, v1- 10 cents bulk 80 cft', ana naI",'