New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-07-20
THE PETROLE UNI MARKET

NEWS FROM THE FIELD AND RANGE OF PRICES.
The petroleum situation has almost been frozen into
stodity, II not soldity The crude market IS entirely
devoid Of interest novel feature and prices move
within the most trivial limits. In refined circles the
same stagDatlon prevails and the last week while
bringing triDing decline ia some grades Of oil fr cx.
port, without alteration IN the values Of refined
oil abroad. The weekly Herman letter says tina.
there Is good demand for sailing barrel Oil tonnage,
but that vessels scarce The exports Of crude re-
fined, etc. from Atlantic ports since January 1 are
estimated at 307730000 gallons increase over the
corresponding period Of year ago OF 3515 900 gallons.
The developments in the petroleum country are rot
startling, and there is possibility that the production
Of crudo this month may not equal bearsh expecta-
tons In the market line or bullsh expectations from
the producing point Of view. There SIN is probably
an eess Of production over consumption but IL Is 70
small that 1t furnishes no temptation n speculation
Tho fact that pipeline runs and deliveries
together does not give that the persistent
york OF the drill may not at any moment throw In q
few "gushers' which will run up the production rap
idly AT the present rate Ct output and delivery there
promises 10 bc only small gain IN net stocks in July
The partial returns Of the pipelines so far this
month show daily average Of runs Of CO. sO7 barrels
against full daily average Of e142G barrels In July,
$780, 63.114 barrels in July, 1882 446os In 1865,
and O,46O barrels IT, July 1887. The deliveries have
averaged G5,3l5 barrels, against 56.506 barrels In
July, 1890; s4776 barrels in 1879, 1914 barrels IN
1888, aud 1910 barrels in july 1857. The pipeline
figures from July to 10 lcha.ters T. the 17th) were
follows:
- M Rms; Pellye s,s dsi,S,s Charter;
s Ssi. per day. G5So7 si5 %32 AZ
The Buckeye Pipe Line reports follows
r . Bun: D .!I s54 E,S 6a
average per day.. 36j92 S0OJ9 6,iD3
The certificate market reflected the stagnatiOn In
business circles With DO developments Of import,
ance from the field in the export trade the traders
in crude reduced their operations 20 the lowest ebb
The dulnes that prevails ought induce selling but
this perhaps forbidden by the fact that certificates
held by SPECTATORS The only significance 10 the
course Of values the small but steady decline on
n slowly dwinding volume OF transactions.
The of prices and the total dealings In National
Transit certificates at the stock Exchange and the
Consolidated stock and Petroleum Exchange for the
last two weeks were rs follows
Week ended Jgltll. July is. Jggly ii. jay Ia
HlghosS g g GGst eesA
sales, barrels. 80. 1000 1000 $4,000 1900
There were sales o. 5000 barrels Of Buckeye oil at IA
Consolidated Exchange at 1873 cents
The refined oil market was quiet and easier In tone,
follows Barrels at Hew-Yorfl 6sjaT.O5 cents bulk
$50 cents per gallon: at Philadelphia and BaIu-
more, 6.s0a7 cents lbulk AS cents; cases, $50
cents; crude In barrels, go cents (bulk $40 cens)
per gallon napltha, Is cents
Foreign quotations endel unchanged at 10 8 francs
per 100 klQs at Antwerp, G.25 marks per 50 klOs al
Bremen and 0lo@o-o pence per Imperial gallon ist
London.
Plttsluig, Penn, July IS PETROLEUM dead: National
Trust certificates opened at 67c; closed G7.c hies
Bradford Penn. July ls-Natonal Transit certificates
opened &C 61+c closed az 3lsc highest 671c; lOwes1
60sc ceoTances 10000 bbls.