New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-06-29
THE PETROLE MARKET
rnou THE FIELD AND RANGE OF PRICES.

.r,r,r ,,po,, rur FIELD AND RANGE OF PRICES.
Speculation continues absent from the oil markets.
Of the world while conditions that impose ioN 'aiu
upon the crude product remain unchangeu' i"0 w
mand for refined oil is light and quotauohs Ns. W." e
tended downward Prices are fully twenty-five
points below the highest figure OF June, looo' anu
fifteen points below the average for tnat nion.n
They are even lower than the average Of the enue
wear OF 1890. The foreign markets are msteri"nS
lower on the Continental Antwerp the present quo
ton OF 10 1-5 francs comparing with IL l-o@i' -
last year, and at Bremen the quotation o'Zo mains
comparing with range of 5000 $50 MARKS ING
exports this year are but little than those OF inc
corresponding period of 1890. Since January l. inc
exports of crude, refined etc, from the Atanuc por'S
have been 265,15OOOO gallons, an increase Oh only
1924 900 gallons. While these facts Indicate the uli
Guilty with which Russian competition is meI tne o"V
look In the American producing regions sun IaNors
large production and accumulation In stocks Az tho
end OF May tho visible supply OF pennsylvania IVES.
Virginia oil was 109O0,o40 barrels, against 929ool4
barrels on December 81 1900 This Increase OF
LOGO 600 barrels in the first five months OF 1911 gives
an average Of more than 100000 barrels per month";
At that rate OF increase the net stocks at the emu
of the year will amount to 13,oOo'ooo Dsricis'
and to find a larger amount In any mon,n
previous we will have TO go back to the
summer of 1885, Unless foreign conditions change TOT
the better and exports increase more rap1y aGf
In the year. this OF crude prOductOn VIII
table a higher range OF values III lOOhhs ito
the future we must also remember that the eVuenuo
is strong that West Virginia Will develop eASnsiso
supplies Authorities in that state believe III tS eA
isteICe OF extensive belt, and the large
OF land and the Investment OF heavy capital IN PIPE
line by the standard affords conclusive corroooio,o;
The current pipe line reports indicate an excess OF
runs over deliveries this month OF more thah 800 $3.50
barrels which figures are likely to be Increased When
the fui returns are in. The average runs 10 date nav
been 1894 barrels per day against full average Oh
70 600 barrels in June 1890; 0Ooo4 barrels III i0TH
1920 In 1888. and 81 800 barrels In June ioo.
deliveries have averaged 81 256 barrels, against S35d
barrels In June 1890: 1877 barrels IN 1882 ooOo
I'm 1888 and II 7O5 barrels In June, 1887 Inc ngIes
from June to 20 charters to the 26th inclusive were
as follows: rs
Runs Deliveries. runs. Charters bar sra
Ave. per day. 1884 07,256 CO.'S 4SS'o
The Buckeye pipe line reports as follows:
Runs Deliveries. Excess cess rns
Totll barrels. .o00,30o Olt'ooo o3S
Average per day........ IS GA 20,9s0 I'oZo
Two-thlrds the business recorded In options isSt
week were contributed BY The dealings OF tuesday
when substantially the extreme break OF the week 0c-
curred Prices had rallied 10 SO 3-o cents, Dut the
heavy selling depressed the market to SO - Genus on
Tuesday and later TO SO cents. The held news cOIl
tinued beansh but without sensational FEATURES anu
the decline in refined helped to depreSs cruue. -
trflng rally attended the final transactions, "nGh
were on an extremely small scale. The cru1e arucle
was almost absolutely neglected at the stock EXchsse
The range of prices and the total dealings In Nauot
Tran SIT certificates at the stock Exchange ana the
Consolidated stock and Petroleum Exchanges Tor the
last two weeks were rs follows