New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-05-23
THE PETROLEUM MARKET.
NEWS FROM TIE FIELD AND RANGE0F PRICES

NEWS FROM TIE FIELD AND RAN"bNF PFlCES
There was little Of noie IA the PETROLEUM
situation last Speculation remains pin Ideally stag
nsnt Int without exhibiting any fresh depression under
accumulation u stock. above ground the duh and weak
condition VI refined markets and the lack OF oil pubic
demand IL il doubtless FOR The curron produc
ton Of that the refining Interests u necc-lV
must carry the bulk Of a." supply obov' ground Were
stock, distributed among less cohesive hter"-S i m
probable that The weight Il carrying charg, ana ". uh
santy accumulsng burden Of S'c pyguguo9t ,'s Ds
be- borne without wratinesr nc p,osm ,tu become
,he icnnyi'ena and ono ar@"a #
oil lest D"cer>ber would BE- found u D. d n.Gscd
aoq1 90 gfecnas between he two sr.dc Of oil
not natria a. Legalds so nm m,,nt II VII
therefor nguor the two OILS do 30, move owe. a.
"fations which in the ohio petroleum may be
summarized IN decssne ,ock. "na on ascu u1
I.tnS stock, and an almost stationary demand IL Il
,e , SS" s 9c sS% S ''It true that IN the
four months Of 1859 deyen Of prnn.ylvana crude
n Ss n"Gs Of p ss yea O but Tina may
not only in'' sSss is.C Ga, 1igo
sai +; s man a On sv az: yi$%f%
Of proH,- an sddit,9 s Of eco 600 barrels to
The partial PENNSYLVANIA pp ine trnIn- th's mo. u
radng guide 70 any ny et'%s s asote. ' would
in 0 ,s, hc Macy nyrco o .had no, exceed 10000
' To-; 's he %SRS'%s g." @
IN net stocks In Apil proved b. than twice the
amount which had been iumatrd IN the eh Of the pre-
llninarv rcporte. The incomplete pipeline runs so lar
this month have averaged 7o5I7 barrel. day scen,t
In Nav 1891 &c 100 barrels In 1880 ond ,s3's bllIr,
i'm Nav 1899. The deliveries ia May hay" eVsasooaa
g. 1876 barrels day. against full aNcrag"> m '.0v'
arfcis IN April 90 263 barrels In 1891, sO22' barrels
in 1890 and ~ si2 barrels In May. 1889. A.
Ire National Transit ripsin returns rom nav !"
Runs. Deliveries. rum. Chorters
Total barrels. .3J9s23 i279 36s 6os3 'saoyg0,
Ay.larc pr dsy 5o.'i7 81 s55 sls ,:o M Ss,s'I
10 - a. follows:
Runs. Deliveries. deliyglie'
Total barrels. ........ 5s99iS s!Qlt3 ~,
Average ler day ......-- 3l,oi? a3u'- ali IL, Tho
The crude certificate market extremely dn ~ tn'
falyng l. 81. c.n',. \ slight lncIra" III w
ceiling pressure caused decline Of cents, but "" a-'
price was materially lower than the cloAc OF thr PR
yiols week The from the oil country was be1iish
IT. recorded ri-ng t'ndch"y u tr output 81 Wv,
Me Donald pool Tho staying power Of MI. Held are Re-
mnknblc smaller pool which Gems to supIemrnt
pror.os TO the yield u ~ does not expand
the volume production. The prin iptl siTnll' inrr u
Inc transactions option Law ~ thc tat hat prices "raa
cnr ea ly on increased activity. There were no sales
ON The last day the week. aud the market closed WITH
,Gi, cent - The nominal price BID. At hc stock fx
ch,npe b sne, oil entirely neCl' ctrd throughout
making II second coasecuve week liz which no tah-
ur was done. The long .tsRna.i0n in Butkcyc Cdma)
crtacatrs broken by snail al" 1T the stock hs,
,bangc at 10 cents. eqryaent. with chsrpes on, 70 ~
cont. against 372 cents the price paid IN the field
The range prices and The total dealings In National
Transit cert a the Stock Exchange and the Con
sola,nd stock ad Petroleum Exchange In the last TWO
follows;
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