New-York tribune., 1892-04-25
THE PETROLEUM MARKET.

NEWS FROM THE FIELD AND RANGE OF PRICES
There has oecn some steadincss shown In the crude
oil markets recently. because OF the diminished excess
OF pipe line runs over deliveries this month"; ana the
talk among the independent producers OF cohcer'ei
movement to restrict the output. 1t l. uhcuit 10
acquire much authentic information regarding this
proposed shutdown. but yet IL docs NOT seem 10
hdve made matcrla progress toward nhihS shaP;' -
far be asccraincd, tic initiative appears 20
have been among the owners OF McD"ham Terri
tory, who are beginning to be anx0nS i;r ihe & pTa5r &
on OF their lands Tie magnitude oi lhls pool 'ih ,
the ,'y Of hc pr dncon nre elfe" Of hgh.r v
values that might through general snut uowh.
These men are seeking to apply rtrry Wien isy
the drilling In this great whtc'and poor WIZ. IN, Inc
profile properly, has been lcSpon-iDc 10y tht & M =.
accumulation OF stocks above er0ihd IN thc laSt 49, ~
Ing steadily more uniavoahlc to- America Pc M ,hn
commerce. IL Is probably known t. ODscTNrI,1 III t"o
field that when the Mcdonald ircshct eot WEI on %' Sy
the standard which left undeveloTci thr0nsh
II We assume that the Mcdonald producers are hoE D. ~
secure the coopcraiion on large scale 81 the lro
duccr,' Protective Association aud the prIdu'inG con-
TONED whether the situation can ne materially lnl-
proved. The great hnndicap to IN advance III
value, Is the extraordinary activity Of Ruas,nn
competition The immense oycrproducllon n we
lIakn nckls supplies the Russian r"llncrS with thc
crude article ut nominal cost and enable tneh 10 & lS
the manufactured article in the mnrhctS ol @ ASln aug
thc Nmcrican rcGncrS Prices for American crude
may not riee TO n point which would lessen the ability
hcy do So The ic,"6ncd exports would instantly react
upon the demand and the same c"iiditionN "ohlu pr
ability 10 compete with Ru,sa. The situation Is one
which woud aimc,t seem to defy present solution, but
II might bc rash to deny that some amch0fltIOh were
possible from reduced home production. anil. ,,o
For the first thrrc weeks of thS month ony tie M
pp line rn over he deliveries. II the same daily
average J., preserved 10 the end, april may no; lep9rt
barrels 1t is interesting note tie steady growth o
the Of ohio oil a.; rpesentcd u the excess oi h Ge
Two grades Of oil combined the three weeks I'm April
would indicate net excess OF deliveries over runs Of
The Pennsylvania pipe lines show in April daily
OF runs Of 1905 barrel, aealnIi full d.iIy
1000 barrels in April 1891; 73,I2j barrels in l79o
ard 547s7 barrels in, April, l772 rh9 deiyerlc,
day in Mash: 7l.-ss barrels in Npril i-oi 782G5
barrels IN io9o. ard 7t;3i bareIs in M is7: .,, THE ne
elusive were IS follows:
ro,. sDl. 5@sos H9os P@ycG 5lss oss !%f !?':
I6s BTstcyg rlpc Line reports IRON ApfI to u, IN
elusive. follows:
;.,. se :., : n! Tasia ;!a
with he opening q last wee's crqd maIl.e @nGer der
@ hun lrS@ aSPT % c4~a f. 9 e4hfeG and Er pae su
dnfted down until the end. which wa. ACTUALLY cent
below the close Of the previous saturday. There wa
fur' her talk OF q shutdown hnt the output of III
McIjonnld continued show wide fluctuations. still
Keeping even the lowest. close to high figures oi
Production At the stock Exchange certihcat.r Wcr'
almost wholly neglected. The markets closed heavy
and devoid of animation.
The rnngc uf prices and the total dealings In M
iiOnnl Transit certificates ~ tn stock ENcla0g" ana
the Consolidated stock and Petroleum ENcharg' D
the last two weeks follows:
sock ENchaug'. Consolidated.
Week ended April 10 April 3. April Is. April %
2}S1.os II,Sns ............. g S. 81. 81
Lowest 81 -
Final .c ''~'t I'- - >
Sales. harrfis 2I0OO fCcp III oOV loi oUl
Refined petroleum was dull and unchanged at go
cent, per gallon I'm barrels and 500 cents IN bulk In
New York and G.oj cents and 30 cents In Pha-
d"lpln and baltimore The price fDr case oil wa
reduced h 90 cent, per gallon. Crude steady a.
54o cents IN barrels aud 100 ocnts per gallon In bulk
Washington cride hclng cent, per gallon. Napltha
was unchanged at cents per gall N.
In the foreign market prices were steady AZ Antwerp
al IL fnncs per 100 kilO- aud 81 London at n"nc'
per Imperial gallon bat reduced 10 points at
irrmcn n 800 marks per 80 kilos.