The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1900-02-19

The pipe line report for f1f Inonth Oh
ysnuary is the most ihtere ing docu-
nent Of It's kind published " long
lime. 1t shows altogether . different
state Of anairs than has existed for.
many months; In fact. a complete revi-
ssl Of the situation as to the runs, ship
ments and stocks Of the Two grades OF
oil. The review Of the hgures will be
read with more than ordinary interest
and the reader Is left to draw his own
conclusions as to the cause Of the radical
change. That the first month OF 1900
closed With an unlocked for change Wih
be found in the figures OF the various
pipe iines handling PeunsytvS1lta S ~
Trenton rock Gil. For the past NY
months the stocks Of Pennsyly,HFlIt IN vi
nave shown an increase, ana tne 1I p,,,
stock a corresponding oecr!ea ~ 1,s,'Se
January's report shows thai the PENN
6yIvania. stocks were decreased, ana the
lima stocks Increased, thing that mas
moi Occurred before IN the past Two
veara The report shows that the runs
made a decided gain IN january, az
SOmpared with the runs OF DecempeI'
hit while the shipments OF Pennsyl-
ysnia oil were largely increased the
shipments Of Lima oil showed u mater
iai decrease In January the snip-
Tments Of Lima oil were the snlaii ats
known since the month OF August, 1852
while. ON the other hand the Pehnsyl-
yanla shipments were the largest Oh any ~
one month In the past twenty years. years.. ~
the month OF December the fennsyI-
wanna stocks were Increased 2,5VO par
rcls q day, while Linn stocks fell on
POD. 900 barrels. With the exception OF
january and September there was an
increase in the stocks OF Pennsylvania
oil during the year OF 1899. During me
month OF January the runs OF Pennsyl-
Vanla oil averaged gl.5ll barrels a cay
which is an Increase over those OF De-
cember of 3,2it barrels day. ANA nlso
again OF 1874 barrels DAY over tne
runs for January, 1899. In December
the runs were $3.50 barrels a day ana
An November 9S,5i6 barrels day. whlch
were the heaviest on record LOT tw9
yrars. During the year 1893 the total
nine line runs OF Pennsylvania oil foot
ed IN 29, 2O7, 45S barrels. which IS a daily
average OF SS.940 barrels, and a gain OF
3OI3 barrels day over the average
Of the preceding year, The shipments
Of Pennsylvania oil in January averaged
93leO barrels day, which was an in
erase OF 1894 barrels over the average
for December In the month Of jan
uary the stocks Of Pennsylvania OIL
were reduced 57,T60 barrels. while the
Lima stocks were increased lOO.lsS bar
relS, making a net gain for the month
Of 4,0i3 barrels, Al the close OF 1879
the stocks Of Pennsylvania oil were TO-
Tsg6ig barrels, and at the close OF 1893
they amounted to 11,541,75S barrels and
at the close OF December, 1893. they TOOL
Cd up lSl6J,sl9 barrels. This shows
the increase during the past year TO be
i,G22, 066 barrels, and a falling on In jan
uary OF $3.50 barrels left them in round
numbers t3,l04,O69 barrels In the Begin
ming OF the present month, Adding to-
Ecther the net Pennsylvania stocks and
the,net Lima stocks 1t is found the total
stocks are 3,f50179 barrels. the net
stocks Of Trenton rock oil at the close
Of THE year were l0,5lb,92I barrels. as
coh;parcd with .S92 barrels at the
close OF 1888 and 2. $50, I9S barrels at the
clesc OF 1887. The mel stocks OF Limo
oil on December 81. 1899, were the lowest
on record for the past ten years In
the month OF january the runs Of Lima
oil averaged 46,452 barrels day which
is a gain over December of 2,396 barrels
a day. and an increase of 3ll barrels
day over the runs for January one year
ago. The .ntal runs Of Lima oil for
1899 were 17,1sss0G barrels. which Is an
increase OF $500 barrels over the year
1898. The average shipments Of Lima
oil for the month Of January averaged
6,9s6 barrels a day The Buckeye ship
mcnts for the year 1899 amounted TO 81.
62s,5l7 barrels. which IL an average OF
69,259 barrels a day Taking both the
Pennsylvania and the Lima runs for
the month of January it IL found the
aggregate daily average runs were 49,
800 barrels, and the shipments 1876
barrels.
It will be seen by the foregoing figures
that Lima oil has been more in demand
than the Pennsylvania product, for the
reason. II is alleged, the exporter was
required to buy It mn account Of its
cheapness, and in order to compete with
the cheaper and inferior grade Of Rus
sian OIL The good condition of the
trade Is not only shown by the pipe line
figures. but also by the report for jan
uary Of our exports OF petroleum. Never
In the history of the great industry has
year opened with such favorable con-
dltons and the outlook so bright for the
future. The year 1899 was indeed a
most remarkable one, and while the
number Of gallons were less than those
OF the preceding year, and In fact since
1896, the amount Of cash returns were
the greatest in the history OF the trade.
reference 10 reports shows that there
has been no change In our foreign quo
tattons In export refined since Deem
Der. the market for bulk oil remaining
at 14Oc per gallon. which Is over 2isc
nbove the figure at the commencement
OF the year 1899. THE SCOUT.