The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1900-01-20

The pipe line report for the month OF
December. just issued. presents food
for thought and will be read not only
by the producing element with interest,
but by every one engaged in the various
branches of the great industry. The
report shows that the exports Of petro-
ieum and its different products are be-
low those for the past ten months, yet
they are above the shipments for De-
cember in the year 1888. In this con-
nectlon particular attention is directed
to the increase In cash returns, and
while we have shipped considerable
less oils, the amount received for 1t
shows a remarkably large percentage in
gain. The year 1899, compared with
1888, indicates by the official figures
that there were over 35,0OO,0OO gallons
less oil sent abroad in the year Just
closed than in 1898, but on the other
hand over Sl2.000.OO0 more was received
for 1t. Export oil commands two and
a half cents more at the present time
than It did at this time in December,
1885. At this writing the prevailing
price for export oil delivered in bulk
on board tank steamers at the port OF
New York, is 7.40 cents per gallon. the
highest quotations that have ruled for
some time.
Upon the basis Of the refined market,
crude should bring a much higher price
and Just why the crude market does not
keep pace with the refined product is a
question the producers fail to under
stand. They fully realize that ut this
period Of the year, refined and bi-pro-
ducts are not in great demand. yet
they think when refined commands the
present high price II does, there Is no
logical reason why the producers should
not share In the advance. They can
find no bearish conditions iE the field
situation and unhesitatingly affirm that
II equity was melted out they would be
receiving at least 81 barrel for their
product. a comparison with past re-
ports OF the various pipe lines show
that the exports for the entire year OF
1899 were less than they have been since
1856, while at the same time the cash
returns Were greater than any previous
year. In 1899, according to the reports,
the month OF August showed the larg-
est shipments in the petroleum export
trade in the history Of the trade. And
this was not only true In the number
OF gallons exported. but also In valun-
ton and established a record not likely
to soon be broken. The amount ship
ped in September was considerably be-
low the figures for August, footing up
about seven and half million gallons,
but owing to the great demand and
buoyant market, the amount In valua-
ton was in the neighborhood Of half
million dollars greater. This was GER
tainly a banner month, as a careful
comparison Of past reports show that
September was the first time in the
history Of the trade that American eX-
port shipments OF oil amounted to
more than seven million dollars in one
month. AS compared with September
the shipments in the month Of October
were more than nine and one-hah nil
| lion Eallons In amount and nearly six
hundred thousand dollars less in valu-
ation, but nevertheless, was quite n
good record in every particular. So did
| the November report show falling on
/ with October and the record was over
| 1000, 900 gallons In amount and nearly
$4,000 in valuation. The shipments in
December show n decided falling of of
more than seventeen million gallons, as
compared with the previous month, the
decline in cash returns being over ST.
100000. In December. 1893, there vas
an Increase OF almost 10000 gallons and
more than 81, 100000 in money received
for 1t above the record for December
| 1898. When the record OF November,
! 1899, is compared with that Of the same
! month in 1898, a gain is shown Of near
| ly 1000 900 in value and almost 100000
| gallons IN amount.
The month October recorded yet a
| larger increase, both in amount and
value as compared with the same
month In 1893. For the month OF Sep
TENDER, the total exports OF mineral oil
products were between four and FIVE
million gallons more than in Septem-
Der, 1895, while the increase in value
was over two and one-quarter million
dollars. In the month OF August the
shipments of American oils were al
most three million gallons more than
| they were for the month OF August the
year previous, while the increase IN val
uatlon footed up over $i,5OO,0OO. In
July the shipments OF export oils fell
OF from those In July, 1898, by more
than 5000. 900 gallons. but in valuation
the gain was a net million and half In
! cash returns II is shown by the Uni
ted States treasury departments sta
tIstical reports that the exports Of min
eral oils for the month Of December,
which embraces crude, illuminating. lu-
bricating oils, etc, amounted to 6599l'-
| o7S gallons, and In valuation footed up
| q. I76.O2I, For December, 1899, they
amounted to 65,s70.0i9 gallons, bringing
a. net cash return OF &4,194257, which Is
an increase Of l21 ,02i gallons and In
valuation Si.2St.77O. The December ex-
ports decreased, as compared with NO
vember. l7.5S7,679 gailons, and in Vatna-
tlon Sl,ljs,226.
Al the close Of December, 1899, the re-
norris show that our total exports or
crude. naphthas. Illuminating and lu-
| bricnting oil, Tesidum, etc, for the
| twelve months, amounted to S5l.024itl
| gallons. and in valuation, S64,9S2, 249,
This Ia about 35.50O,0OO gallons less than
! the preceding twelve months, but the
valuation on cash returns Is $l2,45l,2Ol
| greater and the heaviest for any pre-
| cedIng year In the history of the petro-
| Ieum industry. Thus It will be observ-
ed by the foregoing reports that the
appreciation in values has more than
made good the falling OF In the Foreign
demand for American oil.
In the year 1893, the total exports oil
pctroleum and its bi-products were
! sSg. Is0.6iO gallons. upon which was
placed n valuation S52,55l,04s. For the
\ vear 1897. they were s94.291I5I gallons
valued nj S5s.05T "a. For 1896 the eN-
pOrts footed up 93i,7S5,o22 gallons IN