Sistersville daily oil review. [volume] (Sistersville, W. Va.) 1902-1905, 1902-10-16


petroleum exported abroad from
the country during September. but
the threatened shortage of the sup
ply of anthracite coal presages an
enormous increase In the home de-
mand. With the single exception
of February, the September ex-
ports were the smallest of any
month of the current year. Sep
TENDER Is behind the record of last
year by over twenty 1illion gal
Ions. which goes to indicate that
the efforts OF the Russian and Ger
man traders to discriminate against
American oil have had some effect
Or Ii may be that the Increased de-
mand at home and the decline In
the production of crude are max
ing us more and more independent
OF the foreign demand.
August. generally one OF the
heaviest months of the year In re
spect to D troleum exports, was BE-
hind the Tune record, and, while
slightly ahead of July In quantity,
revealed deciued decrease In
|'valce. The exports of petroleum
for June were much larger than
those OF May, although accompan
led by loss In value. June also
was ahead both In amount and
value of petroleum exported over
the corresponding month OF last
year. More oil was exported In
June than during any other mNnth
OF the current year, bat JaCuar,
holds the record as to valuation.
The refut d market, which ruled
steadily the first three months OF
the year at 40 cents per gallon for
ia Abel test, was advanced 20
points on April "A The quotation
remained steadily at 80 cents all
through May, June and the greater
part OF July. On July 20, the fig
ures were cut 20 points, which
brought them back to the quotation
p evailing early In the year. The
average selling price for export oil
in bull during the first three
months of 1901 was about 5 80
cents per gallon, while for the first
three months of the current year
quotations remained steady at q -
cents per gallon. The average
price for April was 4 81 cents, for
May and June a 90 cents, for July
q 81 cents and tor August and Sep
temDer q 70 cents. The average
for September, 1921, was five cent
per gallon. Y
Exports from Galveston for the
first time appeared as conspicu
Gus feature In the monthly state
ment of the treasury department
for April. The figures, as pub
lished for April, were: Crude,l 4o7,
883 gallons; residuum 1,434 78o
gallons and the total value was
given as $66.256 The May ship
ments consisted of 100000 gallons
of crude and were valued at $4,000.
The June shipments we've composed
2, ago. s8 gallons of residuum (fuel
oily valued at $3.50. The July
shipments from Galveston amount
ed to 2,8a34a3 eallos and were
valued at $I2,335. The August
exports of Texas oil were 37I,o7o
gallons of crude valued at Sc, 800.
S37 goo gallons of crude valued at
$1,000 and 77S $50 gallons of resi-
dunn valued at $1,000. The total
was 1887 .o2o gallons which
brought little over one cent gal
Ions. For September, the exports
from Galveston were 1884 853 gal
Ions of crude and 6o8,I22 gallons of
residuum; the total valuation was
$500, which was less than seven
tenths of cent gallon.
Ia September the total exports
of petroleum and Its products re
ported by the treasury department
were So.826. oo3 gallons valued at
$4,8t2,684. This was decline
from August of 7,27o,344 gallons
in aaount and Ss7o.5I2 10 value.
In Comparison with September
year ago. there was a decline of
20, 500. 100 gallons In amount and
$685. 500 In value The exports
for September, 1921, were IoI 400.
SOS gallons valued at So. 6o6. 583
and were the heaviest OF the year
The August report by Mr.. o. P.
Austin, chief of the Bureau of Sta
tistios of the treasury department
showed that the exports of minersl