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

There was a big decrease, Dotn
10 the amount and value, of the
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-
maud. With the single exception
of February, the September ex-
ports were the smallest Of any
month Of the current year. Sep
tember Is behind the record OF last
year by over twenty million 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 ruue record, and, while
slightly ahead OF July In quantity,
revealed a deciued decrease in
svalce. The exports of petroleum
for June were much larger than
those OF May, although accompan
led by a 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
Iune than during any other mOnth
of the current year, but January
holds the record as to valuation.
The refine d market, which ruled
steadily the first three months OF
the year at 40 cents per gallon tor
10 Abel test, was advanced 20
points on April "A The quotation
remained steadily at a 90 cents all
through May, June and the greater
part OF July. On July 20, the fig
ures were cut 70 points, which
brought them back to the quotation
D 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 10
cents per gallon. The average
price for April was 4 81 cents. for
May and June 4 90 cents, TOR July
d 81 cents and tor August and Sep
TEMPER q 10 cents. The average
for September, 1921, was five cent
per gallon. v
Exports from Galveston for the
first time appeared as conspicu
Gus feature In the monthly state
mept of the treasury department
for April. The figures, as pub
lished for April, were: crude, 497,
1889 gallons; residuum 1,434 7S9
gallons and the total value was
given as 500, 256 The May ship
ments consisted of 100000 gallons
of crude and were valued at $1,000.
The June shipments we've composed
2, 2eo,2 So gallons of residuum (fuel
oily valued at $3.50. The July
shipments from Galveston amount
ed to 2,Sa34a3 eallos and were
valued at $12,335. The August
exports of Texas oil were 37I,o7o
gallons of crude valued at $4,000,
837. 900 gallons of crude valued at
s., 900 and 77S $50 gallons of resi-
dunn valued at $1,000. The total
was 10000 gallons which
brought little over one cent gal
Ions. For September, the exports
from Galveston were 1884 8s3 gal
Ions of crude and 6o8,I22 gallons of
residuum; the total valuation was
$500, which was less than seven
tenths of a cent gallon.
In September the total exports
of petr oleum and Its products re
ported by the treasury department
were So.s26.oe, gallons valued at
$4,8t2,6S4. This was decline
from August of 7,27e,344 gallons
In anount and $57o,512 in value.
In Comparison with September a
year ago. there was decline of
20, $685. 100 gallons In amount and
S ,SS3 599 In value The exports
for September, 1901, were IoI 400.