West Virginia daily oil review. [volume] (Sistersville, W. Va.) 1894-1902, 1902-02-14

vania oil showed about the same
relative conditions Ia January as
during December, while the reduc-
ton of the net stocks was smaller
by over 100000 barrels. Lima
runs and shipments both made
heavy gains In January, but the
production Is still In advance OF
consumption and there was a gain
in the stocks of over a quarter OF a
million barrels. This amount, how
ever, was insufficient to overcome
the decline In the stocks of Penn
sylvania oil. and the total deere ase
for both sections was over two
hundred thousand barrels. The
runs of Pennsylvania oil for Janu-
ary were the smallest on record
since February, 1899. The ship
ments averaged lower than during
any month since last June.
There was another drop In the
the pipe line runs of Pennsylvania
oil during the last month of the old
year, and the daily average touch
Ing a very low point. The Lima
pipe line runs also declined, while
the shipments of Pennsylvania oil
decreased and those of Lima oil In
creased. Pennsylvania oil stocks
were dec. eased very heavily, which
the gain In Lima was not sufficient
to overcome and the total stocks at
the close of December were the
smallest of the year.
While there was only a small de.
cline In the demand for Pennsyl-
vania oil during November, the
runs showed heavy decrease, and
the net stocks suffered another re-
duction, amounting to over 600, 900
barrels, or more than 10000 barrels
a day. On the other hand, the runs
of Lima oil were nearly 5000 bar.
rels day In excess of the demand,
and the Buckeye stocks registered
an increase of over 2oo,ooo barrels.
This condition of affairs has pre-
vailed, with the exceptions, during
the past year, the Pennsylvania
stocks declining, while the Buck
eye stocks have been on the In
crease.
Since December 81, 1900, the
Pennsylvania stocks have decreased
,2oo. o1o barrels while the stocks
of Lima oil have made a gain of s.
o2I.4 7 barrels. The aggregate
loss in stocks for the year 1921
was but go oI8 barrels, which was
much smaller than has been pre-
dicted by those inclined to take q
pessimistic view of the petroleum
situation.
The January runs of Pennsylva
MIA oil averaged 82.554 barrels q
day which was only 243 barrels a
day less than the average for De-
cember. The runs averaged 81 ,7o7
barrels in December, which was
1900 barrels a day below the No
vember average and the smallest
recorded during the past year. The
average daily runs of Pennsylvania
oil for November were 83,oe7 bar
rels. Compared With DC ODER, there
was a decrease of of q .8S4 barrel:
per day.
The total pipe lire runs of Penn
sIlvania oil during the year 1906
were 35.4S9.55e barrels, daily. av
erage of e7,23r barrels. The rpm:
for 1921 amounted to 100000;
barrels. or an average per day O
oo,2Io barrels. The January run.
show falling of of 1865 barrels q
day from the average of the pre-
vious year. The pipe line runs fol
January, 1921, averaged 96.676 bar
iels day.
The Pennsylvania oil shipment.
averaged e7,IeS barrels a day In
January or 446 barrels, less thar
the average for December. The
shipments In December were 81
ga barrels a day, which was d fall
ling off Of 6,333 barrels q day from
the November record. Daring
November the Pennsylvania ship
ments averaged lo3,877 barrels 1
day, or only 7SS 'barreis below th.
record for October. The daily av
eiage for October was Io4.665 ba4
rels. which was 2,I3s barrels q day
lgreater than the September aver
age. The shipments of Peunsyiva
mia oil for 1900 amounted TO IS.
/ 3s7 aga barrels. O daily average o
o6 So barrels The total shipment.
tor tine year 1901 were 36.424 4st
harra1S d1t1v oueraoe 0f 90 ~.