The Florence daily tribune., 1902-07-01
HOT DAY. GOOD BOOK NICE HAMMOCK DAY COMPLETE

barrels, or II per cent, and the in
crease in 1899 over 1898 was 3 per GER
or an average gain of ~ per cent fol
the last three years. As compared
with the value of the total production
of 1900, 68, $50, 500 barrels, valued a,
s75, 9ss. 3l3. the total production OF
1901, SO, 3s9, i4a barrels, valued a,
$66, All, 1886, shows decline of 30. .571.
9s'. In the order Of production Ohio
comes first, with over 81, 600, 600 OF
barrels; West Virginia second, witt
over 1900, GOO of barrels; Pennsyl.
vania third with over IL, 600, 900 of
barrels; California fourth, with over
5000, 900 of barrels; Indiana fifth,
with over 5000, COO of barrels; Texas
sixth, with over 4, COO, 600 of barrels,
loss i'll production, as compared witt
1900, for Ohio, West Virginia and
Pennsylvania and gain of nearly
four and half millions of barrels for
California; of little over three and
half millions of barrels for Texas,
and of nearly nine hundred Thousand
barrels for Indiana. This production
for 1901, by fields, was in round mum
bers for the Appalachian field 33, 800,
600 barrels, the Lima Indiana field
2l ,900, 600 barrels; the Southern Cali
fornia field s, 800, 600 barrels, and for
the Texas field A. 400, 600 barrels.
The quality Of the petroleum pro-
duced from these new sections is gen
orally much inferior to that produced
in the old fields, but the greater part
of it is valuable as fuel in its natur-
al state, or after some of the more
volatile products have been removed,
and is particularly acceptable as fuel
in the absence of available coal depos-
| its in the southwest and west. In 1901
the Appalachian field produced 49, As
per cent of the total output, the Lima
Indiana field 81. 81 per cent, and all
other fields 10. "a per cent, as compar-
ed respectively with 81. . per cent, and
8.61 per cent in 1900. The new fields
of California, Colorado, Kansas, Wy
Ol1luR anu ltAdS, IL lS ODStI Ntt, IIO-
duced practically 20 per cent of the
total production of 1901, gain of
| H. A in percentage over 1900, with pro-
| bability that the southwest and west
will produce 80 per cent of the total
output in 1902.
| Tie average price paid for all the
petroleum marketed in the United
States during 1901 was 95. Z cents per
barrel, as compared with 81, ,194 in
1900, showing a decrease of 1871 cents
per barrel or 20 per cent, the lowest
price since 1898. The gross decrease
in value for 1901, as compared with
1900, was nearly l3 per cent, notwith-
standing that the quantity increased
for the same period little over 8 per
cent. The average price paid for
| Pennsylvania petroleum, which re-
presents 4S.5 per cent of the total pro-
duction, was 81. .2l per barrel in 1901 i.
as compared with 81 per cent produced
in 1900 and marketed at an average
price of 81. 1856 per barrel, decline
of IA 6 cents per barrel, or IL per cent
There was decline of 37.7 cents
per barrel in the average price paid
for California petroleum, and decline
of 76 cents per barrel for the Texas
product in 1901, as compared with
5000 decline accounted for by the
increased production of the new fields
4 1aun1nnaA in, lnth tb.ea ,tn
The total number of wells complet-
ed in 1901 in the United States in the
search for petroleum approximates
IA, 250 of which 3, 220 are estimated
to be dry. The cost of these IA, $50
wells is estimated at $2l, ,375, 900 ap-
proximately one third of the receipts
for the entire crude product.
In 1901, for the first time in the
history of the trade, the total number
of gallons of petroleum and its deriva-
tives exported exceeded 1000, 900. 900,
the number of gallons being l, ,062, 100, :
306, gain of per cent over the ex-
ports of 1900. The values of these ex
ports in 1901 was $7l, ,479, 124, as COM
pared with a value of S73, ,276, 2S2
in 1900. The total exports of manu-
factured petroleum from Russia in
1901 was 800, 920, 095 gallons, about
36.s per cent of the exports from the
United States.
The average price received for all
the various grades of petroleum ex-
ported from the United States in 1901
was 673 cents per gallon, as compared
with 7.52 cents per gallon received in
1900 and with g.. S3 cents per gallon in
1899 The developments of the oil
pools at and near Beaumont, Texas,
and in the section surrounding Bakers
field, California, and the develop
ments at Boulder, Colorado, have
been the chief causes of the orgapiza-
tion of l,57S oil stock companies with
,t..l, II 4