Sistersville daily oil review. [volume] (Sistersville, W. Va.) 1902-1905, 1903-08-17
July Petroleum Export.

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current year, and Its value was
likewise greater. At the same time
the amount was slightly smaller
and the valuation over 5000, 900
more than In July last year: The
increase In the foreign demand was
somwhat of a surprise and has been
gained without any decrease In the
price of refined oil.
May was behind April In both
the amount and value of petroleum
exported from the United States,
but was far ahead OF the records
made by January, February and
March. May was also behind In
amount and value of the oil ship
ments abroad in May year ago.
The general tendency of higher
prices for export oil is to check the
foreign demand. During every
month save one, between April 1901
and December, 1902, Our exports
of petroleum exceeded 10000, 900
gallons. For every month of the
curren: year except July, they have
fallen below that amount.
The refined market, which was
quoted at $50 cents per gallon for
IA degrees Abel test In barrels, and
60 cents In bulk at the beginning
of the year, was reduced 10 points
on January 22 and advanced IS
points on March Fl The present
quotation Is SIS cents for oil In
barrels and sos cents for oil In
bulk. The difference per gallon
between bulk and barreled oil has
been advanced from 40 to 100
cents per gallon, on account OF the
increased cost of cooperage. Re-
fned oil In bulk averaged 4.64 cents
a gallon In July, 1903
Exports from Galveston for the
first time appeared as a conspicu-
Gus feature In the monthly state
ment of the Treasury Department
early In 1902. The total exports
from Galveston for 1902, which
must include all the foreign ship
ments of the Beaumont oil district
were 26 656'S65 gallons and valued
at $241,64 In the first month of
the current year nothing In the
way of export oil was reported
from Texas In February the ex-
ports from Galveston were 2,2G4,
e53 gallons of crude oil, valued at
SI1,75o. This was a little over
one half a cent per gallon. In
March no exports of oil to foreign
ports was reported at Galveston,
while for March a year ago they
were reported at 366,537 gallons.
For April 1,353.S62 gallons of illu-
minating oil were shipped from
Galveston custom district. The
exports from Galveston for May,
1898, were $4,000 gallons valued
$500 while for June no oil was
shipped to foreign ports. In July
the exports from Galveston were as
follows: Crude, $4,000 gallons,
valued at $5,o14; lubricating oil,
2e,99S gallons, valued at S. sal;
residum, 2,2S1, 536 gallons, >aiu,d
at $6S,525. The total was 1854 =
25S gallons, valued at $1,000.
This indicates a considerable In,
crease In the price of the products
manufactured from Texas oil, the
average value of which was nearly
three cents gallon.
The exports of petroleum and Its
products from all Eastern ports fol-
July amounted to S5,o37,7o5 gallons
and were valued at 5000 1868
This was gain over June of 49,
o25,6oS gallons In amount and
$sSt, 2S4 In value. The totals show
a decrease In amount of 565.Soe
gallons from July, 1902, accom-
panied by an increase of $641,1o4
In value. The exports for July a
year ago were IS 6o3 5I2 gallons,
valued at S5551,564.
The June exports of petroleum,
as reported by o. P. Austin, chief
of the Bureau of Statistics, were
72,o12,oe5 gallons and valued al
$5,2o8, 6S4. This reveals decline
from the May record of 3,54o,66I
gallons In amount and $571,731 In
value. Compared with June, 1902.
there was loss of 23,oo8,917 gal
Ions In amount and $500, oo7 In
value. The exports tor June a
year ago amounted to o6,o11,o12
gallons and were valued at $780,
6e1.