Sistersville daily oil review. [volume] (Sistersville, W. Va.) 1902-1905, 1903-09-16
August Petroleum Exports.

trade, but the record for the recen.
tly closed month Is not only below
that of July but falls short of the fig
ures of any previous August during
the past four years. The valuation,
100 shows a large decrease from
that of July, although ahead of last
August by over 100000 There
have been no changes In the domes'
tic or foreign markets OF refined
during the month, but the tendency
of higher prices always has de-
pressing influence upon the Euro
pean consumption. More oil was
exported abroad In July than dur.
Ing any month of the current year,
and It's value was likewise greater.
At the same time the amount was
slightly smaller and the valuation
over 100000 more than in July
last year. The increase In the
foreign demand was somewhat of a
surprise and was gained without
any decrease In the price of refined
oil. June was behind May 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. During every month save
one, between April, 1901, and De-
cember, 1902, our exports of petro.
leum exceeded 5000, 900 gallons.
Fer every month of the current
year except July, they have fallen
below that amount.
The refined market, which was
quoted at 8 80 cents per gallon for
"a Abel test in barrels,and 500 cents
in bulk atthe 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 differ
ence per gallon between bulk and
barreled oil has been advanced
from 2 10 to 90 cents per gallon,
on account of the increased cost of
cooperage. Refined oil In bulk
averaged $50 cents gallon In
August, 1902.
Exports of Texas oil from Gal.
vestion appeared for the first time
as a CONSPICUOUS feature In the
monthly statement OF the Bureau
of Statistics early In 1892 and the
foreign shipments for the year
amounted to rs $685. gallons and
were valued at $241,649. The
exports for the present year have
oeeo very irregular. No foreign
oil shipments were reported from
Galveston during January, March
or June. For April, 1,oS2,11S gal
Ions of crude and 1,353,862 gallons
of Illuminating oil were shipped
from the Galveston custom district.
The exports from Galveston for
May, 1893, were $4,000 gallons
valued at Sc, 900, while for July the
exports from Galveston were as
follows: Crude, 342,eo4 gallons
valued at $,o14; lubricatiug oil,
20, e9S gallons valued at $3,52I;
residuum, 2, 1881, $50 gallons, valued
at S68,515. The total was 2,654,25S
gallons, valued at $1,000. The
exports consisted only Of
81 gallons of crude, valued at $500
II was probably sent abroad solely
for experimental purposes.
According to the figures of Mr.. O.
P Austin, the chief OF the Bureau
of Statistics, the total exports CT
mineral oils for August were 77,-
67e,4eo gallons, valued at S5745,-I
eo2. This represented decrease
from the July figures of 735S,49o
gallons In amount and S447,o66 In
value. Compared with august
year ago, there was less OF TO-
426, 23o gallons In amount and a
gain Of $s62,4o6 In value. The
exports Tor August, 1908, were
SO, los 443 gallons, valued at S.
3S3,4s6.
The exports of petroleum and
Its products from all Eastern ports
tor July amounted to S5,o37,7o3
gallons and were valued at Sc. 1872
e6S. This was gain over June of
13,o25,6os gallons In amount and
$oS4,2S4 In value. The totals
show a decrease In amount of $685.
500 gallons from July, 1922, &C.
com panied by an increase OF $64I,
1o4 In value.
The June exports of petroleum,
as reported by 0. P, Austin, chief