Sistersville daily oil review. [volume] (Sistersville, W. Va.) 1902-1905, 1904-10-18
SEPTEMBER PETRO-
LEUM EXPORTS


both the amount and value of our
refined oils and other oil products
shipped abroad. There was also
an increase in both respects over
the record of the corresponding
month in 1903. The gain in
amount, compared with August,
was over 100000 gallons, while
the increase in valuation about
$6SO,OOO.
The August exports, while
much greater than those of Au-
gust, 1903, were behind July in
both amount and value. The de-
crease in amount was over r.
100000 gallons and in value about
$500,0O0. The exports for July
were the largest of any month
since April, but in valuation they
exceeded June by only a small
MARIN, and were behind the
April valuation by over $3.50, 900.
May revealed a heavy decline in
the amount of her petroleum ex-
ports, and there was considera-
BILE reduction in the valuation.
April showed the heaviest eX-
ports of petroleum and its pro-
duets of any month since Octo-
Der, 1902, and the value was
greater than for any month since
last November.
The refined market, which
reached the $50 cent point for Il
degree Abel test in November,
1903, has shown declining ten
dency since the first of the year.
Opening at $40 cents per gallon
in January, there was a cut of 10
points on February II, followed
later by another of 10 points, and
the month closed at 8.S5 for bar
relied and 5.95 for bulk oil. Prices
were again reduced in March and
cut of 35 points followed in
April. A drop Of 20 points in
June. followed by cut of %
points in July, made the quotation
at the close of the month ITO
cents per gallon for oil in barrels
and 4.SO cents for oil in bulk.
These continued the ruling fig
rlres for August until the very last
day of the month, when the price
was advanced to 1856 cents per
gallon. Another advance of 10
points was recorded on September
%. which made refined in barrels
7.95 and in bulk sos cents a gal
lon. For September a year ago,
the average price was 9.57 cents
per gallon.
Exports of Texas oil from Gal
weston appeared for the first time
as a conspicuous feature in the
monthly statement of the Bureau
of Statistics early in 1902, and
the foreign shipments for the year
amounted to 26,666,S75 gallons,
and were valued at $241 $40. The
exports of Galveston for the year
1903 were composed Of 1928, 357
gallons of crude oil, ALL, 1854 gall
Ions Of Illuminating, 30,563 gallons
Of iubricating and $685. 25 gal
Ions of residium, the value of
which amounted to $520,626. Ex-
ports from Galveston for Septem-
Der were composed of 359, 562 gal
Ions Of crude oil, valued at ST.
81. For the nine months ending
with September, 1904, the exports
from Galveston were 33,117, JAP
gallons and were valued at ii $751;
al.
O. P. Austin, chief of the Bur-
eau of Statistics at Washington,
reports that the total of mineral
oils exported from Eastern ports
of the United States for Septem-
Der amounted to SS,505,02O gal
Ions and was valued at 81 ,260,505
This was gain over August of
$685. 6S gallons in amount and
$679.613 in value. In contrast
with September, 1903, these fig
ures show an increase of 2,979,-
500 gallons in amount and $751;
O29 in value. The exports for Sep
TENDER last year amounted to S5,>
o20,511 gallons and were valued
at $6,379,476.
According to the report of the
Bureau of Statistics at Washing
ton, the total exports of mineral
oils from eastern Atlantic ports