Sistersville daily oil review. [volume] (Sistersville, W. Va.) 1902-1905, 1904-07-13
PIPE LINE RE-
PORTS FOR JUNE

"A gam In the pipe Hne runs oI
Pennsylvania oil in June was ac-
companied by a heavy decline in
the shipments and another in
crease in the pipe line stocks.
For several months past the de-
mand for high grade oils has
been less than the supply, and the
surplus stocks have been increas-
ing. In May the gain was at the
rate Of over 1000 barrels, while
in June the increase amounted to
nearly $1,000 barrels day. The
runs for June were the heaviest
of any month since June a year
ago. The shipments for the first
half of the current year are from
5000 to $4,000 barrels a day less
than for the corresponding period
in 1903. The Lima oil runs in
Jnue were the heaviest on record
since September, 1896.
The April runs of Pennsylvania
oil were below those of March,
while the shipments continued
about $4,000 barrels a day less
than the supply, and heavy gain
in the stocks was the consequence.
The increase was not as large as
that of March, but marked the
beginning Of the extraordinary
change which has occurred in the
conditions of supply and demand.
In the Lima oil fields there was a
small increase in the runs, ac-
companied by a decrease in the
shipments, while the stocks de-
clined at the rate Of 1000 barrels
a day. Every month since Febru-
airy Of the present year has wit
messed continued increase in the
pipe line stocks, and the gain for
June was the greatest Of all.
The increase in the net stocks
during June amounted to 625, 232
barrels, which was composed of
460,227 barrels Pennsylvania and
1880 barrels Of Lima oil. There
was an increase of 220,419 barrels
in the net stocks during May.
Of this amount 1882 barrels
was credited to the Pennsylvania
and II, 467 barrels to the Lima
oil regions. The net increase in
the stocks above ground during
April was 337,913 barrels. For
this amount the Pennsylvania dis
tricts alone were responsible.
There was gain of 395,S16 bar
rels in the pipe line stocks during
March. The increase was entire
ly from the Pennsylvania sec
lions, which recorded a gain OF
535,O22 barrels, while the Lima
stocks suffered drop of 1926
barrels. The reduction in the pipe
line stocks in February was 49,
Al barrels, while the total decline
amounted to 622,321 barrels in
January. During the first half
of the year the Pennsylvania
stocks have made a gain OF l.
2S1,O33 barrels, and the Buckeye
stocks have suffered a decline OF
797,47S barrels.
At the close of 1902, the stocks
of Pennsylvania oil were $685.
,127 barrels and the Buckeye
stocks were 1906 1926, or total
of 23,OO5,553 barrels. The Penn
svlvania stocks were reduced g.
721,294 barrels and the Buckeye
453,SSO barrels during 1912,
which was an aggregate reduc-
ton of 4,175, ia barrels, and the
heaviest loss since the termination
of the shutdown movement IN
1897. During 1903 there was a
decline in the net stocks OF 81
obj barrels. On June 30, 1904,
the Pennsylvania stocks amount
ed to 6,1O4,292 and the Buckeye
to 14,341,159 barrels. During
the first six months of the cur
rent year the stocks of the two
great divisions of the producing
region have been increased 1885,
615 barrels.
The average daily runs of Penn
sylvania oil for June were S7,2S2
barrels, or 1879 barrels more
than the average for May, and
the largest since June a year ago.
The pipe line runs averaged s5,6o3
barrels day in May, which was
-, &c 1 ZOO harralS over the