Sistersville daily oil review. [volume] (Sistersville, W. Va.) 1902-1905, 1904-07-18
JUNE PETROL
LEUM EXPORTS

The exports of petroleum and
it's products during June were
very large and have been exceed
ed by but one other month dur
ing the past year. Reduction in
prices has been followed by in
creased demand from abroad. The
fiscal year is ahead of 1903, both
in amount and value; but behind
1902 and 1901 in amount only.
There was a big drop in the
amount of petroleum shipped
abroad in May, and a correspond
ing reduction in the value. The
May exports, while in excess Of
those of March, were below those
of any other month since March,
1903. April showed the heaviest
exports of petroleum and it's prod
ucts of any month since October,
1902, and the value was greater
than for any month since last
November. In November nearly
10000 less gallons were shipped
abroad. but owing to the higher
prices that prevailed the smaller
amount brought a larger price.
Exports of petroleum and it's pro-
duets during March were behind
both in amount and value of the
February record. but made a de-
cided gain over the corresponding
month of last year.
The refined market, which was
quoted at $50 cents per gallon for
IA degrees Abel test in barrels
and $50 cents in bulk at the be-
ginning Of 1908. was marked up to
$50 cents in May. Values contin-
ued OF advance until the $50 cent
point was reached in November,
but in December there was a cut
of 40 points, and the old year
closed with barreled oil at go
cents per gallon. Since the first
of the year the trend of prices has
been downward. On February II
Of the current year, there was a
cut of Is points, followed later by
another Of 10 points, and the
month closed at 1856 for barreled
and 5.95 for bulk oil. Prices were
again reduced in March and a cut
of 35 points followed in April. A
drop of 20 points in June made the
quotation at the close of the
month 1875 cents per gallon for oil
in barrels and sos cents for oil in
bulk. For June a year ago the
average price was S.55 cents per
gallon.
Exports of Texas oil from Gal
weston appeared for the first time
as 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 2,29S,357
gallons Of crude oil. 4,711,964
gallons Of illuminating. 30,563 Of
lubricating and 5.S59,425 gallons
of residium. the value Of which
amounted to $52O.626. Exports
from Galveston for June were
composed of 3.1S1.617 gallons of
crude oil and 81 gallons of lubri-
eating. For the twelve months
ending with June, 1904, the ex-
ports from Galveston were &c.
739.359 gallons and were valued
at $1.55S.93S.
; According to the report Of the
Bureau of Statistics. the total ex-
ports of mineral oils for June
amounted to S6,946,51S gallons
and were valued at $7.027, 264.
This was a gain over May of IT,
52s.151 gallons in amount and
$1.557.S44 in value. Compared
with June. 1908. there was an in
crease of 14.S24.423 gallons in
amount and $1,63s.5S0 in value.
The petroleum exports for June.
1903. amounted to 72,022,095 gal
Ions and were valued at $685.