Sistersville daily oil review. [volume] (Sistersville, W. Va.) 1902-1905, 1904-03-17
Pipe Line Re-
ports in February

ports I'LL ! COiuos J
There was decided gain In the
pipe line runs for February, as com
pared with January, but the ship
ments showed a decline. In the
Pennsylvania districts the ship
ments were slightly In excess OF
those In January, but the Lima oil
regions there was drop OF over
900 barrels a day. The demand
on the two fields, however, was
nearly 10000 barrels a day In ex.
cess of the production, and stocks
suffered another heavy decline, ap-
proximating a half million barrels
during the shortest month OF the
year. Pennsylvania stocks are just
about half what they were at this
time two years ago.
Weather conditions were decid.
eddy unfavorable for oil producers
In January, and both the runs and
shipments of Pennsylvania oil made
very low records. There was like.
wise heavy declire In the pipe
line stocks. In the Lima oil fields
the runs were the smallest since
February, 1901. The shipments,
however were we'll sustained and
the stocks suffered another reduc-
ton. During January the surplus
stocks In the Pennsylvania and
Lima oil fields declined at the rate
of 20, 1000 barrels a day. During
the last month of the old year, there
was an unlocked for gain In the
runs of Pennsylvania oil, while the
shipments declined, and the drop
In the stocks held In iron tanks was
not so pronounced as In November.
In the Trenton rock oil fields, the
runs were very nearly standoff
with those of the preceding month,
and there was a large gain In the
shipments making the decline In
the Buckeye stocks over 1900
barrels day. The net stocks were
reduced above a half ruillion barrels
In November and the runs were the
smallest of the year 1903
The reduction In the pipe line
stocks In February was 473,444
barrels of which amount the Penn
sylvania Is credited with 92,IIS
barrels and the Lima district with
3s1,327 barrels. The total decline
In the stocks of Pennsylvania and
Lima oils amounted to 622,32I bar.
rels In January Of this amount
the Pennsylvania stocks were re-
duced 162, GA and and the Buck
eye 452,347 barrels. The decrease
In the stocks of Pennsylvania and
Lima oils In December amounted
to $50 235 barrels (which was at the
rate of nearly "a 500 barrels day.
The Pennsylvania stocks declined
1I3 GIG and the Buckeye a43 6l6
barrels.
At the close of 1902, the stocks
of Pennsylvania oil were 5,699,127
barrels aud the Buckeye stocks
were II 3o6,426 or total 20 oo5,-
$50 barrels. The Pennsylvania
stocks were reduc ed 3,72r,294 bar
rels and the Buckeye 4S3,SSo bar
rels during 1902. which was an
aggregate reduction of 4175,I74
barrels, and the heaviest loss since
the termination of the smut down
movement In 1887. During 1903,
there has been an aggregate drop
In the net stocks of 3o43,7I7 bar
rels. On February 20, 1904, the
Pennsylvania stocks had become
reduced to 4,56S,Io7 and the Buck
eye to IL ,2ee,e63 barrels. During
the first two months of the current
year, the stocks of the two great
divisions of the producing region
have been reduced over q million
barrels.
The runs of Pennsylvania oil
average 76sso7 barrels a day In
February, which was an increase of
3,6oS barrels a day over the jan
uary record. For the first month
of the new year the runs of Penn
sylvania oil averaged but 73,Io9
barrels day. which was a drop of
$3.50 barrels from December, and
the smallest on record In many
years. The lowest month of the
previous year averaged 76,o51 bar
rels, while for February, 1903, the
.-o.1oe ,zoe o. zoo hoyrolc The