Sistersville daily oil review. [volume] (Sistersville, W. Va.) 1902-1905, 1904-05-13

Wfllle the shipments SnOW SlldIl
increase, but the demand contin,
ued about 13,C00 barrels a day
less than che supply, and a heavy
gam in the stocks was the conse-
quence. The increase VISA not as
large as that of March, but
serves to mark the extraordinary
change which has occurred in the
conditions Of supply and demand
within the past sixty days. In
the Lima oil fields, there was a
small increase in the runs, accom-
panied by a decrease in the ship
ments, while the stocks declined
at the rate of 1000 barrels a day.
The March runs Of Pennsyl-
vania oil made large gains over
February and, were the heaviest
Of the past six months. At the
same time there was a big de-
cline in the shipments and the re-
suit was a gain of over 100000
barr els in the net stocks. In the
Trenton rock oil fields, there was
likewise a heavy increase in the
pipe line runs, while the ship
ments were quite large, and there
was a decline of nearly 100000
barrels in the stocks. There was
a decided gain in the pipe line
runs for February, as compared
with January, but the shipments
showed a decrease. In the Penn
sylvania districts the shipments
were slightly in excess OF those
of January, but in the Lima OIL
fields, however, was nearly 2O,OOO
barrels a day in excess of the pro-
duction. During January the sur
plus stocks in the Pennsylvania
and Lima oil fields declined at the
rate of 10000 barrels day.
The net increase in the stocks
above ground during April was
337, 913 barrels. For this amount,
the Pennsylvania districts alone
are responsible. While the gain
in the Eastern districts was 397,-
9S3 barrels, the Buckeye stocks
were cut down 60,07O barrels, or
about 1000 barrels day. There
was a gain of 395,S16 barrels in
the pipe line stocks during March
and the increase was entirely
from the Pennsylvania sections,
which recorded a gain of $780, 22
barrels, while the Lima stocks
suffered a drop of 139,2O6 barrels.
The reduction in the pipe line
stocks in February was 4I3,44f
barrels, of which amount the
PENNSYLVANIA and Lima oils
amounted to 622,321 barrels in
January. Of this amount the
Pennsylvania stocks were reduc-
ed 1924 and the Buckeye 49,
347 barrels.
At the close of 1902, the stocks
of Pennsylvania oil were $685.
127 barrels and the Buckeye
stocks were 1885, 26, or total
of 23,OO5,553 barrels. The Penn
sylvania stocks were reduced g.
271,294 barrels and the Buckeye
453,SSO barrels during 1902,
which was an aggregate reduction
Of 4,175, ia barrels, and the heav-
lest loss since the termination OF
the shutdown movement in 1887.
During 1903, there was an aggre-
gate drop in the net stocks of g.
O43,717 barrels On April 30,
1904, the Pennsylvania stocks
amounted to 5,5O1,113 and the
Buckeye to 14,O9S,6S7 barrels.
During the first four months OF
the current year the stocks OF the
two great divisions of the produc,
ing region have been reduced
362. 036 barrels.
The runs from the sections pro-
ducing Pennsylvania oil averaged
S4.O74 barrels in April, which
was a decline of 1921 barrels
from the average for March. The
runs for March averaged $3.50
barrels, which was a gain OF s.
54S barrels over February. The
February runs averaged 76,SO7
barrels, or 3,60S barrels above the
January record. For the first
month of the new year the runs
of Pennsylvania oil averaged but
1889 barrels a day, which was
drop of $3.50 barrels from De-
cember, and the smallest on rec
ord in many years. The lowest