Sistersville daily oil review. [volume] (Sistersville, W. Va.) 1902-1905, 1904-02-13
Pipe Line Reports
for January

shipments of Pennsylvania oil made
very low records. There was like
wise a decided decline In the pipe.
line stocks, which are now at the
lowest point in many years. In The
Lima oil regions, the runs were the
smallest since February, 1901.
The shipments, however, have been
we'll sustained and the stocks have
suffered another reduction. During
January the surplus stocks In the
Pennsylvania and Lima oil fields
declined at the rate of 10000 bar
rels day. And at this rate OF re
duction the supply above ground
would be exhausted In less than 8
years II
During the last month of the old
wear, there was an unlocked Tor
gain In the runs of Pennsylvania oil
while the shipments declined, and
the drop IN the stocks held In iron
tanks was not pronounced as IN
November. In the Trenton rock
oil fields. the runs were very near
| " a standoff with those of the pro-
ceeding month. and there was
large gain In the shipments. max
ing the decline In the Buckeye
stocks over II, 900 barrels a day.
The net stocks were reduced above
half million barrels In November
ard the rams were the smallest OF
the year 1908. The shipments were
also slightly below the previous
mouths average. In the Lima oil
districts, both the runs and ship
ments suffered losses. as compared
with the October reports, but the
consumption exceeded the supply
by nearly $4,000 barrels day, and
the surplus stocks were drawn up
on to meet the emergency. A SINH
lar condition of affairs prevailed In
October, and both the Pennsyl-
vania and Buckeye stocks suffered
reduction.
The total decline In the stocks of
Pennsylvania and Lima oils
amounted to 622,3a1 barrels In jan
uary. Of this amount the Penn
sylvania stocks were reduced 1872.
ga and the Buckeye Asa 347 bar
rels, The net decrease In the
stocks of Pennsylvania and Lima
oils In December amounted TO 457,
2ss barrels, which was at the rate
of nearly ID 500 barrels day. The
Pennsylvania stocks declined I13,
61e and the Buckeye 343.6I6 bar
rels. The aggregate decrease In
November was 500, $50 barrels the
total decline amounted to 2o2 3S2
barrels In October, which was at
rate of 6 500 barrels day.
At the close of 1902, the stocks
of Pennsylvania oil were 5,o99,127
barrels and the Buckeye stocks
were 1896 426, or a total OF
2s,oo5, $50 barrels. The Pennsyl-
vania stocks were reduced 3,721,-
aga barrels and the Buckeye 453,
$50 barrels during 1902, which was
an aggregate reduction of 4,175,I74
barrels, and the heaviest loss since
the termination of the shutdown
movement In 1887. During 1903,
there has been an aggregate drop
In the net stocks of 3,o43,717 bar
rels. July was the first and only
month of the past year to record a
gain In the net stocks of the two
fields. Ga January 81, 1904, the
Pennsylvania stocks had become
reduced to 4 600, 225 and the Buck
eye to 1859, 29o barrels.
For the first month of the new
year the runs of Pennsylvania oil
averaged but 1919 barrels day,
which was a drop of $3.50 barrels
from December and the smallest on
record In many years. The lowest
month ofthe previous year averaged
76,o51 barrels while for January,
1903, the average was S4,577 bar
rels. The runs of Pennsylvania oil
averaged so,17e barrels day In
December, or 4,I2S barrels above
the November average. Ia Novem-
Der the runs of Pennsylvania oil
averaged but 76,o51 barrels, which
was drop OF 7,2S2 barrels from
the averrge of the preceding month.
The runs averaged 50 333 barrels a
day In October, which was de.
cline of 1853 barrels from the fig
ures for September. The average
runs In 1902 were S6,e1e barrels
and for 1000 81 o7o barrels q day. |