Mineral Resources of the United States, 1888 . years, 188Gand 1887. These figures of shipments must,not be taken as the actual consump-tion. To them must be added, in order to arrive at consumption, dumpoil and the shipments of private liu es, as well as the amount of oildestroyed by fire and disposed of in other ways than by refining ordirect consumption. What the amount of this oil is we have no meansof ascertaining. Total stocks.—In the following table will be found a statement of thetotal stocks held in the Pennsylvania and New York oil regions at theclose of each month for the years 1882
Mineral Resources of the United States, 1888 . years, 188Gand 1887. These figures of shipments must,not be taken as the actual consump-tion. To them must be added, in order to arrive at consumption, dumpoil and the shipments of private liu es, as well as the amount of oildestroyed by fire and disposed of in other ways than by refining ordirect consumption. What the amount of this oil is we have no meansof ascertaining. Total stocks.—In the following table will be found a statement of thetotal stocks held in the Pennsylvania and New York oil regions at theclose of each month for the years 1882 to 1888. In addition to the netstocks held by the pipe-lines (the term net stocks meaning the stocksafter making a certain deduction for surplus and sediment), these stocksinclude an estimate of field oil which, in the tables of SiowelVs Petro-leum Reporter whence these tables are taken, is carried as surplus. Total stocks of crude petroleum in the Pennsylvania and Neio York oil regions at the cloneof each month for the years 1882 to 3677 min 29 450 MINERAL RESOURCES. It will be noted from the foregoing table that the total stoeks heldat the close of December, 1888, were but 18,995,814 barrels, the loweststock since December, 1880. The average stock held at the close ofeach month of the year was ,845 barrels, the lowest average since1880. This reduction of stocks is, of course, due chiefly to two causes:first, the volume of shipments out of the region as compared with theproduct; and secondly, the reduction of output reached according toagreement among the shippers. Prices.—In the following table will be found a statement of themonthly and yearly average price of pipe-line certificates for the years1882 to 1888: Monthly and yearly average price of pipe-line certificates or crude petroleum at the well for the years 1882 to 1888. Mouths. January February — March April May June . July August September ... October November December Average 1882. 1883. 1884. 1885.
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