The economics of petroleum . the main products, there is little pressure forcing attentionto by-product accomplishments. The loss involved in the non-development is not felt as such. Under pioneer conditions and in anew country richly endowed with opportunities for quantity pro-duction, the intricacies of by-product upbuilding are not apt to bethoroughly sounded. Table 80.—Production of Paraffin Wax in the United States Year In Millions of In Percentages of Pounds Production in 1914 1899* 256 67 1904* 262 69 1909* 313 82 1914* 380 100 19161 386 101 19171 481 127 19181 505 133 1919t 467 123 192
The economics of petroleum . the main products, there is little pressure forcing attentionto by-product accomplishments. The loss involved in the non-development is not felt as such. Under pioneer conditions and in anew country richly endowed with opportunities for quantity pro-duction, the intricacies of by-product upbuilding are not apt to bethoroughly sounded. Table 80.—Production of Paraffin Wax in the United States Year In Millions of In Percentages of Pounds Production in 1914 1899* 256 67 1904* 262 69 1909* 313 82 1914* 380 100 19161 386 101 19171 481 127 19181 505 133 1919t 467 123 19201 541 142 * Census of Manufactures t U. S. Bureau of Mines PARAFFIN WAX 185 Such is the case with petroleum. Chemically without equal inits by-product possibilities, this substance has been developed withprime regard to its main products, and with but the merest beginningtoward the realization of its by-product values. PRODUCTION MILLIONSOF POUNDS 4020 20,10 o 10 is ~\ STOCKS ON HAND N^rtT^^^-^^^^T^?^ 1919 EAST COAST 1920. 1919 1920 Fig. 8G.—Produotioii and stocks of paraffin wax in the various refinery districtsof the United States by months, 1919-1920. Paraffin Wax.—Paraffin wax is produced in large quantitiesbecause it must be removed in the refining of paraffin crudes fromwhich lu])ricating oils are manufactured. In consequence, largesupplies of this connnodity have tended to accumulate, in spite of 186 PETROLEUM BY-PRODUCTS iH (6 iz;n Oo H 2; o ^ w n CO «u C; H ^ 2 P p:i tt g s !»1 2 c»oo so —CO O O lT i/J O C>1 00 o m ot^n -Hioco cooo CC050 00 O O O 00 rl4 c3 cc ro S* CO CO — — X o ?-; O L- -c rt I- .- —? (N — c^ CO -t » o M o c; c-j t o -i t^ o -^ o t^ cc X -^ -^ --• O c^i CO »r CO CO ?* O lO CO O CO M 1-0 H o>co t» t- O uo o :0 CO O t^ U5 O t^t»t^ oooooo ooo TicO* •^•^c^ Nc^co -^coN CO N >-0 1-0 CO t~ -< i-oci CO O lO »C • c^ •» 1-0 -< r» c. o 00 i-o o •*so or
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