THE MINING AND QUARRY INDUSTRY 1915 



47 



The range of prices within the period of the year has been from 

 $1.35 to $2.50 a barrel. In the early months of 1914 quotations 

 remained steady at $2.50. During the month of May there was a 

 vertical drop to $1.90 and by September they had reached $1.45 

 where they held to the close of that year. In January 191 5 Pennsyl- 

 vania and New York crude was quoted at $1.50. No change oc- 

 curred until April when the price dropped to $1.35. With the 

 month of August an upward trend began which carried the quota- 

 tions to $1.45, to $1.65 in September, $1.75 in October, $2.10 in 

 November and $2.25 in December. 



Owing to the discouraging outlook at the close of 1914, with 

 prices over $1 a barrel below the quotations at the beginning, there 

 was little enterprise manifested in exploratory work during the first 

 months of the new year. There were fewer wells drilled in 191 5 

 than had been reported for a number of years. The total, according 

 to the monthly compilations of the Oil City Derrick, was 108, as 

 compared with 267 in 1914, 512 in 1913, and 246 in 1912. The 

 increment of production from the new wells amounted to 122 bar- 

 rels, against 446 barrels in the preceding year, 810 barrels in 1913 

 and 278 barrels in 1912. There were two dry wells reported, as 

 compared with 17 in 1915, 48 in 1913 and 66 in 1912. 



Production of petroleum in New York 



BARRELS 



VALUE 



I 205 220 



$1 420 653 



I 279 I55 



I 005 736 



I 205 250 



I 098 284 



I 320 909 



I 708 926 



I 3OO 925 



1 759 5oi 



I 206 6l8 



1 460 000 



I 119 730 



1 530 852 



I 162 978 



1 849 135 



I O36 179 



1 709 770 



949 5ii 



1 566 931 



1 043 088 



1 721 095 



1 052 324 



1 736 335 



1 160 128 



2 071 533 



1 160 402 



1 914 663 



1 073 650 



1 458 194 



955 3H 



1 251 461 



782 661 



1 338 350 



916 873 



2 255 508 



933 5ii 



1 773 671 



928 540 



1 476 378 



1896 



1897 



1898 

 1899 



1900 

 1901 

 1902 



1903 

 1904 

 1905 



1906 



1907 



1908 

 1909 

 1910 

 1911 

 1912 



1913 

 1914 

 1915 



