Nor. 1, 1864.] 



THE TECHNOLOGIST. 



THE PETROLEUM TRADE OF PENNSYLVANIA. 



Crude. 



169 



1863. 



Price for Standard Quality. 



Average 



Price for 



same. 



Lowest. 



Highest. 





Cents. 



Cents. 



Cents. 



January . 



21 



26 



28§ 



February- 







20 



25 



22| 



March 







20 



22& 



21| 



April 







20 



24 



21 



May 







23 



33 



26k 



June 







25 



30 



27£ 



July 







28 



30 



30| 



August 







32 



32^ 



35| 



September 







34 



40 



36 



October . 







20 



37^ 



32| 



November 







24 



35 



27f 



December 







24 



33£ 



30| 



New uses for petroleum are being developed, which will greatly 

 enlarge the demand for it ultimately. First among these is the applica- 

 tion made of it as fuel for steam-ships. The United States' Navy 

 Department have experimented on its use, and the result proves that 

 a great saving would be effected by adapting steam-ship furnaces to 

 its consumption. The United States' Government have ordered a 

 war-vessel to be prepared for its use. In Ehode Island it has been 

 substituted for coal in one of the largest manufacturing establishments, 

 and many of the large mills are to be altered for its employment. This 

 will reduce the consumption of coal greatly, and its price will be 

 lower to the consumer than it ever was before in the United States. 

 It was formerly used by the Indians as a remedy, under the name of 

 " Seneca oil." 



The destination of petroleum exported to foreign countries has been 

 chiefly to England and the north of Europe. It is evident that the 

 most extensive arrangements have been made to refine oil in various 

 parts of Europe, and to provide permanently for the supply of the 

 various products of refining to permanent markets. In Europe, all the 

 products of refining have a value nearly equal ; benzine and the 

 residuum after the oil is distilled off are both peculiarly valuable — 

 the last for the production of the finest modern dyes. The pre- 

 ference of foreign dealers is therefore generally for the crude oil, and 

 the markets established on the Continent are of the most permanent 

 character.* 



The distribution of exports from Philadelphia in 1863 were as 

 follows : — 



* In vol. iii., p. 159, will be found an article on the 

 Oils."— Editor, 

 vol. v. 



: Purification of Pctrolean 



