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From: "Georgette Ochs" <>
Subject: RE: [PABUCKS-L] A Price list from the 1860's
Date: Mon, 28 Nov 2005 04:24:40 +0000
In-Reply-To: <BAY101-F372FDAEC8B64059FB48931D9480@phx.gbl>


Ok, one more thing.
http://www.americanheritage.com/articles/magazine/ah/2005/6/2005_6_28.shtml

Pennsylvania produced 450,000 barrels of oil in 1860. At first the market
was happy to take all the oil that could be produced, and prices topped $10
a barrel (around $150 in todays money) by January 1861. As more oil came
online, however, supply began to outstrip demand, and the price crashed. It
was only 50 cents a barrel by June and 10 cents by the end of the year, far
less than the cost of the barrel itself.

But with the supply of Southern turpentine for making camphene cut off by
the Civil War and with burgeoning exports to Europe, prices recovered and
reached $7.25 by September 1863. By the end of the war the price reached
$13.75, and more speculators and prospectors poured into northwestern
Pennsylvania.




>>From: "Jerry Edwards" <>
>>To:
>>Subject: [PABUCKS-L] A Price list from the 1860's
>>Date: Sun, 27 Nov 2005 17:52:01 -0500
>>
>>Howdy,
>>
>>Does anyone know where I can get a price list from the 1860's? I need it
>>for a class project. I have done My searching and to no avail. Any help
>>would be welcomed. Thanks.
>>
>>Jerry Edwards
>>Vincennes, In USA
>>Edwards/Bennett/Carrier/Mote/Patty/Hiatt,iett,yatt
>>
>>
>>==== PABUCKS Mailing List ====
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>>
>
>
>
>==== PABUCKS Mailing List ====
>Contact Listowner ar
>Bucks Co Surnames http://www.rootsweb.com/~pabucks/surnamepageA.html
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>Bucks Co. PAGenWeb page at http://www.rootsweb.com/~pabucks
>Bucks Co at http://freepages.genealogy.rootsweb.com/~buckscounty
>Genealogy of Pa http://www.geocities.com/Heartland/6508/
>



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