Mr. Lothrop to Mr. Bayard.
St. Petersburg , October 6, 1887. (Received October 24.)
Sir: Notwithstanding the very full information which has been furnished you by our consuls touching the production of Russian petroleum, and the trade in the same, I have thought that a recent article published in the Journal de St. Pétersbourg would be interesting, as presenting the latest Russian view on the subject. It will be seen that the entire expulsion of American petroleum from the European markets is confidently looked for. And whatever superiority in quality may exist in favor of the American product, yet the ease and abundance of production of the Russian wells and the cheapness at which their product can be placed on the market can not but cause some solicitude respecting the future of a business which has hitherto been so valuable to the producers in the United States. The article and a translation are annexed.
I am, etc.,