Butler citizen. [volume] (Butler, Pa.) 1877-1922, 1882-11-08
FALL AND WINTER.
A. TROUTMAN.

A TRoUTMAN.
Extraordinary Large and Attractive
stock of New Fall Dress goods, Silks
Pushes, Velvets, &c.
Attractive Prices. Bargains in al
kinds of Dry Goods and Trimmings
Cashmeres Black and Colored-tht
very best goods for lowest prices.
Hosiery, Passmentries, Spanish an(
| Guipure Laces, Ladies' cloths in al
shades, Flannels, Blankets, Ladies'
Gents and Childrens' Underwear
Towels, Napkins. Table Linens, yarns,
Gloves, Jeans, Cassimeres, Tickings
M1slins, Quilts, Lace Curtains
Shawls, Buttons, Fringes, Corsets and
Oil Cloths.
Infants Robes, Skirts, Capes, Hoods
and Sacks, Fur Trimmings, Ladies',
Misses and Childrens' Goats and
Jackets, Ladies' Dolmans, &c.
Our assortment and our Low Prices
Quality of goods considered are the
inducements which we offer. Give me
call. A. TRoUTMAN, Butler, Pa.
The Boom i'm the Oil Market.
The boom in the oil market that was
inaugurated last Saturday was the
cause of much rejoicing among those
who held low priced oil and those who
own producing wells. 1t has also re-
vived the mania for speculation in the
fluid. Since Saturday, the sales and
resales have aggregated millions of
barrels, and here in Butler, on Satur-
day and Monday, different parties
bought the control of some 10000
barrels. 1t now takes Sl00 to control
1000 barrels of oil for an indefinite
period. or until the price falls ten cents
on the barrel, when the 500 margin is
lost. If, however, the market continues
rising the person who has risked the
500 can hold the oil as long as he
pleases by paying TIE Pipe Line Co.
AZ cents day fer storage. This is the
"bull' or "loDg" side of the market
In speculating, those who buy stock
and hold it for rise are spoken of as
bulls" the other side is the "bear" or
short" side. People who sell stock
that they have not at the time in their
possession, (to be delivered when call
called for or at a certain fixed date) in
The hope that the market will go down,
and that they will be able to buy and |
deliver at less figure than what they |
sold for, are called "bears" The
bear" side of the oil market has an ad- |
vantage in that it has no storage to
pay,
The price of oil for some weeks
previous to Saturday, ranged from 81 |
20 81 cents, but on that day the market
opened at SLOT and closed at $1.19. On
Monday it opened at $l23 and closed |
1t $l.25a, and during those two days, |
parties in Butler risked some $4,000
n margins. II the rise is permanent |
,ne they will all, without doubt, make
some money. The producers will also
make money, and drilling in and about |
he Bald Ridge territory will be con-
inued.
The oil market, however, is a very
Uncertain thing. 1t is generally con-
;eded that the heavy operators-men
who buy from one to ten millions of
,arrels at time-and the Standard
Dill Company, which owns the pipe line,
.an, if they see fit, "bear" the market
o any figure they please by selling out,
when the price suits them, and thereby
looding the market. Should they see
it to do 80 during the next few days,
hose of our local spectators who are
lot quick enough to sell, will lose their
money This is what the heavy
operators speak of as shearing of the
ambs-the "lambs" being the small
operators. The present rise in the
,rice of oil is due to the falling off in
he production of all the oil fields, de-
line that has made the average daily
production to be some thousands of
,arrels less than the daily consumption
The exact amount of crude oil above
ground is not known to any, bat the
Standard Oil Company, which holds it
III in their tanks and pipes, but it is
to be about thirty million
barrels