New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-08-13
pm. Delivs Devs. Charters
ro,aI hbIs 34I s43 81 $50 23i407 44l,942
nor dav $3.50 G4.139 25s33 Al, l0+

T; IA dcu. 10 detect any unfavorabe features In the
commercial position OF petroleum. and considering tho I'M
porans exten; to which tho Pennsylvania oil country Is
Interested in production OF crude is IS somewhat sur
nristnp 70 find tina; bcarsh feeling exists to so largo
degree there Tho producing industry lacks prosperity
whio thu crude article rules below tho dollar ne II the
formal testimony OF tho biggest welowners can be ac-
ceptei and yet season when values arc helped oy
tho foreign demand OF tho situation and even
hostility 70 rIso found to larger extent than seems
reasonable Tho speculative spirit absent there Is no
important. ball leader be found and is apparent that
a Of proportions IL constantly mann
alned as tho Western centres OF speculation WITHIN
crude oil has advanced from tho seventies
into eighties last week TIVE has witnessed an
other Improvements 70 nearly ninety cents This upward
Of prices been mado without aggressive manp
ulaon Is has made against tho opposition OF some
important Western operators and tho average trader on
thu exchanges t has been rise responding TO
business reasons devoid OF tho Impulse which In Wall
Street. usually tends anticipate favorable future pros
poets That crudo should nevertheless be but few cents
under figure of the summer is tribute to the
strength o, tho market and suggests the posi-
bilItie tha. nigh. reached speculative temper
developed. Tho certificate market, however, last week
showed decided increase In activity over tho few pre-
cedine weeks and there was evidently widening OF
interest, Il escaped little beyond pro-
fessona bounds Tho opening prico was within
fraction OF the lowest and while there was variety IN
the fluctuations calculated scapng for small
turns steadily tended upward until it passed
80 cents. Reaizaons checked the advance here, and
there fall 10 SO 2 cents the latr huctuau0nS Oes
back 10 81 3-4dso 81 The last quotation was
nearly cents above end Of the previous week and
over cents close Of the week preceding that
Duness was the Characteristic OF the late trading
and IL apparent that somes realizations had been
made Tho short account however, were prooa-
bly, sufficient supply new bear element TO take
the place OF that which absorbed the long
sales There more bearish sentiment ao the close
based on the fall refined, but have noted this suhc
emily to render supernuous touch that point here
II surface eb trusted lower values may fol,
low the refined reduction this week. but IL should
be remembered crude IS below the price sold at
wear ago even refined higher than IL now IS
IL s conceded all hands that speculative oil IA
being carried important extent and a. the volume
dmnlshes with the curtalmen OF actual
goods above ground danger Of unloading is sensl-
hlv reduced Perhaps describe the tone
OF the close is to say that the general
onlnion looked FOR n further reaction while important
buvers were doubtless waiting for weak spots on which
| no renew ventures for an advance.
The range Of prices total dealings in National
Transit certificates the Consolidated Stock and Pero
eum Exchanges for the last three weeks were as oo"s