davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-05-08
GRAIN and PRODUCE MARKETS
FEATURES OF NETWORK DEALINGS

In spite Of stagnation the export line the whss'
markets show decided stubbonness on narrow volums
OF trading The spot market held steady, although only
10 900 bushels taken by shippers on old contrac
The extreme decline in the options was l4al-S cenN
but sharp rally followed further talk OF unfavoraoh
crop prospects and in the visible supply srges
than had been expected The close was hrm with mes
gains Of 12 for May % 12 SIS for June and July az
% 81 81 for August % 49, and 10 cent for septe
Der at SO So cents Cash also was steady with ses
O. only 5000 bushels TO shippers. While the options
opened easier the market Influenced BY sympathy
with wheat and closed firm generally trihe higher %
follows: May "a. June o. July SO IA, August ana
september 90 SIS, and October SO "a cents oats were
stronger the options making net advances Of Ia for May
st SO L. SO for June SO Us, and l2 cent for July
a. 80 Ia cents The recent sustained strength OF ard
appears to have larger activity LOCO terces oehs
taken on spot yesterday part OF which was Tor export
The options however generally ended slightly lower az
follows: May ss A., June ss ~, July ss A, Auguss
As A. September % 40, October es a.
The receipts nour and grain reported yesterday ~
New.York Baltimore Philadelphia and Boston were as fol-
lows: Wheat 41473 bushels; corn. fo9oi onshesi
oats 1Io234 bushels total grain sos bushels hour
40. s4s packages At Chicago Milwaukee and St. Louis
the arrivals were Wheat SIG bushels; corn, 2ooS $50
bushels oats COL 24 bushels total grsn 5l%1ee pusA-
els -four. "a 2S1 barrels.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-05-08
CLOSING PRICES OF BOSTON STOCKS.
PRICES MARKED OFF SOMEWHAT.


Well, the bears in stocks to-day made a ]u-
bilee in the market and did succeed in marking
prices of 1a2 per cent Who will pay the piper
for the dancing, however, is an as yet unsolved
problem Certain it is that fully IS per cent OF
to-day's selling of stocks was the making of new
contracts and not the liquidation OF previous
purchases. The sellers were conspicuous, while
the buying could not be seen or traced. And this
follows the " short" selling Of last Friday ana
Saturday, which was clearly developed this morn
ing in the urgent borrowing demand for nearly
all kinds of stocks. Stocks loaned generally nat
TO l per cent for the money advanced Inc
market opened strong influenced By the London
quotations. but when declines followed the opening
transactions the raidIng OF values was renewed
with vigor that indicated the necessities Oh the
situation. Union Pacific was speclal polnD Vi
attack, and its price fell from 30 "a TO % 90,
closing at "a 5-e. AS an example OF the dealings
in the general market, it may be stated that q
broker who makes Union Pacific Speciality, ana
who devotes his whole attention to the EXECUTION
Of orders in that stock, when asked VINO solu ING
stock down, was able to name all the prlnclpai
sellers, but when that question was followed Dy
Who purchased all the stock replied Inat is
the mystery. can name only one ouyer VI DIS
and the price now Is l-2 per cent higher imam the
lowest figures made by the conspicuous sellers
Without exception the whole list yielded 70 tne
sharp attack; the declines were different only IN
the extent to which they were made. The later
dealings were made in more calm mood although
it cannot be said that there was any unusuaI eX-
element at any moment during the day. When
the raiders representing the great bear who
uses Mr. Gould's name as an aid 10 his own
schemes began the work of depression the
room-traders exhibited their sympathies and senti.
ments by prompt following after the bell
wether,' by selling stocks freely. Possibly after
the close OF business il may have come into the
minds of some OF the room-traderS that the bell
wether' was the buyer Of their stocks BE that
as it may the " short" interest was largely IN
creased by the days operations and the market
closed better than steady at the last prices.
THE DAY IN THE BOND MARKET
Government bonds sold in small way at full
figures and the bids were advanced 3-s per cent
for the As and Is for the lbs. Annexed are
the closing quotations:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-05-08

ss ~ 50: III Co. 81 IL n % 81 % DO tcur. u n %
Is 20 State Culls 80 ~ % - no Cnppeo sAeeD -
Newton 4 GilIess: 2s2 Clipped Ohio Sheep ~ n
at I.2c 226 DO So n. st o.; 277 Do tfew YssrnspJ
IS n at Lie
Judd 4 buckingham: IS Clipped State sheep. ss n.
at % So 265 Ohio Do part Yearngs 20 n ct % 70
ga Bunao cus GO n. "a SO; IL Stats Spring Lambss
st 50 rs each
Sherman Culver: 10s woolled Michigan Sheep.
n at o. 25; 23s Clipped Ohio do "a n at % IL b2i
$50 do. 30 n al % 25: 2l2 do, 50 n. az 90 20.
NJ. Collins: 100 Clipped Ohio fesriings ana LamsA
rs n at Z he
J. r. sadler Co.. 4ss Clipped Ohio sheer. "a n,
at 14c; 20 do IS m at &C., ia Kentucky do 30 n o.
1-4c; 1e7 do los n at &C.; 100 d. 10 n. at &c; 10
Kentucky Spring Lambs, IS n, at De-
J. n. Pidcock: lac Clipped Michigan Sheep IS %.
at 90 40 % Clipped Yeariinss IS n at 81 sS 81 woolsd
Sheep. IS n at 81 23
BoGs-Recepts SO cars Of 9.1o1 hesd-s7 ears at
4othst and 20 Jersey City. Market steady &c
a4aec for Fair Prime Hogs and Common Pigs sold
at s5 60ds5 e5
ssles-Judd d buckingham: 90 State Hogs go D az
34e per n; DO 1877 N, at sac
J. G. Smith III Western Pigs. % \, at % 10; ~
DO. LOS n. at IS 90.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-05-08
LIVE STOCK MARKETS By TELEGRAPH.

BuvvALo. Nay 7.-cans-Rsseipts las q hours we're
lssl Total Ter the week tAns tar <o2s For same de
last ~ss. sSS 49, GSSs.sS saSSss ss,s sa.s
So cars 50 of Which % lie ear. ON sale market
active prices advanced from last Monday Cermen
e Far = oS'a e Ss0s: 81 ga TO- -. sa
s. OoSS rs; Mich Cows $50 $40 stockers and Feeders
S. Is al 90 vsals 81 00d4 50 all offerings TAKEN
saa. s1 go FOR :.n. I'm. !sss
Consigned through 20 cars Is OF which 70 New Yorki
81 ears market nrm. Common TO FAT - 'SSss sei
Coed c.oss :, is Choice E.ts. - 40
soring tamos 81 90 6sI0 90. 49,.
Hscs-Rsceipts &c eo5 heat Total 70. the
1880 head Consigned through snniaE :! Gaia 10 q
which New York consigned throsEh tedy ~ cssS ~
OF whch TO SewYork SO car. on sale sgsa dsmape 80.
Yortsrs s, sisss B; selected Yorke.s g sosss 80;
Sslectod Mssiiam weights s. S5dSo 90 koogh ~ ooS
IS 90 staxs 81 O004 10; all offerings taken
CHICAGO. Union stock Ysrt. NJ In. Drs.s's
5000 market stesay but lover Fancy IS lsSss "a:
cowa sas and So 90 Ss3 So Texas steers - %
Hoas~Rsceipts 900 head shpnsnts 5000 assd nars"
strong Mixed S. l5e5 20 Heavy - eoss3 ooi Lisu~
IS 4O0so So, Skis 81 0oes5 20, ooo
ket steady woosd Natives IS 5osse IS shoss - ~
s. 90: Western - 1896 oo Texans - ooS 90 % Ln"
ments 600 head narKss steady. Choice HEAVY ssnvs
steer 81 10 o S. 10. Gooi Native steers - W.
81 90, Butohefs ssesra Me1am To ChocA - ~ SN Ia
sssskers aad Feeders fair to good 81 29sSw hAas'''
Hsss-kecsipts 900 head shpments s4oo head massss
Choice Heavy and Butchers - -,
sraes ordinary IS 1925 40 skips aud Pigs 81
e 90 q a Is
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-05-08

Flour quiet. firm AMI unchanged -,. ,,,,.,. 90 ze1,
Ca.h auotatlons wers tolows-Wlnter wheat = oye
Spring 81 rs al 80. RYE - foGS ~ 80 ~ a.
Wheat s29 s2l.c. N Spring nominal 30 sea a. So
ca No , Rari,y AZ II e7sc No. FLAX Seed at
81 l5 Prime Timothy Seed at s. so Mess eorx per %.
sil 25 Lard Uer 100 50 l710- 70 short Ribs s,iss
loose at 81 SO saltei should rs boxed sogs9 "a
shsrt clear sides BAKED Oo69 %. Whskey alstiers
rnshed goods sl Is per gal sugars-Cut Loaf 7'ss5S
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-05-08
NETWORK DAILY TRIBUNE TUESDAY, 8

81 7osss on Butter arm-Peunsvivania Creamery Exs.s
az re western Creamery EXTRA az 2ee h G. Ard "
Y. Crransrv Extra e26e western Factory 2p9Zsc:
Packing butter is sl7c. EGGS firm. fennsytyanis
nrsts l3saol4e Western nrsts lSAGl4c. Cheese aun
fair demand; New York Full Cream ll9llhct ONO
Flats Choice llG do Fair Prime le5eloHsc sursr.
Refined arm. Powdsred Tolls. Grsnulatsd she feeu
steady; Winter Bran s2i so SS22 SO Petroleum
steady 20 .osl ssst IN oels 10 kscsIpsIFIoSr h
Shipments Wheat $500 bush Cora l.5oo bush oats
10000 bush
ST. LOUIS May 7.-rlesr firm but very quiet Wheat
spsned strong eased OF slightly after tbs opening pas
later advanced steadily until the Close nna prices being
lc higher than SATURDAY, No Red. cash see 10 ZOE
NAV s. c do June s6ac. closing s6te nominsii 90 July
~ IA 81 &c, closing 81 do Angus, SSros4Se closing
81 NC; do December ss0sSSc closing - &c Corn nrm
and unchanged cash DC Nav 32-c cesiug o.; June
2052rc closing e2c yulye2La52sc closing 90 osts
srm cash 1e MAY S4e June sz,se Rye nothing aoinr;
siS 5vSsis SO; Praine at So ooasIs 90 Butter arms
Creamery at 20a?te Dairy az lsfz2c Lard dali Som-
mon 81 3o refnei 81 S2s Eggs loo cornnsAi 81 90
Mhskey 81 90 Provisions strosx; Pork az slt ~ ~
81 750s7 6IS Drysan Meats. boxed-shoniders - o.
ass: Long Cissrs 81 37LaE 81 CLAIR RIBS: "a eoo
ga s7r; Short Clears 81 1881 80; Clear RIBS - 50
Sss SO shOr, Clear, g. Sosss So Escsivssi sIoSr
osts 200 bush Rys none Barley none shismenssS
Flour 900 bbs Wheat $1,000 bush. Corn 23ocO ousn
Oats $500 bush Rye Barley 5000 BUSH
TOLEDO May 7.-whest activs higher cash sch
Nav ssLc; June SOC: July s9ss; August sssc; Do
cember SOSc. Corn dull. stsaiv cash 5ec; MAY occ
Oats quiet Aug 257c. Cioverseed active higher. css
- 25 Receipts-Wheat 1000 bush Corn soeo push
Coversect IS bags Shipments $4,000 bush Csrn
LOCO bush Oats 1000 bush Covsrsosd so basA
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-05-08

State bonds were quiet with sales only Of
Tennessee settlement IS at 20 3-4a7O IL. or city
bank stocks, Merchants Exchange sold 1887 at
lao l-2.
A fairly well distributed business was done IN
railway bonds and prices were firm and unaffected
by the slashing OF values in the share market.
Even Erie second 6s were firm at 9sa97 ga when
the stock was raided' on the old rumor Of de-
fault, etc. Fort Worth and Denver irsts were
specially active between SO and 81 5-S and
closed at IS IA. Wheeling and Lake Erie frsts
rose from 90 1-2 to 9sa97 34. Rock Island IS
were strong up to 06 "a. Burlington and Quincy
As, Nebraskas, were barely steady at 90 3-sa-
the Burlington and Quincy issues has been az
fected by The aggressive policy which 1t has pur,
sued during the last twelve months, and
stu is pursuing the reports OF Gui.rates by the
Burlington and Northern are one-haH true. The
figures for the securities in the open market in
dicate such to be the fact Canada Southern
first 3, IS sold up to 10! Ia: Missouri, Kansas as
sold at 95. For further information reference IS
made to our full report Of bond sales.
OF unlisted securities dealt in at the Stock Ex-
change, Cotton Seed Oil certificates sold $500
at 32a32 1-2a31 l-2a31 rs, Texas and Pacific
frsts new Isl 5000 at % 1-sa92 IA and seconds
$4,000 AZ 3-4a42 IA, Chesapeake and Ohio
first preferred receipts, second assessment paid
400 at z 5-S, and second preferred, second as
sessment paid 100 at 6, Chicago Gas l400l
at 36a35 IL, Western National Bank 1867 at %,
Kingston and Pembroke Iron (l,10O at SO, and
Security Milling and Mining Q,2o0) at 25a2o
cents.
Money was in more than an abundant supply
at 2al l-2 per cent, and closed nominally at IL
az per cent.
The Clearing House statement to-day WIS as
follows: Exchanges, s6s, 961, 9s6; balances,
S4,100,443.
The Sub-Ireasury was debtor at the Clearing
House s796,379 Its net loss on balance Saturday
and to-day was S429,2l0, made up by a coin loss
of S54e 240 less currency gain OF 81 9, 030 The
two days operations covered: Receipts S3,130,-
9s3: payments. s3,560le3; leaving the general
balance at sl59,2s9.9ll, consisting Of Sl45,466,-
507 coin and sl3, s23,4O4 currency
REPORTS FROM WASHINGTON.
The United States Treasurer at Washington
received to-day s552,000 National bank notes for
redemption.
The customs receipts were s9o5,7l3 and the
internal revenue receipts were 81 3O3.l72
To-day's Washington Treasury statement Of
cash on hand and deposits in bank compares with
the figures of the last previous statement as fol-
lows:
MAY NAV Dtrerencss
Net gold s1o 76 7i3 sos 54 ia Dec o3g
Net silver on hand 5l,0G0,sl0 5l.2gs93l Inc 2ssl2l
Sct legal tenders
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-05-08
LIVE STOCK MARKET.

REVIEW OF THE wEEK-Beeves In fair do
mand the opening Of Wednesdays market but closed
dull with unsold Prices however steady 70
the close The so offered Friday met with an
active demand at advance Of loo per 100 n
British markets still further improved and RefriRer-
ated Beef sold at 5sd, 15c per . and best Amer
can Live Cattle 12G12 Lac for the estimated dressed
weight
The Calf market exceptionally good for the nrst
week Of May and with moderate arrivals prices Inn
proved rather than Lac per n. Not Butter
mlks offered.
Sheep and Lambs ruled dull for all grades Good
to Choice which in light supply and a trfe firm
Poor to Fair sold at lower figures Spring Lambs from
Virginia, kentucky and Maryland appeared in market
selling 1910 12c per n and By the head at e5 90
ass 30 for Good to Choice.
About carloads Of Commission Hogs arrived and sold at
3-4G6c per n
BEEVES-R Receipts 224 Of 3 3s7 head-42
the slaughter houses-106 at Goth
ell consigned exporter ard city butchers, and 70
cars at Jersey City, Of which for J. Stern
Sellers disappointed In today's market and not
whsandng the higher prices last week in Chicago and
moderate offerings the advance obtained Friday
did exceed 1Oc per 100 n. Trade was moderately
early in the day. but closed quiet About every
thing sold
Ordinary to Prime Native Steers sold at "a 1886 80.
and about carload Of tops s5 40; while carload OF
Poor State trash low - is. Bulls sold at
SO 1884 O5 Dry Cows at 81 sods3 10. and few Old
Oxen and Stays at 81 25cs5.
Mr. Goldsmith purchased "a very Prime Steers az e5 30.
which he will ship to Europe
The Arizona to sail tomorrow. takes out 2e6o GUAR
tiers OF Beef.
The shipments Live Cattle and Sheep and Dressed
Beef and Nation are as follows;
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-05-08
~ r,auyH JUROR FOB TIE KERR rsLAL.
MANY rALEsMES EXAMINED, OBJECTED fo AND
REJECTED

Many TALESMEN EXAMiNEps
REJECTED.
seven turors obtained last week for the trial Oh
,nsa n Kerr were in their places In the Court OF
o,,sr and Termlner at 1890 a. m. yesterday
,rh.n Justice Patterson told the counsel IN
,,a case to proceed. Tho work OF get
ling more Jurors proceeded slowly Ing
same class OF objections were nterposed as on previous
savs with the result of excluding all OF the Candidates
g. the ,ury-box except one. Mr. Cochran objected to
w. ns,,ors mt 10 ono OF those whose names werc
80 from the wheel by Mr. Semple, on the ground
rat the d.fendaut the enc to be injured by
rs,naice Justice Patterson sustained Mr.. semple
challenge and said to Mr.. Cochran
81 shall exclude every Juror who is not absolutely
er.e from prejudice against either sde' Another
p,oposed Juror, who said ne mad prcIooioe "nicn
nn,d prevent him from deciding the case on the evil
80. WAS challenged on behalf of the people. Ex-
80. Davis asked him whether his prejudice was not
r.irs, the defendant Tho question was objected to-
o. indigo Davis said he wished TO raise the point that
an. neoue could challenge proposed jurors for .
s,,,dice against the defendant and he proposed to
.how that this mans prejudice was against the do
fcndant.
-. took an exception. Abraham Brill, who had
no trouble in giving satisfactory answers TO the qnes-
ors at first put to him, but was finally compelled to
nsess that he had been challenged peremptorily as
,urvu,an in the sharp case. That settled him. John
I,,tt said no had been acquainted with Mr. Kerr for
,..-,v twenty years. He pronounced ineligible
o.npel l. spcllman had been In the habit Of buying
ucuors from Kerr & Co., and was told to 60
Mr.. Cochran objected to questions put to the pro
rosed Jurors in regard TO any preudices they might
have against other defendants. THE case Of this
a,s,ndants he said, must stand entirely on its own
merits and without any reference whatever to any
o,h.-s at IS rather late to raise that question
ro Justice Patterson replied, after about ninety
have had the same question put TO them and
no affection raised The question is allowed Mr..
TocSrsn objected strcnuously to a question put to
another candidate about the testimony against Kerr
He Insisted that there never had been word Of ev'
dance against the defendant and added dramatically
that there never would be.
At last Eugene d. Klein, cigar manufacturer, OF
M Ais East Flfty-eighthst. was found to be &C
rentable and was permitted to take the eighth seat In
the fury box He said he had formed impression In
,aSard 10 The case but that II would not influence his
verdict The court adjourned until 10 80 m. to-day
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-05-08
EUROPEAN FINANCIAL MARKETS.

LONDON May 2 4 D.. m.-Consos. 90 10 for money and
93S Western first mort
trustees certificates S71; Canadian Pacific 60'
Erie IS =; do second consos $685. Mexican Ordinary a.
st Paul. Common 757s Nsw-York Central, 1914 Read.
ing. 32r
Bar silver is quoted at 42isd. per onnca
Paris advces rentes at 81 francs
42a for the aud Exchange London at
Is francs 30L centimes or checks
Money Is "a la per
The rate OF in the open market for short and
three months bills Pa cent subject to change in
the Bank Of England rate next Thursday.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-05-08

On IN. produc. Eycsanee today the Butter market vas
Creamery soSs5a Dairy i'Ss'a Ess' A'H at
ocnxA May Foar :;rS0se, demand s, tai5 Fs sa
Red ssSsSc Rscs,Dts 900 y T2ss
No mixed s. 6 oats p s1sa srm a. s4 So
BGE%.,' cd and I'd Massey Vase . .ss.y
.ass ss barrels good. on tns oss, 81
Batter Arm Fancy NSrIsswes ssga was Steady Hard
ksansa N.Eoss.c 5ss'S ,a ap' sa ssSss
'1S Es. p 60
frm l2qc Cheese hrm Prime TO Cnoice lat i'''"'
DETROIT MAY 7-wh.at-So White a ca.o At 80 so Ggy
3D. NN Red sass a. A. soo' co G0
NO ssStc: So2 White 5 ss1sc ss'sp''-" H'1'
INDIANAPOLIS May 7-whe,t sgs' No Red .t.as i've
bid Corn strong No. MiIel 54c bid oa's '''AN''
No Mixed $50 ...
MNxrApous May 7-wh.as Market .t.adT ans.
Receipts 2S6 ears ,apmsq % S s. 50 S % June ss
% July Sa So,tnsrn cash s Norts. au cass aud
i May 7 sa 90 do 1a 1Ty sO ss' 10 july 6
Hsr ssi.c u no TH northern $50 No Northern Sl''
Mw1ynEs May rsar qais. and : Ss a. wG Sse
.;. b. }9e' at 'ss o s ana
steady Barrie, :':ady, ,, S q. IS Lsri
so higher Moss 20 r1rE b Gnis or @ eoa
FsS. 'sa aT csS::e 9Ssf
5000 euah Barre, 5000 'u sa,,., ~ 300 bush
n. ai.a 50. Oats arm so White SO wS Ss
m9 %a. a s,r R,' iaf
bush OaG. 81 OOv Basn Rye 220n 0ush % % aon ma
bush shipnsnEs- Wheat $500 .Dush Csfa oSo bush
oats s5 OdO busn. Rye LOO bush BARLEY - t..,a.,
PHILADELPHIA May 7-Foor hrm 10 n9 sS T5' do a.
Westera aud Psnnsviyana 5tOorlis y g.nilv So rs
DO So rs ssJ 10. PennsvivAnia ,s-ssy go ohl1
s. 90 PeansyIy.sl4 Roller Process - 20 insiana
Clear - Is do dc striight - - lonls Int
Clear 81 IS a. 81 do 40 strtr - 81 3j0
southern Illinois Clsar - Is 5O 10 M Minns,oa
Winter Patent choice - 90 M'nne.ota pat
snts good chslce IS al 9O DO 40 Wheat gais'
- 90 choics Rye Flour steaiy A. - Lag5cr do sr
damaBd light No. Rel tor NAV o -, for Au,nst
JuD. 94Aeg5c. 10 for July 94syf y psnusytvNnia az
s2Lag2i &c. RYE scarce ami nrm ~ ontlons steady
lie corn-spot lots arm. demand hshti 9PH%7Is So
Nired for Nav 63ae65c 10 for Jug Ia s6ss.c Oats
fer July 63t 163s.c; for AuRnt oosngy.ded WnIr.
Receipts 6sral and price, steadily he l3sc, No
425c No White 4lLe4l Fei Ne No p Waite for
Nav IL .a42so Jun. s42.c do j1x ns noato,s
do August 81 80 &c Potatoes we're a1 ~, do Hsrsn,
scotch MagHams per 1888 u sack 81 ooSi 20 PsnnsyL
81 7O9l 81; do Chsnpions 81 eoe'' enoos White.
per susa; 7ss7se do 40 FAR ,,-. 10 choice soss5c.
do do Eursanks Good 1915 psar c.oes
T6essc do FAR tiooi TUeI5c; Asn,no. potaioss
rs Soc Far Gasd 70Si3e FlorllA rriIs
D me per bb.. ~ 40 ss6 Oh do ne- gare ,tassy-
par 66., 81 OoesJ 80 Pro rsa 40 Ss 90 Pacrst.
AZ SO Is Oh. smoked Beat l2si5e Best asns 30 IUg
siT So Psrx. Mess. sl6 90; DO rrh hsa a.r N la
sit 5t do Flaly Sis so 1sl7 Hama smo1sa ~ ~ - s,.i
he do oursd 10 ii 1a siat.a a. . DC
In saa0c sldos Clear hb3el nrut - do
Tssc DO do smoked sae9c. Belle. 10 pioxls. co.
$50. Breakfast Baoon a. loc aa,csses ,ooss
RAnnsd n % So stssn IS l2sss lbs Au'eAes i'0''
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-05-08
THE PETROLEUM MARKET

NEWS FROM THE FIELD AND RANGE OF PRICES.
pearish news was received from the oil country over
Sunday and yesterdays market opened down cent ron
saturdays noon figures at s5 cents The extreme de-
cline from the quotations was only IL cent and the
not Ioss OF the day was only 1s cents Such result
upon the opening Of wells which added about oooo osr
res 70 the daily supply especially where prices aN
some 90 cents the basis OF year ago. Is an mpor'
tant testimonial to value Of the producers shutdown
movement. Refined oil was lowered az the same uine-
an occurrence not provocative Of speculative purchases
The Fergus wells Washington have fully met the ex-
pecons the bears and rather disappointed the pus
who hoped to stronger Indications OF drainage NO.
10 started at $50 barrels hour fell on TO ITO and tnen
upon agitation, up TO $50 barrels an hour. NO.
ouened at so barrels and fell on to 10 barrels an hour
but No reported at so barrels an hour hoioers
OF certificates however have not been alarmed because
they know these wells are "insiders-thas Ia hey
do not indicate an extension Of prolific territory on new
ines-and moreover their rate Of output Is likely speedily
N decne and the general OF production anords
ample margin this pool without reardng the reduction
OF stocks above ground From first ngures yesterday
there was rally "a cent, and there was no pressure
NJ long oil In dealings the bears became more
ooressve and prices were forced down TO the lowest
points OF the day. Loans at the end were made nat
and t s apparent that certificates cannot be easily ds
lodged from the hands Of owners 1t would be surprising
the operators for should not renew their attack on
yaues-but tho market closed without weaKhess VI Vn'
although figures were low.
Thu range OF prices and the total dealings fol-
lows: 90,
Stock Exchange Consolidated.
Opening GyDDsss. - s.: S..
s'-----"''---'---
ns'''-------------''' s4l S47
s.n nsn $4,000 1,llGO00
Refined oil continues dull and quotations were reduced
Ia cent Der gallon to e cents Abel test. az all ports
OIL MARKETS
orr CRY Penu May 7--NstiouaI Transit Certificates
opened at 80; highest sSAs, lowsss SAIL closet 50.
aIea $50 600 cearancss l240OVo barrels chAa
ters barrels shipments 435s3 barrels rans AoEo
barrea
National Transit certificates opened o. % closed NoAs
highest 85i7s lowest "a
BRADFORD Penn. May National Transit Certtcstes
opened ct So ~ closed az s4S; hghesI oot ""es" ON
Clearancss Sl6 700 barrels.
TrrusylILE Penn. Nav 7-Nationa Transit cert,ncaess
onened At So highest 56 lowest 50 =; ciosed s4s-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-05-08
Actual cash IN
Treasury waits
esrtiSeaes $3.50 .oeses 42s slA Doc Il s.l IFS
Deposits In bankA b5.l3l,276 5sGse e27 Dsc O6i sac

cash 53s2s5 s2i2 4e577i Dec 0447s
The foreign exchanges were not specially net
i've, but the tone Of the market was firm at quota
tions for business as follows: Bankers bills,
"a SO l-2 and 81 IS l-2 for long and short ster.
ling respectively 81 "a and SIT l-2 for francs;
% 5-s and e5 rs for reichmarks; 40 IA and
4O l.2 for guilders.
In London British consols, after an advance OF
i-l6 per cent closed unchanged at 90 SIZE for
Man, IN ibe OMEN ma, az 10 "a rmer AZ
l-6a2 IA per cent for discount OF bankers
bills Bar silver further declined sd TO AZ l-sd.
per ounce English standard American railways
urdsy's closing figures but they closed lower re-
sponsive TO tina early depression of the homo mar