New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-05-10
THE PETROLEUM MARKET

,-,.,,S ,,o,, ,ry,r, FIELD AND RAN0E OF PRICES.
NSos, n, the New.Y members who attended me con-
ference q Pttsburs Tuesday Of the OH eAehslk
returned 60 this city They repors that 10 Apae VI $50
the plsn OF trading IN futures received Aepp
which Is likely insure the trial OF tho eApeHiaA"
Western exchanges have Jet 70 vote upon lao
lions OF the meeting while the SeW-fork EAou'A -
readv committed 70 Il ana H. In the control OF isS
b r,es aaonted ~ finally put fOrce VII MAKE iaN"
lar transactions In crude certificates eouiVaenb 70 e
ton Of the seller deliver goods al any uoo II az -.
succeeding the month In which the UAnH@ '"' y "a,
An other transactions must b. specified as eSsh %
Aalt,svv In so,ne future month The preS'hb S''9 -,
douv clearances is wiped out The ''futafe Ss'om -
DO conducted under the elearnGhouSo S ,.n, =, tns
that now in vogue In the railway S0ooN .,aoa Ia
Consolidated EXCHANGE. and full proteeuon - 49, "a
-, ,vov ~ calling for margins by the buyers VINO INV
.N,,r IN, evening 10 In the loan crowd taa' S", ~
DI,hed by the clearinghouse with names Oh SNS 4.
whose financial position hey ar not sA''auS| :, ~.
some diversity Of opinion Is " inc eI'' ,.n,,sn.
~. ,,ntch win ba tried. Its s1Vshuses
- ,n,. sellsrs Of oil are not called upon 20 pg srrniIs
preniuns for loanns oil which hSISSs Trs are NOT con
xaS'S TSH Se Storage 'e Charges have away,
aasS 20 sSPFSSa 0S AqSs
sgHa ab hes iG 70 'ns e iss eRass e
sSaTaSs premium d s.t ,A ssT:ep s ses d
Sctu property Gs bear Be terribly SSuS essns
s q. SS' .SSsss Rasr1 ssnf Sss.
even uD similar g .ss Snoae1 SSestSn ,dysSced
.San @a Tie SPon so SSss
S he pfescnt system Of daily elearaQeo& The ma
ar0nrent however IL unansweraoe one - preseaSs
Nv the asyocates VI the proposed change Let inc ~
rsrinent DO tried. Speculation cannot reash lover epV
Imam t has gene at present, aud II any &tePsuSo
10 bs rcaehod ony b. for the better IN No!un
transactions II not in prices, Under any "S,.St
ting AZ is argued essential strength OF any supFo'
Of must hnally determine values - ,o,,,,c
The crude oil market yesterday was dull anu ~.
less With a recedln2 tendency TO valuea TO sn,nS
received from tho oil country ~ stimulate shVI. W.
and the change In the situation s,o-sy nus
\ rise in carrying The market enaed S'eS1S' WV
"O Tbs 20 rage " prices and the total dealings were
follows: -, r.A.,o. Consolidated
2 q sSn,s sS" $ rs
Lowest. sSaS S5iI
Sales barrels ................. 2S4,OOO ouotvVV q.
Refined oil was unchanged OF G5I cents per sssnn
Ecw.York ana CTS cents In Philadelphia ana bS'No'.
OIL CITY May S-Nauouai Transit corateAtes Snsns
s2Li highest s21s lowest satS closes: 800
ans 900 bSrrels clearAnces 900 barrels s,I
7aois barrels; shpmenta 6hSSs barrels ruaA 0"''.
barrels $4,000,
PrrrspuRe May sPetroeum dull hu STEADY Ss ,Ss,s
Transit Corthcses opened a. S2b; eoSea sSSi Hs1N
S2rs; lowest s2is .,a..,..
RRApyoen Penn May a-Naions Transit Csrinse sLs
opened at sSA closed At sass highest sss o~e's ''|
Cle0ranceS. - bblA ....,.s
TrrusvtLIK Penn NAV o.-National Transit Ssrnu's'~
opened st s2SsI highest sfs lowest sSSi eos'a 'AS