New-York tribune., 1890-05-26

of the recent free movement Of deliveries has. 1t Is
understood, been due to the replenishng Of seaboard
| some shrlnkage in net stocks this month, but
| tlnuance Of such movement is more than doubtful,
oven II there is only slow appreciation in tho
volume OF yield. unless consumption takes oil literally
for the next & Jew mouths bensse Any ang g on in the de-
the seaboard would reduce the daily rate OF the do,
liveries. Late in the week good wells were re-
ported from the districts northwest of Pttsburg Penn,
while strike across the West Virginia boundaryme, in
teroy M9F o%a the we vSa St
handle.' No part of the news was sensational how
upon to confront susher" of cabre of 100 or
1000 barrels per day.
a strong support to the position of crude has been
the excellent business lately done for export More
quiet transactions marked the end Of last week, but,
good prospects of frequent periods of activity on
through the summer. The export movement Is
steadily creeping up to the record of last year. The
volume Of exports however, still somewhat behind
that OF year ago the movement from January to
date being l96I37 900 gallons decrease of l6o43,.
600 gallons, equal to about $4,000 barrels crude
The partial returns of the pipe lines for the arst
barrels in runs compared with full averages Of 1893
iS9 9arrels bar in Nay 1855 and $500 barrels in
.2,Sl2 barrels in May, 1850: 1874 barrels in 1888
May to % Charters to the 2ad were as % follow '
Total ss E- iSs is, Dssr ss 6; .: g s.
Az per day S5 "a "a s4I55 G i0G59 s4sef
We nave noted 50 fully above the leading elements
WHi'h impaired a bulSh tone crude certificates
Elst week that little further need be said OF tho
speculation. There va, sharp continuous advance
lVin ~ J5 cents at the opening to 9G II cents for
regular delivery at the >IOcK EXcnangc, and tho
optlohs iCllOWcd from 81 to 9G L. cents. There
was OhIy a moderate increase the amount of deal
lhEs, but the buying while comparatively small.
conducted 50 rclcBles>y that Western shorts
became pllcky buyers The movement originated
III inc SlOck EAchangc and credited hrgcy u
Il WellkhOwn railway share operator. who has been
supp sea Ia be long Of certificate, ~ prices to
the dollar mark. Liberal taking If profit, ON Tuesday
ana Wednesday cal,8ed reaction - gl If cents,
but support was furnished prevent the break from
extending furthcr There a rally Of over > cents,
ana at the END the price but > Il cents under
the Top notch. There has been widening If interest
IN the speculation. and the lae dealings showed I.
considerable dimnutlun i'm volume. The bnlsn
sentiment has not wholly Disappeared bnt il j. based
largely on belief IN the ability of manipulation 20 force
further covering of shorts. The close va, heavy and
the next important change iH NliHc, may ro~t upon
developments from the Held. should these not prove
uhiaN1rablc q further rise be tctomrii he'd.
The range of Prices and the total dealings in
National Transit certificates at the stock Exchange
and the Consolidated stock and Petroleum Exchange
Tor the last two week, were az follows:
Week ended MAY II. Nav a. Nav ~ Nh D.
Iighn,gt iIilgihng ''.-..''... 81 81 sSS'. ~ 50.
i.pN 81 S1s .lJ-
Sales bbl-...-. 1900 00G 100 1,0l4OOO 33f 900
Refined DetrOlpul early i'm th, uscL w. IA actva