The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-04-14
OIL REACHES A HIGH FIGURE.
The Excitement I'm Pc, roleum Contin-
ues-An Advance of o2 Cents.

Pittsburg, April 13.--Ofl continued its
upward course today. and seemed TO he
fulfilling the predictions of those who
said IT would go to s. before the week
was out. At the opening the Standard
put its price up 25 cents, to Sf75 Nav
options opened sl.75 bid, and first sales
were Si.s5, an advance of Is cents over
the closing quotations of Thursday From
sl.s3 IL broke to Sl92 and at 1890 81 asis
was bid. In the first five minutes OF the
trading 10 coo barrels OF May options were
sold. and there was some trading in cash
oil at $l9lA. Although there Is great In
terest in the upward trend OF OIL there
Is little excitement for the reason that
nobody hae certificaes on which TO trade.
The new producers association. competi-
tor OF the Standard in the refining inter-
cts. Is having rather hard row at pres
ent. They are obliged 10 buy crude oil
al high prices, and sell the refined pro-
duct at low prices. From 1o:30 until 1890.
the close, the market was strong. Just
before the close 1900 barrels of May OPP
tion were sold at s.. and the prediction
OF many oil men was fulfilled. II then
reacted 10 s1asi9. and closed at $3.50 bid.
The net advance for the day was 81 cents.
for the week % cents. The Atlantic Re
fining Company. the refining end OF the
Standard company, today advanced the
price Of refined / cent n gallon, or 80 cents
a barrel. This advance was made on the
basis OF $3.50 for crude oil. and as the
Standard today put the price OF crude up
. cents, there will no doubt be another
jump In prices OF refined oil Monday.
on City. Pa. April 13.-The advance OF
. cents In Lima and Indiana oil yester~
day was followed this morning by no
tice from the Seep Purchasing Agency
that 1t would ray 81 Is barrel. This adj
vance of - cents from Thursday prices
had a prompt effect on the speculative
oil market. The long period OF stagna-
ton preceding the present advance OF
nearly sfo6 per barrel for the commodity
had driven a majority OF the brokers and
specuIators into other business and 10
other portions OF the country. bnt half
a hundred of the old guard that have
stood the speculative battles and the
storms of specuiative adversely from 1870
until now are reaping a Wonderful har-
vest OF good round dollars, as this rs the
only oil exchange left of those once es-
,ahlfshed at New York. rittsburg. Brad
ford. Petrolia. Parker Warren and Titus
Vile From all over the country orders
are coming from wouid-be spectators,
attracted by the unprecedentediy great
and steady increase ia prices. The limited
number Of certificates. about 10 In all.
nrevents dealing In extensive lots, but
the width OF the fluctuations more than
makes up for any discrepancy
or uondav the market closed AT 81 .3G,
and a. lI.ls today ~ was selling at 81.
an advance Of es cents, more than %
c.r.s a dav for the week. Although
there was some realizing OF profits Thurs
day and today. the majority of the buy
,nr today vas for speculative Investment
The market opened excited and strong.
With sales at 81 80. or q cents higher than
on the evening OF Good FRIDAY. IN less
.t.n ten minutes after ths opening. sales
"A bnen made at 81 a. and issAs. There
as a fair volume OF trading. and no
a,grs Of break In the bull movement
| At 10 prices advanced to 81 '-'ia, and -
10 a. m. 5000 barrels were sold AZ -
! The close was steady, with sales al u-ss
bid