New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-04-19
ST1NDdRD MARKS UP OIL-
SPECTATORS FEAR To FOLLOW THE BIG
CORPORATION.
TIL, pprc,, At pl.HcHAs1NG AGENCIES ADVANCED
TO $50 \ BARREL FLUCTUATIONS
OK TIE EXCHANGES.

TO s. 60 \ BARREL FIJI 'i' All'N7
o.; THE EXCHANGES.
Pittsburg April lS.-The startling feature IN OIL
circles today was the Advance of 10 cents pr'e''
or s. go postcd by the STANDARD at their Inherent
,,,rob,ein, AGENCIES Notwithstanding yesterdays
big slump in Exchange prices. me sPec"id''N"
,,1rtot opcnod at e. % bid for the May option. or
- cents lower than the price fixed by the Standard
After it became known however, that the inoh'p-
oily thought pretty we'll OF OIL the Exchange mar
kot was bid up to s. = .. While this advance WAS
t1lsint, place on the Exchange very few trans
actions were made the price being simply bd mp
uv Offers for small lots Of from to 500 barrels"
Toward the close the market again became weak
and oil was Offered low as - 40 JUST before
o'clock Ia this w.1c huctuation in price pr"na-
bly not 1900 barrels We're traded IN. IN" 1ar' Ua'
tho standard controls tho bulk Of certihcat's
leaves very few outstanding for speculative Pur-
posts These few, however seem TO make very
wild markets Il is plain 10 hc seen that the mold
crs of these outstanding certificates get bailF
frightened if th.y bear rumor that the Stahl"ri
- liable - rcIuc. IN" purchasing price. TN" 9'ahd-
ard however 81. taking all oil Offered at - Co. "ni
IiI o. greater business az the local purchasing
agencies to-day than at any time since tn" '"-'in
began. one firm sold &i"a0 barrels mat il ha nee"
holding receiving 2'N4oo for the same Many
others received small fortunes Tor their Crude
After the Exchange market closed this afternoon
new. was received that Murphy ana Jennings h'l
farm. in the M,tir,g.r district. Doilrdge COUNTY
W. Va. IL f. higA-era !e crulo Tho wei Is '"hd
cat" pure auI simple, being i'catrl about IN" cen
tire Of ;ac farm. which contains 100 acres ana is
fully two miles from any previous d"veiopm'n''
Whether this VIII cut any figure with the ENchinse
inlrtc. ,0-iuJrr VII Dee wItcacl with interest
II the STANDARD maintains to-ly's price there is no
reason 20 believe that tn" yushcr VIII cause break
in the "'liaflNc market. ,
T. i. N4nItrErIit Il prominent OIL man. was asker
his opinion thc market today. lie sail II Z
all right bat afraii rs too high. II VIII start
Up operations ana then there " u Dee decline"
In tho surrounding oil folds the 'Nclicment con
t!nucs and every is trying t. l1cdt" an Oh we'll
even if 81 VII. only run few barrels lay.
C.ove.1nI. Niri. l,.-A dispatch 20 "The Press
from Lima say: Lima oil remains steady az
81 p Il barre, The Eastern market advanced 10
Pennsylvania, s Co. Collins = g.. anl Barnesvi.!e
and Newcastle. 8 %,
s dispatch rom Fiudny says. IL H. r'imored
that g Harris hl, sod a. his oil Interest 20
the Siau!arI pN company FOR 5000" Harri' re-
fuses T, deny or affirm tae report. Harris is the
heaviest producer in tht OHIO d. - ana controls
vast amount Of tooi territory
London. ArrG ls- Interviews were obtained by
The United Prs today win members n the lead
ing firms dealing .u petroleum. who ar" unanimous
ln saying taat th.y a' mo-, ssr.- that I'D VIII oyer
return 90 ihc joss prices which h4fe r4l-i iu recent
years They go rrt u-li'tr tlIt th. present boom
vlu East longer thau three roa'hs WHOM thu
Hu-sifr producers "ll ltr" ~ -r"lr"i ipi"- ~ ~
a..r..lsr 't. ruu-IWi'o Tt" neral belief 's ttr
OH. commodity VI f.ftu friuI'-- d" Euroi' longer
han iu fac riirI States I.I illt tIc pric" HiiI
ultimately range about "a dollar a barrel