Morning journal and courier., 1882-02-13
Price Four Cents.

proachful look on the weeping son. and in
| the well known voice came distinctly these
| words: ''Oh, why did You bring ne back ?"
| AS soon as the awe-stricken group could re-
| gain their presence of mind after this ap-
| palI1ng scene, they Immediately administered
| restoratives to the patient. Subsequently,
| the minister left him, very weak but still
| alive He was sent for by the father himself
| the next day, who gave him an account of
| his death (as he evidently believed il had
been) and the experience to the time when he
was apparently recalled to life. He said
"When died 1 first felt sinking, going
sensation. I knew everything going on in
| the room, but could not speak or move my
lips. Then all was blank. The next
thing l remember was being in q
dense darkness, seemingly in a tunnel,
through which l was being pushed.
There seemed to be two forms, one on each
ide, pushing Z along through the tunnel
and appeared to move as if I was floating,
touching nothing above or below At last
it appeared to get lighter, as though we
were nearing the end of the passage. It
grew brighter every moment, and then L
seemed to observe two shining beautiful
forms on each side of me. I had a feeling
of perfect peace and well being, and heard,
as though it was part of the space which
hoated in, the most soothing and
delightful music. I have been
great sufferer, and the feeling of rest and
freedom from pain was the thing 1 noticed
most in my new state. I remained short
time In this blessed state, when it seemed to-
be disturbed by voice in pain, calling on
me to come back. If they had known how
much better I was, they would never have
wanted me back in this weak and suffering
body"
The man lived several days and then died.
as his family sincerely believe, q second
time; and, remembering his solemn words as
L.
Whether the man was in syncope, from
which the piercing lamentations of the fami-
ly aroused him, or whether he had indeed
been permitted to return after a glance at the
glories of the great unknown, none can an
swer but one thing is certain, that, for the
space of several hours to all intents and pur-
poses, so far as the doctor, the pastor and
the family were concerned, and so far as all
outward indications are agreed, the man was
dead.
Speculation in oiI-uow sales are Made
In the OIL ExchaBge.
bradford, Pa, Correspondence New York SUM-
In January 20, SS5, 900 barrels of petroleum
were sold on the Bradford Oil Exchange
%, 1853 900 barrels changed hands in Oil City,
and on the Pittsburg ExthanRe II, Al 900
barrels were sold, making a total of G2, 1884,
600 barrels at these three great centres of oil
speculation. The amount of money repre-
scented by the transactions was nearly S5O,-
600, 900, the average price of the oil during
the month being about so cents e-bsrrS2s
Oil City has always led the quotations, and
is the oil specializing centre of the world.
Bradford is gradually advancing to that po-
sition.
The oil bought and sold on the petroleum
exchanges is actual oil The basis of all
transactions is pipe line certificates The
United Pipe Line company and the Tidewater
Pipe Line company are custodians of all the
oil produced. They connect their lines with
the oil tanks at the wells on application of
the well owners, and, after gauging the
amount of oil, run it to the pipe line storage
tanks. The producer receives certificate
from the company. which is his voucher for
the amount in tank These certificates are
put on the market. At the beginning of the
year the United Pipe Lines held &c.
600, 900 barrels of oil represented by
certificates. The market price of crude
oil is always the price bid on Exchange for
certificates. No bid for less than ], 600 bar
rels is received. By rule of the Exchange,
the brokers' commission is one half of one
cent per barrel Thus, if q broker buys OIL
at so cents for a customer, he charges il to
him at SOL. Oil purchased may be delivered
at any time within three days at the sellers
option The margin required in specializing
in oil is $3.50 per 900 barrels. These mar
gins are deposited in the bank. The margin
slips, certified by the bank, are as good IS
the bank itself. Pipe line certificates are re-
ceiyed as collateral as readily as government
bonds. After oil has been in care of the pipe
line for thirty days, it is called ''old OIL"
The pipe lines charge averages about city
cents q day for carrying oil. When this
charge is paid, slip testifying to the fact is
attached to the certificate. The oil is thsn
called ''freshened. and goes on the market
as new oil.
The low price of oil for few years past
has greatly stimulated speculation, and the
commissions of the brokers are paid by the
laboring man as well as by the millionaire
The oil market is influenced by the most
trivial causes The report that some one has
struck hundred barrel well in Allegany
county will give some clique of bears OPP
portunity to show that the market is to be
flooded by rush of oil from new territory.
Prices go down, and the clique takes in the
oil that frightened spectators sacrifice.
Then a report that wed in some part of the
oil region has ''come in dry" viii send prices
up the strength of prospective scarcity
of oil. These ''durries, " as they are called,
end as suddenly as they begin, but they are
repeated with remarkable regularity. There
is at present formidable bull movement
in the market. The evidences that
the flow of the Bradford field is declining are
now unquestionable. The new Allegany
County field has reached the limit of its pro-
duction, and cannot make good the Bradford
decline. The bull element in the market,
although opposed by the Standard Oh com
pany, which is naturally on the bear side,
being the principal buyer of oil, has steadily
advanced prices for two weeks. and has main
tanned a market of unusual steadiness.
The rich petroleum brokers' nearly all arose
from very humble beginnings. II. L. Foster,
whose commissions have amounted to &c.,
900 a year. came to OIL City six years ago
with Sc in his pocket. Dan Goelet of Brad
ford ten years ago was bootblack and mes
senger boy. Five years ago he had saved
enough money to speculate in OIL
He developed nerve, endurance. and
to-day he is worth half a million.
One of his transactions was 70
take the market against powerful combins-
ton. After forcing the price to 81 o3, he
sold 20O, 0OS barrels he had previously bought
making, it is said, $I63. 600 profit in few
minutes. ]. J. Fisher of Oil City, is prob
ably the stiffest broker in the trade. He
operates for DIR. Hostetter, of Pittsburg. who
carries hundreds of thousands of barrels Of
oil constantly, and for other capitalists In
the early days of oildom Fishers operafio1s-
had as much influence on the trsde as the
Standard Oil companys have to day. Henry
Lewis, of Oil City, is generally believed to
be the buyer for the Standard OH company.
When be bids for oil no one pays any atten-
ton to the bids of other parties W D.
Archbold, of Htusville, was formerly q
preacher. His brother, John D.. of the
Standard Oil company, brought him into the
business. His commissions have been $780,
600 in three months.
A southern Gamblers Traits.
IFrom the St Louis EewA1
Colonel Starr, who was arrested q feg days
ago fer taking part in a confidential poker
game at St. Louis, was the friend, compan-
ion and conidant OF Charles Miller, known