New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-02-01
PETROLEUM. MEN DINED BY STOCK MEN
WESTERN LEADERS ENrERTAINED-A MOVEMENT ~

WESTERN LEADERS ESTERrA1SED-Am NOV ''NNA ~
LIST OIL ON THE STOCK EXCHANGE
Considerable interest has been exhibited In wall
A. recently over the efforts mado py numerous mon"
her, Of the Stock Exchange to secure tho admission
OF petroleum certificates to dealings ~ 'ns' 0o.
Tho movement eliminated yesterday IN sen0rou'
luncheon gfcvcn by some Of tho leaders 10 prom'
49,. an man wbo have come to this city to attend the
nrr.I mosnr Of the Conference Of oil exchanges IL
,rror.v supposcd that the dulness in railway stock
snecnlation contrasted with the recent actNly anu
variation In prices for oil certificates az tno oo
dated Stock and Petroleum Exchange, star'eu VIZ.
idea OF providing in oil new opportunities ior hn"e
brokerage or "soalping" fluctuations ior 'ho o'on
EXCHANGE membership Between 700 and 500 names
have been signed to petition TO the 1oScino, "
favor OF listing the Pipe Line certificates on tha' OK
change and the work Of building up this sentiment
has been conducted by Frederick 7. Brown, OF II. ~
Horton a. Co., H. X Enos, jenkins Van shaicR' H. ..
Morse, Of A. NJ. Kidder Co., and mehiDcr Vi 'no
firm OF DOmlnick & ID ickerman. inc ioos was =.
first entertained of putting fl nthe regular ns' 'u
the committee found, conference win o'nocr' VI
the Standard OIL Company that the certincaeos Pro.
nosed 10 be deuIt In were only warehouse recepts
g. . m.rchantable commodity and could not DO regis
tercd I'm the way required by tho Stock EXCHANGE
before Il admits railway shares within Its walls IL
I, now proposed to place tho Pipe Line ecr''no"'o0
I'm the unlisted department. -,
The committee which entertained the western OIL
men al tho Exchange Club In New-st. enlarged us
members by tho addition Of Charles /. Hudson anu
r. b. whitemore for the purpose Of perfccting their
powers Of hospitality. Tho menu could NOT DO oo
tanned but It Is understood that tho conference was
most ENJOYABLE ono socially and added largely 10 ING
knowledge of somc Of the stock brokers fosPecOnSS
the petroleum industry. some OF the loouar o a
brokers who are bulls' on the market surnhsoa
afterward that the stock men were duly impressed
With tho fact that there only 10000 OIL cernc aeS
to go around among all the members OF the iour VII
exchanges trading In tho cVmodty aho tle sus
gestlon was made that few cerihcateS ron inc s
Standards tn-boxcs might have boen onefed Ior
lean In case the Stock Exchange wanted 10 oeSih
business at once =, u-,,, Ia.
TO day the conference Of the oil exchanges vii 30.
gin Its annual meeting the session being heio hoIe
Instead Of at the West In view OF the TACT OF tho
recent admission of the Consolidated STOCK ana 70
troleum FxchaLgc to full membership In tho conference
and AT the agitation to place oil on the STOCK FIX
change. The committees are composed OF fIesI
dents c. L. Wheeler, OF the Bradford, H. l.. roster
OF the OIL City and ~ W. stevenson, OF tho Pittspurg
Petroleum Exchanges and two members OF each eA-
change. President Charles @. Wilson and two mem
hers of the Consolidated Exchange will represent the
New York board. The main points to be discussed
are need Of direct telcgraphlc communIca,loh Do
tween the Western exchanges and the STOCK FTchalgo
In case the latter wishes to deal In oil anu now lar
these privileges may be granted without detfiment 10
the Consolidated Stock and Petroleum EAchahse'