New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-08-19
TRADING IN OHIO OIL.
NETWORK BROKERS SATISFIED.
NO BOOM DEVELOPED, BUT MORE ORDERS FOR
BROKERS'.

There was an unusual crowd OF brokers around uie
"bulrngv OF the petroleum department OF the Coi-
solidated stock and Petroleum Exchange yesterday
The number Of onlookers in the lobby was Increased
The attraction the starting of trading In Buckeye
Pipe Line certificates which represent the OHIO crude
oil held by that organization. The oil trade mas iohs
peen suffering from extreme dulness, and there mas
been an active agitation the Exchanges looking 10
securing an opportunity to trade IN Ohio "a well rs
Icnnsy ylvania oil. Prices at the STOCK EAChailec'
which also allows dealings In the new Buckeye certl
Gates in its unlisted department, opened AZ Z. Ia
per barrel Is cent and then fell 10 50 l.
cents, closing at AZ Ia cents. At the Consolidated
Exchange the price at the start was 40 10 cents
sales made between Al and 80 3s' ana the
final quotation was 40 IS cents. There were larger
dealings than have been recorded In some uic' p"o
the general crowd Of brokers were disappointed DC
cause prices did not go higher Prominent members
Of the Exchange Who have been interested IN the io
walton expressed satisfaction however, with the start
ing Of the business, and they look fOrward O ah III
crease I'm transactions.
PItt,buru Tenn Aug. 18 (Spccian,-A flood OF
Lima oil was poured the various exchanges to-
day. Not for many months has there been such q
crowd OF brokers around the ring aud such num-
Der In the lobby were seen this morning "Heh
rhe gong for opening the exchange sounded. The
new certificates were bid from 80 to ~ II, at when
price the first sales were made, and AZ IL was the
initial fglre for Buckeye certificates. >. = Pinker
ton was the first purchaser OF Lima. lie oouSh'
. 900 barrels 1000 each from Tracy and william
Robinson For the first hour trading was exceedingly
brisk and over 100 barrels changed hands III tat
time Then It quicted down, and the TACT was "
called that there such a thing as PenhSyNalla
OIL This reminder, however, resulted In only one
sale at 93 when Lima again shouted Inc
opening too high for most OF the brokers, anu II
RAPIDLY went down from ~ IL to 40 81, wheIe IL
hing for some time Again the tumult was renewen
and was kept up, and the market offered down 10
40 81 the lowest price of the morning session.
Sproul S Lawrence and D. Brown were S00u sellers
and McKcvy and Tracy buyers. Ncw-lorK was d
seller while OF City heavy buyer BroHers
believe that good days are with them again no
forul, action rs regards the receiving OF lima cfr-
tl0cates has been taken by the banks Dul UhVbe h
| onnears 10 be no objection 10 taking them Oh Ihe
same basis as Natotal Transit certificates. Inc
total sales were 100000 barrels, and the Close was
| made at 40 y. ,.
Findlay, ohio, Aug. Is CSpecIaD.-rhe Findiay vi
Exchange. with a membership Of 100 operators began
! business here this morning by trading IN the cer'''-
Gates Of the Buckeye Pipe Line Company. Inc mar
he. opeucd AT 81 cents and hnctuated between tha1
figure and the closing quotation. 40 L. business
,y, active and transactions covering over 4OOOo Dar-
rolls wore handled by the clearing house. me IN En-
c,n, received greetings and CONCENTRATIONS rom te
| cvrhaurcs Of Ncw-l Urk. Ptt>buiG, on 'lN anu iau'
tnri nm The announcement Of the opening Tor bu'e'''
| Cleveland Ohio. Aug. 1-.-An oil exchange Vas @
oro,ed M Lima, ohio, today. Inc saFS AT I'm"
1'rrc 1873 600 barrels. Opening, AZ l2c' he4eS''
/ - he: lowest, 40 3-5c; closed AT ~ '-oc'