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Related Historical Markers
By Forest McDermott, October 25, 2009
Titusville Oil Exchange Marker
SHOWN IN SOURCE-SPECIFIED ORDER
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The industry's first permanent oil exchange was organized in 1871 by producers, refiners, dealers, brokers. Starting in the American Hotel on this spot, it moved to other sites; returned here in a new three-story brick building, 1881. Dissolved . . . — — Map (db m50496) HM |
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Titusville by 1870 had become the commercial capital of the developing oil industry. Oilmen realized an organization was needed to keep track of business transactions. "In January 1871 one hundred and sixteen dealers, producers, refiners, . . . — — Map (db m138226) HM |
Apr. 23, 2024