Sunbury American. [volume] (Sunbury, Pa.) 1848-1879, 1862-03-15

| STATISTICS CT rHg Psrrstirn TR.pt-A
| special meeting Of the Board Of Trade wn. held
last evening. Mr. II. e. HI kok made an rd
,lress on the subject ofthe PETROLEUM wells Of
! western Pennsylvania. He referred n the fact
'h', in two yeas he had only seen two PbiIs.
deIphisns at the oil wells Nearly allthe oil /,
heine got out by persons from Other States, tho
first refinery having been set up by a compsny
from Pontiac, Michigan. The supply Of oil is
believed TO lie enexhsus,hle. The oil field on
oli creek Is confred TO limit Of Gbout nine
mics, square. Al the wells here are fuu,t.in
welIs. He saw lately on Oil creek, $50 barrels
IN vai'; / 900 barrels at station on the Pha.
| deiphia and Erie Railroad, and 1000 barrel.
at OIL station, awaiting shipment.
The weekly product is now II, 900 barrels,
and there is no well where twenty might moi he
sunk. The wells might he made to Yield 200.
600 barrels week. The flow OF oil seems to he
increasing. The Braeley well was eleven
months in process Of being bored On the tay il
was $40 fee, deep il yielded G33 barrels Since
last September it had yielded 43O0o barrels and
$1,000 barrels of waste. The Empire Hell gyes
1000 barrels per diem
II is believed that the deeper the wells are bored
I'LL 1907 feet is reached the more oil We shall gel,
All experience shows that the lower We go ,he
more oil we get The Birman oil field, in Jndo.
res per annum from time immemoral. Tbi.
field covers space Of five miles by three.
II IS very difficult to make vessel that will
hold petroleum securely. | have often seen i,
drawn through the head Of good cssk. hy the
neat ni The sun at the rate Of gallon At hour
In summer all our flowing wells are closed
up.
On Oil Creek, from It's mourh 10 Titu.ville. g..
coo 600 feet Of lumber have been used since the
oil business commenced, for buildings. &C. Tho
amount of capital invested has been rearlv 80.
SOC,0o0 in two Years Al present. most Of the
oil goes to New York nv wav Of Buffalo. although
Il is nearer TO PhaaeIphis by nay Of Pit,sturc.
The present pipe hill before the Legislature is /,
snake scheme. gotten up hy some New York
SPECTATORS. ThCv propose 10 convey the oil ~
a pipe from OIL Greek 10 Kiuanirp, forty riIe..
but the real object is believed 10 be TO secure tho
Whole oil trade from New York Ctv.
he demand for this oil Tor illuminating pur.
poses mas hcsn so great in New York that tho
lamp'makes have been unable to supply their DE-.
mand. Last summer ST. Paul. the speaker he'd
seen the oil used in hoiel at eighty five cent.
gallon and was cheaper ,hnn gss at that.
Al the present time. crude PETROLEUM /, worth
forty cents a gallon in Liverpool. and is -or,h
one cent gallon at the wells. A letter. recently
written by our Consul al Antwerp say. that the
oil - fss. coming into rse in France. The csti
mates OF the demand for this wear are 500 non
Nar-els for the Pi,tshurg rsfnerirs srd 100 600
barrels for Freneh company. Re6nerie, sre
sprlrglns Up all over tho countr,. There are
twelve IN Erie. twelve 10 venaneo county and
several in Cleveland
Inc speaker. in sUuliUg 70 the different uses
- which The oil could be put, said that lie had
been nsnut'ctuied from il. i, being preferable
Tor thar purpose 10 the whisky exported TO France