, 1865-09-03

TIE. HOMESTEAD WELL STorpEp Flow
ISa:-Thc Ptttsbuzgh Conn,ercia! Of the LIST,
tas an Oil City despatch, which sava:
The Homestead we'll, On the Hiucr Farm,
Pit Hole creek, has ceased to flow. No par
ticu1ars. The Homestead Is one Of the Oldest
wells on Fit Hole creek, being the second lasxe
well struck IN that highly favored locality. Il
mas flowed with great regularity at tho ~ 4
Of five hundred baTse(a per, dsp--o .or The nasf
pany' N -
!. WE'LL NustnEH NINETEEN, on the Holmden
Farm, Pit Hole, d now reported to be In excess
Of tho United States, IN 1ts moat palmy days,
Many wells on Pit Hole are at depth that viii
soon determine their value, and NC look daily
for exciting and stirring news from tha1
quarter.
On STRIKES on CHERRY Rus.-A Rouse.
Fille, Pa, despatch of the e9th announces thai
| on the day previous q three hundred barrel
was struck. It is about half mile up Cherry
Run, within fifty yards Of. the Sucker State
well. The well No. ], belonging to the Rouse
vile Oil Company, is producing about seventy
barrels, while the No. Chesler Is yielding
about twenty barrels. Since the late strike
started up. one Of them Is lie Tatci, wei, i' .
little below flumer, which Is pumping ten
barrels per day. The Read well fs pumping
but fifteen barrels. The new wells owned BIZ
the, sane company, and supposed to have
strnck the samo vein ns the Read well, arc do
fnc finely. Ono Is flowing fifteen barrels aud
tie othes one hundred.
. TIE W1sv1Sa NuMDgR.--As illustrating
the rapid rise of property at Pit Hole, It Is
stated that John Warren, Of Buffalo, now q
resident Of Flushing, Long Island, In autumn
last paid one hundred dollars for ten acres of
land on Pit Hole. In the winter be received
IN cash, for the same ten acres, twenty-scrcn
thousand dollars. From another one hundred
dollars he received about one hundred ana
forty-fye Thousand dollars, and from nine
| hundred be received one hundred and forty.
three thousand dollars. :
STRIKES on nENNEy's RUS.-A correspond.
ent writing from Denney's Run, Venangc
| county, predicts that locality will eclipse Pit
Hole ere long. He says every well put down
/ McKiel well, the first one sunk on the run
| has flowed from fifty to sixty barrels per day
i since first struck, and the Xix we'll lately
| struck, flows about twenty barrels per day,
| and another we'll, struck within day Or two,
| gives Indications of being cqual, II not supe'
| Tior, to either Of the aboVe named wells"
| CAxApA on. NEws.-A gentleman just re-
| turned from the Dawn and Camden oil dis.
| promising. In the Potowatomie Company's
| wen, before coming to the rock, very good
"ahow" Of oil WIS found. Gas Is Eery abun.
tlant ali through that section, 80 much 20, q
to occasion great deal Of trouble to the
| workmen.' The trouble, however, Is counted
as nothing, In view Of the favorable fndica'
tIons ehit gives Of oil down below. The
clay appears to hare. Oh to some extent
through It's whole mass.
WEST VIRGINIA On lTEsIs.-The Wheel
iug ;En&e7sdeneer say8: Tho Secretary Of the
Toledo and West Virginia Petroleum ant
Mining Company, which is operating neal
| Burning Spring, Writ county, says our hrs'
attempt to mine for petroleum in this State
has proved successful, our superintendent re
| porting well of full seventy.five barrels pei
1ay, st depth Of only three hundred ant
four feet. =, - ::
| Oh. OPERATIONS IN EAST TENNESSEE
The Nashville Union says Gen. Mi1roy ant
other officers haye formed tho "Great South
western on md Mining Company" and arc tt
develop the oil trncts in Smith county, thei
machinery being now On the ground.