, 1865-07-24
GIL AT PITHOLE.
R1Tal Interestx-Sl0O.OOO to Buy a
Party on.

lCoErcepondelce Cleveland Hefa!d.l
Developments are going forward very rap
| pcsits elsewhere On Pithole than on the two
farms to which they are at present confined.
I At present there are five flowing wells on PIT
hole within an area Of about threc-iourths of
mile up and down the creek. The Holmes
tead well is regarded BY many as the beat
somewhat by two wells that are going down
very near to It.. The Island we'll flows md
pumps both. The Homestead welt was agI-
tated by pumping rs much as six weeks be-
fore 1t begnn to dow. The Island well, which
Is nearly cast Of this well, has been pumped
but little over two Weaks. It promised to
be hetter well than the Homestead, as It s
already yielding more than that did when it
was pumped. The Island well is contested
By several parties claiming the royalty.
Some four or five farms corner In lts vicinity,
ard COM iderable dcubt may therefore exist
as to Its locality, when the rough and inac-
are considered. The United States Company
claim that the well is on the VIM. Mckinney
farm, which they hare leased, while the Pit
h"le Creek Company claim It to be on the
Ball fasm. As the pstze is worth more than
q half million for the free interest, the con
tied remalnB to be seen.
Another difficulty, which, for time has
looked more serious and threatening, is that
on the Rucker farm, Immediately bcloW he
Thomas holmden larm, On which are three
flowing wells side by eide, has at Inst been
settl.d. For time, three different parties
farm. It was originally leased, then con
tract Of sale made to second party, aud
finally sale made to third party. The
second party have violently contested their
claim up 10 yesterday, when in order to avoid
an further trouble, the last buyers agreed to
Pay them q one hundred and seven thousand
dollars. This was 3 large sum to stop the
tmpottunate btawling Of men who never In
vested cent in the farm. Williams, the Of
iEinal lessee, still insists upon hts claim.
which "a declared to be invalid. He will
probably be bought out also when the farm
l. Zee from al obstacles to its development.
II ia regarded as very valuable property, but
as set no well has been struck upon it, the
nearest being ten rods above on the Holm
den farm. The cost to the present owners
Of the property has been nearly four hun.
dred thousand dollars, half the value Of Qpe
good flowing well; Developments are going
have been no 'sstrikes." Oa 3lcCasln Run.
two miles above, the New York Con,nanv
are putting down twenty wells. On Hynes
Run, on the Boston Company's land, two
wells are going down, one within thirty rods
Of the Hoimstead well. This is the Buckeye
well, and Is partly owned by several Claye-
lard gentlemen.
[From The Pittsburgh Commercial, eoth.1
4 correspondent writing from West Hlck. |
ory, says that the oil excitement Is rutpine I
ground In that direction, owing to its prox.
Unity to Pi,hole. The number Of wells now
In successful operation, and the oil fouud is \
much heavier aud more valuable, and obtain !
ed at much less depth than elsewhere, The
well at the mouth Of West Hickory is now
yielding twenty five barrelsa day, lub.icattnf.
oil, which sells on the ground 81 80 q barrel.
This well is only ITO II feet deep--tlrst asnd
rock oil. The White farm well on the sams
ceek is producing twenty barrels. 4 good
well is reported within ten miles Of Tideoute
about eighty barrels. The Economlte
wells, opposite Tideoute, which hare been