, 1865-09-06

~. :. 80. ogLDom.
A flowing we'll Of oil intelligence will bo
'nund IN this1 issre tof the TRIBUNE, which
viii, doubtless, be eagerly perrsed by all
ciasses OF our readers The fucts arc Of 80
wide range as to s1atily the most diverse
views. Arc you bull in oil stocks, md de-
siFous to bc checreds There arc twenty new
oil strikes reported and located In Pcnnsyl-
yania, West Virginia and Canada. Are you .
a,art The famous United Statcs well, or Pit
hole; tas Just stop flowing, afew days after its
great ncis1lbor,~ the Homestead WE'LL had
given up the ghost. Mnltitudes will be en-.
cournged In their operations b5 these new
strikes. Many Will read afresh the warning
TINT wells may .be short lived, and especially
tllat great flowing Tsl1s, like tiose whom ihe
gods love, may t'die young" This column
of news thus includes m unusual variety of
facts-on the theory Of Oh wells.
As 10 the new strikes, they WIN probably
be nunczons within the next sixty days. All
summer and from early In the spring the well
borcrs have been busy. The result predicted
ut the beginning Tor - sixty days at the out
side," By rcagT directors and sanguine super
tntcndents, has been. postponed week after.
week until months hare slipped away. Re-
motcnoss Of the wells, the pcrrcrsity Of tools,
the thousand aud ono little 1nishaps aud nc
cidents have Worn away time and fretted the
patience, and only nov are tho wells begin,
min. to be heard from. Most Of them will
never be heard -lpu.- They viii 1eare no SIGN
beyond dry hole topped by crumbling der
rick. The most enthusiastic oil hunter ex-
poets these blanks. But the immense number
Of ventures will include very many prizes,
and the drawing has just commenced. The
interests Of many Of our readers In oil opera
tions to a greater or less extent will make
these reports Of returns on Investments In
boring operations a most interesting topic
of news for the next sixty days.
"A letter from Pitbole, from an Intelligent
correspondent, comes In at this jupcturc to
give clue 10 the catastrophe Of the United
States well on I1tbole.; He presents LIST Of
three hundred md twenty wells now being
sunk on six adjoining Pithole farms. The
territory has been oycr-bored- Its impr1s-
oucd oil product, and the gases that aIr the
pumping power, have been given too many
vents. and the result Is precisely what over
took Tie Homestead we'll last week, and the
~ 4x -. az, <,-,,l. . .f,,r xra,E. nro &ha
eo4ue..1 W ~ .s,',sa. s;,,.tor ,,o,,ids 1,ons
aaSs oaua "a eI Es,. ~ 80 s,.ar 49,
~ ta tus Nea's: - .a..raas .I1,s res,,1fs a.,
-cady reached By the freshly suspended wells,
| and their predecessors in tue bankrupt LIST,
ae aus ~ sr aa.tts; ~ ~ aa,r . ~. r.ar,,
Em.s oas ;, :. -. ,.s.e ,1aas +,,f1n ~ hars - rar
!aotn e. ,.a.:a..,.,.
10 no' Pay wv - se.. ,..... ~ $3.50
shafcs' y ~ esse nue. sua Na.m ~ M su s!1
'hes o'sseu oa 'Ae, 1nAs W.. e'Att 40 -''ie
ana 'ne "a''!ps ~ ~ nso. tsa ;r. a., =,
IL ee1" eoaeas4s - s.,1s ~. -.
tsi'lt ssa " -, 49, asass ~,
oene a 49,. ~ .,.a,7 s,s,. t.ns t,,a o;1>hsar
tnoee. .s W." 81 sA sa.1H t1ss ~
mg eli1ts apu 's's - sus ~. 49,.
cndangcr ono another For this there Is NJ
remedy. Leases IN the vicinity Of great wen
will sill be sold at e1travagant bsnrcs by 81
who do not own these wells, and bored WIN
ont stint by their lessees, who VIII be con
tented with their strike II It drains all I'll
wells In the nesghborhood dry. There Is u
help for It, 1t Will tend 10 mike all sue
wells short Tired, bnt If only paid Tor as suck
their owners will still have too good thin
10 be objects Of active sympathy, II win onl
induce jcslous dread OF new wells near sur
cessfn1 ones, and the protection Of the latte
az far as their owners can accomplish II
Every fresh secession Of such iacts adds to III
solid data On which the oil theory VIII b
built. One aftcr another they are falling int
line, partly confirming, but more larEel
guiding, tie deductions OF science, Which vi