The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1884-10-15
A VERY QU1CK,DRoP
In OH In Consequence OF the. Doings Of tho
gl-GslNh Hl.le Christie Well. ~ a,lst.si II

.... H#+-II NuElbt16 " Gle f5 ~ 81 ..as
" PirrsRuRGit, Oct. l4.-Thc Christie well
dcmoralized the oil market to-day to the
extent Of about five cents. It, is the most
remarkable well which has, yet been
struck. At s O'Clock this morning it was
doing 253 barrels an hour; at 9:2O it was
doing 2OS barrels; at 1920 it did 200 bar.
rcls, and at 1l:2O itincrcascd to 2oo5 bar
rels.. This has not affected tho flow Of the
Phillips well much, for it is doing s5 bar
rcls an hour. There was great deal Of
excitement on the Exchanges during the
morning and large amount Of oil was
sold. The market opened at 6Gc and III a
very short time fell To u 4c. Then it rose
TO 6oc, at which figure it stood for some
time. During the morning there was q
personal alteration between two prom
inent brokers IN regard to transaction,
md the matter will he taken before the
Arbitration Committee for adjustment.
Mr.. Henry Fisher WIS on the floor today.
He says that in a couple of weeks the firm
will bring in some wells which no thinks
will be big ones :itl s5gf h. ~
A gentleman Just in. from the Butler
(Thorn Creek oil field this morning is
very enthusiastic over the prospects there,
and puts things differently from the above.
lie makes much Of the fact 4 that the
Christie well is doing 200 barrels an hour
without affecting the flow from tho origi-
nal gusher, the: Philips, only 400 feet
away, and says this is the$best indication
Of the staying qualities Of the territory.
lie admits, however, that the slefritory is
spotted or runs in strcaks, %. !. is Shown by
tho fact that tho ShcidnlnntfeATell
il dry. At No. 9 SenIple they
have been much troubled with salt.
water, but are overcoming this difficulty,
and expect tohayethe we'll completed by
the latter part OF the week. AT Scnple,
mo. they expect to strike the pay streak
tonight or tomorrow. They have big
show. Of gas already, and II they get good
Cwcll it will bea gusher. The Johnston is
good for so to l0Obarrels OF heavy olllrom
| the second or l00-ioot sand. ~ sli y
There is good deal OF gossip about the
Phillips Bros getting control of twelve
acrea of the Cbristy lease on the Barckley
farm Through the decision of d commission
appoiGted BY court. The Fishers arc still
ulIlllIIEt III tACtE " CAS, AAA uli&C D<ts1 'oec
ol salt !,wrter<>ir their No. i on the Mar
shan farm: Ia their No, 10 on the Wal.
lace farm, 4 they are iGnot yet in the
stray $sand! 1T is Gof the singular
ieature5of the field that on the average
every other we'll has salt water and the
intermediate Zones none. The Christie
well was doing this morning-from 3 to s
4. Ma steRdy average Of o40 barrels.
Later it did a5l barrels, and is the largest
well ever struck. The Baldridge Oil Com
pany, the pioneers OF development in the
Butler field, have been unlucky. They
have punched holes Nil around the Thorn
Creek field, and got d good many wells,
the best doing about 525 barrels, and miss.
ed entirely the most! prolific streak. A
j gentleman who is interested in this field
advances the theory that the Phillips and
Christie wells have been struck on the pay
streak, where it has narrowed down to Id
smallest possible width, and that the WE'LL
struck0n it, while big at the start, must b,
necessarily short.lived, ~; g &,