Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1889-10-28
1T COMES IN TO-DAY.
THB TANKS ARB READY FOR THR HANIL-
TON OIL WILL
And hs Petroleum VII bs Allowed to Plow-Ihe
Boom II Land Prices Conh1ues-Soms
Large SpsculatiOrs "A Piscs
Of OIL History.
Special Telegram to the Register.

| Special Telegram 70 the Register
MANYINGToN, W. Va, OctObr 81
ManniDgton's land boom as a reeult of the
oil strike in the Hamilton well is growing
apace, and there seems to be no limit to
the price put on oil lands. Bonuses are
now being paid far in excess Of the mos,
liberal offers, three or four days ago. I.
NJ. Jackson & c., to whom the Hamilton
well belong, yesterday perfected lease on
73 acre tract of land, one mile from the
well and paid 81 100, cash in hand. The
owners of the land are guaranteed one
eighth of the oil. A well is to 20 down
within sixty days, and work is 10 be COM
pleted within three months. This is a fair
sample Of the transactions that are beirg
made.
A BIG BOOM IN PRICES.
B. B. Smith has twenty acre tract OF
land within a quarter OF mile Of the well
and So. 200 bonus has been offered for
a lease on It, with one.eighth of the oil
The owner refuses, and expects that much
more liberal terms will be granted before
many days Another small piece of prop
erty on the edge Of town has not been
leased, and 1920 bonus was offered
Saturday, for the leasing privilege. Three
weeks ago, the property could have heen
purchased outright for lees than one half
that sum. A great deal OF money has
been invested in the territory by local
spectators, with the purpose Of real
izing by the ale Of their privileges TO
oil operators. Seversl bsvs already
made handsome profits 10 this line. OIe
well known gentleman of Manningiou has
cleared over 81 600 In this way since the
oil excitement began, and has leases on a
large tract of territory, which will make q
respectable addition to his gaius. A great
many o'hers are holding ON TO their leases
in the hope thst future Developments will
increase their value.
PREPARATIONS FOR NEW WELLS.
Preparations for drilling Few wells are
going on rapidly. Bur's Sons will prob
ably develop piec3 Of valuable territory
which they have south Of town. Con-
tracts have been already let TO q PiitsbuTg
OIL man to sink at least one we'll on the
land OF Hon. A. W. Knotts, and II ID prob
able that more than ons well will be
sunk, if necessary IN make a thorough
test. TIE Sou Penn we'll, which
has been gcing down near G.over's Gap Is
still delayed by the fishing job, and 1t i.
believed that the Company Will give up
operations there and put down a hole IN
another quarter. Tie well ia on the prop
erty Of the West Virginia Oil and Gas
Company, which is composed Of some very
prominent West Virginia politicians. This
Company hat:sa great deal Of territory
leased in various parts Of the county, and
it is said has struck q bonanzi in the |
ueighborhood Of OOlfax.
DEAL FOR GAS LANDS
TIE Marion Improvent Company, Of
which PittsbuTg oil men sTe the chief
Stockholders, has loc2ted a well near Col !
fax, and expect to drill for gas. A deal is
on by which il will secure control Of some
of the West Virginia COmpany's territory |
in that section.
The Hamilton well il ready to let in,
and to morrow will see the extent Of the
gusher, which has caused so much excite
ment in this region. Il is not safe to pre-
dict that it will not he more tban q hun-
dred barrel vel, but experienced oil mer
believe that il will not much exceed thst
They cay that the territory is such that
they hardly expect to hnd many large
wells in it, bat rather 7 psct & steady flow
from any number Of small ones with
oil selling at the price it Is in P.ttsbnrg,"
said one 10 dsY, ''sDy well with oil in It Is
. bonarzs. Oil men are looking for d Few
territory to take the place cf the Psnrsyl-
vania fields Il seems that they are going
to find i; IN West Virginia"
AN INTERESTING INCIDENT
The same oil msn told the represents
tive Of the REGISTER an interesting in
cident connected with the development OF
the Washington comfy, Pa, field. When
the manufacturers Of Washington, Pa, de-
sired to secure natural ga, they employed
Prof /. @. White, OF the W. Va. Uni
versity, to Locate a well for them, which
he did. The well was drilled By Nh A.
c. Montgomery, and it gave birth to the
great oil snd COS boom, that 10 lowed IL
that region. When Prof White located
the Hamilton well. his theory was ridi-
culed by oil men. Montgomery, however,
pinned his faith to him, and on his repre-
eentations agreed 10 sink the well. Ittoc,
has proven 3 success The two men work
iug together have bsd the honor Of open
inc up one great field, and the indications
ere hat they have found another.
Honors to Mrs. Hayes depory.
CHARLESTON. S @, October 2f.-Hem