Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-12-04
TO MEET IN PITTSBURG.
A CONF ERENCE OF THE PETROLEUM
PRODUCERS NEEDED.

The General Feeling of Depression Caused
by the Present Situation-The Latest In
telIigence From the Various Important
Fields. =
The cold and dreary weather to-day was
in keeping and sympathy with the oil sltua-
tion, and its outlook for the coming winter.
Around the Exchange, at the hotels and In
/ the offices of prominent producers THE
DISPATCH scout was greeted with such re-
marks as: sit looks mighty blue. Nv hither
are we drifting?' whats the Standard 60
ing to do anyhow? They have got most
of the earth, and what else can they ask
| for?" 'It is suicide to drill at the present
prices.'' '"The Standard is making big
haul off the producer; it don't matter how
low crude goes, they hold the price OF re-
fined up all the same" belieVe the
octopus is foreclosing its Ohio scheme on
u.s."
There were many other similar express
sions, and the general verdict was that
something must be done, and at once. In
conversation with number of producers,
they informed THE DISPATCH that unless
the market improved they would suspend
| drilling as soon as the wells they were now
drilling are finished. The agitation of call
ing a meeting of the Z. +. A. shows no
abatement. and one or two long-headed op-
orators have schemes to present to the Gen
eral Assembly, if one is called, which they
think will knock the wind out OF the oc-
| topus and bring it to terms. The pro-
ducers here think the Z. Z. A. should be
called to meet in Pittsburg, as the location
is the most central. 1t would be about an
even divide for the West Virginia and
Bradford people, while the other districts
are also located as to make this city the most
desirable point to inaugurate, as they say,
one OF the strongest and most effective COM
bines the Standard ever encountered. They
contend that Pittsburg is the strongest point
to open the battle, as its natural facilities
for an outlet to the seaboard are much superior
to all others. The plan, as talked OF, has
met with no opposition, and all seem to con-
cur in the grand idea. Field news to-day
is unimportant. Wildwood is increasing
her production, but not to the extent the
bear element of the trade claims. This is
mainly due to the agitation of the old wells
located on the prolific southwest line. T.
Barnsdall & Co.'S No. 1 Kress, which was
making 48 inches an hour yesterday, has
dropped to 3S inches to-day, a decline OF 10
inches, or 25 barrels an hour.
The Governor Pattison Rolsehouse is
making 60 barrels an hour tonight and No.
Rolsehouse is averaging about 80 barrels
an hour. Coast & Evans, on the Rolse-
house, are eight feet in the sand this even
ing, with indications of only a moderate
sized producer The we'll is located 500 feet
south from the Fishel we'll on the same
farm, and the opinion of some producers is
that the venture is an edger. The Smith
Farm Oil Company administered 12-quart
dose of glycerine to their No. to-day with
beneficial results. The Bott s. Scypes we'll,
located two miles south from the Montour
field, and on the P. L. & E. r. R., is not
showing up in very brilliant manner and
there is good reason ior believing it will not
amount to much.
At Cor&opolis Galley Bros we'll on the
Chess farm is producing 20 inches, and their
No. 2, same farm, is holding up at 20 bar
rels day Their well on the Machine Shop
lot was cased to-day, while they have a rig
up on the Peticord and are down 500 feet
with No. 2 McKowan. Mellon No. 2, Cassi-
day, will get the sand tomorrow or next
day, and have No. ) rig completed on the
Carr tract The Galley & Mellon well. on
the Scott farm, Mansfield, is producing a
round 100 barrels day. The same party
have a rig no on the Tidbald ready Tor busi-
ness and are building No. 2 Scott. They
have also a rig building on the Daugherty
and are cleaning out the old Riddle well
and have reached depth OF 1,S00 feet
When the work they now have under way
is completed Mr. Galley says they will stop
the drill for the winter. III. MCC.