Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-10-23
AN ERA OF ANXIETY.
A Very Uncertain Feeling Prevalent
in the Wildwood Region.
REPORTS FROM OTHER FIELDS.
The Standard Has Dropped the Price Of
Lima Oil, Thus Giving
A SHOCK TO THE BUCKEYE PRODUCERS

The wild and weird scenes of Wildwood
are strangely contrasted with deep feeling
of anxiety and uncertainty, The general
aspect of the field shows no material change
from yesterday, with the exception OF the
Marshall Oil Company and Harley well.
As reported last night the venture was in
the slate, of which there was six or eight
feet found when the drill run into another
sand of good quality, but had no indication
whatever of oil. As stated yesterday In The
DISPATCH the we'll is assuming many of
the characteristics of the Menke venture
and there is yet hope that the lower strata
or fourth sand may produce some oil. W.
E. Grifiths was seen tonight by The DIS
PATCH scout, and interrogated upon the
situation on the Whitesell farm vicinity.
While not caring to be reported upon the
future of this section of the field, saiu that
Whitesell No. would probably make
50-barrel we'll settled production. although
the well at the present time was making
more oil. To-day the tools were gotten out
of the Ringheisen well and only short
time will elapse before the result of this i'm
portant venture will b. known. The Rouls-
came in this morning and from present indica-
tions will only make small producer. Smith
No. 2. Smith Farm Oil Company, was shot to-
day and is doing seven inches per hour to-
night Griffith Mcbride will commence
spudding in the morning at Glenshaw on the
Campbell farm. This Is an experimental well,
the results of which will be awaited with no
little interest The McCurdy we'll was not
drilled any today and tonight by an actual
gauge is making go barrels per day. The
Scott farm well, one-half mile east from the
McCurdy, is spudding around the tools at lSOO
feet. Mellon Co., at Coraopolis on the Carr
farm, struck big gasser to-day and now NOV
ing out the boiler. There is no particular
change at the other wells and nothing new to
report from the southwest district.
In Other Fields.
WAsHINGToN-Messrs. Hallam and Shay,
well-known oil operators of this place. have
leased a tract of 900 acres of land southwest
of Claysville, and will drill test we'll there.
The land is chiefly in Finley township. Three
or four years ago this same territory was con-
sidered as likely to be an excellent field. Later
on the salt water belt in the Taylorstown field
was developed to such an extent, that all terri
tory lying south Of Claysville was condemned,
and most of the leases were given up. Mr..
Hallam, however. held on to his territory.
The land lies between the Laird gasser on the
east, where the drill penetrated six feet of the
Gordon and the Finley well on the west, which
although 1t contained salt water in the Gordon.
IounO sanu ol an e4Cellent qualty. AS OIL Is
found between salt water and gas it is the
opinion of some that oil will be found some
where between these wells. The test well will
be located either on the farm of John Short or
Lewis Cooper.
A Drop in Ohio Oil.
LLMA-The Standard Oil Company gave the
producers of the Northwestern Ohio field a
shock this morning by again reducing Buckeye
oil ~ cents on barrel the price now being 30
cents This is the third drop in the buying
figures within as MANY weeks. The feeling
among operators here is one of great unrest,
and it is freely predicted to-day that the price
will reach the old figure of Is cents a barrel
before Christmas. Hundreds of drillers and
other employees will be thrown out of employ
ment within the next two weeks on account of
the decrease in the product. and the oil men Of
Ohio are gloomy indeed The Standard, how
ever is master of the situation, and makes
such terms as 1t sees 1T. II. MCCLINTocK.