Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-03-25
MONOTONY AT WILDWOOD.
A PREDICTION OF THE DISPATCH vERI-
FLED BY THE FACTS.
Producers Stirred Up by the Rumored Great
Russian Gusher--Big Oil Deals at Butler
Petroleum Found Near Somerset-Noth-
ing New at Zelienople.
rpxc1AL TELEGRAM TO THE prsPArcH.i

rpEcIAL TELEGRAM TO THE DIsPArcH.i
WILDWOOD, March 24.-The oil field to-
day presents the same monotonous aspect
that has characterized the situation for the
past week. Nothing new has taken place at
Wildwood, and the prediction of THE DIS
PATCH is being verified by results Runga
No. 1 has, like "Grandfather's Clock,
"stopped short, never to 20 again, OF lts
own volition, and is being tubed. The
Kreitzer well is holding up well, with no
change from previous reports. kress No.l3 IS
making 16 inches an hour, and No. Kress has
been shot and is making Is barrels an hour
The order of things on the southwest line now
seems TO be glycerine. TIE Beers Co: well
is through the sand, and is at best small pro-
ducer.
On the northeast end of the line some excite
ment has been raised By. the increase OF pro-
duction of the Smith Farm Oil CompaEy's
Nos and 9. No. 9 has been torpedoed, and
Mr. Latshaw. one of the owners, reports the
well doing 10 barrels an hour.
WhiteseIl No. ii came in this morning and
started off at the rate of 80 barrels an hour. IL
was making about 80 barrels an hour in the
evening.
An Impromptu Meeting.
An impromptu meeting was held to-day in
the office of prominent producer. The
was the 400, 900 barrel gusher in Russia. Theo-
dore Barnsdoll by common consent. was made
President Fred Hayes. of Warren. was elected
Secretary and Mr.. Sill, also OF Warren, was
chosen Vice President.
Mr. Barnsdoll, in Henry Clay style, called
the attention of those present to the fact that
a small well had been struck in Russia, and
that the trade on this side of the brink shonld
be fully informed of the true status of the well.
Mr.. Hayes. in his unique style, fully coincided
with the Presidents views and suggested that
q fund be raised to send Bob Stafford over to
agitate the well and see what it would do.
Important Oil Deals at Butler.
BUTLER-To-day c. D. Angel consummated
the sale of two oil properties in the 1OO-foot
field. The owners were Golden, McClurg and
Walker & Co.; the purchasers of both. ]. W.
Breed, of Cincinnati, and R. P. Shearman, of
jamestown, N. Y. The property known as the
Graham heirs consists of Is acres with five
wells PRODUCING 250 barrels per day. The con-
sideration was S2i,OO0.
The Nesbit lease comprises II acres with
three wells yielding five barrels yer day. and
one drilling well; consideration, $4,000. These
properties have been producing about one year,
and have paid several hundred per cent on the
investment.
OIL Is Found Near Somerset.
SoMERsET-At Elk Lick. this county. test
well has been going down and to-day it is stated
LndL Oll llOWlllE ITOiIl luz "eIl Ill sLndll
quantities. The well is now at depth of 1,0l0
feet, and the owners intend drilling in at once
1t is ts oug ht the well is not deep enough to
reach the real stratum. but the smell of oil has
set the people wild.
Nothing New at ZelienopIe.
ZELI is nothing of import
ance in his field. The Captain Marsh No. 2 is
about 80 feet in the sand and showing very
fair. Thompson. on the Muller, expects TO
reach the pay the last of the week. Levine's
No. /, on the Steinbach southwest, and Fred
erick & NcAullY Oh the northwest. are at the