Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-10-29
SPECTATORS AT SEA.
A DALLYING GAME BEING PLAYED BY
NEW YORK OIL MEN.

| Monster Wells Knocking Out All Calcula-
tions-The Standards Close Watch on
the New Mammoth Fie1d-Discussion
Around the Metropolitan Bull Ring.
New YORK, Oct. 2S.-[Special THE oil
ring in the Consolidated Exchange remains
more or less deserted these days. There
seems tendency to wait and see what Nc
Donald is going to do, and if there is not a
great deal of dealing in certificates there is
all the more time to devote to a discussion
of the petroleum situation by the brokers.
The monster wells of Mcdonald have
knocked out all previous calculations, and
the speculators here are very much at sea-
J. J. McLauren formerly the ~. j. NJ, 4"
of the Oil City Derrick, for some years of
the Harrisburg Telegram, took run down
to the Mcdonald field the other day to see
the big gushers. 81 never saw an oil well
in my life before" was his sententious COM
ment. Considering that McLauren went
through the Pithole. Oil Creek Clarion and
Butler development, it is inferred that he
has very high opinion of the Mcdonald
wells regarded in the light of spouters.
The discussion around the bull ring in
New York seems to circle about the inquiry,
SIS Mcdonald to be another Bradford"
The Standard is keeping a close watch on
the new field and in the matter of building
tanks seems to be starting in on the same
line of policy which it followed there. A
large force of tank builders have
been sent into the vicinity of Mcdonald
and tanks will be built as rapidly as posi-
BILE. A gentleman connected with the tank
age department of the Standard said to me
to-day that if the Mcdonald field should
prove another Bradford they would save its
oil all the same. New tanks would be
erected in Washington county, the oil
pumped to other tank districts and every
effort will be made to keep the wells clear.
eve never had such wells as these to con-
tend with" said the Standard man, 'tand,
what is more, we never expected to have in
this country"
1 do not find many oil country people who
expect Mcdonald to develop into a Brad
ford, though oil men about the New York
exchanges hold to that view. The oil coun-
try opinion is that it is ''fourth sand'' oil,
and the wells will be of about the same life
as the "fourth sand" gushers on the "cross-
belt' in Butler county. Some of these wells
were short-lived, it is true, but there were
others of them, as Butler county operators
will recall, which led long and prolific
lives. The old ''Rob Roy" between Karns
City and Petrolia, was one of the longest
lived and most productive wells of the en-
tire oil country FOR long time II headed
the list in the amount of oil produced, and
if it is not first even to-day it has only been
eclipsed by some of the phenomenal gushers
of the Southwest district. If the Mcdonald
wells hold out as this "fourth sand'' well
did, the field is good for vast amount of
oil.
George E. Foster, of the old well-known
producing firm of Clark & Foster, formerly !
a prominent figure in the Oil City market,
has been about the edges of the New York |
market for a few days The stories from !
the Mcdonald field have not yet lured him |
back into the producing habit to which he |
was at one time very much addicted To a |
man who has been accustomed to producing
oil in Mexican and Elk counties these present |
big wells have great drawing power. Still, !
Foster is rich, made out of the business of |
oil, and perhaps is satisfied to let |
well enough alone.