Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-02-24

ss1thern border of the field. A single
| string of tools is kept busy in the Mt.Jewett
section. Discouragement and despair are
| the prevailing sentiments, and many men
| who counted themselves wealthy in estimat-
ing their properties upon the expansive
basis of values prevailing two years ago,
| now consider themselves very poor. The
| fields of the Southwest are eagerly studied:
| for it is generally believed that relief from
| the present condition of things will only
come from the collapse of Mcdonald, and
| general decline in the amount of the daily
production.
The Bradford producer no longer nurses
his declining wells with excessive doses OF
nitro glycerine. The increase gained in this
way is spasmodic, and does not hold long
enough to warrant the expense. The field
as whole is at very low ebb, and there
seems to be total absence of the hope that
encouraged and cheered throughout the
shutting down days of 1888. The total runs
by all the pipe lines in the Bradford field
during January were 357. .549 barrels,
daily average of II, 534 and. decline of
2,S31 barrels a day from the aver
age for December. During January,
1883, the runs averaged 11,329 bar
rels but since that time large number OF
new wells have been drilled and consider
able area of new territory added in the
the average daily runs for the first month of
the vast II years show the following results:
1892, II ,534; 1891, 16, ,OO2; $780, II ,279; 1889,
16. 22S; 1888, II ,329; 1887, %. 1873; 1886. 81
966; 1885, 27,254; 1884, 81, ,020; 1883. 36,6S7;
1882, 55,OO6
Surprise at Sistersville.
SIsTERsvILLE-J. C. Leonard's we'll on
the Tolbott farm struck the pay at o'clock
last evening. and in ~ hours put so barrels
into the tank. This is showing for one of
the best wells in the field.
Production and the Gauges.
The estimated production of the field
Monday morning compiled from gauges
was 26 500 barrels, q decline of 800 from the
day before. The hourly gauges were as fol-
lows: Jennings, Guffey & Co.'S No. Mat
thews. 20; Heron No. 4, 40: Guffey & Queens
No l Samuel Wetmore, 55; Devonian Oil
Company's Nos. and Boyce, 45; Oakdale
Oil Company's No. Morgan heirs, 20; Nos. 2
and Baldwin, so: Forest Oil Company's No.
! NJ. Wright, 20; Guffey, Murphy Co.'S Nos: s
1 and Sam Sturgeon, 30; production, 26,oOO
stock in the field, 10000.
The runs of the Southwest Pennsylvania
Pipe Line Company from Mcdonald Monday
were 81, 59l: outside of Mcdonald, 3,605. The
National Transit runs Monday were 43, 545;
shipments, 6,062 Buckeye runs, AZ, l42; ship
ments, 43, 70s Southern Pipe Line runs, 34,
617. New Y or1 Transit runs, 3O,503. Macks-
burg runs, 355.
Yesterdays Market Features.
There was some display of firmness at the
opening, but this soon disappeared and
weakness became quite pronounced. The
finish was 1Lc below the initial quotation.
Oil City sold the market down. 1t started
at 601Ic, highest 603sc, lowest and closing 59c.
Refined was the same as on Saturday. Daily
average runs, 9l,551; daily average ship
ments, 1852.
OH CITY, Feb. 23-Nationa1 Transit cer-
tificates opened 601ac: highest, 601Ic; lowest,
ances, 10000 barrels; shipments, 1882 bar
rels: runs, 234 GA.
BRADFORD, Feb. 23-National Transit cer-
tifcates opened at 6014c; closed at 5s54c;
highest, 601lc; lowest, 5SAc.
New YORK, Feb. 3d. Petroleum opened
steady, declined Nc on small business and
closed steady. Pennsylvania oil spot sales
none. March option-opening. 5934c; highest
59Ac; lowest, 595ac; closing. 5915c. Lima oil
no sales. Total sales 5000 barrels.