Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-04-20
THE SHUTDOWN IDEA
Meets With Considerable Favor From
Oil Producers.
SATURDAY WILL TELL THE STORY.
The Mcdonald Production Takes . Jump
: Upward.
YESTERDAYS GAUGES AND FIELD NEWS

agreement to stop the drill from May 1 for
six months Lists we'll filled are coming in
from all the fields The Standards s concerns,
notably the Forest and South Penn, will
sign provided sufficient number of pro-
ducers would sustain the movement to
make it successful with their help There
seems to be little doubt now that this will
be the case. Of course, some will not sane
tion the movement, as they have doubts
about its success. By Saturday all will be
heard from, and then the fate of the move
ment will be decided.
One new we'll and two restored to the list
after having been dropped. raised the pro-
duction of the Mcdonald field. Greenlee &
Forst's McMurray 1. reported as shot and
making $50 barrels an hour on Monday
evening, really did but 75 barrels at its best
and yesterday was tested at 30, which was
its actual output. Then Guffey, Galley and
the Forests No 2 j. r. McMichael. which
started at 10 barrels An hour on Monday,
pumped that evening to 65, and yesterday
was doing 55, though listed to 65.
The Wittengale I and Boyce and were
both dropped, and the Heron 4 was re-
stored after a two days suspension. The
list foots up $50 per hour against Mondays
1876, an increase of IS per hour or 2,04O per
day, but a fraction more than the general
estimate was swelled. The dropping Of the
Wittengale may have been enormously
done, for it was quoted on Monday at 80
barrels An hour
The Last in tho Pool.
j. M. Guffey and Guffey & Queens Sam
Whitmore was finished yesterday and will
make 100-barrel pumper. This is the last
we'll that the company will drill in that
pool for the present and tor some time to
come.
The Devonian's Elliott is also in the
same and showing for about 1O0-barrel
we'll
Lehman & Co.'S Academy lot we'll at
Oakdale is not dry as reported, but will
make moderate pumper.
Guffey, Russell & Co.'S Wittenga1e
was shot yesterday and made fine response
at once, but its permanent effect Is yet to be
decided.
Patterson & Jones' Leonard shager is
due, but no news was received from it last
evening.
Guffey, Galley and the Forest are build
ing rig for No. 3 j. R. McMichael. No
2, which Unexpectedly came in so large, is
300 or 900 feet almost due north, though q
little west of the Forests Martha Wright.
j. NJ. Guffey is building a rig on the John
c. McMichael, north of the J. R. farm.
Pumping Over 100 Barrels.
Hussler, Bott & Co.'S No. 1 Boyce is
over 100 barrels day. No. will
be started to pumping to-day, and No. 8,
which started off after a shot at 40 barrels
an hour, is still flowing % per hour or 52S
per day: They nre rigging up at No. 4, the
last well that the company will drill until
better times come again.
Guckert, Steele & Co.'s No. BurchfnaI at
Willow Grove is due in the Gordon sand
this morning, If fiG did not arrive there last |
Greenlee 4 Forst's GLADDEN. No. was six
Or eight feet in the Gordon yesterday after. |
noon and filed up but 300 feet.
It's No. Patterson and No. Mourena, near |
Venice intending to drill them for gas.
J. NJ. Patterson is drilling we'll on the |
east Of Verona, which he expects to COM
piete in day or two, and in which he is |
sanguine of finding oil.
sistersville and Vicinity.
Grace & Coast are starting n well on the |
ohio side. 1t is south of the Stewart farm |
md few feet from it McFadden & Co. are |
iown go feet.
Tenant Co. are drilling at $50 feet on |
he Morrison and Mccormick farm.
On the Peden farm, two miles below Sis
ersville, the Devonian Oil Company is start
ng a well.
yallilee & LeCompte are starting a well
lalf q mile below Sistersville.
and this week p on ths WeIis ia farm afa beJo% tn
istersville. 1t is located for good well
nd the owners expect to get good pro-
luces.
Patty Bros. & Co. are drilling at $50 feet on
he Wells farm.
The test we'll of johnson & Duel, on the
foran farm, located one mile east of Friend
hip Island, on the Virginia side of the
liver, is down 1000 feet.
Smith shay's No. 2, on town lot, is
AIKEN yesterday morning: Noblestown dis
Guffey & Co.'S Matthews |
10. 3. 20: No. Heron, 25. Oakdale Oil Com.
any.s Nos. 9 and Baldwin. 20; Guffey. Rus
nd McCurdy districts-Forest Oil Com
any's No. Jane Stewart, 80: No. Martha
Wright, 20. Jennings. Guffey & Co.'s Bell
el, 65
Yesterdays Market Features.
The market was both dull and weak, the
lose being cent under the opening Ex-
ectations of increased productions and the
lmost total absence of buying orders were
he bearish factors. The opening and high
st was 59Mc, lowest and closing 5s1sc. Re
ned at New York, 6.l0: London. SD: An
xerp, 14f. Daily average runs, 79,475 bar
learances. 10000 barrels.
OIL CITY, April 19.-National Transit GER
ficates opened ut 59Hc; highest. $3.50; lowest,
nc; closed, $50; sales, SO 900 barrels: clear
noes, 2T2. .O00 barrels; shipments, 7s, 64l bar
lis; runs, 107, 1859 barrels.
NEW YORK, April 1s.-Petroleum opened
rm, then EN-, declined ~, on small selling,
oil. spot no sales; Nav !
ption, opening. 591sc; highest 591Sc: low
1t, 59c: closing, 69c. Lima oil, no sales | i
otal sales, Il, 900 barrels.