Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-06-24
OIL MEN DEPRESSED.
The Downward Tendency of the
Market Discourages Them.
SEVERAL WELLS DUE THIS WEEK.
fome Ventures Showing Light in the No
Donald Pool Yesterday.
PERSONAL POINTS ABOUT PRODUCERS

The tendency of the market to settle or
the 50-cent mark has caused a cloud o.
gloom, unctured with woe, to settle or
thefaces of the great majority of oil oper
ators the last few days.
The average operator is sensitive crea-
ture on the subject of the market. He
watches its gentle fluctuations as the aver
age youth does the baseball bulletin. When
the market is on the upward track, the ope
rator is happy. 1t makes no difference
whether he has cent at stake, or a barrel OF
production. Hope is his staff of life. With
good market he sees good times ahead. 1t
is an excellent barometer, and will accu.
rately delineate the condition of his mind.
For several days il has been lowering be.
tween 5S and 81 cents a barrel, and the oper.
ateris correspondingly depressed. The sit.
uation, he claims warrants a better price.
Butler county has been drilled over until a
map Of it and its wells resembles q NAM
mon h sieve.
Mcdonald has been peppered until there
is scarcely room to make new location.
The only drilling now being done in that
field is on The edges. The little Allegheny
county pooe have been sapped until little
oil is left.
Sistersville is new. but in the light of the
Mcdonald gushers, it has not yet produced
any market breakers. Its territory is spread
Ing, but so far the outside wells are light.
In the upper country, which emDraces Al
legany county, n. Y. Mexican, Warren, Ven-
ango and Forest counties. nothing is being
uOne IN the waN OF new work. III Is THIS
condition OF affairs which leads the operator
to believe that the market is not high as
1t should be. Small wells DO not pan out,
and the chances of getting big ones are SO
uncertain that few care to risk S., 600 or &c.
OOJ in blind venture at present.
Wells Showing Light at Mcdonald
The estimated output of the Mcdonald
Iield yesterday was aS, so barrels, the same
as for Wednesday. One well was added to
the list OF the big ones. 1t was Greenlee s
Forst's No. 5, on the Marshall property,
south of Noblestowp. and was brought up 10
. barrels an hour. 1t is fifth sander and
was finished some time ago. Brown,
Robson & Co.'S No. McMurray, located 500
feet east OF Noblestovn. was also a.itated
and is doing e5 barrels an hour Irom the
fifth.
The Forest Oil Company expects to finish
up four wells this week, two fifth sanders
and two which are expected to be Gordon
producers. These are their No. 5 on the Z.
Wright and No. l Rachel McGregor, both To-
Gated north of oakdnlc, and in fifth sand
territory. No. Mrs. Campbell and No. 8
john McEwen, located south of Willow
Grove in the Meise district, are on top of
the Gordon. 1t is claimed by persons
familiar with the wells that the big Meise
well and those on the Mrs. Campbell and
Airs. Robb farms are drawing the oil from
the smaller Gordon sanders located west of
them. They arrive at this conclusion from
the fact that the wells just south OF Willow
big ones came in.
The Forest Oil Company is starting No.
on the Mrs McClelland farm, near Oakdale.
The Peoples Gas Company has started to
drill its Nc l22 on the Miller & Wallace Iarm
TO the fifth sand. 1t has beea making 80
barrels a day from the Gordon. Their No.
l las on the same farm is down 1000 feet.
AarsCeli. Kennedy 4 Co.'s No. 8 on the
Roy farm. east CT NobIestown, was reported
TO be In the sand yesterday afternoon and
showing 1or i we'll
Will Drill in the Southwest.
Knox, Apple & Elyea contemplate putting
down a couple more wells on the Scott farm.
two mills southwest of Mcdonald The old
No ], which tapped the fifth several months
ago, is still making 50 barrels q day. This
well is evidently located in a little pool of
Its own exclusively, IS dry holes have been
drilled on every side of it.
Stewart Holmes are III the salt sand in a
Tel! which they are putting down on the
Gettman Wanke expect to enier the
Gordon sand to-day on the Doyle farm at
station in the Grafton field-
MARS STATloN-The Eicbo Oil Company
mas succeeded in spuddinS past the tools in
Its well on the Coovert farm, and it is now
making . barrels day.
The Mars Oh Company is getting ready to
drill its we'll on the John Kennedy farm
from the Snee TO the fourth sand.
Tie Forest Oil Company's well on the
Nhitmier farm is flowing 25 barrels a day.
Fowler & Co.'s venture on the wilhelm
farm will make 30 OF 40 barrels a dav,
One OF the best wells in the field is Boyd
Bros. & Co s on the Douthett farm which is
pumping 100 barrels a day.
Personal.
There wasa strong delegation of upper
country men in Pitts5urg yesterday.
Ex-Stats Senator Lewis Emery, Jr, came
iown from Bradford to visit some of his
secure some pipe for the extension of his
private pipe line. He is at the Hotel
DuGEesne,
II. b. Stone an attorney and prominent
hepqhhcan politician, OF Mexican county,
md ". i. C1rtis, of Bradford, both of whom
Ire interested in the Oskdale Oil Company
we're in Pittsburg looking after the affairs
1t that company Mr.. Stone is a brother OF
Congressman c. w. Stone, of Warren.
J. N Perrine. the business manager of the
Dill City Derrick, has been visiting in Pitts
Jur- this week.
Alex LsComte, of Meadrille, passed
through Pittsburg yesterday on his way to
Sistersyille, to LOOK after the well of Le-
Jomte Nallilee, on the Hubbard farm, in
which the casing has collapsed.
Myron Matson, of Bradford, who is inter-
sSted in and has charge OF the Emery Oil |
work in the Sistersville field was |
n Pittsbnrg yesterday afternoon |
Two OF the Oldest and probably the best |
Known men N the oil regions met on Fourth |
avenue yesterday afternoon and stood for !
MO hours in the shade of the Dollar Saw
ngs Bank swapping stories of the good old |
times" They were John Preston, OF WASH |
ngton, Pa, and Dune" Harms, from whom |
Who has only recently returned from the |
y est after an absence of 10 or u years: |
The have each toyed with tie fckle goddess 1
n many 1lelds, and the personal reminis- |
ences of each would be doubtless more in |
erestin= than that OF any other two men in |
he business.
Tho Mcdonald Gauges
The following estimates were submitted |
" the gaugers of the Southwestern Penn
yivania Pipe Line Company:
The production OF the field Yesterday was |
3 500 or the same as the day before The
ouIly Guages were as follows: Lynch & |
o. No. Meise, 30; J. n. Guffey & Co.'S No.
Mankedick, 20: Brown, Robson & Co.'S No.
lcMurray, %: 0akdale Oil Company's No.
Iorgan So: Forest Oil Company's No. Q
25; No. . McClelland, Is; Forst Il
Ircenlee's No. i Kirk, 20; No. McMurray, 30:
ia. Marshall. 25; Friday, Keil & Co.'S No. g.
Irs. Robb. 40; Porter OIL Company's No. 4,
liller & Nc Bride, 30.
The stocks at the wells are reported at
800 barrels. The runs from Mcdonald
!unday were % l39 barrels. Outside OF
lcDonald the Southwest Pipe Line runs |
hipments. is 544: New York Transit runs, |
/. lG3; southern Pipe Line, none: Eureka
uns S,332; shipments, lS4; Buckeye ship
lcnts OF Lima oil. none; Buckeye runs of
dma OIL. none; Macksburg runs, l,7S7;
nipments, none.
The TIdewater runs for Tuesday were
l4l: total, So S62: average, $685. Shipments,
one; total, lS1,4lS: average, S.9z4. The runs
Lednesday were S,s06; total, 81, 500; average,
$50.
Yesterdays Market Features
There were no new features. The close
as at the highest point of the day, indi-
lting steadiness. The opening and lowest