Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-02-09

will be commenced next week. This vel
has been located for OIL
| The Philadelphia Company have two
wells due in the sixth sand next week, theil
Stilley Nos. 2 and 4. In the wells brought
in recently but little gas was found until
the sixth sand.
As was noted some time since, Snee in
tends shooting his Tepe we'll, and develop
| ing it for oil. The work of cleaning it out,
which has been in progress for several
weeks, has proven a considerable job, on
account of caving. The work is nearly
completed, and the well will probably be
shot the coming week.
The summary of the well shows Is wells
completed and IL drilling. Three more to
be located next week. OF those completed,
10 are producing gas in paving quantities.
OF the remainder four would have made pay
ing oil wells if properly developed. Only
one may be called an entire failure.
New Pipe Line Chartered.
W. L. Mellon, W. A. Mitchell, J. NJ.
Carpenter, A. Fl. Waddell I'd F. d. Ide
were granted charter at Harrisburg yester-
day, for the W. L. Mellon Pipe Lines, OF
Pittsburg, capital 100000 Mr.. Mellon
owns 996 shares and the other incorp orators
one share each. Their object is to pipe oil
from the Mcdonald field.
Personal
William X. Laney, an old-time oil oper-
ator, died at his home in Bradford Sunday
morning. He had been suffering for years
from complication of stomach troubles.
He was born in Bremen, Germany, in
1916, was brought to America when
child, and after serving in the
Union army throughout the Rebellion
he went to the oil country in 1871, where
he has since lived. He had been president
of the Bradford Common Council, was a
Mason, member of the G. A. R., and the
q. V. L. Few men had larger acquaint-
ance throughout the oil country A wife
and three children, two daughters and a
son, survive him.
Production and Runs.
The hourly gauges Yesterday were as fol-
lows: Jennings, GufTey 6 Co.'S No. 8 Mat
thews, 30; Heron No. :, 25; Heron No. 4. 55;
Guffey & Queens Nos. l and Wetmore, 65;
No. Samuel Wetmore, los; Patterson s.
Jones' No. Kelso, 20; Devonian Oil Com
pany's Nos. l and Boyce, so; Oakdale Oil
Company's No. Morgan heirs. 25; Nos and
8 Baldwin, 65; Nos. and Wallace, As; pro-
duction, $4,000; stock in the field, 1000.
The runs of the Southwest Pennsylvania
Pine Line Company from Mcdonald Satur-
day were So, l9S; outside of Mcdonald, 1889
msena % TFsnSt fGs runs were 81 1922 ship
ments. So. $50. Macksburg runs, 449. South
ern Pipe Line shipments, IA S72 New York
Transit Company shipments 35, 1873 barrels.
The runs from Mcdonald Sunday were 27,S7S
barrels, and outside of Mcdonald, 9H bar
relS.
Yesterdays Market Features.
Business was slow and the price weak.
Orders were few and far between. This was
probably the cause of the weakness, al
though field news was rather bearish.
Fluctuations amounted to little. The OPEN
ing and highest was 60H, lowest and close
60. Refined was unchanged. Daily average
runs, latest report. 1O3, l63; daily average
shipments, S7644. CIearances, u 900 barrels.
Oh CITY, Feb. s.-National Transit certii-
Gates opened at 601lc; highest, 60115G lowest,
591sc: closed, Coo; lies, sc 900 barrels: clear
ances, 334, 900 barrels: shipments, 13O, 090 bar
rels: runs, l052 barrels.
PITTsBURG, Feb. S.-National Transit certifi-
Gates opened at 6O1ac; closed at Coo; highest,
691ac; lowest. 60c.
BRADFORD, Feb S.-National Transit certif1-
Gates opened ut 6014c; closed at 60c; high
est, 601Ic; lowest, 5g34c; clearances, 334 900
barrels.
New York, Feb S.-Petroleum opened firm,
but reacted Lc and closed steady: Pennsyl-
vania oil, spot. no sales; March options
opened ut 60Nc: highest, 6014c; lowest, 60c;
closing at 60o: Lima oil, no sales; total sales
l3,C00 barrels.