Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-11-02
NO PREMIUM ON OIL.

| The Bonus Was Not Added to the Market
Price Yesterday Fourth Sand Well
Brought in at venice-Two Brush Creek
weIls-Sale of a Gas Plant.
There was no premium placed on McDon-
aid oil yesterday, as some of the producers
had anticipated, but they ere still hopeful
that it will come before the end of the year.
| Tile result of tho work in the fields yester-
| day was not of a 8 startling character.
| Down near Venice. five miles south of Nc
Donald, the Wheeling Gas Company drilled
sand. from which 1t will produce IS barrels a
day.I
Tne Woodland Oil Company has cased on
| the Scott farm southwest of Mcdonald.
There was a rumor on Fourth avenue last
| evening that one OF the largest producing
| firms in the field had closed a deal which
would transfer its entire property in Nc
| As the principals could not be seen, the
| story could not be verified.
Sistersvillc had nothing to contribute ex.
| cept in regard to the Kecner heirs we'll of
| the Devonian Oil Company in the South
west Tankage was completed early yester-
day morning and the oil turned in when it
was found to be flowing at the rate of Ia
barrels day, or six barrels an hour, and SO
1nr no water has been developed.
The Devonian Oil Company's No. on the
Mcdonald farm Mt Mcdonald was reported
to be showing for light we'll. At the office
of the company they reported 1t was not
yet In the SAND.
Connors & Co. have started to drill Mt their
No. . on the N. G. Cook farm, south of Laurel
Hill.
The Florence Oil Company is down 900 feet
on the Gibson farm.
The Royal Gas Company is drilling Nos. 9
and 10 on the E. Mcdonald and No. 6 on the
X. Mcdonald farms. Nos. 6 and 0 are each
down about 700 feet.
The Sinclair Oil Company is closing its No.
on the Kirk iarm in the Meise pool.
BRUSH CREEK-The Forest Oil COMPANY is
in the sand at its Nos. and on the Meeder
farm, and they are showing for 40 OF 50-bar-
rel wells.
Sale of Gas Plant.
The Tionesta Gas Company has sold its
plant to O stock company of Iionesta busi-
ness men, and the name will be changed to
the Citizens Trust Company. The sale took
place in Bradford: Major A. &. Hawkins, of
and j. ID, and e. S. Davis, OF Tionesta, the re-
maining quarter. The. Tionesta Gas Com.
pany was organized six years ago and sup
plies 800 stoves. The gas is piped from tile
Speecnley district. S. W. Agnew and T. f.
Ritchey made the purchase in the name of
the Citizens Trust Company. Consideration
private.
The Gauges Tuesday.
The production of Mcdonald was 1900
yesterday, the same as the day before.
Stock in field, 46, ,000
The runs from the Sistersville field were
15,SS1 barrels on Monday.
Runs and Shipments Monday.
The runs of the National Transit Company
were 5000; shipments, 3354O.> Southwest
runs from Mcdonald were 1864; outside
of Mcdonald, 3,055; total, 81, ,709. Buckeye
Pine Line runs from the Macksburg field,
1923; shipments, not in; Buckeye runs of
Lima oil, not in: shipments, 1904: Eureka
Pipe Line runs, 1919: shipments.4,S ,S63; South
ein Pipe Line shipments, d, l,345; New York
Transit shipments, 70, 1853.
Tho TiIewater Pipe Line runs on Monday
were s.l72; total, 1o5, ,225; average, 1884. The
shipments on Monday none; total for the
month, 227, ,566; average, 7.34l.
Western and Atlantic runs on Monday
were l44: shipments, 2, 29l; total rnns for the
month, g. sS3: total shipments, "A, ,934.
The Monday runs OF the W. L. Mellon lines
were 6, lO6; shipments, 1864.