Butler citizen. [volume] (Butler, Pa.) 1877-1922, 1895-04-18

Last Thursday oil began jumping and
| during the day the Standard put up their
price to $3.50. and speculative oil went as
high as 81 so, but fell back to 81 60. On
! FRIDAY there was no market, but on Satur-
day the Standard was paying 81 and
! certificates sold in the exchanges at S2 90.
Monday brought 81 for balances, and the
speculative market went as high as S2:35;
and Tuesday 81 % for balances, and the
speculative market went as high as - 81.
Yesterday the Standard was paying 81 90
and the highest market price was s2.70,
| but 1t fell back and closed at S2.l1-
The stock Of Pennsylvania oil above
J ground is said to be insufficient to run the
refneries for three months; and the Stand
ard may be trying to "freeze OUT the inde-
pendent reineries.
SAxoSBURG-Wilsou& & Co. are drilling
| in the third sand on the Reidel; Frazier,
| Wetzel & Co. will be in the sand today On
| the BernIgo, southwest of SaxOnburg; Root
g. Co. are drilling on the Waxmuth, north
of town; Scott d Co. have rig up on the
| Cooper heirs: Frazier g. Co. are drilling in
the IoO-foot on the Kornrumph, and the
Two Toms are building a rig on the Walk
er, west of town.
BUESA YISTA-King Bros. are ready TO
start their new well on the King, and
Vance d Frantz expect to do the drilling.
Tnos Iman and his brother Joseph are put
ting up derrick on the David Rankin,
near Troutman. Vance, Frantz d. Co. will
drill another well on the Thomas Hutchi-
son. The Jas McCleary and Jos Byers
frms are leased.
BoYDsTowS-The Martin well on the
Martin is doing about Is barrels. McCor-
nick & Co.'S well on the Shakeley was tub
ed for gas, but she began flowing oil
through the tubing and will be re-torpedo-
ed and re- cased and tested in the Sd sand.
Heydrick Bros. on the Aggas found no oil
in the 100 foot and are drilling TO the Sd.
Enough saltwater is flowing from this well
to piekel all the cucumbers that will be
ra, sed this summer Russell d Co.'S No
or the Henry is doing about barrels, and
No Is flowing saltwater and oil and is
supposed to be doing about 25 barrels.
Phillips is leasing everything between
Butter and Boydstown. Capt Grace is
drilling oD the Mccullough. The Martin
& Co. well on the Lackey did 20 barrels in
u hours, and then had a breakdown. Flee
g,r d Co.'S well on the Fleeger Is pumping
some oil.
WHITEsTowE-T field has been reviv
ed by the Brandon q Go. well on the Sha
nor which started off at 100 barrels. small
wells are being cleaned out aud will be
pumped The HAYS d. 90. well on the
Hays will be in this week.
EVANS CITY-May & Co. struck ~
bb we'll on the Snoup, south OF to~u,
Wednesday.
MARs-rhe Say Oil Co.'S No. l, Samuel
Banour is dong 50.oarrels. rne Well on
the T. Meeder is reported dry.
CooPERsTows-rh Coxey OH Co.'S No.
2, RifIiey is showing for Is barrels. Marks,
Ne andless q Co.'S No. l, Dean, is yet do
ing 100 barrels
ROUGH RUS-Several wells are expect
ed in next week.
MUDDYcREEK Lockwood & Co.'S No.
Snyder is doing s to 10 barrels, and the
KeatiDg Oil Co.'S 5. about the same Nc
Gill d Co.'S No. 4 Neeley increased to 80
barrels. Several new wells are going down
to the north and northwest of this field.
NOTES.
The present estimated value Of the oil
properties lately purchased by the Stand
ard companies is 50, 900, 600.
Golden d Co. finished Third sand well
on the Powder Mil-run, last Saturday, and
are said to have some oil.