Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1895-12-11
Special to the Register.

Special to the Register.
Sistersville, W. Va, December 10.-A
big sensation in oil circles was caused
this afternoon when it was learned that
the Standard purchasing agency at Oil
City had advanced the price of oil at
about two o'clock this afternoon. There
had not been the least warning of a
break Of this kind in fact, everyone was
of the opinion that if the price of oil
changed at all it would be to fall in
stead of to go up. No one attempts to
give a reason for this sudden and I'M
expected rise, but it is generally be-
lieved that it was caused in part by the
knowledge that the Producers and Re
hners' Company, which operates eXclu-
sively in the Pennsylvania oil fields,
had refused to bring the price down be-
low S1.40. when the Standard had
brought the price down to S1.3S. The
Standards price for oil for some days
had been S1.3S, and it remained at that
price up until about two O'Clock to-day,
when an advance of five cents was
marked up. Ii is thought that the Pure
Oil Company, recently organized in
Bradford, is in with the Producers and
Retiners' Company, and that together
they have decided to keep the price of
oil up to a point where it will pay the
operators to hunt for the oleaginous
fluid The producers and operators
here are at loss to account for the sud
den rise and, in fact, do not make an
effort to explain it,
Crawford & Treat are rigging I'D on
their No. 2 on the Stewart farm over on
the Ohio side, in the vicinity of the Hen
sci well, and will commence work build
ing the rig for No. in a few days
The Kanawha Oil Company's we'll on
the Brown lease, over on the Ohio side.
was drilled in yesterday afternoon, and
is reported to be good for about rs bar
rels day.
The Shoestring Oil Company's No. 8
on the Hensel farm, to the west Of the
old Deist pool, and only short distance
from the well recently drilled in on the
n. J. Calebaugh farm, reached the
sand early yesterday morning. and was
shut down to move the boiler back and
erect tankage. In the evening the drill
was oldl LCu again anu the well WAS
drilled in. The first twelve hours after
the we'll was drilled in 1t filled a ESQ
barrel tank, and is still holding I'D at
that gait. 1t is not ahead of anything.
but it will open up the territory inter
vening between the we'll on the Gale
baugh farm, and makes the stuff to the
west Of it look gilt-edged.
Crawford & Treats No. 3 on the Stew
art farm, to the west of the we'll drilled
in on the Hensel farm to-day. will be
due in the sand tomorrow or Thurs
day. This well was in the lime this
afternoon and should reach the Big
lnJun sand not later than tomorrow
evening or Thursday morning.
Some arrangements are being made
looking towards putting down some test
wells south of Friendly mile or so.
We are not at liberty now to publish
the details, but will give them in a few
days. This territory is now considered
good, as the oil belt from the Dive
Brooks well is thought to run east and
west All the wells drilled on the east
ana west line in that part of the field
have been producers or gassers. and
now that the Hugus we'll is in and good
and on the east and west line. the stock
on that theory is going up every day,