The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1895-12-24
AVERY BUSY WEEK
Wn he tho olo,lng seven Days or the
Year In Olls DomRIn.

A'AhA pueA WAhA
wan he the closlng seven Days or the
Year In On's pOmain.
The past week did not prove a very
profitable one In tho Southwest oil
fields. Sensational strikes were con-
splcuouB by their absence and there
We're very few OF any kind to claim at
tentlon The market did tho unexpected
by tumbllnB from 81 so to 81 10 and was
really tho surprise of tho entire week.
The decline OF fifteen cents. however,
did not have the distressing eject that
might have been expected, for Il was
not attended with amy discoveries In the
fields that would have any bearing on q
speedy recovery In the near future. The
unsettled condition OF the eastern stock
markets was undoubtedly the direct
cause, says ~, s, W." but ut
no time during Friday and Sat
urdny, when the furry In the east
was the topic most discussed, was there
any slGp OF q panic In oil circles In his
city The purchasing agency transact,
ed no more than the usual volume OF
business, which is evidence that the
trade has not lost faith, but looks for
early reaction, II can be said without
fear OF contradiction that the decline
win not cause any diminutioh In hela
operations. The new wells started and
those contemplated Will be pushed
ahead with the same energy as though
the market had remained at 81 so,
The last week In the old year will
show greater activity In all the old fields
than have ever been witnessed before
and the persistent EFFORT 20 open up new
territory has never been eduhlled. IN
Tyler, Wood, Peasants and Wotzel
counties West Virginia, the wildeatter
is hustling and in Greene county, Penn
sylvani0. he ia looking for new pools,
and II would be strange Indeed II MS
efforts should so unrewhrded,
The Middle Island Creek territory pre-
scented possible failure ON the Morris
farm, The well Is located northwest Of
tho Dye Brooks wells and unless the big
flow OF salt water can be reduced. Il Will
70 to help swell the duster list, The
sand Is said to be OF good quality and
contained some traces OF oil, but when
the big dose OF salt water was develop
ed, both the gas pressure and the show
Ing OF oil were choked OF. With all the
talk Of the glowing future Of the Middle
Island Creek territory where tho oil has
been found IN the Big Injun, but four
wells out OF not fewer than twenty
dr. He'd, hive ound OIL in encouraging
quantities,
The Williamson & Hughes wells, to
the west OF the Dye Brookes, are small.
and when the amount OF money that has
already been expended In developing the
territory is taken into account, II must
be conceded that II II about time to call
halt,
Lato reports from the northwest ex-
tension OF the Dcist pool, In Monroe
county, Ohio, have not been very on
couraglnG. The last two wells COM
pleted, both favornbly located, brand
that part OF the field as spotted, and on
more uniform than the Deist pool pro-
per. The well on the Stewart farm. In
advance OF developments, was u lucky
find OF the past week. II Is credited
with production OF 100 barrels a day
since II has been put to pumping.
The South Penn Oh Company, the
leading developer OF the Interior West
virginia territory, operating principal
ly In DoddrIdge, Wetzel, Marion,
Ritchle and Monongalia counties, nm
ishcd fifteen or more wells during the
last week, that ranged from 10 to ltO
| barrels n lnV