Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1895-12-13
Special to the Register.


Sis-ersville, w. Va, December 12.-
The price Of credit balances opened Cwo
cents higher This morning than it was
when the market closed yesterday and
remained at that price during the day.
The raise in the price Of credit balances
has given the speculative market a
boost and the prices are going up. The
price of certificates closed yesterday
seven cents higher than the pipe line
market There is net a great deal OF
oil being sold at the present price Of
the commodity, the producers and op-
| orators preferring TO wait awhile, as
they think the market will go higher.
During The past few days some wells
in advance of the Deist pool have come
/ in that demonstrates the fact beyond
all question that the De.st pool is not
! the end of the oil field, and that no one
knows where il will end. So bright IS
the outlook over in that part OF the
field caused by the late new wells com
Ing in. that all the Standard Oil Com
pany's newspapers have venJured 20 say
that The outlook in the De.st pool Is
bright" So our readers will under
stand from this admission that every
thing is presenting a very rosy nue. 10
get such admissions from the Stand
ards organs.
The well that has caused this change
in affairs is the Chestnut Oil Company S
No. 2 we'll on the Hensel farm. ms
we'll is located about 500 feet southeast
of the Calebaugh we'll. 1t is a better
( sand than was found in the Deist wells.
The sand is of the very best quaLty'
very coarse and full of pebbles and very
r.ch and thick. While this well dld
mo-. make so much oil at first as the
De.s- pool wells did, all agree that the
sand will last very much Longer ana
shat the production from it will be
steady and lasting.
The second well that has widened OUT
the Doll In that part Of the field Is the
Henry Oil Company's well on the Brown
farm. and it is reported as Delh8 IOV-
barrel well with a very rch Sahu u.
Las. night A. c. Libby, Dallas CA4In-
pion Andy Wh:temen, George singer
and James McVey, contracted win t.
Ramev TO drill a we'll on their lease
tha fee of which is owned by Mrs. Lu-
cfnda Dive. adjoining the Amos FARMS
which latter territory IS also to be TEST
ed at once. The contract provides Tor
the putting down of a well at once.
The oxford Oil Company's No. 4, on
the l.. NJ. Thomas farm out in the hee-
ner district on Middle Island IS IN the
Keener and reported dry.
HAYS & Gartland's well on the Arches
farm out in the vicinity of the big salt
we'll has been completed and is Big
gasser without any show OF oil IN the
Keener. sand. The we'll viii probably
DE drilled to the Big lnjun If the gas d.
minisbes sufficiently as the salt water
in the No. / on this farm was found IN
that sand. Ii is confidently believed
there IS oil in the vicinity OF the big
salt water well, and that territory will
be thoroughly tested.
Nothing of Importance has been heard
from the we'll on the GOrreN farm drill
ed bv Connolly Bros. for several days.
The last heard from it was that it was
showing for little oil, but the in dica-
ttons were that IL would be a very small
producer and possibly not a paying one
The only drawback to the developing
or fle new ltllllol NNN4 AlAI AAfNt INV
VIII be the roads and the Ice in the river
One cold nigh. will make the ice so hea-
Wy. all the boats will have to 90 to the
banks. and the Transfers were all busy
to-day and yesterday hauling material
over for fear the ice will stop the ferry
boats.
The outlook for work in this field
this winter is a hundred per cent better
and brighter than it was this time last
winter. No one talks of moving away
or the town dying, the producers are
not surprised any more at anything
Some twenty or more wells have all
ready been located by reason of these
two strikes and others viii follow.
Every producer is hustEng to get a well
under way, and those who are holding
territory in advance of these two strikes,
are making arrangements to drill.
The chances are that MiddlebOurne
win vet have an oil pool nearby. The