West Virginia daily oil review. [volume] (Sistersville, W. Va.) 1894-1902, 1898-10-21

is WHEN THE GOLD MINERS GET
UGH?
The certificate market was quoted
more than d cents above credit bal
ances, but the speculative end of
the business does not cut much
figure. North Lima was advanced
from IT to 78 cents, and South
Lima and Indiana from II to 73
cents. Late reports from the Wes-
tern fields are that the recent ad-
vances have had wonderful stimu-
lating effect on field work.
Last month R. G. Gillespie
drilled in big we'll on the James
Neal farm, located four miles south
of Proctor creek, in Wetzel county.
1t was purely wildcat and caused
some little excitement in that 10.
cality. Since being completed the
we'll has been producing about ten
barrels day. Mr.. Gillespie start
ed another test we'll shortly after
the first was completed, located
about 700 feet sonth, on the Morri-
son farm. This will proved dus-
ter. 1t was expected to confirm
the belief that the Neal we'll is 10
Gated on the edge of the pool, but
its failure shows that they will have
to look in some other direction.
On Campbell's run the South Penn
has drilled in its No q John Stiles
and the show is for a small we'll.
1t produced 22 barrels the first 4S
hours and is still drilling.
South of Brink, Wetze1 county,
the same company has drilled in
its No: q on the Elias Batson farm,
and has 2o-barrel producer from
the Big Injun sand.
Northeast of Elk Fork, Tyler
county, Cutler & Co. have com
pleted their No. 2 on the J. K.
Glendenning farm and have a 80
barrel producer.
West ot Stringtown, in the same
county, the South Penn Oil com
pany has drilled its test we'll on the
N. Knight farm into the top of the
Gordon ard has a show of oil. In
the same development No. S F. M.
Lemasters is showing for a we'll.
! In the southwest extension of
the Whisky run pool in Ritchie
county the South Penn's No. Z
c. A Hayhurst are holding up at
22o and IT'S barrels day, respec-
lively.
One mile north Of the Dilks de-
velopment, in Butler county, Pa,
Smith & Finnegan are on top of
the saud with test we'll on the
Wiley farm and have good show
ing. Near Gallery station A. L.
Staples & Co. have completed their
No. 4 on the George Marburger
farm and since put to pumping is
producing about 5 barrels a day.
THE OIL MARKET.
The Standard yesterday advanc-
ed pipe line prices on the high
grade crudes sc and &c on the
shiNS io"Si SlduSo. bClS was uO
trading in oil on the local exchange
although regular delivery quoted
at 81 20 bid. The quotations of the
Seep purchasing agencies for crude
in the various fields are as follows:
Tiona, 81 28; Pennsylvania $I.1S;
GAINESVILLE, $I.o8; Corning, SLOT;
New Castle, 90; North Lima, 78;
South Lima, 73c, and Indiana, 73.
QUOTATIONS OF PRODUCERS.
The quotation of the Producers
and Refners Oil company for Penn
sylvania crude is $I.I8.
Oil City, Pa, Oct. I7.-Credit
balances, 81 I8; certificates, opened
with salescof cash at $I.17H; closed
with sales of cash at $I.2o. Sales
1000 barrels of cash, $I.I7H; 1000
barrels of cash, $I.IeH; 5000 bar
rels of cash, $40. Shipments,
October IS and 10, I57,oo3 barrels;
runs, same dates, I75.e23 barrels.
Toledo, Oct 20. North Lima,
78c; South Lima and Indiana, 73c.