The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1900-05-19
PRODUCERS
OF CRUDE OIL
ARE KICKING
r..-.s MaaufnetpregS Of OIL Wen
supplies Do Not Cut Their
PRICE, IL Sympathy
WITH THE DECLINE OF Oil.
Mn. outlook Is not q Bright One for
lie smallscanbre Producer.
The Gaines Pool.

F., been many long months since
n,rr5leum industry presented such a
S.,r.h aspect. Nor is there anything
N. resent situation from which the
n,,In.,r can extract the least ray OF
son, The outlook to the operator Of
sr,n cafiber territory Is particularly
5l..oy raging. Unless a radical change
s,on axes place there viii unquestion-
,my be a curtallmeat Of new work in
,ss regions that abound In small pro-
S a It is out Of the question to drill
IN rebt territory in the face ola de-
",.r,a. ing market Tor crude and the un-
mat nigh prices asked for machinery
and oh well supplies.
,Tbarp is general howl throughout
,,l antire oil regions against the oil
s vi, sGpply men for not reducing prices
\, T.sptng with the low hgure paid for
UNA. The dealers lay all the blame
" The manufacturers who, they say,
u ui,g NOT bend one Iota from their es-.
,sGishcd rates. IN the latter part OF
SSs, week meetings were held by the
nrob,rers in different localities protest
t5y against the continuation Of the high
raifs yor supplies. They say that the
w,5nutacturers were not slow in ad-
yTBrlng prices when the market began
~ appreClate, but they take no heed OF
,he market on It's downward course and
srbltrarily maintain the old rates. "A
strong pressure IS being brought 70
hear upon the manufacturers to reduce
prices to something, near an equitable
base with the crude market; but u Is
yery questionable whether they VIII Sc
cure tangible results.
The falling market ana the high prices
,or material is not all that confronts
smaI producers. From the way the
Wind now blows there is q reasonable
feasibility for the development OF a
prolIbc pool in the Gaines annex IN Tto-
"a county, Pa. This means an increas-
~ new production which naturally Will
No followed by another cut In crude,
ADDED TO this, the monthly pipe line re-
p6rt IS anything but bullish, while at
ihe same time the report of our export
trade for April has materially declined,
although values were fairly maintained.
To the producer Il seems lit never rains
but 1t Pours,y
The pipe line report for April shows
that the runs had daily average in the
Pennsylvania fields Of 96,O3S barrels,
which compared with March Is a gain OF
almost 1,160 barrels q day. The net
stocks were increased during April
about 10000 barrels. The net gain in
the Pennsylvania stock was something
over 1900 barrels a day, a state of af-
fairs not anticipated a month ago. The
Trenton rock product showed the enor-
nous increase In stocks OF over. l2,OOO
barrels day. Tho shipments Of Penn-
ylvania oil for April averaged S4,Sl1
barrels, gain over March OF 4,5l0 bar
The gusher at Gaines Il. steadily de-
Ginning and viii soon be rated as an or
binary Gaines punper. The past TWEEN
ty-four hours the three wells belonging
to the Biossburg OIL Company MADE
only $50 barrels, which includes the
rushers Nos. 2 and on the Mcneil
property. The WeIlsboro OIL Company
completed their No. and instead OF
finding a gusher developed only a 10
barrel bumper. This result was not
wholly unexpected for the reason that
Blossburg No. 2, the first gusher show
ing only for 500 barrels on the start on
and No. 3 at 2,100 barrels. showed that
The best dIggIngs are In the direction OF
No. 3. which Is in the opposite direc-
lion from The Wellsboro company's well.
900 feet southwest from No. 2 and 700
faet southwest from No. 3. The COM
pletion Of the welIsboro OIL company's
No. demonstrates that the sand Is not
productive to the southwest. With this
as n pointer II Is not likely that the ter
rltory to the southwest will In the fu-
ture receive much attention.
There is no abatement in interest IN
The Gaines annex and just at present
the new pool Is invested with the great
est interest awaiting the completion or
number OF highly important expert
mental ventures. Lew Mallory has