The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1900-03-10

EfuEQ Uy LuE HHNAs ptlLGAPlen kAAe GQN-
troll other STAPLE commodities, and
when that period comes they expect At
least g a barrel for their product. 30
deeply are they impressed with this
idea that they are willing to drill IN
winter, at an advanced cost, that they
will have q production to sell when the
market reaches this point. This g the
reason oflthe general activity through
out the old pool. A1d Il does seem as Il
their logic Is w6Sff olnded, and that
there 70 nothing frat wiil prevent the
fulhllment OF then conclusions unless
Il should be the discovery Of q large
scope Of prolific territory.
A Rshnsr Talks.
In discussing the oleagenous Sltua-'
tion with promi1ent retiper Of many
years Of experience. the writer was In
formed that the p5finer never had a
more prosperous season in the history
OF; the trade 10 frankly admitted
that the producer was not getting what
he should for crude and thatthe crude
market had by no means kept lin SYM
patty with refined and the VARIOUS BIZ
products He also said that never from
the inception Of the trade, had export
prices ruled 50 high. When asked.
however, for the r9Ason Of the wide dlf-
ference In the refined and crude mar
kets, he gave an evasIVe answer and
disclosed an aversion to further discuss
this phase OF the situation.
The refiners look to the deep sand
formationin West Virginia and the Be
rea grit sands In southern Ohio, to-
maintain the large daily average and
say where these formations begin to
fail, no Influence, no matter how pO-
tent, win keep the crude market down.
AS yet the drill has not developed in
either Of these sands any specially new
territory and for the general welfare OF
the trade 1t Is hoped that this event
may be deferred for some time to come.
This week important news comes
from the western field, which, II true,
corrects n wrong impression given the
trade some time ago by misleading re-
ports. This report was sent broadcast
over the oil regions that the Standard
had absorbed the interests Of the Man
haitian OIL Company, and also the In
terestE of the Cudahy Oh Company.
From information which Is not regard
ed as strictly authentic, although be-
lleved by many prominent oil men to be
true, Il Is learned this week that the
Manhattan and the CudRhy oil Com-
panies have pooled their interests and
are now virtually one and the same.
The story as related by prominent
western refner and operator, Is that the
office OF the Cudahy company has been
transferred from Chicago TO Lima and
that a special train was chartered to
take the office force and all the books,
accounts and everything belonging to
the company. to the metropolis Of the
western field. The companies that
have been consolidated by the big deal,
II is said, are the Indiana Pipe Line &
ana OIL Company, and the Indiana
tank line. In the shuttle, the Cudnhy's
office located at Button, Ohio. was
also moved to Lima, where the interest
Of these different companies will be
managed under one executive head.
Whether there Is time or not matters
but little to the average producer, but
the prevailing opinion among operators
il, II such a consolidation has been
Effected that It automatically advance
the price of crude..s' They look upon t1''
deal in a business way and say It 10
only number of small corporations
massed into a big one, and that they
are out for making all the money they
can and are not particularly LOOKING
after the producers interest. And
thew also question whether the service
of the pipe hns will Be dny better Tor
the producer than was rendered by the
old concerns, and are not backward in
intimating that to successfully operate
under one great hettd 1t requires abll-.
lty and system not eminently displayed
In the management OF the companies
before their consolidation. II this story
is true, many important changes Will
be made before another week rolls by
and the world of Oildom Will know be-
yond doubt just which way the wind
blows.
OIL As Locomotive Fuel.
Attention is called to the introduc-
ton Of petroleum as a fuel on locomo-
tives on the western coast railroads. II
the experiment now being made on the
Santa Fe and Southern Pacific
railroads Is a success, It will eventually
come into general use, especially in ev-
cry section Of country where coal Is
high. The Santa Fe officials have for
some time had the matter OF using pc,
trolepm In their locomotives under ad-
visement, but not until q recent date
did they take steps toimake thorough
test It is said they are SO positive Of
success that they have ordered nearly
every locomotive changed for the new
appliance on all lines, and within n
period OF seventy-hve OF eighty days
the change win be efected on their
whole System Of lines, The. Southern
Pacific road already Is using oil on
their Los Angeles division. with salts
faction. In looking up this new use OF
crude petroleum your correspondent
was informed by two prominent off,
clals, one attached to the Pennsylvania
and the other belonging TO the Lake
Shore road. that their companies have
in contemplation the use OF petroleum
for fuel in their locomotives and were
Of the opinion that It would be u sue
cess and the time not far distant when
petroleum would be used on, every To-
connective in the country, Upon further
inquiry It was learned that experiments
have been made from time to time and
that now an appliance has at last been
perfected which is success. It was
also learned that by this late invention
such results have been attained that
petroleum at 81 n barrel would be n
cheaper fuel than coal at present prices.
This Is surely cheering news for the
producer, and II II should sventuate iu-
10 n reality a demand Mt home will be
created that present production cannot
meet.
And this IS not all. The writer took
the pains and trouble to go farther into
the Interesting question by hunting up
one Of the prominent officials having
this matter in charge, (but who put the
seal OF secrecy upon the writer's PEN
cil.-forbIdding the use OF his name),
and asked this question. point blank:
"By the great heat produced by your
invention, what Is the highest price
you can pay for oil and still not cost
you any more than coal ut present
prices?'' In reply he said: This is a
LL.-.A -. a 10. ...a.,,lA Il .,lnr.nlnnn 81 n