Butler citizen. [volume] (Butler, Pa.) 1877-1922, 1901-10-10
OIL NOTES.
THE MARKET-Both agencies are
paying 81 80. this morning

An IDEA.
The production of Pennsylvania oil as
shown by the published runs for the
month of September is not lar from
/ Sc. 600 barrels daily, the smallest since
the month of March, 1899, when crude
/ was 81. 6S: the decline over the previous
month. August. being about $500
J barrels daily average, notwithstanding
/ il is alleged there was a new production
/ of 6 no barrels daily brought in in the
month of September.
In the month 729 holes were drilled
to get the new production, but the
| guesser must have his Imagination
! largely developed, or the sand rocks are
about drained.
The production for September seems
to have gone all to pieces, the greatest
per centage of decline being in the wells
connected with the Eureka pipe line,
| that being about .09i per cent, South
west. Macksburg division and Tide
water. each showing little over % per
cent. decline, the National Transit line
having the smallest decline of any, II
being a trihe over .02 per cent, the pro
duction however of all the wells CON
nected with this line for September be
ing only 16. 567 barrels1per day against
~. 224 barrels daily during September
1899 a decline of nearly IA per cent. III
the years.
The decline in the stocks Of Pennsyl-
yapia oil during the month OF Septem-
her sbould be about 500, 900 barrels, un-
less some sediment and surplus is used
in the shipments reported, without
which. the net stocks are lower than IN
Jan. Feb. and March, 1899, when the
price on crude was Sl.6S per barrel.
Producers should run their oil to the
credit of some trustees who would
advance any money required at a fair
rate of interest, and then fix the price at
say &. 90, thus meeting the buyer with
one seller.
The community of interest being
put into effect, to compel justice.
MIDDLEsEX TwP-The Forest shot
their well on the Marshall farm in the
Gold field Friday and it started at the
rate OF barrels a day when put 70
nu1npiug. McIntosh's well ON the David
Park came in dry.
In the Bakerstown field south OF Mid
dlesex twp Eisler, O'Brien q Co. have
completed their No. on the Porter
farm and have a 90 barrel well. Camp
bell 81 Murphy are starting their No. 2
on the same farm.
BUTLER-West of town the Reiber
Gas Co have a well drilling on the
Kradel farm, and the Forest, Scott and
starr on the Krug.
The workmen on the Krug and hecK
farm well ride to and from work on the
street cars, something new Tor Butter
oil men.
Burtner & Co. have their rig up on
the Stamm brickyard lot
Alf Darlings well on John Z. Kelly S
| farm came in Tuesday and shows for 10
barrel well in the thirty-foot
CENTRE TWP Sheriff Hoon and some
| friends are drilling a well on his farm
| five miles north of town, hoping for a
| double chance to strike oil, Wis the Nc
Calmont third sand streak or the
Speechley. r. w. Phillips has well
| started to drill to the Speechley on the
Anthony Thompson and Barnsdall on
the Jacob Renick.
CoNcoRD-WelIs have been started
for the Speechley on the Johnston
| Brown farm and on the Andrew Nc
| Kinney farm east Of Sunbury.
| The South Penn's well on the Mar
shall farm at Hooker is reported very
small. The Deyonion Oil Cos well on
| the Samuel Glenn farm at Sunbury Il
| in and reported dry. Nicklas d Nc
Gill have nice IL barrel well on the
Pres. Murtland and the South Penn s
| No. / on the w. T. Murtland seven
acres is also good producer.
FoRWARD-Dr Showalter & Bros
last well drilled on their farm below
Reibold is doing "a barrels day from
the fourth sand.
Titusville was the scene Of an impres
sive ceremony last Friday commemor-
ative Of Il most important event in the
industrial history Of the world. 1t wa:
the unyeillng and presentation to the
city of a magnificent monument tC
Colonel Edwin Laurentine Drake, ths
pioneer of the petroleum producing
business. The donor of the granite pile
has not permitted his name to be giver
to the public, but a blank has been left
on one of the tablets where it will bj
engraved after the donors death.
The most attractive figure at the cere
monies was that Of the guest of honor
Mrs. Laura c. Drake, the widow Of tbs
man in whose honor they were held
Mrs Drake has consented to the ex
humation Of her husbands body IN or
der that the remains may be inferred IL
the shadow of the beautiful monument
because, as she ieelingly expressed it
Colonel Drake belongs to the oil conn
try" Hon. John Dalzell was the orator
of the day, and many prominent OF
producers were preasent. Col Drake
died some twenty years ago, and since
he drilled the first oil well, about bill
lion barrels Of the stuff have been taker
from the earth Of this country.