Sistersville oil review. [volume], January 26, 1898, Image 1

About Sistersville oil review. [volume] (Sistersville, W. Va.) 1896-1901

Image provided by: West Virginia University

                
?SPF
J H. McCOY, Editor and Proprietor. | Terms ? $i.oo Per Year, in Advance
VOL. XIV.
SISTERSVILLE, TYLER COUNTY, W. VA., WEDNESDAY, JANUARY 26, 1898.
- '
NO. 4
OIL NOTES.
THE OIL MARKET.
Tiona $ 75
Pennslyvania 65
Barnesville 55
Corning 48
New Castle 40
North Lima 46
South Lima 41
Indiana 41
From Saturday's Daily.
Elk Fork has been most lively
the past two days inasmuch as that
field has added three more wells to
the already large list of producers.
Henry & McDonald lead the van
with two to. their credit. Their No.
2 Agnes Gorrell was drilled in yes
terday afternoon and is good for
250 barrels. A few hours later the
same company drilled in their No.
4 W, W. Gorrell and it too, at noon
today, was making 275 barrels*
These two are iu defined territory
and make no change in the general
aspect of the field.
The same company are drilling
at 1300 feet at their W. W. Gorrell
No. 2 and are past the 800 foot
mark at their No. 5. the same lease.
The Fearless Oil company will
also drill another well on theft
lease, same tarm. but the location
has not as yet been made.
The third well on the list was
that of Crawford & Treat. It i3
their J. F. Ferrell No. n. It came
in last night and is making 300 bar
rels today. Their No. 12 drilled in
on Thursday was making 15 barrels
an hour all day yesterday. This is
one of the best wells on that lease
The Elk Fork Oil and Gas com
pany are still fishing at their J. K.
Hill No. 9 49 acre tract.
The Wilson Run field has added
nothing new up to the hour of go
ing to press. Gordon and others
are due today at their Reed No. 2
The Carter Oil company are still
fishing at the Edwards No. 2. Gor
don and others commenced building
the rig at their Reed No. 3 next
Monday.
From Monday's Daily.
With the market at a standstill at
sixty-five cents and the roads in an
impassable condition, new opera
tions in the oil fields for a while, at
least, look very slim.
With a number of companies
drawing out of the field as rapidly
as the wells now drilling are com
pleted, it makes the "pushers of the
quill" look in vain for news.
The Fearless Oil company, the
Hill Oil company, Henry & Mc
Donald and others are now aimost
finished with their work in Elk
Fork. Treat & Crawford are also
putting on a finishing touch to their
extensive operations in Elk Fork.
Henry & McDonald are now
drilling at their W. W. Gorrell Nos.
2 and 5. The No. 2 is due the last
of this week. This No. 5 will be in
by the middle of next week.
The Hill Oil company are at a
standstill pending the advent of the
Elk Fork Oil and Gas company's J.
K. Hill No. 11.
The only new work in sight at
the present is a well about to be
drilled by Yoke & Hogan on a direct
line bet weep the Meredith well and
the Elk Fork oool. It is located on
the Eagan farm south of the Ston
king & Thomas farm.
The rig is completed, casing on
the ground and everything ready
for operations with the single ex
ception of the cable which will be
taken out this week. As soon as it
is on the ground, spudding will be
commenced.
This is a location that will be
watched with much interest as it is
in advance of any development,
<juite a bit.
m
f
YOU ALL KNOW THIS HOUSE
We
Trust
The
People
A
And
The
People
Trust
Us.
Furni
ture,
Carpets,
Rugs,
Stoves, -
Hard
ware,
sold for
cash or
credit.
We want to get acquainted with everybody in this psirt of the country. So
when in Sistersville make our store your headquarters, it d^sn't matter whether
you buy or not, we are always glad to see you.
SMITH ifc BOESHAR,
/? ' W '
The Sistersville Home Furnishers v.
|
m
The Sun Oil company are also
about ready to tackle a well a full
mile west of the southwest exten
sion of Elk Fork. They have ev
erything readv but the boiler, which
is now on the way out.
This is another location that will
be noted with much anxiety as it is
so far ahead of any development.
There are logical reasons for both
of these locations and good results
may be anticipated from both.
? i .
Gordon and others began to spud
at their Reed No. 3 this morning.
The Carter Oil company has had
no luck at their fishing job on the
Edwards lease. The Fisher Oil
company are due at their Edwards
No. 2 in the same field. Work in
this field is also somewhat retarded
by the terrible condition of the
roads.
The Hill Oil company began to
>pud today at their J. H. Hill No.
10, 100 acre tract. There next
well to be drilled will be the No.
15 on the lower extremety of this
lease.
The Victor Oil company are past
the four hundred foot mark. They
placed the io}{ inch casing yester
day.
A. A. Michaels, who is drilling a
well back of St. Marys for the Sis
tersville Oil company, is waiting
now for a io}( casing.
J. H. Hammond began spudding
today on a lease adjoining the
Metzgar farm on Plum run.
The South Penn also moved two
rigs yesterday and will begin drill
ing in the same territtory.
G. M. D. Wilson who is drilling
a well on the Massey lease, on
Ben's run, succeeded in getting the
tools lost there some time ago, and
will start drilling again today.
Tom >rrow the agony in the fa
mous Elk Fork cases will be ended.
The court will render a decision at
the opening of court tomorrow
morning. The Review will have
it tomorrow night.
The Hickman Oil company, and
i O. W. O. Hardman and others are
still fighting over the lease of the
farm belonging to the Hickman
heirs, and work on that lease is at
a standstill.
RITCHIE CO., W. VA.
The CampRun Oil company shot
its Haines No. i and it is now do
ing 150 barrels a day. This well
is located on Addis' run.
The Cairo Oil company's George
Shell's No. 6, located on Low Gap
run was shot and is now doing 150
barrels a day.
The Skunk Oil company's No. 2
Keener was drilled in on Friday
afternoon and is now showing up
for a good producer. It is located
on Low Gap run.
McManus & Co. have moved the
rig at their McKinney No. 1, lo
cated one mile scuthwest of Cairo,
and are down 300 feet at the new
location.
Markham & Co. have a 40 barrel
producer on the Garrison farm, one
mile north of Corcwallis.
A. C. Hawkins will commence
spudding at his McGregor No. 9,
in the morning. This well is locat
ed three-iourths of a mile northeast
of Cairo.
The Carr Oil company are build
rigs for their Nos. 9, 10 and 11,
Geo Shell farm. This lease is lo
cated on Low Gap.
The big oil deal at Corsicana,
Tex., has been formaly closed, and
J. S. Cullinan, of Washington, Pa.,
has for himself and his associates
full control of the output. Uqpl
quite recently the Texas Petroleum
company, as a company, had not
agreed to enter into the contract,
some members ot it objecting to do
so for reasons that were sufficient
to them, but at last the stockhold
ers voted to go in with the deal,
and all things were closed.
From Monday's Daily.
Standard trust shares were quoted
at $394 bid in New York today, the
highest price touched and an ad
vance of 14c. per share over yes
terday's quotation. The Standard
Oil company controls the petroleum
markets of the world and as long as
they can keep the price of the best
oil in the world at 65 cents per bar
rel the prospect will be excellent for
increasing their surplus cash hold
ings and paying the usual 30 to 40
per cent, annual dividends. The
independent refiners and oil pro
ducers are making strong efforts to
break the monopoly's hold on the
business^ by maintaining competi
tion and are paying 70c per barrel
for Pennsylvania crude oil.
The natural decline in 'the pro
duction of the old wellS and the
more recent shipments are not being
overcome by new developments or
more* large strikes in old territory.
On the contrary there is a general
decrease in new operations in the
pools, and producers feel that their
product is worth more money and
seem determined^ not to waste
money drilling for 65 cent oil.
The daily runs of high grade oils
to January 18, indicate that there
will be a large decline in the daily
production for the month. The runs
average 82,249 barrels per day. The
.shipments of Pennsylvania oil on
the other hand are increasing and
amounted to 121,018 barrels to Jan
uary 18, averaging 89,154 barrels a
day to that date. The stocks of oil
may therefore be expected to de
cline over 200,000 barrels for this
month.
The promoters of the pipe line
give it out today that the sale of
stock in this city is exceeding their ,
most sanguine hopes. Persons who j
had subscribed for a certain amount
have returned to the solicitors and :
doubled and even trebled the
amount originally subscribed.
One can easily see from the fig
ures given above that the price as j
offered bynow the Standard is not .
a logical one. It is only done to
make their dividend reach 30 and
40 per cent.
With operations decreasing, pro
duction following the same path,
and an increased demand for oil,
why does the price remain un
changed ? Simply because the "oc
topus" has not a sin^e competitor.
Put an independent line into this
fields and notice the difference in
Standard dividends as well as the
price of oil.
Operations in Elk Fork have
about stopped. Treat & Crawford
have stopped their work entirely,
not even completing the wells now
drilling.
Henry & McDonald will be due
the last of the week at their W. W.
GorrellNo. 2 and next week at No.
5, same lease; then they are through.
The Fearless Oil company has
decided not to drill the well men
tioned in Saturday's Review and
the Hill Oil company only have
three to finish. ,
The Elk Fork Oil & Gas com
pany would have finished their
work, but have had two bad fishing
jobs at their Nos. 10 and 1 1 J. K.
Hill. Today tney are moving the
rig at their No. 10 and still fishing
at No. 11.
THK JUG.
Bartlett & Stancliff have made a
location on the George Fletcher
and will drill it as soon as it is pos
sible to place the material on the
ground. It is 1,200 ieet north of
the Meredith well and the same dis
tance east of the Armstrong Smith
well.
The Klondike Oil company were
in the lime yesterday at their John
Johnson. ^No. 1 and will be due in
on Thursday. This well is about
3,000 feet southeast of Meredith
No. 1.
The South Penn company is
building a private road from Cen
treville through to the Meredith
farm. Their Reppart No. 1 is only
a small producer.
WILSON RUN.
This field received another im
petus yesterday evening that will
have a wholesome effect on the
value of leases. Gordon & Co.
drilled inio the first pay last night
at their Reed No. 1 and it is flow
ing 100 barrels from that sand.
As soim as arrangements for the
oil can be completed it will be
drilled in, and it now looks as
though the pool had been found.
This well is located a short distance
from the Carter Oil company's Ed
wards No. It now looks as though
the field will extend across the Reid
and towards tae Little Muskingum.
Carter Oil company are due soon
with their Edwards No. 2 as well as
the well'on the Beaver farm.
If you want to quit tobacco
using easily and forever, be made
well, and strong, Magnetic, full
of new life and vigor, take No-To
Bac- from your own druggists, who
will guarantee a cure Many gain
ten pounds in ten days. Over
400.000 cured. By No-To-Bap
irom your own druggists, who will
guarantee a cure Booklet and
sample mailed free. Ad. Sterling
Remedy Co., Chiago or New York
A Whin or Fro?prrllj.
Special te the Review.
Benwood, Jan. 24. ? The em
ployees of the Wheeling Steel &
Iron plant here are getting their
first whiff of protective prosperity.
Saturday they were notified of a
wage cut that runs from 12% to
33 lA cent- I* effect
in thirty days, at the expiration of
the present wage scale and the men
say they will have to accept it The
reduction is not understood as at
most of the iron and steel plants
over the country wages have been
increased within the past few
weeks.
George E. Shryock is down the
river today taking in the sights of
the famous "Oil Center/'
ONTtfE RIGHT TRACK
J
> . ' -H
Yardmastcr Quinn, of the O.
* R. R. R., Has a Novel
Experience.
For many years Mr. A. M.
Gwinn, of 1216 Swan street, ParJ
kersburg, Ins been a car inspector
on the O. R. R. R. About the por
tion of the road which Mr. Gwinn
has especially in his charge, he was
the authority consulted and his
opinions were never questioned.
It any of the officials of the railroad
had Mr. G linn's work under ad
verse criticism, we would expect
that gentleman to get behind it
with argument, reasoning and proof,
and do his best to substantiate his
position, but when he comes out
flat-footed and endorses a medicinal
preparation in which he has neither
monetary interests at stake or any
personal interest, we are bound to
accept his opinions. Ofteu as he
walked up and down the network
of tracks in the railroad yard, often
as he watched the brakeman turn
over a switch and some engine
which threatened to telescope a
train glided gracefully out of the
way of danger, he wished he could
get as easily on the right track him
self to cure his aching back. Per
haps the reader may have just as
anxiously longed for this valuable
information. Read how Mr. Gwinn
proceeded and the same result will
follow:
"A friend advised me to use
Doan's Kidney Pills for a kidney
trouble that bothered me for two
years, causing a dull, aching pain
across the loins. Twinges when
stooping or doing anything that
caused a strain on the back. At
time? it was dreadful and acdoni
panying it was a distressing and an
noying difficulty especially incon
venient at night. One remedy was
so powerful that I could not take it
so as I was becoming worse instead
of better, I took my friend's advice
and bought Doan's Kidney Pills. I
had no trouble to take them. They
were prompt in giving relief. The
first few doses made an improve
ment and finally the trouble disap
peared. I advise others to give
them a fair trial it they have trouble
with their back."
roan's Kidney Pills for sale by
all dealers; price 50?-cents; mailed
by Foster-Milburn Co., Buffalo, N.
Y., sole agents for the United States.
Remember the name- Doan's ? and
take no other.
Railroad Munn Meeting.
The citizens of West Union and
the people in general living along
the proposed route of the Electric
Railroad are invited to attend a
mass meeting for the purpose of
organizing a committee to meet and
confer with the incorporators of
said electric road or their commit
tee. Come out every body and show
by your attendance that the inter
est of the people are and will be
carefully looked after.
Judge R. H. Frter informs our
reporter that the incorporators of
the proposed electric road will meet
at Middlebourne, on Jan. 29 to fur
ther complete their organization,
and after that date will arrange a
date at which time the citizens of
West Union and all in the county
that are interested may confer with
the incorporators of the proposed
road or their committee.
We would again urge the busi
ness men of this city and the peo
ple of the county generally to push
this matter with zeal and energy as
it is the brightest and best opening
this county and city has had for
years to improve the business in
terests of our county in general*
Farmers, laboring masses and busi
ness men in general should do all
in their power toward making the
prize secure for West Union and
her people. ? Doddridge County
Sun.
J. H. Pringle, of the Oil Well
Supply company, spent Sunday
with friends in Marietta.
Capt. Fred Hornbrook, of the
wnarlboat, is at his home at Barnes
ville, Ohio. He is confined to his
bed with a severe illness. He is re
ported better today.