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OIL NEWS. From Wednesday's Daily The lact that the oil market is growing gradually and not by sud den jumps, as is usually the case, is a source of great satisfaction to a great many of the producers and operators. In this sort of a rise in the market some of them seem to j think they see a bright futuie for the market during the winter. They agree that suclf a rise in the market is productive not only of good re sults in the field, but it makes the operators more confident and they feel more like investing their money. There has been no happening in the oil world during the past few weeks that has given as general satisfaction to all classes as the rises in the market, which have oc curred during that time. For a long time while the market was down, the operators were feeling depressed and did not care whether they did any work or not, but now that the market is advanceng, they are becoming more spry, and are looking around a little to see wheth er there is anything they can get hold of to do something with. The northeast extension of the Elk Fork field is attracting a great deal of attention at the present time and well it might. During the past month or six weeks there have been several nice wells drilled in there and what is better, these wells are holding up to the regular production in good shape. The in dications are that a pool of some magnitude has been opened up in that section and the people who have territory in that part of the field are making preparations to test it this fall and winter. At the present time there is a great deal of new work under way up in that part of the Elk Fork field and a great deal more is contemplated. Nichols & Barnsdali's No. 7 on the Hawkins farm in the northeast extension of the Elk Fork field still has the broken bit in the hole and there is no telling when the well will be drilled in. The lost tool is just on the top of the sand, but so far they have not been able to get it out. Crawford & Treat's No. i on the Thomas farm in the southwest ex tension of the Elk Fork fielcf which should have been in the sand sever al days ago still has a set of broken jars in the hole just on top of the sand and it may be some time be fore they are gotten out. At the sale of the Cameron Oil and Gas company's property by the sheriff yesterday, by which quite a lot of property was disposed of, Treat & Crawford, of this city, bought a quarter interest in the Bonner lease. The Fisher Oil com pany bonght the Grodhaus lease of about 80 acres, on which there are two wells, for which they paid $2,500. A number of other small interests were purchased by differ ent parties, but the whole amount realized from the sale of the prop erty did not exceed more than a quarter of its value. The Wilson Run Oil company's No. 1 on the Edwards farm, which was drilled in a couple of days ago, has been cleaned out and is good for about 25 barrels a day. Yost & Co.'s No. 5 on the Reed farm in the Wilson Run territory is fishing at 400 feet. Their Nos. 3, 4 and 5 on the Poulton farm in the same vicinity have been located and the rigs will be started at once. Their No. 3 on the Nolton farm has been located and the rig will be started the latter part of the week. The Fisher Oil company has the rig up for its No. 1 on the Snod grass 200 acres and will commence drilling the latter part of the week. From Thursday's Daily. Over in the Elk Run territory Cummings & Co. have the rigs building for two wells on the Smith farm and have made the locations for two more wells, the rigs for which will be started in a few days. The Carter Oil company is build ing two rigs on the Moore farm, both oi which will be completed the latter part of the week. McMullen & Shay are building one rig on the S. Bohlen lease, and have the location for another one made. They have also made the locationsfor a couple of wells on the Schmeltzerbach farm, the rig for which will be started in a couple of days. Alford & Carner have the rig completed and will commence spud dingat their No. 2 on the Snider farm, in a couple of days. The Carter Oil company have put their No. 1 on the Musser farm to pumping, and it will be good for about 45 barrels a day. Despite al1 indications to the contrary, there was a decline in the market this morning of one cent which affected all oils but the Lima and Indiana. It has been generally conceded on all sides that there is every reason for the market to ad vance and it was believed that it would do so, and the impression still remains. The fact that there was a falling off of one cent this morning should not scare the oper ators and producers with making a break for the purchasing agencies to dispose of their oil. This is a bad thing to do and is the very thing which the board of managers of the Standard expect them to do when they reduce the price market down a cent. . They think they will scare the operators and producers into be lieving that the market will con tinue to break, and in this manner they will be scared into selling the oil which they have been holding for a long time. . While no doubt some of the operators and produc ers may do this very thing, there *re a great many of the old-timers who are onto some of the tricks of the big corporation, and they will continue to hold their oil for the higher market, which is bound to come before the winter is over. It is a fact that along towards the end of the month there is gen erally an advance in the price of credit balances, when there is any advance, which has been a very seldom event for some time, and then shortly after the new month has been ushered in the market will commence to fall off. This fluctuating of the market is done with no other purpose in view than to scare those holding their oil in to selling it, and, of course, in some cases the bluff goes. The Review is candid in saying that it believes there will be an other advance in the price of credit balances in a short time, and it will be a very substantial one. There is no reason why there should be an additional decline, and every rea son why there should be an advance. The stocks of American oil, which is the best in the world, continue to decline, and in the meantime the markets for the product are increas ing and will continue to do so as long as there is any oil to be sold. The great bugbear story about the fields of Russia, India, Sumatra and other countries cutting any figure in the sale of American oil is all rot. None of these oils can come near the American product in quan tity ? the tact is. the majority of these oils are about on a par with the stuff produced in the sulphur ous oil fields of Indiana and in the vicinity of the Li mas in Ohio. Then again, another thing is the fact that despite the increase in the use of electric and gas lights, there is a steady increase in the use of the better grades of illuminating oil in all parts of this and other coun tries, and of course taking all these things into consideration with the fact that the production ot the best grades of oil is falling off each month to such an extent that even the big monopoly ? The Standard Oil com pany ? is getting alarmed and has to resort to all sorts of expedients to get hold of the oil, is it any won der those who are fairly well in formed on the subject think there will be some more advances in the price of credit balances in a short time and that they will be very substantial ones, too. Treat & Crawford have suc ceeded in getting the broken jars out of their well on the Casandra Thomas farm in the southwest ex tension of the -Blk Fork field and the well should be in some time to DRAWN BY IIENRY MAYER. day. It was expected in this morn ing but nothing had been heard from it up to a late hour. It will probably be in this evening or to morrow morning. Brown & Co. have the rig com pleted for their No. 3 on the Duval farm and will comence spudding this evening or tomorrow morning. The Henry & McDonald Oil company are drilling at about 400 feet at No. 3 on the Lloyd Gorrell farm in the northeast extension of the Elk Fork field. The Sun Oil company put the 10-inch casing in their No. 1 011 the Addii farm yesterday and are drill ing at about 400 feet. Treat & Caawford have made the location and are building the rig for their No. 2 on the J. T. A. Hawkins. The rig will be com pleted in a couple of days and it is expected drilling will be com menced the early part of the week. Henry & McDonald have made the location and are building the rigs for their Nos. 2, 3 and 4 on the Margaret A. Gorrell farm. Their No. 1 on this lease is holding up in production nicely at about 150 barrels a day. i Nichols & Barnsdall will com-| mence spudding tomorrow morning at their No. 8 on the Hawkins lease. The rig was completed yes terday and they are rigging up to day. The Eastern Oil company has made the location for their Nos. 1 1 and 12 on the Margaret A. Gorrell lease. The rigs will be completed this week and the wells started to drilling the first of the coming week. The South Penn Oil company will case their No. 4 on the Cun ningham farm with the 8^ tomor row. There is a change today in the oil market, but it is the wrong way. There is nothing alarming in this change, as it is only done for the purpose of frightening pro ducers into selling their oil. The Independent Pipe Line Companies are still paying $1.06 for oil, and the Standard will have to come up to the mark again. Beside this, the shipments will exceed the runs this month by nearly a million barrels. When you also consider the fact that the time of year is nearly here when there will be a greatly increased demand for refined oil, coupled with the fact that there is no new field opened up yet of much dimension, and the summer gone, there is nothing to indicate a decline in the price of crude, and this mark down in price in oil is only to scare peo ple into selling. It is a gauzy move to get oil. Hold on to every barrel of oil you can is the advice of the Oil Review and time will jus tify our assertion that oil is going away up before many weeks roll by. The fact is, we have been ex pecting just such a turn as this. The producers for a wonder have not gone wild over the advance in oil. They have been robbed so un mercifully they lost all heart and almost all hope and seemed deter mined to stand off and let the Standard do its worst. This action on the part of the producers has caused the production to run away down and no prospects of its in creasing very materially. We con fidently expect two dollar oil before spring. We will not be mistaken, unless a very large field should be opened up soon, which is not likely. The talk about the "activity" in Ritchie and Wood counties is nothing but bosh and blow. All the oil the two counties produce would not supply a small city, let alone the world or any great part of it. The stocks are going down at a wonderful rate and a big price for oil will follow as sure as night follows the day. Hold your oil. From Friday's Daily. The southwest extension of the Elk Fork field received a black eye yesterday when the No. i Thomas, Treat & Crawford, was drilled in and was dry. This well was located about a half mile ahead of developments to the west and south of the other develop ments in that part of the field and was a good test of the territory in that direction. It looks very much now as though there was no pos sible way for an outlook to that part of the field. On all sides to the south there has been either a dry hole or a very small producer found and as a result the operators do not think very well of that stuff. The Thomas well was a very im portant one and had it come in good there would be quite a revival of work in that part of the field. The White Oil company located their No. 2 on the Bills farn near St. Marys yesterday. It is a short distance ahead of their No. 1 which was drilled in last week and was dry. Over in the northern extension of the Elk Fork pool, the Little Muskingum Oil company have the rig up and will commence spudding today at their No. 2 on the Martha Thomas farm. Keeler, Kohl & Co. are building a rig for their No. i on the Harvey and will have it completed by to morrow. They will probably com mence spudding by the early part of the week. The Carter Oil company is put ting the timbers on the ground to day for the rig for theii No. i on the Day farm. The expected juggling of prices for credit balances has materalized. On Thursday morning the prices for Pennsylvania oil were reduced from $1.06 to $1.05 per barrel. It was on Tuesday that the price was advanced from $1.04 to $1.06. Now it is quite possible that the "mar kets of the world" may have chang ed in the short period intervening between Tuesday noon and Thurs day morning to "justify" the reduc tion, but in the absence of "self explanitory letters" from Mr. Seep, the trade are quite in the dark as to the true conditions. The Re view has predicted that manipula tion of blackboard prices would take place and an effort be made to shape out credit balances and cer tificate oil, which is being held for higher prices. Just how far the manipulation will be carried de pends entirely upon the extent to which the Standard Oil Co. will expose their cheap methods. Every producer is well aware that for months the price for Penn sylvania oil has been too low, and even with the recent advance is not commensurate with present condi tions. It is not probable that a re duction in price at this period will frighten holders into selling their balances, nor is it probable that such unwarranted manipulation of price will tend to inspire producers with such a great degree of confi dence that the will blindly rush in to reckless drilling operations. It is always to be presumed that there are a certain line of small producers who usually are sellers of their credit balances about the first of each month and it is for these cred it balances that the Standard Oil company demonstrates their cheap methods of manipulation. It has happened at the end of many months and probably will be con tinued. Oil exchange prices were also becoming disagreeably high and prevented the purchase of any con siderable amount of credit balances by the purchasing agencies. On Wednesday the price for certificate oil reached $1.07 which was a cent and a half above the credit bal ance price. Considerable outside inquiry is being made for the cer tificate oil and a few buying orders have been executed. Further reductions in prices may be accompanied by apologies and "self-explanatory letters," but even these will not change the opinion of the producers and holders of oil that prices are much too low. For cheap methods the great Standard Oil company can close the eye of a three card man at a country fair. With the demand for export re fined oil still growing and the fail ure to open any new pools or ma terially increase production from present operators it is quite prob able there will be a merry dance in oleaginous circles before the winter is over and the Standard Oil com pany will be large contributors to the funds for furnishing the music. The Choice. A inerchunt, seeking for a clerk, Addressed two boys as follows: "Bay, boys, which would you rather be? Domestic ducks or swallows?" "I would rather be a swallow, sir," Replied one hoy, with vim, "For swallows 'soar above the earth, While ducks just walk or swim. "And duck9 are such slow, stupid bird?~ Such clumsy, waddling things? They have hard work to walk at all And seldom use their wings." "I'd ruther be a duck, 1 vow!" The other boy replied, "Fer all the needs o' ducks, yer see, Are easily supplied. "They never work ner worry much; They jest trus' ter ther luck, A gently floatin down the etream? Oh. 1 wud bo a duck!" The merchant turned upon his heel? What need to question more? And now the boy who first replied is head clerk m his etore. ? Rufus Clark l^andon in Christian Work. A Patriotic Mistake. Pastor Tompkins ? Bredder'n, you will find do text dis rnawnin in de? first chapter ob Philippines. ? New York Journal. Tutt's Pills Cure All Liver Ills. Perfect Health. Keep the system in perfect or der by the occasional use of Tutt's Liver Pills. They reg ulate the bowels and produce A Vigorous Body. For sick headache, malaria, bil iousness, constipation and kin dred diseases, an absolute cure TUTT'S Liver PILLS 11 "' J ?? I > * ?' ? - A Driller Flffhta Six Tramp*. Lou Williams, an assistant lease" foreman for the Seneca Oil com pany, at Chipmnnk, had an excit ing experience with six tramps yes terday and incidentally carved a name for himself among oil country heroes. Williams entered the boiler house on the lease in the morning and found six men in the building, all lying snugly in every comfort* able place that could be found. Williams ordered the men to get out but one of them, the biggest and ugliest of the sextette, told him to go to Olean, a station located 6 miles below Hades. Williams did not wish to go to such a place and he walked out of tbe boiler house and picking up a big stick of hard wood, he hurled it at the big tramp who had wished him such hard luck. The stick hit the tramp and he jumped up and rushed at Wil liams but the latter had picked up another stick and at the proper time brought it down upon the hobo's head with a dull and sicken ing thud, The tramp dropped to the cold ground hors du combat. Hobo No. 2 made a rush at Wil liams, but he, too, bit the dust with ease and dispatch. The four re maining hoboes did not stand upon the order ot their going, but went at once and Williams went to work as if nothing had happened. When the two fallen hcboes awoke from their dream they gathered them selves up and sneaked away.-^ Bradford Star. Farm For Kale or Rent. on the pike at foot of Pursley Hill. For further particulars call on or address Geo. Holmes, Woodfield, Ohio. Allegheny College. Founded in 1815. Good Tvaditions. Strong Faculty, Unsurpassed Location. Reasonable Expenses. Catalogue sent free of charge to any address upon appli cation to President Crawford, Meadville, Pa. Fall Term opens Sept. 20. 7-20-e o w-5t E. STEWART &C0. Wish to announce their First Grand Fall and Winter Millinery Opening OF FINE PATTERN HATS i AND FRENCH NOV ) ELTIES. ! TuesdajiWednesday October 1 4th and 5th | Call and see the Latest I UP-TO-DATE MIL | LINERY. Yours, E. Stewart i Go. AGENTS FOR ,iVU A UVVVlUUJl _ _ - .11 mrti ? i i