The Oil City Derrick from Oil City, Pennsylvania • Page 10

THE OIL CITY DERRICK. WEinNMUAY MORNING. JULY I SI. 1933. Derrick's Oil Quotations, Closing Stock Prices and A.

A 3 REVIEW OF STOCK. MARKET DEVELOPMENTS Stocks Record Met Advance After Another Wild Session; Equities are Feature By JOHN COOI.EY rwss Financial Writer) York. July 3 stoclis They emerged lain, which th What the Stock Market Did By The Aaiwclat 5 OIL FEATURES of the DERRICK Day A Crude Oil PrlcW-- Beflned TroducU Twik Bun. and SklpimnH. Every Week A Oil Field Mwket National Pri.ducllon A uret-- Detailed Eaitern Beporto.

1 tver-M Month Eastern Line S. Bureau ot Mlnei Figures-- Detailed Completions Report. A A A A A A A A A A A A A A A A A A Oil Halle a Eric Grea Him iX-m New York and Other Stocks New York Slocks CURB DISTURBED I BY PROFIT TAKING NEW LOCATIONS POTTER COUNTY ARE ANNOUNCED SCOUTS REPORT IN TEXAS FIELD MUCH ACTIVITY 3'i-i 31'i 32 15 climb over considerable profit tak ing to hold Us advance. As in recent sessions', foreign obll- a gallons, especially the South Amer- I lean, In demand, hut many i moatic corporation Io na ec tk'3 were dull and moderately Irreg- i roat tak- OBIO ou Increuu Illinois. New Yorli, July profit ttklns in the distillery group was a disturbing Influence on the "i I curb exchange today and the gen- 9 i oral orarket closed hardly betto- than steady.

Volume was asaii ipnroxtaatlng 1.502,000 Antonio, Texas. July 50 new locaticns Jd in Southwest past week, which it? about twl i i trA Lima. 50 cems erjia- Juh- u--Ohio Ol! 3 I M- epd JIOTOHS A ACCliSSOIUlfS shares' compared wilh 1,405.000 yesterday. Utilities were quiet and leade like Electric Bond Share al American Ois Electric showed negligible changes. Oils were mixed.

Humble traction while Gulf eased I Mo UlUl On affair. Gold Briultles rromlnniL cam? intr. promt brokerase Site totaled S19.T57.om par value, a point to another new yrafa hijli i i test K'i 33'i roved li ur le.t H'-. K', i slightly. 15 near list ralBO i.

I'S I Amonff the alcohol stocks son! H-I-TM, 'it? I recovery was staged el the finis i but losses at the close ranged 4 10 pour i'acliirJ Jloiu'r i Bolnts in Hiram Walker, Cam jV -U' i dian industrial wcohoi A and DI i "Kick. I'Qlor. HC-lv 71 I tillers Corporatlon-Seagra it iiQ i'-s I A iiitl Vef 'J -1 A report of North Tier gas field, scouts, filed at Wcllsboro, indicates thc 1 progress on nine Potter county my Hi (or any week for several anthii and about three times as operatlcns. Potter Development ha reached a depth on mter. Hebron; Sylvania The past week saw some further Natura Atlantic Sea- estensicne to the North Govern- 11 ihe Heywood Ze- ment welb pool which is sraduaW boa'd.

1,8 flllln out in three dnections and Eulolla G. while now the biggest pool in a a feet on the Estes. Laredo distrixt is due forborne ln HunglviUB Develop- ct on the No. 1 While. E.

Updegraff has sus- ities at 4,930 feet on the Hebron: J. B. fhcr ewansion. Magnolia Peuoleum company made location for thc i No 1 Hani-Sutherland, 1,210 feet I nenron v. from the north line 150 feet Penuea oc from the west line of suivey No.

'No. 1 V. STKHI.S St F.SS- SI which is an ea.fofSt'Yo the on Storey and Seacord No. 3 Lundell i fe Qn he 1 Coylc. AI- that "came in the week before ex-1 Bo(1 cra l.l.'al tending the Held more a half I Hebron: and Hun- mile south.

It has been gauged and the 1 tcet a broken, houses heard tlvil the conslderinc a Ire-; ing income 32.13«W*1 (hirinir H( 5032. si: mcr.Ihs net operat- Bu: Melatyri-, A i I in (s.2fi6,000 againrt Do.TM 3 to 746,000 in 1532. according- to J. and company. PeQDtoll poItlDE: SatlonBl Trnuslt tint-.

Tnnk Wazon Prices The I i i I a tt. Atlantic City New York Banlw eiioi-tti! liy .1. S. nnclie in i' laiK- I "iviile at 2,063 feu- --ported as 150 barrels clai smrdcvtf.t Hebron. Tioga jj.

i when choked down to the allowable 3 the of the gas production in i i f-act. Shlpjien. i mcc i the of tile Held. State. Carl a're drilling at 2.100 fret on the Kipp.

Torrey; Bclmonl Quadrnrfgle Is drillin- at 2,435 feet on tne Chapman, Ovid- Syracuse Alliance com- panv is drilling al 2,430 feet on thc 2 Jv.ius; red ly In the new pool il Stewart and two jnpnhwcst of thc North Government wells pool the Reynasa Oil corporation No. 1 Duva! county Ranch In survey N.O. 362 a i ist diagonal offset to thc Magno- i a ti is drilling nt 3.486 ecott. intc nolldat'd Gas nf Haiti res-jlar divider oust diagonal offset to tnc a ts 0 is drilling nt 3.4eb Ha discover; oil well is in i fl ghow of ga on thc No. 1 at the close of the at 2.261-6fi a i Dansvillc; Kerr Kauf- with Msinp set at feel i i at feet on i 111 i and wa due t(i drili hl OVCr i thc No.

1 SmHli, Allen; Blngham Null 15i i weekend. The core was saturated a (i im ng at 300 feet on the Tr lin it stopped in tht- sand and is Al i Rathbone- Hanlcy Bin! i i i a about the same depth a fi the Mag- are 1.550 feet CM the No. 1 a i 1 1 nolia well and looks sure 10 make gla ftt A Ucn; Adams et al. an. Nat! Si 1 some hind of producing oil well, jHj a 't 1,535 feet on the Callum, if, Thc teat that it offsets Greit Northern Gas Standard Oil SlocUs tt -as standardized and is simk'ng 05 JV drilling at 400 feel on thc As reported l.y ft (HI barrels of oil daily and no water.

Ra Pheliis; i ncSoto To Try Again i Feterman etal aie driiling ot 300 Company report, Wpcrneater. Canada Dry i which aid no.t open "if-irK- r.oon, i a New York. July 1 f'ake Onlv rail June r.t-t opi ost und to Commercial 3. Standard Solvent; slipped frrr IT American Santa Fc. Southern iVciW.

XntSrm! Biscuit. Allied Union Carbide, hem. American Can. and GtTicrnl Mfitftrs rangfid from British pound and franc went to new higha. approaoht.l itld piri Report? from scrap! i that prices ar? -1th srr.al! moving n' the peak i a Grade- Pipt tinea, north of Alleghen BatlBr county Unc Incln tug BnU-r.

VenRnBo. Clario wford, roreit una Warre Crude Oil In So lists Urafle Oil la En of renewed a i i in thc cr-idc nil market ar; having i poam-fl'vonln Grade in firnr-r price schedules i "tint Co. UBBB r.r Honie by ihstrihutor." omerM cnado (Ohio is reported or. pxpt-clalioria of i i somonat Craile (A llu-r price Wo.iem" x'eaUe'ky Princeton Mntkeffon," Mich OH BIldl.it Mich -nr 1 Petrt'lla. Csnafla PillsblirRli Slncli.i l)v I a Government Dlstric Th TODAY'S CROSS WORD PUZZLF a U'lHTK 1 i "crMk" Basin OIIIJF COAST Humble 01! ft Co.

i i i a of 10 abfivs at I.e.- MTD-CONTINENT Mnjrnnllrt Petroleum Co. Vorth Hnrt Nor tit a Tt issr i i 1 's; oa Kr 30.0 points .17.0 150 "...15.0 15.0 .90 AlBxanflrU 17-3 1.75 Casper, wjo. 1B.O 1.00 Hoi Philadelphia .73 I Pltt.linrCll ncSoto To Try Apvlii i Felerman etal aie driiling ot 300 DcSoto Oil company I. feet on the Dennlnston, PhclpV: 660 feet eaet of the No. 1 for the! and Dearth etal i at 100 -i'' No.

2 Wood-Wdder in survey 211 feel on the Rlpley. Junto. -I. i i i three miles noitheast of the North Reed etr.l are nshmg at 1.200 feet I Government Wells Held. The No.

1 on the Quinlin Oil campmy ni' came in a dry well In the Clean. Geneva Nilural Gas Is 4 Government Well, il three down at 3.807 feet or. the i'' a half miles east and a mile nor. Phelps; Dorr Marhn eta, and 1 no.th Of Ihe Magnolia -discoven-i a 1,320 feet on the 5 weli In 363 and ivith indiea- yer. Cameron; Boek Clly Oil and lions of production three miles Gas company Ie shut down on tho i northeast and ai'o ailes north- Morman Hill lot.

Manchester; John '-'n i west of the Noilh Government i E. Koydendell is shut down at 620 the Government Welb pool feet on thc Dowden, a pushing a i i it dililcuit Beimont Qnidranele if shut down to a what the conditions are at 2.1S1 feel with a flow of salt -olns to prove out to be. Some i water on Ihe No. 2 Best, have looked on the JlaRnolla well Alliance company caa- on the northwest as really an c.t- i Ihe Evans. Tyre, at 62) feet, ions-ion of Hie Koilh nm-ernment 1 Tom Boise is i1 5 on tne Well, poo, and the DcSoto's Harjer.

Galen, a. a Ijal- 11 main i it "Oil 1 S'l llral GaB on 1 a nSrZn Wri-zW, Rcod. etal ar mov- that direction. ou thc ThunPt on. link-ones Fault Zonn et utal niovlnp in One of the main features of thc on iie Na Patrick, Phelps.

Balconi's Fault zonn this week is rnian etal icporta a location on location by the Amerada the We i ch Estate, Waterloo, as Petroleum for another doC3 the Biendel-Kemrow company deep test to thi E-lwards lime in on thc Vincent, Allen. Frlo county about seven inilns llral lust whicli Piltsburcli Protliiro Jsilj- la Dcpar'mpnt rf of llral test which Tp CT was 01 the HiiKT A farm The new last is Ihe No. 1 I Urtil TT LiJ 1 FIELD IS QUIET Frank Dierlnt; and Is 31 feet from thc line nnd 3,700 feet from the south line of Tract No. 7 in M-aiia Louisa Carranza Survey Xo. 307.

i Amcrada's hlock of acres iic 3 or ss; i sua. itral Held from the city of 3 thc center of the company's block. Indiana and Illinois fields. The central Ohio field leads Transit Ca ttlow 5S pn i nu'wlitascn 1 COMPLETION nf Upton, i nn i of fool of the oik Ji--Dry name for 37--Kcrpents 4 A in cut '5--Accomplished Ictier 57--Enylcs j-I--yarns 61--Smnli bullets fii--Oc quest hud cooklnK pot rt 65 --Dm nkanl 72--Ireland 7l--N'ot 7S--Kind of fruit DOWN S--A color, mcnsuro 11-- I 11--Gel 30--lie-trcatn S3--Ancienl Ilomnn inaRlsirata IT--I'rlcstly linen vestment 40--Tiny solf mound 41--llron-lnt mllW 47--Tirdy 49--A flower Uclny him fiTr--fJanie played on hnr.i'-n Sii--At no Hrni fiO--IVast of the Junsli poet In drops rs-- Kpot-ti tor I I Springs. I.GO.

5 vlllr. null li-iyou. Cotton a J.30 and tnillns i 0 nnrt dI Licknort rk "LT 0 TMTM rrxvlty 3 wllli i i a of two to ct i.K nnd 2 4 anfl above nt J.6:. rtlMrlci nncl field, below a 1.:: i i 5 8 aBlU- ucTE 6 I 5 Live Sloclt UutTnlo, X. July IP--- 300; lOc liicher.

Cholc ms up to iinrtn n.oo-fn.;.0; i "vn 1 T4nlfT X- nnTnllCiniCT tv wiuu ii---- TM 2u, lTMhl 'levelopmcnl in all other flelds ot the Edn-nriis Unit ivith sil.T"t there 1 amount of oi, at C.302-,2 ieet mg mainly water. holes 15 FOUND TO BE ir.c: liolre, Sh err 400; nte.vlv; lamli ost' PVP nnd wcthi-r lamlis For some months there has bee uch interests in these deep tests Edwnrds lime. Humble Oil RcflnJig company's No. Hardy In Wilson county at feet late last week was in the; Buda topped at 5,010 feet. Last a pas wells, while the old Lima shows but 40 completions with 76S ells, -with nnd Ot lohn W.

Merry, section 32, Krank Ellison and otlie rlth 31 i (o nhoi- Refinery Prices GASOLINE' AND NAPHTHA Fennftylvnntn KKROSKVK rcnnsylrnnln i FUEI. Olt Ponnnylvnnln 3 I ciiunis WAX J8 ridge port, Bond Bond county A- 1. A Lhcr.s test on the 1 i drilling No. 2 rn tile Abe Pleasant, i' A In the of section 3C, Robin- jn township, Crawford county. F.

C. HavcIIa is drilling teat on thc i T. C. Havelln, IP. Madison county, and In 21, Ft.

Ruasell towi- A rer ahlp. OH City. r.i. Alspauah. Mason Ashby i i i drilllni' a trcl on the Marllm A i i i Cyim-iitiM Flips, section 22, 01,1 RIpIcy town-! Amu risiw -t nontl Wlmbuah nu others nro drilling a test Al John WimtniFh, section luha Aswi 'liis nshij), Marlon county.

Bryant Iv'tm a nl nro shut down a i Tcot In IL on the Ocorsr seciiur. 33. Sandoval town Hhip, name county. New Yorlt Curb It)' J. Closing Treasury tl( jict pfd Ford Motor.

CAB LOCAL PRODUCE WHOLESALE PRICES and Indiana 73 I but 363 bar; els. The host oil completion in tin topped nia ficM WOH i by Koinei ll and others in a teat on the Loul; through some serpentine but It fall-1 ed to mnhe any showing some gsff, Tcallnp Acid in- Austin Chalk wells with acid. i Webster Oil Gas company's iy a A i In ofTcriiie j. A McCrory in Caldwclj "iiwicl! Viiilu'cl fame in a vcar or eo aeo Brandt, in Wytndot county, with nn initial of 300 barrels, tne oil be- In-- found in the. Trenton Lime, during May, while in June, a 150 bar- it- rci producer was found In the sair iinj pluiiKc o( (jraln vnl-if arlty momentn.rlly up I lin.it as high AS ft Wheat closed ncrvouc, under last tran I i dpn'n.

nnd i rji- ami barley county, nnj is tfte best producing, urea In the Lima Held at this time. Central Ohio Held is more for that came mVvoar or GO ago now- than oil ond been one of cd a pretty ood amount for a the dependable fields for al- tiine was given a Hght treatment though an occasional good oil pro- mths ago which helped a ducer sho a It has since been given i bigg treatment and from a production of und 14 barrels dally came up Kiit'l llrn'lf i I'oW Am AH a- I i rnnn nn.lanl Oil 7,: ilft I'rtid 17-4 Oil. Indiana lias also developed quite a heavy volume of during the half year In review, with Gibs Kind not "yet nnd" Pike counties leading. In Jan- cleaned out cubic feet as well Oedon A Reed havn trontcj 0 of their teats in the new Riddle pno Kno En- imterajastrop i i i on No 2 Sa mp- Icy. same county, was reported with a volumo of 15,000,000 cubic feet.

i Illinois Is dolnc but liltlc in drill- ilouht i the No. 1 Talley three drums add nnd the No. 1-A C. TJ. Hlddie stx drums of add.

This pool which li-as been called the Riddle pool by some because In r'op has mainly on Kiddle land been named by the geologist fioHnty of San Antonto the North Dale pool. It is cnly a short dbionee north of thc Dale pool, with production at nhout thn same depth antl some outlying producers between them seeniH to link tho two together. ng i seen its day, bavin? been one of th IITRC producing fields of the cen- ii nre tral A nlmplo vacuum unit, has been developed for cooling In summer a house that has steam hMllnp' plant for i 4 i t. wl. IE.

37. Nn. i 1 I 16; No. 1 a i 1 I i liard. .11.14 i Mrs.

Gertrude Howler of Shehoy- a Democratic a i a comm III nn woman for Wisconsin, may become a candidate for the United HUlM hcniitft Senator Hob- i See Classified Page.