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Oil excitement in Western New York.

--A great excitement has recently sprung up among land owners and others in the counties of Western New York — especially in Erie, Chautauqua and Niagara — on account of the discovery of the deposit of oil in some localities, like those in Pennsylvania, Virginia and Ohio, and the indications are that these underground oleaginous deposits exist all through that region of country. Extensive preparations are making to bore for oil and secure it if found, and the price of land is going up.

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