In a method of measuring the stretch of a wire line used in well drilling operations having an upper block with a plurality of sheaves and a traveling block having a plurality of sheaves, a wire line extending between the sheaves of the upper block and the sheaves of the traveling block, with one end of the wire line forming a deadline which extends from a fixed anchor over a dead sheave of the upper block, the steps comprising:
- (a) measuring the entire amount of elastic stretch in the deadline between the fixed anchor and the dead sheave;
- and
- (b) multiplying the total length of the wire line by the ratio of the amount of elastic stretch in the deadline divided by the length of the deadline to provide a measurement of the elastic stretch of the wire line.