The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-06-06

|rTTVITY IN OIL LAND.
,.absr q Sales Made by the
Hofg.Swayne Syndicate.
Il PRICES ARE BEING PAID FOR IT
:, Spindle Top in the Proven
p.,a--Another Well Near the
Kelly Decided On.

r,dlcate sold portion Of Its
fisne - splndle Top tonight TO former
2''ass charles A. Towne and his asso-
~ ~ $4,000 and the check for the
M orlce was deposited. Mr.. Towne
4 49, as,.. with him will organize the Elk
al and Pipe Line company, OF which
A Toune will be president.
\ ~ sale made by w. T. Campbell
i II. srayne syndicate consisted of two
- quarter acres on Spindle Top to
u,vne and w. P. Brown, repre-.
~, New Orleans syndicate, the price
- ,gnWO. A certified check for
,mount was placed on deposit In the
$3.50 hank. Mfr. Brown IS a director in
rnion National bank Of New Orleans,
krsiter b. Sharp and u X. Beatty today
|Iss ausrter Of an acre on Spindle Top
I'm t5ey bought ten days ago. The
*e paid was $4,000
II. orleans. Beaumont oil and Land com.
In I, New Orleans was represented on
4. AID today by Messrs. 4. T. Thompson,
srr,uee Fabacher aad c. o. Ellis, who
2..hes4d for their company trac. of
N an Spindle Top Heights. Their pur-
y. iies 3Sl feet from the Haywood and
I'm wells. The price paid and the size
4 Ne tract is not made public.
vas thought some time ago that there
6uN be little more speculation In land
I Spindle Top Heights, since the price
4, ,,re was so high as to make specula-
impractical However, the purchase
\ stt.ep acres OF land on the hill by the
&r,.swayne syndicate seems to have been
H. more than a speculation, since the
s,d Il now being sold in small tracts to
h companies and individuals, principally
4 tbe former
H. selling Of this land in small tracts
b sullyened the situation in the field and
m Is much activity among the various
|,rshasers NJ this land In getting derricks
"A ard machinery on the ground, II Is
IL certain that several nbw wells will
Il contracted for this week. and If the
&smsnt Of those who will put them down
*nreci, there will be several more gush-
II 10 the held within six or eight weeks.
lborrror benton McMlllln Of Tennessee
tbov among Beaumont's distinguished Wis.
rs having arrived here tonight from
La, where he delivered an address
4 lie commencement of the Industrial IN.
Note When The Post correspondents
#rg entertained by former Governor
*rg Governor McMllHn's friends say he
Haere 10 make an Investment and it Is
&tently reported that he will he inter.
Nj With former Senator Charles A.
5Ene However, the governor said moth
IS to ais plans tonight and retired
III; vi. W. l.. Foster, a member of the
*aaana railroad commission, accompanied
|Eefror McMlllin to Beaumont.
&ia meeting of the stockholders of the
pas and New Orleans Oil company held
afternoon the question of boring
n well on the company's property was
USED and the discussion resulted in an
cement to make a thorough test OF the
KpertI for OIL
etslthstanding the failure OF their hrst
we Kelly. the stockholders still he
~ NJ underlies the company's land and
eelernne the question they will drill
Ell z the depth Of 1000 or 1000 feet on
s9utneast corner of the company'S
lngs about 1000 feet nearer the proven
llsn me Kelly well 1t Is said by
se Interested that the work will he mi.
lesen as soon as the machinery can he
N 81 ana The driller will have Instructions
&p . depth OF 1000 feet II possible
s ne should strike oil before that
p Is reached
= Kelly well, the history of which is
l'lar to people all over the country,
"a De set down rs "duster," with no
= Of being anything else. While this
1naton Is not entirely new, the fact
re well has been abandoned and the
.teV moved away makes IL certain
d. wen Is TO be permanently known
Sassf The hopes Of thousands, il
SAG, were tied up in this well.
sM than thousand persons. per.
49, 49, directly Interested in the well.
s rppls generally seemed to think that
~ ussvuent OF the proved field hinged
neiE well. Just why this was the
,S ~" apparent, for wells are being
M !, ~ Almost every direction from the
k.w spsneIs on the hill, and any One
s,nI,,ssa oIin be Of as much value In
n, IN W. me extent of the oil deposit rs
wsl nnieh was used Ia put down the
MI aas been shipped to Jennings,
ga ~ u VIII be used to put down
~ scott Haywood.
~
Fl 4. eu,lamus we'll No. 3. situated on
seH S2Oacre tract. in the David
NAsue. near the Neches river, has
'Auslng some excitement. but the
H ieBsS, YET far enough down to make
u, WI showing. At depth of less
+ isS reet, Mr.. Paulhamus saws. n
III r., gas sand 10 feet thick was
X dir Tween eOO0 and 1000 feet down
" 'ften t0i through a hard rock and
~ ana wo anu 800 feet more rock and
Ne surniI strtck. At this depth the
a snl ibs use, USED in the drilling gave
f bc,a, If. Paulhamus states that while
20 Wers STRIKE oil, the present indIcu-
~ stst ot dennlte enough on which
+ Fiike III III tement that he really expects
"a sisienent. ne Is very conservative in
Prs sre "a regarding the well, and its
NJ wen on the hill.
En-, - OIL company, which is now
N sts,tl,I O'ocA 8 OF Spindle Top Heights,
"a rh.s 4 second well on the Chaison
dssp IA nrst well is now about 500
"a 'u Tue drill is In rock.
"a. ~
atea /, a me haskemp oil company.
.|tsta NH. o'ock 0 Of the Bullock league,
81 A,s northwest Of the Kelly we'll,
81 = ~ iSssnua,o sed as dry hole at a
+ low AZ r Get AZ a depth OF 1000
I've the,1 lne drillers saw nothing
1 encouragement. The web
81 l2NnnAsn RH