The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-05-04
Ny DEALS WERE MADE
Lands at Beaumont, Some of
Them of Importance.
i'm THE FIELD IS PROGRESSING
Who Look into It Are Satisfied
with the Show Which
Is Made.

-.
Unont, Texas, May 3.-There has
10 material change in the situation
Ing the oil development here with.
ekpast few days, but the people con.
Mai some important events are on
'Fa of transporting. Several new wells
uomentarlly expected to gush, and
1han one of these are located out
.Q& the present known field. When
ohtside wells come In, 1t Is believed
nc speculation and excitement Will
|&A higher point than has vet been
and 1t would be strange II 1t did
ING bringing In of wells outside the
1E known field would prove the ex-
3of oil under the territory interyen-
H(ween the new well and the colony
5tters already in and the land values
|Nghoot upward with greater rapility
WAS the case last week.
S#stateu by those who are doing the
- that today has been remnrkai y
5s& and that many deals of various
I'D OF Importance have been closed,
pany more are pending. However,
Hcuiative activity apparent ON the
eof the situation as heretofore. The
|4Feems to he smaller but this may
e In part 10 a great many persons
ng the day In the field. the crowd
EoNering more territory anu thereby
.ring 10 be smaller: Another thing
pas tendency to decrease the NUM-
hspersons In town Is that the week
Isrlng its close, and the people are
.fnring to leave for their homes to
Sunday resting MP for the activity
unexpected for next week.
tcns who visited the oil field today
very encouraging reports from the
Hons and declare that marvellous
rs are being made in the appearance
ngs out there. Two or three days
chat are necessary to transform the
barren spot on the prairie into
OF great activity end convert it into
Sof derrleks. The deirlcks spring UP
Mushrooms and since the excitement
fuced there has been enough e-ectel
Ike an average of three or four for
Jefferson of the Texas Oil and Land
| ny S one of those who went out 20
tells today. and he was very much
ed with the result of his investiga.
Dir. Peterson said the work of build.
. company's derrick on its holdings
~ Iul IN western lltTl OF GIauSS CITY
progressing rapidly. and he WAS sur
on the number of derricks being put
that immediate locality. He sayp that
ieves. the development there Will be
complete than In any other part of
bid.
Haywood Oil company. the company
WINS the Haywood gusher, capitalized
10000. is selling 100000 of its treas
ock for the purpose of carrying its
.pments forward. Mr.. Dewey Hey.
Stated this afternoon that his com
Intended to spend at least 100000
.eloping Its holdings in the field, and
Very cent of the money realized from
.le OF the stock that is being offered
be expended in that manner.
drilling machinery for the well to he
Pwn by the Buffalo Oil company on
|rtheast corner Of its holdings in the
3 survey is now on the ground and
ctor sharpe says he will commence
the well Immediately.
Factor Btackmore has commenced the
n the Citizens Consolidated Oil COM
pm lot - of the w. |. Black first
tn, In the Iowa colony.
Saratoga oil and Pipe Line company
more than 200 feet with its we'll
ndle Top heights, rhe drill went
pa 100 feet of earth Thursday.
Texas GeySer OIL company sent its
pan up to Saratoga today to attend
tters In connection with the com
|nent of operations on the company's
~ in the Walea league, mile east
'atoca.
1fXns Standard oil company ordered
teria today for Its derrick, to he put
TIC I, {. Gaines league, two miles
m Saratoga. The machinery will he
tstomorrow from Aurora, Ill.
" John w. Maddox filed suit in the
conrt against Frank II. Morrical
pm ID. Cameron to compel the trans
an oil lease contract for 1o1 % acres
out of the ]. Rowe league. Ac-
Ito the petition of the defendant.
al obtained an oil lease of the above
~ from Edgar Andrus and others
Fii g, 1901. and on April IL, 1901.
20 transfer the same to the plaintiff
who was to pay for the lease
~ $1,000 and assumed payment of
10 the original lessons. Tho plaintiff
that the above amount has been ten
but that defendant refuses to OK
n transfer of the lease, also that
.. Cameron is asserting some char
Pf4 claim to or interest In The lease.
pct nature of which is to the plant
Known, but whatever right, title or
{ he has in the lease was acquired
fter the rights of plaintiff had been
ID. furthermore, 1t is alleged that
~ and Cameron are threatening to
frtand assign the lease to Their par
following transactions in realty have
led for record since the last report:
dian Trust company to Port Arthur
company, release of mortgage on
! acres to secure payment of 24O0
. valued at 500 each.
R9s u. Anderson and Brooke Smith
y. Waln1 SlpE OIL