The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-10-30
PLENTY OF PRESSURE.
Capacity Of the Gauge Was Reached
by One Of the Wells.
A BIG OIL VESSEL ISSAlD TOBR COMING
sad to Be the LARGEST in the World.
Biz Transaction Reported in The
Post Confirmed.

Beaumont. Texas. October % Though
several tests have been made or late.
nothing has been yet found 10 warrant the
nellet mat the pressure under spindle Top
Is decreasing. pressure gauge was placed
on the well Of the Trausmlssssippl oil
company late yesterday afternoon which
made remarkable showing. The hand on
ihe gauge Indicated pressure OF 200
pounds the limit " the gauges measuring
l"Wer, and from the force With which the
9Ahu spun around 70 that polnt II was evil
dent that the real pressure was far in
excess Of 100 pounds The pressure scare
which was started two or three weeks ago
seems 90 nave run Its course, the recent
tests having clearly demonstrated that
hin. ''N' way
~
The San Jacuto oil compauy's No. 1 Is
having trouble with gas hlowouts. The last
one covered the machinery with heavy
coating OF mud. This we'll is on the ex-
IRENE north Of the field.
~
The reported sale Of eight guaranteed
gushers to L, w Spear Of New York by
George c. vldetto Of this city, exclusively
announced In The Post, having been aues
toned. The Post correspondent made IN
quries about the transfer. ascertaining that
the sale was made out of the Keith Ward
tract but from land previously sold to a
third party The Post correspondent has it
on the best Of authority that the sale was
genuine,
~
The work Of drilling the Lucas well was
commenced October q, 1900. and one year
from that date. on the 27th Of the present
month, the Cordine, which is said to be
the largest oil.corryng vessel in the world,
sailed from Philadelphia Tor Port Arthur to
take on a cargo Of Beaumont oil destined
for Europe This vessel, which has a ca
pacity of 600o0 barrels OF oil, belongs to
the Shell Transport aud Trading company,
the English concern that Will act as En
ropean distributing agent for the j. NJ.
Gufcy Petroleum company The oil VIII
come from the Guffey company's refinery
at Port Arthur. but as II Is Intended for
fuel it will only have the sulphur removed
from 1t before being loaded The Cordinc
Is expected to reach Fort Arthur within
eight days.
The Citizens Consolidated we'll Is giving
the drlllers much trouble Various accidents
have delayed the drilling Of this well, 1t
should have spouted two or three weeks
ago, but still more work will be necessary.
Or. G. Il. Forward mas returned 10 TINS
city after an absence Of several weeks.
He says that the machinery for the For
ward Reduction companys refinery is being
manufactured at different places in the
East and that he expects 10 have the re
inery well under way by January !. The
shipment Of the machinery will begin, he
says as soon as a site Is selected.
~
The following sales Of stock were made
today on tho Beaumont oil exchange.
100 shares Manhattan at 53c.
500 shares Manhattan AZ 42c.
$500 shares Manhattan at 40c.
5000 shares Anglo American az zoe.
1000 shares Enterprise at Sc.
100 shares German American AZ SllO.
800 6hares National on and Pipe line at
4Oc
500 shares Buffalo at Zoe.
500 shares Lucky Dime at l2c.
80 shares Higgins at $40.