The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-05-23
D. {. hirshfield Has Made a thorough
Investigation Of II.
THERE IS RUMOR OF A CONSOLIDATION
Beatty and NJ, K & T. Companies Are
Said to Be Figuring on lt--one
Clear Statement Sent Out.

the whole. MIR Hlrshheld saws that hr
procured the clod OF asphalt on the top
OF the ground and that ne simply took an
axe and cut 1t. He has Il ON exhibition IN
his office. and this morning when The Post
correspondent called he cut on piece and |
struck match to IT, II burned freely. /
bllstcring as 1t burned just as rubber does,
and II had the odur Of asphalt and rubber |
combined. The substance is not regarded |
by Mir lllrshned as so valuable IN itself |
as that II indicates 10 certainty thar oil |
Is going to be found In very large quaint !
tics underneath the place. II WAS taken |
ne pond Is continually bubblng like 80 |
much soda water all the time. II Is thor |
oughy pcgmcated with gas, but the odor OF |
me gas Is that OF asphalt and not iike thar
great believer in the future OF Saratoga, |
and declares that II Is going to he a great
held. lie thinks that the looks well No, :
IS p'ing TO come In MS gusher OF strong |
force when It does show up. lie states
that this particular well has had seven
blowout since the drill has been going
down and that Hooks No. !, which Is now
producing at the rate of 1000 barrels
day, ala not have any hlowoutS at all This
led him to the belief that the field Is
going 10 br great and the distance vi the
NO ] from the No. makes him think That
inc hrst we'll was simply Il sort Of side
stream from the No formation and tnat
the latter viii make a gusher like those
"a Hpnuie Top. an an. 5huc,d mas prop.
city at both spindle Top and saratoga, and
Is therefore not prcjudiced in any manner
toward either the one OF the other,
The Missouri, Kansas and Texas oil com
nany well No, 3 came in late tonight and y
one of the strongest in the field 1t came
u with little or no coaxing In the way of
battling and the force was something ter
r-hc.
Some months ago there was considerable
talk about the combination of forces as re-
CARDS the smaller companies and in many
instances II was even rumorod that tine
larger concerns were figuring on consolidai-
ing or getting together in some manner for
sclf-protection. These rumors died away
and nothing has been said recently either
about large or small companies forming
common band until today there was car
rent street rumor that the Bcntty on com
pauy and the Missouri. Kansas and Tex
on company would consolidate their in
tereSts md that 1t would he beneficial 20
The stockholders for such thing to occur.
These two concerns are among the most
active on tho field.
~
The Beatty oil company today closed a
contract with Hamn Brothers Forncy
for we'll on block 80. This will be their
second well on Spindle Top. It Is TO be
started I'm tho next day or two ana the
contractors are going to try to break a re
ord or two on IT,
y. A. Pnulhamus today began drilling tw1
new wells One IS on the Lone Acre ira {
and Is said TO he FOR himself while the
other is for the Lone STIR aud Crescent
OH company on the tract owned by thnt
company II will he their No 3 well. \
statement was made IN Tho Post not many
dave since about the extensive shipments
by water that they are making and this Is
simply following up that performance he.
cause the demand with them seems
1 stronger 8'l the time
| Mr. Paulhamus himself is now In tn"
| Fast where he has been for the past two
| weeks. hut he has written that he will re-
/ turn home about June l.
| ~
| James r. Weed is one Of the large Sour
/ Lake owners and states that he has great
| faith in that field. He and n. II. Kirby
| own big tract adjoining the proven terri
| tory and Mr. Weed thinks they have good
thing lie says that he is In good company
n.so from tho fact that Higgins OH and
| Fuel company and tho Guffcy Petroleum
| company have Just become largely inter
csted there by reason OF the settlement OF
| the big suit there.
D. r. Beatty, one Of the Spindle Top pl
oneer oil men. is again In Beaumont after
an extended absence. He is now looking
after the Missouri, Kansas and Texas oil
company and the Beatty OH company with
headquarters in st. Louis.
James W Svayme accepted a Gusher on
block 81 today from Messrs. Harper & Lea
The safety committee held ar important
meeting tonight for the purpose Of going
| further into the matter OF the protection
Of the oil felds from the bad way NJ drli
ing the wells by the use Of too much mud
and water
There Is continued activity on Spindle
lop In a real estate way and today's filingi
show about what the average viii run. Thu
prices for the acreage are being main
talned: in fact there is some advance II
the price OF land that is in the proven ter
rtory The following are today's deed
dled with the county clerk for recording;
L. V. Heyden TO j. c. Ward, southeas
half OF lot 10, block 33, Gladys city S6Ot
George B. Meeeham 10 tue Magnolia OF
! and Transportation company, IA ny II fee
; in John A. veatch survey; 81 and othe
, considerations.
4. c. Stribllng TO II, S. Chamberlain
, part ~ block 81, Spindle Top; 5000.
r. l. Cox to Waco-Bcaumont OH con
,, p0ry, 1l64 IN block IS, Spindle Top; 81
~
Martin Howard, general manager OF th
Central Asphalt and Refining company
, in Beaumont today from his headquarters
i at Chicago. He Is here TO look over III
, big plant the company is building at Pc
+. Nechos on the river below the city. II
seems highly pleased with the prOgres
T. his company Is making and thinks tha
q there will be no trouble in getting m
I plant started by July If there is no NJ
. foreseen mlshap.
= @. S. Cummings, manager OF the Create
New York Home OF company and ais
. the cashier OF the Alvin Exchange bank.
: IN The city today looking after the int
e ,sts OF his company. tug AMI thr'
hsrees arrived at Sabine Pass for the co..
ranv this afternoon and will be placed n
q mndiately In the service ont or Fort Artn'
Y ,,ith beaumont fuel oil for sole toni
= Thcre are 10 he added % the Meet nve =. n
harees and two more tugs. the holf m
! .rrived today was overdue, hut me "A
. go tbat they put into New Orlean y 70
w We I'M