The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-07-02
| CARRYING VESSELS.
Ire Of Them Cleared from Sabine in
\ Two Days.
U|lr on A LOw-PRIcED CONTRACT
nhhttsn Stockholders Authorized the
Issue Of Preferred Stock but 1t
VIII Not Be Put Out.

--
eaImont, Texas. July To-day mas
n q busy one for the oil people and
6ttie has been given out OF newsy
urei Reports received this morning
wv fhnt yesterday was the largest oil
att Sabine Pass in point of number
Vessels arrived that has yet been known.
le VESSELS were In port and they had
|otaf capacity Of 5000 barrels. To-day
lis said that they are either cleared
ARD ready for clearing. This is the
p pleasing featuS about the oil pusi-
+. The quick dispatch with which the
eelEs can be handled makes the freight
ks lighter on water shipments and it
les world of worry off the sailor
p. EThe vessels to arrive yesterday were
steamer Maverick and barges 81 ana
Sfandard tug and barge 90, and the
trles Clarke l. Co. tug and barges No.
+ Iand ). 1t made the scene busy
Ping one, with all Of them coming in
their berths, and the Sabine passites
3not know Of a day when such vol
OF tonnage has arrived scattered In
hany different vessels,
~
h the annual meeting OF the Manhattan
k3ompany there was q large repre-
ion present, over 10000 shares beng
re'ented either IN person or by proxy.
~ reading the annual report of the
Wi9ry. showing the company in a
condition and preparing TO
fket oil In large quantities, tina same
3 adopted and the following directors
fted by unanimous vote Of the stock
ders: b. Il. NTvell. T. y. Reed, J.
Keith and Henry Miller of Beaumont
ia. j. Condit of Houston.
IA Important matter that came up and
III passed upon was the proposition 70
20 100000 of preferred stock bearing
III per cent dividend. This proposition
1sbeen submitted TO n direct vote of the
ckhoiders and was carried by a vote
~ decided by the new directory, the
ckholders concurrlng. that none of these
10s should be issued, as other arrange
'nfs had been made for financing the
many which would not require the issu-
ce OF any additional stock.
NE directory met and elected the fol-
rtng officers for the ensuing year: b..
Norvell of Beaumont, president: I. S.
e4 " Beaumont, vice president; j, r.
&th OF Beaumont. treasurer; Henry
lfef OF Beaumont, secretary and general
nager.
;il#
|s3H Bright, general manager of the
IND an-American OIL company, has return
HON an extended visit to Chicago and
her points in the North. He was accom-
MED bnck to Beaumont by his brother,
DE Bright Of New York.
T4f some time the oil producers have
Al expecting suits to be brought on a
A Ion of contract for the delivery of oil
the first one was fled. r. =.
lion has filed suit against the Peoples
accompany ct al, alleging that on April
n 1902, defendant made a contract with
1E. Todd & Co. for the sale Of 10000
414ls of crude petroleum per month for
of one year at cents per bar
|;&that this contract was affirmed and
He'd by the board of directors of the
utany on April 10, 1902; that on July 9,
fG. Todd assigned for valuable consid-
R<1pn all his rights and interest in the
n{tact to ], L. Hudson and Hudson on
me- IL assigned and delivered the con-
sct to the plaintiff; that thereupon plain
/ Proceeded to carry out his part Of the
ntTact; that under the contract IL de-
4ved upon the purchaser of the oil TO
rle pipe line, build tanks and make nil
oaesary connections incident to the de-
cry Of the oil by defendants that plain
made all the improvements at the ex-
nse Of $1,000; that when 1t became neces.
~ ITO make the proper attachments with
e well defendants agent and manager
oo6 guard over the well and with threat }
1tA plaintiffs workmen objected to max
& the connections; that PLAINTIFF was
3dy 20 accept the oil and pay for 1t, yet
f41dant neglected and refused TO deliver
merely plaintiff has been deprived of
IL and profit in the sum OF $4,000.
~ plaintiff says that the said well Is
thn In
3u<<r and would have easily run 1000
Ir20ls per day or 100000 barrels per
ontk. Wherefore plaintiff prays for judg'
entifor the full amount OF his damage In
&S6nm OF $4,000
kl8sfns stock went to $40 on the exchange
az being a further advance Of 81 per
40 over yesterdays asked price. 1t II
s. at no sales were made at this figure,
Il if shows that there is absolutely none
the market offering ct lower price
III that and that there Is renewed con
|anca in the entire list of stocks, for here
fore the lead that Higgins has taken has
en- IA almost every case followed up. Inc
ansactions of the exchange today were u'
sAIEs.
National. $4,000 sh'.res al
5000 shares at 215c.
Cold Eagle, 800 shares at 10c.
kfisaouri. Kansas and Texas, 5000 shares
Dividend, 5000 shares at 1c.
Beaumont Oil and Mineral, 10000 shares
7c.
ONT o. b. Gladys - >,
!, ,..:,.......:...'.'.........12A z,
10 Flow of Arteeian Water at Humble
Humble, Texas. June 30-A big flow OF
'tesian water was struck In the Hart
edor well a few days ago at a depth o.
,out $50 feet. The water, and with 1t
1e eand, gushed high over the casing anC
o force was evidently increased by gal
.aesnrc.
a carload of four-inch pipe arrived her,
day with which to finish the well. They
70 now on hard rock and the indication
e nd TO be very fiattering; there hai
t3n ras pockets and small strata Of Of
>arlX all the way down since the big ga
oWQqt q month ago. No strangers ar
lowed near the derrick and no lnforma
~ Al given out,
4o1gnel is only fifteen indies from Hous