The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-05-10
ME PRICE OF THE OIL.
Il Is Held Steadily at twenty-five
I Cents t. o, b. Gladys.
sS EXHIBITION OF DRILLING FOR TODAY
H. Water viii Be Used and the Object
Lesson Is Expected to Accomplish
Some Good.

beaumont. Texas May 9.-The statement
IN The Post representative. who was In
beaumont yesterday, was reproduced in this
4 uernoons Enterprise with the following
fomment by that paper
"G j. Palmer vice president Of the Hous-
No. Printing company and the business
manager of The Houston Post, was In
ABcaumont yesterday and made a pretty
a lose study of the gusher proposition. He
4, n for home last night and the result Of
.bis Investigations are reprinted below In
4ousidcrlng these expressions it must he
Remembered that Mr. Palmer Is conserya-
4ive. fair minded business man and that he
fos no axe to grind. He looked at the field
iIom an impartial standpoint His opinion
An worth a great deal and shows Conclu-
lively what he thinks and that lie has no
1aith IN the exaggerated statements sent
NM for the purpose of knocking the field
The expressions, as above, are generally
arpeciated here and the facts are regarded
AZ tcrsely and trucly stated.
~
n Secretary a. u. Childress of the oil ex-
ehangc met President S. II. Knott of the
1Nansas Cty Southern tonight and had
.ouitc an extended talk with him about sew
stral matters pertaining to the oil interests
\ ,- train for Kansas CIV In fhe cvcri
"a 80 thnt hut ono dov ninv hn lost In
anakiug the trip through. The secretary
n as backed up by Il long petition from the
"a ointment people here and the impression
a nott and NOT have nnytbing for ,f,hlica,
Il on stating that he was here principally
sfor the purpose Of looking over the proper
IN interests all along the line and for see
~ ~ i'sro,t M v,oru 81 H. 6i - 20
81 or, a"d oIso To ioot afto, sornr cortroIts
n Is rosd has here President Knott viii re.
main here tomorrow.
~
u The Alameda beaumont oil and Storage
fompany perfected organization here today
Slih the election Of the following officers:
hf k-orerbacl nreeidept po,ur,ort. frity
a, 80, ,.i,o rllnstdcrt ,i,n'aJa S,i ~,
"a iiornnon6 sccretary tinmeJa 81. -
~ Dov.Icp assistant sccrctarv Bcour,nnt
a. ron'nnnv owns sotpo oil nronertv I'm
e ,e,oirs Eitv Hare s,,idivieion
~
81 The alestne-Beaumont Oil company Is
,aaid TO have purchased proncrty from the
"a .- m, -, nj - - 49,.
- utuuu. VI anu ~ E s1 90 np"n9' Tue
5 foHS'ue4 "''oH VI ""len 10 S1oi0'V'
"a
"a Monroe w Carroll Is going TO give an ok
tui.io, az tho oil eoIds +o,,,or.or, o,,o-
IN, ~, ,4N.'. a. ~
tpoon that VIII be most interesting he
AplopoSes 10 arm IN the OIL SANDS between
q ana CLOCK on nlock So known as the
n Glow flne tract Mr. Carroil In MS work
IS using caple tools Whlch are adapted lot
US without water' number OF the proml-
pent OIL men mere assert mat considerably
more than d millloh DarIels or water naNs
Fpee1 pumped mo the DoWeIs OF the o.,
Asands ana IL can nave no other than a Dau
thect suc9 u, pro9iscnous use is con
set tho riiIors I nn no biI1 ~ etnn TIE
Experiment win be well worth seeing.
~
ii Again today there was a sale of oil on
e-- 49, y, w.
.fents per barrel l. o. b. Gladys city. ms
IL me most cheering news new, that eontd po'sm,,
n marion II nlaces the nrice of oil whore
IA should he and shows that the field Is
Nan more valuable than some of the oil pro-
bucers have heretofore led the public 10
Sroditod r,itb 10 itrros ,.of bo,. han ,ny
Thing else and the statements in The Post
IN some two weeks since. regarding the
aIue OF thS OIL as eomporen WIN NrS I y II. If
ll.n anu n,im'E ".ii" W '"' piJi ~
M r S,,,.'',S 20 . No
rSro,,pdo,,i, a no roa",ont
S correspondent mat the h'"u Union,
luut' ~ p'Veu ~ itI'liSS " mn az W",,' ,'
IN drawn there, and he also stated tnn,
fycn If the supply were large this price
aFould govern the market When the rem,
7ta rapT5ttS Oh Inns ngH' " SWIM h
2seomes GENERALLY known. there is no reason
.INbv nri,rs sborId NOT iumn still higher,
8ut the price Of % cents is so much better
- ~ a. - 20 +broo yyeeks a-o
$50 .1 ,i a, , uP eo1Iy hcconnInc olaf
IN o,' ,ne ~. ~ pvoI iH5 az l'''''
III
M
M L. r. Grow & Co. and the Corslcana
IN oo,r,o,+ O,, ,.,,,,,,,, ,.o o,cb cvnoctiuc
lin ruShcrs on biock 20 the Keith Ward
tact
MI