The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-05-16
n NEW WELLS ARE IN.
=. (;ushers of The, Regulation
Sort win Nothing Unusual.
CONTRACT HAS BEEN CLOSED
/, :, Figure Which Is in the
L.l.hborhood Of the True Value
Of 1t.

-, rcxas May Is Several wells
4 ,,uh, In today OH Spindle Top.
r..s,cana. Beaumont company, under
cement of Tom Bright, has a new
/ MOCK 80 Of the Keith-Ward tract
y. CIV & Co. are reported as OK
IN two wells on block 80 this after
c..o.de OIL and Storage company
I nell nthe Gladys City tract
4 eur Lake Springs company Will drill
4 N deeper in order that it may be I'M
h upon.
p nayis. an extensive Sour Lake OPP
states that the lands around that
arc selling ut a very high figure.
3h,rts that the prices are really higher
,he rapid development of TIE field can
4 hut the value of the field Is as great
Il ,bat of any in Texas, with the pos
y aocntlon of Spindle Top. His Idea Is
49, are ranging from $1,000 some dis
nnt 10 $4,000 per acre close In.
WV \
II Export Oil and Pipe Line company
4 announces the closing of a contract
4 amounting to 100000 barrels. de-
IL n b. Port Arthur. The price OBJ
In Dor the oil was shown The Post cor
ndsnt. but will not be made public
4, ,nv and It is far better than the cur
4 srrres. In fact. 1t approaches some
Il Ike the true worth of the oil. The
~, specifies that the deliveries are TO
A ON August l. In that month there
Ia be taken by the buyer Zv'VYV pa i,
q s,iember 10000 and graduated IN
IA ! mill 100000 barrels per month are
"A ana the whole lot Is to be delivered
4 ~ years This shows to what extent
( corcern is backing the field, and there
&Nsnv other inquiries Of similar nature
IN XIV today. The oil goes out by way
IN Arthur and is TO be used by large
Nam manufacturing concern thnt VIII
4sh Ms own oil slips and facilities for
3lnc il. The reason that the deliveries
*not n begin until August Is that they
richt NOW converting several mercaG'
s yassrls TO oil tankers and can not get
n ready and In these waters until that
After that they will constantly add
hs,r sbippinc facilities until the regular
I'm can be handled The Export Oh
Il pine Line company also SCarts In on
q conirRct 10 deliver 1000 barrels per day
I'm, Central Asphalt and refining com
Il on July /, and this In itself Is about
3Irse single contract as can be heard OF
De city.
Il telegram has been received here an
being that Colonel ]. NJ. Guffey and his
&Cistes can not leave Pittsburg for some
d yet on account Of some important bust
81 matters that are being looked after
do NOT state lust when they will ar
a in Beaumont. but their coming /
f1Ited with much interest by all the ol
" here. II Is thou-Sht that -Solonc
&ey will have some important lhtorma
4 to give out upon his arrival here.
81
e officers and directors Of the Expor
Ind Pipe Line company have been elect
3or the ensuing year In the annual meet
4 The officers are the same as during
past year. but there are some change
he directory The following Is the list
zlrIes A. Townc stephen NJ. Scott
fph E. BroussOrd. Hon. Duncan McMel
n Harvey ]. Hopkins, Gordon 5. Orme
n ~
Henry S. Boykin. prominent lum
pan here, was appointed general man
~ Of the Lone Acre Oil company today
81 Boykin states tonight that the polio,
|&he company WILL be a most progressiv
" II he can make It so.
F
"a Guney Petroleum company is Jus
Wiling up the new boiler house Mt Luca
a. there will be three very fine boiler
fperation there In very short time
~ are to take the place Of the portabl
us which have been in use for a lon
33e volume OF business on the oil eS
ge this morning was good, but Their
dullness about some stocks that cas-
p on the others and made 1t look as
was general bad feeling for while
on cleared up, however. and then tn
transactions:
ependent 1850 shares at sac.
"a Eagle $500 shares at lOc.
eluena 100000 shares at Iac.
mah'Amerlcan. 200 shares Mt 12c.
uuiont OH and Mineral, $500 share
z, and T.. $500 shares at 1Oc.
rTpalni,American, 1000 shares at l2c.
III four. 400 shares at Zoe.
~ Z O. b., GLADYS. first nuaIitv o5c