The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-07-04
ACTIVITY AT SOUR LAKE.
Two Wells In The Sand and May
Come in Soon.
ANOTHER BIG ENTERPRISE TALKED OF.
Details Not Vet Ready for the Public
Csrdum Has Taken Another Cargo.
10 Acknowledgements Reception.

suit Of this increase is becoming apparent. |
The Quincy company well and also the
well OF the Sour Lake Springs company
are ip the sand aud reports OF gusners
from these sources may be expected at
any time. There are several rigs going
and all through the summer there will be
lively scenes IL and around the former
health resort. Many OF the property hold
ers themselves think that the striking or
oil is going to do away entirely with the
health resort feature. For many years
the place has been well known throughout
Texas for its peculiar waters and their
medicinal properties and many people went
there who were benefited by the change
aud the use of the water. With the build
Ing Of the spur to the main line of the
Southern Pacific 1t is more than probable
that n renewed effort will he made to get
tourists aud health seekers there.
The Sour Lake on company directors
have decided to drill at once a well 100
feet from the present gushers. Tney feel
| absolutely sure that they will nnd of.
~
At Saratoga the Byrd syndicate will soon
have two wells going down. and 1t Is stated
that three more rigs are expected there
soon for other parties.
~
The Cardium cleared for England yester-
day evening with her fourth cargo Of desu,-
phurized oil, making a total Of nearly one
quarter of million barrels that she alone
has taken across the P9nd t ts the use ot
In England 1t represents a value OF GUAR
ter Of million dollars. for 1t Is ensiiy
worth 81 per barrel.
Secretary Childress announced 70 The
Post correspondent this morning that he is
| manufacture
ins proposition for Beaumont. and that 1t
will be sufficiently large to open the eyes
of many OF Beaumont's enthusiastic people.
He is at present unable to give out amy OF
| the particulars Of the deaf but that the
! parties who desire to come mere are ready
/ ia place in a Beaumont bank from S1o0oOo
to 100000 that they will put IN the sind
| ot a plant they propose to from the nrst'
lie has considerable confidence In the mat
| ter and believes that he Will soon he where
HiiS eau 'DS Tue p''p''''''1
| ~
The Texas Oil and Pipe Line company
! is now well started on its contract to sup.
! ply the Standard oil company with oil by
means of the steamer Julia Luckenback
] aud the cargoes will begin to move in
| very short time The boat has a capacity
! OF 24oo0 barrels and is very fast II Is
estimated that she will carry 100000 bar
rels between Beaumont and Philadelphia
| Standard oil company in their Eastern re.
fneries. This is one, OF the most peculiar
| contracts that has been entered into 1t
! Is stated that the Standard on company
simply buys from the above firm all the oil
! that they can ship by that vessel from the
| gulf ports to Philadelphia or New York
The Standard Oil company is said 10 be
making already preparations for a big
12,O0o-barrel refinery TO be built at
Bayonne The announcement of their pur-
chase was made some time since, but this
time comes the further announcement that
| they Will refine nothing but Beaumont oil
! in this new plant, There Is no longer any
doubling the fact that the Standard OIL
| company has implicit confidence in the
| Beaumont field and that already the con-
Germ has large indirect interests here that
would run into millions Of dollars If the
| truth could be made known.
4 ~
About two or three weeks since when it
became known that Congressman Cooper
had been remarkably successful in securing
4 appropriations which were much needed
In Southeast Texas and In Beaumont espe-
cially. Secretary Childress OF the oil ex-
change and other prominent business men
here suggested the idea OF rendering him
a big reception upon his return to the
city after his winter of work. This Is
now at hand for he is likely to be IN
| IOnlRUL OF tomorrow, ana WIN lnnl emu
IN view Mr. Childress called a meeting of
the executive committee of the oil cx-
change this afternoon and the following Is
an official copy OF the minutes as handed
| The Post correspondent:
Minutes of the meeting of the executive
committee Of the Beaumont oil exchange
and board of trade. held pursuant to call
In the socretary's office Mt 8 p, M, July 8.
1902; quorum present. The meeting was
called for the special purpose of consider
ipg what manner of reception and enter
Ia H. r..
Il. Cooper, congressman from this distrlct,
as an expression Of appreciation for tho
good work done by hin during The last
session of congress, particularly his nm
BEAUMONT and to celebrate his success I'm
obtaining an appropriation for the deep
water canal. Upon motion duly seconded
II was unanimously decided that o Dan
ouct ne rendered Mr.. Cooper upon his re
turn II was further movcd aud sec nded
THAI the president appoint committee 81
three active members Of the Beaumont pi
exchange and board nf ,radc who, together
with the deep water committee, OF which
j. ~ Gilbert Esq, IS chairman, shall con
stitnte said committee on arrang melts
with full authority 10 prnvide for and con
duct the banquet; and that the secretary
Of the Beaumont oil exchange and board
of trade be made secretary and treasurer oi
said committee. Upon being put this
molten was unanimously adopted Messrs
D. Call w j. Crawford and ]. H. Bright
were nnmed by the president Ok the com
further business offering the meeting ad
journed.
All the drillers and producers are pre-
parine tonight to take a holiday tomorrow
aud celebrate with Uncle sam. All the
rigs will probably he stopped and the men
who have worked so hard for the past
year viii be given breathing spell that
wifi help them. The oil supply houses will
| ali be cosed for the most OF the day AND
a general observation Of the glorious Fourth
WIN be had all along the line.
A number Of new oil companies came out
OF the recesses for attention OH the ex
change today The following are the trans
actions:
Con. Nat. 90. 600 shares at 10c.
I Gold Eagle. 500 shares at loo.
Missouri Kansas and Texas, 5000 shares
! at Zoe.
Drillers. 1000 shares at 4isc.
l Dividend. Al 900 shares at lie.
Beaumont oil and Mineral, $500 shares
at &c.
San Jacinto. 54J shares at lie
Ground Floor. 200 shares ct SOC.
independence. 5000 shares az 2hc.