The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-05-13
|out Oil Men will Spy Out the
New Gusher Land.
lRD,S ANALYSIS OF BEAUMONT OIL
Nino Correct as Experiments Are
endueted-SsIes Of Stocks on
the Exchange.


al great deal Of faith in the Sour Lake
|s[i ion and think that the 6eld is going
#)argcr than anything in the country.
<be exception Of Spindle Top. aud in
IL surface it will even be larger than
htne Of the Lucas gusher. The oil
~ different quality from the Beau
IN should not cause any decrease in
Yrsce Of either product by reason Of
atge amount Of either. for the demand
dslikely come from different points Of
orptlon
4 aplaclng of the order by the j. NJ.
81 company with the Atlantic and Pa
6mpauy is alone sufficient reason
ia oil men to look with favor upon
Like, for they do not think that these
MGR would rush into this sort of
IN without knowing that they would
rsget the oil after 1t ia bargaincd for.
nthe Guifcy property there, the work
.sflopment was stopped some time ago,
{4fhe big law suits were filed SO pro-
ctrsly around Spindle Top property,
ia danger of similar litigation effect
s1ur Lake was too strong to make II
Ia lpyest much money there The
sfems Ia be TO wait until the titles are
"a and then go ahead. But, regard.
A ali this, there is great deal OF
III Sour Lake. and a large portion Of
III be Beaumont money. too.
f Neal stark, prominent citizen Of
ID and also a man who is heavily in.
Ia In Beaumont property, returned to
in this morning after an extended trip
Mtk Texas. He states that the people
&have been led to believe that the
Here had gone to rack and ruin, aud
Mthing is left but oil stocks. He feels
Nat the intention Of the article In the
a paper was to create that impression,
h, was very much pleased upon his ar
Mere to find that the whole thing was
.frated and the result Of n reporter
nc for the sensational.
alamo Oil company has issued an at
Ne statement with per cent dlvi
attached. This company has done this
4. and the stockholders are coming to
Upon It as a regular thing.
ues W. Swayne is here again after
but for a day or two. He mas been In
bont considerably of late and has, of
4, been In consultation with Governor
Falmost continuously since the latter's
y In Beaumont,
~
|ltor Towne has been In Beaumont all
br change He spent the time dur
Dc FIRST two or three days of his visit
6rt Neches, but has beeu here today
eg after the correspondence which has
5hp on him to such a great volume az
1nire extra stenographers. when ask
% news there today. The Post CORE
$nt ran only against the decreased
re rubbish and was Informed about |
4rm that had been done the field In the |
II by the report. An instance was
70 mind In the visit of Mr. Scott to
hicsgo Tribune office and His request !
u paper to publish the contradlctlng |
Plies from here, and he stated that !
aper would not agree to do It, II will |
fe some time In his opinion, TO con
.the people away from here Of the true |
Hons after this false matter has
such circulation and is being stirred |
Fry way possible by those interested |
b large competitive oil fields Of the |
and East. 1t is this latter interest |
i so persistent In circulating the mat.
pw that It is out
~
lng the last few days Of last week |
tary Childress sent out lnnumerable !
pms stating the position Of the fields
N tfe true light, and the responses
pf nature to put to rest the doubts
plight have previously existed as to
Lroneous reports. If this Is not sufh.
however, II Is the purpose OF the OK
directors to have statement issued |
pm be in keeping with the secretaries |
aud have II published The injury |
III already been done is dying away |
pch thing may not be necessary.
Prs received from Sabine Pass are tC
'nect that Mr.. Mally Eastman ana
VIII soon begin erecting several large
hks there and will handle export oil.
lastnam has considerable property W
+ way.
Puer tralnload Of Burt refinery ma
arrived today, hut this is such a com
occurrence that 1t is hardly to be
as unusual any more. Mr.. George A.
'ne manager, recently went TO New
ana while there he will perfect the
Aa''on OF a gigantic company that is
FraIe the refinery when It Is com
ne stated TO some of the people
,suiom ne has dealt that he would
M, "ss up ms soon as "he went East"
ps may have something TO do with
pSual activity Of the last day or two
lsy pr OF material. There has been
~ III me progress OF the work on
h 10y o,y ana each week shows up an
.outh Work that is most gratifying TO
- d people, President Knott
law d,l city Southern went there
veg himself as highly pleased with
lg.k that Mr.. Burt has already nc.
,sned and with his prospects Of an
'"'p'etion of the plant.
~
rapidly coming to he a recognized
"at DE- Forwards analysis OF Beau.
VI Is nearer correct than anything
!, given out early in the history Of
! = r Snen every owner of property on
, mndi, anu every prospective owner
tb a'n interested In finding out what
'hs e W and what could he extracted
he ude article. Or. Forward stated
q products would result In much
-Io,,t hsumers and that a large supply 1
,snI, hlhds Of refined oils would be
.rs,,.s IS soon as the rehneries We're
div Ihls phase Of the situation
rts,, coming to pass and the truth Of
M assertions are also being recog
= ahead smoothly now ana no homes
completed in very short time.
~
lazy Treasurer Of the Missouri,
IL. aua Texas oil company. arrived In
~ ms morning. after having been
"s ior seyeEal weeks.
49,
W. u. Workman Chariss u A,dsr.