Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1921-03-26
GULF WELL CONSIDERED
SURE BET BY SCOUTS
Of CARSON OIL FIELDS
coNTINrEn FRoM rAGE oNE


no way to cnov how flr nuI how large
B g viii travel in short time
u is estimated That th' rayDu vii
have hc,D ut,rtwu lv Monday even
ing f uu unforeseen complications
ARISE and ait. tlI' there d. Il we'll de
fined expectancy that something - 40
Interesting Nature 500 o., developed. ;,
Tar ls 10 BIAS bru Ih., Go determine
the intention EFF thH company put,ing
down Guf SO o. Dr. fr clean uut the
holo following zoo, sDuu.lV II N,
crumhhng formation. for "a, parpus.
81 nnd.rg just What She 'usy' VII
yitld In toe event This stratum doci
me- show sufficient production a. war
rant thc tiuf, arl money expended Il
iE Development be- I- understood Ia o,
the purpose t1 rnrtrE. Ihe drilling @
such q depth .n or, Judgement ~ IN,
company a fm and l,glt.mat, tos
~ that vicinity
u hy any means tbs lowering o, "a,
hole should nol E't results desired. &
would ititN D, thr g.iyy 20 the opcra
tors o. return 20 Jho first Iay ant
promptly "sho0," the formation ln OF
der o. determine it~ fulles, posab.li,ic,
with au obstrlgtUus removed.
Ra,ing Leases.
An attempts we're fuiil, THURSDAY &
Secure leases boo close proximity 90 IA,
well. Even thought guod money WA
offered. nothing was transferred tia
could De- chased as clos, up stuff
on section o. NJ a. Davidson. mea'
nan 10 Panhandle. owner. sOld sum,
lsascs az $50 g,r acre and stuff bailey
ed o. be- somewhat more advantage
ously situated. on the same SECTION
went AZ So gyr lcr,. This land llei
south 81 the Gun SO !. and som,
acreage from tho tug, had prtyiousl,
le1n leased Cor $40 peg acre
Leases within thrg, and four milei
al Panhandle, Co the north. north,as
pnd nurthwcsi w,rc readily price,
Thursday 90 from 81 10 $40 per acre
End stan an ot the demands were not
met. Thcrc wcre hundreds Of invest
eating. ~ s,outing 0rties out from
Panhandle during the day. and many Of
thesc put their money into leases. anc
suine pug, bases wtr, made IN fcf sim
pie by thCse who are convinced that
such Investments are destined 90 b,
rich In rctlrus.
Realty Values.
For sake az Illustration. \ farm neaI
Panhandle bought thirty days ago foi
$s5 per acre. j. now being "a follow
ing an offer @. $40 pyt asrr. Much
rropsfgy after being us'.l lor many
months, g. nov being taken cu IA,
market unuremonioasly. IN ano
around Panhandle. values have s1ared
from thirty per cent &C. ga, snundreu
Der cent and much 81 Il has been
changing hands. This Applies L
acreage as well as city property. husl
ness and residential buildings
ono uiDce ~ business property IT.
Panhandle tor example. was an IA.
Warkct during The past year ~ So 900
+ THIS property sOid saturday for ss4
zoe and yesterday the present owner
declined % tai, icss than $4,000 for
his purchas'. TINS but illustrates N,
tendency II values and those ON IN,
around hold THAI there L. "a decided up
ward tendency wiki Gar moro buyers
than sellers. 4 vacant block within
the city limits Il Panhandle. has gun,
begging during the past year and IN,
opening months ~ the present. and al
ready u aas been hikcd. removed from.
the market. replaced hiked again. re
moved. replaced and rehikcd. and OF
the market again.
Many Options.
In addition % the Zee simple pur
chnses. buying ~ leases releasing
there ARE many options being placed
IN all CLASSES around 'anhandly. and
norihward nurtheastWard and north
westward o. within as close o. Gull
No. 3. as yosslh.v. The~l are being 81.
cured by cash payments. and a guodly
sum Of money has hrcn pouring loo
from this source alone.
II is stated that already some % IA,
options secured in the first days ~ IN,
excitement Incident 90 the discovery
~ on. have been trau.cfrcd aud biz.
ding IL 0iher lively Tor much Of the
other stuff covered by option A,icn.
ton II called 10 the act that the TAX
INK ~ options ia stronger than in the
opening days after m" "nnd" and the
puise shows greater activity rather
than O. decline IN this line as well o.
IN lease purchases.
Suong demand - being placed
againsi the housing and hoarding iacl.
liiies ~ Panhandle Equipment has
heon added in bath lines bat those o..
gagged in the business nave seen IA
II.