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Newspaper
Houston Daily Post
Location
Houston, Texas, United States of America
Date
May 02, 1901
Page
3
Beaumont Texas May 1 reports detail two major district court suits regarding the Port Arthur land conveyance and real estate transfers. The stories link oil field interests in Sulphur and nearby wells to Standard Oil and local brokers, with suits against J J Snouffer and others over land sales and payments.
May Day at Lake Charles centers on a rumor of a new oil pusher at Sulphur and a misreported gush. Reports say a heavy oil flow was actually struck recently at 400 to 600 feet, sending oil into temporary enclosures and prompting speculation.
A May notice lists numerous Texas companies granted authority to do business, including The Perry Oil and Pipe Line Company of Dallas and The Florence Oil Company of Houston. Capital stock figures appear for several firms such as 2000000, 100000, and 500000, with directors named for some entries. Also noted is The Texas Oil and Development Company of Denver and The Southern and Development Company of Fort Worth with substantial capital stocks.
Post correspondent verifies the rising oil flow at a sulphur mining site connected to the Standard Company. Report notes observers confident the oil approach will constrain the underground formation and the rigging shows heightened activity four miles from the lines.
Corsienang Texas May J. Hon Janes the Autry return from Tort Arthur reporting a large deal closed in the Tesae offer. Deeds executed and title search nearing completion. Money arrangements described as ready to pay. Objections alleged relate to misunderstanding and who represents whom in the matter.
From Orange Texas May 1 reports say the Bulphur Louisiana oil strike has spurred a fever in Orange with rapid real estate gains. Prices rise as trading increases with a forty acre tract selling for 60 dollars per acre and developers anticipate more activity centered near the river farms owned by local firms.
Beaumont district readies to drill new wells after contractors Sturm Ttrothers set up one derrick on the line. They will start work on the Lakas gusher and nearby wells once replacement equipment arrives.
Fragments show Daily Oil Stock Bulletin noting shares in several companies and publishers Frank Williams and company offering ink quotations and competitive stock data. The readable bits imply a stock listing update and market quotations from the Dilly CH.
A Denver man recounts a scheme in Jefferson county Texas involving a Shetland pony team and land in order to profit from a widow’s claim. He describes a cash offer of 1000 and land in Jefferson county with later rises in land value and sale of ponies.
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