The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-04-07

,erardea one Of the best propositions Ia
MS Aed. shortly after It's organization
Its stock went TO for | and this afternoon
twenty shares sold at for I. Tonight II
can not be learned that there Is any to be
purchased at any price
1'be fever OF speculation, which has In.
cluded within It's grasp the entire popuia-
tIor ~ beaumont. both native and trans
lent. has gradually gained strength since
the announcement of the SECOND oil strike,
and today may be truly said to be the
climax. The excitement OF iDtesst In oil
is greater today than It has been at any
time heretofore, and the week that passes
today viii be numbered in history as oae
in which perhaps more business was done
than has been crowded Into the same space
on time before There was more excite
mcnt. perhaps, the week following the big
Lucas gushcr strike but the wlldness then
WAS not accompanied with the great
nmcunt Of transfers IN real estate which
have characterized the week past The
town began filing With strangers Monday
morning. and With daily increase In The
arrivals the departures have not been
marked, With the result that beaumont Is
now more compactly crowded than It has
been before. The streets during the bus.
ness part ~ the day give evidence Of the
large number of people In the city. Tue
oldest lnhubitant. who at one time bDastcd
Of his Wide acquaintance In this city. now
has difficulty In locating u face familiar to
him. II is almost remarkable how the
people are being cared for. yet when the
long hours Of the night come they all seem
to 30 somewhere. IN the early morning
there is an occasional rush for rooms, but
before the day Is done they all manage 10
make some piaus FOR sleeping. A marked
feature of the present condition IS the ab.
s s,,ag q any trouble over places to eat.
WIN the additional facilities which me
restaurants ana hotels h:Nc maze they
seem 20 be able 10 accommodate any son
Ola rush, and do j. satisfactorily.
The amount OF business IN real estate
which has been done during the past dy
days. " IL could be estimated, would be
something surprising, and II Is safe to say
that the financial considerations, " summed
up would reach almost the entire taxable
value Of the county as shown on the books
last year. Turning loose ~ numbercss
sIphl tracts OF lHnd In the Iowa colony viii
start rush III development In that neigh
borhood within the next few days, aud The
center Of the oil operations VIII thereby
pc moved considerably nearer to town II
IS estimated that nifty or more dclrlcks
VIII be constructed In the next few weeks
between the Lucas well aud The corporate
q. c, SnrlbblIng has his we'll going again
down In the woods after being stuck for
about ten days, lie X down about the oil
depth and expects 10 turn M something in
the next few days.
Strntford's well on Hildchrandt's buyou
WI be In running order In about Il week
INC wen has been stuck for some time past
hut tho trouble has been overcome and tho
crew Is today pulling m the pipe prepare.
tory to starting 1t anew
There Is D movement on foot to have the
beaumont lee, Light aud Refrlgcratlng
company extend the electric Hight wires
Into the oil hold. TO lessen the danger from
hrr. Most Of the wells which are more
than 200 or 500 feet deep have suspended
operations at night since the fire at the
Haywood wen. II they work Mt night It is
necessary To have lights aud these are M.
ways source Of danger In ease the drlll
opens oil or gas. Mr. Eeitcl of Star and Crcs-
cent company is heading the movement aud
II * understood that the operators in the
held are willing Ia share In the expense OF
running the wires there.
Dewey Haywood Is rapidly getting the
machinery nj the well which was burned
the other night into shape agnln aud OK
poets to be drilling by next Wednesday.
The fouT-inch well brought In on the
GLADYS CITY tract by lIammil few days
ago Is said TO he record breaker In the
production of oil. The pipe leading from
the well Is turned into the tanks, and when
Il was opened to MI the tanks Yesterday It
shot solid stream of oil into the tanks
with force which Is surprising The
well Is so perfectly finished that II gets the
fullest benefit OF the dow from below IL
Is said that tho owners like this well bet,
ter than they do the big Lucas well,
Speculation In oil company stocks IL the
feature OF the situation In town. and the
result ia that stock is bought up at any
price the owner chooses TO place upon It..
Monday stock In oil companies win he list.
hn mi
nnally settle down 20 somewhat definite
basis, great deal of money which has
heretofore been idlo Is now being spent In
the development Of the oil prospects, aud
the effect upon this condition Of the conn
Try Is felt by all sorts and conditions OF
people
1he meeting OF oil producers and pros
pectiye producers held last night In the
oil exchange pursugpt TO adjournment OF, a
former meeting was not as largely attend.
cd as was the first meeting However, It
Included pearly al the leading oil producers
IN thas held or their representatives,. All
sence of tho former chairman, Farmer
Dean; was noted and the meeting was
Who stated that Ito OBJECT 81 tho MEETING aTi
snnolntcd 10 devise Ways and means for
rotary to read the renort OF the cornmlttee.
~ lp's report, WAS so carefully prepared and
1t Is given in full below:
Your committee, after Thoroughly can,
wasting the situation aud carefully estlmat.
ing the cost of the required plans 10 handle
the. production Of $4,000 barrels = day,
provide:
Two rlght-nch main pipe lines nj
$4,000 per mile for twcnty.Avc
miles. Including collateral lines SS00OOO
Iankage, .OO0,00O barrels - .M0OnO
Two pumping stations .. IO0OGO
twenty tank steamers. a0OO0
barrels capacity cach, az 500.
600 ,...,;,,ii,..,...; ,;....:,..,. 100000
200 barrels mn average az THIS
y, DAYS at 20 cents per hlr.
Eel t,.ts..,., ,.,...,.,,...... 900 600
working edpltai ...t....,,,..... 1.ONo.0OO
Total , StE 7no MOI
With this amount IN hand Il h helievcI
the production mentioned could 10 handled
MEen&HoSppag