The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-04-30
Especially Does the Real Estate Market
Continue Strong and
ANOTHER WELL IS NEARLY READY TO SPOUT.
Not Many Days Before the Kelly Well Will Score.
Work Is to Begin at Once Several New
Wes-Contemplated improvements

pasrmont. Texas, April 2o.--Speculation
onaned IN today with apparently renewed
4 .rtvitv. as was anticipated 1t would, after
81 visit Of the immense crowd of strnn-
as,s who came TO Beaumont on the excur.
slens Sunday. A large percentage of the
visitors took the fever and as result
many new spectators were in town when
nsiness opened today. 1t infused Il now
lie into the trading In land and this
DAVIS business has not been exceeded 10y
mat of any previous day.
The real estate market was particularly
active. which was in part due to the new
wells that came in Saturday and Sunday,
and also to the crowd of new spectators
me prices of real estate continue to nd
vance In about the same proportion as
heretofore.
Stocks also experienced more activity
than for several days past, and this was
M doubt attributable To the formal open
inc of the oil stock exchange and the list
w OF some of the stocks on the boards.
The list that went on was rather SIN ILL.,
INT the two calls-one at II a. IN. aud an
ether at D. m.-created considerable in
tercst
While the Crescent WELL owned by the
Lone star and Crescent oil company, was
nat officially declared to be In today. that
4 is practically in all admit However,
the owners seem to be in no particular
hurry to open 1t up, and it may be Few
davs vet before that is done. In the
mean time, though. the we'll can safely he
counted H. making the tenth in the helu.
IL is claimed today that Guny wen NO.
4 which came In Sunday afternoon IS
only down to the oil stratum known as
surface oil" and that 1t Will be arm d
pronahly a hundred feet deeper. me sur
lace oil is encountered al Il depth be.weel
90 and 1000 feet: 1t was a treu .hS ~, US
gush the well made when IL came III oi Sun
day afternoon. and there are many wh"
saw II who believe that 1t is down 10 inc
main oil lake, just as the other spouterS
are.
News around the headquarters OF the
various companies today was somewhat
llv. ller than has been the case for the
past several days The field of operations
is being constantly widened and 1t VIII
not take long at the present rate of eS-
panson to have the development in prog
ress all over East Texas.
The Texas Geyser Oil company is send
ing rig up aim ountze to be put to work
on the cohntntes holdings III the James
Waller lenkr fourteen miles southwest
Of that place. and Just east of Saratoga.
fher are already two. holes at Saratoga.
which produce oil, and they are only 225
feet deep. These wells have been down
70. some time. The Texas Geyser com
pany Intends to sink its wells to n depth
l'pN feet. and hopes to bring In some
gnshcrs up there.
The Saratoga OIL and Pipe Line com
pany received its twclye-inch, pine today
fnr It's proposed we'll on Spindle Top
heights across the street from the Vie
tors holdings II was announced this
afternoon at the office of the company that
work OIL the we'll would commence tomor
row morning.
The beaumont Geyse. oil company had
man out today buying the timbers AMI
unhei ncct ssary for the construction of a
derrick on the coupany's holdings, stu
aied about three miles west Of the Lucas
gyser, The machinery has already been
ordered and MS soon as II arrives the work
Of drilling the well will begin.