The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-12-08
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BEAUMONT, TEXAS, : : :
i AND HER DEVELOPMENT :
o.


ranging to use II over the whole line A
rev weeks ago the Southern Pacific direc.
tors SGT apart Sl5.OOOo0O to equip engines
Ta,iu tahAs ana ears for transporting the
leAas OIL evidently having full confidence
IN tue stability Of the oil output rho In.
ternauonal and Great Northern and othsr
roads are now using the oil 10 place ~
he made, 0"N
Why Because IT cuts the fuel bin IN
Two ana more. Robert I. Hin. the Metro.
lenm expert Of the United States. says in
ms ate report; Beaumont oil fields pro.
duce already one and half more than tho
famous oil fields Of Raka Russia. ths
vast output Of oil. so far as known, exceed.
ing that Of any other field ever discover.
eo. and suggesting an export trade such az
now eAlsts nowhere elese In this or INV
other country The proximity 10 the enif
makes the export trade peculiarly attract.
I've, ana already pipe line from Beau.
mont to Houston ls2 miles, is proiected ~
meet In the latter city the fourteen raii.
roads for distribution, and the deep wa.
ter port which the government 10 NON,
making from Galveston up Buffalo bayon ~
houston This new oil discovery sim.
ply means a complete revolution in tbe
mel qeustion all over the country. Cut.
ting the fuel bill In two by our inanufoc.
turing establishments and railroads viii
cheaper goods and cheaper freights. II
does away with the discomforts Of coal
smoke ana cinders on passenger trains In.
stead or the numerous shoyelers Of coal
the opening and shutting Of fuel doors
on engines, with tho CONSEQUENT loss oS
neat, one man complacentv turns the fan.
cet ana the oily spray keeps a steady.
continuous heat and motion to the train
or 10 the machinery. The discomfort of
trains passing through louc tunnels ia
avoided by using oil fuel. There has been
the beaumont wells Is diminishing This lie
only another effort OF coll men, TO discred.
u the Texas oil field. The last wells
Drought in at Beaumont during the last
n mr.
no ms great as the Lucas gusher that
spouted first in January, 1901 Ships are
being loaded At Sabine Pass and Port Ar.
thur already for the foreign trade. The
ship Cnrdium, owned by bankers IN London.
left Philadelphia few DAYS ago and viii
take back to London 5000 tons Of TeXas oil
and also use oil for fuel in transit. The
London papers see in this new move.
ment revival of shipping hy vessels now
out OF business, that win he changed "a
bulk oil carriers. A number Of harces oro
nov being constructed In Texas to carry
oil to Atlantic ports
OIL STOCKS.
There are hundreds Of oil companies In
existence, many Of them good. some worth
less. The advertisements by oil compa.
MICS Of their stocks for sale, especially in
Eastern papers, would be amusing were
the matter less serious. One Eastern com.
pany advertses that their stock is now
selling at the low price of 20 cents share.
and in ten days will be advanced to 20
cents. This is hurry up" advertisement.
and the sucker" who reads 1t imagiues
that he is getting 81 OF stock with a sure
"guSher' company for % cents, If he only
snaps 1t up today.
Today saw such Is ad in an Eastern
paper-in fact, one can see chem almost
any day In papers from all parts of the
country--and upon looking up the company
advertising ] found that the. par value OF
its stock was only 10 cents instead Of ST.
~ AZ ton uvntt 1V tttFn
reading the adj.
HOW TO KNOW THE VALUES OF
STOCKS.
There are conventional and safe rules
To follow in seeking to learn the true value
of stocks, and this knowledge should be
possessed before making an investment.
First find out how many acres OF land
the company has; next, is It leased or
owned; third, is 1t in the proven field
worth 100000 an acre, or outside that
feld and worth only $40 an acre? Next