The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-12-08

a. aas the company flowing well, and,
nninally; what Is the company stocked at,
SiunWo, 100000 or 100000.
for example several men organize an
Oh company. They lease for royalty
90 or 800 acres in the county where the
on on neld Is and 400 acres In another county
rue total OF the leaSe-5SJO acres looks
wei on the prospectus and helps TO sell
STOCK II costs the company perhaps 5000
70 get the leases organize the company,
print the prospectus and Issue the stock
certificates 1t is probably stocked at
100000. and YOU are offered the shares
~ ~ cents on the dollar, half price II
LOOKS to you, but what did that stock cost
me company originally, those who got in
on the ground hoorr' II they sell you
me stock at so cents on the dollar. the
comparison would he $1,000 cost selling for
ton an oil exchange, where from IL to II
Q, N each day these stocks are offered
ana sold for cash. aud they do not bring
cent more than they are worth often
iesS, because the buyer learns there what
the company has In land or wells, how
mueh u Is stocked at. aud for what the
during the last month on the exchange,
inc writer. or Mr. Edgar Watkins vice
president OF the oil exchange at Houston,
VIII be pleased on application, to give
Information as to values, and no doubt
the ,presidtn Of the Beaumont exchange
Would do the same, Some stocks are sold
ny Eastern brokers Mt 40 cents and 80
cents a share par value 81 that sell the
same day on the Houston stock Exchange
from "a to 8 cents q share. Moral Don't
buN I'LL You investigate.
The buying of oil stocks is a legitimate
business and good money and plenty OF
u Is being made thereby Many of these
stocks where they have ''gushcrs' qir1 are
marketing their product. are already pay
Ing good dividends Such stocks will adj
vance rapidly. There are now eighty gush,
ers In the field Millions Of money will
ne made out Of oil stocks, but don't patron
lie wild cat concern, nor believe all
you read In advertisements. First get
Inc facts then invest.
Outside Of Beaumont. development is
going on also for oil at Sour Lake, 10
Hardin county At Jennings La. oil has
been struck. but no 'gusnerS' yet At
Damon Mound and Angleton, south and
west OF Houston webs are being put down,
oil In small quantities has been found, and
when the proper depth is reached, pump
Ing or gushing wells are confidently ex-
At Velnsco in Brazoria county an i'm
mense gas Well has been struck that
can not be capped or shut on. II has been
blowing OF for nearly three weeks now,
and the laundering sound can he heard for
five miles. Enough good gas has. already
escaped from this well to run full acdged
New York yellow journal for q year.
The whole State OF Texas Us receiving '
forward impetus from the unparalleled oil
discovery. Beaumont Is building up rap
idly, while Houston the railroad and inan-
clal center Of the State is making giant
strides toward greatness The bank clear
auces here are 20 per cent greater than
ldNI year, comparing w uulnuHl WIN .NptAh-
crn cities Of 10000 to 10000 population
Tho whole country Is now pheuomenally
prosperous, and Texas is especially favored
I'm having to offer "homeseekers" from the
North plenty Of good lands that are cheap
and near gulf ports. Rice culture has made
great strides the past few years Indeed,
this branch of industry and production Is
quite as important thut In a different waIl
In the development of Texas as is her oil
phenomena. During the year Just closlg
rice culture has netted the farmer from $50
TO $40 per acre on land sJat is bought for
SO an SIRE. This statement may sound
ike y fairy tale hut II is a claim which
There will be, next spring. great coming
In OF farmers from Missouri, Nebraska,
Iowa Illinois. Michigan and Ohio, but
even then thousands Of rice farm opppriu-
mites will remain and these opportunities,
backed by Industry. thrift and settled prr-
pose. are as certain 10 produce comfortable
fortunes within ten years. rs that the State
Of Texas is the greatest producer In the
country.