The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-04-22

been here for many weeks express tho
belief that the scramble for oil lands will
be worse than anything yet seen Am.
drcds and hundreds Of transfers were made
last week. Much of this land is passing
into tho hands of newly organized com.
panies. and Is therefore of the market
This lessons tse number Of sales 10 no
made. and consequently suses the prlre
to be advanced
Caution and conservatism is being urged
ny many people and predictions that the
boom VIII soon collapse are whispcrcd here
ana there The same whispering of warn.
ings by the wlseacres has been going nm
for several weeks, however and those in
the thick of the boom pay little heed ia
the prophecies made Many believe thot
the excitement and wild speculation has
Just begun, An experienced uewspaner
man, who is here doing special stan work.
and who never loses his head, no matter
what Is going on around him. gave n as
his opinion today that what has been wit.
messed recently was merely the beginning.
ihus FAR, said he. the Texas people
have done most OF the work here Now
men and money are beginning 10 puur in
from the North and East. and soon The
speculative fervor Will reach point that
will make the past few weeks seem lnsig.
nificant In comparison. | believe It viii
equal the California gold discoveries In at.
tracing the worlds attention and will
prove just as valuable An oil we'll of the
Texas kind is certainly equal to gold
mine and the man who owns land capable
of producing one has very valuable as
set"
There has teen no event OF marked III,
portaucc today. II was reported this mora.
ing that the Star and Crescent wei had
come In and the flow of oil was of such
force that it turned over the derrick How
such a report started can net be explained.
This we'll has been due so long aud, being
in proved territory, various kinds Of
rumors regarding it began TO he whispered
and it was announced that the owners
would take an active interest in the drill.
ing, This latter announcements which was
made yesterday afternoon may he rospon'
sible for the alleged explosion this morn
irg hut II can hc said with certainty
that the well with come In within q day
or two. In fact it is due at any moment.
The gas well bought by McSSrS. Hey
wood n Tyrral yesterday is now down 500
feet and will soon he brought in. The
owners Of ii today expressed themselves
rs very much pleased with their purchase,
IT is already showing splendid signs of oil
and viii undoubtedly rank in the snShcr
class that has been established on spindle
Top hill. The oil field will thus be wild
encd 10 mile in diameter and will there.
10y make the land intervening and beyond
The new wen very valuable.
party Of Galveston and Beaumont PEG
pie bought one ana a half acres Of land
within a milo of the Lucas susher today,
paying $31,O00 for IT, The deal was put
through by Mr.. II lIaldie Robinson.
The Southern Pacific train from the West
going to Beaumont and New Orleans mas
been anywhere from one to four hours
late for the last three OF four days The
train due to leave at G;i5 this morning
did not start untIl 10 o'clock, the paSSeh
gers reaching Beaumont a little before
o'clock These who get up al to eaten
this train were not in very pIcasah
frame of mind after waiting three hout'
for II TO come IN.