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Newspaper
Houston Daily Post
Location
Houston, Texas, United States of America
Date
Jul 02, 1901
Page
3
Report details a well eruption following a gate valve failure. Oil spouted sixty feet above the derrick, flooding grounds as workers struggled to control the flow and secure valves. Officials estimated thousands of barrels spilled while plans to divert or cap the spill were implemented.
In Damon Texas on a Saturday preceding late June, contractors the Me Eros began boring on the Herndon lease. They rushed to set up two heavy crafts and fired machinery after delays from Sunday preparation. Spectators watched as the 8 foot well was sunk with steady effort.
The Fourton Oil and Stock Exchange shows widespread gains as numerous stocks advance and investors flood the market with active bidding. American Refining and Grace Top Heights properties drive demand while several declines limit gains across Coast Ridge and Houston listings.
Austin July 1 The following charters were filed with the secretary of state for prospecting for oil and other minerals Cincinnati Beaumont Oil Company at Beaumont with branches Cincinnati Louisville and Galveston stock 250000 directors listed and a second charter from El Paso and associated firms with capital stock 2 million filed in the same period for pipeline and oil interests across Texas and nearby states
Reports from Beeville Texas on July 1 discuss renewed land activity near Piedras Pintas in Duval County. Local landowners report offers for previously low value acreage as interest in the well near Piedras Pintas rises.
Industry activity surges in Rockdale with persistent questions about fuel competition. Local reports indicate ongoing work and rising inquiries despite uncertain timelines and market conditions.
Hy F. Hargrove longtime president of the Boutthera industrial convention died suddenly in Shreveport. He battled Bright's disease for months yet remained active in promoting cotton mills and Southern industrial growth. Born in Mississippi, he helped organize seventy eight cotton mills and strongly supported Texan industrial efforts.
Mr Beatty returns from Red Fork Texas reporting limited oil prospects and no expected rush to land purchases in the near term. Derrick work funded by the Gives ton of tod Gas company to begin today on a 60 foot derrick using top quality materials at Mustang bayou site chosen for water depth and drilling prospects.
Federal Judge Trie per today made permanent an interlit injunction against the Arkansas railroad commission restraining it from enforcing joint through ratings under the standard freight distance formula adopted in April. It is announced the commission will appeal to the United States circuit court of appeals.
A fire in Mexia Texas destroyed a cottage owned by Frank Ourile and adapted by W. Wig ginjoen. The structure burned to the ground while contents were lost. The origin remains unknown with no injuries reported.
This old advertisement extols Dr Harter’s Iron Tonic claiming forty five years of use for blood and nerve ailments. It touts a modern lab made version yet says the formula remains the same as when first created by Dr Harter. It emphasizes iron content as key to repairing and renewing the body.
In Pallan Texas July 1 the county democracy ends a contest over Wooten and Shaw for county instruction with Wooten ahead by three votes after ballots marked with a blue pencil erased other names. Shaw and backers allege miscount and unlawful erasures but the county committee refuses to review the returns. The dispute leaves Dallas Democrats bitterly divided.
The Ellis County Democratic Convention met to endorse a congressional candidate after the death of Judge Burke. J A Bonil received the convention’s Goatimols Indenmement with twelve votes in the district. 31 votes possible for Nenil, and Bosque enuity’s votes cast for him. The event reflected strong support and faced unclear next steps.
A long discussion in the Wall Street Journal notes Texas oil could boost manufacturing in the state, lower freight rates, and attract large corporations. It cites oil in Western Louisiana and Texas, Beaumont shipments, and potential rail shifts to New Orleans. estimates reveal substantial savings on coal and fuel costs, with implications for Texas, the South, and related industries.
Prominent young man James, son of Dr James of Cove ten miles south of Mens Ark, died by his own hand in July. No known cause yet. he was a youth of high standing in the community.
Savannah Florida and Western Railway consolidates several lines into one system. The move increases capital stock to 215000 with preferred stock and voting rights for preferred holders. The merger links Charleston to Tampa and extends toward Atlantic coast cities as soon as approvals finalize.
Fuel Petroleum contracting for large supplies to Houston Texas and other states. Advertises stock trading via the Houston Oil and Stock Exchange floor during HH transactions. Seeks buyers and sellers, and solicits inquiries from lenders and properties through mail and correspondence with Thome. Includes real estate sale and development by organizers of princesses and Gamble Co at 119 Main St Houston.
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