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Newspaper
Houston Daily Post
Location
Houston, Texas, United States of America
Date
May 08, 1901
Page
3
Beaumont Texas May 7 report notes oil prospecting activity with 18 derricks, varying drilling efforts, and stock bulletins. Street railway expansion discussed with council actions and new franchise undertakings.
Beaumont Texas May 7. The two banks Beaumont National and Merchants show daily deposits over 1,100,000 with clearings near 110,000,000 in a booming business period. The First National Bank remains the oldest and deposits average around 30,000, while Beaumont National Bank deposits rise to about 20,000 daily. oil excitement drives traffic at the ticket office and local sales surge to tens of thousands monthly.
Avetin Texas May 1 The following oil charters were filed today The Gladys Oil company of Beaumont Capital stock tie o Purpose to protect for oil Directors D Bear Fort Worth Bogham Beaumont E G Boall Sherman Go M Agurs ge W W Harry Shreveport and William Dixon Chicago
A brief notice lists inquiries into shares requested in multiple companies. Details include the firms involved, the amount sought, and the process for shareholders to respond within the specified deadline.
The Beaumont Old Exchange prepares to relocate to a renovated building this week. Members discuss adopting the New York Stock Exchange style rules, with adjustments as needed. The new exchange building will be ready for reactions and operations early in the week.
In Hardin County Texas sales rise as wells are slow to drill and land prices surge. Buyers flock to numerous parcels with prices from 10 to 1000 dollars per acre. Recent sales include two and a half acres near Sour Lake at around 200 dollars per acre and five acres at Saratoga for 5000 dollars.
Houston Texas dated May 7 depicts John H Kirby stating no connection or financial interest with the Kirby Old Company. He replies to inquiries and telegrams, saying he has no information about its organization or responsibility.
The Vincent well in Vinton Texas reached ninety feet when the drill struck hard material that was a pine log entangled in the bore. Nearby a small bog shows gas release with sulfuric surface sheen, prompting reports of a geyser-like phenomenon and rapid land speculation.
Eastern oil company representatives are in Bexar County leasing lands for all development. M Peek A Co Hall and J F Maxw ell of Corsicana are among those involved. It is stated that half of the county is now under lease on Dignowitty Hill. the scope suggests wide potential for oil production locally.
Jennings Las May 6 Jennings second est well was contracted for Saturday to be sank on the farm of Judson Barris indicating ongoing oil development efforts in Jennings.
Three miles northwest of ToWs and Alon Thie Grand Mn the Pantherip Ol copanay of Fort Worth will eink the weil and their agent Mr Wt Shanley ran the nerctiathoos. Work to commence within thirty Maye with Beott Torched and BLE. Two more oil companies expected in a few Maye.
A Nacogdoches based company dissolved after organizing with 25000 capital to operate in Jefferson County. They invested in land near Bean Tent, offered 60 per acre for the stake, and retained options. Ninety five percent of stock was pulled up, stockholders redomiciled, and operations to start two miles south of town near the East Spring after consolidation.
At Roger fifteen miles southeast of Marquez Leon county oil is reported in several places along a creek with 20 to 30 feet of oil scum on the water. Residents grow eager as the top of the stream shows oil and a company plans to start work at once.
In Gonzales County Texas on May 7 the Gonzales Oil Company is formed with officers including President D W Nixon Vice President W M Fly Secretary W T right Treasurer L B Tilsworth and directors Jo We Nixon Wd Helent W O M Fir HH BL Dilworth Angus Kidoo J P Raodle and C T Rather. Capital stock reported at 250 and charter will be applied for.
A local and external group present an oil sampling proposal before the city council. The measure seeks approval for a project near Alban Avenue, with discussion focusing on necessary permits and the potential impact on nearby properties. The council weighs the request amid calls for formal attestations and oversight.
Text from Richmond outlines efforts to expand capacity and provide amenities for residents traveling toward the new country. Mentions committees and plans to aid those seeking improvements and guidance in the area as town leaders address interests and development.
Corstenna Texas May reports attorney for Calliannia eatin inte who held lodges in the Morsicahe olt fled. A contract esterday to det on & Akio for a well on the Tewell die trey. There are teents one care of plots da the food for the versects supply Bolinox ql Corsicita for this all theii.
The Pipeline Company announced a recent rate adjustment in Corian Texas on May 7 setting crude petroleum delivery at 70 cents per barrel. The move affects Ty to TO brands and signals a broader price shift in regional crude trades.
In Reeehud Texas on May 7 and Carthage Texas on May . an all company forms to prospect for Bas Wood with parts engaged to send machinery to Went Operacors and start lining at once. George Ronis general manager returns from San Antonio to study wiring crude petroleum for fuel use as investigation proves satisfactory and likely oil will be tapped.
A series of short notes covers confirmations in Vorscana and ordinations in Marshall, revival plans in Brenham and Wharton, new members in Aryan, and pastor appointments in Calvert. Dr. Setlers preaches at Avenue Brook church, with growing Sunday school and a forthcoming children’s event at Stackland’s lakes.
An old advertisement extols Winslow's Soothing Syrup as a remedy for teething discomfort, wind colic, and diarrhoea in infants. It promotes the product as a trusted aid for babies and emphasizes its soothing effects.
A Raywood Rice Company official reveals plans to cultivate 14 000 acres this season near Beaumont. The project includes three planting plants and a new oil operation, with storage, milling, and distribution facilities under construction to support a large inland rice and fuel oil venture.
A Houston stranger named Isaac Van Dyke reportedly died yesterday afternoon in his Hotel Doyle room after arriving from Colorado Springs two to three weeks earlier. He had been active in Beaumont oil interests and registered at the hotel upon his arrival.
The text discusses difference between fat and lean babies detailing happiness and safety, noting fat babies have reserve strength to resist illness while lean ones lack it. It endorses Scott's Emulsion of Cod Liver Oil as a health aid and includes a truncated advertising imprint.
Wall Tiols offers million rolls of new goods in stock with low prices and wide selection. Aimed at trade, centers can request samples and price lists for special orders, with emphasis on durability and value.
This advertisement markets shirts, undergarments, handkerchiefs, cravats and hosiery with prices from 0c to $4.50, 25c to $3.40 per garment, and highlights three fashion favorites: flannel suits, light weight serges, and homespuns in conservative patterns. It invites customers to visit Whit for seasonal offerings.
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