The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-12-18
THREE Big REFINERIES
Are TO Be Located at Beaumont. II
Is Said.
OIL SHIPMENTS STEADILY INCREASING
The Cold Weather Is Materially Inter
ferine With the Work in the Field.
Burners for Cook Stoves.

Beaumont, Texas, December 1.-THE Sill.
yer Dime oil company brought in a good
fourlnch spoutor ON block IS this after.
noon. The dow was steady and entirely
satisfactory.
gentleman who has inside Information
Informed The Post correspondent that three
big rehneries are to be located In this Geld
during the next four months. but he was
not at liberty to give details,
~
The stocks of all the oil companies that
arc shipping oil hsve exhibited hrmer
tone for several days, and In many cases
there have been notable Increases. This is
attributed to the fact that several com
panies have declared dividends from the
sale of oil and others are expected to do
SO within a short time.
The Haywood oil company, with a capitaI
stock Of SS0O.0oO has declared another
per cent dividend payable January 10. to
All stockholders of record on January :.
rms company declared a similar dividend
on october %, and upon the payment OF
the dividend just declared the company will
nave distributed the sum Of SOL, 600 among
us st0ckholders Speaking Of the business
said TO The Post correspondent tonight,
we expect to declare 4 per cent divid-
end at each quarter and If we could get
cars TO I'LL our orders we would make IL
per cent instead of T."
~
One hundred and thirty seven cars Of oil
went out today, making a total Of 1879 cars
for the month. For the working days OF
December shipments have average Ia cars
ner ua' a|ninst elghtynine care per day
for Novembs r.
Cold weather has prevailed here since
Sunday, and work in the Geld has been
cone -derably hlndered The freezes at
night have resulted in the bursting Of wa.
ter pipes and wells that were expected in
have been delayed Several of the wells
which are about due are on the Keith
Ward tract, and on this land an unusual
aIhount Of rock has been encountered,
which makes the drilling slow.
~
Several kinds of appliances for the
burning of Beaumont oil in heating aud
cooking stoves have been exhibited here,
bu; none of them have given perfect salts
faction. Mr. Luke p Beech of Cincinnati
has burner here now which he believes
mas solved the problem. The burning of
oil IN stoves Is thing that many people
Gre interested In, and each burner that has
been shown has been examined by hundreds
pt people Mr.. Beech has been working on
his burner for three years and he has had
one of them In use at his home In Gin
tlnnali FOR six months, burning Beaumont
oil The burner is also being shown here
II consumes three gallons Of oil in nine
hours, makes a steady and uniform heat
and is simple In construction. safety
device carries all surplus oil into a waste
tank, so that If by accident the valve he
opened too wide the oil will not feed too
rapidly Arrangements are being made to
put the stoves on the market next month.
~
The following oil stocks were sold te>
day:
Haywood S shares at Slo6.
Higgins, 100 shares at $40
Higgins. 10 shares a $50
Manhattan, 1900 shares Mt Soc
National OIL and Pipe Line, 2450 shares
at j5c
Cronin Land and Oil, 200 shares at 91sc.