The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-10-13
Establishment !. 4
Retineries VIII
Be Pr Principal Fa,t,,
In In Widening tie he
Market and
Maintaining Pric,,

a. oeseessss,.,.
time goes on the number =, IVA
the Immediate vicinity Of ~ 'e.aeiis q
held VIII gradually increase ~ Deasax
per per commensurate with the pssa , !, ,la
uell is IN operation. Capital Il r,a.. q =
.'ii'iu "nen new enterprises are o. ,s'O'''
put the refining industry, Win. S !.
to this particular section. ls ~.
untried. Operations In the co,.,. y. u.'l
nave demonstrated Just wbo, !. *
along this line, so it Is no, pOssi4
go outside Of our own State n, y
object lesson. With the ,n.,.. 'a7 a'sas
number Of rehnerles win Conn sa's !. y h
ana better facilities for handling Az. 49, !.
porting the oil; the fuel oil MAJ .au Nss
renewed Of certain amonn. = "'a n
and as the demand for fnel IN P'ss'al
uonably growing materially larys, '4sfs
month goes by, the prices for M - : g
uct VIII not only be maintaInoa !, !, w
he greatly enhanced until soms,h,,. y "
legitimate figure is reached. h. w !
hy-products, in addition to lllumbs,,,. "
which viii result from the refining ~.
will find a ready market at nrie.. ~ ~.
will be profitable to the operato,.. IS.
forces of workmen will be emnlov.a w
money will he put in clrculatlon "a
whole field of operations will b 49,,
and broadened until at last tba M,
sibili;les Of the Texas oil fold An
brought out. 1t will take nms 4
compllsh all this. Of course, bpt /, !,
meantime there is no need for aur N, !,
get discouraged.
The matter OF the real value Of IN. IT,.
petroleum is an interesting one. Ths NJ.
at which Russian petroleum is bsu, y
at present is from 35 and 40 cents M
representS a considerable falling Of h 4,
past two years Much Of the decline hs, q,
CURED since the discovery Of the Besupcs
tieid, but experts say there Is no ras,
for this because, to quote one # n.s
"the condition Of both oils, chsnEal5
geographically and otherwise are m,h
10 make competition from either side
absolute impossibility once the value q 4.
liquid fuel Is established on the Atll,s
coast of the United States" The ar.
authority. Prof Caracrlstl, estimates d.
petroleum production Of Texas at 45,00st
barrels per annum and goes on to state tt,i
he has taken a minimum basis rather in
an extreme position. This estimate Is tisi
on the probable discovery and develcpns;
of oil fields at places other than q.
Neches district, and Prof. caractsl y
hcsitatingly states that the figures be M
lions will be reached within Eve Jaa
He estimates the value Of Texas petrelaa
at from co cents to 81 per barrel ~
being the case, it would seem tia! Y
mistake being made by those Fhs N
Offering oil for practically nothlEg, slnii
because they have no facilities tog s1ia
or marketing their product, Is one Of r'li \
magnitude and one which should b q
rected at the earliest possible moment
In addition to some Of the other niss'i
mentioned the interesting subject o. as
capitalization Is taken up and discusses y
Prof. Caracrisu IN recent Issue d =.
Manufacturers Record. In beginning ~
discussion of the matter the professor nv
Taking this 0he Beaumont Hsia "
its actual investment and not upon ~ q
italizatlon as inflated by bubble conpana
I do not hesitate to say that the F'laa
upon the money actually expended -
property bought at reasonable values =.
the development Of these properties y
be found as whole TO exceed noa
any other field so far discovered saA
the Rocky Mountains.