The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-08-04
THE OUTLOOK FOR OIL.
Situation at Beaumont Is Improving
Gradually, but Surely.
SOME OF THE PIPE LINE PROPOSITIONS
Business Order Evolved Out OF epeeula.
tive Confusion---Markat Prices for
Guaranteed oushers.
New orleana rlm...pemocr.t.

Beaumont. Texas, August i.--Now that
eighteen 'eushers," "geysers" or spout.
ers" are helching forth great volumes Of
the best fuel Oh ever obtained from Mother
| Earth. or are ready t. do so as fast as SUIT
hclent tankage aud shipping facilities can
be provided, the question Of a market for
the product Is uppsrmost Ia the minds OF
these who own the productive wells. HALF
dozen new wells are practically ready
TO be Drought In" aud dozen others arc
nearing the oil beariag sand at rapid
rate,
With the building and nllins Of new
tanks, many OF which are In process OF
erection, the storage Of vast amount OF
the valuable fuel is being rapidly solved.
but storage Is ouly temporary security,
ana the outlet is the main deslderatum with
all hands.
THIS applies wholly TO the Spindle Top
region, as no producing we'll OF large ca.
| pacity has yet been turned loose outside OF
marrow area, less than mile square.
| So close are all the flowing wells togeth.
er, aud SO even the pressure Indicated In
each spouter, that the eoncensus OF opin,
lon is that all ara drawing from the SINE
| nVol or source OF supply. When other wells
| are actually Rowing tho public VIII believe
( that there Is oil elsewhere IN this region
| Biologists, enthusiasts ana those Who
| nave hought adiacent lauds are perfectly
sNuEWhe thdt OIL IN paying quantities viii
be found an over the zone Indicated hy the
! maps aud surveys OF Oh cXpcrts and en-.
| nent scientists, and, SO FAR rs the laymen
| can determine, surface Indications are
abundant In many localities to support the
| theory,
The market for oil consumption Is broad.
rhlng didN, and quito as rapidly as could
he reasonably expected. considering the fact
1 NAT transportation rates pre yrt in a very
! Nhsallstaciory state uud distribution facli,
yet been provided,
The complete change Of system Is not
! entered INTO readily, notwithstanding the
mahiteHt ana manifold advantages, because
many large users of fuel do not feel salts
Acd that the supply VIII be permanent, and
| many nave existing contracts cor q I re
| g99I supply which can not be cancelled at
no overcome the former prejudice the
| larger producers are Offering 20 contract
Tor one or two year terms AT a liked price,
and tortifying their propositions with sub.
/ staniial bonds where required, The build,
/ ing Of tanknge 10 all points OF distribution
Is going on rapidly and the held Is ever
| doing business are daily Increased aud pro
! unSiion iS gglwing 8pace'
| WIN MI the facilities row nt hand the
daily output does not equal the product ~
! even the smallest well on the Hill rhr
/ daily shipments by tank cars and steamer
| FROM PORT Arthur airs conceded by the hest
| judges to he about 10000 barrels When
! the five new steamers recently acquired by
| the J. NJ. GlNey company at Philadelphia
are IN commission this average VIII DOUBT
less he Increased ny 10000 barrels; and set
y 10000 barrel wei IN this Held Is not con
sldered 9 large one hE any means. Thus
! whose product Is not vet ending an outlet;
| or, more properly speaking, q few OF tho
wells are allowed TO run for q few hours
/ daily to keep their tanks fnll
A good authority states that four Of the
| hlg geysers have been allowed 20 how sim.
uitaneousiy with no visible diniinuuon Of
| the pressure or supply
] The ]. NJ Guhey company has stxInch
! pipe line to Port Arthur, from which their
| ocean tankage is oiled. II Is announced
mat this COMPANY, VIII build q large re-
| lnery AZ Port Arthur whore II is already
/ constructing Il large number OF great tanks
| FOR local storage al deep wntcr
This company has made contracts with
number of the large producers for a1ed
quantity OF Ill each II 1uth, although Is 10
! q large producer we'll Az present de-
veonments point 10 the purpose OF doing
/ an Immense shipping business BY sen-k0lhg
vessels, as well ps being keen bidders FOR
! local consumption Of all OH products In
Texas, Louisiana End other States where
1 rail- rates are not prohihitlNe.
! The Haywood company has line 70 its
| large storage tanks below the teld which
| might easily be extended TO deep water IT
! desired. The National OH and ripe Line
| company has two gushing wells, and ?
! rapidly completing y siN-lnch line TO Port
Arthur Inc Lone star ana Crescent CON
/
| tanks az Sabine Pass and a sx-inch line
| VIII run thence 60 It's own dock, where q
vessel may be loaded and cleared In twelve
| hours
The maximum capacity OF slx.lnch limo
| running this heavy Beaumont oil rs est
| muted DO be 10000 barrels IN twenty-fonr
| hours; that Of the Tone Star and Crescent
company is estimated at nearly double that
| quantity.
The Southern Pacific companys tracks
! run quite close to the Spindle TOP held on
the west. and new loading stations are be
lag rapidly built 90 facilitate the shipments
Several sldetracks haye been pun Ia nnl
more are contemplated ~ the regular
train service provides for but one combined
passenger aud freight train 70 Sabine and
return daily, the track Is free for trims
portatlnn ~ empty tpuks and supplies 70
| II IA estimated that over 2O.hW barrels
per day are shipped from the ield by this
road
/ on The Port Arthur route loading stations
are eng built and, although the distance
Is greater from the producing Wells q great
1 many tank ears viii hp shipped ffon ihe
dctd direst NJ we'll as the refined product
IN the event ~ the retneryA complexion
i IL would not be q serious matter 20
double track iho Southern FeelhG lot a3io ',
ten miles and this would greatly relieve
tho eouccstinu A shortage OF tank cars
has been claimed by shippers, but lhe raul
| way onieals stontly maintain that they
baye M abundant supply. AS soon as stor-
age tanks are completed az inc various
| points 81 concentration and distribution.
both lines viii DO taxed 60 their utmost to
/ handle the traffic
THE companies operating their own OF
iensed lines OF tank ears are the "a.
| Guntey Higgins, Heywcod WatfrHfleree
and some Of the regular oil transit ines
| Not a dng passes that some large manu-
1 featuring company does not become con
| vrrtod 10 the use Of fuel oil Electric street
! railway companies, gas companies, lee
plants and all large consumers u fuel can
! fcaduv Hgnfe an appreeiAlile saving on the
] hrsi cost aud the conTenience OF MANNING,
applying and sioFing ~ Is evident al
! glnncc Tho IRE insurance companies are
becoming better posted on the comparative
risks and no longer intcrpose any barrier
| where the oil s used under proper epndi
| lions ana restrlcuons The cleanliness ana
saving OF help, wages In handling coal
! elnders and ashes, IL another important
/ rain which consumers are quick 20 realize.
! Nowhere Is the use and saving better ex-
/ empiited than at the wells hens bored ia
4 this field where ell boiler fires are Ted by
INC loesi product The Oh and hauling do
NOT cost 10 exceed one'half that Or coal
/ ana Is even cheaper than wood 10 a timber
4 and sawmiN country, an thugs considered.
INC saving IN mems lire and hauling cost
| alone are sufficient indueements, 70 Say
1 nothing az the superior facilities with winch
i lie boilers are run. From 500 20 $1,000 per
day n now being saved 20 the Qrilefs IN
the Beaumont field BY The use Of tuel OF.