The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-07-01
OIL SHIPMENTS LARGE.
Companies Accountants Are Now
Getting Out Statements.
GOOD BUSINESS WAS DONE IN STOCKS
Faith In the Jennings Field Has Been
Enlarged by the Coming In OF
the New Gusher.

easily accounted for in the fact that nearly
all the news comes through the kindness
of the office men and they are as busy as
human beings ever get STRENGTHENING out
their months business and seeing what has
been done. There are statements upon
piles of statements and they all tell the
story OF what June has been to oil In this
section And the story is replete with
good things, for 1t has been the most pros
porous month in the history OF the neld.
shipments have been better and. what Is
still more pleasing to the old timers. prices
are better too. This is what counts 10 n
large extent The big prices win suit the
producer better than the big production.
for the higher the price the grenter the
| pront. big production at low figure
means heavy costs in handling and there
fore is unsatisfactory.
~
The bringing In Of the Jennings OIL COM
pany No. at Jennings Saturday strength
ems the condolences of the Jennings en-
thusiasts no little and proves that tho area
There Is Is a., Wide one End that the field win
nings company has among its stockholders
the Heywoods and Captain Tyrrel. the
people who started the validating there.
They are now spending large part Of their
| time In Jennings getting matters systema-
tiled. This is the first field In the history
OF the oil business where the tankage, pipe
| lines and cnrs were bought and placed In
position ready to receive the oil before II
was struck. It showed a remarkable nerve
and great deal Of confidence to do all
this, but that is what these people have
tnade q reputation for since their advent
In the Beaumont field.
The close OF the month shows the oil ex.
change holding its own, the business being
less than days average shy Of the May
business and the former month was day
longer than this. The figures for June are
/ 2.2O1.225 shares, as against 2,277 495 for
May It was Thought by the brokers and
all the members of the OIL exchange that
the summer would show a slackening In
stock trading, but 1t seems as active as
ever The people in the East and North
and even nearer home are still buying and
these sales are going through the exchange
here in most cases. Secretary Chldress
thought that ne would get rest about this
time of the year. but from the volume Of
business passing through his hand 1t looks
as If ne is doomed to disappointment.
~
W. C. Tyrreii, Jr,, spent yesterday in
Jennings and states that the oil men there
are, like the farmers, praying for rain. The
heavy rainfall of few days since went no
further east than Lake Charles he states
md the oil men are simply parching for
water.
The Sabine OIL and Marketing company
is installing the largest high pressure pump
on the hill today. 1t Is said that this Is
about as big piece of machinery OF the
kind as has ever come South.
~
4 Contractor W. p. Sturm Is again In Cor
sicana, called there by the serious illness
of his brother, j. w. Sturm. The reports
today are that the sick man is better.
~
Secretary Childress has a letter from the
Sour Lake Springs OIL company in which It
Is stated that arrangements have practical
SSen SSea rd for b. so5s as
but that the people of Sour Lake would le
glad TO interest themselves toward getting
fee Southern Pacific to build it to Be gmont
has the matter In hand, and II there Is any
way to get a change In the plans, as at
present contemplated, he will take steps to
make them.
The Post correspondent had a talk with
one OF tho employees of the Gulf Refining
company yesterday ana learned that the
company. is rapidly getting In shape to lo d
large inland business. SO far they have
done nothing 10 court the interior trade,
hut now they have under way barrel fac
tory and also cannery. The fact that
they are building two plants of this kind
| shows plainly that they are preparing to
send into commercial use throughout the
| United States Beaumont oil In refined
state. They are making oil in all grades
as: fine as any that can. be refined any
| into active competition with the present
producers Of Illuminating and lubricating
oil. In their facilities they have an ad-
| vantage for all the trade In the South that
can hardly be overcome until the other re-
fneries are completed In this field. They
are now operating their No. and No. aud
the No. will be ready in sixty days, and
they can Mt that time turn loose their oil
TO great advantage. So far they have only
been desulphurizing the oil for the ship
ments to Europe from the. fact that none OF
the European powers will allow oil with
sulphur on 1t to land on any European
| soil.
Governor Benton McMilln is in Beaumont
looking after his oil properties. He is heav-
lily interested In the Beaumont field, being
president of the Huntley oil and Refining
company and the owner Of some other val
liable stocks. BE will remain here day or
| two while the ship of state of Tennessee Is
being manipulated by the lieutenant COVER
| nor.
Higgins Oil and Fuel company stock
went to S6s on the exchange this morning,
and II is said that other solid companies
are going to see similar Increase in the
next few days due to Investments that are
seeking an outlet here. The Higgins, how
| ever, has been steadily running up for more
than a week and some rather large sales
! have been made, and 1t is also stated that
| private sales In this concern are going ON
| uere alluosL ubliys
~
Ed Klmball spent yesterday In San An
tonic making a sort of flying trip out there
In a single day. He states that he saw
more oil used for medicine there in day
than he ever expected was consumed in
the entire world in similar time. He
| insists that the consumptive patients who
| go to San Antonio are at the train every
J day to get Beaumont crude oil for medicinal
purposes. This has been going on for some
time and It Is said that In many cases good
results have been obtained, while others
say that It does not do good At any rate,
Mr.. Kimball says there is big demand
| in San Antonio.
~
The following Is the result of today's
trading on the exchange:
| SALES.
Consolidated National, 1880 shares at
| Zoe
Gold Eagle, 1890 shares at Toe.
| Dividend. 1850 shares at 1c; 1000 shares
nj Ike.