The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-05-04
THE PRICE OFPETROLEUM.
What Is Being Paid for the Oil TO
the Different Companies.
BIG CONCERNS ARE NOT SACRIFICING.
Twenty Cents Per Barrel is the Lowest
Any Of Them viii Accept and Some
Get Even More.

Beaumont, Texas, May S.--To prove how
farreaching the market for Beaumont oil
is going 1t may be stated that the Mis-
souri, Kansas and Texas OIL company yes
terdsy sent out over the Santa Fe a ship
ment Of Beaumont crude TO Kansas city.
This shipment is for the purpose Of supply
Ing large manufacturing plant there with
oil for fuel and Is tho beginning Of what is
likely TO develop into big trade. In speak
Ing OF tho value Of the oil at that point, a
representative of the company stated to
The Post corr esponde1t this morning that
q given amount OF oil would produce az
much hent when from Beaumont for SO 50
as when purchased from the Standard Oil
company from the Eastern fields at a cost
Of SO 80 The Standard has been furnish
Ing the company with a residuum, while
the Beaumont production is the. straight
crude, which accounts for one difference
In the amount Of heat producing power
and making the difference in the cost. The
price received here for the oil is consider
ably above the average.
~
In regard to prices on oil, good example
of the way prices are going and a good
reason why they should take an upward
turn, Is given In the following prices that
have been received by The Post correspond
ent from first one source and then another
The Gurey Petroleum company gets a
price Of 20 cents barrel from the Gulf
Refining company, a sister concern, but the
renners Of their product at Port Arthur.
The latter company, after desuphurizing
the prouuSt' mas sworn tnat the value OF
3lh cents, while It is also stated on good
authority that they In reality receive at
that point 80 cents per barrel for the oil
nnu Eet pergen,age Oyer S shu anoHe Inat
md rrodlpS cninnopy cots ovcr II IN IN.
gland after dcductlng the cost OF carriage.
Tho Higgins oil and kuel comDnny is
said TO have some desirable railroad con
trarts ot nriccg Of % cents nor barrel
etroirbt T. q H. tbr cars M Spindic Ton
The Lone star and Crescent oil company
IS getdlns for It's OIL T. O. b. bont at Sabine
70 MI tb9o New rlrieopS trada NJ tbSt 6p5nrss
on long time contracts
The lIeywood on company secures a
lover Lower hgure. ..o ,,rr ,.. .....,u
bic prjccs Inf n nnst no '' admitto s tbat
great deal of oil can he bought there
IoIay Ior from cents to cents per bar
IeI. ne prices are getting better every
ny; noWeyer' ana every oil man IN the
s BUSINESS ,ooHs ror Dig increase oeIore tue
9uWlner Is over
AT Tue Oh ehcnansc members meeting
'ou.Bnt 'he loHoWlng nominations were
mado for officers for the coming year: Sam
fork, presidents John b. Goodhue, vice
II ~ HaDIuS9n, treasurer a.
caller. These arc The samo as last year
The exchange Is aourishlns.
~
nh ,o,,o+,orot d., .,,,,.., 49,
uorping nro,,c1 - No All, - 80 |
here ON an InvostIcotIon to,,r Th,.o 49,
been three +bousnnd such roon,o boro s,r,o
NIev lost voo,. and +t, t,ro,t,,,,t,,.'. ,
resulted In a great many suits and The
present one Will be likely 10 take the same
turn. F'he man who Is here is Oliver II |
Perry from Nebraska
49,
MeSsrS' hainll Brothers & Forney Will |
bring In q well on block 3s Of the HogC. |
Swavnc for tbe Ntisso,,ri trorsos am, 1,o,,,
oil Somngnv in dav ar no rb 'su ,ii is
Kntv No ' WV '' WA NC /
49,
the Spindle Top Power company an !