The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-06-12
MOTHER Big REFINERY.
....,,,y for II Has Been Purchased
- at Beaumont.
,r,rfy IS EXPECTED TO ARRIVE SOON
PROPOSES to Issue Large
po"p, Of Bonds to Get Money for
~ setterments--Oil News.

s.,thern PaClnc unu the S""to ~ p"Nh'
s s..sas hands and the object OF the pur-
Il given out as being for big re-
VI, 70 handle luOricating oil only The
'p, .ss,,nsn who gave out the information
p.1 ,hat he was not at liberty to make
s.uc the particulars of the deal, but
~ h Ind certainly been made and was
I. used for u big refinery III the west
,.rt Of the city 1t is on what Is
-, aa West Crockett street, and is az
,,nis Ia all the railroads in the city.
y promoters seemingly looking rather to
=. shipping facilities by rail than to try
y. n cet water front, which has seemed
:, popular during the last few weeks in
4. Efforts Of factories of various kinds to
!, LEGATIONS In Beaumont. There is plenty
:, canltal behind this movement aud 1t
I'M be permanently organized and con
,,ructIon started in very short time.
~
II is probable that j. NJ. Guffey and
4. hr marty will arrive IN Beaumont day
,ear tomorrow This will be the same
in that was contemplated two months
40 except that they will at the same
lime attend a special stockholders meet.
N issue of mortgage bonds TO the extent
a SOOO,0O0, and 1t is said that this fund
4 TO be created for the purp&e OF bet
tsripg The improvements already made and
Nv further extending facilities In this field.
That company has spent considerably more
Canev here than any other one concern
mi Tint they are now evidently getting
rfSdy for further investments IL taken to
mean that they have Implicit confidence
49, .,,s.F ...A .
ire In 4 position to know more ahcut It's
,einsl conditions than any ono else They
have never paused for a moment In their
work Of getting ready for shipping by
WATER on large scale and IN supplying
Themselves with large numbers of private
tank cars for interior shipments. What
otner matters Colonel GufTCy aud his di.-
nruIshed and wealthy party will look
after while here is Of course prohlrmatical
and they are not giving ont anything even
s0out the bond Issue which they propose.
49,
There are steadily at work Mt Port
Yschcs; they have $50 men and all the ma
trral they can handle. In fact. eycryth ng
to make the Central Asphai, aud Refining
company plant n complete one Is already
on the ground and all that remains to he
done is the labor in putting this material
together but that is going to require more
tAan thirty days longer One Of the rep
resentatiyes of the company stated that
ne would not be at all surprised II the
plant were not running before August ].
Their contract for oil begins on July l at
the rate OF 1900 barrels per day, but they
wall no doubt make some arrangements
70. handling that amount until they can
take II in and refine 1t. This plant Is a
very large one and will handle sixty ears
Of oil per day or the equivalent of two
trainoals, and there have been statements
made here to the effect that the company
already has very large contracts booked
for shipment that will keep them busy
for some time after they get started. The
Beaumont oil men expect to learn Il great
deal Of the value of Beaumont oil when
this plant gets to going. because senator
IowncS policy has been to tell tho people
what he knows about the oil and to act
N way to help the field generally at
every point He is expected here the
later part of this month.
, \ +
Higgins we'll No. / is still showing that
It has much power behind It aud the
crews are loading oil 1900 feet away and
with thirty foot lift by the natural press
ue. This is the well that was singled
ogl not long since MS being one that re-
CURED pumping.
The NJ, X. and 7. Oil company has or
dered out perhaps the most attractive
souvenir Of the company that was ever
prepared FOR any corporation by anybody.
Il is handsome photograph OF Miss hi
heFaddn, who Is styled in the folder
as The sponsor of the company. Miss Me
trddin Is the daughter of w. i. X. Mead
am, who Is probably the wealthicst man
IN Texas, made so by his own excrtions
and the Lucas gushcr strike.
49,
Hamll Brothers & Forney are drilling In
well on block 36 for the Beatty OIL
company to be known as their No. =.
Dan Lively, manager Of the Buffalo OIL
company. and also the Drillers OIL COM
pany is out In a proposition to his stock
aoIdelS. Mr. Lively is putting all the
pfohts of these companies into bettcrmenth
lhd expects soon TO reap n reward. At
present. there may be some dissatiSheC
stpekholderS who are Offering their stotn
W me exchanges. Mr.. Lively says he VIII
sle each stakeholder Il barrel of oil from
le company's we'll for a share OF stock
sld that the stock will he thrown back
mo the treasury. His reasoning Is TINS
, ~3' me stock is selling at ~ or cents
Saa at the very least the seller can get
I" cents per barrel for his oil. This
waves big margin of profit.
me London on and Pipe Line company
aan mishap this morning due to pressure
rum one of its wells The well was turned
Sn. az It's natural gait and the pipe line
ar j. II Bright of the Gcrman-Amrri'
S M oll company will leave for Chicago
spaday morning.
\ ~
begins to look as IL the city will not
y able to pave Park street now There Is
hrohabillty that the county Will not fur
l'sA the $4,000 towards this work on ac
ui OF some question as to whether they
van apply portion Of their bond fund
70 work inside tho city limits. The street
In question leads IN tho oil Neld and Is
cItiS.eHiiy the only street available aud IN,
.-------n-s nave been very anxious TO see U