The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-01-19
COMBINATION Is REMOVED
Latest Report Based on the Doiags
of a Company Just Organized.
II HAS BEGUN ACQUIRING GUSHERS
Becky Sharp Company Has Let a Pipe
Line Contraet-prummers Company
Elected offcers-S Shipments.

Beaumont, Texas. January 1s.-Develop-
men's of the last few days go to confirm
the reports so frequently circulated recent.
/ y 10 the effect that big deal involving
the combination OF large land interests and
. number OF gnshcrS on spindle Top
| Heights is about to be consummatea,
! LIVER since 4, became known that j. S.
NuIunan had entered the Beaumont field
( WIN the Texas Fuel company for the pur.
/ pose of purchasing and storing md eyentu.
! any refining Beaumont oil. rumors have
been rife concerning an amalgamatlon Of
producing properties, backed by the same
people who are associated with Mr.. Culll
nan The same rumors have had It that
Eastern capital is heavily Interested IN
this new deal 1t is positively known to-
day that this deal has progressed far more
rapidly than had been thought by these
| WHO are right on the field and who ordi-
narliy wonId know what Is going On
Absolute secrecy has been maintained by
the gentlemen who are working up the
combination, and the first hint of their
operations was given to the public this
morning when the newspapers contained a
dispatch from Austin stating that the FRO.
ducers OIL company, capital SL5oo,OOO, had
]
mont heid. The dispatch announced as
| thc incorporatorS William T. Campbell,
VINO Is manager OF the Hogg. Swayuc Syn
dlcate and second vice prrsll,ut of The
Citizens National bank Of Beaumont; Rod
oliver. president Of the same bank and
also president Of the Groesbecck National
t asnk T 99d S GsGgs n bon Grag lcsdea Of
Mf: craig reppessgnts the extensive intcr,
fact. the bank Of which he is president Is
Ina ~ Is
dispatch developed the fact that the FRO.
nGeers OH company has alrsady obtained
,sur ,gushers located IN different parts II
10 secure six additional wells The con-.
pany has also bought the fourteen aud Que
half acres on Spindle Top Heights known
as the Cleveland land.
it Is known that the organizers Of The
4. Producers oil company have also procured
an option on oil that portion Of the Il ith-
Ward tract obtained is the Marshall syn
dictate which remaius unsold and n Looks
very much as II most Of the available mud
on Spindle Top Heights except that owned
ny the large corporations. and the small
tracts already owned by and decided to The
small concerns viii DO absorbed ny the
combination II Is entirely possible that
the new company has made even more
negotiations for land than can he learned
q thls time.
Manarcr Campbell Of the Uog= Swayne
syndicate tonight confirmed the details as
stated above. hut would not so further
Howard Bland. cousin Of the late Rich
ard = Bland of Missouri came In from his
homo In Taylor today. He is interested
n the combination and 1t was learned from
him that some of the fargo oil operators in
tho PENNSYLVANIA and California Acids also
are Interested.
Fewer wells were brought IN this wees
than during any week for several months
but the joint well of the Beaumout Pctro.
leum and Gas company and the Consol-
dated OH aud Pipe Line company. which
was brought In this week made mn In i'm
portancc what was lacked lt numbers, add
Ing between birty aud forty acres to the
proved field and stimulating development
In q noIthcaSterly direction from the field
The companies owning this well are nov
arranging for pipe Hue, storage tanks aud
tank cars for the marketing Of their oil.
or the shipment Of 1000 barrels Of oil
which went to New YORK. yesterday from
the Texas oil and Pipe Line company. Cap
tain E NJ. Brown. Geld manager Tor the
company, said: This oil was To I'LL an
order merely for the purpose Of thoroughly
testing the oil. but Il l.UUpO oGblrlel con-
tract is Ringing on the result OF the test
We feel sure Of he result and Will bead
all our energies toward looking after wafer
shipments or Oil ! have been twenty we
years In the oil business, and there Ia more
satisfaction and less vocation in ShipplAs
by water than by rail,
The company which Captain Brown rep
resents expects to build up o nlg trade at
Atlantic coast points, for whicI il Is now
having vessels equipped
~
Tho executive committee of the Becky
sharp oil company visited Beaumont Fri
day and purchased ground for their oil
tanks and let contract for pipe lines and
the construction Of the tanks They also
made several large oil contracts, one OF
- "a n aud pCth f,f
100000 barrels TO be taken on call
~
The German.American OH company
turned oil into its earthen reservoir today,
and the oil flowed through the pipe line,
GEO feet without pumping into the tank.
The No. WELL which Is a sixinch, was
used. The pipe line was only four inches
In diameter, which was too small to take
the fun output OF the well. hut the now
5000 barrels OF oil viii low into the tank
within three days, This is the first earthen
reservoir 10 this field 10 be filled with oil.
The Drummers' OIL company had its an
nuaI stockholders meeting today and elect
ed the following officers: c. 5. T.. Holland.
presidents Dan NJ Lasker, vice president
NJ L. BiX.er, secretary; NJ. r. Fowler.
treasurer aud business manager. II WIS
decided at todny's meeting TO purchase
nifty tank cars.
The sun company has contracted with
the Gladys oil company OF Beaumont for
the oil rights on n sixteenth OF an acre in
block 81; with the Boreails OIL company
for the oil produced on an eighth of an
acre in block 50, aud wlrh the Lake su-
perior and Beaumont oil company fof the
oil produced on a small tract IN book ".
The ST. Louis Mutual Beaumont on com.
pany has purchased 1897 feet In block -
81 the yeitch survey from ID. Frank Car
from b. $. Wilkinson and others; an oil
lease on one acre ia the +. ID. Chenneth
survey, and a small tract In he Bul. ock
survey from W b. Green, aud two acres
10 the W. Dyches survey from w. c. Car
r. L. Cox has purchased OF the Waco
beaumont Oh company an undivided half
interest In lSx73 feet In block rs OF the
Veatch survey
Fonr On Company 23xi5 feet in block -
N The Vcafch survey for $500.
The Keith Ward OH company has ed
92y42 feet IN block r. ~ the Neatch gurvFy
Ia the Eastern Texas oil aud development
company for 5000,
A shortage OF cars caused slump In oil
shipments today. only ffty-sir cars going
out which makes 17se ears for the month.
~
The Beaumont Exchange.
Beaumont Texas. January 1s.--Follcwine
are the quotations on the Besumont oil ex