The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-05-22
TO GET OIL ABOVE GROUND
Is Now The Desire Of Those Who
Figure on a Rise.
THE OPERATIONS At HIGH ISLAND
The Find Near Austin Is ATTRACTING Con-
siderable Attention--Maverok Has
Cleared With Big Cargo.

Beaumont Texas, May o1.-Two ca+iosss
OF scrapers were carried To the sor,h i,
the city today to start I'D more earthen
reservoir work. The rapid manner IN ,vnirh
storage tanks are being provided for tho oIl
above ground leads to the conclusion tbo,
every producer and buyer ON the hin ls
70 ins 10 get as much oil above ground as
possible and as quickly as possible The,
az seem TO be clamoring for tankage with
the same mad rush that was eyeident last
May when they wanted land The reason
for this Is plain. The earthen tankagc can
be constructed for two cents per barrel an /
the Oil be cared for in way Just as sat.
iSfactory as II 1t were a steel tank. The
rehneries will soon get well under wa
ana II - good case for speculation hy
the man who mas some small cnnuge Ia nut
1t IN cailhcu tanknge ana cheap oil nos.
Ia tAc OH costs . cents per barrel and
some Of the recent contracts Wcrr ma 10
uhuer that sum the taukagc Is only
cents, 1t can readily D. seen where the
man VINO does the investing will get goo
returns as soon as the reuneries begin run.
nlns ana the oil comes into demand.
ar. j. H. Brlght Ol the German American
Oll company, VINO lis sort or pioneer Ia tina
way of cnrthen tankaEe, had the following
10 say about this part of the business: -
thihk That the e1rtncn reservoirs are going
TO be generally adopted at once. 1t IS the
luVul reservoir and ut . cents per barrel.
which Is the cost OF this Class OF tanknga
the supply that can be raised to tine SIR
face IRON Spindle Top Is unlimited o.
course these tanks can be built to cost
more than that amount by adding coverings
aud by putting extra work on the walls
hut Ceuts per barrel VIII make a sufo an
effective tank and the oil will not get
away.
"lhe only thing about them Is that cnre
must be used In tamping the bottoms and
sides exposed to the oil. This Is work
that requires consideration but otherwise
the work of building carthen tanks Is easy
The Austin oil field is attracting consider
able attention here now. The oil reople in
this city have no doubt but that good
find has been struck there. They do not
think II is so large In quantity hut they be.
lieye that it is of superior Quality. Tho
following are extracts from letter re-
ce'ycd this morning by Alderman w. A.
Meashcr of this city by the gentlemen who
have charge of the work of the Palestine
oil and Development company in Travis
county. They bailed the well all day aud
could not get the asphalt out. 1t Is general
~ considered now by persons who claim
10 know, that this is liquid asphalt and
II actually taken from the well as pure as
4 drawn from a barrel Of asphalt mat ha[I
Yesterday evening they bailcd out four bar
rels of oil and the last 5liler they sent
down came up half full Of water and half
full of light oil, SO they closed for the night
This morning when they tested the well
again they found ninety feet of tn heavy
oil in the WE'LL
Captain {. T. Cade, who has been at High
Island for the past two weeks arranging
for the summer resort opening there, writes
most favorably Of the oil developments lie
states that the Guffcy company Is at work
on three wells. one Of these is down 1lO0
feet and has been going through solid rock,
but it is thought that this viii he overcome
In very short distance further down. The
rocky formations nave been found In the
other Wells also and tho Big Four well has
stopped operations temporarily, The indi
cations are that a very large amount of oil
is going to come from High Island before
many more moons are counted. Captain
Cadp also states that the daily service Will
he established hv Receiver ODOnnen en-
the Gulf and Interstate In few days moro.
Tho road Is being OK tended TO the shell pit
for the purpose Of giving Beaumont access
to the shell there for street paving rur-
poses.
James w. Swaync came In this morning
from Fort Worth. accompanied by his wife.
Mr. Swlync has been at his home in Fort
Worth for the past two or three days.
ID. A. Dewitt, j. s. Engle and A. C..
shaver are among the oil men here from
CorBlcana t0dny.
'rhc steamer Maverick with barge y has
cleared with 10000 barrels of oil far lhild,
dolphin. 1t was loaded by the National
OH ana Pipe Line company for the sun OIL
company.
Tie Byrd-Lynd syndicate is down 1850
feet at Sour Lake.
Field Manager Boyton has another well
on block 81 for Il. l.. Cox Co.
~
The oil exchange today was In much bet
ter form than yesterday aud the volume
OF business ran up considerably as re-
suit Of the new life that some Of the br0i"is
seemed to have aboard. The following are
the transactions:
independence. 1900 shares at 9&c.
Missouri, Kansas and Texas, 2JO shares
at 10c
Anglo American. 5000 shares at 1Ac
Dividend 2C.OOO shares at sc.
Beaumont oil and Mineral, 100 shares
at &c.
Gold Eagle 34Oo shares at Zoe,
Texas Western. 80 shares at Sl.4u
oil fob Gladys cars sold at 25c.
NO. / ,....., ......,.'s ''''''' 90 -
No. 2 ACKNOWLEDGEMENTS. ,s' '''.'''' Loo
THE TAYLOR WELL.