The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-07-20
|EMANp FOR STORAGE ACeoMMoDA-
TION

TlON.
The erection of oil storage accommod1-
bon, SO very much needed at the present
lme, constitutes separate business that
Rn be undertaken by a different class of
REGULATORS. 1t does not connect wen with
be maritime branch Of the trade. Storage
|nen provided today is Immediately In
e'aS ne and know OF one case In which
S@lsfs Of tanks now building have com
|eted contracts for the storage of oil ex-
nndlng over several years before the rivets
ave been driven into the holes Money
pyested in oil storage accommodation at
he mouth OF the Thames should turn out
DC pfontuble investment, and those
kno embark IN this business need NOT
seessarlIy be actively associated with
Aasf tDe ocean "6I1 land transport OF oil.
W as mere are comparatively small and
nueteAaeht concerns engaged In the pro
pstioh Of Oh In IeSasr-tii1ns which Will
ng IL necessary TO charter ocean going
EnnaeIs ana storage recommendations II
~ DC round advantageous If companies
We started 10 compete for the bust.
INA ~ oll storage. Tho third branch OF
~ business Is not the least important: IL
,t,psneGea with the development of the
Papfn OIL fuel mArket-a difficult task, but
~ py any means hopeless one Not
khs Is 1t necessary that manufacturers
SVula pe satisfied In the important matter
supply, but the head Offices of com
tanieS started 10 push this business should
te IN position to distribute nn.tnlGote
~ III Ie. sD,e literature about the advantages
~ \" Iuel One or two great comnnnies
fprt WIN capital of EI,0o0, 600. might
4, H. S .es embracing the three branches
Eomnsniasaa pe te which ] have referred, but
t sr.ppaLS with moderate financial re-
,uurces should devote their attantinn y
Ranl ottahIch OF the business. because
kdlI odihnce OF 100000 or even fonO ON
baylbms, t so far II 1t is spent upon n system
u ieSas IA OBJECT the purchase of oil
laeturin, NV nnr. ~ distribution In the manu-.
Ina nnntt seNters Of this country and on
fbbyI s continent Of Europe 4 h9s,n onu o ~
bIoyma,'ss hllnde will necessitate fhe ON.
baye ~ q considerable capitaT ana r
Thar ,he ' tRe least hesitation In stating
kil be don o'p ~ OF trade in oil fuel that
(ime viii irstj,,t ms country in few years,
Der Of noN Justly the formation of nnm,
bbern powerful oil distributing comnanies
kkich 49, great future for those coninanies
6ovemen, 10 pioneer the new linnid fnai
IA this country. -De
4, iiSH FINANCE AND TExAs orr.
so,s. present time there must he baIr
H. fsr Anglo-Texan company schemes nm.
H., 9ps Consideration in London Tbe
nm pOttaht of these, If carried throusn
eud Isan the, attachment of a ,nr,t1sn
Euounn Oropean section to an ALREADY veil
sm ~, ana established Texas business il
M ,, aso lead to the regular running Of
be di strihsin the transatlantic trade and
Country and ION OF Texas crude oil in tbis
hi Tesssss nd on the continent A snace en.s
purpose IN man has arrived here for tne
gni tbs a. putting the scheme tbpongi
"a f1e hhance is being arransed pr,3a5 a. u,
pectes =, this week seen the hriyate nsos
sAs an o new British oil company witch
iop Go UPTON on two wells on snindia
salr. I 'r,,o some improved land noorer ,ne
Dompabv w capital win be ESQ 900 and the
fip clss, rs being engineered by q SO, or
newspapas sn Investing public mean ,tps
N thu III reading pr--inelals who invest
Is il wan s OF any country is moi So great
Dot be s sS a lew years ago. but i shnuIa
pectoses 'Ptised II carefully written mos
bout -. 'ndiciously loaded win t Facts
he brish, most recent deyelopments ana
ed n ening prospects Of oil as = fneI
II csplts, surprisingly liberal subser,ntion
- Several companies with Iexas