The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-08-02
THE VALUE OF THE OIL.
shipments During July Were Behind
Those for Previous Month
BUT THERE WAS MORE MONEY IN THEM
ne Price Received for the Smaller
ABOUT Twenty Thousand in Excess
OF the June Price.

Beaumont, Texas, August 1.-Julv has
passed into history SO far as snIndie Ton
goes and for the first time the neIa has
dropped back a notch on SHIPMENTS The
June shipments went to $500 cars NEARLY
n, . barrelS of OIL while July shows
GOO cars and l,oS6.ooo barrels. There are
many causes for this. In the FIRST place the
laii shipments dropped to half what they
were IN June on account OF the Southern
iaelnc and the Santa Fe strikes. These
strlkes prevented the free movement OF
cars and consequently shipments were cut
u'"n' But there Is a pleasant feature about
II, anyhow, The price received for the
liooo'oco barrels Is In excess Of the price
received for the 1,4S6.ooo and will run
~ aOst 70 S<o'VyO above II, This is accounted
eor E me advances that came during the
raaH part OF July and made prompt ship
nignts feature and also added to the
PiiGie where the shipper could make the
The water shipments were of on ac-
count OF the failure Of the big foreign yes
sels 20 get back in time for n cargo 10 no
, Ia, the past month. This should be made
up LOT With the August business. though
mere VIII be little chance for even August
10 equal the June volume though II wifi
crease T 1Su in n run up to Il IN value The In
eHan any other one thing, in the opinion
Of well posted oil men, tho growing value
world
dHu 10 tue consumers Of fuel oil.
~
The car situation is growing more inter.
esting every day. Some weeks ago The
Post mentioned the fact that the Southern
Pacific had connscated the cars of private
concerns who were not using their cars,
but were simply letting them stand idle
on the tracks Of The railroad company
This was evidently done without objection.
but 1t seems that one Of the yardmen here
made mistake and few days since took
some cars belonging to q concern that pro
posed using Its equipment. and the result
company. the Cattlemen's Consolidated oil
company and the Alamo City on company
has filed suit for the possession of three
the southern Pacific
Another peculiar case is one in which
me agent Of an, oil company told the agent
have him arrested II he, the railway agent
took any of the oil companv's cars and
the result has been telegraphIc instructions
to the railway agent not TO take the oil
mans cars.
Mr.. G. p Mackey, the cashier IT the
GuGey Petroleum company. will leave to-
morrow for Cleveland, Pttsburg and New
York for a three weeks stay. and when
he returns it will be to embark In bust
ness for himself as a contractors and
manufacturers agent Mr. Mackey has
pie here and he was the newspaper mans
friend from the start
~
Messls Hamil Bros. Forney today
Hled suit against r. L. Cox & Co for al
legged failure to comply with contract. The
petition rectes that on February /, 1902
they entered into contract with r.. L.
Cox & Co. for the boring of oil wells for
the sum OF 5000. that they have bored
and completed two wells according to the
terms of the contract: that ~ contract
price Of the making of the wells Is now
past due. and wholly unpaid that plain
tins have demanded Of defendants the sum
of $4,000 for the performance of the con
tract: that defendants have failed and re-
fused 10 pay the $4,000 to plaintiffs dam
age in the sum Of $1,000
Plaintiffs pray for Judgment for the debt
and damages and foreclosure of lien
49,
The Moore.skinner syndicate expect TO
get their air compressor plant started to-
morrow at noon 1t will be capable Of
handling the output of dozen wells, and
while this number Will not be taken care
of from the fact that the syndicate only
expects TO run the eight In which II Is
interested. yet they will he in position
"a help out their friends should they at
wells may require It they expect to in
stall steam head pumping rigs.
49,
Mr. c. x. McFaddln evidently believes
that the Saratoga oil is worth great deal
of money He is said to have Informed Mr.
w z Rrce, who is largely Interested at
Saratoga. that the Saratoga oil has much
the same appearance TO him and he be
lieyes that II Is Of The same value as Oil
that his syndicate obtains In one section In
barrel at the well for, Mr.. AlcFaddin
thinks that Saratoga oil viii bring that
figure, and he Is urging anon Mr. Brlce
that he have 4 big lot of 1t refined at once
when he can obtain definite Information
as 10 Its value.
There seems TO be absolutely no doubt
hut that the visit OF Mr. Kruttschnitt here
Yesterday was to consult with Mr., Tread
well and to enter into contracts with him
and through him for oil for the company
MS was mentioned In this mornics's Post
lust what the plans are or what the cont
tracts are is NOT definitely known but
viii probably he made public in the next
few days.
The oil exchange call this morning was
net near so lively as was expected on yes
terday and about the only fierce bidding
was on Gober stock. and 1000 shares
nassed through the transactions at cents
The following is the list Of stocks sold
and the amounts:
Gold Eagle 1000 shares at Toe.
Dividend, 10000 shares. at lc.
Gober, 1000 shares, at &c.