The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-07-31
Many Beaumonters Look for Forty
or Fifty Cents.
FACTS ON WHICH OPINIONS ARE BASED
New Gusher in Gladys city--erice Sara.
toea We'll Is Said to Be Still
Flowing.

WITHIN sixty days. The gentlemen whom
Inc Post correspondent heard were men
Oh means and have today stored above
ground many thousands of barrels OF oil
ana they propose to keep II until it goes
up They say that oil is worth much
more than is being realized for 1t and they
are going to get its value or hold their oil
Mf, Dunlop, the government agent here
10 ia in close touch with all the oil people
anu .uu ne seems to think, after putting an
tue information he has together, that there
WIN De a very marked Increase in prices
MlInlin that time. He also states that he
DOUBTS very much If there has been any
increase IN the amount of oil In storage
aoove ground within the last sixty davs
a report purporting to have come from nim
was sent out on June ! by certain papers.
Dut was not correct. He says that the to.
tals VIII vary from that report probably
million barrels altogether, but that there
is decrease now. He was explicit. how
ever, IN saying that he had not measured
the tanks for sixty days and that this was
merely an estimate from the knowledge he
possessed. He also stated that the com.
pIele9 tankage for the past sixty days
would hardly run TO 1,0oo,O0o barrels alto.
gether. He is led to believe from this
that the oil is certain to 20 up, but he has
further reason The demand, in his opin-
Ion. viii be heaviest for August and Sen.
temoer because the sugar people will get
Down to business aud the other plants that
nave oeen consuming oil all along will take
lust as much as ever. In addition to that
the re6neries will be consuming more oil
! ana they will tend TO raise the price by
this consumption. Mr. Dunlop says that he
does not believe any one knows the length
| OF time the oil will be produced In Its
present large quantities and that the old
! oil men say that Spindle Top is a most
mysterious proposition.
~
The Nickle Plate oil company today
shipped to st. Louis by express a unique
and attractive sample case. 1t was full
of bottles of Beaumont oil as refined at
| the plants of the Gulf Refining company
| at Port Arthur 1t is going to the ST.
| Louis brokers of the Nicke Plate Oil com.
! pany together with some good samples
1 of asphalt produced at the same place.
! In the lot of bottles can be found ben.
! zine, keroSine, gasoline, engine oil, cylinder
! oil high grade machine oil and the regu-
! lar old crude and each grade seems to be
! OF the very best of its kind. The sam
! pies will be displayed at the grocers' car
! nival to be held IN st, Louis some time
soon. There vii! be a regular cabinet
made for the display and it should attract
great deal of attention.
49,
Much interest is shown here IN new
gas light now being exhibited at The
Oaks which furnishes much more bril-
liant light than the incandescent electric.
Wonderful merit is claimed for this inven.
| tion as placing perfect and inexpensive
| gas Hight within reach of the small towns
and villages. Jhe new illuminant is a hydro
/ carbon gas, inodOrous In use, and utilities
/ q product Of Beaumont oil IN It's prodnc-
tion. 1t has heen very appropriately named
the Texas light" A strong local com
pany Is being formed TO operate the system
| throughout the State, and over half the
stock is already subscribed by prominent
| Beaumont capitalists.
~
Parties returning from Spindle Top late
this evening report a fierce gas, mud and
oil blowout on block % of the Gladys City
tract under lease to the Guffey people. II
began at o'clock IN the afternoon and al
8, when the last reports came, It was still
blowing and threw oil. mud and gas con
slderably above the derrick. The location
of the well Is about half way between the
National property and the well known al
the Smith well. 1t is on the northeastern
edge Of the hill
Messrs. Cotton, Miller and Yates have .
new grsher on block 81, Gladys City. Il
was brought In by Contractor A. w
I.uckey, who is also partly Interested II
| the o Hrership Of the we'll II is flowing {
; good strong stream OF oil
~
The Moore Skinner syndicate. under th'
management of Mr. NJ. j skinner, IS In
stalling an air compressor plant and Mr.
SINNERS idea Is that this sort Of an mp
paratus will do the work with all the we'll
J IN which they are interested, and the mum
, Der runs to six or eignt Mr.. Skinne
stated that they will be ready to install
either we'll as It comes IN with steam
head, but that 30 far as their welis ar
I ttalr . hA n
vet been reached. In justification of thi
idea he stated that only Yesterday the;
opened up the we'll of the Enterprise %
company. which has been idle now for tw
weeks and that II flowed stream Wit
great force throwing the oil about ninet
2 feet at right angles until 1t was cnt on
He saws that the well was not assisted D.
any artificial means.
Tho Penman Steel and Iron Tank work
will blow the big steam whistle for tn
FIRST time on Monday, August IL, II ther
, he no mishap, and they expect nothing @
that kind now. They have been stead!
t Mt work on their big plant for five month
a now and the machinery is now all en- rout
4 here from Chicago and the other points
= the East where the new machinery wa
purchased. Their orders are crowdln
them badly. To-day kilograms CANE 1ro ~
icials and also from the lnternatlonai an
II Great Northern people. all complaihlinl
a about the delays and asking when me shil
nents could be expected They VIII 90 tn
i rcrv hest they can and do not anticlpal
! much delay when they are once stafte
e here. A
l. The Union OH Refining ana Fuel compar
r TO-DAY began the work Of clearing up !
site FOR the new refinery. II has SZl'o
!. Contract for buildings alone.
o lanes ". swayne returned this mornii
:. from Fort Worth. 80
n n Rod Oliver came in from Houston tn
Il morning.
y Hon. James L. Autry, the STANDARD
IS tornev at Corsicana, came in this mornin
y. Charlie Moore. the Galveston oil! ma
II came in this morning. - h,,.r
. II D. Hughes, who mas peeh ouss r.
spindle Top for some time, went 70 u
Artbrr We'll. secretary OF the Dehvt
Resnn,ont oil Tank and Pipe Line eompan
has snent the last two days IN beaumon'
D. ~
u 4rha Br4ce Saratoga well was reported
n sim aowlng this morning at the 'ooto
re - 1-ho 1val will be carried on 10