The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-07-25
OIL SHIPMENTS FALL OFF
Lack of Motive Power and Tank
Cars the Cause.
A RUMOR COMES FROM BIG HILL
10 the Effect that Something 10 Doing
at the We'll There, but Nothing
Definite Is Known.

VI tne Neatch survey has been taken out
OF the litigation by reason of the various
compromises perfected and brought about.
put there are still good many concerns
interested in it and of these the Gladys
Slty OH, Gas and Manufacturing company
anu me j. NJ Gufey Petroleum company
mr. tue most noticeable. These two con
Germs are Jointly interested In n very large
measure III the producing territory of tho
aeatce survey and they are hghtIng the
case through So far there have been no
surprises met with at the present trial
IN sherman. II was hardly to he expected
tnat Judge Bryant, after having granted
the Injunction to begin with would have
ruled at this time that he had no iuris-
oietion The main point In the case Is
whether or not Receiver Taiiaferro shall be
made absolute and shall take charge of
these companies affairs just as n receiver
would wnen concern is going through
llquidation. OF course none OF the oil
companies want that and II would certainly
ne temporary victory for the SNOW III
terests
E. A. Prescott has entered punishment
proceedings against the Beatty oil com
pany, the Missouri. Kansas and Texas oil
company and the Higgins oil and Fuel
company. asking that they be made TO show
their stock hooks and to prohibit The trans
fer Of any stocks IN these concerns from
L. j. Polk ct al 1t is alleged chat the
plaintiff, Prescott. has at former time
secured Il Judgment for $1,000 against the
said Polk ct al and that he. the plaintiff.
has reason to believe that the garnishees
have issued stock to the defendants against
whom he holds the Judgment and It is to
obtain possession Of this stock that he runs
the garnishmcnt
The Union oil Refining and Fuel com.
panv have Just closed $4,000 contract
with the Texas Construction company for
the erection of sevc0 OF their refinery build.
inCs These hui Ss>Es are to be erected
in the south end ut once and It is the
intention OF the company to begin opera
tions by October / II possible The COM
pany Is instructed to spare no expense
to get men and material on the ground
and begin the work, The Union people
also closed contract with the Manhattan
OIL company for 100000 barrels Of oil at
the rate Of 1000 barrels per day and at
n price that was considerably above what
the average has been for some time past.
This is to start on October 10. which leaves
the impression TINT the nlant will he ready
ny then. The company also contracted Win
Albert Smell for two artcsian wat-r wells
that are to he drilled Immediately for thc
purpose OF furnishing a water supply TO
generate steam Mr., Steiner. the manager
OF the refinery stated to The Post CORE
spondent this afternoon that he expects the
company to he among the first to send
refined oil to the interior. notwithstanding
the building Of the plant Is JUST now com
mencing.
Secretary Childress is already looking
into his new duties as assistant cashier
of tho Citizens National bank, but will
continue TO look after the oil exchange,
with the assistance that Will be given
him.
The Drummers oil company is placing in
position a walking beam rig to handle the
product of the well. They state that the
demand is growing with them all the time
and that they are Arm believers that the
price 10 not yet where IL should be.
~
General ]. W. Strayer. president, and
E. D. M!ddekauff, vice president both Of
the National oil and Development COM
pany of New York. arc in the city today
aud will return home tonight. They state
that they are wen pleased with the out.
wonderful field in America.
~
Scott Haywood and Holland s. Reayis
are spending few days In the Anse lie
Butte La territory looking into the re-
ports Of the now we'll that has come In
there. Tho Hcywoods own a considerable
interest in that field also.
Dewey Haywood has gone to st. Louis
IN the interest OF MS OH producing luSlltu"
tlons, He stopped at sherman.
~ y
Oil shipments are still showing the fall
ing of that was noted few days since.
The producers are accounting for this in
the fact that the recent strike In the
Southern Pacific shops has been the means
Of Gripping great many engines aud
the oil tank cars can not be returned here
as promptly as they were prior TO that
time There is no doubt but that this
curtailed the shipments by at least sixty
10 eighty cars per day and the oil com
panies viii feel II for more than week
longer, fol It will not be an easy task to
get the engines In good shape and the
, cars returned under that length of time
In the meantime the big vessels that were
! expected in to load out of Port Arthur
and Sabine Pass are not showing up Us
well was expected The harges and
coastw!se craft are moving regularly and
are keeping up steady increase In the
volume of that character of business. but
It is not sufficiently large TO help mat.
tiers.
rumor came in from Big Hill this even,
ing that they had struck something" but
n the information is of such a vague nature
as TO give but little excitement or does n
= meet with an acceptance on every corner
+ as such rumors did once upon time.
e ~
e The Hooks we'll at Saratoga is down 1856
k feet, and II is said that they are thinking
h of giving up their further search and drop
i ping back to the 20oo-barrel proposition nj
c 500 feet Such a well would be a mighty
r. good one nowadays
] Mr. F. C. Murphy has his hands full ii
. preparing for the TWO walking beam outfit.
I of the Alamo Oil company, which are being
/ placed under his supervision.
The wet weather has caused some delay
+ in the building of the pipe line by the Guf
: few company to Spindle Top from Sour
. Lake. but with few days dry weather II
i shouid be completed and In running order.
49,
The exchange came around in better form
I today with the following sales.
I Higgins, share at S5S.
! National, 500 shares at 21c.
4 Manhattan, 800 shares at 30hc.
+, Anglo, 5000 shares at 3hc
Continental $3.50 shares at 10c
Dividend 16.0O0 shares nj 1c.
J. Dividend 1900 shares at lie.
Dividend $500 shares at 1c.
faf.llo,d oClO ghnraa IL.