The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1903-02-05
ADVANCE IS MAINTAINED
BUT THERE ARE NO SALES OF OIL
At NEW PRICE.
New Refinery, OF Which Little Has Been
Said Is Now Ready for Business.
Wildestters Spending Money.

beaumont, Texas, February 4.-rhe sd.
vance IN OIL has been maintained today.
though no sales have been made The
brokers simply state that the same prices
are current today as yesterday. The oil
se'lus "a tanks at 5lja cents meaus that
Guy production at the well is netting con
s'ueFaoIy more than 40 cents after taking
away all the possible charges between the
wen and tank. The income OF an average
wen OF 500 barrels per day is therefore
500 and In view OF the fact that If Is the
producer who is getting that figure and
not the octopus or the son OF an octopus
1t is hard TO see just why legislation should
De asitated looking to a reduction in the
price.
There is refinery going steadily ahead
OF which little has been said. In fact, eX-
cept for the bare mention several months
since that the Great Southern Refinery
company had purchased i've OF ten acres
near the Higgins oil aud Fuel compauy's
loading racks on the Santa Fe in the
North End little was known or said The
iost correspondent yesterday met the gen.
llemau VINO is putting Ia the refinery and
ne talked or the matter until he was ad-
Nlsed tnat he was talking to a newspaper
man, when he Immediately became Silent
like the clam. Ii is now ready 10 consume
daily several hundred barrels of oil and
tue concern seems to have ample funds
behind it.
The semi.annual meeting OF the Alameda
Beaumont oil and Storage company has
been held and the a0airs Of the company
gone over. President NJ Kaltenbach, hi.
rector D. ". Martin and Secretary II. NJ.
Hammond, all of Alameda. Cali were In
attendance Mr.. T. w: SHEPHERD Of this
city is the manager Of the company and
1t has been most successful
~
Mr. W, Il. Hawkins and other stockhold-
ers IN the German American oil company
express dissatisfaction at the postponement
20 February - of the hearing Of the re-.
ownership case Mr.. VIII p. oldham was
appointed receiver, his bond placed at SO.
0o0 and no has assumed charge Mr. Haw.
bIns claims that the receivership was
granted before he aud his associates had
been given hearing aud that the time
set is remote There was o regular adver.
tsed trustees sale pending which has.
Of course, been iuterfered with by the 70
ceivcrship a motion To this effect will
bc made and an effort to get Judge Pope
ants
The National OH and Pipe Line company
Is paying through the First National bank
ri this city SAT 800 IN cash This repre-.
sents the interest and 10 per cent of tho
principal 90 their bonds and the amount
was not due until May.
The plan for church on Spindle Top has
taken hold with rush that is most
pleasing to those who arc inclined TO want
Christianity to flourish along with the hill
though the feeling IN that direction, &c
cording TO Rev. !. A. Smart, Is general and
is not confined to the Baptists alone. He
states that the people ss q whole sre sub
scrbing 10 the church and not specially the
and hos had the work In charge
++%
The conts eion for spreading out. is grow
ing and the beauty Of It is that the oil mer
or wild gators" sre spending their money
in eyety direction and not IN any section
JatRst ana Newton counties are receiving
attehtsonlg3fIig Hill 10 the southwest and
|, Port Atthdr to the south are already ir
liShapc '&o'Glve much cncoura cement to thC
sl6iyners Those counties adjoining Nacog
'Fdoches are also being developed. Some oil
men contend that the entire Southeast Tex
as and Southwest Louisiana country vii
he one gigantic oil field before the whole
thing Is finally sfted down. They believe
that the oil is certainly TO be found In al
fnogt pyprv locality