The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1903-02-04
ADVANCE AT BEAUMONT
About Three Cents Added 10 the Price
Of a Barrel Of Oil.
CHURCH FOR SPINDLE TOP
Il VIII Be Erected by the 6aptlsts--5urt
Refinery Said to Hsve a Large
Stock in Reservoirs.

BeaGmooS Texas. February S.-on took
rather sharp advance today and Is now
selling in tanks accessible to railwsys at
51Ss cents, and accessible 10 water pipe
Hines al 5iis to % cents. This is an n.
crease OF approximately 3 cents a barrel,
The advance may be followed up by sim.
liar advances In the NEXT few days, accord
ing TO the ideas OF well-informed brokers
and producers,
II is stated on excellent authority that
the Burt refinery has IN storage now 1.112.-
500 barrels OF Oil OF this 100000 barrels
are located in earthen tanks near their re-
hneries and the rest In steel tanks. There
is not very much doing now in the way OF
earthen tankage construction, as there
seems TO be some Trouble Ia holding the
sides intact.
The Kansas City Southern has doubled its
tank car supply and Is making about double
the amount OF shipments made some three
months ago, The road IL doing practically
all the business that rs done to ST. Louis.
though Il Is said that there is a good deal
Of oil going to that city from the Louisi.
ana nelds by barge.
The Port Arthur well is causing consld-
cradle interest among the Beaumont oil
contingent. The oil men genersly think
that they have oil there and that tho only
question is whether it is In paying ouantl'
ties or not
The contract viii be awarded tomorrow OF
next day for the erection OF a church build.
ing on Spindle Top Heights The house OF
worship is to be paid for by the Baptlsts
Oh the hill, and VIII cost about 5000 that
amount OF money having already been sub
soribed Spindle Top is certainly settling
down TO u genuine business basis, and that
It Is doing so ls having a good effect on
the hill generally. The talk about the d.
minished supply OF oil In the wells has not
affected the material interests OF the hill,
though It has placed damper on tho sale
OF worthless stocks. There ls no question
but what many OF the Spindle Top wells
will be paying pumping propositions In
The following changes have occurred IN
the management OF the j. NJ, Gutey Petro-
leum company's Beaumont and Port Arthur
offices within the past elk months; Vice
President j c. Mcdowell has been cue
oeeded by W. l.. Mellon, with George l..
Craig as assistant vice president and gen
eral manager; W. y, Grlniths, superln'
tendent land. lease and claim departments,
has been succeeded by l.. NJ, Hoge; Juhu
hHs been succeeded by j. c. McCue. j W.
Jolly, superintendent Of pipe line depart.
ment has been succeeded by NJ. j.
O'Laughlin; d. Robertson, assistant treas
urer Port Arthur Offices has been stc.
ceeded by, It IS stated, II. A. BrOomhcld
Mr.. q, w. Haggerty who until recently
has been in the land department, leaves 10.
morrow for his former home at Pttsburg
Pa
~
In the suit Of William H. Hawkins ct a
VS.. German. American OIL Company ct al
asking for the appointment Of receiver
Judge Pope yesterday afternoon appointed
Mr., VIII p. Oldham receiver The cast
viii come up for hearing February % al
8 O'Clock.