The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1903-01-02


In recent II tcrvle In tho OIL City De-
rick. Mr.. j. S. Cullinan, the well known
Gil man, who was for such a long dime
with the Standard OH Company was re-
ported as having said that there were IN
storage on December /, 1902, In jefferson
county. 100000 barrels Of oil The
most Of the oil people here think this must
have been mlsprint, though Mr.. Cull.nan
himself has not been seen recently This
amount appears considerably too large, aud
the most Of the oil people think that 10
OOO,000 barrels Will cover II easily, though
under present conditions ard the report of
shipments as taken above from the Enter
prise would lead one 20 believe that the
amount could easily vary one way o. the
other by millions. Mr.. Culllnan undouhtcd
IN knows just how much oil there Is here
hut 1t Is q question whether he was quoted
correctly. In addition to the reports -
oil IN storage, there Is also to be considered
the amount wasted hy the Lucas gusher,
and also by the gushcr exhibitions that
were once so frequent. The ngurc Is
placed at 100000 barrels This would
give total production for Spindle Top
since its discovery, January 10, 1901. ~
2S 100000 barrels though 30O00,0O0 IS
probably the figure In round numbers The
1ctual production Of oil in 1902 win VASTLY
exceed the production Of 1901. noiwith-
standing that II was In the latter year
thar the cushers practically disappeared
and are not now the rule, hut the exccp-
tion,
In the city today were assembled Messrs.
f. j. Marshall, w. T. Campbell, Rod Oliver,
Judge Masterson and others, well known 10
connenctlon with the Hogg -Swayne eyndi-
cate They have held one or two meetings
today, though what was done is OF course
problcmatlcal.
There Is nothing new in the price situa-
tion. on is today selling in large lots; that
Is, 100000 barrels or over, ut so cents the
price by tho way, that was guessed at or
prophesed on December / or Whereabouts.
One broker made the claim that he could
buy oil at AZ cents in tanks but the fellow
who is selling Mt that rntc is 10 his own
light according 10 the Ideas OF the other
oil people. The Higgins Oil and Fuel com
pany is authority for the statement that
they are filling contracts at A. cents, while
they are getting ~ cents for oil (. o. b. the
cars. Certain 1t Is that the Beaumont field
Is the strangest Of any anywhere There
is no certain way TO get at prices Ike there
is In other oil fields But then this merely
goes to show that the STANDARD, while pos
sibly holding large interests, Is not neces-
sarily In full control.
~
The heavy rains Of last night and their
continuation today is expected to place n
handicap on the movements of the contrac-
tors as IN new wells Int they viii simply
be ready "a start in with the moment the
sun gets IN Its work.
Mr.. c, II Jones. who has up to last night
been with the Moore Skinner company in
the capacity Of bookkeeper, went with the
German-American this morning in a similar
capacity. II has not been given out vet who
win succeed him with the Moore Skinner
company.
~
The Haywood oil company is drilling two
new wells on Spindle Top and expects one
Of them to be brought IN within the next
four or eve days This company has also
let contract to Contractor Johnnie s.
Wynn for the drilling Of well oD its Sour
Lake holdings
Mr.. j. NJ. Park Of Yinton, La. brother Of
Mr.. Sam Park Of this city, spent yesterday
and today IN Beaumont lie Is the manager
Of the Industrial Lumber companys plant
at yinton. Mr.. Park reports that there
have been two rigs drilling wells at Vinton
up to right recently, but that one Of them
Is temporarily shut down on account of
break I'm the machinery. He thinks the
chances for the discovery Of oil al Finton
are decidedly good,