The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1903-02-11
A FIGHT FOR CONTROL
VI the National Oil and Pipe Line
Company Said 10 Be Ga.
THERE HAS BEEN A RAPID ADVANCE
In the Price Of The Stock in the last DAY
or T"e--Retineries suro to
Make Money

Beaumont Texas, February lo.-Mr. Rob.
ert steiner the chemist in charge OF the
Union OIL Fuel and Refining company.
stated to The Post correspondent that
taough their plant will hardly get to run.
ming regularly before March l. they have
practically all their output sold. He saws
taat the people refining oil are apparently
surprised at the continuous demand aud
heavy prices realized, and that he has not
the slightest doubt but that every refinery
constructed here will earn much more
money than will the oil producers them.
selves on similar Investments. There is
out one trouble about the refinery PROPOSE.
uon' and that is that 1t requires a consider.
able amount Of time to get ready for them
ana construct the buildings and place ma.
chinery Otherwise there Is no doubt hut
that the whole Of the county would be
dotted with them and they would all be
prosperous.
Beaumonts hrst war for control is an.
parently on and the hght has grown IN.
teresting This may be merely rumor
but that is what is presumed to be causing
the rapid rise in National oil AMI Pipe Line
stock, About three days ago big block
Of this stock Is reputed to have sold at 81
cents per share. Today there is rand
cross-dring aud the offers are being made
for the stock on basis Of Is cents. Rumur
has It that the whole situation is one IN
which the Moore interests on one side and
the Henry interests on the other are seek
ing control Of the property. It Is a well
known fact that the company is in a most
prosperous condition, and, 81 course. tnat
cause could pc assigned for the rapid rise.
II will be remembered that only few days
since The Post announced that the com
pany was paving of 10 per cent Of the
principal aud the interest on Its bonds,
and that II Is paying this now instead Of
waiting until May /, the regular due date
This alone was a sufficient evidence that
/ the company was in good shape
~
I The Acme Sucker Rod company Of TO.
ledo, Of which there is a branch IN this
/ city has changed Its name to the ). NJ.
/ Jones company.
It has not been given ont officially, but
IT has been rumored that the Burt Re
fnery company has its weather eye on the
/ Welsh CLa) field, and that II will build a
/ pipe line from Beaumont to Welsh as soon
as the output Of the field will Justify the
outlay Of capital necessary to do so. Beau
mont is right in the hot-bed Of the oil IN
dustry, and everything looks very encouras-
ing for greater advancement this year than
was made last year
Judge Pope Of the district court Is this
afternoon hearing the final arguments on
the application for receiver in the Jennie
Halliburton case
A suit was died this afternoon in the dis
trlct court by ". T, Cleveland against f.
Compromise was reached yesterday
afternoon in the suit Of o. NJ Stone ct al
VS.. Garrlck oil company. It was case , IN
and for an injunction TO restrain J X,
Garrick from expending $500 10 testing
the Garrick tract near Spindle Top lhe
terms of the compromise were tnat le MI
10 desist from expending that amount, ou'
was to use $1,000 to test the Wen aiIead!
drilled at a stratum about 100 ne Il
TO be given plenty Of time, ana II ne ta rs
the case will then be tried 10 see II tut
receiver shall be appointed
~
There Is continued evidence of the return
n solid oil of several wells on Spindle Top
In fact. as stated In The Post this morn
ing, It looks as If the return is general nn'
that the salt water is subsiding as 1t
being pumped out. just as a good many
the oil people predicted some Ilue, S SUI,
4 number Of them have claimed all alonl
tbat the salt water was merely wac
nI,noned In by the drillers and that M
contact If the water with acids oeioW va ov
it the taste and appearance OF san IN
Among the wells reported TO-DAY are III ~,
Tattlemen's and Darbyshre. Ihese WEI,
are doing today at the rate OF eVy min In
. in twenty.four hours where they dlu A"'i
ing yesterday
j Mr.. G. r. Flanagan, who has been cios'
: l., idontieed with the oil fields all throug
] tbis mart of the country, states that Cd
activity in his especial line the oui'o'.
~ rigs IS growing in volume uaii9'
nresent he has under contract seven TICS
l. i louisiana. five in Hardin county Just apo1
s here and tweuty.three on splhu!e r no.,
: OF the spindle Top Iiss te ave- a. ~ he use
for humping outfits. Toe Loulflana q"
Hardin county rigs are all for ne" "e'e'
~
Ntessrs. Fred l. Getty Of Chicago re
man of Bloomington, H., and Dr. wan.
of Chicago have recently arrived III -
= o,+r and have become interested WIN y
II ,far,cal and the Savage brothers, me IA
4 tar have already been operating eAItsuusti ~ y.
s in the Louisiana and Texas heius, Ul ,, ~ vi
e gentlemen are goiug in WIN a, cagm and ma
add new money TO tue ~ uN'V
5 ters will be pushed.
e ono If the most peculiar losses yer uo''
no. been encountered by Harry De'Ae
Il ua went East recently and "nen ne
7; .1.,,,d dey or two since ne found ulS e
u INA whole rig missing from tnS -
It nmard Well. He has been unsole - 'O~'
- it so far.