Albuquerque citizen. [volume] (Albuquerque, N.M.) 1907-1909, 1909-02-25
ALBUQUERQUE CENTER
OF FIGHT FOR OIL
BUSINESS
Texas Company Will Open
Distributing Station 20.
Here for Two
Territories.
WILL CUT DOWN
PRICE OF OIL
Active Fight for Business Is to be
Made by Texas Concern.
Headed by John W.
Gates. Mil
liOndire.

Albuquerque as one of the centers |
of the fight between Standard Oil
and the Texas Oil company is the in
teresting disclosure made as a result
of a dispatch carried by the Associat-
ed Press from New York Tuesday, |
which stated that the Texas Oil COM
pany has begun the active fight for
the oil business of the world in COM
petition with Standard. This activity
has resulted from the acquisition by
John w. Gates of an interest in the
Texas Oil com pany and the fight for
business promises to bring down the
oil prices at least temporarily, while
the Texas concern may in time force
the Standard from the position it has
held so long in the oil industry.
The Texas OH company is now
building immense storage tanks south
of the city, between the machine
shops and the stock yards, with a
warehouse and office facilities in con-
nection. Within two hundred yards
OF this location the Continental Oil
company has purchased land along
the railroad tracks for the construc-
tion of tanks. warehouses and offices.
The buildings for the Texas OIL
company are nearly completed and
five large steel tanks each eight feet
in diameter and thirty feet long have
been placed on cement foundations.
Il. L.. Hazelton, the contractor, was
sent here by the Texas concern to do
the work and the plans have been
kept very quiet,
Albuquerque Is to be headquarters
for New Mexico and Arizona and the
distributing station here Will be i'll
charge of a Mr.. Kimball, of FL Paso,
who is expected to arrive here within
two weeks, to open the offices.
The fundations for the new offices,
tanks, etc, of the Continental COM
pany have not Deen started yet, out
II is expected that work will begin on
them without much delay. The SUI
perior Planning mill has the contract
The activity of the Texas company
in bidding for the business In the
southwest, it is believed, will cause a
reduction in the price of oil. AS stat
ed in a press dispatch from New York
the Texas concern plans 10 extend its
business from the southwest to prac-
tically the entire country. Immense
storage tanks are to be built at Bay
market and agencies are to be opened
in nearly every state in the union.
In financial circles the aggressive
policy being pursued by tne Texas
company in the east Is believed to
have been inspired in a large meas
ure by Mr.. Gates whose antipathy to
halfway measures in his operations
made him disturbing factor in Wall
Ill st..... -.
ago.
The Texas company was ncorpor-
atcd in 1902 and has an authorized
capital of sl2,000,000, with $1,000
600 outstanding II Is transporter, re-
finer and distributor of Texas, Okla
homa and Louisiana oil IT has works
at Port Arthur, Dallas and Port
Neches Texas, and an eight-inch pipe
line from Tulsa, okla, to Port Ar
thur.
In the East extensive preparations
are being made by the Texas COM
pany to enlarge its business. A large
tract of land has oeen bought at Bay
onne, y. j. Here several large tanks
are to be built to supply the eastern
market. The site of this plant will
be close To that being established by
the standard.
The Texas company has more than
9 600 900 barrels of steel tankage and
seven miles of pipe line. 1t also owns
and operates tank steamers and tank
cars Its ocean terminals have been
at Philadelphia, Baltimore, Provi-
deuce and Port Arthur. During the
hearing of the dissolution suit against
the Standard oil company the Texas
company was one of those the names
of which We're supplied by the stand
ard TO the government As indeprnd-
ent concerns and the existence of
which tended to disprove tho govern
ments allegation that the OH business
was not an open field