Los Angeles herald., 1910-11-17

agency and at the same time bringing
into local peoples hands large sums
derived from the output. rms tacI
was again emphasized yesterday when
the directors of the Huasteca Petro-
leum company and the Mexican Pc
troleum company decided to declare
regular dividends. On the Mexican
Petroleum Limited the dividend will be
paid every quarter, amounting to ;!
a share. The Huasteca dividend Will
be one cent a share month.
These two dividends will make
very large total - earnings. The reg
uiar monthly dividend of the Huasteca
will aggregate $120,000 and the quar-
terly dividend of the Mexican Petro-
leum limited will amount to $29O'OUo.
The Huasteca Petroleum company Is
considered the cream Of all the Doheny
properties in Mexico and America and
of it Mr.. Doheny Is most proud. lie
saws that one of the wells on this
property has a production of between
$4,000 and 10000 barrels day. Thls
well is only partly open and shows
pressure of $50 pounds. This is the ca
pacity of the Tampico pipe line Ihe
production is only interrupted When
the storage facilities at Tampico and
the capacity Of the Mexican National
railway to move oil have been exhaust
along the pipe line.
DEVELOPMENTS UNDER WAY
Developments now under way by the
Doheny Mexican companies represent
an expenditure Of 100000. These de-
velopments include steel storage, rein
forced concrete storage and the COM
pletion of the pipe line from Tampico
to Cera Azul. The pipe for this line
is now on the ground, the distance to
complete the line being about twenty
five miles. This line is now open be-
tween Casiano and Tampico.
The quarterly dividend of the MeXl-
can Petroleum limited will be paid on
stock on record December 81. This Will
he for the last quarter of 1910, and the
dividend will be distributed as soon as
possible, probably very early in Janu-
ary, 1911.
The Huasteca Petroleum company
sold in October 330,333 barrels Of oil,
bringing $3.50, ,4S1.65, Mexican currency.
The chief purchasers were the Mexican
National railway and the Waters
Pierce Oil company, although the Hu-
asteca has contracts with four other
large consumers.
The Mexican Petroleum produced
and sold during October 215733 barrels
of oil, which brought $205, 7O8.60. Mex
ican currency. The two companies have
691, ,527 barrels in storage.
DoHENY HOLDINGS
The Huasteca company has bought
in Ell Paso 100 teams Of the finest
mules procurable, which will be used
with 300 other teams owned by the
company in excavating for an addi-
tion Of twenty-five miles to the COM
pany's pipeline, now seventy-six miles
in length. The pipe for this extension
is on the ground.
When additional sixty Oil tank cars,
just bought by the company, reach
Tampico, $50 Of these cars, including
480 owned by the Mexican National
railways, will be used for transporting
oil produced by the Huasteca and Mex
ican Petroleum companies. These cars
have a capacity of 12,300 barrels each.
Three special engines are used sole
1y for hauling oil trains from Tam
plco, each engine carrying out sixty
to eighty cars daily.
The Mexican Asphalt Paving and
Construction company, also a Doheny
organization. is operating its large
plant at Ebano to its full capacity,
this being one Of the largest plants
of the kind in the world.
The Mexican National Gas company,
of which Mr.. Doheny is president, is
extending its service in the City OF
Mexico as rapidly as possible, six gangs
of men being employed continuously in
laying pipe.
The plant, which is one of the most
complete in America, is using 200 bar
rels of oil daily, and the amount will
be greatly increased as the system is
extended.
The Mexican enterprises of which
Mr.. Doheny is the head represent in
land holdings and improvements an
aggregate investment of $29, 100000 OF
this amount $5,000,000 stands for i'm
provements.
The properties, which were all visited
in the course Of a recent "trip of inspec-
ton by Mr.. Doheny, included the gas
plant of the Mexican National Gas
company at the City Of Mexico, anC
the paving plants of the Mexican AS
phalt Paving and Construction COM
pany at the City of Mexico, Guadala-
jara, Pueblo, Chihuahua and Tampico
Other similar plants have been ar
ranged for at Monterey, Durango and
Morelia.
PROPERTY INSPECTED
The oil producing properties that
were inspected were those of the Mexi-
can Petroleum company of California
at Ebano, the Huasteca Petroleum
company, the Tamoahua Petroleum
company anu the IuApdn petroleum
company, all situated in that region
bordering on the Gulf of Mexico
known as Huasteca Vera Cruzana.
Referring to the public utility under
takings that he is directing in Mexico
Mr.. Doheny said:
"Our gas plant at the City of Mexico
is one Of the finest and most up -to-date
establishments of its kind to be founc
anywhere, and the lighting and fue
gas that we are supplying is meeting
with gratifying appreciation. We shall
eventually supply not only the City OF
Mexico but many suburbs that cluster
around it. Manager Ross says that
the actual sales will ultimately reach
5000, 900 cubic feet daily. The capacity
of our present plant, however, is l.
$4,000 cubic feet daily, so you can see
exactly how much we shah have Ia
expand to meet the market for light
ing and fuel gas. The City of Mexico
is having a steady growth and we aim
to keep abreast of II.
"Carl Leonardt, who may be trusted
to have a discriminating eye for archi-
tctural effects was greatly impressed
by the Transformation effected by the
asphalt paving in Pueblo and other
ancient Mexican cities. Pueblo and
Guadalajara, in particular, are interest
ing because of their attractive archi-
lecture dating back to the days OF
virile old Spain. Architectural beauties
which the average tourist does not
know exist in Mexico have been made
accessible by the asDhalted streets,