The sun., 1919-04-04
!ROYAL DUTCH GETS
| MEXICAN EAGLE OIL
Negotiations for Purchase Of
Big Cowdray Company Are
Completed.
HAS VALUABLE HOLDINGS
Reported British Government
Plans Ministry to Handle
Big Combine.

Negotiations for taking over the Mex |
lean Eagle Oil Company by the Royal
Dutch Petroleum interests, said to be
under way several weeks ago. have been
brought TO a successful conclusion. ac-
cording to advices RECEIVED yesterday
from London. As a result the Royal
Dutch company has become the owner
OF one of the most important OF the
Lord Cowdray oil group and OF one
of the large oil concerns Of the world.
III many quarters this IL believed to be
a step in the direction OF Governmental
oil production by the British. following
as 1t does predictions Of a few weeks
ago that a tremendous Government sub
sidiary being planned had as one Of
It's principal features the combination
of big oil groups, including Royal Dutch,
the Shell and Mexican Eagle. not TO
mention others.
| The stories were to the effect that
the British Government plans the for
nation of an oil ministry TO handle the
affairs Of the big combine, after which
the other details Of the big subsidy
hio " pS WoIhc Oub ~ was uoSAoA VI
recently in dispatches from London
that the British Government was known
to have been purchasing holdings OF
British citizens in tho Royal Dutch COM
pany. the ownership of which was then
said to be so per cent Dutch and 40
per cent British.
Tho Mexican Eagle. which Royal
Dutch Is declared to have purchased. Ii
among the headliners in the oil feld.
During the fiscal year ended on June
80, 1918, Mexico Eagle earned approx
mately $40. 900 In United States coin.
Owns Valuable Fields.
Some of the best oil producing prop
critics in Mexico are owned outright or
controlled by Mexican Eagle and It ex-
ports 1,000, 900 barrels OF oil monthly
from that country. 1t owns 1870 miles
OF pipe lines and a steel tank capacity
of 5.OOo.00 barrels for the storage OF
. OIL Its products are marketed by the
nglo-Mexican Petroleum Company. 1t
| owns also half OF the outstanding ordi-
! nary shares Of the Eagle Oil Transport
, Company. which Is the transportation
, agent for all Of the Lord Cowdray in
= an aggregate tonnage of moro than ZOO
= 600 tons.
Although interests in New York closely
allied with the Royal Dutch manage
ment are said to be unaware OF the
closing Of negotiations, II is believed
that the poor cable service may be re-
sponsible for that condition. Under the
negotiations as originally reported,
$500 900 shares OF Mexican Eagle stock
were to be acquired by Royal. Dutch
and the Shell Transport Company in
. respective amounts of so per cent. and
40 per cent. These shares were to be
purchased at $50. according 10 report,
the whole transaction representing $751;
900 900
Interlocking directorates give the
, Royal Dutch-Shell combination a com
manding place in such companies as
n the Burmah Oil Company and tho Anglo
= Persian OIL Company. The British Gov
!, eminent Is the largest stakeholder In
J. the last named company. while The
n Anglo Saxon Petroleum Company. an
= important subsidiary of the Royal
+; Dutch Shell interests has a selling con-
/ tract with the Anglo Persian company
n which brings all of the interests very
close togethoE
British Government Wants More
1t is generally accepted In Londor
that the British Government is not alto.
!, Gether satisfied with Its 40 per cent in
q terest In the Royal Dutch and would
p like to have a more important financia
!
u ment. II Is said. Is seconded by the mos
y important Dutch stockholders, who fee
n that they would enjoy added safety foi
). their investment II the financial ant
y military power of the Imperial Govern
ment was back of their enterprise.
The Pearson oil interests that is tn,
u Lord Cowdray companies. are perhaps
o the most powerful OF all British com
lpanles Being first of all pioneers ant
q of xx-ild tha,
. were compelled by force OF crcum
- stances to enter the refining, transport
=. ing and marketing fields. Recent re
II ports have been that the Pearson in
a terests were DESTROYS OF getting out O
:; the business, and well informed persons
y n view OF the Governments petroleum
. policy. look TO It as logical purchaser.
- The Cowdray interests include impor
tant holdings In Mexico, where they hav
!, developed a large producing field an
!" brought 1t to a high state OF efficiency
including possession of the necessary re
fineries and ships for the manufactur
II and transportation OF their products
a. They have also concessions which Civ
N them the oil control OF Trinidad and tn
10 best part of Algeria. while the wildcat
N ting going on in England under thei
lie direction for the Government will Civ
le them a commanding place In the Births
" Isles, II oil is discovered here. The
II have always employed American geolc
10 gists and drilers In their operations. an
have taken advantage OF the experienc
gained by Americans from the earl
days OF the oil discoveries In Pennsy
vania. Even now the operations in Ems
Il. land are being largely carried on
v. Americans.
Z: SELL SHOE COMPANY ISSUE.