Deming graphic. (Deming, N.M.) 1903-1948, 1919-04-01
into NEW PECOS FIELD.
Deming Men In Company 10 Develop
Holdings In Heart Of ''Sur-
shine" Tracts
Two New OIL Exchanges Spring Up III
Deming-Iiaeing 10 the Myndus
Field

w. ID. Murray OF Silver City, j. @
Cooper and Walter Birchfleld OF Dem.
Ing aud y. W johnson OF Pecos, Texas,
have organized new oil company with
the object of putting down n well In the
new Pecos field. The name Of the new
concern is the Pecos Cooperative Lot
Owner Company. or the incorporators
the first three named ARE well known 10
everyone Ia Dcning. The fourth, Mr..
Johnson. ls president OF the Pecos Val
ley State Bank. ut Pecos.
The new company. as Its name infers.
offers lot buying proposition, no stock
being offered for sale as no stock IL
issued. The incorpOrat0rs bought n
section of land two miles south OF Pc
cos. well within the territory being COW
cred with leases by the Sunshine com
pany, and has parceled the land into
900 JOx1O0fL lots, with u strip 10 feet
wide running through the center. on
which the well will be put down as
soon as n given number OF lots are sold.
The lots ARE priced at 800 each.
j. q. Cooper put the lots ON sale here
yesterday and within short time had
closed several sales. He believes that
II Is only u question Of days until the
entire section IL sold, by which time
drill will be In operation.
Two new oil exchanges have opene<,
In Deming In the past week, making a
total OF four One Of the newcomers
In on Pine street. The other. mana ged
by Arthur Ruddell. has not yet opened
an office but IL doing business and ex.
poets 20 open an office In the business
section within the next few days.
According to the I'll Paso Times oil
expert-contributOr three drills now In
the Ranger fields are racing with each
other TO finish up their job there and
be the ffs, In the Deming field. One
Of these Is California company, which
has holdings around Myndus and MI
esSe.
The United tates on & Refining
Company. whose holdings are near
Bowie, are expected to start their new
drill within the next two weeks. II
win require about thai time TO get
ready for operations when the drill Is
ON the ground, The list Of Deming
stockholders in this company has reach
ed such hulk that II looks like city
directory
A new company has sprung mp az
Columbus and Is already selling stock.
The "14I0' oil company. composed
of Tucson capital. publishes In this
weeks Graphic their certificate of in
corporation as filed at the Office OF the
state corporation commissin. indicat-
Ing that they are about ready to get
down Ia business. ] \. vanght IL
statutory agent for the company.
The names OF J. NJ. McTeer. NJ. A.
Nordhaus. Clarence Hon. Hal Kerr. W
ID. Murray and Hugh II. Williams all
appear In n partial list Of stockhold.
crS In the new I'valde (Texas) oil Co.
In the Albuquerque Journal of March
27th Messrs. McTeer and Hon are
handling the sale Of stock in this com
pany In Deming The company Is in
corporated at s5O0.O00. Uvalde Is 30
miles west of San Antonio. on the $.
=. main line. several hundred miles
south Of the Ranger field
The Dcmlng O;l, Gas 4 Developing
Co. has started out to sell 600O0 shares
Of stock at PIC per share to finance
drilling operations. Their holdings are
at Stems, n. NJ. near I.ordsburg