The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1920-08-02
MARKET QUOTATIONS
The Mexican Situation

From La Prensa,' San Antonio,
Texas.
MEXICO CITY, July rs, 1890
Yesterday the negotiations between
the government and the representa-
tives of American oil operators in
Mexico, that have extended over
some weeks. were completed. Yes
terday's final session was with
President da la Huerta. with whom
personally many of these confer
onSs have been held, and he is
thought to have become reasonably
acquainted with the oil situation
and its handicaps at present exist,
ing.
As soon as transcript OF the
conclusions arrived at can be made
and placed in the hands of the pc
troleum consulting board, recently
appointed by De Ia Huerta, for the
purpose of aiding in q solution of
the whole matter, the representa-
tives OF the foreign oil producers
will leave for the United States, to
report to conference OF producers
and allied interests operating in
Mexico which will meet on August
IA, at San Antonio, Texas.
In case the tentative agreement
reached yesterday shall be ratified
by both the Mexican government
and foreign operators, as now seems
probable, tho oil interests engage
TO iFrest between one hundred and
one'hundred and fifty million dol
lars gold in makingf Mexico the
leading oil producep of the world.
This proposed Investment covers
the entire range of oil country ac-
tiyitics. and includes:
tirst--The establishment of pc
troleum bank, either at Tampico or
Mexico City, for the development of
the oil industry and its related ac-
tivities.
Second-The construction OF a
, net work OF pipe lines including
Nhree trunk lines, one direct from
Tampico 10 Mexico Guy, another
from Tampico to the Central Mesa
Of Mexico, the third from Coatzac-
oalcos to Salina Cruz; in this manner
overcoming present difficulties due
TO scarcity OF tank cars, fuel trans
portation, strikes. and insurrections.
Third--Construction of direct
railroad between Tampico and Mexi-
co CITY, with branches leading from
the productive centers of the oil
field. +.
Fourth---Constructio of additional
oil refineries and increased capacity
Of those already in operation at Tam
picOand other points in Mexico.
Fifth-Promote additional drilling
- wells, as we'll as improved facil-
tiles for delivery of crude oil to
ports of export; and
Sixth-Ihe construction of an ad-
ditional fleet of tank ships for hand
ling the increased production to the
world markets.
In return. the foreign oil interests
ask that the multiple export dues,
charges. fines, and arbitrary .levies.
practiced by the Carranza govern
ment be wholly discontinued and be
replaced by one single. reasonable
duty on crude-eil and its products;
that the Mexican constitution be
construed not TO be retroactive to
titles in oil leases and lands law
fully acquired prior to its adoption;
and that they be accorded some 9TH
or facilities of relatively minor i'm
portance affecting oil field and re-
filming operations.
These measures. as tentatively
agreed between the oil representa-
tives and President De la Huertas
government, and that now seem like
Ny OF confirmation with possible,m min
or changes, mean such n vastly In
creased production, refining and
MARKETING of Mexican oils. that Is
expgc,ed will place the annual pro-
ducffon above 10000, 900 barrels.