The Houston Post. (Houston, Tex.), Vol. 38, No. 304, Ed. 1 Friday, February 2, 1923 Page: 7 of 14
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J
THE HOUSTON. POST: FRIDAY MORNING; FEBRUARY 2 1 923
i
WEDLOCKED There's Real Generosity for You.
BY LEO.
- r- i ; j I r : : 1 1 1 j . . i i - . .. -. ... ) .......
FOOOEti UJOM'T LYMMg - QiNJG1 VOJ WT I PICK UP A x .
. Take amv coal t J ? ' . ; tjo ujirs tor. pockct-puv o coau
' MAKe eves for. me r r- ' om- 1 LI' cgs u
-p K
&OLLY AND HER PALS- Pa Has an Eye for Music
-BY CLIFF STERRETT
"j "'' V' '
" ' ' I . 1 - 1 II 1 11 11 ' 1 I .. 1 ... i . : . ' . 11
REORGANIZATION
PLANS PROGRESS
FOR MEXICAN CO.
National Oil Announces
.Drilling Campaign; To
Pay Debts
. Hougton Post Special.
TAMP1CO Mexico. Feb. 1. Re-
organization of the National Oil com-
pany under a plan which contemplate!
deYelopment of promising leases in the
. Panuco region is now well on its way
to comyletlon. according to John P.
'Penrose president of the company
which last May suspended operation
and went Into receivership. Mr. Pen-
rose is receiver for the company and
was in Tamplco last week looking
over the situation here.
When the reorganization is effected
the development program will be be-
gun with the drilling of three wells
In Chljoles where the company holds
3004 acrea In a solid block and where
It at one tlmeJisd a well which pro-
duced approxiWtrtely SO.000 barrels a
day. There were only 60 acree of this
block developed. It is now proposed
to spend approximately 1100000 In
drilling the three wells on this prop-
erty. The Comnania Mexicana Holandesa
"La Corona" has drilled a small off-
set to the National Oil lease east line.
There Is a mound In the center of the
lease which geologists say gives Indi-
cations of oil bearing strata similar
tc- the mound on which the previous
producing wells were found and this
It the part of the lease which la con-
sidered an ideal place to drill.
The company also intends to drill
well in Quebrache where the hole now
being sunk by the Globe Petroleum
company is making huge quantities of
pas similar to that encountered in the
Toteco field and for that reason Is be-
lieved to have possibility of being a
producer of light oil. . .
Mr. Penroe visited the well since be
has been In Tamplco and Is elated
over the prospects for production In
tils Hacienda where the National Oil
holds 4400 acres of land. Other hold-
ings of the company are 3000. acres in
Oomales 1250 acres In Chopopo 120O
acres In Gutierrez Zamora 1260 in
Valencia and 14500 acres In Jagueyes.
The Mexican company up to last
May when It suspended operations on
account of financial difficulties of
the parent company in the States was
one of the largest shippers in the
Panuco district.
The company has a pump station
and general field terminal at Her-
radura 40 miles west of Tamplco
equipped to handle 600000 barrels of
oil monthly; three 66000-barrel steel
storage tanks.8 1-2 miles of 8-Inch pipe
line' gathering lines loading wharf
water supply and other equipment. At
Hermosillo on the Panuco river there
Is a well equipped shipping terminal
completed in 19-0 where there are four
66000-barrel storage tanks and equip-
ment for the unloading of barges and
loading of tankers at the rate of 6000
barrels per running hour.
There Is also complete pumping
plant on the Chljoles lease and a 65-
000-barrel storage tank. At both ter
mlnals the company owns houses for
the living quarters of the employes.
Other equipment Includes barges elec-
tric lighting plant river launches tele-
nhone lines and drilling ngs. Mr. Pen
rose states that all Is in condition so
that loading could be started In six
hours.'
The company owns four tankers the
Penrose. Daugherty. Riley ana isp
lorn. These are now at Galveston and
will be available for use aa soon as
reoraranization is completed.
Under the reorganization plan. It Is
proposed to pay the Mexican creditors
25 Der cent by March 1 ana tne re
mainlng 76 per cent in the period of
one year. The Mexican company is
Indebted to the Republic of Mexico in
the amount of $171468 for past taxes
nrf indebted to outside creditors from
whom It has purchased oil and other
material 1270.000. The first payment
to be made by the Mexican company
would amount to approximately siB
000. An exnenditure of 1650000 is con
templated for the drilling of new wells
and for working capital and expenses
Incidental to receivership amount to
176000.
Huntsville Wildcat on ;
Top of Rock Formation
.Houston Post Special.
HUNTSVILLE Texas. Feb. 1. The
wildcat well (Long-Green) being
drilled 12 miles .northwest of Hunts-
ville by V. K. Shackleford and asso-
ciates of Houston struck a very hard
rock strata at 2300 feet and has shut
down for a few daya waiting to get
a roller bit which has been ordered
out of Houston. The fishtail bit would
not penetrate the rock at all. Experi-
enced oil men say just under this rock
there is an oil lake or a strong gas
flow.
The C. A. Lewis crew at Jones well
No need to think about
tar away climes) when you
art) trying to escape) the)
rigors of winter. You can
emoy ideal weather fin
fiahing boating goi( motor
drives and all other oat-
door sports in Florida The
MnA of Summer at less
expense and greater con
venienos than in any other
f winter vacation land.
Improved service through
New Orleans by the Louis-
villa ft Nashville Railroad
affords stop-over privileges
on the
Mississippi Gulf Coast
The charm of this winter
section will appeal to every
tourist and each minute of
the day affords unexcelled
opportunities for rest and
play.
For 4crtDtti Httrwtom. rata
ae(etff tnformmtton ate
aafl tr miirmt
L. N. SIMMS T. P. A.
202 Sean Ian Bldg.
Houston Texas
(I
if 1'
a. l is down to looo rest ana wui
set new casing as soon as It arrives
from Houston. Emmet O'Boyle who
Is In charge of the drilling is in
Houston shipping the casing to Hunts-
ville. This is the well that has en-
countered four gas flows within the
past few weeks and since last week
has been producing 1000000 cubic feet
of gas per day and rumbling omi-
nously from somewhere below the sur-
face every now and then.
Deeper Drilling on Well
At Henderson Progresses
Houston Post Special.
HENDERSON Texas. Feb. I. Drill-
ing on the Imboden wall at Plnehlll
is going forward with good progress
this week. The first oil sand waa
struck at 114 feet but the best sand
so far waa struck at about 130 feet.
This sand wat about 26 feet In depth
and was believed to have brought In
about 40 barrels per day of good grade
oil. Otologists believe the best sand
will be struck at about 2800. and the
drill la being fast pushed to this
depth.
The Rusk County News a local pub-
lication Is carrying 10 pages of oil
news this week.
Humble Busy Getting
Ready to .Test Tract
ORANGE TexaaFeb. 1. The Hum-
ble Oil and Refining company was
busily engaged in setting up on No. 1
Klshl (0 acres while preparations
were being made for a derrick for No.
2 on this lease. ' A location has been
made by this company for No. 2 Bland.
The Humble's Bland lease Includes a
welWtmt down more than two yeara
ago known a the Shipbuilders' well.
Magnolia Will Drill
In New Powell Field
Houston' Post Special.
CORSICANA. Texas Feb. 1. The
Magnolia Petroleum company has en-
tered the Powell oil field and an-
nounced that they would begin a deop
test well In that section at onct.
New York Medics Get
Huge Gift for Building
' Associated Press Report.
NEW YORK Feb. t. Gifts of $1-
000.000 each are reported to have been
made by the Rockefeller Foundation
and the Carnegie corporation to the
New York Academy of Medicine the
New York Times says Thursday. Part
of the money Is to be used in the
erection of a 12 -story home for the
academy which la planning an en
larged program for the Information of I
the medical profession and for the In-
struction of the public in preventive
medicine. .
Meals for One Million
JUnderfed Children Goal
Associated Press Report. '
CHICAGO Feb. 1. One meal a day
for 1000000 underfed German children
la the goat of the national central
committee of the American Welfare
association. It was announced at a
meeting here today. A meal of soup
bread and cocoa can be1 obtained for
2 cents aa a result of quantity pur-
chases It was said.
Relatives Forced to Bury .
Man Declared in Stupor
Associated Press Report.
PHOENIX Aril. Feb. L The fu-
neral of George Stevenaon will be held
here Friday members or Sis family
stated today. The body had remained
In an undertaker's establishment for
eight daya members of Stevenson's
family and otose friends maintaining
that he was not dead but a atate of
suspended animation. . "
A constant vigil waa maintained
over the . body by members of the
man's family. Aa a result of a com-
plaint against longer delay in burial
a coroner's Jury was assembled. It
reported that Stevenson was dead and
Coroner Bolen order an autopsy.
Stevenson became unconscious more
than a week ago. A ollnto of tight
doctors -pronounced him dead but his
family Insisted that he was not
$200000 Damage Dona
By Springfield Blaze
' Associated Press Report.
' SPRINOFIEIJ). Mo. Feb. J. Fir
last night believed : to have beer
caused by a defective furnace resulted
In a lose of approximately 1200000 t
the stores and stock of the Levy-
Wolf Dry Goods company the Ca
Dry Goods company and the Walk-
Over Boot Shop In the center of ttu
bualness district. ' The fire waa dis-
covered about T o'clock last night an
every piece of fire fighting equipment
In the city was used In checking It.
It was at first feared that the entire
block would be wiped out and it was
only after four hours of steady fight-
ing on the part of the firemen that the
flames were considered under control.
The majority of the lost la covered by
insurance. . .v
WJLJ!U(E1LA!
56Z&8 SH0ES.KK:
W.L.Douglas shoes are actually demanded
year after year by more people than my
other shoe in the world
BECAUSE W.Ij. Douglas has been
" makino; surpassingly
rood shoes for forty-six years. This
experience of nearly half a century
In making shoes suitable for Men and
Women in'all walks of life should
mean something to you when you
need shoes and are looking for the
beat shoe Talaes for your money.
r 'Tr material and
workmanship are better than oyer
before only by examining them
ean yon appreciate their superior
qualities. 1
WUDOUGLAS -o-i p toto
f" of our JLIO
stores at factory cost. We do not
make one cent of profit until the
shoes are sold to you. It is worth
dollars for 70a to know that when
von hn ahooa at onr atorea
YOU PAT ONLY ONE PROMT. Bho?d
W.L. vougias snoes 11 nos con-
venient to call atone of our stores
ask your dealer for W.L.Dong-
las shoes. Protection against
Prflf C boys uf
FTM I shoes'
XJ
eVOOk4U0
jsoucos 1 j i?rai
SHOTS AT W&TZZvl . f
unreasonable profit la ruaran-
pair
before the shoes leara the fo.
by the nam ana price
texopea on ute sote 01 every j
W.L
PE&GIN&!
7Y6rR30rACeu
to ry. Jtefuse substitutes. The
prices ate the same everywhere.
w not row sjAig m Tu vwmrrv -
wnTTC fOR OATALOe.
PwBtlessfsBsW '
.WXIWeeSheeCe.
sioi
M r iMjbaeC
m MtttrntwrtiHrn asasjrat towa at
wM.Se nates mrtlt fir miI- rMU
m aaaiwt Hit saWa safcsjawi a
W. L. Douglas Store: 415 Fannin St ( fti ;r?tf.")Houton
is?" OPEN SATURDAY EVENINGS
1
NO -rjt-
. Charges ys
mm
m 1 11 a a t e
Jk(HN)l I"
SALE
PRICES
n raNTT7rimrrrCASii
UJ L5LM U UUOliD
The Most Daring Spectacular
Sale Ever Held in Houston!
Has is the sale that all Houston has been anxiously awaiting since the
first announcement was made. A sale so sweeping and tremendous1 in
i its scope that the full meaning of its great saving message is hard to
grasp at first. Now this entire high-grade $60000 stock of Men's
Wear is involved at prices to make it move before we do. That is the.
whole story in a nutshell. .
Plan to Be Here When
the Doors Swing Open
T h i s M or n i hg at 9:00!
7?
Green & .Biid4'es31
sflsaBsaaHBBBanananV
312 MAIN STREET
-. y-
Green &.Bridaes312
312
m
WW
V VA A
ALL FIXTURES
ARE FOR SALE!
jU.OLO.RUABL&.
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The Houston Post. (Houston, Tex.), Vol. 38, No. 304, Ed. 1 Friday, February 2, 1923, newspaper, February 2, 1923; Houston, Texas. (https://texashistory.unt.edu/ark:/67531/metapth608289/m1/7/: accessed July 4, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; .