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THE MEXICAN PROBLEM
day, or 18,250,000 barrels and it should realize not far from one dollar per barrel.
If I were writing a financial article, I should immediately figure that, deducting the interest on Mexican Petroleum eight per cent preferred stock, there should remain for the $40,000,000 Mexican Petroleum common stock, and United States government war taxes, not far from thirty per cent; but as I am not writing a financial article, but on the Mexican situation in general, I give the following as the best estimate I could get in Tampico of the probable movement of Mexican Petroleum Company's oil in 1917:—
| 4,000,000 | barrels to South America by the Union Oil Company. |
| 3,000,000 | barrels into New England. |
| 3,000,000 | barrels to the Standard Oil Company of New Jersey. |
| 2,500,000 | barrels to the Magnolia Oil Company (a Standard Oil subsidiary in Texas). |
| 2,000,000 | barrels to New Orleans and Florida. |
| 2,000,000 | barrels to the Atlantic Refining Company. |
| 1,000,000 | barrels to the Prudential Company. |
| 1,000,000 | barrels in "tops." |
I give the above table to show the wide distribution of this expanding company, whose production is, in my judgment, only in its beginnings.
