New York, Apr. 2.
Mr. Edward L. Doheny announced [to-day thay the interests controlled by.the Doheny family have: sold their majority voting stock in the Pan-American Petroleum and Transport Company.
Tr was learned early last that Mr. Doheny for the sale of all his oil properties jin Mexico to the Standard Oil Compony of Indiana, the Blair Company] and certain British interest. The deal, it was then believed, if consummated, would. involve nearly '$125,000,000 and probably result in 18 readjustment of the affairs of the "an-American Petroleum Company, by segregating its Mexican from ite [American properties, with the com-Pany confining its activities to the development of the petroleum industry in the United States, especially' the Pacific Coast.
The ation in the whole world is affected by the Doheny deal, which is equivalent to the Jamaigamation of the Pan-American Petroleum Company with the Stan ard Oil Company of Indiana. It is undoubtedly the greatest in the his tory of the oil industry. The com. ined assets exceed $500,000,000.
The Standard Oil Company now have secured a first rank posi not only in America but in the marker abroad.—Reater' Americas
Text read from the printed page and cleaned; old type leaves the occasional error.