Show PAN AMERICAN OIL CO 00 REORGANIZED NEW EW YORK March 2 The 27 27 The first t step SIC In tir ot of Ilic Am Pin American Petroleum um and Transport company Into two sep sep- ep Hate S rate companies companio one conI controlling roIlIng California properties and the lh ther those In Mexico was cias taken today loday In the incorporation It at er no oser er Dela teta of the Pan lan Pan I Petroleum corporation to will wilt be transferred the as- as a aits its ts of o the Mexican properties The fhe new ilea ne corporation In It Is Understood that the Standard Oil company ot of Indiana will III nih hate ha haea h i a substantial t interest will alIt have hive a capitalization of ot 25 pre pre- preferred pre lire preferred stock of or 1100 par alue and nd one million shares of ot no par Common |