Show WILL ACCEPT OIL LAWS OF MEXICO MEXICO CIT D Dec e 25 D 25 25 ByThe The Associated Press Tho Press The Tam pico Tarn Tam pico officers of the tha Penn Penn Penn- Oil company one ono ot of the large lario foreign oil companies companie op raUn In Mexico the newspapers say have received instructions from Pittsburg heal head Quarters head quarters to accept the new petro petro- petroleum petroleum leum leuna and land law unconditionally and apply for lor concessions confirm confirm- confirmIng confirming confirming ing tho the Mexican hold bold holdings jugs ings acquired before 1017 1911 The rho department of Industry and commerce announces that the tho Mar Mar- Marland Mar land Ir land Oil Interests have ha accepted the tho new regulations At tho the same liin the tir Richmond Petroleum um com company pan a subsidiary of th the Standard Oil company of ot which the tho department of ot com corn comm commerce m merce announced had applied for ratification of oC It Its holdings holdine tie tie- deI de declared I dared that Its lis applications relate only to holdings acquired since 1317 1017 Various arlous companies com pan Irs are applying to 10 the Mexican government nt for confirmatory concessions of ot certain properties but hut thero is 19 a difference of opinion as to whether such a- a ap op applications constitute complete or- or ne of ot the tho new now I law w which will go Into effect January 1 |