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...Union Oil Corp. passed its dividend for the first time since organization in 1922. Especially hard hit by this are The Royal Dutch Company for the working of petroleum wells in the Netherlands Indies, 43%-owner of Shell Union, and Shell Trading & Transport, 29% owner. President John C. van Ech's explanation was that there is no indication that the unsettlement will soon be removed, that cash must be reserved for expansion. The company was stated to be "on a profitable basis...
...knowen to ech marchaunt in toun...