Time Clock, Mar. 15, 1954

OIL companies have formed a combine to market Iran's oil, in expectation of an early solution to the country's oil troubles. Stock in the group is held 40% by Anglo-Iranian Oil Co., 40% by five U.S. firms operating in the Middle East—Standard Oil (N.J.), Gulf Oil, the Texas Co., Standard Oil of California, Socony-Vacuum Oil—and 20% by French and Royal Dutch Shell.

GENERAL Dynamics Corp., which last year bought 400,000 shares of Consolidated Vultee stock (17%), wants to merge with the planemaker, if stockholders approve. Under the deal, Convair will exchange one share...

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