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Show SALE OF TREASURY STOCK ANNOUNCED LOS ANpISLKS, April 22. The sale of $15,000,000 of the treasury stock of the L'nlon Oil company of California to Andrew An-drew Weir and R. Tllden Smith, capitalists capi-talists and shipowners of Liverpool, England, Eng-land, was announced today. The sale was made a I the par value of the stock. In order to facilitate the financing of the deal. Cyman Stewart, president of the Union OH company, and his associates, have agreed to convert their holdings of stock In the United Petroleum company and tho Union Provident Provi-dent company. Into preference shares of a British corporation lo be formed Th latter company will b! known as tho "British Union OH company. Limited." An opportunity will be offered the rest of the' Union Oil company's stockholders to convert their holdings similarly. |