| OCR Text |
Show STOCK PERMIT DENIED, Pan Motor company of St. Cloud, Minn, which sought to k11 its common com-mon stock in Utah, was again donied n ponnit to do so by tho state securities securi-ties commission last Saturday Tho denial was Imsod on tho financial utntoment of the lompnny, which it was held did not justify the selling pneo nt which tho company desired to soli tho stock, nnd tho oxiessivo soiling cost of 3fi per cent, nnd because be-cause too much of tho money paid in, nccording to tho commission, was dissipated dis-sipated by tho fisuil agent. Numerous Numer-ous Carbon county nnd Knstorn Utah people huvo beon badly stung on Pan ' Motor. |
