Show 2 FIRMS LOSE RIGHT TO SELL STOCK IN UTAH UT AU State tate Securities CO Commission Rules ules on Pro Promotion lotion Companies Two companies transacting tT business In Utah wore were barred f from om the state seven SC others thera given gl permission to sell their se securities and one other notified that It must Immediately cease sale ale of or orIts Its stock In the tho th state or comply with the law Jaw b by tho the state securities commission commission commission com com- mission yesterday The Tho companies who were placed under un under under un- un der the tho ban were Texas corporations One Is tho the Utah Texas-Utah Oil company compan of Denver Denser and the other tho Coal Range Oil on company of Wichita Falls Fall Tex both operating operating- under the tho common law of ot Texas They were bann banned for Cor the reason assigned by Gordon Sno Snow secretary sec sec- rotary of tho the commission that the commission m was opposed to the plan of promotion an and organization md lI distribution distribution distri distri- from the sale of or stock In that the promoters rs take their money in advance advance advance ad ad- vance thus refusing to ramble gamble with tho the rest or of the stocKholders h in the developing de- de eloping of an oil lease I I rh Theae e G Get t P dou j Panama Sugar Su-ar company compan of Utah was granted permission to sell ell of Its first mortgage 7 j per Der cent mortgage bonds out of an Issue of r upon the condition that the company agrees to devote not moro morn than 7 per cent of the proceeds to agents In commission Sears Specialty company of f t Salt Lake was wa authorized to sell shares of or capital stock the par value of which Is SO 60 cents cent no commil commission slon to be bo paid Further proof of or their pat is s also called for tor Great Greater r Consolidated Mines 7 company of or Salt Lake which proposes to raise to carry out a 1 project of ot a transportation tunnel through the range from Big Cottonwood d to Alta and laterals to American Fork and Park ParI City was granted permission to sell Its stock upon the condition that it pa pay no more than 1 13 per cent commissions commis commis- Milford Magnolia Mines Mins Ines company compani W was S also granted ranted a permit to sell selI shares of or Its stock the tho par value alue of which is 1 cent per share on conditiOns con- con similar to those granted the preceding preceding- company Perfection Gasoline Vendor company of or Salt Lake was given Sien permission to sell without pay paying Ins Ins- an any commission shares of Its stock at 10 cents per share Gunnison on Valley Su Sugar ar com company pan was wal permitted to sell first mortgage mortgage mort mort- gage Sage 7 per cent bonds out of oC authorized Wyoming Arizona Oil company of ot Salt Lake was vas permitted to sell set shares sharps o of treasury stock the par alne value of which is h. 10 c cents but it is not to pay more than 15 16 per cent commission Stop Mop Stock k StO k Campaign n ree Sugar company compan of or California Califor Califor- nia must cea cease e selling s stock in Utah said Secretary Snow until It has Im compiled com corn plied piled with the tho law Jaw and has obtained a license And this order applies to every overy company All 11 must comply with the law Jaw and obtain licenses license or th they will willbe willbe be prosecuted |