Show POWER COMPANY EXPLAINS REASONS FOR ITS REQUESTS Presenta Presentation lion of Facts and Figures Made lade to Utilities Board Presentation of t f facts and figures I from tho the company standpoint oa s the reason why the rates charged chars for tor power pow pow- er or b by tho the Utah Power Light LI-ht company should bo Increased was made made- to tho the public utilities commission yesterday in the hearing of tho the application atthe of at the power company for permission to increase IU its rates Difficulties Pointed Out This presentation was made by S. S RInch R n. Inch ice president and general manager man man- ager of or the company In a n prepared statement which occupied the entire session Ho He contended that the company com corn pan pany would be unable to meet this year oar the necessary requirements under th the present schedule and ho pointed out that lint In view o of the lie conditions of oC the security market that It fl was almost Impossible to successfully market securities se se- se The Tho earnings of or the company com corn n IH pany ho said such that Investors refrained from purchasing purchasing- tho the securities ti ties s of ot the company owing owins- to tho lie limited limited lim urn earning power Hold Stock Ho no Io salt said that about of oC the preferred stock of oC tho lie company was held by 1250 persons who used electrIcal electrical electrical cal energy produced by lIy company tho and that of ot more than luau se securities securities se- se of tho the company they wore distributed distributed dis dis- in practically every state In tho union Ho lIo also stated that if tho the revenues of or tho the company wore Increased in increased increased In- In creased that an additional construction construe construe- tion Ion program which had lund been prepared pre Jre- pared by tho the company compan could be carri carried d dout out and anel that this program meant the expenditure of or many th thousands of ot dollar dollar dol dol- lar mrs additional capital When ho he concluded tho the commission adjourned until Tuesday morning cross examination being reserved until op opportunity opportunity op- op had lund been given to to- study the exhibits presented |