Salt Lake Herald | 1906-11-16 | Page 6 | M' Donald -Ely's Boom

YS BOOM Allotment Price Nearly Doubles Dur Our During DurIng ing a Single Day Wednesday morning the fact was men mentioned that 10 shares of stock in the company had been of ot offered f for subscription and a few hours hour ater before the brokerage brok rage firm offering I t had realized what had happened the amount was avas as oversubscribed by 40 hares Chares hars But that is not the limit of ot popularity attained by the cow ew flotation hen It was learned lerned yesterday ferla morning moring that hat the th subscription had closed close and that i ithe the he applications for shares would have to be trimmed to beat brt the band bid biding I Ung ing for allotments began bagan b gan on the thc floor foor foort of t f the exchange and amI on the street The subscription j price of or the Issue was ws fixed at 15 a share and when 4 ar arrived arved rived ved offerings of 5 per share were freely made and so far as known with jut ut a single ingIe zingle deal del being made mado mado The rie organization of or the company has not yet et been bee perfected but one of or the big Dig men in m it I stated state during the after afternoon afternoon noon oon that the articles of ot Incorporation might be filed fed by tomorrow and certainly riot not later than early In the coming coring week it Is the sub subscription in the meantime i presumed sub list will wi be trimmed to meet he Jie exigencies of the case and nd that ap applicants for or stock will wl be 11 advised of their and when payment can cn be made matI and the stock stoc secured