OCR Text |
Show PEIIT NED FOR STOCK SALE Securities Commission to Enforce Law Against Illegal Selling. The Ft. at FC-juriik-s commission yes-;eni:ty yes-;eni:ty ai a specia 1 session decided that 10 per cent cum mission on th3 sale of oil stock is his1), and t'.iat it is not satisfied, from looking oer the .assets of the. Ko.-ky Mountain I'lefinin company, that there is anything there to justify tho selling at !jfl a share of stock of which the par value i.s only 1 ' cfnt. The company, which Is asking permission to float some 500,000 shares at this advance of per cent above par, was advised that unless some reduction Is made, or other facts are presented pre-sented to cause the commission to change Its mind, tho certificate applied for will not be granted. Action was also defe-rred on tlie application ap-plication of the Mesa Land & .Stock company com-pany of Moan tint il its officers could be present to talk over tiie terms of the application. ap-plication. Following- the arrest Thursday of Tl. A. iolmberg, eharned with selling, as aent uf the Vindicator Gold Mining company, com-pany, stock in that company without permission per-mission of the securities commission, tiie latter body has been informed that agents of tiie company are still oni.-ratiny in the icinity of Garfb-ld, M'igria and Tooe,e. K. C Fek, secretary of the commission, announces that the commission has determined de-termined to enforce by pro.secut ions strict compliance wit h the law in all such cases. Ue warned tne company by letter let-ter yesterday that if the stor-k-selling campaign is persistently carried on every asr-nt and officer of the company becomes be-comes liable under tiie law. liolmbei'R is out on 5"0 ball. The company is a fcja'.t Lake City concern, with properties in Nevada. |