Salt Lake Telegram | 1930-01-10 | Page 18 | Deny Utah Lead Got Stock Permit

D Deny ny Utah Lead Got Stock Permit The Utah securities commission FrIda Friday denied that tho the Utah Lead company compan ever er was granted gi a 3 permit permit per per- cr- cr mit to sell Bell treasury stock in Utah and declared le lared that none was sold The denial was made following reports re reports reports re- re ports from front N New w York that tho the local securities body had sanctioned the sale of or t tie the e shares Five officials and brokers elS of ot tho the company and three companies all alleged to have havo used tho the malls mails to defraud in tho the promotion of ot the Utah Lead company stock k on the Salt Lake exchange are on trial In federal court in New York The Utah securities commission said that the stock which was listed lIste-d and traded on the Salt Lake exchange cx- cx ex ex- change was seasoned rather than treasury stock and that tho the com Corn commIssion commission mission had jurisdiction n the sale oC of treasury stock tock The commission added that It Il made two reports upon the tho activities activities activities ties of ot tho the Utah L Lead ad company for forthe forthe forthe the New York securities commission commission commis commis- sion and ono OTiO report for the United States post office department