Salt Lake Telegram | 1934-05-23 | Page 3 | Cities Service Security 'Inflation' is Charged |

Type	issue
Date	1934-05-23
Paper	Salt Lake Telegram
Language	eng
City	Salt Lake City
County	Salt Lake
Rights	No Copyright - United States (NoC-US)
Publisher	Digitized by J. Willard Marriott Library, University of Utah
ARK	ark:/87278/s63x9frd
Reference URL	https://newspapers.lib.utah.edu/ark:/87278/s63x9frd

Article Title	Cities Service Security 'Inflation' is Charged
Type	article
Date	1934-05-23
Paper	Salt Lake Telegram
Language	eng
City	Salt Lake City
County	Salt Lake
Page	3
OCR Text	Show CITIES SERVICE SECURITY INFLATION IS CHARGED 1 WASHINGTON May Nay 23 JP F-A F A I trade commission investigator testified testified fied today that Cities Service company company com com- pany inflated the book value of its security investments by A. A E. E Lundvall the investigator said at the commissions commission's utility Inquiry Inquiry inquiry In in- that the ledger value of these securities as of oC December 31 1930 was as listed on the company's com corn pany's books but that the company wrote up the value of or these securities by the figure so that the actual securities investment was
Reference URL	https://newspapers.lib.utah.edu/ark:/87278/s63x9frd/16244906