Salt Lake Telegram | 1934-05-25 | Page 7 | Trade Report Hits Dealings of Utility

TRADE REPORT HITS DEALINGS OF UTILITY Excess Payments for Holding Firms Revealed WASHINGTON May 25 T r JP-r- Mo o- o I hawk Hudson Power corporation was said in a trade comm commission ion summary Friday to have pai paid approximately more than the book value for lor the several companies it has acquired acquired acquired ac ac- ac- ac as a holding company in the Niagara Hudson Power corporation group The summary placed in inthe the record of the commissions commission's utility Inquiry did not characterize this sum as a l It explained that a portion of the increase was made with the permission sion of the New York Yorks state public service commission The combined book value of ot the securities acquired by the Mohawk Hudson Power corporation the sum sum- summary summary mary mary said by exchange of or ties les as a a result ault of the organization agreements amounted to