Show FIRM PREP PREPARES ARES ARESI TO TAKE YARDS I OGDEN Operation OGDEN D N Operation e t n of the O Ogden d Union Stock Yard company property prop prop- erty purchased last week from front the American Packing and Provision company here by Bosworth Chanute Chanute Chanute Cha- Cha nute Loughridge and company Den Denver ver vcr inv investment banking firm willibe will ibe b taken over this week by the i heads of the tho Denver Union Stock StockYard Stockyard yard company company L. L M. M Pe Pexton ton as as- Distant g general manager for Cor the Denver yards said Wednesday Mr Pexton speaking for lor J. J A. A Shoemaker president and general I manager of ot the Denver yards compan company com corn pan pany announced that the policy and purpose of ot the Denver organization tion In purchasing the Ogden properties prop prop- at at a price definitely around was was to develop the Ogden properties An aggressive policy of building the yards and their business busi busi- ness Mr lr Pexton said will be aimed at tnt the tho ultimate establishment of two of the greatest stockyards Inthe in inthe the the- country at Ogden and Denver Making I Inventory In Mr Pexton with A. A P. P Miller manager of the American Packing and Provision company compan former owners of ot the Ogden yards ards and H. H M. M t Monson Ogden stockyards auditor auditor auditor audi audi- tor was engaged Wednesday in completing an inventory of ot the yards preparatory tory to assuming charge here for his company The purchase of the Ogden yards ards Included properties at and Pocatello Idaho Mr Pexton explained The deal he said was the largest stockyard transaction in the United States In recent years years probably probably during the past five ve or six years ear Mr Pexton speaking for Mr Shoemaker and for the operators of the Denver stockyards emphatically declared that we are not coming here to stifle stille the Ogden yards but rather to develop and build them further We uVe must elect a board of directors directors di directors di- di rectors for the Ogden company compan and that board likely will include several several sev sev- eral Ogden and Utah members Arthur Arthur Arthur Ar Ar- thur E E. Bosworth of the investment banking firm who engineered the deal with H. H E. E Hemingway of Ogden Ogden Og Og- Og- Og den president of the American Packing and Provision company compan isa isa is isa a director of the Denver yards ards company compan Independent Control Purchase of the Og Ogden en yards the new owners feel will give the Ogden yards a chance to 3 assume sume their proper position among tho the greatest livestock H markets in m the country All of the bigger markets and yards Mr Pexton pointed cut are controlled controlled controlled con con- trolled independently of packers and packer interests The stockyard business he said is best served when operators and producers have hare havea a common interest of or increasing the quality of stock and the net price received |