| Show Up and Down the Street r r f S. S L L. Stock Market Sets Up T New Commission Rates Rates' n By fly Robert W. W The Salt Lake LaJe stock exchange e Saturday announced new and slightly higher commission rates rate's on stocks effective June 1 Richard C C. Andrew secretary of t the thc exchange e said the members approved cd the changes so the rates would more nearly conform with those of other exchanges They apply primarily to the higher priced stocks It is the first increase in com corn commissions commissions missions for or a number of years despite the fact that most exchanges exchanges exchanges ex ex- ex- ex changes have increased rates at various times during during- the war and later Mr Andrew said The new schedule provides Stock Stock- selling under 2 cents commission commission com corn mission 52 2 per 1000 shares at 2 cents and under 5 cents per 1000 2000 shares at 5 cents cent and under 10 cents per 1000 shares at 10 cents and under 20 ZO cents 4 cent per share at 20 O cents and under 35 cents U cents per share at 35 cents and under 50 cents 1 cent per share at 50 cents and under 75 cents 1 ll IMs l cents per share at 75 cents and under Sl S1 2 cents per share at 51 1 and under 3 cents per share at and under 52 2 2 4 cents per share at 52 2 2 and under 53 3 f 6 cents per share at 3 53 and under I t. S-t. S cents per share at 54 4 and under 55 5 9 cents per share at 55 5 5 and under 15 1 ll- ll 0 of oC the money at 15 and above c 1 of oC the money Odd lots for Cor or stocks selling under 51 SI the minimum Is 52 2 2 or per regular regu Jar lar commission whichever Is greater great cr er On stocks selling selling- at nt 51 SI and up there Is s a 53 3 3 minimum or regular commission whichever Is greater reater Board lots for Cor stocks selling sellin over 3 35 33 cents a share was established at shares and made applicable to unlisted as well as regularly listed stocks Plan Office Building Chicago Bridge and Iron Co will build a structure at W. W South to house the company offices A A. N. N Hooper Salt Lake manager said Saturday Work York on the two story brick building will vill start next week by bythe bythe bythe the Olson Construction Co Test Water Level The U. U S. S A. A No 2 well of Stano- Stano lind Oil and Gas Co and Utah Oil Refining Co at Ashley Valley NW V NW V NE 26 which Friday was rated a commercial producer will be drilled to the water level le it was announced Sat Sat- urda Total depth of the well is now 1 feet other test of the water level le of the field Inthe in inthe inthe the U U. USA U.S.A. S. S A. A No 1 went to feet Distributor Picked James J. J Burke Co Kearns building Saturday was named distributor distributor distributor dis dis- dis- dis Whiting Corp Overhead cranes and Monorail systems Board Spokane Stocks J. J A. A Hogle and Co Saturday announced 11 Spokane mining stocks were being boarded at atthe atthe atthe the firms firm's office S. S Main st. st The stock quotations which may be viewed by pa patrons of the brokerage e firm include Day Mines Mince Gold Bond Highland Highland Highland High High- land Surprise Jack Waite Lucky Friday Pend Oreille Orcille Reeves McDonald McDonald Mc Mc- Donald Silver Sil Chieftain Silver Summit and Sun Consolidated Daily quotations from Spokane will govern the price of the stock Stakes Wildcat Location Tide Water Associated Oil Co Saturday was credited with having staked location for its Pine Ridge structure wildcat this year at SW V SE SE 7 Uintah county The test will be to the Mississippian I pian plan formation below feet with the Weber sandstone as an initial objective at less than Ulan 1000 feet Tide Water Vater has more than 1000 acres in the block around the location loca ben tion according according- to land reports Shallow depth of the makes maks the test especially inter Inter- esting Surface geology g indicates that drillers will vill start in the or forma formations lions Drilling date has not been an an- Takes In Subsidiaries The Sinclair Wyoming Sinclair-Wyoming Wyoming Oil Co and Oil Co arc no more According to company advices the he wholly owned subsidiaries of Sinclair Prairie Oil Coa Maine corporation have been absorbed name and all by that firm I On June 1 I it is anticipated that name of the Sinclair Prairie Oil i Co o. o will ill be changed to the Sinclair Oil and Gas Co Name 3 Salt Lakers Three Salt Lakers have been named officers of the Automobile Inter Insurance exchange it was as announced Saturday They are Lee R. R Pearson Pearson president president dent and general manager H. H C. C executive vice ice president president president dent and Nehl N. N Evenson sec see The company is JS isnow isnow now In its third year of business I |
