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Show THE BALT LAKE 1KJLU.NE, SUMJAX JlUKAEMl, 12 A1AY n ima bite ' j Complementary Design Hearing Scheduled to Take, Place Before Interstate JL Commerce Representative Charge on Packr Equitable s. I ing Products Sought; Ex( why shouldn't your glasses match the good taste shown in your clothes? of all, our expert optometrist carefully examines your eyes and prescribes-lenses that will give you the fullest vision possible.- Then we give you the utmost in comfort, service and good looks ! I Whether or not Utah and Salt Lake have a packing industry will depend on the outcome of the hearing to he held In the federal building Tuesday before Examiner Geary of the Interstate commerce commission, according to H W Prlckett of the traffic service bureau of Utahv This hearing is in regard to the rates on live stock and live stock products between Salt Lake and the Pacific cos si, The hearing said Mr Prlckett yesterday, i idiolies, the reamnablencss or Jijtew on fie.h Imal and packing house products, especially uvith regaid to the relation to rates on live -- 4e( k Live stock Is bought heie andjhipped to San to be Francisco and to I, os Angelas Slaughtered because the tllffereme in the rates makes it more expensive to send tha produels of a carload of hogs to either of, these cities than to send the live animals there. This makes it for a paiklng house in bail Lake to overcome a very serious handicap to rompete with those on the Peciflo tvast. Many to- Attend. ; The tosame conditions and - preValT wittry-gni- d sheep cattle, according to Prlckett, who will represent Salt Lake Interests at the hearing It Is ex-ted that there will be legal talent sad traffic men from all parts (tewnt of the country . Pt event freight rates on fresh beef Htid other products resulting from one 2S car of cattle from I'tah tommoa points to Loa Angeles are 1103 Hi,- - as ..eouipared with --but $154,10on the cattle Itself if shipped oil the hoof The petitioners will urge the commission to Initiate a rate or $4 28 cents per hundred pounds on fresh meat, holding this rate to be necessary to remove exUtah isting discriminations against t packers, Mr p. - v Ogden Company Complainant. The complainant In the case Is the Ogden Packing and Provision cOmpunv, wnich lit addition to asking for sn of the existing rates to the coast on paiklng house products aaka for reparations in the amount of 341 403 61 for the payment of past freight charges held to have been unreasonable and dls- Crimlnatoiv In support of the contention of the complaint Mr Prlckett will present a series of exhibits to show the present relationships between live stock and packing house products at other markets. , He alleges, "The rates as herein complained of have been and now are such as to pot only restrict complainant's operations, Its output, and cause it financial loss, but have the effect of retarding the development of all business in the states of I tah and Idaho, that the rate result in a loss of revenue to the producers of live stock ' and to the defendants tthe Auerbachs Want Your Old Shoes and Are to Pay You 'first animations Start Tuesday 1 - Them SPECIAL week we continue the We Will Pay We Will big- gest offer pair of reading glasses in a good frame, examination o t your eyes, lenses to order, case-- all, for only we haveever made. etork In Utah Among the companies to wtib h certificates t sell slot k in I tab were gianted vestereftty wax the Baker Hteaiti Motor Cm and Manufacturing com. panv of Pueblo, which proposes to sell In Itah 2 009 0 shares of Its capital stock at 784 cents a share, with a srilhig cost allowed of 20 per tent The par value of mpanv the stoc k Is cent a share the to "mO 000 authorized capital of 32 hayifUf-6.- 3 In a report on the opeiatlons of this of Its Mr telle Hit operakg company, tion as a going concern, and of some ef the claims made for the Inventions which e v a 14 has Vie Hick 44 is exploiting obtained permits to sell stock from "blue In several Other west, commissions akv A ;$300 this pity, at the .regular meeting thia week, elected E W Hovev president, to replace 8 L Reece of Pocatello who has dleponefl of his interests tn this institution and the Hrst State bank at Chsllis tt A Strunk formerly assistant caxhln, was elected cashier to fill he vacant-,- , caused by Mr. Hovevs election. A PAIR FOR YOUR OLD SHOES IF YOU BUY A NEW PAIR A PAIR FOR YOUR OLD SHOES IF YOU BUY A NEW PAIR A PAIR FOR YOUR OLD SHOES IF YOU, BUY A NEW PAIR . AT 2.95 TO AT $5.45. TO AT $7.95 TO -- 1 ern states O'LOUGHLIN CAPITAL INCREASED Announcement was made yesterday that the Aahworth-OLoughlt- n company, retailers of phonographs at 120 Main street, have Increased their capital stock to $j0,-0The company has changed Us name to OTsvughllns are H R Officer OLoughlln, president, Frank Warren, vice S president, and P, Hellbut, secretary-treasur- $5.00 0. er The Martin Coal company obtained renewal of Its permit to sell 10 000 shares of Its 7 per tent cumulative preferred stork at 31 a share, no commission being asked Permit was denied to the Soldier Canyon Mining and Milling company to sell 400 mux shares of its !o k at par value of 1 cent The company's Incorporators havo taken over 60 per cent of the stock, according to the showing made to the commission, and It holds four unpatented The mining claims In Tooele county company Is 'to, be notified that "It affairs will havo to be adjusted on an entirely different basis before the commission can pass favorably upon an application to sell Us stock" The secretary has been unable to locate the Gearless Steam Auto Manufaccompany supposedly of Denver turing tn Denver or In Utah, and finds either it impossible to report to Just what extent stock in this company ha been sold Action Wks deferred pending further-effor- ts to locate the company Mr. Hicks reported that the Mountain States Life Insurance company of Denver hail agreed pot Ja attempt to sell Its capital stock in Utah pending the outcome of proceedings now in the court to determine the legality of Its selling plan. Bring in your old shoe i B ROADWAY o FOUNDED 1864 c MO BIC3- - STORE MONDAY AT 10 A,VL We Will Place on Sale an Underprice Purchase of n. lirliisli Mb Ms In Two Lots buy a new pair and get the benefit of a saving of $1 to $2 on your ' purchase owners of all other securities Issued thereby have been paid tn full " The remainder of the agreement binds th owners of the stock in escrow to the observance of the conditions laid dow n by the commission, and demand for lower organizations freight rates. Commercial loan showed Steady contractions from the high peak of January and brokers loans were measurably smaller. Much new financing for domestic and foreign undertakings is. contemFrench government plated, including loan approximating 310,000 000, mainly for refunding purposes Gold continued to pour Into the counfirst five months try and the total for the 000 000. Imports promised to exceed $300 from whuh exchange rates have manifested greater weakness, were the direct reflection of demoralized , trade conditions. MONEY EXODUS DISCUSSED. Ctiic.i go Tribune Salt Lsbe Tribune Leased Wire 21 WASHINGTON. President May Harding and members or the cabinet are concerned over the monev exodus from the country due to foreign demands for leans In the American financial matket The financial drain on the country will be felt If something Is not done to curb the delivery of actual cash abroad and $213 crease, Tim $4,2t 6 17,uil0. $69 a69 000 Aggregate -- reserve, tn reserve, $4,716 830 Rooms that can be decrease; Summary of state banke and trust companies In greater New York, not mrtuded statement in clearing house Loans, discounts, crease, $ 084 20 etc , $021,255 400, "laundered! In- $6 730 800, Z''1 AN you honestly say when you V- -' have finished house-cleanin- g that your rooms are really clean? You can never say it unless your , wals are washable. 00 -- Devoe Velour Finish put on right over wall paper, burlap or plaster gives any room a surface that can be washed with soap and water, making it as clean as a dress fresh from the laundry. 000 (Auerhaiha Main Floor.) a Fags Faurtean $84.-.36- $482 8"6 0(H -- 424 307 $ $51,-93- SEE STATE STREET WINDOWS Continued 000 428,-10- SALE STARTS AT 10 OCLOCK publication of its annual report for 192 showed total assets of $t 102 312,637, a new high record in the history of the deposits. $337 826,000,. Increase, Circulation $32133 000 increase $364 000 4 United States deposits reduced to Eliminating amount due to reserve positaries and other bank and trust companies In New 3ork eltv and I mted Hlates 0 deposits, $607,342 800, decrease, $2 600 402 Hanks cash In vault, $28 6 Trust companies ca-- h in vault, Values are so remarkable, the entire lot should be closed out within two hours. Setter be on hand at the opening of the sale. HUGE OIL PROFITS. NEW YORK. May 21 The Standard Oil company of New Jersey was classed as a billion dollar corporation today wh n $93 378 000 -- In all colors. All sires. . 1200 towels in' the sale. Limit, 6 towels to a customer. day de- de- CHECKS FANCY BORDERS -. mav have discussed tn bring this about, was not disclosed Of course, the administration realizes that it can only exert its moral influence lit the matter bu it was said that there would be some development In the matter of exeeut ng the administration s purpose within a few $10-88- 679 AND the administration feels, furthermore that American export trade also should b given every possible encouragement In view of this the cabinet today dlcussed the problem of favoring experts and the desirability of the application of the proceeds of foreign loans made In American financial markets for the purpose of exporting our commodities and th refunding of outstanding liabilities in short, the administration seeks to find a way ttf Induce American bankers, when making loans to foreign account, to Insist that the cash be turned into American goods for export or applied to oblgations already Incurred in the I nited States Any plan of ai tlon which the cabinet CLEARING HOUSE BANKS. n NEW YORK Mav 21 The actual of clearing house banks and trust companies for the week shows a deficit tn reerves of $424 930, due to a decrease Of $4 713 930 from last week The statement follows Actual condition Loans dlstounts etc, $4 623 733 000, increase, $1 660 000 Cash in own vaults members federal $1V reserve bank, $77,441,000, decrease, 341 000 Reserve In federal reserve bank of mem8 ber hanks, $46482,000, decrease, 000 Reserve In own vaults state banks and $9 279 000, decrease, trust companies, $313 000 and banks Reserve In depositaries state trust companies, $9 06a, 000. Increase, 000 Increase $111600 Currenev end banknote, $17,4 9 4mt, decrease- $464,000 New Lie posits qnd federal reserve bank York $'.5 948 400 Increa-- e $.71300 "00 44J $849 del reuse, $4 Total deposits, threads, etc,, none with holes. In first qualities these towels would sell at 59c to $1 00. JACQUARD EFFECTS STRIPES Main Floor; (Auerbachs Gold This is a purchase of mill runs, there-for- e some of the towels have slight defects, such as oil stains, skipped $10.00 THIS APPLIES TO SHOES FOR CHILDREN, FOR BOYS, FOR GIRLS, FOR WOMEN, FOR MISSES-B- UY ANY PAIR OF SHOES IN OUR ENTIRE STOCK AND WE WILL PAY YOU $1.00, $1.50, $2.50 FOR YOUR OLD SHOES, ACCORDING TO THE PUR. CHASE PRICE I Lattn-Americ- a, STATES $7.50 4 a The company has been in business but four years, and In that time has grown to the point which made necessary the increase In capitalization, and the extension of its ttvlties, according to Its officer flNEEKLY FINANCIAL REVIEW NEW YORK, May 21 Financial markets this week Indicated that further Important readjustments were to be expected tn the country recovery toward prein the war conditions Development stock market gave evidence that many irregularities which had their origin In inflated values, overproduction and abnormally high operating costs were being subjected to more drastic revision Wall street and Investors showed they had become more or lee Inured to reduced or suspended dividends, due to poor earning and increasing financial needs. Many additional changes of this eharseter were expected In the third quarter of the y. ar Under the surface, however, there was evidence That Germany s acceptance of the reparation terms was having its effect This was seen not only in the laiboads.) , exchange, but tn the strength of foreign of discount fixed by ail the lower rates STOCK PERMIT. GRANTED. reserve federal banks , T.ie state securities commission-hel- d a The position of the railroads showed NAMED AS CASHIER. some signs of Improvement arising from special session yesterdav prior to the to of The Tribune. secreJfeber C. Hicks its Special increased tonnage and the proposed wage departure MACKAV. Idaho May 21 The board of reductions, but these factor were largely tary. for California where he will investigate some companies desiring to sell directors of the First National bank of counterbalanced by th attitude of labor . SECURITIES POLICY FIXED. , Policy of the state securities commission with regard to placing in escrow Slocks of certain classes of Investment eompanlea, is adopted with the Idea of furnishing a certain amount of additional prote tlon to the I tah investor in ur-ties of these lOmpanlea The accept-ari- e of terms and the form of the escrow agreement, which is to be deposited tn each case with a bank or trust company approved bv the commission, wa approved as to form bv Harvey H fluff, attorney general and member of the state securities commission, yesterdav. One paragraph of (he preamble of -- the agreement sets forth the policy of the commission as follows 'Whereas the said se. urltles commission has prescribed as a londitlon precedent to the granting of permission to sell the securities of anv corporation that anv sevurities of said corporation Issued, trade mark, patent right, copyright process mining claim, oil permit or good wilt, or for promotion fees or expenses, or for other Intangible assets shall he delivered in escrow by the holders thereof to such bank or trust lompany as shall tie designated by the commissioner of seiuiities, under agreement that said Securities shall not be aoid or transferred dtreitlv or Indlreitlv, for auch length of time aa mav bo deaignatsd by th securities commission, and that. jn case of the dissolution or Insolvency of th corIssuing the same I he owners poration Of ouch securities so deposited shall not participate l any distribution of the as- - Devoe Velour Finish comes in oft, artistic colors that add cheer and hominess to the room. Devoe Products are proven, backed by 166 years' expert- ence of the oldest paint manufacturing concern in the U.S. Founded 1754. time-testeda- . Devoe New York Manufactured by & Raynolds Co., in& Chicago nd ' |