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Show S UpalCo Issues Annual Report ' SALT LAKE CITY Utah Power & Light Company earned the equivalent of $9.40 per share on its outstanding preferred stock during 1943 but because of bookkeeping entries ordered by regulatory bodies found it illegal to nay any dividends after July 1, according to the concerns annual report to stockholders just off the press. These book entries, the report shows, left an earned- surplus deficit of $3254 1,830.04 as of December 31, 1JH3, for the company and its subsidiaries, the Western rado Power Company and the Utah Light & Traction Company, and so long as Jt exists it will be illegal to declare dividends. However, the Securities and Commission has ordered the company to restate its present cap-tstructure consisting of common and preferred stock into one class jof stock, namely common stock. The report points out that this - ) . t -- t I . Ex-ch- i f an al i i i f -- i' 1 this restatement of capital will remove the book deficit by charging it against a capital surplus to be created by writing down the stated value of the companys stocks. "This will be done as soon as due protection of the stockholders interests will permit, the report continues, as "Your directors are anxious to clear away these accounting troubles, fully realizing that the preferred , stockholders should receive earned dividends at the earliest date consistent with the safety of their investment in the Company. The report, signed by George M. Gadsby, president and general manager, listed the income from the combined companies for services at $18,700,383. Against this were expenditures of 13,015,2.17 lid in salaries and wages, paid for fuel and power purchased, and 1,847,011 spent for other supplies and expenses. These, with appropriations to reserve and for interest, brought the total spent ' to 312,880,(133. The years taxes amounted to $3,312,-29- 3 eaving $2,308,057 available for 09 or retained as preferred dividends as assets. ' Mr, Gadsby detailed events of the past year, incuding hearings before various commissions which he estimated accounted for 74,500 manhours of officers and emnloyes He explained refinancing time. roceedip- -s whereby $44,000,000 of onds were retired and $12,000,000 of new bonds issued at a substantial savings in interest. "Electric service is unratioped and its quality unimpaired, the report states. "The increases in total operatings revenues have come from activities. Higher operating costs have accompanied the increased revenues, and the earnings which remain are largely drained back into the federal treasury through the federal taxing syswar-inspir- ed tem. The report pointed out that completion of 50,000 kilowatt ' steam-electrgenerating plants at the Geneva, Steel works and by the Utah Copper compnny further strengthen-'tfi- e power resources of the area. The Power Campany and its sub- - ic nu THURSDAY. JUNE 1. THE WEEKLY REFLEX PAGE SIX powder and paint On the Beami (in play-pok- er "Forty years ago we remember when eggs were 5 cents a dozen; butter' was 10 cents a pound; milk was lo cents a gallon; the butcher the girl the not gave away liver and treated kids with bologna; the hired received $2 a week and did washing. When women did sdiaries employed 1951 persons fcs of last December and 537 had been with the organization 20 years or more. The report lists the names and branch of service of 305 employes now with the armed forces. At the close of 1943 the three companies served 140,372 custom-er- s with electric service, an increase of 5,531 over 1942. Its miles of electric lines, all voltages, increased 111 miles to7.088. During 1943 the systems generating station output, including pur chased power, was 1,482,824,000 kilowatt hours of enr genay.i kilowatt hours of energy, an increase of 103,025,000 over 1942. . public), or shake smoke, vote, the shimmie. Men wore whiskers and boots, chewed tobacco, spit on the sidewalk and cussed. Beer was 5 cents a glass and the lunch free. Labor- ers worked ten hours a day and never went on strike. No tips were given to waiters and the bat check graft was unknown. A kerosene hanging lamp and a steroscope in the parlor were luxuries. "No one was ever operated on for appendicitis or bought glands, aiicrooes were unheard of; folks lived to a good old age and every year walked miles to wish their xriends a Merry Christmas. "Today you know, everybody rides in automobiles, or flies, plays golf, shoots craps, plays the piano with his feet, goes to the movies nightly, smokes cigarets, drinks corn juice, blames the high cost of living on his neighbors, never goes to bed the same day he gets up, and thinks he is having a hell of a time. These are the days of suffragettes, profiteering, rest hogs, excess taxes. Griffith. WHERE TO BUY WHERE TO IN OGDEN CO- As a help and as a guide to the people in this area, we suggest that you keep this directory for easy reference to save you time and effort while SHOPPING IN OGDEN UJJTTBTr OGDEN BUSINESS gn a.UTfco.A C. Cl DISTRICT TUa map to la aU pm mtatac tka lataH.a .( aT tUa Mnrtarr, C. In I. wan Baliakla Faraltara HETrsTr' M a zM Paat vi v. V' :' v If. V v: ' . v:. :? v i V M ' v. h ft y) M 1l il. J J u -- ... " U w. Ui ; ' y ";' ' 0 I OTftoa umifr1 H Z ' 2 a 1 tire sf. 1. I MAKE IT DO I I v-:..- P Fix it yourself ; " V . 1' ! 1 s 2. Tweedies Mademoiselle Buy just enough food for your family. Then use up every scrap. Theres enough to go 'round but none to spqre. Waste maxes food prices soar. i BEN RICH Destroy extra coupons into debt V if i A I ? CLOTHING CO. 370 24th SL j - Welcome, New Residents of Davis County ! SHOP and SAVE at Where Women i Shop in Confidence SEARS 2337 Washington Bird. IN OGDEN Shun black markets settle up your old debts. Pay as you eo and you'll keep tne ; er I need. And I Watson-Tann- . . . MAMAX j Don't go into debt for things you don't abso-lutcl- y ". Shoes Stetson Hats Interwoven Sox S DO WITHOUT ! .... Nunn-Busc- h WRIGHTS INC. Dorft get i er Griffon and Society Brand Suits Wilson Bros. Furnishings $5.95 $6.50 $6.95 $5.00 de Air Step only what you need. If you have ration coupons left, tear them up. Your coupons are simply insurance that you'll get what you need if you need it. If. you don't need it, don't buy it. . features Life-Stri- Buy s Watson-Tann- nothing but nationally advertised famous makes of shoos in our stock. . . . Eat it all up scarce foods bids prices up, and you'll hove to pay them. i . FINE LADIES' SHOES avarp pair. Goods art scarce. Needless buying of J 1ITH 8T. Taa cat faaraataaJ flttiaf aa Don't buy navi, things. Repair tne old ones. I V B14 Don't throw things out. Wear them out. If you buy things you don't need now, you will have to pay more for the things you do need later on. r r City-Cam- ty Make it last :, Pay no more than regular ceiling prices. Pay more and a black rou're supporting boosts prices and cost of living down. robs others share. WRIGHTS, INC. of their rightful Women's Apparel and Accessories 3. SAVE YOUR MONEY i Protect your family and yourself for tomorrow and keep prices down today by using your money to provide for the future rather than to compete for scarce -- $ Put it in the bank : Put it in War Bonds ) Start a savings account.' Then you'll have it for any emergency. And then it can't compete for scarce goods, and force prices up. V. V The Shopping Center for New Comers and Old C. C. Amdersoe ' Friends From Davis County . t r . And keep them. Every dollar in War Bonds is a dollar less to bid up prices. Pvt your money to fighting the war and building a sound America for peace. Use it up . . . wear it out . . , make it do ... or do without COMPLETE HOME FURNISHERS iu . . . C. ANDERSON CO. INTERMOUNTAINS LEADING DEPARTMENT STORE COMPLETE HOME FURNISHING READY TO WEAR MENS WORK and DRESS CLOTHING EVERYTHING YOULL NEED AT ONE STOP! YOU CAN CHARGE IT AT C. C. ANDERSONS 2265 Washington Bird. . Dial 577S - nf K"' Washington Bird. - goods now. -j ' t 2341 Put it in insurance Free Delivery QD rvrr 1 , RELIABLE FURNITURE CO. .li I wVJII FARMERS UNION f Layton SALT LAKE-OGDEJ- T TRANSPORTATION O.P. SKAGGS i Layton CO. Union Truck Depot Salt Lake City THOMAS LUNCH "Sunset Kayarille, Utah CLOVER CLUB FOODS COMPANY Kaysville KaysviUe- - SMITH BROS. CO. LAYTON SUGAR CO. i Layton TBIS JDrMXTlSBUMT TltriXZQ VffDBX TBS JUSTICES OF THE WJR JDFERTISISC CQUSCIL THE OFFICE OF WJE ISFOEUJTIOS JND TBS OFFICE OF ECONOMIC STJSIUZJTION. IS Washington Blvd. THE WEEKLY REFLEX 106 South Second West St. v 2276 COOPEEJTIOH WITH J SMITH CANNING CO. Clearfield Meet Your Friends BOYLES at the Bank Smokery . Furniture and Carpet Billiards Co. Tobacco 2313-231- 5 Lunches Wash. Blvd. Payroll Checks Cashed ' e The Store With the Friendly Doors 2331-3- 9 Washington Blvd. |