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Show An pprttiiity to Invest In Stock of Utah Power & Light Co, According to reportH from various sections of tho state, including this locality, tho customers of tho Utah Power & Light company aro taking mlantago of tho Interesting announcement an-nouncement mado by tho company last week, that n now department has been inaugurated by that concern, con-cern, through which tho company's customers may ncqulro partial owner-hhlp owner-hhlp in tho company by tho purchase-of purchase-of tho company's preferred stock for cash, or on tlmo payment. To obtain more general distribution distribu-tion of stock the residents sorved by tho Utah Power & Light company and especially to permit customers to becomo financially interested In tho corporation, tho directors havo authorized au-thorized for tho first tlmo a salo of preferred stock direct to customers on a cash and a partial payment plan. Tho company announces that this stock Is Utah Power & Light company 7 per cent cumulativo preferred stock of tho par aluo of $100 per sharo. Tho officials call attention to tho fuct that during tho past yoar or moro customers havo ncaulrwl an cx-tenslvo cx-tenslvo ownership In tho organization through tho purchaso of this preferred pre-ferred stock at tho open market, tho aggregato par value of this stock owned b tho residents of tho terrl- tory served being moro than ? 1,300,-.000. 1,300,-.000. Tho Utah Power (L Light company's holdings aro considered tho largest and finest electric servlco proportlo3 in tho country, moro than 61,000 customers bolng served In a territory ombraclng southeastern Idaho, northern north-ern and central Utah and western Colorado, with a total population estimated es-timated at 290,000. Throughout this territory this company furnishes electric light and power servlco In moro than 150 communities, com-munities, Including Salt Lake City, Ogdon, Provo, Logan, Park City, American Fork, Curoka, Bingham, and Lehl, Utah; and Idaho Palls, Boxburg, Preston, Montpeller, Idaho, I together with gas servlco In Ogdon, Utah. Through its Colorado subsidiary, subsi-diary, tho Western Colorado Power company, tho company supplies electric elec-tric light and power servlco to Dur-ango, Dur-ango, Montrose, Ouray, Delta and other communities of western Colorado. Color-ado. Tor twolvo months ended July, 1017, tho company expended for construction con-struction and oporatlng wages only, In tho territory served, $2,399,002. Tho company's taxes for tho year 191C amounted to ?2G2,12G. |