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Show UTILITY FINANCING i Public utility financing In Junu amounted to $22,903,000. For tho fllrst sis months of tho year the total was $172,501,440. J;ch month the Imlusliy has had to pay well for Its money. Tho jleld continues on t0 upward tiend. Yields a little In exciss of 7 per cent dining the flist few months of thu year hno ilsen to from 7 1-2 percent, per-cent, until, In Juno fhe bond and note Issues wcio offered nt prices to net tho Investor 7.54 pir cent, to 8.12 per cent. That It is the conscnatho Judgment Judg-ment of those who lalse this money thnt cost of money Is going to continue to be high is cvldeuced by tho fuel that bonds and notes run ror ioiii rive to ten cats at intes of 7 percent und 8 per cent. The Colnmonwtnlth Kdlsou Company Com-pany of Chicago Is one of tho most elflclenl, soundest and oldest established estab-lished public utility companies In the countty. Its flve-j ear gold notes sold to yield 7 S3 per cent., which It Is, leasounble to assume means that the money cost ut least !) 1-2 per cent. If this company must pay such .-. price for its money how difficult It must be for the public utility co.m-panles co.m-panles of the West, which comparatively, compara-tively, are newly established and sono now nnd hugely undeveloped tetrltory, to obtain money. Many of them have been compelled to all but cease any kind of extensions or developments de-velopments becnuso of the practically practic-ally prohibitive cost of money nnd j tho Indequancy of revenues to mako It possible to finance. One Western utility, Idaho Power Company, has isbiicd $2,000,000 In tcn-)enr notes at a price to )leld 8 per rent, to tho Investor. This inon ey has been rnlbed to meet tho urgent ur-gent need for more power in Its territory. ter-ritory. It has been stated that this money cost is between U.U per cent and 10 ten per cent. The development or our lesources nnd Industrial possibilities are Inter-depindent. Inter-depindent. If any one of our basic resources becomes stagnmt In Its development general doelopmeiit buffers. Our communities become less prosperous bernun pioductlon Is lestilcted. We cannot neglect tho basic resoutce or power by deii)lng to our utilities nn raining status that reflects thu piesent cost or on-y on-y wlhout paying n penalty In restricted re-stricted Industrial deelopmont. Our regulailatoiy authorizes Bhould seo to It that tales -ire grunted that will aTfoid sufficient leu'iuio to nt-tiact nt-tiact lim'gtment. |