Show BRIGHT RIGHT FUTURE FOR PACKING 1 COMPANY SEED CLOUDS GONE I Ogden Citizens Credited With Coming to Front to Insure Keeping Big BigI I Plant Here With the reorganization yesterday ot of othe the Ogden Packing c Provision Pro con con- com company pany the changing of Its name to tilt the American Packing 8 1 Provision on cori con pany pang pany and the straightening out of alt all financial matters mattera a n blight period or I Is the future e outlook for forthe forthe forthe the big bl Ogden Institution The 1 reorganization icor eor- eor was completed yesterday ata at lit R a meeting of ot stockholders held field In the tho company plant i Tho Ogden stockholders rs succeeded to doing just lust what hat they had planned ll Bald said ald J H DeVIne attorney for the tho packing company this morning la JI keeping the big packing plant an Og- Og Ogden 0 den 0 d den n It was as agreed that the tho stockholders keep the A common stock stoel of the while the U Lt common stock slack b be given osei oel to the creditors Ho lion However ever ver the lie stockholders rs have an option through which they th y may pur purchase hase the B D common st from the creditors or from others In Inthe inthe Inthe the event o of a transfer transfer nn the next nett 1 five e years ears The The stockholders went nt Into the tho re- re re re organization plans determined to save the Ogden Industry Th They y succeeded In every 1 detail Under the present pI I ices ices- plans which 1111 have e b bAh n be Ah thoroughly In esl by many east east- eastern east eastern ern rn bankers reports ha have e been made by thes these financial Inter Interests st that cast I the new corporation will lit b be able to one oae of tho the best financial of any packing packing- packinghouse house In the tho entire I States J James mf's Brennan general al manager ot of the packing company compan com pan today declared J the tho prospects and future outlook for forthe the fhe corporation now I Is bright with Ith financial clouds cleared away He lie sold said that the results of the me meeting yesterday were most gratifying and that the thu Ogden came to tho the front and saved ad the cor- cor cor The period offered by the future Is one ono of unusual promise Mr Brennan said aRId Demand for tor melt meat ard alc meat products Is rapidly Increasing s as the p people ople get back to the pr prewar ar ba- ba basis ba basis sis of ot Ih living he as asserted and a n bet brt- better ler ter teris market In the coun conn- country try is developing de each day dav da Itry California Mr 1111 Brennan said Is 0 o o fering a a fair market for surplus busi busi- business bu business l- l ness neBS the adjustment of freight rates some time tilDe ago laa hawing having Ing opened this market marlet to Ogden den Additional freight r adjustments tiro re now being sought which If granted will 11 open a wonder wonder- wonderful wonderful ful market In the future he lae declared |