The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1891-09-27

Wells, Fargo & Co. shipped yesterday
copper matte 81, 700.
t. R. Jones & Co. shipped yesterday lead
and silver ore. S., $50.
Mccormick s. Co. shipped yesterday
Ranauer bullion, $40, 100; silver and lead
ores, 1000.
The Union Assay company had on hand
yesterday ten tons of Yellowstone ore.
Hodges was assaying yesterday $50 tons
of Eureka Hill, III tons of Highland and
$50 tons of Daily.
Steward was assaying yesterday $50 tons
of Eureka Hill.
A HEKALD reporter asked Mr. f. o.
Horn, secretary Of the Stock exchange yes
terday what the condition and need of the
exchange were. Mr.. Horn said:
The Stock Exchange is in a fair way to
60 down, and as mining man / would
rather give 81 900 than seeit. / am making
no money from the exchange personally.
My position is only nominal. / accepted
the position for two years by urgent re-
quest and because was willing to do all in
my power to support the exchange and am
still willing"
with whom does the fault lie of the
present condition of the exchange!n was
asked of him.
at lies first with the mine owners of
Utah who will not list their property with
10
There are 100 mines and prospect holes in
Utah that ought to be listed with this ex-
change.
Secondly, it lies with the stockholders of
the exchange, of which there are one hun
dred and only between forty and fifty aid
in its support
We boast of our rich mining country, and
yet we cannot support little l0-cent ex-
change.
Since the exchange has been organized. a
vast amount of work has been done by the
officers and clerks in publishing and sdver-
Using the mining resources of Utsh. We
have CORES pondence all over the world.
| Our stocks are quoted all over this country
and even in Europe We have tpied to
create mining boom and have nearly &C
complished our object. Never has the
| Utah than now.
The interests OF all classes of people de-
mand that the exchange be supported. If 1t
goes down it will affect the banker. dry
goods merchant, hardware merchant, the
lumberman and railroad men, Just o. much
| as the miners and stock brokers. The bus
| mess men of Salt Lake can afford TO give
| $4,000 rather than let the exchange 90
down.
Mining is the principal industry of Utah.
| For that alone is it known all ever the
world. Its agriculture would not support
it and yet mining state cannot support
an exchange at its capitol. Where is the
fault! 1t lies with Indifference Of the bust
ness men and shrewd class of brokers,
who are looking only to their own interest
If they can knock the Exchange out and the
basis and equilibrium which it gives prices,
they can dupe investors, who are at the
mercy of irresponsible brokers and fill
their own pockets with the revenue of un-
principled bargains.
The exchange is an equalizer Of prices
and establishes confidence in the people tc
make investments.
Next week a meeting of the stockholders
of the exchange will be held, which vii
determine whether the exchange shall live
or die. That is the last resort. All those
who are interested in the support of our
exchange are invited to meet with US. Il
nothing is done at that meeting for the
support OF the exchange, we shall dismiss
the clerks ana lock the doors. 1t is an i'm
portant question for the people of Salt Lake
to decide, and in great measure the des-
tiny of Salt Lake hangs on the decision.