The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1894-10-16
TO FILL A LONG felt Want
Place Where Local Securities Can Be
Bought and Sold.
BOARD OF TRADES EXCHANGE
W. w. Watson, w. ii. Peck and C. D..
Simpson the Special Investigating
Committee-Many Firms Knocking
at the Door-Several May Enter.

The idea of establishing local secur-
ity exchange in connection with the
board of trade was discussed at last
nights meeting of the board. The pro-
ject was received with interest, created
some discussion and was finally re-
ferred to special committee. The
subject was introduced by Secretary
Atherton at the suggestion of several
members. 1t is proposed to extend the
buying or selling privileges to the public
generally, board members to be relieved
of any commission. but non-members to
be charged the usual brokerage.
President Mays opinion was that the
matter is one Of the most important
ever considered by the board. To nego-
tiate margin deals or become medium
of speculation, he said, is not the object
in view.
Mr.. Atherton moved that the matter
be referred to a special committee,
torney w. w. Watson, w. II. Peck,
cashier Of the Third National bank, and
c. d. Simpson.
Want to Come to Scranton.
The report of the manufacturers COM
mittee was adopted as follows:
The following concerns have applied
to us and have expressed a strong de-
sire to locate their plants in this city
owing to the many natural advantages
we have to offer them: T. w. Wheat
ley, Will1es-Barre; electric non-conduc-
tor; A. L. Thomas New York. cracker
and fancy backery; w. M. Whitney
company, Courtland, N. Y.,wagon man
ufacturers; r. & H. Adams, Patterson,
N. j., silk manufacturers; Augusta Silk
works, Patterson, N. j., silk manufac-
turers; ]. H. & d. Lake company, Mas
sillon, o., friction clutch pullies; Clay
ton Lawrence, Reading, Pa, manufac-
turer of onyx tables; Holland Radiator
company, Breme, Ind, radiators; j. K.
White, Philadelphia, tapestries and car
pets.
After investigation by your commit
tee and considerable correspondence by
our secretary we find it will be useless
to give the application further consid-
Grafton, and therefore recommend that
they be ordered filed without further ac-
ton by this board.
LAS to the Magee Tapestry Carpet
plant and the Eureka Cash and Regis
ter company, We beg to report progress
with a reasonable assurance that one or
both of them will ultimately be es-
tablished in Scranton. There are sew
eral Otner matters peHuluS OH WlllCH
we will report at later meeting
"The large number of applications be-
ing received is a sure indication that
our city is becoming known as a most
favorable place for manufacturing and
that our efforts during the present year
in the way of advertising are bearing
fruit that will ultimately be the means
of bringing many desirable industries
to this city.
LUTHER KELLER, chairman"
The Consolidation Project.
A special committee appointed to con-
slider the advisability Of consolidating
various minor boards of trade of the
city and Dunmore reported to this
effect: That in case the chairman is in
formed, the so-called boards of trade
of other sections of the city have ap-
pointed similar committees, joint
meeting will be held; otherwise the COM
mittee asked to be discharged. The re-
port was signed by ]. A. Lansing, j. H.
Torrey and H. e. Paine. Mr.. Lansing
stated that since filing the report, the
=. West and South Side boards had ap-
\pointed special consolidation commit
tees. The committee was continued
J. w. Oakford was elected to MEM
bership, the membership of T. II. Watts
was transferred to H. c. Mckenzie, and
the application of E. H. Davis and j. r.
Schlager, recommended by the secre-
tary, were received.