The herald., 1897-08-23
L. A. MINING EXCHANGE
PROPOSES MOVING TO CoMMoD-
IOUS NEW QUARTERS
In the Bradbury Block on Broadway
Permanent Mineral Exhibit and
Mining Headquarters

AT called meeting Of the Los An.
geles mining and stock exchange Wed
nesday, there were present represent
atives of numerous mining companies
and a number of mining men generally
to consider proposition for the ex-
quarters and establish a headquarters
and more extended mining exhibit than
the present quarters will admit of.
The proposition is not new one; on
was brought here from Denver, Colo,
three months ago, to assume the secre-
taryship of the Los Angeles exchange.
the plan has been under consideration,
but has been regarded as impractica BILE
from a financial point Of view But Mr..
Parsons who has for the past five years
been secretary of the Denver stock eX-
change, seems to have given the needed
impetus in bringing the proposition up
to a practicable form; at all events,
whatever it was or whoever is RESPONSE
BILE for the progressive step, the matter
was thoroughly considered at the meet
ing Wednesday, and so much interest
was manifested in the plan that a COM
mittee of five was appointed to take
steps toward raising the necessary
funds for making the change.
Mr.. Parsons said Thursday afternoon:
This committee of five, made up of l..
L. Allen, W. H. Perry, A. S. Tingman,
J. J. Mellus and w. M. o. Hartranft,
have already raised $700, and they arc
of A hp, Io1I Ie,rc ic in
sight, and probably the amount will be
extended to twelve or fifteen hundred
dollars. Now, what we propose to do is
this. We may rent the large room on
the ground floor in the Bradbury block
the end room on the Broadway side,
that is 135X50 feet, with seventeen foot
double entrance. There we shall make a
permanent exhibit of minerals, and we
want every mining company and all the
mining interests that want to do SO to
be represented there. We will furnish
the space free of charge and will sell the
exhibitors cabinets, Of which we already
have two promised, or they can have
them made elsewhere, so long as they
are made in uniform design.
1--WE will rent desk room to brokers,
mining men or organizations; hold our
regular daily sessions there, where we
shall have more room than here, and we
shall have ladies' gallery there as they
have in San Francisco, New York and
Denver We want to make it the mining
center for this part of the country. and
we are raising this money for the pur-
pose of fitting the room up with neces-
sary fixtures to make it a handsome, in
viting, commodious headquarters. We
shall have tables, desks, literature and
stationery, and we want to have mining
men who are passing through here, or
the resident mining men, feel free to
come there and write letters, to have
their mail sent there, and in all ways
promote interest in the exchange and in
building it up.
"The exchange already has over 100
members, and eight or ten have Joined
since the meeting Wednesday. The
change of quarters is now practically
a settled thing, and we shall probably
make the move about the 1st of Septem-
ber. The first month I was here over
$4,000 in cash changed hands in the ex-
change and over 100000 shares of stock.
The business is keeping right up, and we
have reason to feel that there is wide
spread interest in the exchange that we
mean to keep up and extend among all
the companies now organized and to
be organized, and among the mining
men generally, here and hereabouts."