Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1903-06-13
TONOPAH BONANZA.
SATURDAY, JUNE ID. 1903 !
salt Lake Wants Business.

Broker c. E. Hudson has returned
from an extended visit to the coast
and is minging with the members OF
the stock exchange While in San
Francisco he took in a session or two
of the new mining exchange which
was organized to make feature Of
Tonopah stocks. 1t is doing some
business, Mr.. Hudson states, but he
is firmly convinced that right here IS
the place to make a speciality Of To
nopah and all other meritoriOus Ne
vada stocks. He believes that by
adding several of the best OF them to
the local exchanges list, Salt Lake
can be made to command the market
in them just as Boston controls the
copper stocks Of the country. Salt
Lake is in much closer touch with
the investment centers Of the east
than Is San Francisco. T ex-
change membership and brokerage
fraternity generally already boast
strong western clientele built up by
catering to the requirements of the
large army of investors who have gone
into Nevada stocks. II the mining
companies of Nevada cannot be CON
WINGED that it is to the advantage Of
their shareholders to give them
market here, Mr.. Hudson thinks it
would be good business for their
stocks anyhow and thus convince the
company arrangements that right
here is the place to do business. The
matter will be brought to the atten-
ton Of the president and board of
governors of the exchange without
delay.-Salt Lake Herald
The question of listing number Of
the Tonopah stocks on the local ex-
change is at present agitating the
brokers and mining men generally
The directors Of the stock exchange
this morning, at a special meeting,
referred the matter to the listing
committee, after a discussion in
which several of h e members
strongly urged the advisability Of
listing the stocks. Just now the San
Francisco and Tonopah stock ex-
change is out OF favor with the To-
nopah operators and investors, which
makes the present an excellent time
for the local exchange to establish
itself as the central market for the
Nevada mining industry. Said a
prominent mining man to-day: 1.-The
exchange could not do better than 70
list the Tonopah stocks now, The
stocks proposed to be listed are:
Montana Tonopah, Tonopah, S al t
Lake Tonopah, Belmont, Rescue,
Paymaster, Midway and Fractions.
Salt Lake Telegram.
The leading Tonopah stocks will be
called on the Salt Lake stock ex-
change The listing committee of
that body has not yet made definite
decision in the matter, but there is
no doubt but that favorable action
will be taken The committee has in
its possession a lengthy petition
signed by nearly, if not all the lead |
ing brokers, asking that the merito.
rious stocks of the camp be admit
ted. San Francisco brokers are
an effort to capture the
business, while Salt Lake. in many
respects, is more favorably situated. !
This city is the real mining center OF
the west and is every day gaining
more pres tige with eastern clientage.
Among other things eastern invest
ors can save several days time in
transacting his Tonopah business
here. Quite number of the Tono-
pah companies make their head
quarters in Salt Lake Among the
stocks it is proposed to have listed
are the Tonopah, Montana Tonopah,
Salt Lake-Tonopah, Tonopah- Bel
mont, Paymaster, Midway, Rescue
md Tonopah- Gold Mountain. Desert
News.
In 1893 the gold production of the
United States was $35, $50. 900. in