The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-04-24
STOCK EXCHANGE
MAKES A MOVE
Committee Leaves for Coast
Today to Invite San Fran
cisco to Do Business Here.
LOWER MAMMOTH SINKING
CARISA STRIKES FINE COPPER
ORE ON 700 LEVEL.

At a largely attended meeting of
the Salt Lake Stock & Mining exchange
yesterday afternoon the president of
the exchange, James A. Pollock. was
authorized to send a committee to
San Francisco today for the purpose
of offering the members of the ex-
changes there an opportunity to join
with the Salt Lake institution and han
die their business at this point.
Charles E Hudson, who was been
operating on the San Francisco board
for long time past, and w. H. Clark,
the Nevada mining operator, addressed
the meeting and briefly pointed out the
necessity and wisdom of making 1t
possible and desirable for the San
Francisco brokers and exchange mem
bers to jump in here and go along
with their business. Following the
big meeting President Pollock and the
governing board got together and de-
cided upon a plan of operation that
would be in a harmony with the wish
es of the members, as expressed at the
meeting.
As a result of the conference Presi-
dent Pollock, with the few hours at
his disposal, undertook the formation
of the committee, the idea being to
have the banking, mining, brokerage
and business elements of the city rep
resented. At s O'Clock Frank Knox.
president of the National Bank Of the
Republic, had been selected to repre-
sent the banking interests; E. CT.
WOOley. Jr., was named to represent
the local exchange; w H. Clark, the
Nevada mining operators, and G. Z.
Hudson, both the Salt Lake and FRS
co exchanges. At the hour named Mr..
Pollock had not been able to secure
a representative of the business men
of the city, owing to the difficulty eX-
perienced in finding some one quail
fed who could spare the time He
will continue his efforts and, if unsuc-
CesSful, the committee as named will
go on the noon rtain anyhow.
The proposition presented to the San
Francisco exchange members will be
that as many of its members as are
willing and DESTROYS of coming to this
city 20 continue their business will be
accorded membership in the Salt Lake
exchange. and that the stocks listed
in san Francisco will be transferred
to the Salt Lake board and handled
just as are other stocks at the present
time
1t will be pointed out by the COM
Inittee that is going down to make
the offer that the change as not Sug-
gested with other than the best of mo-
tives; that it is realized that it may
be weeks AM possibly months before
the business can be properly handled
in San Francisco again, and that every
DOuy mere SlelIluS Ieduy TO 90 every
thing possible TO help out in a bust
ness that cannot but suffer through
delay.
The first class wire service from and
into this city Will be fully explained
and the attitude of the bankers and
their ability to handle the business of
their clients viii be just as fully ex-
planned. Requests have been pouring
in from Nevada that something of the
KIND be done, and New York brokers
have urged that the holders of Ne
Vada stocks protect their own best in
terests by holding on until matters
can be adjusted and the market re-
established. Big Nevada opera tors.
both in the east and in the state where
the mines are located. have signified a
willingness and intention to support the
market under these conditions, and the
belief is expressed that the committee
viii return from the coast by the end
Of the week with the information that
it's errand has been successful