The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-08-17
1xrEa11rx OF rxE "cuzs"

WHY'S ND WHEREFORE OF Il CURB"
The Why m whera0res of the "Curb'a are easily explained 1t AFFORDS a
the big exchange house very frequently. nut more often lately. by Curb houses
themselves 1t affords a recognized enter for trading in stocks TIL promoters of
which, 10 Tot care to comply with the ruling of thu New York Stock Exchange m
stngs-the Standard Oil mpan being an Husuiouse xamp OF this character
Last. ut nt least. it furnishes safety valve for he big Exchanges an ands
al a formidable barrer to n new asnrant for premier trading onGs
HI Stock Exchange recognizes that it must have a monopoly of trading to
apathy. like thu present. up to round 100000 in boom times. like a year back
TIT Board of Control also believes in the principle thai it is easiest to destroy
possible opposition at he very start rather han wait for some tangible proof
hat it's sway is challenged.
The case of the last attempt to start a mining exchange made about a year
90. will illustrate the tactics pursued " the Stock Exchange in killing OF pros
lpectver rivals
AM Stock Exchange housesw vas the crux of the situation. being the chief assets
If The former which If deprived OF would be pit to tut them nder disadvantages
toe great tic successfully conduct their business This gives the Stock Exchange
the upper hand in no uncertain degree
THE OLD MINING ExCKAM0E
For several years por to the SPRING. of 1906. New York had a so-caned mining
exchange which managed in some uncertain name to exc ut a rather miserable
existence. The beginning of 1906 saw the start OF the first big boom in the God-
field stocks. under the leadership II the 10 almost forgotten Kendall and Sand
storm Mining stocks enjoyed some heavy trading u to the Frisco earthquake
in April. Conditions OF the Curb were found to be far from desirable or suit
able by tn mining men,. chiefly because the polio regulation abohshed Curb
trading at oclock. while trading vas actively continued b the mining men until
after 6 O'Clock, I'm lime until my old hour Of the night or morning. as m
promptu meetings were held at the Waldorf AstUia.a after dinner.
1t Their cam bout that thu mining men frsook the Curb adjourning to the
almost forgotten mining exchange
Al these brokers' we're without stock Exchange wire connections NJ action
oould be taken by thisa g body. Grown bold by a fancedi immunity, plans
were formulated an put into enectw whereby the mining exchange was movedto
cmces directly opposite he Curb meeting place Several Curb" brokers' with
wire connections were prevailed upn to join private telephones to the various
brokers belonging to the mining exchange were installed. seats sold above soo
brokers buying seast on speculation Tin fact several Goidheid brokers md gam
blers purchased seats. one Of IN latter a present wen known sport" "welchins
laer on when the crash camel. Things ran along smoothly for bout We weeks.
when the edct was issued b. tn Stock Exchang governors me day. about 3
O'Clock. wnhou warming calling for. the signauo of all Curb brokers from
the mining exchange nde penalty Of losing theirw irec connections This amt
like holt from the blue" and sounded the dealthk nen of the reborn mining
exchange
TIE 1uxs or TIE OLD zxcxAxos