The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-07-13
CONSOLIDATE THE EXCHANGES

Now that the SUNNI season is N, the market slack and brokers resting up
preparatory to al active fall and winter, it might DO well Il give q little time to
considering THAT steps might be taken and what measures adopted. to broaden
the mining stock market and improve the methods prevailing in ooldneld, in
handling tho stock business.
The best informed brokers and operators all agree that there re strong In
dicatons which presage the shifting Of the centss Of mining stock speculation.
All agree that New York is ever 10 the center Of the mining stock business;
and that whore only . few short months ago, mining stock speculation was de-
the state by special legislation, nov the largest and best known hnanciers are
the biggest buyers and New York City becomes the chief mining stock center
Of the United States.
While New York has jumped into first place as a mining market, San Fran
cisco will not tamely waive her right to supremacy. True, San Francisco is not
in the financial condition of q year or more ago to dispute with New York for the
mining stock center. San Francisco. so long the recognized mart Of the whole
world for mines and mining securities, will always have q following and through
close proximity to the mines and long experience in handling mining shares, will
San Francisco has practically all the advantages Of ooldaeld, SO far as knowledge
of mine conditions 60 at least ~ compared to New York
But whore will Goldasld ''gst on" is the question, in this struggle to corral
the stock business. It must be admitted that ooldheld never IAN be the center
. community this size goes ire lot able 10 back the enormous business that Is
growing IN ooldasld ad Nevada shares; but tn ne advantage nat ooansla
making the mines and " . also have the stocks Goldhed, then. will always be in
away from IS And admitting that New york has n cinch N first place. the
struggle will nov be between 0oldfeld and San Francisco, q to whether it Will
be New York and 0oldfeld or New York and Ban Francisco; it must be on or
the other.
In strengthening aldnAd's position IS a mining took market the Arsts step
to be taken is the consolidation Of the W mining stock exchanges This sug-
geruon may moi meet thu approval OF all brokers .. either exchange, It hst
blush, but we believe it will meet the Judgment of all members Of both exchanges
Goldneld fol two exchanges; and certainly, with the two exchanges fighting and
constantly trying to block each other. there is not much hope that a larger out
side business car be expected and trading will settle down to scalpine. While
each exchange is IN fair financial condition, together they would be In superb
shape with . backing that would give thu exchange . standing anywhere in the
But the chief advantage Of q consolidated exchange would be that, by bring
Ing all Exchange member together rt IN m ossan Mua !. p m% a. n tn cs, D Dsss
are more absorbed in watching each other than in watching their respective mem
Ssrs to ss that they trsSn within, nnsu n 81 rv tSs,s n are ss Snt oms = n ~oma a nd that =.
change rn under the strhtest rules and regulations. and guaranteeing the trans
it would tend more than any n other thing to strengthen confidence and FIX
Gddhed as a permanent center for the mining stock business.