Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1908-12-19
rT7 HE standing OF the Salt Lake |
Stock & Mining Exchange
4 Il such as to attract

-q HE standing OF tho Salt Lake
Stock e Mining Exchange
Il such as to attract
marked attention, and the In
terest is not confined to local investors.
Ii Is not claiming too much for the
exchange that it Is probably one Of
the best. il not the very best mining
stock exchange. In the country outside
OF Boston. BY its management and
methods of denling it has built up q
reputation of which the members have
reason to feel proud
There are many things that indi-
cate the good opinion of our exchange.
One of these is the fact that prominent
mining companies have sought to list
their stocks on our board, believing.
that the transactions as recorded here
will add to the merits of the companies
represented One of the most import
ant facts indicating the high opinion
held, is the. very generous gift OF Hon.
Samuel Newhouse Mr., Newhouse was
willing to give to this exchange a
valuable piece of ground on which the
association might erect a suitable
and monumental building. No act
could have expressed moro eloauently
the high opinion of the standing Of
the exchange.
WHEN ORGANIZED.
Although the exchange, which has
resulted In the present association, was
organized in the latter part of 1895,
i,,tt 70
an exchange earlier for / find in the
Salt Lake Times for Wednesday, July
o. 1891, some very interesting items
regarding the mining interests OF the
state, and a record OF the transactions
on the mining exchange. It would
seem as IL the sporting editor had been
transferred to the mining department
Of the paper. This will be easily dis
cerned from the reading of the report.
FROM THE OLD TIMES"
The following Is the comment and
the lead Of the quotations and trans
actions:
Play opened this morning from the
time the first ball was put over the
plate, Jake Bamberger taking In 100
shares of Alice from Joe Davis at s1.60.
Tho next stock to do business was
Apex, which jumped to 161a cash and
II buyer 80. Davis and Carter then
had race for a fly OF 1000 shares of
Crescent. knocked out by Stevenson
at 60; Carter muffed the ball and Davis
took 1t in. his scoop being literally APP
plauded by the occupants of the bleach
Ing boards. After that there We're sew
sral scattering hits made and at the
and of the first inning the score stood |
800 shares of stock sold. and 10000 |
ounces of. silver. The second call was
not quite so good, only $500 shares be-
Ing transferred
1t viii DO observed that there are
Jew names of stocks in the above list |
mat IRE still familiar. There arc 9th
IT stocks which have long since passed
from memory.
HISTORY AND GROWTH.
We come now more particularly to |
The history of the growth and develop
ment OF the present exchange. which i,
was organized in December, 1895. The
FIRST call was held on December 20, in
L room on Second South street, nearly
opposite the present quarters The
first president of the association was
Mr.. John W. Donnellan at one time
cashier Of the Commercial National |
bank. Some of the men who were
earlier connected witt, the exchange
are we'll known, and q few of them
are still Interested in the present or
81, Oil 10,
named as prominent in the early estab-
hshment of the exchange: John Dern,
e. II. Airs, John j. Daily, j. B. Thomp-
son, James A. Pollock, Geo. II. Robin
son, Ed. It. Colborn, Chas. II. Hudson,
r. c., Chambers, r. L. Colburn and G.
d. Stanton.
President Donnellan, in formally
pleasure to me and a privilege to call
this exchange together, and to for
mally open it for business The oc-
was further marked by speech
ss from Hon. r. n. Baslsin. then mayor
Of the city, Judge G. G. Goodwin. and
e. II, Colborn. At this formal opening
no regular business was transacted,
but banquet was served by A. Fred
Wey. The first regular call was held
December %, but the timid brokers
did not venture to make any sales.
Investors were few and the bids and Of
rerIngs were too far apart. On the
following Monday, however. December
10. ]. b. Thompson was courageous
enough to take 400 shares of Mammoth,
which Herman Hill offered. The audi
ence showed it's appreciation of Mr.
courage by good round
nf applause After this there began to
be a little more active trading during
Tho first call, for Henry Nj. Ryan took
In 1000 shares of Ajax at 4sl4c, tho
total sales for the day amounting to
200 Mammoth at sI.45 to $3.50 and
. 900 shares OF Ajax at 4Stsc
SECOND DAYS SALES.
"The SECOND days sales amounted to
100 shares of mammoth at s1.46ia and
eno shares of Dalton at 1oc. On the
third day January 2, 1896, 400 shares
of Mammoth were sold at SLATE and
250 shares of Sunshine at $40. Or
January 8, three stocks were sold, 100
Aercur at 500, 500 Dalton at a1ac, and
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