White Pine news weekly mining review. [volume] (East Ely, Nev.) 1910-1920, 1914-10-04

III agra.
This is one of Mrs. Gilbert's con-
GLIDING remarks in describing her
trip at the Hotel Stewart:
Il have had an interesting time.
but | would not advise many girls to
undertake it. If % a do some
thing or have some accomplishment
that commands money. IL is all right.
But you have got to make good.
There are people from Missouri all
over the globe
Effort Q Open Stock Exchanges.
According to Louis B. Wright. a
mining engineer associated with some
of the largest copper operators, who
makes his home in New York. there
is a movement on to reopen some OF
the big stock exchanges. Mr.. Wright
arrived In Salt Lake City, Tuesday
and left the next day to inspect some
Western mining properties. says the
Telegram. He will return to the east
within a few days. and says before he
left home il was the consensus OF
oupinion that too much trading had
been going on among brokers which
should be under the direction of the
big exchanges.
Mr.. Wright said that a number OF
people we're frightened owe the pros
poets of being unable TO realize on
the investments as a result of the
frequent declarations that the war
would be waged for several years in
Europe. He said that most of the in
fuential members of the exchange
believed that IL would be better for
security holders Il keep the ex-
changes closed until some idea could
be obtained of what the outcome
would be. He said that II the ex-
changes we're opened up at this time
there would be a rush of sale orders
that would be ruinous to a big num-
Der of people, as there are a great
many who would be forced to sacri-
fee their holdings at any price Offer
ed.
A letter regarding trading by the
committee of five dealers in unlisted
securities. composed of A. c.
Gwynne, F. H. Hatch, A. H. Lockett,
E. r. Mccormick and H. B. Smitherse,
chairman, follows:
The undersign, after comforting
with committee of five of the New
York stock exchanges and with their
approval have consented to act as a
committee TO supervise trading in
all stocks not listed on the New York
stock exchange.
1t has been deemed advisa BILE that
trading be permitted in unlisted
stocks at prices representing moder-
ate concessions, where necessary,
from those prevailing on July 80
provided il is not considered harm
full to the general situation.
The committee will meet in room
of New York stock exchange from II
a. m. to IL daily. except Saturdays
for advice on any case where they car
be of any assistance.
1t Is the understanding hat those
trading in unlisted stocks should be
directly governed by the following
recommendations:
1. All those desiring to buy o.
sell unlisted stocks are requested Il
send a list of their requirements be
fore Il O'Clock, September %, Il
committee on unlisted stocks at New
York stock exchange.
?. II is thought that DEALER
should be free to sell such stocks 70
cash, to investors. upon obtaining
permission and at not less than mini
mum price named by committee.
II Is of the utmost Importance tina
minimum price named by the com
mittee.
3. All such proposed trade
I SIOuiQ EE ioiu h0tOA1 1ohia'att(1 "
unlisted stocks.
1t is of the utmot importance tina
the spirit which has been maintainel
by bond dealers who are not men
hers Of the stock exchange should b
extended to dealings in unliste
stocks ana for the time being no Gil
%cuIars should be SEN out quoting an
Irice.
Scores of houses took advantag
!, of opportunity to trade in unliste
securities at the first meeting of tn
committee on unlisted securities
Bids and offers were submitted i
large numbers and committee foun
/, itself swamped with business almos
!, before il settled down TO work.