Show MINING EXCHANGE GREATEST IN WEST Establishes Preeminence by Increasing Business in Quiet Times RECORD OF 1909 DEALS LARGEST IN HISTORY DESPITE FALLING PRICES Where mining stocks stock are traded In Into Into to any extent a stock exchange Is a necessity It is a great convenience and It provides the only means by which anything like a stable market price for any security can be the system upon which such exchanges are operated Is not perfect the conditions which they create are taken ad advantage advantage vantage Of by unscrupulous the in the Interest Or to the disadvantage of certain tain tam securities but as a a rule quota quotations are ato governed by the public de exchange Is not expected to tomake tomake make prices The Salt Lake Stock MIning ex cx exchange change during the last two or three years has sprung Into prominence as the most mort Important mining stock ex cx exchange change of the country outside of Boa Bos Boston ton This has been made possible by reason of Salt Lake City being the natural mining center of all the west the place toward which gravitate those Who deal In mines in mine securities In mine supplies In that respect It oc occupies the position in the west Boston and New York together occupy In the east The Salt Lake Stock exchange proved Its Importance and standing by sur surviving unscathed the so called panic year It was vIrtually the only ex exchange exchange change In Ia the country which had a strong growing market throughout the year 1908 During that year yeat near nearly nearly ly every issue listed or traded In on this exchange showed a marked ad of them from 60 50 to lOO lOOper per cent advance Upward Movement Is Due DurIng 1909 however when general business conditions had bad materIally Im Improved Improved proved the situation as to prices of local mining stocks was reversed there waS steady and In many cases rapid decline of prices This condi condition condition tion was brought about by Il a combi combination combination nation of causes chief of which was perhaps that the rapid advances In some Issues resulted In tion and when came the Inevitable reactIon frightened Investors turned to real estate to which the better times I gave chance for a new movement Despite the prIces however the volume of business transacted on the Salt Lake exchange was larger In 1909 than It was even in the previous banner banney year of 1908 1905 The situation at the beginning of 1910 Is virtually the same as It was at atthe atthe the beginning of 1908 PrIces of all mining issues are apparently at about their lowest ebb many of them being below actual values of the mines they represent The natural Inference Is that there will be another upward trenda movement for which there Is ample caise In Improved metal market Continued on Page Three S MINING GREATEST IN WEST Continued from Page One conditions and In the general pros ot of the mining Industry The business transacted by the ex exchange exchange change last year by months together wih with comparison of oC the years ears business wih with those of the five fhe years preceding showing the remarkable growth during that time are herewith 2 presented d di i Shares Val v iii January February March April f May f June July Juh August Auguet September October f November December t Year lear 1909 2 95 0 Year 1908 Year 1907 Year 1906 1006 Year 1905 Year 1904 Years High and Low Marks An interesting showing or the years ears transactions In the active stock deal dealt In giving the high and low prices ot of the year and the number ot of shares ot of each which changed hands Is presented In tile following table prepared by W WH WH H The low points I it may maybe maybe be said were In almost al all cases made at the close ot of te the year 5 Capitalization S Quotations No Par pan pany I i i I Years Shares Value Low High Sales j 25 i 38 10 Con 1 ii 89 Amalgamated h 09 25 10 Jack S 06 45 Bullock OO io 50 50 Cedar Talisman 04 o 09 20 Colorado f 68 Columbus 62 10 Crown Point 27 04 Dragon 10 Iron io 10 47 10 East Crown Point OU 06 o 10 East Tintic Consolidated oo io 10 10 East Development 04 23 Ely gly Calumet 1 Central io Ibex 02 1 13 10 Indian Queen 02 13 10 Inyo 04 11 10 Iron Blossom 58 Iron King 12 26 Keystone 20 32 50 King David 40 lO so King William 12 42 Lite Little Bel Bell 10 Little Chief 15 65 Lower Mammoth 19 55 Day 1 14 29 Valey Valley 10 Mineral Flat 00 16 Mountain Lake 03 47 Nevada Hils Hills 61 New 02 18 1000 Ohio Copper 15 25 1327 Metals 03 28 04 22 Prince Consolidated 88 10 05 f 15 l ed Warrior even Troughs 22 Siver King Coalton Coalition 50 Consolidated 28 Consolidated S 02 Si Extension 00 Columbus Consolidated ed Os 05 59 10 South Iron Bossom Blossom 00 10 central 04 Tintic Combination 02 09 Uncle Sam 40 80 I 25 Utah Con M I M 03 50 Victor Consolidated f f on 04 1 14 2 02 5 Nevada 12 lZ 62 10 33 Yerington Copper 01 09 UNLISTED Bingham Central Standard 30 38 Witch 25 40 1 00 Federal Ely Ii 11 23 McDonald Ely 25 45 12 lO 50 King 16 1 Standard 08 1 11 I 1 1750 Builds handsome lome home Added eVIdence that the Sal Salt Lake exchange Is established upon enduring basis was given by It Its having during 1909 a magnificent new building for a permanent home The building was as planned and constructed especially for exchange purposes I It I is provided wih with a spacious cal call room with for tor visitors offices for forthe forthe the various officials are conveniently arranged and a number ot of orrice suites provide ideal quarter quarters for tor brokerage firms The building of the new home was made possible by Samuel Newhouse having made the exchange a present of the plot Vlot ot of ground In Exchange place upon which It stands 3 The exchange has a membership ot of sixty and at the prices at which mem have recent recently changed han hanjis s around fuI full value ot of the seats IS said to be represented by the value ot of the realy realty holdings of at te the or organization |