Show Oil EXCHANGE X HAN IN SALT AlJ LAKE lAK TO OPEN DOORS IH THURSDAY OAi Historic Buffet of Hotel Utah Is Transformed to Meet Requirements of New Local Institution InstitutionS LT LAKES LAKE'S first S SALT exclusive c oil exchange and arid board of trade will begin operations Thursday What once was the historic buffet of or the Hotel Utah has been completely com corn transformed an and hereafter will will be he a mart for the public buying and scum selling of or shares of oil companies The greater portion of the heavy and expensive e furniture and fixtures originally installed has been removed and in Its stead has been placed others required for forthe forthe forthe the operation of or an exchange and the ac accommodation accommodation accommodation ac- ac f of patrons The Tho main part of the room Is fort forty feet wide with a depth of or sixty feet At th tho rear is a spacious lounging ln and smoking room handsomely fitted up UI with great chairs and settees and this room with the furnishings now Is a part of the I exchange In place of or the Immense plate gla glass mIrror mirror mir mIr- there has been Installed 1 a call board and stand standing Ins in front of this board at 10 o'clock Thursday morning W. W G. G tyre tre one ono of the tho proprietors who has come from from Denver Denver expressly for the purpose purpose purpose pur pur- pose of f formally opening the exchange will begin the Initial call ITS SUCCESS PREDICTED Assisting Mr Ir In giving the tha new institution the proper start wilt will bl beRichard bo be Richard L L. Hughes s a partner In the venture yen ven ture and Daniel F. F McCoy who has lias been connected with the Denver Dener Oil Exchange and Board of Trade r of oC which Mcintyre Hughes also ar are the tho proprietors and who will assist In the management of or the Salt Lake l. exchange In Jn interviews last evening tho the Joint proprietors proprietors proprietors pro pro- of or the new project declared that tho the Salt Lake exchange would be La c conducted conduct ed cC along the same lines as those originally adopted for the Denver Dener exchange and the they predicted for the local exchange the same success s as rs that enjoyed by hy the on they in the Colorado capital about a year l l' l ago They said Eahl that hat the lie operation of or the Denver exchange ha hall hail l been of or great value In promoting the tue oil Industry in the Intermountain In- In section and anti p predicted d that Salt Lake would experience a material revival In a a. business s way as tho the result of oC the tho coming coining oil boom It Is stated that th the Salt Lake exchange will be the fi firt t to maintain a publicity and information department which will willbe be Ie open to the public ImbUe giving statistical an and accurate data on all companies whose stock Is traded in on oti the tho exchange and making an Investigation of or the various companies an easy matter for or the public MUCH DATA ACCUMULATED This publicity department it Is declared de- de elated not on only 1 will cover data concerning concerning concern concern- ing the companies and the progress being made malIo In their theil various campaigns but wilt will m a acquire immediate lato Information as as' as to alt wells brou brought ht In iii throughout hout this territory and that all reports will be verified imme immediately imme- imme Hately b by a personal investigation Th It I is declared will be of immense value to all interested l In such companies From the cia lay day of or tho the formal Cormal opening the lie Salt Lake ike exchange I It is stat stated d will have o the elaborate advantage of or the already amount of data accumulated b by the lie oil exchange amI and board of or trade do in Denver It i is the announced determination or of orthe the thc proprietors of the exchange to mako make it strictly a a. local institution and operate Il it sOle solely In the interest of the oil Industry of Utah In carrying out this plan the bo be restricted tu to listing of or stocks will Utah companies pro provided a sufficient number can be ho obtained to complete the thelI lI list t and that the outside companies whose whoso stock ma may bo be traded In on th the exchange c must be of recognized stability Dr E. E D D. Woodruff president of or the Salt Lake e Security and Trust company and also president of the Utah Oilmen's association has indorsed the oil exchange in the tho following follo open letter ietter On behalf of or myself and associates I have made a a. careful Investigation or orthe orthe orthe the oil exchange and board Loard of oC trade which soon wilt will open for business In ln Salt SaltI LakeI Lake I have have In esti investigated ted the Indorsements or of the officers of this institution and have han found them to be of the highest Their honesty and integrity of or purpose I can highly recommend I have made mado a n. careful a study of or the methods as employed by this firm In Inthe inthe the tho conduct of their business and anti be- be lIe o that tho the operation of oC an nn exchange In Salt Lake will fill cm a long desired want In the development of or tho the oil industry of Utah We c believe that tho ho oil exchange should have the full indorsement and antI support sup still port of the business men of Salt Lake |