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Show SILT LAKEEXGiWKGE "r! TO LIST OIL STOCKS : j,H, W. Lane Elected Presi-; dent, of Organization for j Ensuing Year. J SECRETARY RESIGNS j Official of Body for Past i 19 Years to Enter Busi- ness Field. Simultaneous with Hi" hoiiou moment mo-ment yeMordiiv of th names of the officers :tml mcmrs "f ht hoar. I of jrnwrnors who sra to -i i n---1. tin: activi-tins activi-tins of th fin II. Lake Stork & Mining exchange '"r thf; ''nsiiint! your, came the information that, oil Mock are to ho given a place on the exchange, be-pinning be-pinning tomorrow. The members of the board of governors gover-nors were elected at the annual mooting moot-ing of the exchange members, hold at 1 o'clock yesterday afternoon. All oM members of the boaH wero re-electoil excei, t M. P. l.iraffet, president, of the exchange for the past year. W. H. Chil.l was elected to tho board to succeed suc-ceed Mr. Brat'fot. Tho other members mem-bers of the board nru George Baglin, If. P.. Cole, F. C. Porn, 1".'. .(. Kvans, J. A. Hogle. IT. V. Lane, W. P. Nebcker and S. It. Noel. The new board met. immediately at-I at-I it tho election ami organized as follows: fol-lows: 11. W. Lane, president.; W. I). ebeker, first vice president; .f. A. I (ogle, second vice president; II. H. Colo, trustee for three years. G. P. Norton was re-elected treasurer. Secretary Shorten Resigns. In this connection it was announced that. .1. A. Shorten, connected with tho exchange for the past nineteen years, had tendered his resignation as secretary, secre-tary, effective February 1. Mr. Shorten announced that he desired to seek a new lino of activity, after taking a 1 brief rest, during which ho expects to ' visit the Pacific coast. The board, being be-ing unable to induce Mr. Shorten to continue as secretary, accepted the resignation res-ignation and will meet tomorrow for the. purpose, of selecting his successor. While the new board was at work it. attempted to clean up everything for an active campaign, and the following committee chairmen were designated: V. T. Nebeker. committee on arrangements; arrange-ments; F. ('. Pern, arbitration; J. A. 1 llogle, membership; V. II. Child, listing; list-ing; George Baglin, rules. To List Oil Stocks. To further clear the decks for action, the board immediately voted to list, oil stocks. To this end a list of approxi-: approxi-: niatelv forty oil issues had been selected se-lected to be placod on the board, to ! test out the sentiment of the public, , pending the completion of arrangements arrange-ments for listing. Until such a time at least as it is decided .just what oil stocks will be issued, there will be a separate call for oil stocks at 1:30 o'clock each afternoon, beginning tomorrow. to-morrow. The oil stocks called tomorrow or until un-til the permanent list has beeu arranged ar-ranged will not be considered as listed, but are considered meritorious issues bv the board, following a somewhat limited investigation. A more thorough thor-ough investigation will be conducted immediately and as soon as oils are well established on the exchange, a regular listing application will be drawn up and a fee of $2o annually, dating from January 1 to December HI, will be charged for the permanent listing list-ing of oil issues. The listing of oil stocks on the exchange ex-change has been under discussion and consideration for several months, but definite action by the board was deferred de-ferred from time to time and finally it was dismissed until the new board had been dosis'uated. Within the past few weeks there bas beeu a steadily growing grow-ing sentiment among the brokers oner-atiug oner-atiug on tho exchange that Salt. Lake was slated for a big oil boom this summer, sum-mer, and they began a rather vigorous campaign, looking to immediate action. ' As a result practically everything incident inci-dent to an experiment in oil stocks was prepared and ready for yesterday's meeting. HW. LANE, who yeter-jj day was elected presi-; (lent of the Salt Lake Slock! & Mining Exchange for the! ensuing year. Ts. f ' I ' , ' 1 - . ' |