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Show Broadway Mining and Stock Exchange H Lot Angeles, Cal. H Special Correspondence!.) Loh Augclcs, July ?S, tVOtt; Ah cv. I of t'ws growth In Southern Cullfor. BBBI 1 1 v rif of mining stock hrokcrugn the Brood- fl j I way Mining & Stack Ejrch nugo fias beep B- incorporated and now occupies tho ' ! ground floor at SIS Jioutb Broadway TIu new fjuurteis provliju 5J0O square , (cot of Ijoor roi)iji njuj this gives to tin- I now Exchaugu tho honor of occupying ns : & largo nod pretentious ynurtcm as any I similar organization In tbu United States, n Tb Incorporators of tbu new exchange HBl I' aro Frank Q, Tyrrell, n prominent mln- 1 fug Mtorneof this city, formerly of St. HBl ( 1 Lous, Mo,; R M Blythu, a mlnu owner HBl ,i pf Tgnop)j who Is nso heavily Interested fn Manhattan and Oojdfjcld; and II H McCord, u prominent locnl mlnu owner. l Tho charter will be obtained under the bbVbbb Jw of California and will provtdo for HBi a capital stock of ft$,IO, The member- fbip wilt bti limitrd and tlm prleu of pu'inhcrshlp will hu WOO. The qunllflcn. HBl tlou for membership will he thu name us (how of ti 8au Francisco stock x Abapgc hoard and tho wall Strwt mining I (Cxr!i!g- of New York, and tc rules of I hewt exchanges for listing tocks and for I the govcrinrut of the exchange body will pu uduptvd by the Broadway Mining and h flfaek exchange. This will i)aru tio .' (irgaalifittion ou u conservative basis nfld will gUHrflli: Ita conscrvutire aud sue-yt sue-yt ecuful operation. ' Tl' facilities of tbo new exchange, It lit rllivd, will he uusurpiuised r)y any urguulratlon of Li klud in the country, or the method of buying and selling of flocks will bo coinposlu of thu best features of the leullug wiulug rxchaugei of tbo country Kspedleucy In making trausactlorm will fce tbe. motto of thu ucw body, Hpd iu ordwr to accomplish this end ntuh wlre.s will bo run into thu cciang, an opcr. (or will u employed aud the. tales, as snado at Hau Francisco, aa woll a Salt Lsku City, will ho announced. Double 'dally survico will b had from New York ape Hoaton on all of the leading mlnlug ttockft, Mich hj ftoluraet, Hecla, Grucue H. Copper, U 8 Couxolidated, Trlulty.Amal. m- jfamati'd, Auarouda and Buttu coalition In fact, tb mining stocks traded in ou tbu Now York utock vxchuuge will be i auppletncntcd by all uf tho active curbe stocks, thus giving tbo ucw exchange a wldv scope for huslncva. Ixical bonds and ktoika, bank", telepltou companies will be dealt In. ' ( Tbu exchange will adopt what U .technically called u "board call," which scans that the caller will annouueu the stock from large blauk bourdt. Au iuiportant luuovatlon in aonnectlon with tbU exebuugu will be the operation of bureau of information. ThU will bu la charge of tho ccrutary of the ex. cbsajc, and will bu luUuricd to educate tbo pu bill! in regard to ulniug ttrins. Hj The qiuntlou of current organUatiou of eompaoie.1 will hr expluiued aud workiug tuoduU of stump mills and uilue work, iuga.such as tuuui'ls, (lrifu, wiutvv and sbsflti will bo Miowu. Lectures by inluent 4Uthorltlcn on mlulug and organ, tistltju, and the hulium of practical wlfllag will be held ut least ouce a week. sasaH J.ill.lAiAiJ.AAAAAAill 111 11 |
