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Show I The Market and the Mines f H' w The Mining "Exchange will tlo no business on experiment, later a convenience, is now an insti- j P Friday and Saturday. In that respect Friday and !J Saturday will he very much like Monday, Tuesday, Wednesday and Thursday. The brokers did gather I within the brass ring on four days of the week I and go through the motions of trading, but the H i jj bluffiness of the bluff was exposed by the sales ' !; sheet. Even this pretense will be dropped on H J Christmas, of course, and also on the day after. Hi I Santa Glaus may have been thrown into the tils- ' , l card by the erudite infant of today, but he still H I retains vitality enough to put Kid Mammon to the H ; I mat in their annual contest. H :, tit & & H I s Truth to tellu the broker chaps are not such H i devoted backers of Mammon as their reputations H' S would lead, one to believe. Seeing thenTtear their H j! hair, revolve their arms and wreck' their voices Hj j in an exciting session of the exchange, you would H 1 I imagine that they might rob a Salvation Army j l kettle for a few pennies or burn an orphan asylum iMt j , for the insurance. But there is nothing to it! The j ' average broker cfires more for the fun of getting j the money than he does for the money itself, and J no class of business men parts with money more jj'l readily. At least the brokers will agree with that m,, j statement. K , & & & H Several young men of Salt Lake City are look- M ' ' ing longingly New Yorkward. The transfer of the m Willis McCornick seat on the New York stock B H exchange to Walter G. Filer has been the latest fl incentatlvo for them. It is understood that the m ' McCornick brothers and Mr. Filer will conduct a B ' brokerage business on a large scale. Among them H I ' are no, It would, hardly be fair to mention names, H I j for appearances are sometimes deceptive. Per- ; chance the looks that look like longing looks are '' not longing looks toward New York, but merely H ' unoccupied series of stops, or, If you like it better, H ' vacant stares. The gosRips insist, however, that H I the sons of their fathers and fathers-in-law will B L ' buy into some established Wall street business, or 11 j start a new one, as soon as they can cash in their Hl I possessions and their expectations. 1 O w le Hl Reflections on wealth and poverty, New York H and some contracts, have led this discussion H far afield. To get back to the Salt Lake H mining exchange, it may bo said thattho prompt- !neps with which the building bonds were subscribed sub-scribed was a testimonial to the liberality and the large amount of sentiment in the composition of the typical broker. While it Is true that the building bonds will pay a fair rate of interest, hi there was not one of the buyers but felt that he H knew other investments which would bring much Hj larger returns. He subscribed for the exchange HJ securities because he would have regarded as a Hj personal reproach the announcement that the H bond issue had gone begging; because he felt the B Inadequacy of the present trading quarters, and B because of the example set by Mr. Newhouse; H but, most of all, because of his magnificent faith in the exchange as the voice of a splendid and m growing mining field. M The figures to be presented by the Salt Lake B Stuck and Mining Exchange for the full year will KVflj bo a surprise to the section of the population Hi which, trailing along ten months late in the march Hj of events, does not realize that the financial panic i and business depression are over. A comparison H of eleven months' business proves that the so- H called "panic" year leaves 1007, the culminating H "prosperity" year, far behind. A gain of ten mil- Hj Hon dollar n the total of the monetary payments K and of t jiillion shares in the volume of sales, ftH conveys lis ow;n lesson. The exchange, onco an BHll , tutlon, and should be housed and treated as one of the distinguishing features of city and state. t && The plot thickens! Over the eastern hills the humming wires bring word of the arraying of the forces of war modern financial war captains of millions and captains of tens of millions and captains cap-tains of hundreds of millions. And on the other side can be seen the preparations for defense growing redoubts of long-time contracts and breastworks of money bags. One day we read of the incorporation of a hundred million dollar smelting corporation at Trenton, N. J., and when we notice that Johnny Jones and his sister Sue are the directors, we know that the high gods of finance are forging their thunderbolts mayhap other things. The names of Astorbilt and Harri-goulds Harri-goulds at the head of a corporation mean nothing great names are frequently loaned through courtesy. cour-tesy. The weaker the company the greater is Its necessity for an Imposing front. The time to sit up and take notice is when Willie Watkins drops his armful of cuspidors long enough to assume the presidency, and Paddy Murphy lets his elevator stand at the fourteenth floor while he qualifies as secretary of a prosaic-named octopus. fc fcW yW Next day, perhaps, Father Guggenheim appears on the battlements, wiggles his fingers at the Cole-Ryan cohorts. To the scribes he deigns to explain that the Cole-Ryan expedition is just going hunting for copper smelting business and that the copper plants of the Guggenheim interests are infinitesimal parts of those interests parts that could be extracted almost without pain and thrown away without regret. But to his underlings, Father Guggenheim speaks in a different strain. "Go after longtime contracts for the treatment of both copper and lead ores," is the substance of his commands. The mine operator who is willing to tie up his pioduct for a term of years can secure gilt-edged rates from the American Smelting and Refining company these days. tV ( tv Next to the grim preparations of the smelter kings, the most interesting news from the wires is of the proposed copper producers' union. Hours and wages are satisfactory, but the conference wants to keep the fellow around the corner from working overtime and feeding too much popper to the market. Ostensibly the organizati intends to do no more than maintain a bureau of statistics, statis-tics, but we all know how long a society for the propagation of statistics will continue that pleasant pleas-ant and innocent diversion without other exercise. |