Show 4 r l H I Mines and Mining Sprague Edited Eded F. F dd UY W. W J I r SEES ROOM FOR TWO Growth of of Utah Ample Excuse for New One Says Grant Grant Bu dle 8 transacted b by by- bythe the Utah Stock Mining exchange at Its Is Initial Ini ml- tint sessions yesterday was more In the nature of or Rotting getting the wheels of oC Its Is t machinery oiled and In running order than to make a n howing or sales 9 or ot establishing quotations The first salo t recorded was of shares of at Colorado Colo Cob I radii rado at 2 67 which was about 20 cents hl higher hel than the price on the old ol exchange e. e Among AmonS mOng the other sali salis sali's a on L Hi lh Ie regular ular call cal were Crown Point at iSe Iron Blossom om at Lower Mammoth 1000 at and 1000 1001 at nt bc Metals 1000 at Ic Sioux Consolidated at Thorn was considerable trading on the op open n board The rhe exchange was formally opened shortly after ater 10 o'clock a. a m. m although h no nu call cal was hold In the forenoon The room was wal comfortably filled with members members mem mern- bers and spectators when lien Caller Calel Henry Miles Introduced B F. F Grant one of oC the directors of oC the thc organization who made a n characteristic tc and hl highly felici felicitous tous address Mr r. r Grant said that the officials and members of ot the new exchange had hal no apology n to offer for tor Its Is ex existence ho lie believed CI bele that In f tali and tho the great mining West et there thero was a n field feld for Cor an organization conducted upon the lines proposed to be followed and that In Instead In- In instead Jt stead ar of oC Injuring anyone anon it i would add Interest in ill the mining Industry to an extent that would benefit the entire entre country Ho spoke In complimentary terms of oC the enterprise exhibited h by bythe bythe the old exchange In fn preparing to build added for Itself Isel a magnificent homo home and OUr Offer 1 We e aro are told toll that there Is not room here for 01 two mining exchanges Harel If It after arel a fair tall trial this should prove to tobe tobe I be true we shall gladly take our competitors competitors' COI- COI corn com new building off ott their hands at what It ft shall have ha e cost them and extend the hand or of fellowship We 0 have hao two kinds of ot men In this tubs country Mr Nr Ir Grant continued One kind is jN made marIo In pint cups the ho the other Is me con constructed on the half bushel plan full tul measure and running over o el Samuel Samuel Samuel Sam Sam- uel Is one of ot the half bushel 1 kind When hen he lie started to build two magnificent buildings building on South Main street the tle little lite fellows said ald that thal the foundations of those buildings would woul never ne er he be completed that completed that there was no demand for or such buildings in Salt Lake The They have o lu to admit now that the buildings are aro a success but their lugubrious predictions are arc now applied tn h fH 11 u g- g J Ing When hen It was announced that a n second sec see ond large hotel building would be built buil at the north end enl of the business district dIstrIct dis dIs- trier some one tele telegraphed the tie news to 21 Mr Mv Newhouse e. e thinking ln that It I might cause him to revoke re e his decision to build one at the south end Instead of ot that that he ho wired back that he hoped lie 10 would woul he be permitted to subscribe to the fun fund for tho tho second big lt I. I and ami he lie l I did subscribe to that fund Mr Mr h Newhouse Is not noti afraid of ot com corn 11 petition It I will wil take hwo two years cars and more to complete the two proposed hotel hold buildings and h by that time the third ono one will be needed This state I IK going ahead with wih leaps and bounds The transcontinental lines Jnes of or railroad are alO coming coming to Utah now and the they will wIl lal make c rates which will wi build huld he here e a ael city of oC smokestacks and dinner el s pals palls pails I I I ry 1 I IH I. I Mr Mi- MiGrant 1 Grant then directed attention to the enormous payrolls which are alread already al already al- al read ready sustained by the mines the smelters and the big ml mills mill of at which Salt Sal Lake CI City Is the direct beneficiary He lie le suggested that the two mining cx changes change could do o no better service to the tho community than to lo get gel together In Iii the matter o of running excursions excursion to Bingham Gai Garfield field Tintic Park City t and oth other r mining camps camp which would enable men of ot narrow nano Ideas to get out and see ce what ls Is making Utah the most mOlt prosperous state In the Union enlon The new exchange e. e with its Is clearing features Mr lr Grant said MaId would woul act as a a safety aret valve lessening fictitious trading trailing in stocks and anil proving pro of ot dis dis- dis- dis benefit to the mining Industry which which ever every year f Is becoming tab tab- l upon a firmer basis |