| Show MINING EXCHANGE OPENS FOR TRADING the new york oric min ank ga B exchange with wilh a list ot sIxtY mining issues already admitted to trading opened its doors this morning on tho the first floor of SO 80 wall street spirited bidding follower tile the opening and the first public market in the city to specialize in tile tho stocks of mining oil and allied indus trial companies was under way the trading list hat includes issues that have beon dealt la in on exchanges both in the united states and canada the list hat will bo be lengthened from time to time and may be extended to other industrial du securities at the discretion of the board it 0 alicks former securities corn coin loner of 0 utah anti and president ot of the national association ot of the sec securities ur COMMISSIO commissioners Tiers has been elected tea president ot of tho the new ilow exchange george A washington attorney atto iney Is V alte ic a president three directors were ablao iso announced this morning harry S thayer Th flyer consulting mining engineer eng neer neer of the late A CJ C entson company E L white former consulting consult lne angi and W n D randall pee klont dont of aliese alie se curulla curit les transfer and registrar company mr alicks in ills his address at tile opening said tile the primary purpose or of tho the exchange was to build up it a specialized market where specified issues may be dealt in easily and safely ile ho said that in addition to the necessary n e c abary and equipment the exchange will have associate onga located in the mining areas of tile the united states and canada to obtain verification of engineering reports submitted in application tor for listing hating to prevent anything in tho the nature 0 of t wash sales and bucketing tile Exclia exchange ngo has eliminated marginal trading on all issues except those which are ro negotiable and upon which banks would readily lend money tho the constitution bylaws by laws rules regulations ions and requirements have been drawn to meet tile the requirement of most lost or of the cho states this will give brokers 0 of the tha E exchange EL n broader field for trading than that obtaining in most of the newer exchanges of tile the united states in re relation latton to the future expansion of the lie exchange mr said it Is our intention to list front from time to time the best and most meritorious issues 0 many older whose trading la Is more or less limited to their respective areas but will not be dono done in tile the spirit of competition or orto to deprive those exchanges of their listings but rather to reciprocate and to broaden tile the general markets in ule the interest ot of tho the industrials wo we shall represent new york evening mi ening post |
