Milford News | 1939-07-27 | Page 5 | Supported by Mines

Supported By Mines 7-1 f 2 ; """" ,"v,Si "T.r"-" - i. A ' i - - t ? r i 'i it . I Among the many institutions supported indirectly by the mining industry of Utah is the Salt Lake Stock Exchange, the nation's leading lead-ing mining market. Listed on the exchange are about 100 issues. : mostly Utah companies whose stocks are largely locally owned 1 and actively traded. Membership consists of approximately approxi-mately 50 individuals, some of whom represent some of the west's I largest financial institutions. Many ! of the members deal almost exclu-j exclu-j sively in mining issues. I The mining industry of Utah had I its birth in 1S62, about 15 years after the Pioneers settled in Salt, Lake valiey. It was in 1S5.S the Salt. Lake Stock Exchange came into being. It was first housed in a small store- J room on Second South street-. Sub- i sHuently the exchange expanded and moved to various locations. In 1!W! the exchange took over occupancy of its ,iys..-i)t building, pictured above. Samuel Newhouse, then one of the most progressive citizens and successful mine operator, opera-tor, donated the site on which the present building stands in Ex-chang Ex-chang Place. Thus the mining industry contributes con-tributes to the financial welfare of Salt L.ke City and surrounding citie3.