| Salt Lake Stock Exchange | |
| Type | Regional stock exchange |
|---|---|
| Location | Salt Lake City, Utah, United States |
| Founded | 1888 |
| Closed | 1972 |
Intermountain Stock Exchange ("ISE") (formerly the Salt Lake Stock Exchange) is a defunct stock exchange that formerly operated in Salt Lake City, Utah. Named the Salt Lake Stock and Mining Exchange from its 1888 founding until 1972, the company was acquired by Commodity Exchange, Inc. (COMEX) in 1986, ceased operating and became dormant.
The company was organized in 1888, and incorporated in 1899 as the Salt Lake Stock and Mining Exchange to provide capital for the area's mines. The property for the Exchange building at 39 Exchange Place in Salt Lake City was donated in 1908 by Utah mining magnate Samuel Newhouse. [1] [2] In 1900, future Salt Lake City mayor John S. Bransford was elected the president of the Salt Lake Stock and Mining Exchange. [3] The Exchange had its largest trading volumes during the 1920s, and particularly during the uranium boom of the 1950s. [4] [5] The companies listed on the Exchange tended to be speculative oil and mining penny stocks. [6]
The Exchange changed its name to Intermountain Stock Exchange in May 1972 to reflect a larger geographic area. At that time it was the second smallest exchange in the United States, next to the Spokane Stock Exchange. Despite renewed optimism by management, [7] [8] trading volumes continued to dwindle until the Exchange was acquired in 1986 and all ISE-listed securities were delisted. [9] [10] The company was acquired by Commodity Exchange, Inc. (COMEX) in 1986, ceased operating and became dormant.
The Toronto Stock Exchange is a stock exchange located in Toronto, Ontario, Canada. It is the 10th largest exchange in the world and the third largest in North America based on market capitalization. Based in the EY Tower in Toronto's Financial District, the TSX is a wholly owned subsidiary of the TMX Group for the trading of senior equities.
The New York Mercantile Exchange (NYMEX) is a commodity futures exchange owned and operated by CME Group of Chicago. NYMEX is located at One North End Avenue in Brookfield Place in the Battery Park City section of Manhattan, New York City.
SIX Swiss Exchange, based in Zürich, is Switzerland's principal stock exchange. SIX Swiss Exchange also trades other securities such as Swiss government bonds and derivatives such as stock options.
Kennecott Utah Copper LLC (KUC), a division of Rio Tinto Group, is a mining, smelting, and refining company. Its corporate headquarters are located in South Jordan, Utah. Kennecott operates the Bingham Canyon Mine, one of the largest open-pit copper mines in the world in Bingham Canyon, Salt Lake County, Utah. The company was first formed in 1898 as the Boston Consolidated Mining Company. The current corporation was formed in 1989. The mine and associated smelter produce 1% of the world's copper.
Securities fraud, also known as stock fraud and investment fraud, is a deceptive practice in the stock or commodities markets that induces investors to make purchase or sale decisions on the basis of false information. The setups are generally made to result in monetary gain for the deceivers, and generally result in unfair monetary losses for the investors. They are generally violating securities laws.
Hong Kong Exchanges and Clearing Limited operates a range of equity, commodity, fixed income and currency markets through its wholly owned subsidiaries The Stock Exchange of Hong Kong Limited (SEHK), Hong Kong Futures Exchange Limited (HKFE) and London Metal Exchange (LME).
Intermountain Health is a United States not-for-profit healthcare system with 385 clinics and 33 hospitals in the Intermountain West. The company's headquarters are in Salt Lake City, Utah. Colorado-based SCL Health and Intermountain Health merged in 2022. The combined system employs more than 64,000 people.
PacifiCorp is an electric power company in the western United States.
A regional stock exchange is a term used in the United States to describe stock exchanges that operate outside of the country's main financial center in New York City. A regional stock exchange operates in the trading of listed and over-the-counter (OTC) equities under the SEC's Unlisted Trading Privileges (UTP) rule.
Intermountain Primary Children's Hospital (PCH) is a nationally ranked pediatric acute care children's teaching hospital located in Salt Lake City, Utah. The hospital has 289 pediatric beds and is affiliated with the University of Utah School of Medicine. The hospital is a member of Intermountain Health and is the only children's hospital in the network. The hospital provides comprehensive pediatric specialties and subspecialties to infants, children, teens, and young adults aged 0–21 throughout the Salt Lake City and outer region. PCH also sometimes treats adults that require pediatric care. PCH is a ACS verified Level 1 Pediatric Trauma Center and is the largest providers of pediatric health services in the state. The hospital serves the states of Utah, Nevada, Idaho, Montana, and Wyoming, yielding an enormous geographic catchment area of approximately 400,000 square miles. The hospital is one of the only pediatric hospitals in the region.
Uranium mining in Utah, a state of the United States, has a history going back more than 100 years. Uranium mining started as a byproduct of vanadium mining about 1900, became a byproduct of radium mining about 1910, then back to a byproduct of vanadium when the radium price fell in the 1920s. Utah saw a uranium boom in the late 1940s and early 1950s, but uranium mining declined in the 1980s. Since 2001 there has been a revival of interest in uranium mining, as a result of higher uranium prices.
The Spokane Stock Exchange was a regional stock exchange in the northwest United States, located in Spokane, Washington. Founded mainly to trade stock of mining companies, it began operations in 1897 and closed 94 years later on May 24, 1991.
The economy of Utah is a diversified economy covering industries such as tourism, mining, agriculture, manufacturing, information technology, finance, and petroleum production. The majority of Utah's gross state product is produced along the Wasatch Front, containing the state capital Salt Lake City.
The uranium bubble of 2007 was a period of nearly exponential growth in the price of natural uranium, starting in 2005 and peaking at roughly $300/kg in mid-2007. This coincided with significant rises of stock price of uranium mining and exploration companies. After mid-2007, the price began to fall again and at the end of 2010, was relatively stable at around $100/kg.
Altabank is a full-service bank headquartered in American Fork, Utah, United States, that was formerly known as People's Intermountain Bank. Prior to its acquisition by Glacier Bancorp, Altabank was owned by a publicly held holding company, People's Utah Bancorp, and was traded on the NASDAQ. It is the second-largest bank headquartered in Utah, and has 26 branches serving businesses and individuals in the area from Preston, Idaho to St. George, Utah. The current bank was formed from mergers of separate institutions including Bank of American Fork, Lewiston State Bank, and People's State Bank of American Fork These themselves had grown by opening new branches and by acquisitions, including, in the case of Bank of American Fork, by its acquisition of branches from Banner Bank.
The San Francisco Mining Exchange was a regional stock exchange in San Francisco that operated from 1862 until its closure in 1967.
The Salt Lake Stock and Mining Exchange Building in Salt Lake City, Utah, is a 2-story Classical Revival building designed by John C. Craig and constructed in 1909. The sandstone, brick, and cement building includes four large Ionic columns supporting a pediment above a denticulated cornice, and the pedimental imagery is reflected in lintels above the six central door and window fenestrations. The building was added to the National Register of Historic Places in 1976. It is also a contributing resource in the Exchange Place Historic District.
John Charles Craig was an architect in Salt Lake City, Utah.
A yellowcake boomtown also known as a uranium boomtown, is a town or community that rapidly increases in population and economics due to the discovery of uranium ore-bearing minerals, and the development of uranium mining, milling or enrichment activities. After these activities cease, the town "goes bust" and the population decreases rapidly.
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