The venerable New York Stock Exchange last week tipped its hat to youth. Three young Salt Lake City brokers, Edmund W. Dumke (29), Richard W. Muir (28) and Given A. Light Jr. (27), plunked down $85,000 and were approved for an exchange seat in Dumke's name. Thus, as far as the exchange could check, Muir, Dumke & Light were the youngest partnership, in terms of average age, ever admitted to Big Board membership.*
The three met while working for Salt Lake City's J. A. Hogle & Co., soon came to the conclusion that a stock salesman's salary and commissions were not enough....
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