The evening world. Newspaper, April 22, 1903, Page 3

F STOCK EXCHINGE MOVE {TO NEW HOME OF FININGE. Bulls and Bears Take Possession of the Magnificent Marble Building and Dedicate It with Impressive Ceremo- pies— Make a Holiday of It. ‘With ceremonies befitting the occasion the new bullding of the New York Stock Exchange was formally opened and dedicated to-day. For the first time the great majority of the 1,100 members of the Exchange saw the interior of the building. In honor of the day the members of the Exchange made it a holiday and there were no quotations from the New York Hxchange, no busineds was transacted except on the Consolidated Mxchange, and to all appearances it ‘was a holiday in Wall street. All the members of the Exchange were at- tired for the occasion. ‘There was no order as to dress, but the broker used to gala occasions wes prepared with silk hat and frock coat, and the men as they filed into the building presented the appearance of a crowd attending @ fashionable fanction. There was good humor on every side, and as the men caught the first sight of the great board room they could not repress exclamations of surprise and appreciation of the sight. BEAUTIFULLY DECORATED. The room in which the trading of the future will be carried on was the one used for the ceremony to-day. It wes profusely decorated. Plants there were until the perfume filled the air, and the whole resembled a floral show. Along the Wall street side on a balcony were the invited guests, the former Presidents of the Exchange, the men from out of town, the cap- tains of finance and industry and Presidents of banks dnd trust companies, Take a list of men prominent in the world of finance and that is the Ust of the men either there as invited guests or occupying seats on the floor of the Exvhange representing themselves. J. Pierpont Morgan arrived shortly after 11 o'clock and took his place on the speakers’ platform. Other early arrivals were former Secretary of the Treasury Gage, Russell Sage, President Stillman, of the National Bank, and Morris K. Jesup, President of the Chamber of Commerce. In anothersalcony was the Seventh Regiment Band entirely masked in by flowers, palms ani potted plants, CEREMONY OF DEDICATION. ‘The ceremonies were opened with a dedicatory invocation by Rev. Dr. Morgan Dix. Ransom H. Thomas, Chairman of the Building Committee of the Exchange, presented the building to the Stock Hxchange Building ¢om- pany. Donald Mackay, President of the Building Company, which is the legal holding company of the Exchange, then presented it to President Rudolph Keppler, of the Exchange. Mr. Keppler was cheered loudly as he arose to accept the building on behalf oft he Exchange. His speech highly praised the great organization. Mayor Low delivered an address in the mame of the city. During Mr. Keppler’s address an attempt was made to operate a flash light apparatus in the rear of the room. Part of the paper covering the @pparatus caught fire and was hurriedly taken down. #iiin the post ‘on which it had been perched. The incident did not Miitesrupt Genuce, and caused scarcely a stir in the great audience. “T “=m Just before the ceremonies closed William Alexander Smith, the oldest member of the Hxchange, who joined th¢: " fascteticeens ot some twenty old members presented a speech he by with good wishes of the old-timers for the new, and when it was read by Presi- dent Keppler was received with cheers, in which J. Pierpont Morgan, who had been nodding approval, joined. Then the inspection began, and the wives and daughters of members and friends were admitted and the building was soon filled by them. They were taken through the upper floors devoted to offices, through the vaults in the basement and the lunch-room. They pronounced it one of the greatest buildings they ever had been in. y SOME OF THE NEW WRINKLES. The workings of the new signals for sending messages about the place were explained and the use of the great blackboards for the calling of mem- bers was tested. The blackboards are at the end of the room. They are worked electrically, and when a member is wanted at the 'phone or else- where his number {s shown in white upon the blackboard. Through the building runs a network of automatic tubing. In all there are five miles of tubing in the building, with 175 terminals, The tubing is connected with systems outside, so that from any point letters, messages and orders may be tubed into the building and then tubed to any particular part oft. if One of the pretty features of the opening was the floral piece sent by , the: Consolidated Stock Exchange, The Exchange declined to close, but J appreciating the recognition of the larger body in inviting its officers to { participate in the celebration the Consolidated sent an immense basket con- ¢ taining 500 selected American Beauty roses, orchids and azaleas. The piece g Was seven feet high and was the most admired single piece received by the v Exchange. a An object of much interest to-day was the bronze tablet on the interior of the building, on which were the names of members of the Building e¢ Committee. The committee members are: R. H. Thomas, J. T. Atterbury, t! Ernest Groesbeck, R. P, Doremus, H. G, 8. Noble and Rudolph Keppler. i “4 All the members to-day in commemoration of the diy wore bronze # medallions inscribed: “New York Stock Exchange, April, 1903.” ‘These ‘were attached to white ribbons, while to distinguish them the members of Xtne Reception Committee wore blue ribbons, $'NEW PALACE COST $4,000,000. 7! ‘The cost of the great white palace of trade is said to have been close boto $4,000,000, Because of fts height of only seventy feet and its situation dosurrounded as it is by great skyscrapers, the contrast in architecture re a all make it a building which seems to overshadow all else in Broad street, 4 tne demollion of the oid Stock Machango boean “The n e ck Ex ‘{t was thought at one time the new building would ene gh de « Today lacks five days of two years since the members held thelr Inet I » 48 in the old house.\ To-morrow the first trading under the new roof will w begin promptly at 10 and there will be a great scramble to record the fiat My transaction in the new exchange. £ ,an opening on Wall, as in the old building. 3 pooling and the heating of the hullding, a NEW YORK’S COOLEST PLACE. dc be kept at alow temperature, the members of the board old Gen. Humidity will have n The main board room, in which the trading is don “is Lear Is 7434 feet to the ceiling. Into thig will go fresh ay at the rate Poi fen ‘The Luncheon Olub, secretaries’ omega. and ae aloes ap oF the Exchange are on the floore above, The members maw thee forse first time to-day, as the Building Committee saw to it that no Anapection 9 Then the sight which met their eyes fulfilled ali expectations, and t o daak: eubic fect a minute, while exhaust ‘pipes the building was made by members before everything was rea: eation In Well street at stipe! and te tmoronentaree about the new me streats Bhout Boot Ao vie a ‘The building which fronts on Broad street extends through to New, with w In the construction of it it was found necessary to go f ” ‘at low the level of Broad street, Here calesone were built‘on Poll Rant Hele ¥ solid wall of cement built about the whole foundation, In this cellar of the Exchange are the vaults of safo deposit companies and the Plants for tho ) The members will be warmed in winter by a constant flow X! In summer, when tho outside world is suffering, the coolest rm warns alt, ’ 2 Outside of a cold-storage warehouse will be the Stock Exchange, wich ot mn The cold air is sent through the ventilators after pasa P Mineal feet of cold pipe, Elven that great factor of the pi hla w makes life unbearable even in the moderate temperature, the humidity, . *, stracted from the atmosphere when {t reaches a certain degree, wi a to nd __THE WORLD: WEDNESDAY EVENING, APRIL 22, 190 VIEW OF THE INTERIOR OF THE NEW WHITE MARBLE HOME OF THE STOCK EXCHANGE, TAKEN TO-DAY WHILE PRESIDENT KEPPLER WAS DELIVERING HIS ADDRESS TO BULLS AND BEARS, STOCKS LIVELY ON THE CONSOLIDATED Customers of Stock Exchange Brokers . Traded Through Minor Board Members To-day Trading on the Consolidated Exchange exceeded when more shares were bought and sold than on May 1 two years ago, when that exchange remained open on the occasion of the suspenstoi of the Stock Exchange, which was forced to move into Its tem- porary quarters at the Produce Ex- change. More than 200,000 shares were dealt in| p, during the day. » Numerous orders were executed for Boston and Philadelphia commission houses and’ some of the regular cus- tomers of the t@ock Exchange did their trading through the Consolidated Ex- change brokers, Continuing the upward movement of yesterday, the market ruled firm with! advances of % to % eading gained %, Baltimore and Ohio %, Union Pacific %, Missouri Pacific %, Atchison %, St. Paul %, Southern Pacific %, Reading %, Rock Island % and Louisvile and Nash- ville %. ‘The industrial Uist was decidedly im- proved, Amalgamated Copper showing & ain of 1-4 and Stel was 1-8 higher, Tractions were also firmer, with Man- hattan 3-8 higher, Metropolitan 3-4 up and Brooklyn, Rapid ‘Transit 8-8 stronger, late London quotations were some- what higher and helped along the ad- vance, but the loss of $174,000 to-day by the to the Gub-Treasury retard- ed the bullish tendency somewhat, and the continued heavy exports of grain and the excellent railroad earnings were partially offset by the fear of get- ding too far ahead of the quotations on the Stock Exchange. Curtis & Romaine, Watson & Gibson and Bacroft & Co. were the largest buyers of all securities, They pur- chased large blocks of Union Pacific and Southern Pacific on reports that the differences between the Union Pa- cific management and the Keene pool had been adjusted, , TRUST PACKERS ARE IN DEFAULT, Formal Order Entered Against Them on Failure to Make Re- turns in Government Suit. OHICAGO, April 2.—A formal order of default was entered by Judge Gross: cup to-day against the packers who have failed to answer the government's @nti-trust bill, The final order or in- unoction Was Hol entered. against the defendants owing to the ¢ District-Attorney Bethea tro It is expected that the LONDON STOCKS FIRM, Americans Falter, Then Improve 4s Market Clo LONDON, April 22. domand in the market to-day debtedness to the Bank of England ts practically Hquidated. Pricés on the Block Exo! firm and operators indulged in hopeful anticipations of an expar >\ne furnished by Tourist Agent, No, 1 previous records to-day |te,an Evening World reporter to-day. | but if there has ever been any’ taik of jfoch @ merger I have never heard of i{clal stenographers and special bag- gage masters will accompany each ")Park, $253.00 from New York. York. -{dinary opportunity to visit the Pa- ness, being encouraged by the recovery {cific Coast and interesting transcont!- class manner, at unusually low rates. Intending tourists should make early application for space, as the various parties will be limited, B. R. T. MERGER STORY REVIVED AND DENIED. Anthony Brady, August Belmont ana President Winter All Say Re- port Is Unfounded. Regerding the report in a morning newspaper that the contro! of the Brook- lyn Rapid Transit Company was soon to pass into the hands of the Interbor- ough Rapid Transit Company, Anthony N. Brady and other men prominent in the affairs of both companies deciare that mo such idea has been contemplated or proposed. “Tt ds all news to me," said Mr. Brady “That story pops up every now and then; August Belmont, head of the inter- borough, said he had answered tne same query’ so many times that it was @ candidate for the Old Jokes’ Home. 4s, . Bryan said positively that nothing looking toward such a merger had been discussed, to his knowledge. President Winter, of the B. HR. ‘t., said he had not been taken into the confidence of the promoters, if such @ deal were in the air. Brokers'in the Wall street section generally discredit the re- port. N. S. DECLARES MAY DIVIDEND. Quarterly Payment of 1 1-8 Per Cent. Will Be Under Court Ruling, Par- tially Suspending Merger Decree. ‘The Northern Securities Company has declared the regular quarterly dividend of 11-8 per cent., payable on May 4, ‘This action follows tae partial suspen- eion of the merger decree uw tho ruling of Judge Sanborn in St. Paul a few days ago. ————__ Preaved Steel Cay Payn. The Pressed Stee! Car Company has declared the regular quarterly dividend of 1 per cent. on the common stock and Second quarterly instalment of % of 1 per cent. of the extra dividend of 1 per cent, recenUly authorized, ——_ Carb Brokers Thke a Holiday. There was a fruitless attempt to trans- fact business on the curb to-day, but owing to the absence of a majority of the brokers, {t was decided to close the market. ff High-grade Tours to the Pacific Coast at Low Rates. The Personally Conducted Tours which the Pennsylvania Railroad Company will run to the Pacific Coast on May 12 and 13, on account of the Presbyterian General Assembly at Los Angeles, will be of that same high grade of exccllence which has ever characterized the Pennsylvania Rail- road Personally Conducted Tours, Special trains of the best Pullman equipment will be provided, Experi- enced tourist agents, chaperons, offi- train, The following low rates in- clude transportation, Pullman berth and all meals in the dining-car while travelling on the special trains; Tour No. 1: . $184.50 from New York Including Yellowstone our No. 3; Including Grand Can- yon of Arizona, $159.00 from New The above tours present an extraor- ental points, in @ thoroughly first- Itinerary and full tnformation will im open: '268 Fitth Ay New York, or Geo, | W. Boyd, Assistant General Passen- Brnad Btreot Station, Phil- | si |Special for Thurs, & Frida Mt wne RMER\cAN CARERS 5 ma PACIFIC WHIT P | ‘Ah OS ec The Petti-Johnnys make their bow. Their lectures will be all about PETTIJOHN and how to get a good appetite and a di- gestion that works all the time. How to build a strong body, a vigorous mind and steady nerves. Watch for their words of wisdom. Do not miss a single lecture. Buy a package of Pettijohn's Flaked UO Breakfast ood. At all grocers, 15,000 yds. Imported and Domestic Reliable ; 7 } 5 Black Taffeta Sui onsalefor thenext two days 4 Soc, yd., Special Bargain, Also 27-inch Domestic Black Taffeta, and 1,500 yards Imported — Black Loutsine Silk} value 75¢. to 85c, a yd., all” to close at f 58c, yd. Special in Black Dress Good 1,200 yds. : Black French Voile, 42 and 44-inch wide; on sale Thursday and Friday at = © 58c. yd., regular 75¢,