The evening times. [volume] (Washington, D.C.) 1895-1902, 1901-09-14
THB EXCHANGES ADJOURN.
A Worldwide Tribute by the
Stock Markets.

London Leads in an UnusunI Mark Of
Respect for the Late President
Local Bonrd Glasses After II Formal
OpcHiur-Syu pntby of the Brokers
Exchange tick,rs and tapes in Washing
ton and throughout th, country w.r, sic
lent today NO London market today.
As a mark of respect for the late Pres
idont the Exchange will not open today"
were th, words printed ON tho tapes short
~ before the usual opening hour OF the
New York Stock Exchange. The London
ENchaugy. the New Nur, stock Exchange
thu Cotton Exchange. the Chicago Board
OF Trade. and iu fact every exchange and
board of trade i'm this country and in
Great Britain is closed and business Who'll
~ suspended In the universal tribute. This
suspension of business. So spontaneous
and 500 absolute. iu the stock markets
is almost an unprecedented oCcurren nee
II is a touching mauif, station of The
worldwide p, gard Cor LIr. Mckinley
The Governing Committee of the New
York Stock Exchange met at an early
hour and voted with but one dissenting
ballot TO order the exchange closed IL
was arranged that the floor should be
and their customers. but that no sales
should be made. The announcement was
read when the brokers assembled at lo
o'clock. Similar action was taken else
where Little OF no business was done
on the curb
The Washington Stock Exchange was
adjourned at u clock, its usual meeting
hour, no business being transacted. The
members assembled and President Hihbs
made the simple announcement adjourn
ing the Exchange out of respect for Mr..
McKinley's memory.
The brokers offices were more than us
ualIy crowded this morning as the time
for the opening in New York drew near.
The interest in the market at this crisis
Is widespread. and almost unprecedented
To a vast number of business men it is,
OF course. a matter of the keenest anN-
iety-
Despite the wonderful support given to
the market during the past week and the
ample opportunity that has been gwen
70 The weaker holders or securities 20 sell
out their holdings. and despite the strong
hone Itlt fEtErMntT' DID F'HStFNel'N'
quarters that the mati0,t viii not oe
OV,-, p, Ln,C. or even @utCJed 10 an IN
usual extent. il Is Of course impossible TO
be certain and appr. .usisu was an un-
aN1ila blg accom- pauIEItut of the general
ia,Guatinu toward optimism The an
nOUnCemeut that the Exchange would bS
C'u-rd for The day was received with a
sigh Of relief in many cases
r--rTt~SluUS 81 UE...0u regarding the
Stock Market situation were eagerly tE-
changed II was felt by all that the clos
ing II the ENChguGe viii be good thing
for the market The leaders that have
supported 10 SO strongly since the day
after the shooting viii have an oPPortu-
nifty To- make their plans carefully 10 con-
tiLug tElir support CD Monday If the TX
cd.
II was also said by many that the death
OF Mr.. Mckinney has been discounted
already very largely. a week ago today
a fatal ending of the tragedy at Buffalo
was expected at any moment and on that
dav vast quantity OF securities We're sold
by the public and bought IN 10y the nUan-
Cial leaders Since that time the IiqEida-
ton has proceeded every day and on yes
terday IL was quite as heavy as a week
ago.
The fact that London set the example
for all other exchanges TO follow in closing
this morning was much commented on
everywhere. The tribute is considered a
peculiarly touching one. and expressions
OF sincere frieudlinCsS for the London EN-
change were heard Business was begun
on The Exchange. bUt was duh in the eN-
IRENE. Shortly the message came that
Pre- sident Mckinley hid reached his end
There was an imuo-igte adjournment
The action Is q very unusual one There
has been but one precedent for IT. The
New York Stock Exchange adjourned on
the day Of the funeral Of Queen Victoria.
The difference in time between London
and New York gave London the OppOr-
tuuity 10 pas the first tribute 70 Mr. Nc
X