The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1903-04-24
DEDICATED
The New York Stock EX
change Celebrated
Yesterday
NEW BUILDING
The Body Occupied It's New Quar-
ters Yesterday-CeremO Brief
But ImDressive-Busines Was En-
tire1y Abandoned by the ''BulIs''
and ''Bears'-President Keppler in
Il Speech Said the Exchange is a
Necessity-MayOr Low Also Spoke.

New York, April 22.-The members Of
the New York Stock exchange aban-
doned business today and devoted them
selves to the ceremonies incident to the
dedication of their handsome new build
ing. These ceremonies were brief but
impressive. After prayer by the Rev.
Ransom H. Thomas, chairman of the
building committee, formally handed
the new building over to Donald Nc
Kay, president Of the New York Stock
exchange building association, who in
turn formally presented it to Rudolph
Keppler, president of the exchange, for
the use of the members. In accepting
the building, Mr.. Keppler said:
1T is hardly necessary here to allude
to the ever-increasing Importance and
growth of our institution; it's purposes
are SO closely interviewer with the very
life blood of the many sided activities
and interests of the people both in the
business world and outside Of it, that
the facilities afforded by the New York
stock exchange may we'll be called a
public necessity"
An address by Mayor Low on behalf
Of the aeitizens and invited guests fol-
lowed and then the members and their
guests, including many men prominent
in financial and business circles. were
shown through the building. Among 6
the invited guests were the president
and Secretary of the Consolidated eX-
change, the New York Stock exchange
thus for the first time recognizing that
institution. The members of the Con-
solidated exchange sent their we'll wish
es with a large floral piece containing
five hundred American beauty roses.
The board room where the dedicatOry
ceremonies were held was crowded long
before the hour set for the opening,
and the guests were entertained with
music by bands and orcheStras. The
brokerage offices in the financial district
were closed and flags floated from flag
staffs in honor of the event.
The new building. which looks small
beside the Sky scraDerS by which il is
surrounded. presents a striking appear
carved stone pillars and decoratio
The interior has been arranged looking
to the comfort in every way possible
OF the members. An impregnabIe vault
has been built for the safety of securi-
ties the heating cooling and ventilating
arrangements are perfect and the board
and other rooms are large, comfOrta-
BILE and prettily decorated. The build
| ing which fronts on Broad street eX-
tends through to New Street. with an
opening on Wall street as in the old
building. In it's construction it was
found necessary to go forty-two feet
below the level of Broad street In the
collar of the exchange are the vaults
of safe deposit companies and the plants
for the cooling and heating of the build
ing. The members will be warmed in
winter by a constant flow of warm air.
In summer the coolest spot in the city
outside of a cold storage warehouse will
be the stock exchange, which will be
kept at a low temperature.
The main Board room IN which the
trading is done, is IA by 100 feet and
| is a 1-2 feet to the ceiling. Into this
will go fresh air at the rate of l., 000, 00C
cubic feet a minute, while exhaust pipes
| will draw off the four air.
| The luncheon club, secretaries offices
and other offices connected with the
| exchange rae on the floors above. The
| members saw these for the first time
today, as the building committee saw
to it that no inspection of the building
was made by members before every
| thing was ready today.
|