Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1903-04-22

words subscribed on our escutcheon, which
has passed down from generation to
generation and which shall ever remain
unstained so long as we proudly lay
claim 10 the name and title OF the New
York Stock exchange"
MAYOR Low.
An address by Mayor Low in behalf
Of the citizens and invited guests, fol-
lowed, and the members ana their
guests, including many men prominent
In financial and business circles. were
shown through the building Among
the invited guests were the president
ana secretary Of the Consolidated eX-
change, the New York stock exchange
thus for the first time recognizing that
institution. The members OF the Con-
soli1ated exchange sent their well
wishes with a large floral piece con-
tanning 800 American beauty roses.
The board room, whore the dedcatOry
ceremonies were held, was crowded
long before the hour set for the open
ing. and the guests were entertained
with music The brokerage offices IN
the district were closed and flags flew
from flagstaffs in honor Of the event.
THE OLD BUILDING.
Il Is just two years since the work
of tearing down the old building to
make room for the new was COM
menced, and during that time the menu
bers nave been accommodated at the
New York produce exchange. II was
expected that the work would be COM
pleted within a year, but the diff
culties were greater than the architects
and contractors had counted on The
building, which looks small beside the
skyscrapers by which II is surrounded,
presents a striking appearance with its
massive and beautifully carved stone
pillars and decorations The Interior
has been arranged looking TO the COM
fort Of the members. An impregnable
vault has been built for the safety of
securities The building, which fronts
on Broad street, extends through to
New street, with an opening on Wall
street, as In the old building. In the
construction it was found necessary to
20 ~ feet below the level Of Broad
street. In the cellar are the vaults of
the safe deposit companies and the
plants for cooling and heating the
building,
The members will be warmed in win
ter by a constant flow OF warm air. In
summer the coolest spot In the city out
side Of a cold storage warehouse Will
be the exchange, which will be kept
at a low temperature.
MAIN BOARD ROOM.
The main board room, IN which the
trading is done, is lii by 100 feet and is
1ll2 feet deep to the ceiling. Into this
viii go fresh air at the rate Of l20O000O
cubic feet a minute while exhaust pipes
win draw or the foul air
The luncheon club, secretary's office
and other Offices connected with the eX-
change are on the floors above. The
members saw these for the first time to-
day as the building committee saw to It
that no inspection Of the building was
made hy members before everything
was ready
The steel safe deposit vault i'm the
basement Is us feet. seven inches long,
q feet wide and nine feet 1917 inchs
high, the walls being 10 inches thick,
and the total weight including the no.
ton vestibules nc tons II is carried
on steel beams and columns at a height
OF 80 feet. four inches above the cellar
floor. II is enclosed by cold rolled
steel bar partition weighing 40 tons
the liars being placed four inches apart
and being is inches in diameter.