Evening star. [volume] (Washington, D.C.) 1854-1972, 1903-04-22
BRIEF YET IMPRESSIVE
Dedication Ceremonies New
York Exchange.
HOLIDAY FOR BROKERS
MAYOR LOW DELIVERED AN AD-
DRESS.
The New York Consolidated Exchaneo
Recognized for the First
Time.
HOLIDAY FOR BROKERS

NEW YORK, April 22.-The members Of
the New York exchange abandoned business
today and devoted themselves to the cere-
! monies incident to the dedication of their
handsome new building These ceremonies
were brief but impressive. After prayer by
the Rev. DR.. Morgan Dix of Trinity Church.
Ransom H. Thomas. chairman of the build
ing committee. formally handed the new
building over to Donald Mckay. president
of the New York Stock Exchange Building
Association who in turn formally presented
1t to Rudolph Keppler. president of the
exchange. for the use of the members.
An address by Mayor Low on behalf OF
the citizens and invited guests followed, and
then the members and their guests, includ-
ing many men prominent in financial and
business circles. were shown through the
building Among the invited guests were
the president and secretary of the conson-
dated exchange the New York stock ex-
change thus for the first time recognizing
that institution. The members of the con-
solidated exchange sent their well wishes
with large floral piece containing 500
American beauty roses. The board room.
where the dedicatory ceremonies were held,
was crowded long before the NRur 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 f1oated from fiagstaffs
in honor Of the event.
Two Years Building.
It is just two years since the work OF
tearing down the old building to make room
for the new was commenced and during
that time the stock exchange members have
been accommodated at the produce
change. 1t was expected that the work
would be completed within a year. but the
difficulties were greater than the architects
and contractors had counted on. The build
ing, which looks small beside the skyscrap-
erS by which it is surrounded, presents a
striking appearance with it's massive and
beautifully carved stone pillars and decora-
tions. The interior has been arranged look
ing to the comfort in every way possible of
the members An impregnable vault has
been built for the safety of securities, the
heating, cooling and ventilating arrange
ments are perfect and the board and other
rooms are large comfortable and prettily
decorated. The building, which fronts on
Broad street, extends through to New
street, with opening on Wall street as
in the old building. In the construction of
1t 1t was found necessary to go forty-two
feet below the level of Broad street. In
the cellar of the exchange are the vaults
of safe deposit companies and the plants
for the cooling and heating of the building.
The Heating Arrangements.
The members will be warmed in winter
by constant flow of warm air. In summer
the coolest spot in the city outside of n
cold storage warehouse will be the stock
exchange, which will be kept at a low tenn
perature.
The main board room, in which the trad
ing is DONE is 144x1O9 feet and is 74Ih feet
to the ceiling. Into this will go fresh air
at the rate of II 100000 cubic feet minute,
while exhaust pipes will draw off the foul
air. :
The Luncheon Club, secretaries offices
and other offices connected with the eX-
change are on the floors above. The mem-
bers saw these for the first time today. as
the building committee to it that
inspection of the building was made by
members before everything was ready to-
day
The steel safe deposit vault in the base
ment is 11S feet inches long, p feet wide
and feet 10I. inches high, the walls berg
10 inches thick, and the total weight. in
Guiding the 110-ton vestibuleS, 116 tons. 1t
is carried on steel beams and columns at a
height of .3 feet inches above the cellar
floor. 1t is inclOsed by a cold-rolled steel
bar partition weighing 40 tons the bars
being placed inches apart and being 1ss
inches in diameter