New-York tribune., 1920-09-17
All Exchanges
Ir1 u. S. Shut
By Disaster:
ManyBanks Here CloseDoors
at Early Hour and Only
Business of Utmost Ina.
p0rtamce Is Transacted
Trading Goes On To-day
Suspension of Stock Deals
Agreed ON Throughout
Nation as Precaution

AS quickly as news reached other
cities that the New York Stock Ex-
change had ceased operations for the
day, due to the explosion and as q pre-
cautlonary measure, similar action was
taken by every other stock exchange in
the United States. All of them will re-
sumo operations this morning. Many
OF New York's banks closed following
the blast, and only the most urgent
business was carried on.
BUSINESS generally in the financial
district will be resumed to-day despite
the havoc wrought in many offices.
j. r. Morgan's banking house an
nounced through Thomas w. Lamont
thas they would proceed with whatever
financial matters they were engaged
upon when the disaster occurred.
Trading to Go On To-day
William II. Remick, president Of the
New York Stock Exchange, announced
al GER special meeting of the board of
governors, that trading in securities
will be resumed at 10 o'clock. The an
nouncement. was after the, suspension
that took place few minutes after the
exchange building was rocked to its
foundations. The other exchanges, in
cluding the curb market and the Com
solidated Stock Exchange, which were
also forced to quit because Of the ex-
plosion, will begin business at the
usual hour Of 10 o'clock.
MIR. Remick, who was talking to a
member of the money" crowd at the
time the explosion occurred, immedi-
ately rushed to the rostrum Of the big
trading floor and rang the gong, which
informed the excited brokers thS& trad
ing had ceased for the day. The usual
procedure in case of an ordinary emer-
gency would have been to call a meet
Ing Of the governors, but the necessity
seemed 80 great to Mr.. Remick that he
took it upon himself to call halt to
trading. His action was later approved
by the governing committee.
Securities bought and sold on
Wednesday ordinarily would have been
delivered yesterday, and these deliver
les were being made up to the noon
hour Or the time of the explosion. Ac-
cording to ruling Of the exchange,
made to-day. 1t was also ruled
that deliveries on yesterdays trans
actions, which in the usual course
of events would be made to-day, will
not be made until Monday. The state
ment issued by Mr.. Remick, announc-
ing that trading will be resumed TO-
day, follows:
The governing committee deter
mined that the exchange would be open
for business at the usual hour to-
morrow morning, Friday, September
II, 1920"
1t was also announced that at the
meeting suitable resolutions had been
passed commencing '~ loyees of the
exchange for remain. = their posts
during the explosion IL: :. terward.
Stocks and Bonds Missing
1t was impossible for the authorities
of the exchange to get an accurate
line on the amount and value of Sc
curities that were lost either through
the injury or death of messengers on
the streets, but an estimate Up to $3.50
indicated that 2,574 shares of stock
were missing and about $4,000 in
bonds. Most of the securities are
either numbered or otherwise ear
marked, and if lost it is believed that
new securities can be issued to re-
place them.
Following the explosion business at
the banks in the financial district was
either suspended for the rest os the day