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Show FINANCIAL LOSS IIIILLJLHEM Edward's Passing Has Powerful Power-ful Direct Effect Upon Business Busi-ness of London. MANY MILLIONS WILL BE PAID IN INSURANCE Theater Managers and Promoters Pro-moters Insured King's Life . at High Rates Near Death. Special Cable to The Tribune LONDON, May 7. Lloyds will pay several sev-eral million pounds storllng on King Edward's Ed-ward's life. Theatrical managers, promoters pro-moters of expositions, merchants whose success in trade depends on a gay season, sea-son, all protected themnclvcs against complete com-plete loss by insuring his majesty's Ufo. Lloyd's accepted the risk as late as yesterday yes-terday afternoon at 65 guineas per cent. After King Edward was operated on for appendicitis In 1001 Lloyds demanded SO guineas por cent to Insure him. Tho effect of the' king's death on London Lon-don trade is excjtlng the gloomiest apprehensions. ap-prehensions. Tho fashionable hotels, which had their .rooms booked up from next week to the middle of July, are hav ing the bookings canceiioci uy wnowwi o. Many rich Americans who Intended making mak-ing London their -chief stopping place this summer, are going to the continent instead. in-stead. House agents aro having town housos thrown back on tbclr hands and numerous Important English famlllos navo decided not to open their "Wost End mansions man-sions this summer. Servants Will Suffer. The vast body of servants of all kinds and waiters whoso chief livelihood Is gained :from April to the end of July can find no employment, big hotel keepers and caterers having resolved to keep their staff down to the lowest limit. Great distress is anticipated among this class, who are dependent for their living upon social gayetlcs. The taxlcab men are In despair and largo numbers of new taxicabs purchased for the season pressure pres-sure cannot now be put on the stroct3. Tho drivers engaged are being dispensed dis-pensed with. Lobs to CostumorB. But tho heaviest losses will fall on the costumers and milliners, who find their vast stock of costly dresses and stuff lying ly-ing unsaleable on their hands. Few womon buy new mourning gowns, so tho dressmakers will benefit little by the court order to wear it. All theaters arc closed until after the funeral. Railroad excursions have been cancelled and In every direction the depressing effect of King Edward's death Is - making itself ielt. ' King George Is expected to make an apT peal to the public In the next few days, or posslblv after the funeral, to resume ordinary pleasure and recreation, so that the openlnc of his reign may not be associated as-sociated with loss and suffering to his subjects. |