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Show jBUYERS ICI THRONG FLOOR OP MINCE Wall Street Resumes Busi ness After Longest Period of Idleness in History of United States INDUSTRY SHOWS SUDDEN REVIVAL Reopening of Market Will Liberate Capital That Has Been Tied Up Since War Started By B. O POSSES, By International News Service NT5W10RK Dec 1 L ke a mighty ship taking the water the New York stock exchange glided from idleness to activity on the stroke of ID 0 cQock this morning There was no mishap and only ten seconds cheering by those on the board and by the privileged spectators. Five minutes after 10 all was nom inal. And thus was history made For it 13 history important h story what the greatest market in the United States, tha market for 23 000 000 00O worth of securities reopened after having been closed for 111 davs much the longest period in the eoun 1 trv s lifetime With a closed stock ex changs industry lasffuiahes investors refuse to invest enterprise is strangled development ceases. The country goes backward, not forward. Progress and prosperity fly away and depression and ldleneea viajtrlhe. fead. The reopening of the ttoek exchange should mark the turning of the tide for America. War Fear Is Over It means that our most ponerf ul men of affairs are no longer afraid of un due injury from war stricken Bur ope. It means that America feels itself caps ble of withstanding any shoek tha for tunes of war may entail It means that we are able and determined to go about our own business to attend to our own affairs to stand on onr own legs. For more than four months capital has been frozen solid capital the very life blood of the nation will now begin be-gin to circulate naturally restoring fi nanelal, industrial and commercial health. And labor should reap as great benef ts as anybody So you see the stock exchange is not a mere Monte Carlo not a gigantic roulette wheel, not a cancer eating in to the vitals of the nation It is rather the financial heart of the nation beat ing slowly or rapidly in unison with the tate of the land More, it is the fountain from which flows the capital necessary to fortify the countries to es tabl sh industries to develop mines to build factories all giving employment to m llions of cit tens And during these months the seennty markets have been closed the people have learned how cataftrophic it is when employment be comes scarce from end to end of the country Butle Is Evident I By 9 30 th s morning the whole fi nanc al d strict had taken on an air of bustle Inside the stock exchange everv offl cial, clerk and messenger was flitting to and fro On the floor a peas square space studded w th huge posts each the center for dealing in specified Btocks the brokers were beg nmng to gather There was much handshaking marking the renewal of interrupted association As 10 o clock drew near the floor became be-came more and more crowded and the vis tors gallery f lied up Secretary George W Ely stepped on the rostrum at ten minutes to 10 There was suppressed excitement brokers were f ngering pencils and pads nerv ously messenger boys were all at at-tent at-tent on uniformed recorders of quota t ons were at each post ready for swift f gunng armies of telephone operators oper-ators with the r hps at mouthp eces were wa ting for the f rst signal from mp oyers to announce the nature of the opening Many Brokers Attend Every broker had taken up his sta tion. There were moTe hundreds of them than seen on the floor since the 1907 panic Thore was a momentary hush Secretary Secre-tary Lly p shed a button 13 rr r r rh went the gong Hurrah rah rah shouted bun dreds of throats A. few haudfols of improvised eonfet t but not one hat were thrown in i the a r And the melee broke out on the floor Brokers yelled and pushed and ges- 1 ticulated messengers flew in all direc tions In five m uutos the exc tement was over and brokers were go ng about the r b siness normally j The New lork stock exchange had -opened for dealings in stocks follow ing its elosure by the European war I (Continued on Page Eleven.) J CROWDS AC1 FILL FLOOR OF EXCHANGE (Continued from Page One ) hat happunod mark twise s told elsewhere else-where There was no avalaucho of European selling orders And American nvest-ors nvest-ors we're more anx ous to buv than to eel Bead rg Lrt and Amilgmatpd were the nst ,ators of the afir nt frco f gl ts ut tl pv were onlv t ghts to so uro shares All three rose sharp 1 as 1 A a great n ajonty of the ssues orened for trid ng Th whol u p ban sm of the ex cbango worked crfe tlv Ad tl us Lpcembcr 1 1914 was wr tt n u on the nat on s f nancial cal eudar n b gl t r d I tters |