Salt Lake Telegram | 1903-04-22 | Page 8 | New Stock Exchange Formally Dedicate

j 1 i 1 . . Iicrr Ycrt Er:-crs Ta'jc Day Cxi' L Lst:ct Their Sp!c:.ii Tdmplc cfTra-Jc. ' : ; ! NEW YORK, April 22. The members of the New York Stock exchange abap- doned .business today and devoted I themselves to ceremonies Incident to the dedication of their handsome new ' building. These ceremonies were brief and irarresslve. After prayer by the Rev. Morgan Dix of Trinity church,' ! Ransom H. Thomas, chairman of the building i committee, formally handed the 4 new building over to Donald Mc- ! Kay, president of the New York Ex- change Building association, who in j turn formally presented it to Rudolph XCeppler, president of the exchange, for the use of the members. An address by Mayor Low. in behalf It the citizens and invited guests, fol-r fol-r wed and the members and their iruests. Including many men prominent in financial and business circles, were shown through the building. Among the Invited guests were the president and secretary of the Consolidated exchange, ex-change, the New York Stock exchange thus fpr the first time recognizing that Institution." The members of the Consolidated Con-solidated exchange sent their well wishes wish-es with a large-floral piece containing 600 American Beauty roses. " 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 Jnembers have bem accommodated, at the New York Produce exchange. . The building, whrlch looks small beside be-side the sky-scrapers by which it is surrounded, presents a striking appearance appear-ance with its massive and beautifully carved stone pillars and decorations. The building, which fronts on Broad street, extends through to New street, with an opening on Wall street, as In the old building. In Jhe construction it was found necessary to go forty-two 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 winr ter by a constant flow of warm air. Ia summer the coolest spot In the city outside of a cold storage warehouse will be the exchange, which will be kept at a low temperature. The main board room, in which the trading is done, is 144x109 feet and is 7414 feet deep to the celling. The luncheon club, secretary's office and other offices connected with the exchange ex-change are on the floors above. The members saw these for the first time today, as the building committee saw to it that no inspection of the building was made by members before everything every-thing was ready. - The steel safe deposit vault In the basement is 118 feet 7 inches long. 21 feet wide and 9 feet 10i Inches high, the walls being ten Inches thick and the total weight. Including the 110-ton vestibules, ves-tibules, 776 tons. It is carried on steel beams and columns at a height of 33 feet 4 Inches above the cellar floor. It Is Inclosed by a cold rolled steel bar partition weighing forty tons, the bars ; being placed four inches apart and being be-ing one and five-tenth Inches in diame-1 diame-1 ter. ,