26 SEPTEMBER 1931, Page 32

CLOSING THE STOCK EXCHANGE.

Before this actual announcement there had been a terrible slump in securities on Friday and Saturday of last week, the panicky fall being most pronounced in British Government securities themselves. It is not, surprising, therefore, that, coupled with the announcement of our departure from the gold standard, came the order for the Stock Exchange here to be closed on Monday; and by order of the Stock Exchange Committee the House remained closed until Wednesday. Many of the Continental Bourses have remained closed in Consequence of the shock imparted by Britain's departure from the gold standard, but Paris and. New York have been open all the time and so far have withstood the shock very well.