Stock exchanges to close Saturday
Markets, however, stay open today
Friday, April 13, 1945
The New York and Pittsburgh stock exchanges will close tomorrow in observance of the death of President Roosevelt.
Both exchanges and banks were open today.
Banks were awaiting federal and state action on closing in respect to Mr. Roosevelt.
Arthur E. Braun, president of the Pittsburgh Clearing House Association, said banks are legally compelled to operate until a holiday is declared by the Governor of Pennsylvania and the Comptroller of Currency.
Roosevelt lauded
Officers of the Pittsburgh Stock Exchange joined with governors of the New York Exchange in paying tribute to Mr. Roosevelt.
A statement by the New York governors said:
Since the beginning of the war period, the President himself more than once expressed great satisfaction that the Stock Exchange has been able to maintain an open market for securities in spite of the terrible shock of war.
We believe we should meet this new tragedy in the same spirit. Our country is financially sound, strong in arms and courage, and strong in determination to carry this war to victorious conclusion.
Must carry on
Our leader has died, but we must show our respect for him partly by carrying on the essential functions of our economy in spite of our natural feelings of grief.
We pledge our support to President Truman and his administration in the great task that lies ahead.