For Whom the Bell Doesn't Toll

http://blogs.abcnews.com/moneybeat/2008/09/for-whom-the-be.html
September 29, 2008 11:01 AM

<http://blogs.abcnews.com/.shared/image.html?/photos/uncategorized/2008/09/29/abc_gomstyn_080812_main_3.jpg>
Abc_gomstyn_080812_main_3
  ABC News' 
<http://abcnews.go.com/Business/story?id=5556699>Alice 
Gomstyn reports: Was it a bad omen or just a 
glitch? On the day that the government’s massive 
financial system 
<http://abcnews.go.com/Politics/PersonalFinance/story?id=5908293&page=1>rescue 
plan heads to the House, traders waiting for the 
New York Stock Exchange to open were greeted by 
silence –- the iconic opening bell failed to sound.

A spokeswoman for the NYSE said that an “isolated 
electrical issue” was to blame and that the day’s 
closing bell should operate as usual.

She said that, to her knowledge, the bell had never previously gone silent.

If she’s right, that would be a mighty long streak.

Trading bell history 
<http://www.nyse.com/about/history/1184063074309.html>dates 
back to the 1870s, according to NYSE. At the 
time, a Chinese gong was used –- it was replaced 
with brass bells when the exchange moved to its current home in 1903.

Today, the exchange uses four bells, each 18 
inches in diameter, and is also home to one 
spare. The backup bell was made in the 1980s and, 
because bells meeting NYSE specifications hadn’t 
been made in quite some time, the bell’s 
manufacturer had to bring employees out of retirement to do the job.

-- With reports from ABC News' 
<http://abcnews.go.com/Business/story?id=5556713>Dan Arnall.

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Lord, may everything we do begin with Your 
inspiration and continue with Your help,
so that all our prayers and works may begin in You and by You be happily ended.
We ask this through Christ our Lord.
Amen.


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