The news of the Titan reaches Lloyds

The news of the Titan's destruction reaches Lloyds in London, causing panic among underwriters. The Crier announces the event, and extras are issued. A later cablegram gives the names of the survivors: the captain, first officer, boatswain, seven sailors, and one lady passenger—Mrs. Selfridge. Mr. Selfridge, the old gentleman, learns that his daughter-in-law is safe but his son and grandchild are missing. He waits anxiously for more news. Meanwhile, Mr. Meyer, a heavy insurer, is devastated by the loss. This scene establishes the aftermath of the disaster and the financial stakes involved.