Tuesday, January 10, 2012

New York Bankers, Banks & Trusts: New York Produce Exchange Bank

The New York Produce Exchange in 1897

JAN  6  1899

From King's Views of The New York Stock Exchange, 1897:

New York has six will-established exchanges, including the Stock Exchange, all occupying buildings owned or constructed for their special uses.  Their operations are on similar lines, and many firms hold memberships in two or more of them, this being especially true of the Stock, Cotton, and Produce Exchanges...

The Produce Exchange, housed in one of the finest structures of its kind, is also in point of member one of the largest exchanges in the world.  Incorporated in 1868, it did not occupy until 1884 its present building [pictured above] which cost altogether $3,178,645...There are 3,000 members.  Membership has varied in price from $5,000 to $150, and costs today about $250.

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