The story of Pittsburgh: Banking and finance

Banking and finance (Vol. 1, nr. 17)

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Multivolume work

Identifikator:: 1831622599

Document type:: Multivolume work

Title:: The story of Pittsburgh

Place of publication:: Pittsburgh

Publisher:: First National Bank

Year of publication:: 1919-1930

Collection:: Economics Books

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Volume

Identifikator:: 1831623951

URN:: urn:nbn:de:zbw-retromon-241167

Document type:: Volume

Title:: Banking and finance

Volume count:: Vol. 1, nr. 17

Place of publication:: Pittsburgh

Publisher:: First National Bank

Year of publication:: 1930

Scope:: [ca. 40] Seiten

Digitisation:: 2022

Collection:: Economics Books

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Document type:: Multivolume work

Structure type:: Chapter

Title:: The Pittsburgh stock exchange

Collection:: Economics Books

greater efforts been sincerely made to modernize methods, increase the facilities for serving the public, and raise the standards of membership and business conduct than within this period. It may be said that The Pittsburgh Stock Ex- change is in the vanguard of these movements, and that the constant aim of its directors and officers is to carry out the legitimate purposes for which it was organized and chartered. THE PITTSBURGH CLEARING HOUSE The Pittsburgh Clearing House Association was organized June 19, 1865, by eighteen banks of Pittsburgh, and began operations February 5, 1866. Its first president was John Harper, and Robert M. Cust was the first secretary. The original location was on Fourth Avenue, Pittsburgh, but at present it is doing business in the Mellon National Bank Building in Pittsburgh. The first day’s exchanges, on February 5, 1866, amounted to $153,567.95, according to information furnished by the Pittsburgh Clearing House. In 1866 the exchanges totaled $83,7381,242.17; in 1900, $1.615.641,592.19: and in 1927 $9.289,443,577.19. The original members of the association were: — The Bank of Pittsburgh, National Association, N. Holmes & Sons, The Union National Bank, German National Bank, First National Bank, Third National Bank, Exchange National Bank, Allegheny National Bank, Tradesmens National Bank, Mechanics National Bank, Merchants and Manufacturers National Bank, Iron City National Bank, Farmers Deposit National Bank, Peoples National Bank and Citizens National Bank, the First National Bank of Allegheny and the Pittsburgh National Bank of Commerce—seventeen in all. In the panic of 1873 and the period of readjustment that followed, not one of the sixteen national banks was forced to suspend. At the close of 1929, the Clearing House had nineteen members—namely, Bank of Pittsburgh IN. A Exchange Nation: Ray

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