The Boston Stock Exchange

Bibliographic data

Monograph

Identifikator:: 1847184839

URN:: urn:nbn:de:zbw-retromon-240916

Document type:: Monograph

Title:: The Boston Stock Exchange

Edition:: Priv. print

Place of publication:: Boston

Publisher:: Privately printed

Year of publication:: 1930

Scope:: 32 Seiten; graph. Darst.

Digitisation:: 2022

Collection:: Economics Books

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The original quarters of the Exchange were in the upper story of the building on State Street, long occupied by the Washing: ton Bank. In May, 1844, it was decided to procure larger and mote pretentious quarters, and the Board moved into the fourth floor of the then magnificent Merchants Exchange Building near-by, which had just been completed. Here it remained un- til March 28, 1853, when it moved to the Union Building at 40 State Street, to remain for another decade. In 1863, the Board again transferred its activities, this time to a few doors off State Street, in the Howe Building at 13 Exchange Street. Here it remained for twenty-two years, during which time the board room was much improved by the throwing of two stories into one, with consequent advantages in lighting and ventilation. It was not until 1885 that anything like adequate quarters were secured, when the Exchange moved into the hall known as the reading room of the old Merchants Exchange Building. THE OLD DAYS “IN the old days,” to quote the usual phrase, and by it, in this instance, is meant the period prior to, and just after, the Civil War, business on the Exchange was conducted in a very differ- ent fashion than at present. Then, there were no telephones, no tickers, no wildly gesticulating crowds. A “seat” was a literal fact at that time, for every member had a particular chair and desk and was forbidden to trade out of it. These desks were set in parallel rows about the sides of the board room, while the desks of the President and Secretary of the Exchange were at the head. There were then two sessions daily, or two “Boards” as they were called, one shortly after ten o'clock in the morn- [14]

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