Type | Regional stock exchange |
---|---|
Location | Minnesota, United States |
Founded | 1929 in Minnesota |
Closed | 1949 |
Currency | United States dollar |
The Minneapolis-St. Paul Stock Exchange was a regional stock exchange based in Minnesota, United States. It opened for business in 1929, [1] [2] [3] and merged with the Chicago Stock Exchange in 1949. [4]
The new Minneapolis-St. Paul Stock Exchange opened for business in January 1929 for securities. [1]
A new president was elected to head the Minneapolis Exchange in January 1939. Donald H. Brown, then secretary of the Wells-Dickey Company, took the position. [2]
In one day in the middle of April 1942, the Minneapolis-St. Paul Stock Exchange, then exempted from registration with the SEC, did $121,935 of stock business, "bigger than six of the registered Exchanges." [3]
The Midwest Stock Exchange was formed in 1949, with the merger of the Minneapolis/St. Paul exchange and the Chicago Stock Exchange, the Cleveland Stock Exchange, and the St. Louis Stock Exchange. [4]
NYSE American, formerly known as the American Stock Exchange (AMEX), and more recently as NYSE MKT, is an American stock exchange situated in New York City. AMEX was previously a mutual organization, owned by its members. Until 1953, it was known as the New York Curb Exchange.
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The Pittsburgh Stock Exchange was a large regional stock market located in Pittsburgh, Pennsylvania from November 11, 1864 until closing on August 23, 1974. It was alternatively named the Pittsburgh Coal Exchange starting on May 27, 1870, and the Pittsburgh Oil Exchange on July 21, 1878 with 180 members. On July 25, 1896 the Exchange formally took the name Pittsburgh Stock Exchange though it had been referred to by that name since the spring of 1894. The Exchange, like many modern day exchanges, was forced to close during sharp economic crashes or crises. On December 24, 1969 The Philadelphia-Baltimore-Washington Stock Exchange bought the Pittsburgh Stock Exchange. At its height the exchange traded over 1,200 companies, but by the last trading day in 1974 only Pittsburgh Brewing Company, Williams & Company and Westinghouse remained listed.
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The Continental Bank and Trust Company of New York was a financial institution based in New York City, New York, United States. It was established in 1870 as the German-American Bank, which became the Continental Bank of New York. Originally in the Equitable Building at 120 Broadway, the bank was later headquartered at 50 Wall Street, 25 Broad Street, and starting in 1932 the Continental Bank Building It became known as the "brokers bank" for its collaboration with Wall Street brokers and investment banking interests. The institution was renamed the Continental Bank and Trust Company of New York around 1929, at which point it was involved in extending its business with acquisitions of commercial banking and fiduciary operations. Acquired banks included the Fidelity Trust Company in 1929, International Trust Company and Straus National Bank and Trust Company in 1931, and Industrial National Bank later that year. In 1947, the bank earned $804,000 in net profits. As of December 31, 1947, Continental had total resources of $202,000,000, and deposits of $188,000,000. It merged with the Chemical Bank and Trust Company in 1948.
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