 | |
| Type | Regional stock exchange |
|---|---|
| Location | Spokane, Washington, United States |
| Founded | 1897 |
| Closed | May 24, 1991 |
| No. of listings | Penny stocks (mining companies) |
The Spokane Stock Exchange was a regional stock exchange in the northwest United States, located in Spokane, Washington. Founded mainly to trade stock of mining companies, it began operations in 1897 and closed 94 years later on May 24, 1991. [1]
Founded mainly to trade stock of mining companies, it began operations in 1897. [1] [2] Peyton Building was the headquarters of the Spokane Stock Exchange until 1988, when the exchange moved to the Seafirst Financial Center. [3] Trading volume peaked in the early 1980s at $100 million, although by 1985, trading was rarely over $50,000 a day. [4]
After failed attempts by the board to find an investor or buyer, it closed on May 24, 1991. [1] [4] The exchange closed "because of slumping silver and gold prices and waning investor interest." It was the smallest stock exchange in the United States and the smallest of seven regional "penny stocks" market. [4] At the time of its closure, it had a reputation as a haven for trading speculative penny stocks, [2] [5] almost exclusively in mining metals stocks of the Silver Valley in nearby north Idaho. [6] [7] [8]
The Standard and Poor's 500, or simply the S&P 500, is a stock market index tracking the performance of 500 large companies listed on stock exchanges in the United States. It is one of the most commonly followed equity indices. As of December 31, 2020, more than $5.4 trillion was invested in assets tied to the performance of the index.
Australian Securities Exchange Ltd is an Australian public company that operates Australia's primary securities exchange, the Australian Securities Exchange. It was formed on 1 April 1987, through incorporation under legislation of the Australian Parliament as an amalgamation of the six state securities exchanges, and merged with the Sydney Futures Exchange in 2006.
"Pump and dump" (P&D) is a form of securities fraud that involves artificially inflating the price of an owned stock through false and misleading positive statements, in order to sell the cheaply purchased stock at a higher price. Once the operators of the scheme "dump" (sell) their overvalued shares, the price falls and investors lose their money. This is most common with small cap cryptocurrencies and very small corporations/companies, i.e. "microcaps".
Penny stocks are common shares of small public companies that trade for less than one dollar per share.
The Poseidon bubble was a stock market bubble in which the price of Australian mining shares soared in late 1969, then crashed in early 1970. It was triggered by the discovery by Poseidon Nickel of the early indications of a promising nickel deposit in September 1969.
The Shanghai Stock Exchange (SSE) is a stock exchange based in the city of Shanghai, China. It is one of the three stock exchanges operating independently in mainland China, the others being the Beijing Stock Exchange and the Shenzhen Stock Exchange. The Shanghai Stock Exchange is the world's 3rd largest stock market by market capitalization at US$7.62 trillion as of July 2021. It is also Asia's biggest stock exchange. Unlike the Hong Kong Stock Exchange, the Shanghai Stock Exchange is still not entirely open to foreign investors and often affected by the decisions of the central government, due to capital account controls exercised by the Chinese mainland authorities.
Securities fraud, also known as stock fraud and investment fraud, is a deceptive practice in the stock or commodities markets that induces investors to make purchase or sale decisions on the basis of false information, frequently resulting in losses, in violation of securities laws.
The Zimbabwe Stock Exchange, or ZSE, is the official stock exchange of Zimbabwe. Its history dates back to 1896 but has only been open to foreign investment since 1993. The exchange has about a dozen members, and currently lists 63 equities. There are two primary indices, the ZSE All Share and the ZSE Top 10.
In business and investing, term microcap stock refers to the stock of public companies in the United States which have a market capitalization of roughly $50 million to $300 million. The shares of companies with a market capitalization of less than $50 million are typically referred to as nano-cap stocks. Many micro-cap and nano-cap stocks are traded over-the-counter with their prices quoted on the OTCBB, OTC Link LLC, or the Pink Sheets. The larger, more established micro-caps are listed on the NASDAQ Capital Market or American Stock Exchange (AMEX).
Rosauers Supermarkets, Inc. is a regional chain of supermarkets in the Western United States, based in Spokane, Washington. Founded in 1934 by J. Merton Rosauer, Rosauers was sold in 1984 to Spokane-based URM Stores, and it eventually grew to 22 stores under the Huckleberry's Natural Market, Rosauers, and Super 1 Foods brands. Its stores are located in Washington, Idaho, Montana, and Oregon.
The Vancouver Stock Exchange (VSE) was a stock exchange based in Vancouver, British Columbia. It was incorporated 1906. On November 29, 1999 the VSE was merged into the Canadian Venture Exchange (CDNX).
A regional stock exchange is a term used in the United States to describe stock exchanges that operates outside of the country's main financial center in New York City. A regional stock exchange operates in the trading of listed and over-the-counter (OTC) equities under the SEC's Unlisted Trading Privileges (UTP) rule.
The Nasdaq Composite is a stock market index that includes almost all stocks listed on the Nasdaq stock exchange. Along with the Dow Jones Industrial Average and S&P 500, it is one of the three most-followed stock market indices in the United States. The composition of the NASDAQ Composite is heavily weighted towards companies in the information technology sector. The Nasdaq-100, which includes 100 of the largest non-financial companies in the Nasdaq Composite, accounts for over 90% of the movement of the Nasdaq Composite.
The history of Spokane, Washington in the northwestern United States developed because Spokane Falls and its surroundings were a gathering place for numerous cultures for thousands of years. The area's indigenous people settled there due to the fertile hunting grounds and abundance of salmon in the Spokane River. The first European to explore the Inland Northwest was Canadian explorer-geographer David Thompson, working as head of the North West Company's Columbia Department. At the nexus of the Little Spokane and the Spokane, Thompson's men built a new fur trading post, which is the first long-term European settlement in Washington state.
The S&P/ASX 300, or simply, ASX 300, is a stock market index of Australian stocks listed on the Australian Securities Exchange (ASX). The index is market-capitalisation weighted, meaning each company included is in proportion to the indexes total market value, and float-adjusted, meaning the index only considers shares available to public investors.
The economy of the Spokane Metropolitan Area plays a vital role as the hub for the commercial, manufacturing, and transportation center as well as the medical, shopping, and entertainment hub of the 80,000 square miles (210,000 km2) Inland Northwest region. Although the two have opted not to merge into a single Metropolitan Statistical Area (MSA) yet, the Coeur d'Alene MSA has been combined by the Census Bureau into the Spokane–Coeur d'Alene combined statistical area (CSA). The CSA comprises the Spokane metropolitan area and the Coeur d'Alene metropolitan area anchored by Coeur d'Alene, Idaho. According to the U.S. Bureau of Labor Statistics, the Spokane metropolitan area has a workforce of about 287,000 people and an unemployment rate of 5.3 percent as of February 2020; the largest sectors for non–farm employment are education and health services, trade, transportation, and utilities, and government. The Coeur d'Alene metropolitan area has a workforce of 80,000 people and an unemployment rate of 6.8% as of June 2020; the largest sectors for non-farm employment are trade, transportation, and utilities, government, and education and health services as well as leisure and hospitality. In 2017, the Spokane–Spokane Valley metropolitan area had a gross metropolitan product of $25.5 billion while the Coeur d'Alene metropolitan area was $5.93 billion.
The Seattle Stock Exchange was a regional stock exchange in the northwest United States, located in Seattle, Washington. It began operations on March 14, 1927, merged with the Seattle Curb and Mining Exchange on October 1, 1935, and closed on October 1, 1942.
Intermountain Stock Exchange ("ISE") is a defunct stock exchange that formerly operated in Salt Lake City, Utah. Named the Salt Lake Stock and Mining Exchange from its 1888 founding until 1972, the company was acquired by Commodity Exchange, Inc. (COMEX) in 1986, ceased operating and became dormant.
The San Francisco Mining Exchange was a regional stock exchange in San Francisco. Formed in 1862 to facilitate the trading of mining stocks as the San Francisco Stock Exchange, the Chicago Tribune described the exchange as "once the West's most flamboyant financial institution." It sold the name San Francisco Stock Exchange to the San Francisco Stock and Bond Exchange in December 1927 and was renamed the San Francisco Mining Exchange. The exchange agreed to deal solely in mining securities as part of the same deal, and also sold its building at 350 Bush Street to the San Francisco Curb Exchange. After years of ups and downs in the mining market, the exchange had "a second life" during the uranium boom of the 1950s. By August 1967, it was located in second-floor offices on Montgomery Street, at which point it was the smallest securities market in the United States and had suffered "years of lingering legal and money ailments." The exchange closed at the age of 105 in August 1967.
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