Minneapolis-St. Paul Stock Exchange

Minneapolis-St. Paul Stock Exchange
TypeRegional stock exchange
LocationMinnesota, United States
Founded1929 in Minnesota
Closed1949
CurrencyUnited 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]

History

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]

See also

References

  1. ^ a b "Stock Trading Active on St. Paul Exchange; First Day of Operations Called 'Satisfactory' as 1,288 Shares Change Hands in an Hour". The New York Times. New York City, New York. January 30, 1929. p. 37. Retrieved April 4, 2017.
  2. ^ a b "Heads Minneapolis Exchange". The New York Times. New York City, New York. January 21, 1939. Retrieved April 4, 2017.
  3. ^ a b "Topics of Interest in Wall Street Yesterday". The New York Times. New York City, New York. April 15, 1942. Retrieved April 4, 2017.
  4. ^ a b Markham, Jerry W. (2002). A Financial History of the United States: From Christopher Columbus to the Robber Barons (1492-1900). M.E. Sharpe. p. 284. ISBN 9780765607300.