San Francisco Mining Exchange

San Francisco Mining Exchange
TypeRegional stock exchange
LocationSan Francisco, California, United States
Founded1862 as the San Francisco Stock Exchange
ClosedAugust 1967
CommoditiesMinerals and natural resources

The San Francisco Mining Exchange was a regional stock exchange in San Francisco that operated from 1862 until its closure in 1967.

Formed in 1862 to facilitate the trading of mining stocks[1] as the San Francisco Stock Exchange,[2] the Chicago Tribune described the exchange as "once the West's most flamboyant financial institution."[3]

It sold the name San Francisco Stock Exchange to the San Francisco Stock and Bond Exchange[4] in December 1927[5] and was renamed the San Francisco Mining Exchange.[2] The exchange agreed to deal solely in mining securities as part of the same deal,[4] and also sold its building at 350 Bush Street to the San Francisco Curb Exchange.[1]

After years of ups and downs in the mining market, the exchange had "a second life" during the uranium boom of the 1950s.[3] 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."[3] The exchange closed at the age of 105 in August 1967.[3][6]

  1. ^ a b Cite error: The named reference swigco was invoked but never defined (see the help page).
  2. ^ a b Cite error: The named reference nyt-later-curbsf was invoked but never defined (see the help page).
  3. ^ a b c d Cite error: The named reference ct-dead was invoked but never defined (see the help page).
  4. ^ a b "Stock Sales Jump in San Francisco; President of Exchange Shows Increase of 160 Per Cent in Turnover in Year". New York Times. November 4, 1928. Retrieved June 1, 2017.
  5. ^ Cite error: The named reference nyt-sf-curb was invoked but never defined (see the help page).
  6. ^ Cite error: The named reference founding-fracchia was invoked but never defined (see the help page).