Washington Stock Exchange

The exchange was active in Washington, D.C. as of October 24, 1884.{{cite news |author= |title=National Capital Topics |url=https://query.nytimes.com/gst/abstract.html?res=9A00E0D7113EEF33A25757C2A9669D94659FD7CF&legacy=true | work=The New York Times |location=New York City, New York |date=October 24, 1884 |access-date=March 29, 2017}} It was a tenant of the Washington Building at 15th and New York NW.{{cite news |last= Kelly|first= John|date=October 29, 2011 |title=What was the Washington Building? |url=https://www.washingtonpost.com/local/what-was-the-washington-building/2011/10/28/gIQA21sHTM_story.html |work=The Washington Post |access-date= April 1, 2017}}

On July 31, 1914, after the closing of the NYSE, the Washington Stock Exchange, "which deals mainly in local securities, followed the example of similar bodies in other cities and suspended business for the day."{{cite news |author= |title= Washington Alert to Aid Situation; Congress Extending Currency Privileges of Banks |url=https://query.nytimes.com/gst/abstract.html?res=9F00E4DA143AE633A25752C0A96E9C946596D6CF&legacy=true | work=The New York Times |location=New York City, New York |date=August 1, 1914 |page=5|access-date=March 29, 2017}} During a financial crisis, on August 5, 1914, the New York Times reported that the New York Stock Exchange and all regional exchanges had voted to close, including Washington, D.C., the Baltimore Stock Exchange, the Boston Stock Exchange, the Philadelphia Stock Exchange, the Pittsburgh Stock Exchange, and others for Detroit, St. Louis, Chicago, Cincinnati, Columbus, and San Francisco.{{cite book |last=L. Silber |first= William |title=When Washington Shut Down Wall Street: The Great Financial Crisis of 1914 and the Origins of America's Monetary Supremacy |date= 24 April 2014 |url=https://books.google.com/books?id=clwXAwAAQBAJ&dq=%22Baltimore+Stock+Exchange%22&pg=PA106 |publisher=Princeton University Press |page=106 |isbn=9781400851669 }}

On July 21, 1953, members of the Washington Stock Exchange board unanimously voted to merge with the Philadelphia-Baltimore Stock Exchange. The merger plan had been in negotiations at that point for 22 months under Washington exchange president Fenton Cramer. Cramer asserted that under the agreement, the Washington exchange would become a branch of the other exchange, with little change in actual trading activities expected. He described a major advantage of the merger as the establishment of a modern clearing house for security.{{cite news |author= |title= Exchange in Capital Votes Merger Plan|url=https://www.nytimes.com/1953/07/22/archives/exchange-in-capital-votes-merger-plan.html | work=The New York Times |location=New York City, New York |date=July 22, 1953 |page=40|access-date=March 29, 2017}} The Philadelphia-Baltimore Stock Exchange merged with the Washington Stock Exchange in 1954, creating the Philadelphia-Baltimore-Washington Stock Exchange.{{citation needed|date=March 2017}}

Lewis Johnson Davis, who died September 6, 1906, was earlier a president of the Washington Stock Exchange.{{cite news |author= |title=Death List of a Day; Lewis Johnson Davis. |url=https://query.nytimes.com/gst/abstract.html?res=9901E6D91F3EE733A25754C0A96F9C946797D6CF&legacy=true | work=The New York Times |location=New York City, New York |date=September 7, 1906 |page=9|access-date=March 29, 2017}} In late November 1901, W. A. Mearns was elected president of the Washington Stock Exchange.{{cite news |author= |title=Wall Street Topics |url=https://query.nytimes.com/gst/abstract.html?res=9A05EED6143FE433A25752C2A9679D946097D6CF&legacy=true | work=The New York Times |location=New York City, New York |date=November 21, 1901 |page=12|access-date=March 29, 2017}} As of March 1910, William B. Hibbs, "one of the wealthiest men in Washington," was president of the Washington Stock Exchange.{{cite news |author= |title= elen Hibbs Weds E.K. Legg.; Daughter of Wealthy Washington Broker Marries Without His Consent. |url=https://query.nytimes.com/gst/abstract.html?res=990DEEDA1E30E333A25752C1A9659C946196D6CF&legacy=true | work=The New York Times |location=New York City, New York |date=March 11, 1910 |page=7|access-date=March 29, 2017}} Charles C. Glover (1846-1936) was for a time president of the exchange.{{citation needed|date=March 2017}} George M. Ferris (died 1992) was a former president and chairman of the Washington Stock Exchange.[https://www.nytimes.com/1992/11/01/obituaries/george-m-ferris-99-ex-investment-banker.html George M. Ferris, 99, Ex-Investment Banker], The New York Times, November 01, 1992 By July 21, 1953, Fenton Cramer was president.

{{Portal|United States}}

• List of former stock exchanges in the Americas
• List of stock exchange mergers in the Americas
• List of stock exchanges
• Baltimore Stock Exchange

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Category:Former stock exchanges in the United States

Category:Economy of Washington, D.C.

Category:1954 disestablishments in the United States

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