New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-07-21
SPACE FOR lSTOCH EXCHANGE
PRACTICALLY CERTAIN THAT DURING
BUILDING OPERATIONS IT WILL BE
SECURED on MAIN FLOOR OF
PRODUCE EXCHANGE.
PRODUCE EXCHANGE

Arrangements have been virtually completed
Whereby TIE New-York Stock Exchange during
The tine that VIII be necessary to erect its new
r-flsl-z VIII be housed II the Produce Exchange
Yesterday the following notice was posted on the
Produce Exchange;
A. meeting Of the Board Of Managers held on
Tfa-s5zE. July p. an application was received
ron The Board Of Governors Of the New-Tork
sock Exchange requesting that we accommodate
il-em with s7aee on our main floor from April Is,
Is 70 May 4 1877 curing the constipation OF their
new exchange. Il was decided wise by your Board
Of Managers TO extend the courtesy asked on terms
I9eszeat Vas requested 10 cali public meeting
q tie Exchange 70 authorize your Board TO make
required.
Negotiations for the lease have been under way
for some tine. and It Is not doubted that the mem
be-s q the Produce Exchange viii indorse the rec
concentration q the Board OF Managers. Il is IN
Se-s--7s thar the Stock Exchange will have amor
tIcnsd il that end Of the main floor Of the Prod
ice Exchange fronting on Soonest. This floor has
6 greater uninterrupted area than any structure
n The city. save Madison Square Garden By run
rrE partition through the centre OF the room SUI
fcie1t space can be obtained for both exchanges
without serious inconvenience 10 the members Of
either Il the lease IS consuErnated the Stock Ex-
change VIII pay a rental. II is understood of more
thar SO 600 & year
For several years the authorities Of the New
YORK stock Exchange have been intent upon build
irg more ccmnodious home than they now pos
sess To that end during the last two years the
properties adjoining Il the north and south have
been purchased a q cost Of $4,000. Upon this
sire VIII Re crested z building which viii occupy q
square space OF about 80 feet IN each direction To
De exact the Broad-sr front viii measure I49
feet ard the Newest end l53 feet. The side walls
Of the building following the lines OF the lots &C
oui-e5 viii be q little irregular, but the distance
II s-rtghr Ire from Broad-sJ. 10 Newest is $50
feet There VIII De third entrance On the narrow
strip q land now occupied for the same purpose
a No e Wau-st
George 3. Post IS preparing final plans for the
building. which VIII be Of steel and cut stone Al
though the details Of these plans have not Yet been
made known. X Is expected thar for the main hall
II The rev Exchange an U1tncumoered floor space
Of about L 90 square feet viii be provided. Ample
space VIII De made IN the new structure for aG-
ull-ts--z-iCC Offices committee rooms and coat
rooms. and other COlVeliences for the members
The Stock Exchange moved into rs present quar-
tiers about th--ty-hve years ago. The building was
then known as Nos. 10 and = BroaC-st., and meas
ure5 only about fifty feet in width. In 1870 and
Isl wings were added either side by the acquisi
ZION q adjoining lots. Prior 70 1855 the Stock Elk
change was a. the rear Of the property now Occu-
riad by the Lords Court Building, in WiLIanl-sJ.
The top floor Of the old Corn Exchange also housed
the Stock Exchange al one time and before that
the Merchants Exchange Building, on part OF the
site Of the existing Custom House was the meeting
place The Exchange was organized IN 1872 and
is earliest daily sessions were held in the old his
-g-scaI Tou-fne Coffee House which stood at the
corner Of Wau and Water SIS.
The arTau ger1ents FOR the erection OF the new
building are n The hands Of e special committee
consisting Of the following members; r H
Thomas chairman; !. 7. Atterbury, : ; stout,
Pusoluh Keppier. 2 P DOrenus, B. GroesDeck
and z Q. :. Noble