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Overview

J.M. Shotwell was the President of the San Francisco Grain Exchange in 1883, assisted by Philip Gerold, Secretary. It operated in the Financial District at 333 Pine Street. (See the San Francisco, California, City Directory, 1883, p. 915.)

Building History

The San Francisco Grain Exchange operated in a room set aside in the Stock Exchange Building in 1882. The Pacific Rural Press outlined the basics of the new market space in its 05/06/1882 issue: "The Board of Directors of the san Francisco Grain Exchange have selected the Nevada bank, Bank of California, London and San Francisco bank (Limited), Anglo-California bank, Lazard Freres, First National Bank and Grangers' bank as the places of deposit for margins on time contracts made on the Exchange. The committee on Classification has reported standards of classification for the articles as yet placed upon the trade list by the Board of Directors. Wheat, barley and grain sacks will only be called. The Board of Directors have secured for the open sessions of the Exchange, the basement office fronting Pine street in the northeast corner of the Stock Exchange building. These rooms will be kept open from 9:30 in the morning to 4 o'clocj in the afternoon, and are intended as a place of general rendezvous for the members of the Exchange and their customers, and where all persons having business and orders to fill in the commodities dealt in a the Exchange may meet and trade throughout the day. In this room will also be displayed the special telegrams from London and Liverpool, and from the cities of the Eastern States, that the Committee on Information and Statistics is making preparations to have received by the Exchange for the benefit of members. As soon as these preliminary preparations are completed, the formal calls in the Exchange will be inaugurated, which will be about the 15th prox." (See "San Francisco Grain Exchange," Pacific Rural Press, vol. 23, no. 18, 05/06/1882, p. 353."

PCAD id: 20501