There are many things that Cincinnati is known for: Procter & Gamble, Kroger Corp., Gold-Star Chili and Graeter’s ice cream, to name a few. But hidden behind the façade of laundry detergent and bean-less chili is the untold story of a regional stock exchange that traded such companies as Delta Air Lines and American Electric Power Co.
As early as 1858, there was a stock exchange in Cincinnati located at 83-85 Walnut Street where members met every Wednesday and Saturday. However, the Cincinnati Stock Exchange (CSE) was not organized until March 7, 1885, when twelve brokers agreed to meet at the office of E.N. Laralde on 29 W. Third Street each day to buy and sell securities.
Nearing the end of the year, Governors of the Cincinnati Stock Exchange decided to open up the Exchange floor for informal meetings, but not for record trading or official quotations. The Exchange was to have its first informal session the following Monday, to be held daily at eleven o’clock.