Wednesday, June 29, 2011

Milwaukee - Home of the trading pit

A lot of people don't realize that the trading pit was invented at the Milwaukee Grain Exchange, which no longer exists, in the 1870s.  The building however was recently restored (without the trading pit) and is as much a reproduction as a restoration due to the amount of neglect since the exchange closed in the 1930s.

Photo of the Milwaukee Grain Exchange in 1912

Inside photo of the grain exchange w/the pit located behind the pillar.  Below shows people at the cash grain tables inspecting physical grain samples.

all photos from

A very excellent 12 minute audio clip from Milwaukee public radio describes the building and the role of Milwaukee grain trading, linked here

I've yet to visit the building but will later in the fall when I go up to Milwaukee for the PBR, and not the local kind.

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