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Changing New York; Custom House Statues and New York Produce Exchange

The U.S. Custom House Statues taken from the steps of the of the Custom House looking toward the Victorian Produce Exchange. Bowling Green at the foot of Broadway.

1936

2 Broadway

Changing New York; Custom House Statues and New York Produce Exchange

The U.S. Custom House Statues taken from the steps of the of the Custom House looking toward the Victorian Produce Exchange. Bowling Green at the foot of Broadway.

IMAGE DATE1936
FromMuseum of the City of New York logoMuseum of the City of New York

New York Produce Exchange, July 23, 1936.

Described in the late 1880s by the New York Times as "the most impressive exchange structure ever seen in Manhattan," the 1884 New York Produce Exchange Building, on a massive 150- by 300-foot site, housed the 1861-founded Exchange. The organization served a network of produce and commodities dealers and by the 1880s had the largest membership of any stock exchange in the world.

The Exchange building, designed by George Browne Post, was a red brick structure with inventive construction engineering. The metal framing of the building supported the floors but not the exterior walls, in a method later more common in skyscrapers. It was first building in the world to combine wrought iron and masonry in its structural construction. Post decorated the building's facade with somewhat delicate ornamentation, ships’ prows at the corners and medallions of corn, cows, and pigs. According to most reports though, the decoration was largely lost in the colossal scale of the building.

Extremely successful in its first few decades (in 1900 it saw $15 million a day in business), by the 1950s its membership and influence had decreased significantly. The Exchange decided they wanted a new, smaller building. The original building was demolished in 1957. Despite original plans for a William Lescaze-designed building, the replacement structure (referred to as 2 Broadway) was constructed between 1958 and 1959 to the designs of Emery Roth.

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