Coal Exchange

Coal Exchange
The Coal Exchange

The Coal Exchange is a live music venue in Cardiff, Wales, originally used a market floor for trading in coal.

Coal Exchange is situated in Cardiff Bay, near The Point, Cardiff, and is used extensively for live music and other events on the Cardiff music scene. It has a capacity of 1,000.[1]

Contents

History

The Coal Exchange logo

Before the Coal Exchange was built in Mount Stuart Square, the area was a residential square with a central garden. It was taken over by commerce as the city grew in prosperity. Coal merchants used to chalk up the changing prices of coal on slates outside their offices or struck deals in the local public houses.[2]

As Cardiff became the biggest coal port in the world, the building was constructed between 1883 and 1886 by Edwin Seward as a base from which to conduct trade negotiations regarding the coal mines of the South Wales Valleys - most of which was shipped to Cardiff for distribution.

The building played an important role in the industrial Cardiff of the 19th century. Paired Corinthian columns, an oak balcony, and rich wood paneling adorn the trading hall, which was reconstructed by Edwin Seward in 1911.[3]

Following its opening, coal owners, ship owners and their agents met daily on the floor of the trading hall where agreements were made by word of mouth and telephone . During the peak trading hour of midday to one o'clock, the floor might have as many as 200 men gesticulating and shouting. It was estimated that up to 10,000 people would pass in and out of the building each day. At one time the price of the world's coal was determined here.[2]

The first £1,000,000 cheque was written at the Coal Exchange during a transaction at the turn of the 20th century in 1901 (equivalent to £77,837,086.09 today [4]). 2500 tonnes of coal were transported to France.[3]

Post-war period

Cardiff's reliance on coal made the Bute Docks highly vulnerable to any downturn in the demand for it. With the end of the war the docks went into further decline. The Coal exchange closed in 1958 and coal exports came to an end in 1964.

The Coal Exchange was earmarked in 1979 as a future home of the proposed Welsh Assembly, but the plan for devolution was rejected by the Welsh people in a referendum.[2]

Re-opening

In 1988 the building was re-acquired and subsequently completely refurbished in 2001 to turn it into a major venue. The venue has hosted acts such as the Arctic Monkeys, Manic Street Preachers, Ocean Colour Scene, Stereophonics and Biffy Clyro.[5]

Access

Coal Exchange is served by Cardiff Bay railway station and Cardiff Bus service 7, 8, 35, and Baycar.[6]

References

  1. ^ Coal Exchange | Tech Spec
  2. ^ a b c BBC | South East Wales | Coal Exchange and Mountstuart Square
  3. ^ a b Coal Exchange | History
  4. ^ http://www.measuringworth.com/index.html
  5. ^ Open Mic | Venues | Cardiff Coal Exchange
  6. ^ Coal Exchange | Location

See also

External links

Media related to Coal Exchange at Wikimedia Commons

Coordinates: 51°27′56″N 3°10′06″W / 51.46544°N 3.1682°W / 51.46544; -3.1682


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