1 Hanover Square

Infobox nrhp
name = New York Cotton Exchange
nrhp_type = nhl

---

caption =
location = 1 Hanover Square, Manhattan, New York City, New York
lat_degrees = 40 | lat_minutes = 42 | lat_seconds = 16 | lat_direction = N
long_degrees = 74 | long_minutes = 0 | long_seconds = 36.6 | long_direction = W
area =
built =1851-1853
architect = Richard F. Carman
architecture = Renaissance
designated= December 22, 1977 cite web|url=http://tps.cr.nps.gov/nhl/detail.cfm?ResourceId=1303&ResourceType=Building
title=New York Cotton Exchange|date=2007-09-11|work=National Historic Landmark summary listing|publisher=National Park Service]
added = January 7, 1972cite web|url=http://www.nr.nps.gov/|title=National Register Information System|date=2007-01-23|work=National Register of Historic Places|publisher=National Park Service]
visitation_num =
visitation_year =
refnum = 72001586
mpsub =
governing_body =

1 Hanover Square also known variously as the New York Cotton Exchange and the India House is in lower Manhattan, New York City, New York. In 1870, the New York Cotton Exchange was founded here, the second such exchange in the world and the first commodity market in the United States. [ [http://tps.cr.nps.gov/nhl/detail.cfm?ResourceID=1303&resourceType=Building NHL Writeup] ]

It was declared a National Historic Landmark in 1977.citation|title=PDFlink| [http://pdfhost.focus.nps.gov/docs/NHLS/Text/72001586.pdf National Register of Historic Places Inventory-Nomination: New York Cotton Exchange] |535 KB|author=George R. Adams|date=December, 1976|publisher=National Park Service and PDFlink| [http://pdfhost.focus.nps.gov/docs/NHLS/Photos/72001586.pdf "Accompanying photo, exterior, from 1964."] |1.11 MB] [ [http://www.nr.nps.gov/writeups/72001586.nl.pdf NL Writeup] ]

Before the Cotton Exchange, it was the headquarters of the Hanover Bank. After 1914, it was the India House, a private club. [Bill Harris, "One Thousand New York Buildings", 2002, Black Dog and Leventhal, pg 33] . It currently houses restaurants.

The New York Cotton Exchange (NYCE) was founded in 1870 by a group of one hundred cotton brokers and merchants at 1 Hanover Square (aka India House) in New York City. The oldest commodities exchange in the city, well into the 20th Century, cotton was a leading American commodity for both export and domestic consumption. In that era, other major exchanges existed in the United States, such as the Memphis Cotton Exchange, Savannah Cotton Exchange, the New Orleans Cotton Exchange, and the Houston Cotton Exchange, plus the important Liverpool Cotton Exchange in Liverpool, England. The NYCE and the Memphis Cotton Exchange are the only organizations of that group still active today.

Annually until 1958, the NYCE published the "Cotton Year Book" that contained the year's statistics on the cotton industry. Over the years, the NYCE created various subsidiaries to trade non-cotton contracts, including the Wool Associates, the Citrus Associates, the Tomato Products Associates, and the Financial Instruments Exchange (FINEX). In 1998, the New York Board of Trade (NYBOT) became the parent company of both the New York Cotton Exchange and the Coffee, Sugar and Cocoa Exchange (founded 1882).

The New York Cotton Exchange was a tenant at 4 World Trade Center, 8th floor on September 11, 2001. Following the terrorist attacks that day it had to relocate to temporary facilities in Long Island City that had been set up as an emergency backup location following the 1993 World Trade Center bombing. Since 2003, its headquarters and trading facility have been in the New York Mercantile Exchange Building in Lower Manhattan.

ee also

*New Orleans Cotton Exchange, also a National Historic Landmark
*Economy of New York City

References

External links

* [http://www.nybot.com/ New York Board of Trade]