Memel Stock Exchange

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Exchange building

The Memel Stock Exchange was a Prussian regional stock exchange based in Memel .

history

Memel was traditionally a port and trading city due to its location at the river mouth . In 1776 the merchants in Memel decided to levy a voluntary export tax on the most important commercial products. The Memel Stock Exchange was built from the proceeds in 1777. This tax was initially disapproved by the Prussian government, but in the course of the 1790s an agreement was reached in which the merchants' right was confirmed to own land.

According to the Introductory Act to the Commercial Code of 1861, it was necessary to have the Exchange Rules approved. The stock exchange regulations of April 13, 1865 of the Memel Stock Exchange were approved by the Prussian Ministry of Commerce on June 12, 1865 .

Since the Empire was in Germany a strong concentration process among the exchanges instead. In 1914 there were still 24 stock exchanges, the stock exchanges in Berlin (66%), Frankfurt am Main (12%) and Hamburg (9%) together covered almost 90% of stock exchange trading. In Memel there was no more trading in securities , only goods trading was carried out.

building

The stock exchange building was at Börsenstrasse 15-17 in the center of the city on the banks of the Dange . At the rear was the monument square, where the town hall was also located. The front of the stock exchange building was on Börsenstrasse, which was led across the Dange as a stock exchange bridge (a swing bridge that could be opened for ships). The building was destroyed by gunfire and air raids in 1944 during World War II.

Individual evidence

  1. ^ Gerhard Willoweit: The economic history of the Memel area, vol. 1, pp. 360–384
  2. ↑ Exchange rules of April 13, 1865, printed in: Archive for Theory and Practice of General German Commercial Law, Volume 10, 1867, pp. 150 ff., Online
  3. ↑ Hans Pohl et al. (Ed.): German stock exchange history. 1992, ISBN 3-7819-0519-5 , p. 178.
  4. ^ Heinz Schön: The last days of the war: Baltic ports, 1995, ISBN 9783613016545 , p. 33

Coordinates: 55 ° 42 ′ 37 "  N , 21 ° 7 ′ 56.1"  E