The Manchester Stock Exchange, later a branch of the Northern Stock Exchange, is now a

Grade II listed In the United Kingdom, a listed building or listed structure is one that has been placed on one of the four statutory lists maintained by Historic England in England, Historic Environment Scotland in Scotland, in Wales, and the Northern Irel ...

hotel. at 2–6 Norfolk Street,

Manchester Manchester () is a city in Greater Manchester, England. It had a population of 552,000 in 2021. It is bordered by the Cheshire Plain to the south, the Pennines to the north and east, and the neighbouring city of Salford to the west. The t ...

. It was built at a cost of £86,000, between 1904 and 1906 by

Bradshaw, Gass and Hope Bradshaw Gass & Hope is an English architectural practice founded in 1862 by Jonas James Bradshaw (–1912). The style "Bradshaw Gass & Hope" was adopted after his death referring to the remaining partners John Bradshaw Gass and Arthur John Hope ...

, the

Bolton Bolton (, locally ) is a large town in Greater Manchester in North West England, formerly a part of Lancashire. A former mill town, Bolton has been a production centre for textiles since Flemish people, Flemish weavers settled in the area i ...

architectural practice responsible for many of Manchester's iconic buildings.

Description

A three-storey rectangular

Edwardian Baroque Edwardian architecture is a Neo-Baroque architectural style that was popular in the British Empire during the Edwardian era (1901–1910). Architecture up to the year 1914 may also be included in this style. Description Edwardian architecture is ...

building on an island site, the Manchester Stock Exchange is built in

Portland stone Portland stone is a limestone from the Tithonian stage of the Jurassic period quarried on the Isle of Portland, Dorset. The quarries are cut in beds of white-grey limestone separated by chert beds. It has been used extensively as a building sto ...

. The ground floor displays the same channelled rock face rustication as at Stockport Central Library. There is a strong

cornice In architecture, a cornice (from the Italian ''cornice'' meaning "ledge") is generally any horizontal decorative moulding that crowns a building or furniture element—for example, the cornice over a door or window, around the top edge of a ...

and two further floors, with the central five

bays A bay is a recessed, coastal body of water that directly connects to a larger main body of water, such as an ocean, a lake, or another bay. A large bay is usually called a gulf, sea, sound, or bight. A cove is a small, circular bay with a narr ...

having

oriel windows An oriel window is a form of bay window which protrudes from the main wall of a building but does not reach to the ground. Supported by corbels, brackets, or similar cantilevers, an oriel window is most commonly found projecting from an upper f ...

surmounted by

colonnade In classical architecture, a colonnade is a long sequence of columns joined by their entablature, often free-standing, or part of a building. Paired or multiple pairs of columns are normally employed in a colonnade which can be straight or curv ...

d windows. The end two bays are open

pedimented Pediments are gables, usually of a triangular shape. Pediments are placed above the horizontal structure of the lintel, or entablature, if supported by columns. Pediments can contain an overdoor and are usually topped by hood moulds. A pediment ...

with

coupled column A coupled column (also accouplement, twinned or paired column) is one of a pair of columns that are installed nearer together and wider with others. The coupled columns should be of the same order and set closer enough to almost touch each other a ...

s, and the square headed doors feature carved shields in their pediments.

Pevsner Pevsner or Pevzner is a Jewish surname. Notable people with the surname include: * Aihud Pevsner (1925–2018), American physicist * Antoine Pevsner (1886–1962), Russian sculptor, brother of Naum Gabo * David Pevsner, American actor, singer, dan ...

described the interior as having "a magnificent hall with a

dome A dome () is an architectural element similar to the hollow upper half of a sphere. There is significant overlap with the term cupola, which may also refer to a dome or a structure on top of a dome. The precise definition of a dome has been a m ...

supported at the corners by

pilasters In classical architecture, a pilaster is an architectural element used to give the appearance of a supporting column and to articulate an extent of wall, with only an ornamental function. It consists of a flat surface raised from the main wall ...

clad in sensuous green and cream

marble Marble is a metamorphic rock composed of recrystallized carbonate minerals, most commonly calcite or Dolomite (mineral), dolomite. Marble is typically not Foliation (geology), foliated (layered), although there are exceptions. In geology, the ...

History

The first Manchester

stock exchange A stock exchange, securities exchange, or bourse is an exchange where stockbrokers and traders can buy and sell securities, such as shares of stock, bonds and other financial instruments. Stock exchanges may also provide facilities for th ...

opened in 1836, as a branch of the

London Stock Exchange London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Pau ...

, to allow regional businesses to raise finance and trade those

shares In financial markets, a share is a unit of equity ownership in the capital stock of a corporation, and can refer to units of mutual funds, limited partnerships, and real estate investment trusts. Share capital refers to all of the shares of an ...

and bonds locally. The exchange

listed Listed may refer to: * Listed, Bornholm, a fishing village on the Danish island of Bornholm * Listed (MMM program), a television show on MuchMoreMusic * Endangered species in biology * Listed building, in architecture, designation of a historicall ...

railway companies as well as those involved in insurance, mining and manufacture, helping bring a " joint stock mania" to Manchester. The thriving stock exchange was continually short of space and so this new building that reflected the confidence of the community was commissioned. Initially, trade in the new premises trebled and it became the busiest regional exchange for industrial stocks in the country. Trading on the market was severely disrupted by the

Wall Street Crash of 1929 The Wall Street Crash of 1929, also known as the Great Crash, was a major American stock market crash that occurred in the autumn of 1929. It started in September and ended late in October, when share prices on the New York Stock Exchange colla ...

and eventually, as with other regional exchanges, its role became very much secondary to the capital market in London. In the 1960s it was reduced to being a branch of the Northern Stock Exchange, a grouping of fellow regional exchanges. 1973's merger of the Northern Stock Exchange and

led to computerisation of the

trading floor Open outcry is a method of communication between professionals on a stock exchange or futures exchange, typically on a trading floor. It involves shouting and the use of hand signals to transfer information primarily about buy and sell orde ...

but shortly afterwards that was closed, the premises employed as offices. The building became a restaurant then was bought for £1.5 million by former

Manchester United Manchester () is a city in Greater Manchester, England. It had a population of 552,000 in 2021. It is bordered by the Cheshire Plain to the south, the Pennines to the north and east, and the neighbouring city of City of Salford, Salford to ...

footballers,

Gary Neville Gary Alexander Neville (born 18 February 1975) is an English football pundit and former player. He is also a co-owner of English Football League club Salford City. After retiring from football in 2011, Neville went into punditry and was a comm ...

and

Ryan Giggs Ryan Joseph Giggs (né Wilson; 29 November 1973) is a Welsh association football, football coach and former player. Regarded as one of the greatest players of his generation, Giggs played his List of one-club men in association football, entir ...

. They obtained planning permission to turn it into a 35-room hotel in 2015. A

homeless Homelessness or houselessness – also known as a state of being unhoused or unsheltered – is the condition of lacking stable, safe, and adequate housing. People can be categorized as homeless if they are: * living on the streets, also kn ...

activism Activism (or Advocacy) consists of efforts to promote, impede, direct or intervene in Social change, social, Political campaign, political, economic or Natural environment, environmental reform with the desire to make Social change, changes i ...

group

squatted Squatting is the action of occupying an abandoned or unoccupied area of land or a building, usually residential, that the squatter does not own, rent or otherwise have lawful permission to use. The United Nations estimated in 2003 that there ...

the building site in 2015 and renamed it the "

Sock A sock is a piece of clothing worn on the feet and often covering the ankle or some part of the calf. Some types of shoes or boots are typically worn over socks. In ancient times, socks were made from leather or matted animal hair. In the late ...

Exchange" to publicise their provision of clothes to rough sleepers. Neville and Giggs gave the group their support and allowed them to stay in the uncompleted building over winter.

References

{{reflist

External links

Stock Exchange Hotel
Bradshaw, Gass & Hope buildings Grade II listed buildings in Manchester Commercial buildings in Manchester Former stock exchanges in the United Kingdom Squats in the United Kingdom