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New Orleans Cotton Exchange Building

New Orleans, Louisiana
County of Orleans.
231 Carondelet Street
National Register Number: 77000675
Resource type: Building.
Property type: Commerce/Trade - financial institution.
Congressional District: LA-2 Certified Local Government: NO
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Current use/information: Active Exchange.

Statement of Significance (as of designation - December 22, 1977):
Since 1921, this eight story steel-framed stone building has been the headquarters of the New Orleans Cotton Exchange. Organized in 1871, the exchange was the principal spot market of the world and a leading futures market, outranked only by Liverpool and New York, well into the 1920s. The success of the exchange was due in large part to its first superintendent and long-time secretary, Henry G. Hester, the "Father of Cotton Statistics," whose work reduced investment risk.

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