Banking in Manchester
Manchester's first bank was the Manchester Bank of
Co-operative Insurance Tower
on Miller Street.
Commerce in Manchester
Manchester was cotton. In the early nineteenth century, there was some
Redhill Street in Ancoats, but as the century progressed spinning moved away from the city centre, to towns such as Bolton and Oldham, and weaving further away towards north and east Lancashire. Manchester was where the merchants met to sell their grey cloth. Manchester merchants, bought the grey (unfinished cloth had it bleached, dyed and printed and finishes and packed. He finances the cloth until it is bought by a foreign importer. Some merchants import cotton, and have cotton mills in Bombay or Shanghai while also exporting there. They met to trade twice a week at the Royal Exchange building, on the largest trading floor in the world. Eight thousand members would have an allocated spot on the floor. Trading was a quiet matter between buyer and seller.[3] Around the city were the warehouses that acted as showrooms and packing facilities. Near the stations
were the shipping warehouses of the railway companies.
The Early Banks
- Manchester Bank of Byrom, Allen, Sedgwick and Place built on Bank Street in 1771.[1] Demolished.
- John Jones, Bankers and Tea Dealers [4]
- Heywood's Bank King Street (1784) then St Ann's Square [4]
- Brooks Bank, Market Street (1827), Brown Street then Lombard Chambers, Brown Street.[5]
- Bank of England, King Street (1845) [6]
- Bank of Manchester, Market Street (1829)[7]
- Manchester & Liverpool District Bank, Spring Gardens (1834) [7]
- Manchester & Salford Bank, Mosley Street (1836)[7]
- Manchester & Salford Bank, 38-42 Mosley Street: now Williams & Glyn's and thus Royal Bank of Scotland
- Lancashire & Yorkshire Bank, 73,5 King Street:[5]
- William Deacons Bank, 45 Mosley Street/ York Street: now Williams & Glyn's and thus Royal Bank of Scotland[8]
- The Manchester and County (1862)
References
- Notes
- ^ a b Parkinson-Bailey 2000, pp. 87–95
- ^ Co-operative Financial Services History . Retrieved 18 December 2008.
- ^ Parkinson-Bailey 2000, p. 94
- ^ a b Parkinson-Bailey 2000, p. 88
- ^ a b Parkinson-Bailey 2000, p. 93
- ^ Parkinson-Bailey 2000, p. 91,144
- ^ a b c Parkinson-Bailey 2000, p. 89
- ^ Parkinson-Bailey 2000, p. 175
- Bibliography
- Parkinson-Bailey, John J (2000). Manchester: an Architectural History. Manchester: ISBN 0-7190-5606-3.
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