The gold economy

The gold economy
The first gold weighing 350oz was sent to Pietermaritzburg on 12 April 1887. The first share transaction happened in a miner's tent in Ferreira's Camp. Smith doesn't give the date but the first shares to be quoted at a stock exchange occurred on June 1887. From the tent business moved to Johannesburg's first stock exchange: Donovans' livery stables on the corner of Sauer and Commissioner streets, and then on to a brick building on Commissioner Street, with stained glass windows, tiled lavatories, 20 columns, a bar, offices and a front porch. Joburg's first slump occurred in 1891, as reported in the SA Mining Journal of 1912, brought about when all the alluvial gold had run dry, and serious capital was needed to mine below the surface. The first bank to open in the town was the Standard Bank, opening on 11 October 1886, in a tent. From the tent it moved to a thatched cottage. The bank manager was DP Ross and the bank clerk was P Mynhardt. The building stood at the entrance to Ferreira and Worcester, at 185 Anderson Street. Photo: https://goodthingsguy.com/business/south-africa-gold-resource/

The first gold weighing 350oz was sent to Pietermaritzburg on 12 April 1887. The first share transaction happened in a miner's tent in Ferreira's Camp. Smith doesn't give the date but the first shares to be quoted at a stock exchange occurred on June 1887. From the tent business moved to Johannesburg's first stock exchange: Donovans' livery stables on the corner of Sauer and Commissioner streets, and then on to a brick building on Commissioner Street, with stained glass windows, tiled lavatories, 20 columns, a bar, offices and a front porch.

Joburg's first slump occurred in 1891, as reported in the SA Mining Journal of 1912, brought about when all the alluvial gold had run dry, and serious capital was needed to mine below the surface.

The first bank to open in the town was the Standard Bank, opening on 11 October 1886, in a tent. From the tent it moved to a thatched cottage. The bank manager was DP Ross and the bank clerk was P Mynhardt. The building stood at the entrance to Ferreira and Worcester, at 185 Anderson Street.

Photo: https://goodthingsguy.com/business/south-africa-gold-resource/