The Coal Exchange

The Coal Exchange first opened as the Coal and Shipping Exchange was a market floor for trading in coal in Cardiff, Wales. It is situated in Mount Stuart Square in Butetown, and was for many years the hub of the city's prosperous shipping industry. It later became a music venue, with offices remaining in use in the West Wing, before being closed indefinitely in 2013 due to building safety issues. Following a series of proposals to demolish the building, Cardiff Council purchased the Coal Exchange, and in 2016 it was announced that the building was to be fully refurbished as a hotel, with a museum detailing the history of the building and of the Cardiff Docks. HistoryBefore the Coal Exchange was built in Mount Stuart Square, the area was a residential square with a central garden. It was taken over by commerce as the city grew in prosperity. Coal merchants used to chalk up the changing prices of coal on slates outside their offices or struck deals in the local public houses. As Cardiff became the biggest coal port in the world, the building was constructed between 1884 and 1888 by Edwin Seward as a base from which to conduct trade negotiations regarding the coal mines of the South Wales Valleys – most of which was shipped to Cardiff for distribution. The building played an important role in the industrial Cardiff of the 19th century. Paired Corinthian columns, an oak balcony, and rich wood panelling adorn the trading hall, which was reconstructed by Edwin Seward in 1911. Following its opening, coal owners, ship owners and their agents met daily on the floor of the trading hall where agreements were made by word of mouth and telephone. During the peak trading hour of midday to one o'clock, the floor might have as many as 200 men gesticulating and shouting. It was estimated that up to 10, 000 people would pass in and out of the building each day. At one time the price of the world's coal was determined here.

The Coal Exchange first opened as the Coal and Shipping Exchange was a market floor for trading in coal in Cardiff, Wales. It is situated in Mount Stuart Square in Butetown, and was for many years the hub of the city's prosperous shipping industry. It later became a music venue, with offices remaining in use in the West Wing, before being closed indefinitely in 2013 due to building safety issues. Following a series of proposals to demolish the building, Cardiff Council purchased the Coal Exchange, and in 2016 it was announced that the building was to be fully refurbished as a hotel, with a museum detailing the history of the building and of the Cardiff Docks. HistoryBefore the Coal Exchange was built in Mount Stuart Square, the area was a residential square with a central garden. It was taken over by commerce as the city grew in prosperity. Coal merchants used to chalk up the changing prices of coal on slates outside their offices or struck deals in the local public houses. As Cardiff became the biggest coal port in the world, the building was constructed between 1884 and 1888 by Edwin Seward as a base from which to conduct trade negotiations regarding the coal mines of the South Wales Valleys – most of which was shipped to Cardiff for distribution. The building played an important role in the industrial Cardiff of the 19th century. Paired Corinthian columns, an oak balcony, and rich wood panelling adorn the trading hall, which was reconstructed by Edwin Seward in 1911. Following its opening, coal owners, ship owners and their agents met daily on the floor of the trading hall where agreements were made by word of mouth and telephone. During the peak trading hour of midday to one o'clock, the floor might have as many as 200 men gesticulating and shouting. It was estimated that up to 10, 000 people would pass in and out of the building each day. At one time the price of the world's coal was determined here.