Gerstenberg & Company

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Gerstenberg & Company, Inc.
Founded 1856 to 1986
Headquarters Chicago

Gerstenberg & Company was a Chicago Board of Trade member firm founded in 1856 by Charles Gerstenberg.[1][2][3][4][5] Charles son Erich joined the CBOT in 1879 and son Adolph joined in 1882 and Gerstenberg & Company had four generations of Gerstenbergs that worked for the company before it was sold to fellow CBOT firm O'Connor & Company, Inc. in 1986.[6][7][8]

History

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Adolph Gerstenberg's father, Charles, had been a charter member of the Chicago Board of Trade in 1848. Four generations of Gerstenbergs served on the board of directors of the CBOT.

Gerstenberg became a clearing member of the CBOT in 1915. The cleared owned and leased grain elevators and cleared agricultural futures business for commercial grain firms and local traders.

Key People

Art Jost, Sr., Dan Kelley and Mike Forrester were partners and or executives with Gerstenberg. Kelley later left the firm to form Kelley Grain.

Raymond A. Gerstenberg. was also a partner of the firm. He also served as a member of the board of the CBOT.[9] He passed away in 1986.

Adolph Gerstenberg, son of founder Charles, served as a director of the CBOT and chairman of the grain committee.

Erich Gerstenberg, son or Charles, worked for the firm, left to form his own firm, then later rejoined the firm in 1899 and worked with his brother Adolph.

References

  1. Annual report of the trade and commerce of Chicago, Volume 64. Chicago Board of Trade.
  2. Annual report of the Board of Trade of the City of Chicago, Volume 60. Chicago Board of Trade.
  3. Gerstenberg Headstone. Armknecht Chicago Photos.
  4. Third Annual Statement of the Trade and Commerce of Chicago for the year ending December 31, 1861 Reported to the Chicago Board of Trade. Chicago Board of Trade.
  5. SEVENTH ANNUAL STATEMENT OF THE TBADE AND COMMERCE OF cHICAGO FOR THE YEAR ENDING MARCH 31, 1865 REPORTED TO THE CHICAGO BOARD OF TRADE. Chicago Board of Trade.
  6. Raymond Gerstenberg,Board Of Trade Senior. Chicago Tribune.
  7. Herringshaw's city blue book of biography : Chicagoans of 1919 (Volume 1919). Google Books.
  8. History of the Board of Trade of the City of Chicago. University of Illinois.
  9. History of the Board of Trade of Chicago. Chicago Board of Trade.