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358:. At the time, some mines were producing extraordinary quantities of gold. The response from British investors resulted in a speculation boom. This did not hold, collapsing in 1888, but as the fabled Brilliant Reef was discovered in the following year, the fortunes of the field were not depressed for long.
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In 1890, the Stock
Exchange reformed along better organised lines and looked for new premises. The Royal Arcade was a wise choice, being centrally placed in the main business area and close to agents and banks. The Exchange signed an initial three-year lease for the use of an office and the courtyard
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Falling real estates values and vacant buildings allowed a number of private schools to establish themselves, providing a new economic life for
Charters Towers as an educational centre. Lack of pressure for expansion and development in Charters Towers meant that many of the buildings dating from the
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The boom had encouraged a number of local businessmen to replace their timber buildings with more substantial brick structures. Alexander
Malcolm, who had been on the field since the early 1870s was one of these, replacing his Malcolm's Buildings in Mosman Streets with an elegant arcade of shops and
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of gold-bearing ore. This meant that equipment to extract it and to dig shafts was needed from the start. There were several major reefs and they sloped downwards with loops and branches. The ore near the surface was extracted first. Later, deeper and deeper shafts were necessary to find and extract
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The building is now used for offices and shops. The art gallery which occupies the upper floor is named for the architect Don
Roderick, who has strong associations with Charters Tower and worked on a voluntary basis with the builder, Bob Aitken, to carry out the urgent work which saved the building
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who worked for Mosman. By early 1872 a rush was in progress with an estimated 4,500 on the field by the end of the year. In 1874, following goldfield regulations, a business area was marked out in an area believed to be non-auriferous. In 1877, when
Charters Towers petitioned for incorporation as a
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The Stock
Exchange Arcade was built in 1888 to the design of Sydney architect, Mark Cooper Day for Alexander Malcolm as a shop and office arcade and named the Royal Arcade. In 1890, the Stock Exchange took up its offices in the arcade which became the focus of gold-mining investment during the peak
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It is a rare, early example of an arcade in
Queensland and has aesthetic value as a work of architecture that is well liked by the community for its scale, landmark barrel vault entrance, traditional shop fronts, material and detail. It is associated with the establishment of the Charter's Tower's
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After 1899, the yield of
Charters Towers mines gradually diminished and increasing costs, due to the great depths at which gold was being mined, saw the return to investors falling. In 1912, the warden reported that the extreme depth for profitable mining had been reached. The population fell
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period when it was a world famous goldfield survived remarkably intact. However, the arcade was too large and grand for the reduced population and the type of business that they supported. The cost of maintenance eventually exceeded income from the building and it fell into disrepair.
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and when a
National Trust Branch was formed in Charters Towers, ownership of the arcade was transferred to the National Trust. The first stage of the conservation repaired the section facing the street, completed in 1972. The second stage conserved the rest of the building in 1975.
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boosted gold production for the field which peaked in 1899 at 319,572 ounces (9,059,700 g). The population also peaked in this year at around 26,500. Charters Towers was now the second most important city in
Queensland and an internationally noted goldfield.
530:). Its grand architecture illustrates the wealth and confidence of Charters Towers in the nineteenth century. The abrupt finish to the arcade, which appears to be uncompleted, evokes the rise and fall of fortunes typically connected with goldfield towns.
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In 1885, several mining agents formed themselves into a Mining Exchange. This made speculation through the buying and selling of mine shares possible. In 1886, a display featuring ore samples from the Charters Towers mines was set up at the
525:
The Stock Exchange Arcade is emblematic of the importance of the discovery of gold to the development of north Queensland. It was one of only two stock exchanges outside the capital, both of which were on goldfields (the other being the
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The shop fronts facing the street and within the arcade incorporate large timber framed windows with coloured glass above and cast iron vents above and below. Most of the joinery to the shop fronts is reconstructed. The original timber
555:
It is a rare, early example of an arcade in Queensland and has aesthetic value as a work of architecture that is well liked by the community for its scale, landmark barrel vault entrance, traditional shop fronts, material and detail.
538:
It is a rare, early example of an arcade in Queensland and has aesthetic value as a work of architecture that is well liked by the community for its scale, landmark barrel vault entrance, traditional shop fronts, material and detail.
374:
for their evening call at a rent of ten pounds a month. To begin with, two calls a day were made, one at noon and another, open to the public, in the evening. Public interest was such that this evening call was attended by crowds.
334:), this business area was defined as covering one square mile, measured as a half mile in each compass direction from the intersection of Gill and Mosman Streets. This area was the key business and social centre of the town.
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the gold. At first, small syndicates of miners, crushing mills and local business men financed the mines. As the lodes ran deeper, more capital was needed to exploit them than was available locally.
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with a galvanised iron roof which contains a small collection of mining artefacts is attached to the rear on one side and a modern toilet block to the other.
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tiles. It is entered through a two-storey structure which has offices on the upper floor and shops at street level. The central entrance is protected by a
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Its construction demonstrates the adaptation of the architectural forms of its period to the north Queensland climate by improved ventilation.
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sharply, as many people moved to coastal towns. In 1916, with little interest in new ventures from investors, the stock exchange closed.
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The place has a strong or special association with a particular community or cultural group for social, cultural or spiritual reasons.
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305:. It operated until 1916, when it had to be shut down due to the rapidly diminishing returns from the gold mines and population.
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It was originally designed for the local civic leader Alexander Malcolm and was connected to the rest of the world via
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and built in 1888 by Sandbrook Brothers of Sydney. It was originally known as the Royal Arcade. It was added to the
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The back of the property is grassed with a chain wire fence to the land behind. The lamp standard is not original.
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The place is important in demonstrating the principal characteristics of a particular class of cultural places.
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offices. The arcade was designed for him by Sydney architect Mark Cooper Day and was named the Royal Arcade.
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lead up to the rooms at first floor level which are linked by a bridge with a cast iron balustrade. The
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The economics of Charters Towers were closely bound up with the geology of the field. The gold was not
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Gold was discovered at the site of Charters Towers in late 1871 by a prospecting party composed of
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The place demonstrates rare, uncommon or endangered aspects of Queensland's cultural heritage.
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which projects out from the second storey over the pavement and is supported on timber posts.
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fence thought to have originally been at the rear of the arcade is now located at the front.
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with decorative inset webs. It is now glazed with modern wired glass. The arcade floor is
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panels. It is flanked on the upper storey by pairs of windows and by a metal
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on 8 October 2014). The geo-coordinates were originally computed from the
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and glazed in at the front with a variety of coloured glass incorporating
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of small offices on both sides of a central court covered with a glazed
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assay office, shop/s, gate – entrance, office/s, fence/wall – perimeter
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Location of Charters Towers Stock Exchange Arcade in Queensland
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Glazed vaulted roof (seen from the rear of the building), 2012
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The place is important because of its aesthetic significance.
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on 21 October 1992 having satisfied the following criteria.
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Image of Stock Exchange Arcade, Charters Towers, with notes
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supported by posts to the street on the lower floor. The
314:period of Queensland's most important goldfield.
756:Buildings and structures in Far North Queensland
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407:Charters Towers and Dalrymple Historical Society
680:This Knowledge article was originally based on
565:branch of the National Trust of Queensland.
325:, James Fraser and an Aboriginal boy called
409:. It was restored in conjunction with the
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701:"Queensland heritage register boundaries"
513:Stock Exchange Arcade was listed on the
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712:licence (accessed on 5 September 2014,
434:The Stock Exchange Arcade is a masonry
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628:"Stock Exchange Arcade (entry 600406)"
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35:Charters Towers Stock Exchange Arcade
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286:, Australia. It was designed by the
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163:Stock Exchange Arcade, Royal Arcade
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694:licence (accessed on 7 July 2014,
683:"The Queensland heritage register"
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389:Outside the Stock Exchange in 1900
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656:"Charters Towers - Places to See"
377:In 1892, the introduction of the
751:Charters Towers City, Queensland
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401:In 1971, it was acquired by the
379:McArthur-Forrest cyanide process
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116:1870s–1890s (late 19th century)
766:Retail buildings in Queensland
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352:Colonial and Indian Exhibition
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636:. Queensland Heritage Council
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498:A large, single storey brick
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771:National Trust of Queensland
761:Queensland Heritage Register
730:National Trust of Queensland
633:Queensland Heritage Register
515:Queensland Heritage Register
442:which is supported by steel
411:National Trust of Queensland
403:Charters Towers City Council
296:Queensland Heritage Register
153:Queensland Heritage Register
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737:, University of Queensland
418:and made it usable again.
369:The Stock Exchange in 1891
332:Borough of Charters Towers
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280:Charters Towers Region
209:Significant components
171:state heritage (built)
65:Charters Towers Region
726:Stock Exchange Arcade
716:on 15 October 2014).
660:Sydney Morning Herald
528:Gympie Stock Exchange
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341:, but in the form of
270:at 76 Mosman Street,
266:is a heritage-listed
46:Stock Exchange Arcade
18:Stock Exchange Arcade
298:on 21 October 1992.
272:Charters Towers City
97:20.0759°S 146.2567°E
57:Charters Towers City
706:State of Queensland
688:State of Queensland
405:as trustee for the
197:1888–ongoing, 1890–
93: /
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330:municipality (the
220:Sandbrook Brothers
192:Significant period
184:Reference no.
102:-20.0759; 146.2567
55:76 Mosman Street,
704:published by the
686:published by the
662:. 1 January 2009.
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204:(historical uses)
132:Malcolm Alexander
16:(Redirected from
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323:George Clark
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671:Attribution
500:assay house
478:balustraded
448:tessellated
422:Description
319:Hugh Mosman
202: 1916
100: /
88:146°15′24″E
76:Coordinates
71:, Australia
745:Categories
569:References
290:architect
284:Queensland
176:Designated
85:20°04′33″S
69:Queensland
466:cast iron
303:telegraph
137:Architect
129:Built for
124:1888–1888
714:archived
696:archived
640:1 August
339:alluvial
217:Builders
52:Location
481:parapet
455:portico
444:trusses
327:Jupiter
309:History
708:under
690:under
489:stairs
474:facade
470:awning
436:arcade
356:London
288:Sydney
187:600406
440:vault
343:reefs
121:Built
642:2014
168:Type
354:in
282:in
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