LaSalle Street at
Jackson Boulevard
Visitors’ Center open Monday through Friday from 8am to
2pm
free admission
The
Chicago Board of Trade rears up at the end of LaSalle
Street like the prow of a financial Titanic. This one
seems to really be unsinkable. Designed in 1928 by
architects Holabird and Root, the limestone facade is an
elegant Art Deco landmark, topped by artist John Storr’s
silvery statue of Ceres, the Roman goddess of grain. She
holds a sheaf of wheat in one hand, and a bag of corn in
the other. It’s perfectly natural to mistake the latter
for a sack of money, given the context in which she
appears.
An
addition to the original building was designed by local
legend Helmut Jahn, whose controversial style defined a
decade of exuberant postmodern architectural experiments.
Completed in 1982, the addition works well as a modern
companion piece. Echoing the Deco lines of the original,
Jahn tied the buildings together with color, massing, and
interior detail. In respectful recognition of the
building’s history, a 1930 mural of Ceres designed and
executed by Chicago artist John Warner Norton for the
trading floor was reinstalled in the 12th floor atrium of
Jahn’s annex.
To see the new
Chicago Board of Trade in action, make your way up to the
visitors’ gallery on the 5th floor. With its banks of
steeply raked seats, the trading floor looks like a
mercantile UN. An acute visual angle from the visitors’
gallery lends an otherworldly quality to the proceedings;
voices float up from the floor as if from a great
distance. The baroque stratification of markets in this
institution evokes imperial bureaucracies, too: federal
funds, bonds, bond options, municipal bonds, ten-, two-,
and five-year notes and options, Dow options, gold and
silver, are all traded here in site-specific markets.
You know you’re in
the modern world, however, as you survey the incredible
mosaic of television screens in serried ranks above the
pits. Some of them are an electronic update of the old
tickertape machines, while others display news broadcasts
of particular interest to traders, brokers, and their
clients.
There’s a peppy,
sixteen-minute film shown for the benefit of visitors,
which strives for simplicity and comprehensibility,
actually succeeding, for the most part. Taking one of
several vertiginous escalators between floors, you may
visit the in-house art gallery, showing graphic works
reflecting the Board of Trade experience. A small
exhibition of historic objects and ephemera will please
those with a nostalgic bent.