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The Spokesman-Review Newspaper
Spokane, Washington  Est. May 19, 1883

Huckleberries Online

Pennaluna Shuts Wallace Doors

Pennaluna & Co. is closing its Wallace doors to-day. This was one of the oldest stock brokerages in the nation, founded in 1926 by Alex Pennaluna, and led to the creation of the Spokane Stock Exchange, which bankrolled the Sunshine Mine and many other NYSE-listed mining companies, all starting as penny-stocks. Benny Harrison, the last dean of the Spokane Exchange, was CEO of Pennaluna and as Harry Magnuson said, died with his boots on his desk. Jerome Bunde, Pennaluna's last Wallace broker, will be sorely missed. If you ever wanted your attitudes fixed, Jerome was the guy/David Bond, Wallace Street Journal. More here.

Question: Do you now -- or did you ever -- have dealings with Pennaluna & Co?



D.F. Oliveria
D.F. (Dave) Oliveria joined The Spokesman-Review in 1984. He currently is a columnist and compiles the Huckleberries Online blog and writes about North Idaho in his Huckleberries column.

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