Former type Newspaper Founded 1865 | Industry Newspaper Defunct 1987 | |
Fate Folded in 1987 stock market crash Successor Hunt's Merchant's Magazine and Commercial Review | ||
The Commercial & Financial Chronicle was a business newspaper in the United States founded by William Buck Dana (1829–1910) in 1865. Published weekly, the Commercial & Financial Chronicle was deliberately modeled to be an American take on the popular business newspaper The Economist, which had been founded in England in 1843. It was the first national business weekly in the United States.
The Commercial & Financial Chronicle continued the legacy begun by Hunt's Merchant's Magazine and Commercial Review, a monthly business magazine, which was founded in 1839 by Freeman Hunt but disappeared during the American Civil War. They are together in many library collections. Dana continued as editor of the Chronicle until his death in 1910.
The Commercial & Financial Chronicle never had the large subscriber base or influence of The Wall Street Journal or Barron's. In 1872 its circulation was around 4,000 and reached 26,000 by 1922. Data from the publication is, however, used by many economic historians, as it is one of the few sources available. Douglas Steeples, Dana's biographer, wrote that "one can scarcely reconstruct the business history of the United States between the Civil War and 1910 without immersing oneself in his paper. Even the most important series of business statistics published by the U.S. government, Historical Statistics of the United States [...], depends heavily on his work and that of the correspondents worldwide who contributed to the Chronicle." The publication (little known or noticed at the time of its demise) ceased publication during the fall out of Black Monday and the stock market troubles of 1987.