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Philadelphia Stock Exchange Chairman Dies Of Cancer At 42

March 8, 1988

ORELAND, Pa. (AP) _ Martin L. Longstreth Jr., who worked his way up from clerk to chairman of the Philadelphia Stock Exchange, has died of cancer. He was 42.

Longstreth died in his home Sunday, 2 1/2 months after he was diagnosed as having cancer, his family said. The stock exchange board will name a successor within several months, President Nick Giordano said Monday.

After graduating from Villanova University in 1967, Longstreth spent two years in an executive training program with a Philadelphia bank before entering the securities business.

He spent a year in the retail end of the business before becoming a clerk on the floor of the Philadelphia exchange.

Longstreth worked as an options special and floor broker from 1972 to 1980. He was named chairman of the exchange in March 1984.

He is survived by his wife, Francis, and nine children.

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