Lewis Swift discovered NGC 7437 = Sw. II-94 on 31 Oct 1885 and recorded "eeF; L; R; F * nr nf; v diff. Nearly in finder field with Alpha Pegasi." His RA is 10 seconds too large, but the dec is accurate. In 1900, Herbert Howe reported "the 'F * nr nf" is of mag 10.5 and follows 4 seconds, 1.4' north." Howe's micrometric position is very accurate.

400/500mm - 17.5" (9/19/87): very faint, moderately large, slightly elongated, very diffuse, low surface brightness with a weak concentration. A mag 14 star is at the north edge.

Notes by Steve Gottlieb