NYSE Last Sale Indicator 1903 - 1980 - Big Board Trading Floor

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NYSE Trading Floor Last Sale Indicator - RARE - 1903 to 1980

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Our Price: $2,895.00

Sale Price: $2,450.00

Vintage Collection

Product Code: V299-3

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Description

When the main NYSE trading floor opened in the new New York Stock Exchange building in 1903, it was furnished with 16 trading posts which were tall wood paneled structures with padded benches surrounding the bases. Each post could accommodate 24 stocks. This was the first time these manual last sale indicators first appeared on the floor.

After lessons learned from the Great Crash of 1929, and to accommodate the increasing trading volume, the NYSE installed 17 new horseshow-shaped trading posts between 1929 and 1932 which remained in service until 1980. Trading Specialists were assigned to their trading post outside and clerks were stationed inside. Clerks inside the horseshoe were connected via a pneumatic tube station and telephone booths with the ticker plant. The Last Sale Indicators would be set at plus or minus followed by their last 3-digit price.

In 1981, these Last Sale Indicators were put into wooden display boxes and given out to Floor Traders from William M. Batten, Chairman & CEO and John J. Phelan, Jr., President & COO of the NYSE. The rest were given to universities or put into museums. They are amazingly difficult to find as they seldom leave private hands.

This one comes with something that is even more rare than the last sale indicator, the original letter from the NYSE President and CEO that came with it. We have never seen this letter before and were simply amazed it even existed. Awesome piece.

While stiff, the numbers/dials move so you can set the last sale to whatever you want.

NYSE Big Board Last Sale Indicator

Dates of Use: 1903 - 1980
Walnut Box: 9.25" x 5.5" x 4.75
Weight: 6 lbs 13 oz
Include original letter from NYSE President & CEO
Condition: as pictured
Shipment will be insured and require signature upon delivery