International Talking Films, Inc. (Issued on Black Thursday, 1929)
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Product Details
Company | International Talking Films, Inc |
Certificate Type | Capital Stock |
Date Issued | October 24, 1929 |
Canceled | No |
Printer | Goes |
Signatures | Hand signed |
Approximate Size |
11" (w) by 8 1/4" (h) |
Product Images |
Show the exact certificate you will receive |
Authentic | Yes |
Additional Details | Issued on Black Thursday, 1929 |
Historical Context
International Talking Films, Inc. was incorporated in Delaware in 1929.
No additional information could be located on the company, however, its charter was revoked on December 1, 1933.
Related Collections
Black Thursday
On October 24, "Black Thursday", the market lost 11% of its value at the opening bell on very heavy trading. The huge volume meant that the report of prices on the ticker tape in brokerage offices around the nation was hours late, and so investors had no idea what most stocks were trading for. Several leading Wall Street bankers met to find a solution to the panic and chaos on the trading floor. The meeting included Thomas W. Lamont, acting head of Morgan Bank; Albert Wiggin, head of the Chase National Bank; and Charles E. Mitchell, president of the National City Bank of New York. They chose Richard Whitney, vice president of the Exchange, to act on their behalf.
With the bankers' financial resources behind him, Whitney placed a bid to purchase 25,000 shares of U.S. Steel at $205 per share, a price well above the current market. As traders watched, Whitney then placed similar bids on other "blue chip" stocks. The tactic was similar to one that had ended the Panic of 1907 and succeeded in halting the slide. The Dow Jones Industrial Average recovered, closing with it down only 6.38 points for the day.
Additional Information
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