1934 Goodbody & Co Trade Ticket

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1934 Goodbody & Co Trade Ticket - now Merrill Lynch

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Our Price: $165.00

Sale Price: $125.00

Vintage Collection

Product Code: VT242-2

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Description

This rare trade ticket was issued in 1934 from Goodbody & Co for 100 shares of CW to Murphy. Goodbody & Co was founded in NY in 1886 would become one of the largest players on Wall Street becoming the 5th largest brokerage with around 225,000 customers and over 100 branches by 1970. It would also become one of the largest failures on Wall Street.

In 1970 they sustained heavy losses were unable to keep up with the sheer volume of paperwork trades from the various exchanges. This impacted other firms but Goodbody became the center of this disaster. Without quick capital financing, the firm risked liquidation. After efforts to find financing failed, the NYSE stepped in and called an emergency meeting with the major brokerage houses. They feared the impact of Goodbody's failure could tear down the entire financial community. Merrill Lynch was the largest brokerage house in the world at the time and the acquisition would raise serious anti-trust issues which the Justice Department decided to overlook given the alternative. Merrill Lynch purchased Goodbody & Co in December of 1970 in the largest financial merger in U.S. history.

In 1976, senior partner Harold Goodbody was banned from re-entering the financial services industry for filing false financial statements and failure to properly supervise his business.
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This one-of-a-kind trade ticket is presented in a gorgeous high quality acrylic display that weights over 1.5 lbs. Magnetically held together, the display is easy to open if want to inspect your item. Perfect for a desktop or bookshelf display.

Goodbody & Co / Now Merrill Lynch Trade Ticket

Age: 1934
Features 3 State of NY and 1 IRS revenue stamps
Display measures: 10" x 4" x 1"
Weight; over 1.5 lbs
Condition: Excellent; ticket as pictured