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Thomas Edison Stock Ticker Telegraph

$28,850List Price

About the Item

This amazing stock ticker telegraph, designed and manufactured by legendary inventor Thomas Alva Edison, is the symbol of Wall Street. Held atop a cast-iron base beneath its original glass dome, this ingenious mechanism, known as a Universal Stock Ticker, received stock information via Western Union telegraph and printed it out simultaneously, and almost instantaneously, with other tickers across the country, onto thin paper ribbon, or ticker tape. This information, a series of abbreviated company names followed by numeric stock transaction price and volume information, is the basis on which fortunes rise and fall, and this machine was the most important tool of finance for decades.

The stock ticker was considered the earliest digital electronic communications medium. Recognized by audiences all over the world for its familiar ticking sound, this incredible machine revolutionized the stock market by increasing the rate at which stock information was transmitted to traders. A machine such as this would have been featured in every brokerage firm. To find such an iconic machine in such wonderful condition is truly extraordinary. This is highly prized as a collector's item and display piece.

Mechanism marked: "M'F'D by T. A. Edison, Inc., Serial #No. 13044;" Base marked "Quotations Furnished by the Western Union Telegraph Co., Apply to Local Manager"

Though he did not invent the ticker, Thomas Edison did improve its design dramatically. Working with Edward Calahan's design of 1867, Edison developed the Universal Stock Ticker in 1871 for the Gold and Stock Telegraph Company in New York, which became a subsidiary of Western Union. Edison's improvements to this machine enabled all of the tickers on a line to be synchronized so that they printed the same information in unison.

Dimensions:
Height: 13.75 in (34.93 cm)
Place of Origin:
United States
Period:
20th Century
Date of Manufacture:
20th Century
Condition:
Seller Location:
New Orleans, LA
Reference Number:
Seller: 29-53801stDibs: U100709891189

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