Newsreel Footage of Address to New York Stock Exchange

Name: Newsreel Footage of Address to New York Stock Exchange
Channel: William McChesney Martin
Description: This brief Paramount News clip highlights William McChesney Martin, Jr., the new and youngest-ever president of the New York Stock Exchange. The newsreel features the first footage shot on the trading floor of the NYSE. Transcription of the audio is available in the notes below.

Martin, William McChesney

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Title:

Newsreel Footage of Address to New York Stock Exchange

DATE: 1938

AUTHOR:

Martin, William McChesney

ABSTRACT: This brief Paramount News clip highlights William McChesney Martin, Jr., the new and youngest-ever president of the New York Stock Exchange. The newsreel features the first footage shot on the trading floor of the NYSE. Transcription of the audio is available in the notes below.

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Martin, William McChesney. Newsreel Footage of Address to New York Stock Exchange 1938, https://fraser.stlouisfed.org/video/1357, accessed on December 3, 2024.

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ALTERNATE TITLES:

Paramount News: N.Y. Stock Exchange Gets Youngest Chief

NOTE: Segment is approximately 1.5 minutes. There is no audio portion for some of the segment. Transcription below provided as a courtesy by FRASER staff.

[intro music] Narrator: New York Stock Exchange starts an experiment in modernization! Rules are simplified and a new, smaller Board of Governors welcomes the youngest chief the Exchange has had: William McChesney Martin, Jr. Martin: The most pressing need today is to start the flow of capital which turns the wheels of industry. The New York Stock Exchange plays a vital part in this process. Our duty is plain: We must do everything in our power to provide as safe and as efficient a market for the nation's securities as can be devised. I am sure, gentlemen, that we will all pledge ourselves to give our utmost efforts to accomplish this purpose. Narrator: Under its new 31-year-old chief, the Exchange looks forward to greater simplicity and efficiency. [Traders can be heard shouting in the background.] These motion pictures are the first ever made in the Stock Exchange. They take you to the very floor of the financial center of America. Actual trading is in progress. [Audio cuts out at minute 1:19, before the end of the clip.]

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