$13,000,000 Deal Made By Phone (Nov, 1936)
$13,000,000 Deal Made By Phone
AN OPERATOR in the exchange of the New York Telephone Company placed a call to Stockholm, Sweden, which resulted in the closing of a $13,000,000 deal, although she did not know it until after completing connections. The call, originating in the offices of a New York bank, verified the delivery of certain sums to interested parties in both New York and Stockholm.
In handling the call, the message first traveled to the London telephone exchange where it was amplified and then continued on its journey. The message was amplified again in the Stockholm exchange and sent out over the local lines to the Swedish bank handling the matter, a match stock deal.