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Posted on 31 March 2011 | 9,750 views

National Lead Stock Price After October 29 1929 Stock Market Crash and Great Depression

National Lead — America’s largest manufacturers of titanium dioxide pigments, which are used to brighten and add opacity to paints, plastics, paper, textile dyes, and ceramic glazes.

The history of National Lead Industries may be traced to 1891, when 25 lead mining and smelting operations, unable to compete with larger manufacturers by themselves, teamed up to form a general holding company called the National Lead Company.

Right before the October 28, 1929 Black Monday and October 29, 1929 Black Tuesday stock market crash, National Lead stock had been trading at $169.00 per share on the New York Stock Exchange. National Lead stock closed on July 24, 1934 at $149.00 per share.

Once the nation’s largest lead company, it prospered from massive use of the metal in everything from wiring to paint to munitions. It was also a major miner of titanium and contributed refined uranium and other help to the Manhattan Project, which produced the first atom bomb.

National Lead had a cumulative total return of 8,676% during the 1932 to 1954 period and is now part of NL Industries.

Resources:

The Pittsburgh Press October 1929
The Montreal Gazette

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8 Comments »

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    Black Monday for most Americans is a sad day, a lot of people go bankrupt utilities, and even beggars.The contradiction between production and sales; supply and demand contradiction, between rich and poor increased differentiation; stock speculation over; excessive consumer credit.

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