Tin rope toy of the bull Ferdinando, a character from one of Walt Disney's short films.
Made in the USA, it dates from 1938.
When wound up, he wags his tail and turns around.
It belongs to the company Louis Marx and company. American toy manufacturer from 1919 to 1980, its logo is the letters "Mar".
It has an inscription on the bottom: MAR, Made in united states of America, New York.