Word: amex
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...shares, highest since 1929 and equal to 93% of that day's volume on the New York Stock Exchange. So far this year, volume has equaled 53% of the New York Stock Exchange's, v. 32% last year. Unable to keep pace with the new popularity, the AmEx tape often trails five, ten, even 25 minutes behind. Its nearly 1,300 tickers, which transmit prices to 215 cities, print only 300 characters a minute. But able AmEx President Edward ("Ted") McCormick, 49, a onetime SECommissioner who has brought the AmEx a long stride toward maturity since he came...
...Curb Exchange, which was started by stock traders on Broad Street's curbstones in about 1850, last week changed its name to fit its present position (878 listings, 106,200,000 shares traded last year). Up on its Trinity Place facade went the name: American Stock Exchange. Nickname: "Amex...
Thus A.A. soared ahead of its ambitious U.S. rivals. With Amex it gets a war-established overseas service (to Foynes, Ireland for Navy Air Transport) and "grandfather rights" on applications for transatlantic routes to Lisbon and the Mediterranean. The deal enabled American Export Lines Inc. to dispose of its control of Amex-which it had to do, under the CAB ruling that ocean carriers are not permitted to operate air routes. But Export Steamship will retain 24% of the airline stock, will probably act as the airline's agents abroad...
...full year's instruction (four courses) at the Amex is $200, for a single course...