Word: investor
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Dates: during 1960-1969
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...American Investor, the magazine of the American Stock Exchange, last week reported a statistical study that shows that consumers are inexorably controlled by the weather in their buying habits. Statisticians found that every degree of temperature below normal on any day in spring, and every degree above normal on any day in fall, will cause retail sales to fall off exactly 1%. Furthermore, they reported, every one-tenth inch of rain that falls between 7 a.m. and 11 a.m. on any day inevitably depresses sales...
Some people are never satisfied-particularly investors. Though 20 million U.S. share owners seek their opportunity in the stock market and millions more are attracted to bonds and mutual funds, a growing number of investors are eager to take a bigger risk in the hope of making a faster buck. They are plunging into unconventional investments that offer such attractions as novelty, tax relief and, when the investor has guessed right, quick-rising profits...
Caveat Emptor. The tax angle has also heightened the appeal of shares in oil wells, which enable the investor to claim the 27½% depletion allowance and write off the expenses of drilling and operating the wells. There is speculation in money itself: the growth of coin collecting in recent years has nudged the value of uncirculated coins up as much as 70% a year. Diamonds, long a solid investment, are attracting more investors than ever; prices of small stones have risen 7% in the last year. Another longtime investment area, commodities futures, is winning new enthusiasts. For as little...
With the new IBM Market Data System, the process will be this: when an .investor calls in to ask for a stock quote, the broker can press a button on the base of his telephone and automatically connect into a computer at the exchange. He will then dial a four-digit number to identify which stock he wants to learn about (each of the 1,606 stocks on the Big Board has its own identification number). A recorded voice will instantaneously recite the stock's up-to-the-second price and volume, as well as its opening price...
...system is symptomatic not only of the growing use of computers in American business but of the increasing automation in the stock market. Funston also hopes to automate trading in odd lots-fewer than 100 shares-which account for one-fifth of daily volume. When an investor places a small order, the broker will feed the information into a computer, which will execute the order at prices ⅛ to ¼ of a point above (buying) or below (selling) the most recent round-lot trade...