Word: printer
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Most Exchange experts think the solution is a whole new ticker system. A leading prospect: a high-speed telegraphic page printer that operates at 900 characters a minute. Developed by Teletype Inc., a subsidiary of Western Electric, it uses a 3½-in. roll of paper, prints a vertical column with the stock symbol, volume and price all on one line. The Exchange will test a prototype in the summer, hopes to switch to a new system as soon as possible. But the problem is formidable: Thousands of stock tickers that are geared to the old narrower tape will have...
...Exchange floor. On normal trading days a buyer in Palm Beach can have his order executed in New York and get notification within five minutes. At Goodbody's home office the details of the transaction are punched by hand on IBM cards that are then fed into a printer that turns out the customer's confirmation notice. When Goodbody gets its 501 computer into full use. the operation will be simpler yet; the 501 will handle the calculation of the transaction,and also automatically print the confirmation...
...greatest difficulty that the Avant Garde greeting card company has had to face is unique: since only minors were involved, no one could sign a valid contract. But John Singleton, a Cambridge printer, and then other firms, were excited by the cards' commercial potentialities and sealed working agreements with the students. As if an undergraduate company hadn't individuality enough, they were now doing business on the honor system...
...glad to have the work. "We get $6 to $8 a day," said a former customs officer who finds casual work on the docks. "We split with the others, of course." A surgeon and his family live off the wages of their 14-year-old son, who is a printer's devil...
...Bulgaria's Communist Party, considers himself the Bulgarian Khrushchev and, like his hero, is fond of making trips into the countryside to pose as the peasants' folksy friend. In Zhivkov's case, the effect is diminished by monotone oratory and a repugnant personality. A onetime printer and World War II partisan leader, chunky Todor Zhivkov, 49. is cold, humorless and conceited. Under his leadership, Bulgaria has become the only European satellite which has successfully herded virtually all its peasants onto collective farms; it is also one of the few countries in the world that possesses fewer cattle...