Word: streeters
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...Abacus. The Tokyo Exchange's day-to-day operation would bug many a Wall Streeter's eyes. Every day some 1,500 traders pack into a trading area only 75 feet square. On busy days, few can find room to move; they transmit their buying & selling signals by waving their bamboo fans. Their method of recording transactions is painfully cumbersome. One of the biggest brokerage houses has only one battered Remington Rand machine, does most of its arithmetic at machine speed on primitive abacuses. Frequently, its brokers and clerks have to work...
Said a jubilant Wall Streeter: "We've finally caught up with the white-collar class." The source of the joy on Wall Street was a decision last week by New York Stock Exchange governors to make the summer five-day week permanent. To make up for the shorter week, trading hours will be extended half an hour...
Fleet Street buzzed with explanations. Even though he had doubled the circulation of the Mirror and boosted the circulation of its even gaudier Sunday Pictorial (5,000,000) almost 70% since war's end, many a Fleet Streeter thought he had tried to tackle too much. The Mirror has bought paper mills in Canada, a string of newspapers in Africa and Australia and a chain of Australian radio stations. Mister Bart had also started a labor weekly, Public Opinion, to challenge the left-wing New Statesman and Nation and Bevanite London Tribune. Public Opinion folded, and the Mirror also...
...Ober, a graduate of the Harvard Law School, has drafted laws to cope with Communist influences in Maryland. "Liberals," Buckley says, decided that "Ober was on the wrong side. He was treated not as an alumnus offering a tenable policy change for Harvard, but as a recalcitrant Main Streeter who didn't understand academic freedom." Mr. Ober, like Mr. McCarthy, has stirred up a lot of adverse controversy and investigation. Buckley, although his writing may be flamboyant and his facts not entirely correct, will probably join their ranks...
Said one Fleet Streeter last week: "To the Herald a red-hot tip on the third race at Newmarket is more important any day than a spread of Communism in Asia. No wonder British workers find it hard to get steamed up over Korea or Iran or the urgency for the West to rearm...