Word: telegrapher
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...favorite guessing game on Wall Street these days is figuring how high the industrials would be if American Telephone & Telegraph had not been substituted in 1939 for International Business Machines. Since then, IBM has gone up from 191 to 5.588, counting splits and stock dividends, while A.T. & T. has gone only from 165 to 200%. Harold Clayton of Hemphill, Noyes calculates that the average would now be at 1830, and other experts figure it at 910. All used different short-cut computations. To get the correct figure, it would be necessary to recompute the Dow-Jones average for every market...
...Bill to cope with the nation's alarming rise in crime and labor violence (TIME, Nov. 3), Kishi has been denounced by the unions and the Socialists for wanting to return to harsh prewar police rule. Last week 180,000 coal miners, 60,000 postal and 50,000 telegraph workers went on strike in protest. Railroad workers forced the cancellation of 150 train schedules, and a brief teachers' walkout closed half the nation's schools. But Kishi's most nettlesome problem was in the Diet itself. Only four out of 46 bills introduced this session have...
...nation's largest independent telephone company, General Telephone Corp. has been eclipsed by American Telephone & Telegraph Co. only because next to A. T. & T. any other corporation would look small. But General Telephone is a giant in its own right. Last week it planned to grow bigger. Its directors approved a deal, subject to stockholder approval on both sides, for General Telephone to take over Sylvania Electric Products Inc. on a share-for-share trade. The result: $1.5 billion in total assets, 76,000 employees...
...Pope Pius XII himself; in his 1945 constitution, most recent of only 29 papal decrees in almost 1,000 years on conclave procedure, he ordered that the cardinals maintain absolute secrecy not only during the conclave, as heretofore, but afterwards as well. Pius XII banned from the conclave all "telegraph instruments, telephones, microphones, radios, cameras, and other such." He also tightened the balloting procedure. Ballots must now be burned at once, and not only are the ballots unsigned but cardinals are instructed to disguise their handwriting as much as possible...
...MILLION CONTRACT will go to International Telephone & Telegraph Corp., picked as prime contractor for worldwide communications net for Strategic Air Command...