Word: telegraphically
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...stock market, which has felt weak in the knees for some time, took a slight header last week. It was pushed down by American Telephone & Telegraph Co., which announced a $500 million issue of convertible bonds, and American Woolen Co., world's biggest woolen firm, which passed its dividend. Since A.T. & T.'s new issue would dilute the present stock, traders rushed to sell. A.T. & T., normally steady, dropped two points. American Woolen dropped three points to 30; for minutes, trading had to be stopped before a bid could be found. The unloading of stocks spread...
...five: General Motors, American Telephone & Telegraph Co., Atlantic & Pacific Tea Co., Standard Oil (N.J.), U.S. Steel...
...urgent call came into the Fleet Street headquarters of Britain's two chief national news services, the Exchange Telegraph and Press Association. On the wire was a royal press office man who said calmly: "Here is an announcement from Buckingham Palace." In a few words, he said that King George VI had died, told the agencies to hold the news until 10:45 to allow time for other official notices to get through. But the news traveled faster than the royal press office had expected. Less than five minutes after the deadline, it was already...
...everyone reacted so good-naturedly. The Tory Daily Telegraph charged that Bevan "unrepentantly insists that a free set of false teeth is more important than the national survival." When time came for the vote of confidence, the Conservatives won handily...
Last week, in his three-story house high atop San Francisco's Telegraph Hill, Clarence Lindner, 62, died of a heart attack. His chief competitor, the San Francisco Chronicle's Editor Paul Smith, provided an epitaph: "I respected Lindner because he outdid me on everything I ever tried...