Word: ticker
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Dates: during 1930-1939
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...plot: A real Baron Munchausen, sailing into New York Harbor, cannot appear because he has heard that the husband of his mistress is on board. He exchanges identities with the ship's tailor, Jack Pearl, who promptly takes on a manager, Jimmy Durante. In a rain of ticker-tape, as thousands cheer, the two impostors ride expansively up Broadway. When Pearl recognizes the fundament of his Aunt Sophie who is washing a window, he plunges head-down in the automobile and Durante, with a vulgarity at once extravagantly bold and strangely shy, notes the family resemblance. In a broadcasting...
...Fifth Avenue street lights, turned amber for the holiday, winked on as darkness fell. The crowds grew thicker. The ticker-tape and torn paper banked in heaps against the curbs. Governor Lehman went off to make a speech. The other reviewers ordered sandwiches and coffee. By this time the parade should have ended, but thousands were yet to come. George Gordon Battle led the lawyers. Life insurance people, office furniture brokers, telegraph and telephone employes with linemen in truck towers followed. The brewers marched past diabolically illuminated by red flares...
...market opened and promptly fell further and faster than before. The series of 6,000,000, 7,000,000 and 8,000-000-share days was followed by a 9,000,000-share day. Specialists were so swamped that sometimes much-traded stocks did not appear on the ticker for half an hour at a time, then appeared as much as ten points lower. Confusion on the floor was at its worst. The ticker fell so far behind (it closed 50 minutes after the market) that some traders, not knowing how deep a fall might be in progress, dumped stocks...
...transactions on the New York Stock Exchange swelled to an alltime Saturday record for a bull market-4,300,000 shares. Only once has that figure been exceeded-in the bear market of May 1930. At the end of the two-hour session, the new high-speed ticker was 41 minutes behind the floor. A. T. & T. jumped 5½ points to $119 a share, American Car & Foundry 5¼ points to $25.25, Liggett & Myers 4¼ points to $91.50, Union Pacific, which last week announced that within six months it would start operating a fast new streamlined train...
...hurtful to the cause of economy and to the ideas that ought to prevail in public circles as well as in business circles, to have an idea get out that there is something confusing, or hesitancy or what not, as you can see, something went out on a ticker that I read to you . . . Now we'll take a little rest...