Word: ticker
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Dates: during 1930-1939
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...superstitions of big-league baseball players is the belief that the teams in first place on July 4 will win the pennants. Last week Wall Street traders seemingly fought to see which could get the highest batting average before the holiday. As brokers raced from post to post, the ticker day after day fell behind. Volume reached new peaks as the public all over the U. S. began buying. One day, 1,090,000 shares changed hands in the first hour-heaviest trading in nine months. June, which had promised to produce the thinnest trading since the War, ended with...
With orders to buy 50, 100, 200, 500 shares of leading industrial stocks, trading in the first hour whopped up to 250,000 shares. Last fall in an optimistic moment, the Exchange devised a system of FLASH quotations for use whenever the ticker got five minutes behind. Last week it had a chance to use it for the first time. FLASH-X (U. S. Steel) 49⅞. FLASH-A (Anaconda Copper) 28. FLASH-T (American Tel & Tel) 140½. When the clay's closing bell bonged, brokers had enjoyed the first million-share day since May, Dow-Jones industrial...
Four days later the New York Stock Exchange staggered under the heaviest liquidation in four months. Beginning quietly on Friday morning, selling waves swept over the floor in successive shocks which knocked the ticker four minutes behind and kept traders on the jump with the biggest volume since January-1,600,000 shares. Next day, being Saturday, was only a half-day for trading, but the frantic dumping of securities reached 1,380,000 shares before the closing bell brought the debacle to a halt. As the ticker caught up, brokers for the first time in three weeks forgot...
...floor of the New York Stock Exchange one morning this week the gong bonged as usual at 10 a. m., opening the day's trading. Slowly the ticker tapped out the first sale-100 shares of Lehman Corp. at $25.50 per share. The market was dull. Suddenly the bell rang again, bringing trading to a sharp halt. As a man the hushed brokers turned toward the rostrum to hear an astounding announcement: the firm of Richard Whitney & Co. was unable to meet its obligations...
...their tradition of reviving old favorites of one, two, or three centuries back. "The Henrletta," written in 1887, is probably Howard's greatest work. Consistent with his theory that the master theme of America is big business, he brings forth in this play a tragicomedy of the stock-ticker. Trenchant satire aimed at those for whom business is "health, religion, friendship, love" is the core, "The Henrletta" is well above the level of melodrama, and hence there will be no burlesquing of maudlin morality, but rather a serious rendition of serious social comment, on the theme that has since been...