Word: ticker
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Dates: during 1930-1939
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...President used the word "dollar," which rings like a gong in the ears of every banker, broker, businessman and speculator in the U. S. All was quiet on the floor of the New York Stock Exchange when the routine White House story was slowly tapped out on the news ticker. As soon as the brokers spied the word "dollar," a mighty shout uprose: "Devaluation! Roosevelt plans to devalue the dollar some more...
...this monetary excitement quickly returned to the White House over the Washington City News Service ticker. President Roosevelt wrathfully summoned Press Secretary Stephen Early. Press Secretary Early in turn summoned the White House correspondents, sharply told them that the President, in his "off the record" talk about money and prices, had no intention of implying further dollar devaluation, that the market's interpretation of his words was entirely wrong...
...Chicago Board of Trade, the grain markets of St. Louis and Kansas City were closed to prevent a buying panic. The New Orleans' Cotton Exchange stayed open and the price of cotton jumped $1 a bale. The New York Stock Exchange likewise continued to function, although the ticker fell eleven minutes behind sales. The stock of the Baltimore & Ohio-the gold clause of whose bonds had been specifically invalidated by the decision-soared from a forenoon price of 10 to 15. Other railroad stocks made similar gains; the market seethed...
...White House to thank the President for his kind words. Banker Law. arriving by taxi, found that he had no money in his pocket. A correspondent of the Wall Street Journal lent him 25? and impishly put an account of the transaction on the Dow-Jones news ticker. Before the delegation was ushered into the Presidential office Mr. Roosevelt had got the news from his ticker. He met Banker Law grinning. The New York Herald Tribune solemnly quoted the President of the United States as saying: "I hear you are broke and are begging on the White House doorstep." That...
Last year the Stock Exchange lost about $200,000. Total income was $7,480,000, derived chiefly from dues, rents, listing fees, operations of the stock clearing division, ticker service and charges for the brokers' telephone space. The barber shop took in $15,000. Most of the outgo was for salaries...