Word: ticker
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Dates: during 1960-1969
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...market. When a broker places an order for a customer, the wholesaler either draws the unlisted stock from his own portfolio (each wholesaler "makes markets" in several issues), or telephones around to others to dicker for a deal. Since there is no clearing house, no ticker tape and scant supervision, ample room exists for imaginative wheeling and dealing...
Wall Street jumped nervously, as it often does when the talk is of war and peace. At one point, the ticker ran eleven minutes late on the New York Stock Exchange as the sell orders flooded in. Between noon and 1 p.m., nearly 1,400,000 shares had changed hands, and prices went down as much as 4.98 points on the Dow-Jones industrial average before the market got its equilibrium back...
Love That Chanko. The victory earned Taiho the Emperor's Cup, a ticker-tape parade through Tokyo, countless gifts. and a new flood of marriage proposals from female admirers. Such blandishments still dazzle the bulky ex-lumberjack, son of a Russian father and a Japanese mother, who was recruited by a sumo scout when he was 16 and weighed a mere 155 lbs. Apprenticed to a sumo stable in Tokyo, Taiho built up his weight by devouring large quantities of chanko-chicken, cabbage, potatoes, potato peels, radishes, carrots, flour and soy sauce, all beaten into a glutinous mass...
...stock exchange, in the temple of commercial civilization, she meets a handsome young broker (Alain Delon) with a mind like a ledger and a ticker for a heart, a man to whom all values are convertible in gold. He changes women the way he changes ties, and one day she happens to match his socks. "When I'm with you," she muses after the fact, "I feel as if I'm in a foreign country. But perhaps there's no need to know each other in order to love. Perhaps there's no need to love...
...reason for this, suggests Investors Diversified Services Vice President Donald E. Meads, is that the principal customers of the funds are "grass roots people. They don't have ticker tapes running through their living rooms, so they are less likely to get swept up in panic." And George Whitney, a trustee of Massachusetts Investors Trust, believes that in the long run Blue Monday may have the same effect on the funds as the 1937 downturn -which produced a 13% sales gain for M.I.T. If nothing else, however, the post-crash performance of the mutuals should serve as a reminder...