Word: ticker
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...figure was arrived at by assuming that a 3.5% increase in steel prices would result in a 3.5% increase in the price of everything the Defense Department buys, whether it has any steel in it or not. *Along with recording ups and downs of steel prices, the Dow Jones ticker carried a report that Chicago's huge, 18-story Merchandise Mart was planning to boost rents 3% to 5% because of "higher operating costs, principally labor and taxes." Owner of the Merchandise Mart: Joseph P. Kennedy, father of the President...
After Washington came New York, eager to top the capital's welcome. Glenn himself was awed by the tumultuous Broadway parade as his motorcade inched through 4,000,000 roaring, swarming New Yorkers in a blizzard of ticker tape-3,474 tons of paper that buried Douglas MacArthur's 1951 record downfall of 3,249 tons. There was the inescapable luncheon at the Waldorf with hours of zephyrous speeches, and at the U.N. Glenn and his fellow astronauts chatted with the diplomats over champagne. Between the official rounds, the Glenn family shed their shoes in their Waldorf suite...
...gala parade and address a joint session of Congress. "Usually the honor is reserved for heads of state," Lyndon Johnson told him, "but in this case the whole country has elected you." After Washington there would come New York ?and what promised to be the biggest ticker-tape welcome in history. And after that, John Glenn may tour the free world for his country...
...ultimate accolade. He was favored by politicos; Harry Truman and Dwight Eisenhower had him to the White House, and Jack Kennedy invited him to his inauguration. Every ballplayer worth his mitt got the de luxe, or crumb-bum treatment, and even Bernard Baruch, elder statesman of the stock market ticker, benched down at Shor's now and then. But Toots made no attempt to attract the glossier types of café society. "Who needs ya?" he bellowed cheerily...
Call to the Office. According to the rules of the New York Stock Exchange, the dividend reduction should have been flashed at once to the Exchange and the Dow-Jones ticker service. Through a series of secretarial slipups, the messages were delayed by nearly an hour. Unaware of this, J. Cheever Cowdin, who was both a C-W director and a partner in Cady, Roberts, telephoned his office and left a message for Gintel about the dividend reduction. For a few moments, Gintel was the only outsider with the news. Instinctively, he sold-and made for his clients...