Word: ticker
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...sight, the voluntary hero-making mechanisms of the U.S. worked at full blast. A newly built school in Deerfield, Ill., was named for Shepard. A greeting card went on sale in Boston for admirers to send to the astronaut. Mayor Wagner of New York promised him the greatest ticker-tape welcome in New York's littered history. Mayor Poulson of Los Angeles immediately tried to outbid Wagner. A bar in Fort Wayne, Ind., treated its customers to champagne. Senators, judges, professors and generals burst into praise for Shepard. Said First Lady Jackie Kennedy: "I think it's wonderful...
Stage Whines. Anxiety seems to be the dominant fact?and is threatening to become the dominant cliche?of modern life. It shouts in the headlines, laughs nervously at cocktail parties, nags from advertisements, speaks suavely in the board room, whines from the stage, clatters from the Wall Street ticker, jokes with fake youthfulness on the golf course and whispers in privacy each day before the shaving mirror and the dressing table. Not merely the black statistics of murder, suicide, alcoholism and divorce betray anxiety (or that special form of anxiety which is guilt), but almost any innocent, everyday...
...speed up transmission, e.g., the M-G-M notation would read 3000s4½. When three minutes behind, the last two digits of the number of shares traded are also dropped, so that the tape would read 30s4½. When five minutes late, another sending machine is phased into the ticker to give flash reports on the prices of 30 representative stocks to indicate how the market in general is behaving...
Under present arrangements, moving the tape any faster would not be practical. In most brokerage houses, as in the Stock Exchange itself, the tape is projected onto-and moves across-a slim, horizontal screen usually 5 ft. long. Even if the ticker could print faster, viewers would have a hard time reading...
Most Exchange experts think the solution is a whole new ticker system. A leading prospect: a high-speed telegraphic page printer that operates at 900 characters a minute. Developed by Teletype Inc., a subsidiary of Western Electric, it uses a 3½-in. roll of paper, prints a vertical column with the stock symbol, volume and price all on one line. The Exchange will test a prototype in the summer, hopes to switch to a new system as soon as possible. But the problem is formidable: Thousands of stock tickers that are geared to the old narrower tape will have...