Word: ticker
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...stocks representing 90% of the total value of all stocks listed on the exchange. Said Standard & Poor's President Charles A. Schmutz: "It will be the most complete and technically accurate measure of the market ever devised." The new index will be carried hourly on the tickers of the American Stock Exchange, Commodity News Services and Cotton Ticker, be available to all clients of Standard & Poor's statistical service...
Electronic Brain. Standard & Poor's system (cost to date: $50,000) is the result of a year's experimentation with an electronic computer that keeps tabs on the market. The transactions on the exchange's ticker tape are duplicated on a special tape that is fed into the machine. The brain rejects all extraneous information carried on the exchange tape, such as news bulletins, picks the latest quoted price for each stock, multiplies it by the number of shares outstanding (a figure previously fed into its memory drum...
...heirs of Federalist economics, Cadillac was exhibiting their new Directeur. At their show room, the Directeur, "superbly designed for the many requirements of a busy executive," was the star attraction. It included a secretarial compartment, ticker tape news screen, phonograph, and telephones. Inside sat a capitalistic-looking executive and a pretty secretary neatly stowed in her special compartment which faced backward from the front seat...
...function rooms" and a library. The rooms are used mainly for private parties, class reunions, club meetings, last-night-before-the-ceremony bachelor parties, and final club dinners. There are a number of small, good-fellow clubs which hold regular meetings there, such as the "Goose and Jim," "The Ticker Tape Trust," the "Sangerfest," and the "Harvard Travellers." The function rooms are also a good place to have parties if you are not a member of a final club, one member confided...
...steel issues sagged badly, from Armco's slide of 3! points to Youngstown Sheet & Tube's dip of gf. The main reason was a sudden pessimism, largely touched off by a gloomy steel report front-paged in the Wall Street Journal, and sent over the Dow-Jones ticker, which said that demand is disappointing and inventories are building up too fast. Steelmen thought the report was far too pessimistic, and so did the industry's bible, Iron Age. Said Editor Tom Campbell to the American Warehousemen's Association in Chicago: "The facts do not suggest...