Word: ticker
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...getting so a regular customer couldn't be sure of a place to sit; eager-eyed newcomers were beginning to crowd the nation's 4,200-plus brokerage offices. The public was not doing much buying yet-it was still a professional's market-but moving ticker tape was once again a sight to see, and dreams of quick killings were again dreams to dream. Wall Street was nursing a baby bull, and a lot of cow-eyed mother love was suddenly loose in the land...
Working on the theory that "it takes a snoop to catch a jiggle," SEC has 1,100 employees watching all market operations, keeping a constant check on the ticker tape, looking for any unusual buying or selling. (In Manhattan, SEC's tape watcher is an old pool operator of the '20s who knows all the tricks.) If SEC smells something suspicious, it questions the traders, the officials of the company and, if need be, follows up with subpoenas and injunctions. Stock Exchange members, who once bitterly hated the reforming SEC, have learned to live with...
...brokers flashed the word, the Stock Exchange was deluged with orders to buy. In the final hour of trading, close to $30 million worth of shares were sold; the highspeed ticker fell behind as much as five minutes...
Averages were up again; the Dow-Jones industrials closed at 190.25. Again the ticker fell behind. For the first time in 20 months, the Big Board had to put out "flash" quotes (i.e., break the sequence of transactions by flashing the latest prices of such key stocks as U.S. Steel and General Motors). At week's end, stocks on the Big Board were worth some $3.5 billion more than at week's start...
...morning after last week's Nebraska primary, Ohio's Senator Robert A. Taft was standing in the Senate cloakroom, his eyes glued to the news ticker. A Democratic colleague called to him: "Is Stassen still winning?" "Yes, he's way ahead," replied Taft. "But Dewey and I together have more votes than...