Word: ticker
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Meanwhile the radio, helped out by the pooled reporters of the morning Age-Herald, the evening News and Post, did its best to keep people informed. Station WAPI set up an I.N.S. news ticker in a window of Blach's department store, divided two windows into sections marked Local News, State News, National News, War News, Markets, Sports, Weather, Demobilization, etc. The crowds that gathered to read the latest stories as they were pasted up, all but blocked traffic past the store...
...roaring bull market, Wall Streeters had almost forgotten the old saw: what goes up must come down. Last week, they remembered it. The reminder began shortly before noon on Thursday. For no apparent reason, stocks began to slip, were soon tumbling under a flood of selling orders. Twice the ticker fell behind sales...
Along Fifth Avenue and in the high canyons of the financial district, clerks threw cautionings and paper to the winds, sent 77 tons of ticker tape and torn wastepaper fluttering down. (The tonnage for Lindbergh: 1,800.) Harlem's Negroes yelled like Indians on the warpath. Thirty thousand schoolchildren shrilled along Central Park drives. Everywhere the sound of cheering erupted deafeningly (after setting up a "noise meter" the stunned General Electric Co. calculated that it equaled 3,000 thunderclaps...
...Manhattan, the most effervescent U.S. city, the carnival sights and sounds bubbled spontaneously, then subsided, then fizzed again. For a while on Monday, torn paper and ticker tape by the ton fluttered from skyscrapers, and the streets turned white. Half a million people clotted Times Square, sober and undemonstrative, waiting for somebody to start the fun. Nobody...
...sudden break sent market analysts rushing for paper & pencil to explain what had happened. A few pundits saw great significance in the fact that one wave of selling swamped the market minutes after the ticker had flashed the news that the U.S. First Army was across the Rhine. Their inference: good war news was bad news for speculators in war industries...