Word: tickered
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...grandfather, but also for getting "off its pages and into the minds of its readers" a correct image-the warm affection and informal joviality he was capable of sharing. Finally he no longer bears the formerly endured brand by the public of a press lord who, like a ticker-tape machine, can only spew forth hard facts...
...years. When it was all over, stocks made only modest gains, but volume on the New York Stock Exchange ballooned to 14.9 million shares, second only to the 16.41 million shares traded on Oct. 29, 1929. The Big Board's two-year-old high-speed ticker, which flashes stock transactions as fast as the human eye can read, fell behind by a record 27 minutes. In the first hour's speculative fervor, the bellwether Dow-Jones industrial average jumped 13.70 points as buyers bid up the price of airlines, railroads, machine-tool and other equipment makers...
...item moving over the A.P. ticker alarmed the U.S. embassy staff in Bonn. Michael McGhee, 19-year-old son of the U.S. Ambassador to West Germany, George McGhee, had been arrested in California for driving under the influence of LSD. The embassy's public affairs counselor, Albert Hemsing, phoned Colonel George E. Moranda, 49, U.S. Army information chief in Europe, and asked him to keep the story out of the Army daily, Stars and Stripes-at least until the case came to court...
...rail-equipment orders, the Dow-Jones plunged 10.69 points-its biggest drop in three months. When the Fed's easy-money move came at midweek, it helped power the market to a 4.12-point gain in a trading day so turbulent that at one point the stock ticker was twelve minutes late...
...that assumption. Bache & Co., for example, has acquired a Univac 494 geared to a 20 million-shares-a-day market. When that day comes, it will be interesting to see how the New York Stock Exchange itself chooses to cope with it. On busy days, its two-year-old ticker already flashes stock transactions as fast as the human eye can read them-and yet this year it has run as many as 19 minutes behind...