Word: york
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Dates: during 1950-1959
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...Secret nuclear test detonations at more than 300 miles above the earth were conducted by the United States early last September." So began last week the year's biggest news beat: a report by New York Times Military Editor Hanson W. Baldwin on Project Argus-an attempt to gauge the behavior of high-speed electrons in the earth's magnetic field (see SCIENCE). The story was much more than a beat. Working on Argus, Reporter Baldwin months ago got into the precarious position of having to decide when and how-if at all-to use material that could...
...Christofilos. He wrote a second letter in 1950, outlining what is now called the "strong focusing" principle for building big accelerators. The reply from California advised him to read a certain mathematical book and clear up some errors. Christofilos did so, polished his theory and brought it to New York in 1953. He went straight to the Public Library, where he found that the strong focusing principle had already been developed independently by Brookhaven National Laboratory. "So you see," he says irrepressibly, "on the first day I came back to my country I found that my theories were...
...American Stock Exchange last week, the frenetic trading almost swamped the tickers. In one day, trading boiled to 3,520,000 shares, highest since 1929 and equal to 93% of that day's volume on the New York Stock Exchange. So far this year, volume has equaled 53% of the New York Stock Exchange's, v. 32% last year. Unable to keep pace with the new popularity, the AmEx tape often trails five, ten, even 25 minutes behind. Its nearly 1,300 tickers, which transmit prices to 215 cities, print only 300 characters a minute. But able AmEx...
...with the Young. Why the trading avalanche? The bull market has attracted many novice investors who aim for the moon but set a $10 limit on the trip. They shun stocks that sell for more, which means virtually all those on the New York Stock Exchange. They figure, often wrongly, that low-priced stocks are not only the cheapest but will rise the fastest. Thus, they shop around the American Exchange, home of many a budget-priced, volatile issue. (Almost all the exchange's most active stocks last week sold below $4.) Many of the stocks are low because...
Yearling companies often go on the AmEx for "seasoning," hope to graduate to the New York Exchange. Last week, for example, Desilu Productions Inc., of TV's Desi Arnaz and Lucille Ball, joined the AmEx ranks. Even after they grow big and strong, some companies prefer to stay on the AmEx because it requires fewer financial reports, permits nonvoting stock to be listed...