Word: ticker
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Thomas A. Edison always had a warm spot in his heart for the Western Union Telegraph Co., because it gave him his start. As a young man, Edison was a Western Union telegrapher; later, the company bought his improved stock and commodity ticker for $40,000, which enabled Edison to set up as a full-time inventor...
...York Stock Exchange opened, a flurry of selling began. There was no patent reason for the selling except some profit taking and perhaps some nervousness over the market's long climb. By 11 a.m., the scramble to sell was so great that the Exchange's high-speed ticker fell four minutes behind the actual trading. In two hours the Dow-Jones industrial average, which had opened at 222.30, plunged to 218.66, wiping out all the gains of the past four weeks...
While the specialists worked furiously, traders' watched the magnified ticker tape flickering across the screens at the four corners of the great room to catch the flash on the price. Not till ten minutes later, a long time by Wall Street's split-second standards, did the tape flash, the first sale-and bring a roar of approval from the floor. The sale: a 25,000-share bloc worth $2,243,750 was sold for 89¾, up 2¼ points from the previous close and within an eyelash of G.M.'s all-time high...
...remember the scraggly little bull calf on TIME's June 14, 1948 cover (see cut)? Bewildered, unsteady on its feet, shrouded in ticker tape, the little fellow symbolized the baby bull market which Wall Street was nursing at the time...
This week, after a ticker-tape welcome on lower Broadway and an honorary degree from Columbia University, the debonair salesman of South American democracy embarked on a rugged program of visits. After New York, González planned to see Philadelphia, the TVA, Texas' oilfields and New Orleans...