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The man happened to find a valise full of them handy, and he passed them out like putting hot biscuits on a plate. The backs were hard to unscrew, but the crowd put its ear to the case, and they ticked mollifying and agreeable. Three of these watches were genuine tickers; the rest were only kickers. Hey? Why, empty cases with one of them horny black bugs that fly around electric lights in 'em.
Whereupon the young man, with confidence in himself newly inflated, would hurry off to the stock tickers. He had ceased to buy the stocks outright, and for several weeks had bought only on margins. "There was one rule in poker your pa had," said Uncle Peter. "If a hand is worth calling on, it's worth raising on. He jest never would call.
The earlier years of his inventive activity, while productive of many important contributions to electrical industries, such as stock tickers and printers, duplex, quadruplex, and automatic telegraphs, were not marked by the turmoil of interminable legal conflicts that arose after the beginning of the telephone and electric-light epochs.
It is done. The electric wire running up the stand quivers and takes the figure, passes it to all the other wires, transmits it to every office and hotel in the city, to all the "tickers" in ten thousand chambers and "bucketshops" and offices in the republic.
News is vital to Wall Street, and there is no living man on whom the doings in Wall Street are without effect. The financial history of the United States and of the world, as shown by the prices of government bonds and general securities, has been told daily for forty years on these narrow strips of paper tape, of which thousands of miles are run yearly through the "tickers" of New York alone.
On the other side, he faced his powerful foes and made them quake as they saw their battalions of millions roll upon his unbroken line of battle only to break and disappear. At noon National Woolens preferred was at fifty-eight, the common at twenty-nine. Giddings was beginning to hope. At three minutes past noon the tickers clicked out: "It is reported that John Dumont is dying."
History is not yet clear as to whether Edison had not originally "fixed" it, and Edison so far has not confessed. And there being no one else to start the machine, Edison was given a chance, and soon the tickers were going again. This gave him an introduction to the stock-ticker folks, and the Western Union people he already knew.
Edison changed bookkeepers, but never thereafter counted anything real profit until he had paid all his debts and had the profits in the bank. The factory work at this time related chiefly to stock tickers, principally the "Universal," of which at one time twelve hundred were in use. Edison's connection with this particular device was very close while it lasted. In a review of the ticker art, Mr.
To say the least, this evidenced great ability and enterprise on the part of the youth. The dealings in gold during the Civil War and after its close had brought gold indicators into use, and these had soon been followed by "stock tickers," the first of which was introduced in New York in 1867. The success of this new but still primitively crude class of apparatus was immediate.
Here are the tickers communicating with the Chamber, tended by lads, who transfer the figures to big blackboards on the wall. In front of these boards sit, from morning to night, rows, perhaps relays, of men intently or listlessly watching the figures. Many of them, who seldom make a sign, come here from habit; they have nowhere else to go.
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