Business & Finance: Stenographic Error

The stock ticker is proverbial for its accuracy, yet it is by no means immune from careless clerks and incompetent stenographers. Last week the ticker reported that a dividend of 75¢ a share had been declared upon Mother Lode Coalition Mines. Immediately the gentry who make a living for a while by trading on the tape hurled orders t into the market to buy "Mother Lode," whose price soon shot up from 7¼ to 8⅛.

About this time the Stock Exchange started an investigation. At first it was thought that someone had reported false news...

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