Business & Finance: Fall of Pynchon

Trading on the New York Stock Exchange was sloppy. Prices floundered about aimlessly. Slowly the ticker printed out its daily 2:15 message: DELIVERY TIME. The hum of trading became slightly louder.

In the Exchange's visitors' gallery a member of the big firm of Pynchon & Co. was showing a guest the usual sights. That crowd of brokers, he explained, was dealing in United States Steel; the Big Board with its continuously flapping little number cards was the method by which brokers are called to the telephone; the little gallery below the Board was known...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!