In 1930 at a cost of over $1,000,000 the New York Stock Exchange installed a high-speed ticker service of N. Y. Quotation Co. The new tickers printed 500 characters a minute instead of the 300 characters of earlier machines. To the despair and confusion of brokers and speculators, however, tickers still run far behind the market whenever trading waxes fast & furious. Last week, for example, the ticker was several minutes late on four days. One mad day fortnight ago it fell 22 minutes behind, leaving traders groping in a mist of uncertainty. Last...
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