The Lambertville record. [volume] (Lambertville, N.J.) 1872-1968, 1882-03-08
THE STOCK TICKER.
Trneins its Figures from The Noisy Crowd III
the StociS Exchange TO the Paper
Tapes.

Tapes.
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exactly as he il oraerad ne huv;nc q u
market y he does tho hest no can f. IL
makes n purchase or n sale Tho vanor,ors "a
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note 1t, and then the work OF the ticker :
4
Eight reporters are on the floor of the Ex-
change, and the head reporter is Mr.. q. M.
Beecher. They wear blue caps with gold
bands, and the letters q ~ 81 All are
skilled telegraph operators, and are selected
for their intelligence and alertness. The
different stocks on the list are proportloned
among them, and each one has certain line
to look out for. Wherever he sees business
done he takes down thequotations He has
a pad of paper about five inches in length
by three inches in width, ruled inperpendic-
uiar lines. At the head OF each line is the
abbreviation of stock title, rs *. T., for
Missouri, Kansas, and Texas. AS he catches
the quotations he jots them down in the
lines under the proper titles Having got
the latest quotations on such Of his stocks as
are active, he hastens to the nearest tele-
graphic instrument. There are thirteen in
struments in different parts of the room.
The reporter rattles off his quotations Us fast
us possible, and renews his search for infor-
nation The broker affords them every
facility for gathering news, and often gives
report is very complete, and few quotations
are missed. At the close of business each
reporter makes up list of the closing prices
and hands 1t to MIR. Beecher, who telegraphs
the figures to the offices of the Gold and
Stock Telegraph Company,
In the receiving room in the fourth story
of the Western Union building there are six
clerks with instruments before them. The
central figure is the operator who receives
oil the dispatches from the reporters OF the
Stock Exchange He writes it quickly and
plainly on slip Of paper and sticks ii into
frame IN front OF him. The frame is so
placed that two operators can sec the figures
plainly, The operator on the right runs the
stock tickers." The first named operator
has a set OF black and white keys, precisely
like piano, set before him. The keys are
marked with letters and numbers. That
keyboard operates all the stock " tiekers
in this city and " tickers > as far away as
| Newark and Orange. The operator pro
duces every quotation' lhe general new
( operator taxes only inc more important quo
tauons. lie also produces what appear
on tape oil hiefnans hnanclai ticker
that reels Oh before HIM He works ON
Keyboard OF different pattern, IN which the
Keys are set IN tive concentrc circles. These
are the two great and important divisions
oil the ticker II is estimated that when
busiuess III the exchange IA runnlng ut an
ordinary rate, quotation can be caught by
the reporter, telegiaphed to tho central
oitee, be sent out again and reappear on oil
tapes inside of half minute. When busl-
ness Is liVei'er the operators inli somewhat
pehiha Inc Quotations, but ive minutes IS
INC extreme tinie Oh oeiay' a broker makes
SAFE ana before ne can get back to his
once rev hiochs away 1t Is there on the
ucker aheaa OF NM Inc TWO otheroper-
h'orS III 'ne receiving room receive reports
from inc Mining Exchange ana SEND them
OH. On tne mining uchef' Ihcre IL an
othef instrument IN the room which records
III .e'e8'"pmo ao's ana dhshes every de-
spo.ch reco'Veu nom inc STOCK ana Mining
fsNchhngeS IL 's intended 10 act as eheck
oi 'pe reports ana 'ne receiver II dispute
should arise concerning despatch. oppo-