Evening star., 1925-11-14
MOVIE TICKER"
MAKES DEBUT HERE
Stock Exchange Transac-
tions Are Shown Locally on
Enlarged Screen.
By CHAS. Il. SHAEFFER.

\ motion picture appliance with re
spect to New York Stock Exchange
transactions made its local debut this
morning when the new invention be
came operative in the boardroom of
John L. Edwards & Co.
The machine is rather simple in con
ception, consisting OF a glass screen.
measuring approximately feet by
over which the magnitied ticker tape
passes. Reproduction Of the numerals
on the tape is transplantod on the
screen in characters about inches in
height, plainly visible from any point
IN the boardroom.
The stock quotation board will be
maintained, but primarily for the pur-
pose of noting the range of the mar
ket. 1t was said.
The importance of the new ma
chine may be gauged by the agree.
ment made between its company and
the Western Union Telegraph Co
whereby the latter becomes practical
ly the selling agent in the United
States for the product. This con
tract covers all security and com :.
modify quotations outside Of the.
financial district in brokers Offices.
banks. hotels, clubs and other places
where Western Union service. extends.
They are installed on rental basis
Discount Company Sold
The Cleveland Discount Co .
thirty -million-dollar concern which,
was plunged into reCeiverShip nearly
three years ago, was sold in Cleve-
land yesterday at public auction un-
der court order.
The actual bid. accompa MED bv a
certified check for $500 900. was only
S26l ,982.36, but with the purchaser
assuming responsibility for oblisa
tions of S7.7S2. .5I3.79. the selling price
was $S.044 496.15.
There was but one bidder. ;he
Assets Purchase Co. headed by I'VE
company reorganization managers,
Bond List Broadened
Government dollar bonds of SO for
eiGn countries are now listed on the
New York Stock Exchange. in com
parison with only six countries in
1924, chart prepared by Redmond
& Co. giving fundamental statistics
| of finances. commerce and general
development. shows that virtually
every country of major Importance in
the world is represented.
Business Confidence Steady.
No perceptible lessening of business
confidence resulted from the collapse
of stock prices early this week, Dun
reports in its weekly review. The
| primary cause for the reaction e,ist
cd within the market itself. the report
says. speculation having been carried
TO excess. and during the period of
! readjustment in that quarter atten-
! ton was temporarily diverted from
some of the best industrial news Of
! the year. another large gain in the
untitled orders of the principal steel
ha cd rl,S... . mi i.11 11,-
| the accommodating evidences of com
mercial progress. while the prospect
! of extensive buying Of railroad equip
ment in 1926, which is stressed in cur
| rent reports, further strengthens sen
timent.
Results disclosed in financial state
mentS of various corporations, more
over. have exceeded estimates. and re
sumptions of long deferred and dec
larations of extra payments show that
prosperous conditions prevail in diff
ferent lines. There are. in fact, few
discordant notes in dispatches from
the leading trades and geographical
sections of the country, adverse
phases being the exception.
Trading on Local Board.
Railway preferred stock was the
only issue of more than passing note
on the Washington Stock Exchange
today. this issue selling to the ex-
tent of 156 shares. with fractional
| advance in price to S9a4
New Potomac Electric Power pre-
ferred stock changed hands to a re-
| stricted amount at 104. and Wash
inEton Gas Light was slightly firmer
at 69a4. Capital Traction remained
! unchanged at 1895. as did Lanston
at S5ls.
Unlisted Securities Prices
The following latest bid" ana
asked" prices for unlisted securities