Ticker tape

Definition and stakes

Henry Howard Harper,  The psychology of speculation (1926)

“ And thousands daily are influenced by the stock ticker to commit the most fatuous blunders.
As a camera fails to record a true picture if placed in too close juxtaposition to the object, so in studying the ticker-tape one is restricted to a close-up view of conditions, resulting in a distorted gauge of values; for the figures recorded often mislead and confuse the attentive observer; in fact it frequently happens that the price fluctuations result from a wave of hysteria among a coterie of traders, and bear but little analogy to the true value of the stocks.
”
Source: Gutenberg

Various,  Ainslee's, Vol. 15, No. 6, July 1905

“ The man with his nose glued to the ticker globe is a professional operator who trades from the tape. And that hungry-looking person who has just rushed in is a bankrupt tipster, making a precarious and pitiful existence, like a woman of the town, out of the means of his ruin. ”
Source: Gutenberg

Thomas William Lawson,  Frenzied Finance, Vol. 1: The Crime of Amalgamated

“ A stock operator's one reliable source of information is his ticker and tape. For the benefit of those of my readers who are unacquainted with the paraphernalia by which stock-markets and financial operations are conducted, I would say that the ticker is a small printing machine through which passes an endless paper tape. The machine is run by telegraph wires, and it prints upon the tape letters and figures which are abbreviations of the names and prices of all the stocks and commodities dealt in on the stock-exchanges and boards of trade throughout the world. ”
Source: Gutenberg

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