I'm old enough to remember my broker having a functioning ticker tape machine in the office. This was in the late 60's, and it was common for tape quotes to still be fifteen minutes behind settlement prices. That is, unless the market had a big up or down day. Prices then could be as much as an hour late, and sometimes much more. Even when the first mainframes were taking over, the speed of the tickers still determined when you knew the real price of a share of stock. With the computers in use now, and volumes running at a rate of hundreds of times higher than in 1970, a delay of more than a second or two is unusual. The smart brokers were the ones who held on to their old tickers, especially if they were from the days when big brokerage houses had their machines personalized, often with ornate engravings, and the nameplates on the wood base were made of 14k gold. The machines were built out of sold brass and copper, and rare models sell for as much as $50,000. Ticker tape machines weren't just used for stock quotes. Gamewell and a number of other companies used them to enunciate and track fire and burglar alarms. Those red fire alarm pull boxes hanging on poles in many large cities sent out the alarm via ticker tape. They were used to transmit sports scores, and the main customers were newspapers and bookies. Merchant ships used them to keep track of what cargo should be loaded and unloaded in each port. Ticker tapes fulfilled many of the uses later taken over by teletypewriters, then faxes, and now texting and emails. Most of these changes have taken place within my lifetime, and the rate of change seems to keep on accelerating.
@@LittleCar You're welcome. One of the things about being an amatuer radio operator is I developed and interest in all things electronic, and ticker machines were one of the first to translate electrical impulses into readable text. People used to come from all over when these were first installed in brokerage offices just to watch the tape come out.
Nice video. 1 of the uses for ticker tape was left out. It was used by physicists to measure distance/speed/acceleration via a fixed frequency driving a ticker which would mark the ticker tape. By measuring the distances between the dots you could measure speed, acceleration, change in speed, change in acceleration etc all well before you could digitally.
The tickers were delivered into the late 1990's but were displayed on screens rather than on paper tape. There was a machine that used paper tape until the early '90's however. Here is a 27 second video: www.gettyimages.com/detail/video/angled-quotron-machine-small-slip-of-paper-printing-out-news-footage/514372867 This was manufactured by Scantlin Electronics which later took the name Quotron. I worked in midtown when these were still in use. Since I am old and the users are probably dead I will name them: Hill and Knowlton (public relations), Marty Davis (Gulf and Western which owned Paramount Studios), UPI in the Daily News building, and; both last and least because it was Quotron's smallest customer, the Polish Consulate which did not track stocks at all---it was interested in just one thing---the price of wheat. Quotron was acquired by Citicorp who forced these customers to get newer technology. What distinguished this product from the exchange tickers was that it printed the last trade on demand, and; there was a time stamp which was not on the tape from the exchanges. The paper tape was made by Kodak and was photosensitive.
So what was the purpose of a glass dome? Aside being able to visually read the tape, I assume it protects the mechanism form dust and derbies that may cause obstruction to the device.
Question: At the 0:15 mark, you have a double projected ticker display. Can you tell me where you got this part of the video? I'd like to see whatever came before or after this. Thank you.
Another brilliant video. Nice to see video that are about more niche things. Can I suggest a video about Nixie tubes and their original intended use. Also neon signage
Thanks for the suggestions! Ah Nixie tubes. After TechMoan's videos about them I got a Nixie clock of my own, but one or two of the tubes blew relatively quickly. 😢
@@LittleCar You can buy late production new old stock Soviet tubes from ebay for $15 to $20 a set. These are much improved from the original Nixie tubes from the 50's and 60's, and will generally last 100,000 hours, compared to the original's 5,000. They are also more shock resistant that the early tubes. The Soviets used NIxie tubes in thinks like calculators and signage through the 80's, and they remained in production through the 90's.
@@LittleCar Yes, it would involve soldering, but that kind of job is easy. Just a little flux on both ends of the wires, touch the iron just long enough to heat the wires, and then touch the solder to the wires. As long as you heat the wires sufficiently, the solder flows almost automatically. Use a pair of toothpicks to hold wires in alignment or, even better for a beginner, have another person hold the toothpicks to align the wires while you solder. Really, it's a great way to learn. I'm slightly above an idiot level when it comes to soldering, and even I can do this kind of job. :-)
Let me tie this in to tickers. Many brokerages had ticker displays that were visible from outside the office. They were typically made by Trans-Lux. However, there was also a display made by Philips using Nixie tubes. This was offered until the mid '80's when it became unprofitable so Philips lent money to a technician to buy the product line and existing spares (to get it off of Philips' books) and he maintained the product until he ran out of spare parts.
![Analysing Ticker Tapes - single strip + ticker tape graphs [PHYSICS ROX ~ MS HOO EXPLAINS]](http://i.ytimg.com/vi/0U01L4SChwk/mqdefault.jpg)
I'm old enough to remember my broker having a functioning ticker tape machine in the office. This was in the late 60's, and it was common for tape quotes to still be fifteen minutes behind settlement prices. That is, unless the market had a big up or down day. Prices then could be as much as an hour late, and sometimes much more. Even when the first mainframes were taking over, the speed of the tickers still determined when you knew the real price of a share of stock. With the computers in use now, and volumes running at a rate of hundreds of times higher than in 1970, a delay of more than a second or two is unusual. The smart brokers were the ones who held on to their old tickers, especially if they were from the days when big brokerage houses had their machines personalized, often with ornate engravings, and the nameplates on the wood base were made of 14k gold. The machines were built out of sold brass and copper, and rare models sell for as much as $50,000.
Ticker tape machines weren't just used for stock quotes. Gamewell and a number of other companies used them to enunciate and track fire and burglar alarms. Those red fire alarm pull boxes hanging on poles in many large cities sent out the alarm via ticker tape. They were used to transmit sports scores, and the main customers were newspapers and bookies. Merchant ships used them to keep track of what cargo should be loaded and unloaded in each port. Ticker tapes fulfilled many of the uses later taken over by teletypewriters, then faxes, and now texting and emails. Most of these changes have taken place within my lifetime, and the rate of change seems to keep on accelerating.
Thanks - fascinating! I appreciate you sharing this.
@@LittleCar You're welcome. One of the things about being an amatuer radio operator is I developed and interest in all things electronic, and ticker machines were one of the first to translate electrical impulses into readable text. People used to come from all over when these were first installed in brokerage offices just to watch the tape come out.
Great info. As fast as tech evolves I'm glad we've settled on email and instant messaging for the last 20 years. Can't think where we go from here.
wonderful insight for me born in 1989. thank you very much
what replaced texting and emails?
Would love more about the actual mechanisms in use in these machines.
Another excellent video. I knew what ticker tape was but had no idea why it was called that !
Yet another great little video - this channel is becoming a go-to for me.
This channel is in my Top 10 now
I've came across this channel, I like it.
The ticker tape parade ! Amazing pictures.
Nice video. 1 of the uses for ticker tape was left out. It was used by physicists to measure distance/speed/acceleration via a fixed frequency driving a ticker which would mark the ticker tape. By measuring the distances between the dots you could measure speed, acceleration, change in speed, change in acceleration etc all well before you could digitally.
Excellent and informative video. Thanks for putting this together and sharing!!
The tickers were delivered into the late 1990's but were displayed on screens rather than on paper tape. There was a machine that used paper tape until the early '90's however. Here is a 27 second video:
www.gettyimages.com/detail/video/angled-quotron-machine-small-slip-of-paper-printing-out-news-footage/514372867
This was manufactured by Scantlin Electronics which later took the name Quotron. I worked in midtown when these were still in use. Since I am old and the users are probably dead I will name them: Hill and Knowlton (public relations), Marty Davis (Gulf and Western which owned Paramount Studios), UPI in the Daily News building, and; both last and least because it was Quotron's smallest customer, the Polish Consulate which did not track stocks at all---it was interested in just one thing---the price of wheat. Quotron was acquired by Citicorp who forced these customers to get newer technology.
What distinguished this product from the exchange tickers was that it printed the last trade on demand, and; there was a time stamp which was not on the tape from the exchanges. The paper tape was made by Kodak and was photosensitive.
Thank you!
Very informative, thank you for the video.
Nice video, tks
So what was the purpose of a glass dome? Aside being able to visually read the tape, I assume it protects the mechanism form dust and derbies that may cause obstruction to the device.
Yes, protects the insides from damage. Also, the dome muffles the ticking sound, which can be quite loud.
👍🏽 Fenway Park scoreboard.
Do you know where to get more tickertape? I used up all of mine tracking $GME stock
Great video
Question: At the 0:15 mark, you have a double projected ticker display. Can you tell me where you got this part of the video? I'd like to see whatever came before or after this. Thank you.
Another brilliant video. Nice to see video that are about more niche things. Can I suggest a video about Nixie tubes and their original intended use. Also neon signage
Thanks for the suggestions!
Ah Nixie tubes. After TechMoan's videos about them I got a Nixie clock of my own, but one or two of the tubes blew relatively quickly. 😢
@@LittleCar You can buy late production new old stock Soviet tubes from ebay for $15 to $20 a set. These are much improved from the original Nixie tubes from the 50's and 60's, and will generally last 100,000 hours, compared to the original's 5,000. They are also more shock resistant that the early tubes. The Soviets used NIxie tubes in thinks like calculators and signage through the 80's, and they remained in production through the 90's.
@@sarjim4381 Thanks for the suggestion. That would likely involve soldering, which is something I really shouldn't try given my track history!
@@LittleCar Yes, it would involve soldering, but that kind of job is easy. Just a little flux on both ends of the wires, touch the iron just long enough to heat the wires, and then touch the solder to the wires. As long as you heat the wires sufficiently, the solder flows almost automatically. Use a pair of toothpicks to hold wires in alignment or, even better for a beginner, have another person hold the toothpicks to align the wires while you solder. Really, it's a great way to learn. I'm slightly above an idiot level when it comes to soldering, and even I can do this kind of job. :-)
Let me tie this in to tickers. Many brokerages had ticker displays that were visible from outside the office. They were typically made by Trans-Lux. However, there was also a display made by Philips using Nixie tubes. This was offered until the mid '80's when it became unprofitable so Philips lent money to a technician to buy the product line and existing spares (to get it off of Philips' books) and he maintained the product until he ran out of spare parts.
Very Good Sir. OPEL...sell sell sell !
Newsboys million pieces brought me here
The beginning of turbocapitalism :(
why do you use products of turbocapitalism to complain about it? throw away your phone and computer, cancel the internet and go live to cave...
is it resolution?
Reading word for word from Wikipedia
Ticker tape parade
Afer the ticker tape welcome....
Leans on broom and sighs..
Cordialement,
Thank you! Dont think i would like the job of clearing it all up. (: