Abstract

The News Machinery of Wall Street

The Wall Street is concerned with the factors and influences within its own limits and throughout the U.S. and the civilized world that will go a long way towards making people decide whether they will buy or sell and in what amounts. In short, every one who has to do with the affairs in the financial district wants to know the news and everything that is likely to have a bearing upon the financial markets. Much of the news affecting the financial markets originates in Wall Street itself, and to handle this local news a big staff of men is employed by the news agencies. From one to four or five men are sent to report a dividend, an annual meeting of stockholders, an important statement of earnings, or a big piece of financing by bankers.