The Magnetic Telegraph, Price and Quantity Data, and the New Management of Capital
Economic History Association / Cambridge University Press
The contribution to growth of telegraphic- as opposed to rail-speed transmission of financial asset and commodity price data remains unclear. With more certainty we can identify savings in the holdings of real capital-savings made possible by the use of the telegraph at the firm level to implement tight systems of logistical control.
Field, Alexander J. 1992. "The Magnetic Telegraph, Price and Quantity Data, and the New Management of Capital" Journal of Economic History 52 (June): 401-13.