pointers and array

[arpanm]

hi everybody,
today i was reading a tutorial on C++ on <http://www.cplusplus.com/doc/tutorial/pointers/> and there it is wriitten in pointer and array Initialization section:"It is important to indicate that terry contains the value 1702, and not 'h' nor "hello", although 1702 indeed is the address of both of these."
Now i write a very simple program and compile it with gcc:

#include<iostream>
using namespace std;
int main(){
	char * terry = "hello";
	cout << terry << endl;
	
}

and its output is : "hello"
If terry does not contain "hello", the output should have been some address.

Pls help me to understand the concept.

Regards,
arpanm