The stock market crash - and after

Bibliographic data

Monograph

Identifikator:: 1815583320

URN:: urn:nbn:de:zbw-retromon-204544

Document type:: Monograph

Author:: Fisher, Irving http://d-nb.info/gnd/118533541

Title:: The stock market crash - and after

Place of publication:: New York

Publisher:: Macmillan

Year of publication:: 1930

Scope:: XXVI, 286 S.; graph. Darst

Digitisation:: 2022

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter I. The Stock Market Crash

Collection:: Economics Books

The Stock Market Crash II cans abruptly abandoned their plans for winter vaca- tions and returned to New York in the hope of salvaging something from the wreckage. The sessions of the Stock Exchanges were cut to three hours each on four week days, partly to enable the overworked Exchange houses to catch up with their transactions, but chiefly to put a check upon further short selling and depression of the market. A vigorous closing rally on October 30th prefaced the strong and heartening rise in stock prices on the 31st, when 10,727,320 shares were traded and more than two and one-third billion dol- lars were regained by sixteen representative stocks. The rally of Thursday, the 31st, continued until noon, when the Exchange was closed for the balance of the week to ease the strain. The Board of Governors of the Stock Exchange announced that it had “reached a point of complete physical exhaustion.” The market recesses gave time to count up the losses in security values, and to gather from the nation’s business, financial and governmental leaders their opinions as to the probable causes and results of the panic and what measures might be taken to prevent a repetition of this painful ‘experi- ence. President Hoover called a series of conferences with business and banking leaders at the White House to devise ways and means of codrdinating the efforts of private business and Government to pre-

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