The stock market crash - and after

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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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Document type:: Monograph

Structure type:: Chapter

Title:: Chapter I. The Stock Market Crash

Collection:: Economics Books

The Stock Market Crash firms issuing them, would show the best results for the “long pull.” Thereafter so-called ‘“normal” conditions pre- vailed in the stock market with stocks generally mov- ing higher in steady trading, under the impetus of optimistic reports from President Hoover's confer- ence with railroad officials, business leaders, farm leaders and the Governors of the states. These assured the country that every department of the nation’s business would proceed under normal or augmented programs. Open market values of listed stocks on the New York Stock Exchange had fallen by $15,320,979,515 during October. The Stock Exchange statement for December 1st shows the number of listed shares at 1,117,126,726, worth at market prices $63,589,338,- 823. The loss in the market value of listed shares during November was therefore $8,163,312,085— about half of the previous loss during October. From the peak of listed share values on Septem- ber 1st down to December 1st, the loss had been $26,078,938,031, from $89,668,276,854 at the top. The Commerciel and Financial Chronicle gives a minimum estimate of $40,000,000,000 shrinkage of total market values, which includes, of course, curb and over-the-counter unlisted securities. The ratio of member borrowings to listed share values on December 1st was 6.32 per cent—the lowest figure thus far on record. The previous low was 8.06 per cent on September 1, 1927. |

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