Sunday 12 October 2008

One October far, far away................

A snapshot from the National Library of Australia newspaper archives:

WALL STREET COLLAPSE. FRENZIED TRADING. RECORD FALL IN VALUES. Banks Try to Check Decline. Heavy Loss on Leading Stock. NEW YORK. Oct. 28. The Argus Wednesday 30 October 1929, page 7. News 829 words... Loss on Leading Stock. NEW YORK. Oct. 28. The New York stock market crashed again on Monday under an ... overboard" as the stock market plunged downward, headed by- the earlier leading stock of the United States ... Surprises Officials. The stock market suffered a loss 1,000,000,000 dollars (£200,000,000), the sales... [full text not yet accessible]

AMERICAN LOSSES AFFECT ALL CLASSES
Toll of Market Collapse
WASHINGTON, Sunday.
Despite the stock market, crash 581
persons in the United States had in-
comes of more than 1,000,000 dollars
in 1929, according to the Bureau of In-
ternational Revenue.
There was a diminution of seven
from 1928. No less than 38,1150 per-
sons had incomes exceeding 50,000 dol-
lars, aggregating 5,952,000,000 dollars.
The money lost on the stock market
totalled 661,000,000 dollars of which per-
sons with incomes of less than 5,000
dollars showed 43,000,000 dollar losses
in speculative activities, indicating the
intense nature of speculation of all at
the time of the crash.
The Canberra Times Tuesday 17 March 1931, page 1. News 106 words

Cartoon was found at Slack B**tard

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