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Stock market has its biggest gain in history...
Item # 647433
October 7, 1931
NEW YORK TIMES, October 7, 1931
* Wall Street - stock market
* 2nd biggest percentage gain is history
* The Great Depression era
While most reports on the stock market have a negative focus--"crash" days always sell well--we are pleased to offer this issue which was a bit of brightness in the midst of the Great Depression.
The Dow Jones Industrial Average had its 2nd single best day (percentage change) in history on October 6, 1931 achieving a 14.87% gain. It is this event that is reported on the front page with a one column heading: "STOCK PRICES SOAR; NEW CURB ON SHORTS" and subheads. This event even eclipsed the 936.42 point gain on Oct. 13, 2008, which was an 11.08% gain.
Terrific to have this report in the Times, the home of Wall Street and the stock market.
Complete in 52 pages, a few small binding slits along the spine, generally very nice.
Category: The 20th Century