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Stock Market Headlines in 1929

Stock market news regularly reported headlines on front pages as the number of first-time investors grew in the
1920s. Throughout 1929 daily papers reported that the future looked bright for investors — even a'er the devastating
market crash in October.(

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Public Liquidation Spurred by Bears, Hits Low Market - Scare Orders From All Over Country Halt
Ticker an Hour in Feverish Day
By Laurence Stern(

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A renewed wave of public liquidation swept over the stock market yesterday, depressing prices severely and
hopelessly clogging the quotation ticker…To the majority of the market’s followers, who now must be counted in
millions, the most significant aspect of the decline is that it has carried the average level of the list to a lower point
than was reached on Oct. 4 in the sharp break that climaxed a month of gradual recession.(
— The World, October 20, 1929

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Brokerage Houses Are Optimistic on the Recovery of Stocks. Brokers in Meeting Predict Recovery
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A reassuring message to the stock market community went out last night over the country-wide network of private
wires operated by brokerage houses. This was the result of an agreement reached yesterday a'ernoon at a special
meeting of the partners of about thirty-five of the largest wire houses of the New York Stock Exchange…Much of the
selling of the last few days, the brokers felt, was induced by hysteria. The views of all of the brokers present were
heard, and none knew of anything disturbing to the general market situation…(
— The New York Times, October 25, 1929

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Brokers Believe Worst Is Over and Recommend Buying of Real Bargains
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Wall Street in looking over the wreckage of the week, has come generally to the opinion that high grade investment
issues can be bought now, without fear of a drastic decline. There is some difference of opinion as to whether not the
correction must go further, but everyone realizes that the worst is over, and that there are bargains for those who are
willing to buy conservatively and live through the immediate irregularity.(
— New York Herald Tribune, October 27, 1929

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Gigantic Bank Pool Pledged To Avert Disaster as Second Big Crash Stuns Wall Street
By Laurence Stern(

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A'er the stock market had come crashing down again in a veritable deluge of forced and hysterical liquidation…
Although no formal statement was issued, it was the consensus of those at the meeting that the worst of the
liquidation is over and that a natural demand for investment stocks now available on the bargain counter should go
far toward an immediate restoration of trading stability.(
— The World, October 29, 1929

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Very Prosperous Year Is Forecast
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That 1930 may be a very prosperous year, industrially and otherwise, without the peak conditions that made 1929 an
exceptional year for business prosperity, is an observation made by Louis Guenther, publisher of the Financial World…
“To grow too fast is o'en unhealthy because of the suddenness with which a readjustment must be met…”
Fortunately, we have returned to a more normal mind in appraising prospects.(
— The World, December 15, 1929

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