New York Stock Exchange DJIA Stocks on October 29 1929
The Roaring Twenties, the decade that led up to the Crash, was a time of wealth and excess. Despite caution of the dangers of speculation, many believed that the market could sustain high price levels. Shortly before the crash, economist Irving Fisher famously proclaimed, “Stock prices have reached what looks like a permanently high plateau.”
However, the optimism and financial gains of the great bull market were shattered on “Black Thursday“, October 24, 1929, when share prices on the New York Stock Exchange (NYSE) collapsed with “Black Tuesday” October 29, 1929 occurring the following week, ushering in the Great Depression.
Here are the closing prices on the Dow Jones Industrial Average stocks for October 29, 1929.
|American Tabacco B||186.00||-9.25|
|General Railway Signal||77.00||-17.50|
|Standard Oil (NJ)||57.75||-7.00|
|Texas Gulf Sulphur||50.00||-5.75|
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