New York:
The third heaviest trading day on record sees
stocks slump again -- the market is down nearly 3% at its low, but a late rally holds losses to less
than 1%. More than 6 million shares move. The sell-off of last
week clearly continues. The "ticker" (the paper strip printout that records stock transactions) falls so far behind it doesn't print the market's closing values until 1 hour and 40 minutes after the market closes. Thus, the late rally isn't evident until well after the market has closed. Still, some stocks closed as much as 12% below their opening price.
Russia:
Five generals from the pre-communist
era army are executed by firing squad on charges of promoting a counter-revolutionary movement, the goal of which was to weaken the Red Army and open the door for foreign intervention in Soviet Russia. Several other accused are sent to concentration camps for hard labor. They were charged with maintaining an espionage system within Russia's military industries.
China:
In
surprise attacks, communist rebel forces reportedly capture the city of Chengchow
and three other cities from nationalist government forces.
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