THE NEW YORK STOCK EXCHANGE CRASHES AGAIN
New York:
THE STOCK MARKET CRASHES AGAIN -- DROPPING nearly 12%. Over 9 million shares trade, the second-highest trading day
on record, exceeded only by last Thursday's crash. Today's plummet is especially demoralizing given the upbeat assessments from Wall Street bankers and President Herbert Hoover since Thursday.
The market starts down immediately upon opening. A small rally happens around 1 p.m., then the selloff continues, even accelerating late in the day when it becomes clear that the bankers who stymied last Thursday's avalanche would be making no further moves today. Today's crash lacks the panicked frenzy of Thursday, but the net result at the closing bell is actually worse.
The market starts down immediately upon opening. A small rally happens around 1 p.m., then the selloff continues, even accelerating late in the day when it becomes clear that the bankers who stymied last Thursday's avalanche would be making no further moves today. Today's crash lacks the panicked frenzy of Thursday, but the net result at the closing bell is actually worse.
Manchuria:
In the ongoing border clash,
Manchurian/Chinese forces* reportedly attack two Russian posts along the Argun
River on the border. In one town, the attack is preceded by heaving artillery shelling. In another, in the Turyrock region, marauding Manchurian forces kill Russian
soldiers and plunder the town before withdrawing.
Russia:
The
communist government KILLS two more OF ITS CITIZENS, Jewish diamond merchants who allegedly smuggled diamonds out of Russia. The government says they "defrauded" the country. Their deaths bring the total number of Soviet citizens killed by their government in the last four days to 63.
Japan:
An assassination attempt is made on
Prime Minister Osachi Hamaguchi. Since
becoming Prime Minister in July, Hamaguchi’s cabinet has been challenging nationalist
military radicals whose influence over Japan is growing. A man with a dagger, whom authorities say is deranged, jumps on the running board of Hamaguchi’s car, but he is thrown off
and Hamaguchi is unhurt.
Kyoto, Japan:
The 3rd conference of
the Institute of Pacific Relations opens. This unofficial gathering of nations with an interest in the Pacific Rim has been growing. This year, government representatives from Japan, China, the U.S., Great Britain and 9 others are on hand.
Immediately, the dialogue is charged. After the formal openings, China's delegation uses the first evening session to accuse Japan of interfering in China’s civil war, mistreating civilians, and assassinating a warlord in Manchuria. The nationalist army advance on Peiking in 1927, one delegate says, was stopped "not by communists, but by Japanese troops. Chinese civilians were maltreated and many were killed by Japanese soldiers during the Japanese occupation."
Meanwhile, Japan's delegation claims that a U.S. immigration policy from 1924, that excludes Japanese from America, is an "open wound." "The controversy arising from American immigration legislation in 1924 is not closed," one delegate says. "The wound so needlessly inflicted on our national honor is still open and will remain open until the matter has been rightly settled. I think it necessary to make this plain statement because there seems to be an impression in America that the incident is as good as forgotten in Japan. This erroneous impression is doubtless due to our courtesy and reticence on this subject in conversing with American visitors."
Immediately, the dialogue is charged. After the formal openings, China's delegation uses the first evening session to accuse Japan of interfering in China’s civil war, mistreating civilians, and assassinating a warlord in Manchuria. The nationalist army advance on Peiking in 1927, one delegate says, was stopped "not by communists, but by Japanese troops. Chinese civilians were maltreated and many were killed by Japanese soldiers during the Japanese occupation."
Meanwhile, Japan's delegation claims that a U.S. immigration policy from 1924, that excludes Japanese from America, is an "open wound." "The controversy arising from American immigration legislation in 1924 is not closed," one delegate says. "The wound so needlessly inflicted on our national honor is still open and will remain open until the matter has been rightly settled. I think it necessary to make this plain statement because there seems to be an impression in America that the incident is as good as forgotten in Japan. This erroneous impression is doubtless due to our courtesy and reticence on this subject in conversing with American visitors."
Germany:
The Liberty Law* plebiscite ends
tonight, and newspapers still report that it looks like it will fall well short
of the 4 million votes needed to force it to the Reichstag.
* See the definitions page.
* See the definitions page.
No comments:
Post a Comment