Thursday, 31 October 1929

Germany: 

One casualty already from the New York stock market crash – the Bank of Civil Employees here collapses, costing 5,000 policemen, postmen and other government employees their deposits.

New York: 

The stock market is up again, 3%.  European markets are mixed: London and Paris rally on news that the U.S. Federal Reserve is lowering the bank rate, but Germany’s market is swinging wildly.

Elsewhere: 

Vienna: A factory is virtually under siege by 200 nationalist Heimwehr paramilitary members after socialist workers refuse to work with new Heimwehr-sympathetic colleagues.  Police disperse the mob.

China:  More heavy fighting is reportedly under way in the Honan province, in central China, between rebels and nationalist government troops.  Reports say the fighting is not going well for the government forces, and the rebels are spreading southward toward the Yangtse River.