The Dow Jones Industrial Average: 1921- 1940
the Rise and Fall of the DOW

Excerpts from the

as collected by Mark Underwood

DJIA: 1929

Wednesday, July 3, 1929
SEES STOCK RISE JUSTIFIED
Moody's Says Returns Are In Line With Industrial Activity

Friday, September 6, 1929
STOCK PRICES BREAK ON DARK PROPHECY
Drop In Hectic Last Hour As Babson's Prediction Of A Big Slump Is Printed

BABSON PREDICTS 'CRASH' IN STOCKS: Says Wise Investors Will Pay Up Loans And Avoid Marging [sic] Trading

FISHER VIEW IS OPPOSITE: Declares No Big Recession In Market Is Due, Because Inventions Are Adding To Health


Wednesday, October 2, 1929
HAZLEWOOD WARNS BANKERS ON CREDITS
He Tells Convention Tendency is to "Pass the Buck" On Market Loans to Reserve Board
----------
CALLS THEM RESPONSIBLE
----------
Not Reserve System's Duty to Assume Burden, Says President at San Francisco Meeting
----------
CONFIDENCE IS UNSHAKEN
----------
But He Declares That Some Institutions Are Overloaded At The Present Time