Word: blacks
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Dates: during 1970-1979
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...Jones industrial average, having already slipped in seven weeks from its record high of 381, dropped by six points on spectacularly high volume to 299. The plunge continued on Friday, on a half-day session Saturday, and on Monday as well. But Tuesday is nonetheless remembered as the truly black day: as frightened shareholders across the country rushed to sell, trading volume soared to an unprecedented 16,410,030 shares,- the Dow tumbled another 31 points, to 230, and it was clear to almost everyone that something catastrophic had taken place. The Dow was down 151 points, or about...
...decline turned into a rout on Oct. 24, five days before Black Tuesday, and in the days and weeks that followed Wall Street was like a city under siege. Broker Jonas Ottens, 78, then an odd-lot order clerk with Salomon Bros., recalls being pressed into service to telephone customers to tell them that their margined stocks were to be sold off unless they put up more money. "The first call was routine," he remembers. "But the second man acted so upset that I thought he was going to go out and kill himself. I just refused to make...
Leonard Jarvis, 75, now a senior vice president with Shearson Hay den Stone, remembers Black Tuesday as "a bloodbath. It was horrible." In the days after the crash, he says, several of his friends committed suicide, one by jumping off the Daily News Building, another by leaping from his commuter train. One man asked a friend of Jarvis how someone could kill himself without pain; a drug was mentioned and the next morning the questioner was dead. Two weeks later the man who advised him shot himself. "They went one after another," says Jarvis. "They couldn't stand...
...Black Tuesday itself some stocks could scarcely be given away. White Sewing Machine Corp., which had reached 48 not long before, had closed at 11 on Monday. On Tuesday someone-some say a messenger boy-suggested a bid of a dollar a share. Since there were no takers, he got a block of it. Reuben Thorson, 77, retired senior partner of Paine Webber, recalls, "The volume was so heavy that the tape was late by hours. We had no idea what the prices were...
...piece has a good, basic comic premise in the puzzled response of the black-clad, soberly Unitarian locals to the exotic birds of passage who have come to light among them. This is nicely realized in the film by Felix, an unpretentiously bohemian artist, recognizing in his cousin Gertrude a fellow spirit struggling to burst free. The couple, played with lively grace by Tim Woodward and Lisa Eichhorn, provide the movie with its most beguiling passages, and their story, his winning her away from the lumpish minister her family intends her to marry, gives it its strong est narrative pulse...