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Newspaper
Amarillo Globe
Location
Amarillo, Texas, United States of America
Date
Oct 31, 1929
Page
7
Wall Street ended the week with a hopeful rally as Rockefeller Sr and Jr indicated confidence in the market. Heavy buying pushed 10.7 million shares through and led to gains of up to 86 points for top issues amid a prior wave of record declines.
Stock market turmoil sees John J. Bell and Company suspended. American Telephone and Telegraph jumps 86 points as settlement volumes hit a record 3.5 billion dollars. Brokers suspend margins, then Rockefeller steps in with buy orders, reviving confidence as in 1907.
W. M. Collins national president of the American Railway Mall Association was honored with a Capitol Hotel banquet attended by local mail clerks. He spoke on the association’s legislative program and his Amarillo visit to support the local organization.
The Khiva Temple fall ceremonial is scheduled for Wednesday November 27 starting at 9 o'clock. The event details indicate a daytime observance led by temple members in Khiva.
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