Bankers Mobilize for Buying Today

Wall St. is certain coalition has decided to throw funds into market for support. Investment trusts to aid. Financiers at meeting agree prices are now attractive and money is plentiful. Orderly market is aim. Situation needs leadership. Reserve Bank watching market.

That heavy banking support would come into the market today was the consensus of leading bankers last night. Prominent financiers asserted that many stocks had reached, at yesterday’s close extremely attractive levels, gauged by any yardstick.

– New York Times, October 29, 1929, Black Tuesday