Business: Market Standoff

Not since a dark week in 1933 had the stock market been stormed by such an army of buyers and sellers—but this time without catastrophic results. Time and again throughout the week, the Dow-Jones tape fell well behind the flood of transactions ; on one occasion it was running 18 minutes late. In the confusion, the Dow-Jones News Service was reduced to asking brokers on the floor what was happening. The surprising answer: not much. Despite the heaviest volume (5,830,000 shares on one day) since the Eisenhower heart attack of 1955, the averages did not budge more than a few points...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!