November 14: ON THIS DAY IN HISTORY
ON THIS DAY IN 1929, the Brooklyn Daily Eagle reported, “The bullish forces in the stock market turned on the bears with all the forces at their command today and staged a brilliant rally. Wide advances were scattered all over the list. The active retreat of the bears, inspired by a combination of Federal Government, big banking and Exchange authorities, was a large factor in the upward swing. But widespread buying from all sorts of sources was large also. Some of the stocks which had opened up widely settled down somewhat while others pointed still higher. U.S. Steel, a market leader, which had started at 155, was up to 159 at noon. General Electric, on the other hand, was down 3 from an opening at 187, which was up 16. Standard Oil of New Jersey, which started 8 points up at 59, dropped back several. American Telephone, on the other hand, continued to advance to 211. Trading was on a big scale with the ticker nearly an hour late at midday, with only an hour to go. Sales in the first two hours totaled 3,885,000 shares.”
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ON THIS DAY IN 1931, the Eagle reported, “LITTLE ROCK, ARK. — Governor [Harvey] Parnell has appointed Mrs. Hattie Caraway to the United States Senate to succeed her husband, Thaddeus H. Caraway. The Governor has also made it known that he will ask the State Democratic Committee to nominate her to fill the unexpired term ending in 1933. The committee meets Dec. 1. Mrs. Caraway is said to be willing to accept the appointment. Mrs. Caraway will be the second woman to occupy a seat in the Senate. In 1922 Mrs. Rebecca L. Felton of Georgia served a courtesy appointment for two days.”