Some stocks failed to find buyers at any price. All of this happened not only at the stock exchange, but also throughout the country and the world. Telephone lines were overloaded, and Wetern Union broke its single day record for cables. Silence descended over the crowd. Whitney promptly announced he was buying 10,000 shares at 205.
Cheers rang across the floor.
Comedian Grouch Marx was wiped out. He should have said twenty days, for the worst was yet to come. Prices held on Friday and during the half-day Saturday session. A record 16 million shares traded on that day. The free falls stopped but the market continued sliding.