- Ayres, Col. Leonard P.
- Vice President, Cleveland Trust Company, quoted from the company's
business bulletin.
- Babson, Roger
- Statistician. In response to his prediction of a coming market crash at
the 16th National Business Conference at Babson Park in Wellesley,
Massachussetts, the stock market took a sharp "break" (downturn).
- Fisher, Prof. Irving
- Professor of Economics, Yale University. Professor Irving was quoted many
times in the Times predicting continued high prices and growth in
the market. He was wrong.
Quotes from October 22, 1929 Article
- "He dismissed yesterday's break in the market as a 'shaking out of the
lunatic fringe that attempts to speculate on margin.'"
- "During the next few weeks, he predicted a 'ragged market, returning
eventually to further steady increases.'"
Note that these statements
were made two days before the crash.
- Hazlewood, Craig B.
- President of American Bankers Association, Vice President of First
National Bank of Chicago. Quoted in address to annual convention.
"It may be fairly said that many conservative bankers in this
country are gravely alarmed over the mounting volume of credit that is being
employed . . . both by brokers and by individuals."
- Mitchell, Charles E.
- Chairman, National City Bank of New York. Qouted as he was returning from
a two-week tour of Europe.
- Moody's Investors Service
- Now a subsidiary of Dun and Bradstreet, Inc., Moody's provides global debt
securities opinion and analysis and financial information services.
- Price, Walter W.
- President, Livingston & Co., stockbrokerage, quoted speaking at a
luncheon for the British Empire Chamber of Commerce, October 18, 1929.
- Sisson, Francis H.
- Vice President, Guaranty Trust Company, quoted from address at Columbia
University, October 31, 1929.