(10/27/04) Webmaster Note: the following was excerpted from a longer article published on www.Forbes.com

75th Anniversary Of The Great Crash:

Eye On Stocks For Tuesday, Oct. 29, 1929

By Peter Kang

...Pierce-Arrow Motor Car reported net profit for the quarter ending in September of $719,498 after dividend requirements of $3.04 per share were met for 197,250 Class-A shares. The automobile company's Class-B shares are owned entirely by the Studebaker . A.R. Erskine , president of Studebaker, said the recent decline of automobile stocks was unwarranted, adding that business conditions do not reflect the current low prices. Pierce-Arrow shares fell 4 points to $21; Studebaker shares closed down 6 points to $53; Studebaker preferred closed at $123...