BLACK MONDAYNEW YORK, 1987.
Two spools of Dow Jones paper news tape, Friday, October 16 and Monday, October 19, 1987, New York, the first ending at 4:38 p.m. and reporting total trading for the day stocks 18.5m and bonds 2.2m, the second spool for Black Monday opening late in the day and closing at 7:08 p.m., information running up to 2 hours late.
DOW JONES NEWS TAPE FOR TRADING ON BLACK MONDAY AND THE FRIDAY PRECEDING. After the bell at 4:30 p.m. on Monday October 19, 1987, the late NY market comment was, "Today's 503 point, 22.62 percent collapse in the Dow Jones industrial average was not only the single worst day for the market since before the great depression it also exceeds the biggest weekly percentage loss." The Dow Jones closed at 1,738 on Monday the 19th, a precipitous drop from its peak of 2,722 on August 25, 1987 a level it would take nearly two years to reach again. The tape notes "that because of a processing backlog related to heavy trading" many statistics won't be available, but at 5 p.m. they announced the volumes of trading at 35.4m stocks and 2.7m bonds. Certainly a day that will remain with every trader on that floor. The present lot includes a collection of ephemera, reports and newspapers relating to Black Monday.