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Today is Sunday, Oct. 29, the 302nd day of 2006. There are 63 days left in the year. On this date in 1929, "Black Tuesday" descends upon the New York Stock Exchange. Prices collapse amid panic selling



Published: Sat, October 28, 2006 @ 12:00 a.m.



Today is Sunday, Oct. 29, the 302nd day of 2006. There are 63 days left in the year. On this date in 1929, "Black Tuesday" descends upon the New York Stock Exchange. Prices collapse amid panic selling and thousands of investors are wiped out as America's "Great Depression" begins.

In 1618, Sir Walter Raleigh, the English courtier, military adventurer and poet, is executed in London. In 1901, President McKinley's assassin, Leon Czolgosz, is electrocuted. In 1940, Secretary of War Henry L. Stimson draws the first number -- 158 -- in America's first peacetime military draft. In 1956, "The Huntley-Brinkley Report," anchored by Chet Huntley and David Brinkley, premieres as NBC's nightly television newscast, replacing "The Camel News Caravan." In 1956, during the Suez Canal crisis, Israel invades Egypt's Sinai Peninsula. In 1966, the National Organization for Women is formally organized during a conference in Washington, D.C. In 1979, on the 50th anniversary of the great stock market crash, anti-nuclear protesters try but fail to shut down the New York Stock Exchange. In 1998, Sen. John Glenn, at age 77, roars back into space aboard the shuttle Discovery.

October 29, 1981: Sheriff James A. Traficant Jr. tells the Fraternal Order of Police he will recall four laid-off deputies and hire 12 new ones, but Mahoning County commissioners say they have no idea where the money would come from to fund the hirings.

The oil ministers of the Organization of Petroleum Exporting Countries meet in Geneva, Switzerland, and agree to increase the cost of a barrel of oil by 2 to 34.

The FBI is investigating the possibility that the security of telephone lines at its Youngstown office, along with those of the Internal Revenue Service, were breached by organized crime.

October 29, 1966: Promises of support for raising welfare payments to 100 percent of the daily minimum standards based on the 1966 cost of living, are made by six candidates seeking state and local offices who addressed the Youngstown Committee for Adequate Welfare.

The loss is estimated at 1 million in a fire that destroyed the Brown Furniture store and the former Hotel Ohio in Ashtabula.

Mahoning County's 2,600 precinct election workers will get 3 more in their pay envelopes for working the Nov. 8 election, bringing the daily pay for workers to either 18 or 21 for a 14-hour day.

October 29, 1956: In an unprecedented 30-minute television editorial, WFMJ-TV gives its full support to the Youngstown Bond Issue 5 that will finance the city's proposed expressway system.

Charles D. Curtis, U.S. commissioner of public roads, tells Congressman Michael J. Kirwan of Youngstown that it would probably take an act of Congress to retain Route 18 between Youngstown and Norwalk on the federal interstate highway system.

Advertisement: A 67-piece American Flyer electric train set, with elevated trestles, real smoke and a working headlight, regular 69.60, on sale for 29.92 at Strouss Hirshberg's.

October 29, 1931: Speakers at a meeting at South High School pledge they will not stop work until they organize enough depositors to reopen every closed bank in Youngstown.

Showing faith in Youngstown's business future, Sears, Roebuck & amp; Co. announces a huge local expansion program involving the expenditure of more than 50,000 and the lease of four floors of the former Homer and Williams building at Market and Boardman streets. The present staff of 40 will be expanded by about 100.

Besieged by 200 men seeking Christmas jobs, Youngstown Postmaster B.E. Westwood issues a statement that he will not be able to accept applications for extra holiday work until the middle of November.

Copyright 2006 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.




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