July 6, 1930 was a Sunday with no Journal, so again a little editorial commentary.
Another couple of surprises about 1930 - these were unexpected based on my previous reading about the Depression.
Availability of good economic and company information: Previously, I tended to think of this period as a kind of Dark Age when it came to investor and managerial access to information. It's therefore surprising to read the Journal day-by-day and realize that economic stats usually seem to be available very promptly - I may be wrong about this, but some seem to come out quicker than they do now, and there are usually good preliminary estimates of the important stuff. When it comes to company information, it's true that things aren't as standardized as they are now (quarterly reports with full financials), but many companies seem to be reporting more quickly than they do today, and often you also get good preliminary estimates toward the end of quarters (possibly prohibited now due to quiet period rules). So, those of you counting on superior computerized information/statistics to save us today might be barking up the wrong tree.
Overcapacity everywhere. One of the things that jumps out at me the most is that every day there seem to be three or four stories about different industries trying to cut production down to match demand using desperate measures such as industrywide cooperatives, production holidays and curtailment, and buying and segregating surplus. Now, I understand how this would happen after the economy had spiralled down to a really serious extent, but as measured by most stats this really hadn't happened yet at this point. So, it's an interesting question to me how this chronic problem of overcapacity in many industries at once developed. Some of it can be explained by government action (ex. the Farm Board for agricultural commodities), but it happened in many industies that weren't government-”supported,” such as steel and livestock.