Salt Lake Telegram | 1919-11-12 | Page 7 | Stock Market Crash Hits Investors

I r STOCK T CK MARKET CHA H HITS n INV INVESTORS TO I II I Watt Wall all Street Conditions Demoralized Demoralized De De- moralized d With Call Can Money I I at 30 Per Cent J NEW YORK Nov 12 Prices Prices In the stock market broke with a crash at o'clock today No group in the theU U list t was spared General Motors fell fen below and Crucible Steel dropped to Brokers reported It was almost Impossible impossible impossible im Im- im- im possible to borrow money at any price and as a a. result stocks were i thrown overboard for whatever they I would bring Rails held up fairly I well wen but they had not shared in the I rapid advance of ot industrials during the year The market became completely de demoralized demoralized de- de moralized in the last hour when call money rose to 30 per highest rate since the panic of 1907 Overnight Overnight Overnight Over Over- night losses of 10 to 2 25 points were scattered throughout the list and General Motors showed a n. decline of 65 points