For the sixth successive week stock prices in New York fellto 22% below the highs of last May. Businessmen could no longer ignore the warning of this barometer. There was stormy weather ahead. How severe they thought it would be depended a good deal on their distance from New York.
A Chicago retailer exclaimed: "New York gets discouraged by a seven-point drop in the stockmarket but by the time the flash gets here, we're only two points discouraged. Five points get lost in the Illinois corn."
By the time the stockmarket slump reached...
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