Business: 1929

Bankers v. Panic

In Grand Central, Manhattan, Sydney Zollicoffer Mitchell dismounted from the Twentieth Century with a bad cold, went quickly to his office in the 2 Rector St. building. He telephoned a large Stock Exchange house, said he thought there would be trouble but "just call on me for anything you want." A few hours later stock of his gigantic Electric Bond & Share which had recently reached a high of 189 sold for 91. A few days later, it sold at 50.

Promptly at 10 a. m. on Thursday Oct. 24, sounded the gong of the New York Stock Exchange and...

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