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Here appears the evidence that dealing with the leading industrial stocks, rails and utilities, the average high in 1929 was 253.5 and the price to-day, December 17, 1931, was 63, a fall in market price in two years of 75 per cent to one-fourth of the high value in 1929.

In other stocks, the fall was still greater, going down to 90 per cent, 95 per cent, and zero.

1931

1830

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1929 1928 1927

1926 Notice the violent decline when the brokers' loans were called in October, 1929.

1925 1922

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Here appears the evidence that dealing with the leading industrial stocks, rails and utilities, the average high in 1929 was 253.5 and the price to-day, December 17, 1931, was 63, a fall in market price in two years of 75 per cent to one-fourth of the high value in 1929.

In other stocks, the fall was still greater, going down to 90 per cent, 95 per cent, and zero.

1931

1930

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1928 1927

1925 Notice the violent decline when the brokers' loans were called in October, 1929.

1925 1923. 1922

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