17/41 White faced, dishevelled brokers shouted and struggled like men possessed to execute the orders of their clients. Big financial houses, which stood to lose millions on a falling market, rallied and by rush orders to buy, attempted to stem the tide, but all to no purpose. One firm after another went by the board unable to weather the tempest, until just before closing time, the stock ticker announced the failure of the Great Northwestern Mining Co. The drive in the market had been principally directed against its securities, and after vainly endeavoring to check the bear raid, it had been compelled to declare itself bankrupt. It was heavily involved, assets nil, stock almost worthless. |