On this day

November 12, 1929

Revisit the news, notable people, and historical moments connected to this date.

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Headlines from November 12, 1929

STOCKS BREAK AGAIN IN NEW RUSH TO SELL; STEEL AT YEAR'S LOW; 11 -Point Drop Puts Market Leader at 159 --Losses One to 25 in Other Active Issues. PRESSURE HEAVY AT CLOSE 1,767,150 Shares Are Sold in Final Hour, as Against 1,600,000 in Rest of Day. SLUMP MYSTIFIES BROKERS They See No Factors to Justify It and Say Big Concentrated Liquidation Is Out of Way. Buying Power Is Lacking. Many Traders on Sidelines. STOCKS BREAK AGAIN IN NEW RUSH TO SELL Table Shows Exchange Losses. Markets Halt for Armistice. Average Decline 11.85. STOCKS DECLINE ON CURB. Trading Is Orderly, but Many Issues Close at Day's Lows. PHILADELPHIA SUSPENDS. Exchanges Also Closed in Chicago for Armistice Day--Open Today. SEE WEAK SPOTS REMOVED. Bankers, However, Admit Buying Power Manifest Is Disappointing. RUMOR MONGERING BANNED. Exchange and Curb Firms Warn Employes Against Wild Stories.

By Unknown Author

Heads of member firms threaten with dismissal employes spreading wild rumors on financial status of any individual or firm

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HOOVER URGES IMMUNITY FOR FOOD SHIPS IN ARMISTICE DAY PLEA AGAINST WAR; WILL CUT NAVY AS LOW AS POWERS AGREE; OFFERS NEW CODE FOR SEAS President Bases Personal Suggestion to Nations on His War Relief Work. OUTSIDE OF LONDON PARLEY In Direct Arms Reduction, as Aid to World Peace, He Pledges America's Good-Will. SEEKS END OF WAR CAUSES His Statement of Policy, With Warning for Defense, Cheered at Legion Service at Capital. A Factor in Great Armaments. Nation Joins in Honoring Heroes of War and Sending Up Its Prayers for Peace Thousands Acclaim Hoover. Legion's Service Is Pledged.

By Richard V. Oulahan Special To the New York Times

Hoover, Armistice Day s

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Notable Births

Michael Ende

1929Michael Ende, German author and fiction writer (died 1995)[†]

Michael Andreas Helmuth Ende was a German writer of fantasy and children's fiction. He is known for his epic fantasy The Neverending Story ; other well-known works include Momo and Jim Button and Luke the Engine Driver. His works have been translated into more than 40 languages and sold more than 35 million copies.

Grace Kelly

1929Grace Kelly, American actress, later Princess Grace of Monaco (died 1982)[†]

Grace Patricia Kelly was an American actress and Princess of Monaco as the wife of Prince Rainier III from their marriage on April 18, 1956, until her death in 1982. Prior to her marriage, she achieved stardom in several significant Hollywood films in the early to mid-1950s. She received an Academy Award and three Golden Globe Awards, and was ranked 13th on the American Film Institute's 25 Greatest Female Stars list.