New York, Feb. 3.
Prices on Wall Street crashed through the lowest levels recorded since 1935 in to-day's trading, with losses ranging to 5 or more points. Selling in virtually all groups was started by the sharp break in American Telephone and Telegraph. Brokers attributed the decline partly to rumours regarding the forthcoming Federal Communication Commission's report on the company, though there were no indications that an adverse report was expected. However, conditions at the close were quiet. The turnover to-day amounted to 1,090,000 shares.
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