I I HEAVY SELLING HITS MART LIST NEW NEV YORK Nov 20 UP The UP-The The U-The The stock market plunged p about nerv nervously nervously ner- ner in heavy trading Wednesday sharp shar first hour advances being more than offset by heavy seln selling in the last hour Final losses extended ox ex- tended to three points point Tick Tickers were unable to keep pace In the first hour as blocks up t shares came out quotation were abbreviated and tickers as much as four minutes behind The same thing occurred In the las hour Trading volume the share marks mark one of th most active sessions of the year Only utilities managed to stan up against the combined profit profil taking short selling and genen realizing They were improved b new record production in output excellent Increase in gros earnings and announcement th tha the United Gas Improvement pany would not register under U th holding company act and woul test constitutionality of the law The late break was a purely tec move after the market hs ha shown constantly bullish moves i i recent sessions Greater portion the selling appeared in the rail ar an industrial leaders which have be bee moving ahead rapidly in the la few weeks Chesapeake Ohio was one tho declining rail leaders and t selling reflected disappointment 1 traders that the company had n declared an art extra dividend day Industrial news continued exee lent Additional good dividend pa were reported including a special extra by Homestake Ml ing while the tho magazine Iron A said steel production was risk Earnings figures continued favo able One upset to the markets market's und unde tone was weakening of the franc reflecting uncertainties Paris over the economic and which likely will mean great gold shipments to the United Stat Radio corporation and Intern Telephone were early t rites each opening at shat shar for fractional rises to new highs 1 f the year They remained fir through the session U. U S. S Steel dropped more than point to below 49 Bethlehem Sti more than a point to below 50 J. J Case about 3 points to around 1 Westinghouse more than 3 poll to 95 4 1 Chrysler almost 2 poll to around 86 General Motors m than a point under 58 New Yc Yo Central lost more than a point 24 1 Atchison Topeka Santa was 1 8 15 Slower 5 lower at 51 2 2 1 and Uni Pacific was easy