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Show MLD'SIMETS ANOTHER HEAVY DROP IN NEW YORK STOCKS. New York. Jan. 27 The opening (U-ahngs in stocks showed a very unsettled un-settled ton". Sharp advances in some quarters were accompanied by heavy selling In others. Amalgamated Copper, Cop-per, selling ex-dividoni, started 5-Sc higher than last night, but receded at once to below la(t night's 'level. Teu-nensee Teu-nensee Copper rose 1 1-2. American Car and Chicago Great Western l.an'l Pennsylvania. North .Western and American Smelting large fractions. Union Pacific sold down 2 points within with-in a few minutes, United States Steel 11-4 arid St. Paul and. Reading larg2 fractions. A rally of a point In Union Pacific caused a slight pause in the selling, but when pressure was resumed later the whole Hat broke badly to the low-point low-point of the hour. Union Pacific, Cnlted S'ates Steel. Reading and Amalgamated Copper were the chief points of weakness. Amalgamated Copper -was down 1 3-4. ' In the course of the second hour prices fell to near the low levels touched on Tuesday. Liquidation converged con-verged on the most highly speculative stocks with declines In Colorado Fuel of 5 1-4 Union Pacific 3 3-i. Reading ?. 3-8. United States Steel, Amalgamated Amalga-mated Copper ?., Southern raclfic 2 3 4. Anacotida 2 5 8. Losses ranging up to 2 points were universal. There were rallies of 1 to 2 points by noon, but this brought activity almost to a stop. Ponds irregular. |