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Show SHORT SELLING -STUDY-RESUMES NEW YORK. Oct. 29 (UPi-The Nw York it oik exchange moved today to make a comprehemive itudy of the effect of ihort irlhnf on lecurlty market!. It reiumed IU inveatlratloh of five fading atocka on the baaia of trana-a-tiin! between SfptembcrTand Hi mcroalvT It alao anked InF Twentieth Century fund, an orgnn-Izxtion orgnn-Izxtion endowed by the late Edward Ed-ward A. Kilena to investigate economic eco-nomic problem!, to make an Iniic-Ixndent Iniic-Ixndent examination of the whole ituation and to publuh in finding!. find-ing!. Rcaulta Announced Itxt night the exchange made Public the reiulta of ita itudy of drala In five Ikium ao far aa It has rrofrced. Thee itocki U. 8. Steel. Ceneral Motora, New York f'cntral. Standard Oil of New Jer- and American Telephone were Heeled to give a croei aectlon of the market. The data wai obtained in 40 00il reporta from member firma. The finding! releaaed by the ex-rhnnge. ex-rhnnge. aeven photoatatir sheet! with numeroui column! and figure! oing all full lot tranaactiona by all aourrea for the period, ihowed that 22 7 per cent of all round-lot Mlr In the uuue were for !hort a.ciunt. Saiei of the laauei for the period -re 2 082 000 eharea, of which 473 -3no shares were for ihort account. Knort Jelling the report ihowed. anounted for 307 per cent of the tot.il tramaction! of 881.000 share! In U. S Steel common In the pe-riol; pe-riol; Ceneral Motors. 19 8 per cent f S29HO0 shares; New York Central. Cen-tral. 14.3 per cent of 498.300 aharei; Standard Oil Company (New Jer-acy, Jer-acy, i 7 per cent of 111 800 aharei. and American Telephone A Telegraph. Tele-graph. 33.1 per cent of 61.600 aharei tirneral Public Leads Domestic operntora accounted for 91 2 per cent of the ihort lelling in the issuei. the general public leading and with exchange member!, mem-ber!, firms and partners In second place. Hedge selling, and 'selling against the box." a transaction whereby a long holder of a stock rells another in a declining market to protert the long account, waa unexpectedly un-expectedly large, the former accounting ac-counting for 21 per cent and the Inner for 17 per cent of the short sales. Odd-lot dealers were long In the period, except for one day. Specialists Special-ists were long on 1900 more aharea at the end of the period. Members of the exchange bought 87.600 shares on balance. On the five days of the most severe receaiions in the market, ahort selling rangej between be-tween 20 to 28 per cent of total sales. |