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Show Loss of One Billion Dollars in Value in a Month :. New York, A Wall street statistician statisti-cian estimated today that tho market value of securities traded in on tne New York stock exchange was one billion dollars less than late In July, when prices reached tho high point. Quotations today fell to the lowest level of tho year. Following the long decline last month, there came a recovery which began last week. The improvement was short lived, however, and in tho latter part of this week prices grumbled grum-bled away steadily. Tho selling was of uncertain origin and was of the same mysterious character as that which was responsible for the August slump. The recent gains were cancelled and today tho active stocks fell below the bottom of the August decline. Canadian Pacific, the heaviest loser of the day, declined six points. It is now twenty-nino points below the high price of the year. Students of the murket admit they are unable to ascertain the direct .causo of the heavy liquidation. on |