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Show . w Causes Market to Drop Until Supporting Orders Or-ders are Received New York, Sept. 20. Another outburst out-burst of selling on the stock exchange, ex-change, when trading began todav carried down prices swiftly. As the gong sounded the opening of business busi-ness on the floor of the exchnnge, there was a rush to sell. The crush was greatest at the posts at which Union Pacific, the Copper and the Steel shares are sold. The gains made yesterday afternoon In the recovery re-covery following the early depression were largely swept away in a few minutes. Tho confusion In the crowd of struggling strug-gling brokers around tho Steel post was so great that for some time It was Impossible to determine the changes In price. The first transaction transac-tion was a block of 12,000 shares at 55 5-S and 51 5-S, an extreme loss of L l-. The price spon fell to 5L Unit, ed States Ste'el preferred lost 1 1-1. Union Pacific declined 2 l-S and other oth-er active railroad shares a smaller amount. The Copper stocks developed develop-ed further weakness and American Cotton Oil declined 3 5-S. After half nn hour of excited selling, sell-ing, the character of the market changed abruptly Buying orders appeared ap-peared In sufficient volume to cause a quick upturn United States 6teol bounded up 3 points and Union Pacific nearly as much. Losses throughout the list were soon eliminated or reduced re-duced to small amountB. Speculation took on a decidedly strong tone in the last hour and the market showed some degree of the buoyancy that was manifested late yesterday. Dear operators bought to cover hastily, sending up prices at a rapid rate. The rally from the low figures reached over 3 points In Union Pacific Pa-cific and United States Steel and placed theso Btocks, together twlth Reading. Lehigh Valley and Canadian Pacific, a point or more abovo yesterday's yester-day's closing. Generally speaking, the market ruled rul-ed a fraction or more abovo last night's close. . .nn - . |