Trade Shrinks on Selloff
NEW YORK. Sept. 20 UP).ÛÓThe stock market declined today in a moderate turnaround that followed early strength.</br></br>The market started higher with some vigor. Within a few minutes after the opening, the tape couldnÛªt keep up with floor transactions. That lasted only a short time, however, and the congestion was over.</br></br>In the early afternoon the market started lower and continued on down in a quiet manner to the close with prices near bottom at that time.</br></br>The Associated Press average of 60 stocks lost 80 cents at $134.30. That is exactly the amount it gained on Friday. The industrial component of the average yas down $1.10, the railroads were off 90 cents, and the utilities lost 10 cents.</br></br>Volume came to 2,060,000 shares as compared with 2,250,000 shares traded Friday. At one time during the morning, the pace of trading was at a rate of around two and a half million shares.