sincere thanks to Steven and Peter - I realized afterwards that this old chestnut had come up before, and I'd foregotten completely what the correct answer was.
How errors get proliferated!! Have a look in 'The Arthur Negus Guide to British Glass' by John Brooks.........page 33, bottom picture No. 15, for which the caption reads......... "the typical 'Y' (or 'T') mark was left by the gadget, which was used as an alternative to the pontil iron during the C19" (my contents and italics in brackets).
And I'm sue I've seen the same mis-information elsewhere.
So, it's caused by when shearing the foot away from the pontil iron - and proabably true to say found on pieces of lesser quality.