Show SHORT INTEREST IS IN CONTROL Bears Are Ae Cause of Reversal From Stronger Opening I I New York Tork Jan 17 Flushed Flushed Flushed with their recent successes short interests in the tho stock market made further furher ef efforts c- c cf- cf forts torts to unsettle prices today toay For lor a time their attacks caused a sharp reversal from tho the strong strong- openIng openIng open open- Ing InS leaders in the priced high speculative specula specula- tive tivo divisions notably General Motors Cruet Crucible o Ste Steel ci Mexican can Pc Petroleum American Woolen and United States HUbber recording gross bross declines of ot 3 to 10 points point Substantial buying orders set In whilo tho the list W was under pressure and ad most losses were largely retrieved i kinal prices notably In stocks which featured the tho previous days day's setback were ero at or near highest levels le The stability shown by United States Steel and affiliated equipments was wa a pronounced pro Pro- flounced factor in hastening the extensive exten exten- hastening sive sivo covering covering also contributed contrib contrib- tiLed to tho the better beter tendency with metals and several of ot the tho food Issues Sales les amounted to shares Active domestic bonds including speculative rails ris were ero slightly higher but Libery Liberty issues extremely irregular on reduced offerings Changes Canges In tho the International group were trivial Total Tota sales par value aue Soup aggregated 6 Old United States bonds were ere unchanged on call cal during during- the te week Fulfilling general expectations the clearing clearing house statement shoved showed a sub sub- of ot actual reserves ef effacing c- c ef- ef facing racing last weeks week's deficit and ad leaving a n moderately large largo excess Mercantile authorities reported mixed conditions In many lines of ot trade the situation In tho the main however pointIng point point- lug Ing ing concerns concern to further tuther expansion at distributing distributing |