Show STOCKS DECLINE AT LIQUIDATION Selling Shows Signs of Drying Drying Dry Dry- DrY I ing Up However During Late Trading NEW YORK May 2 P R-A R A further trickle of ot special liquidation kept the stock market on the decline Monday but selling showed signs o of drying drying- up in the late trading and there were numerous recoveries of from fractions to a point or so so after leaders had registered losses of ot 1 to 5 points The closing cosing tone was hea heavy The Te turnover turnover turn turn- tur- tur over was less les than a million shares The selling sent much of the list into new low ground for the near cycle but again reflected an absence of buyers rather than tha hasty haty liquidation liquida liquida- fair of tion lon Brokers said a portion porton the selling appeared to lo be of ot an in institutional in- in character and ad came from out of town Most of the leaders resisted the pressure fairly well wel U. U S. S Steel sold off of a major fraction then recovered American Amerian Telephone and American Can came back after losing a point or more HERSHEY PENNEY WEAK Weak sp spots l were Hershey and Penney Penney Pen Pen- ney off about 5 points They showed little recuperative power Preferred issues also dropped easily in a thin market market losses of 3 to 5 appearing in inthe inthe inthe the senior issues of American Amerian Can U. U S. S Steel and Hershey Oils Ois held up well Issues off of a point or so net net included North American Santa Fe Fe New York Central Drug Eastman Estman Cola Coca Safeway and Woolworth Frisco preferred sold at a new low of 1 1 and arid closed close at 1 3 8 off oft 1 11 8 11 8 1 8 net net |