Show EUROPEAN NEWS HURTS VALUES ALUES Short Selling and Profit Taking Also Hel Help Depress List YORK 2 EW KW YORK San Jan The 22 22 The Euro Euro- European lean sItuation gain became an Im- Im tin factor In iii tIme the tock stock market priCes declining o er a good part of the tho list In response to the fUI ther de de- de de of c change chance mates lates t soiling and PI oUt taking YaS apparent orent tn In It a of the tile leading I Industrial but the timo of stocks bT brought ou was cly el mall ales ale approximated shares A large larf accumulation of ot I week end eek-end boiling orders imparted a 0 weak tone toneto to prices it lt t the opening but most of o tho early losses a cnn cro limited to frac- frac tion Selling S 10 me vas aas moot most mo t et- et or- or teeth teethe e against the tho minor oil and such o to ol as liS Bald In end Reynolds Spring dropped 2 J points California Petrol Petroleum oum eum up a a point was wai one of o the few tew any parly strong spoil The downnard dOWD trend continued tl as trading progressed but the online i of sale saIl was wai ly e- e eI I 13 Small Baldwin Bald Hi Its Il loss to 1 I point while Steel Car pr preferred r dropped 2 points and then Its losi losa Losses of oC a point tach cach alo o were none by U tJ S Alcohol American Ic Ice Wool Wool- Wool rol th and Pan II hile lie ira ira- friis lional declines ero ro noted In Conti Conti- Continental Conti- Conti Continental Continental Cm CUI Reading Southern flail flail- Rail Railway way say St Pau Paul red Pacific 01 01 Allied Chemical und and American Sugar Rugal Warner st Warner I art art- ad advanced 2 I points ponts on week end of ot an rea In-rea In- In Ireae e in the tho dl dl rate A ed ad d Oil registered a gain i ln of oC o a It point et opened easier and then demand sterlIng being quoted around 4 1 1 63 oc French francs franca 6 C and the th German marl marks at L Except for tor bullish dem In certain food tood shari shar prices goner goner- ally continued to sa a In response to t short hort selling Belling and liquidation by recent bu buers ers rinding that the lie biddIng u of new lIC leaders tai fal ed eJ to stead the th t It-t traders b began bf an to fl offer oCter stocks stock more freely treely around midda especially e Baldwin Paper allied o Chemical Pan Ameri can U S Alcohol an I 1 New e York Tori Cen- Cen Central Central Cen Central all ot oC 1 I to 2 points Stool t Tube preferred advanced 3 point pointon on revisal revl of reports that It soon S I wu to be Le retired at nt while Reynold Spring broke S 3 points to on announce announce- announcement ment of an Increase of Cof capital stock Chemical preferred dropped 3 points and Woolworth 8 2 mith a a of ot other othor showing losses lossl's of a point om 01 more Call money opened at 4 per pcr percent cent customary leaders were nere ere In- In In Inclined dined to stiffen In III the aftel noon when concerted bus bu Ing Ins of California Petrol Petrol- Petroleum eum sum Pan American sugars Peoples People Gas and Rapid Transit lifted them 1 I to I 1 i 4 i l olat Liquida LiqUida- LiqUidation Liquidation tion howe however er continued In other quarters I BoJ Boly dropping Hartman corporation 2 and Asso Associated dated and Tidewater Oils Chicago iLeather Pneumatic Tool U V 3 Realty Leather Republic SIl Steel 1 tn and Southern Pacific and ana Canadian pacific 1 l to iThe 1 i The Th closing was bossy Y Pikes Pi Ices Un- Un another sinking spelt late In Inthe inthe the day when o o selling was re- re resumed re- re corned In a It number of the speculative favorites which were ere depressed 1 to 2 points below belo Satus days day's final Partial reco recover ef ensued alien hen P Pan n was as run ruu up 2 I points |