Show SELLING WAVE J AVE fliTS MARKET Bear Benr Traders Take Ad- Ad of Uneasiness r r Steel News STews Mixed NEW rEW YORK Oct OcL BY 19 By The As As- Associated Associated i Press Renewal Iress Renewal of selling seiling pressure against today's stock mar market ket resulted In another wide selling movement which carried prices down 2 to 7 1 points The reaction which took place In the face lace of a lowering of the call money rate from 4 to 3 per cent was not ot associated with wills any development In the days day's news but apparently represented a further cor cor- correction correction correction of a weakened technical tion Prices opened fairly firm but the rally was unimpressive e Bear Ben traders taking laking advantage ad of the uneasiness which had developed as a result of the previous pre sharp decline launched a series of selling attack some of oC the popular Industrials which eventually e unsettled un the general list Allied Chemical was hammered down nearly 7 points to Du Pont broke 6 to 2284 and Commercial Solvents dropped 5 4 2 to selling of these Issues I ues undoubtedly being Influenced InC iu- iu by the formation of a huge European chemical trust and by the failing falling off of In Commercial Solvents' Solvents earnings in the third quarter corn com comred red with the same name quarter last year jear ear Steel trade reviews re are mixed Iron Age detecting indications a turn for Cor the better was Imminent while the American Metal Market Mantel reports conditions have hare taken a definite turn fo Co r the w orse Republic Steels Steel s third quarter earnings made public today toda were only about third one-third of those of 0 the corresponding period last year U U. U.S. U.S. S. S Steel common reacted to Woolworth General Electric U. U S S. Cast Iron Pipe Mack Trucks General Motors and Hudson all sold off of 4 or more snore points but recoveries of 1 to 2 points paints from the low levels took place early in fn the afternoon nails flails yielded the Industrials although the losses were not as large Delaware l. l Hudson Jersey Central Chesapeake l. l Ohio and Louisville Nashville were the hardest harde t hit |