European developments dominated the stock market today, with both European and American interests dumping stocks in the New York market, forcing declines ranging from one to five points. Quantities of selling orders accumulated over-night and were executed in blocks of 1,000 to 6,000 shares. Most of the European markets were closed during the period of Saturdays New York session, which caused foreigners to turn to New York for their sales. Houses with foreign connections reported sales on balance on what were termed pessimistic cables. Some short-covering was noted before the close of the market, lifting many leaders above the day's lows, but was insufficient to raise them above the previous close.
Curb stocks moved lower and bonds declined on active ' trading. Foreign currencies were irregular in
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