Show O O- O I Financial Review r p G GNew 0 New York Tork May S. S The Tho Tho worldwide credits strain continued as a factor o of ot f overshadowing independence in n the se securities securities se- se and commodities markets this week causing pronounced curtailment t of ot dealings on the stock exchange Quoted values In the more popular Issues wore Indifferently maintained d and It seemed to be tho the general opinIon opinion ion in conservative e circles that the en entire entire en- en tire Ure financial structure rested on a shifting foundation Bankers concurred in the tho admonitions admonitions and warnings of the local federa l reserve bank respecting the Imperative Impora Impera tine tive need of or further liquidation of or nonessential nonessential nonessential non non- essential loans Except for tor moderate renewals of short term accommodations lions time funds were again aln almost almos t nonexistent Interior banks drew heavily hea viI vily vity on their reserves hero main mainly 1 It t was believed to help tho early movement movement movement move move- ment of ot crops From most town out n points of ot financial Importance a marked marked mark ed reduction of ot demand for commercial l paper was OS reported In the tho international market denIers dealers reported far l less s than the usual volume volume volume vol vol- ume of business In foreign exchange e So far as rates showed shoved an any change a aall at atall t all hO however hOever they moved In favor o of ot f Lon London on and continental Europe Further depreciation of domestic wa fa war r notations as os represented by Libert Liberty y bonds and Victory notes note directed d greater attention to the tho latest t offering dg g of ot the British government which virtually vie vir carries cardes a n guarantee of 7 1 per cent Bankers regard this rate as Indicating g protracted tension or dislocation of ot th the tho t e credit of ot the tho old worlds world's Core foremost most bankIng bank bank- lag Ing country |