Show Reduce Bill Buying Rates in New York NEW YORK May 13 P For V-For For the fourth time in three weeks tile the federal federal fed fed- eral reserve bank of New York re reduced reduced re- re Its buying rates for bankers bankers' acceptances today by one eighth of 1 per cent for maturities up to days The new rates are 1 per cent for one month or shorter bills 1 8 11 8 1 per cent for longer terms up to three months 1 4 11 4 1 per cent for bills falling due in 91 to days and proportionately higher yields for longer terms This action was accepted as further fur fur- ther evidence of the determination of reserve authorities to maintain easy conditions In the money markeL mar mar- ket keL The federal reserve bank on May 7 adopted a rediscount rate of 1 2 11 12 per cent the lowest level In Inthe Inthe the history of central banking L 4 4 |