Show I STOCK EXCHANGE TREND IS UPWARD One-Day One Reaction Is Fea Feature F Feature ea- ea ture of Week in Wall WallStreet WallStreet WallStreet Street By Associated Press NEW Nf E June 7 n An An outstanding feature in lit trading on the tho stock exchange this week was a one day reaction which Aly temporarily Int Interrupted rr thu tho upward trend of prices that has h been In progress lH during tho past four or five months After this c the advance C wa was re- re aum d with all Its earlier vigor Igor and marry many stocks stO kM Including Jutted States Slates Hat Ht Steel el relle repeatedly a advanced into new lIew high ground rou nd Professional I Interests ts momentarily lIy taken talen aback when the tate talc on loans ascended on Tuesday to 11 per pel cent a alIew anew new flew high figure for 01 the year professed H to that the thu riso way was not due to 10 any endeavor to Interfere with willa specula cula- cula lion but that rather there wits was actual scarcity of funds because of ot r requirements l of monc money for other purposes notably loan payments Income tax lax and Victory After Aftel this period of acute weakness tho rate receded to the figure which hall hail been normal 6 per cent and anel by 11 the end nd of or the w week tk the lie losses which had been Incurred during the liquidation were ero more than recovered Special Influences adverse to ceria certain In stocky stock Include o Lehigh y's ys cut CUI In dividend the action actton of ot Gulf States Steel In passing Its Ils disbursement an and opposition opposition tion to the liquidation plans of or International international Inter inter- national Mercantile Marine while the Hie cotton cottun reflected reflect government Jo report on unfavorable conditions In to this crop croll Offsetting Off Off- setting these factors actors hoe ho however ho e r. r were ere indications In Indications In- In of Improved In Industrial conditions conditions condi lH resumption Ion of Hold gold Imports from rom Canada big railroad earnings and proy- proy e extra and Increased dividend to together together to- to gether Jethel with a lL better copper pr prise Lc outlook out look Jook tales for bills on the allied allied and neutral countries varied considerably during the tho week with sith a rather sharp decline earl early In sterling |