Show WUI STREET MEW TonK TOaK June 1 credit ret re t 11 as indicated by by the action of at the federal reserve banks bank furnished famished the bails bael of ot another another an en other revered In the stock market toda today Sal Sales approximated Heavy Bellini- Bellini accompanied th the resumption I tion of ot trading Offerings s for both long lens Ind and short lhor account were precipitated by 11 further credit c contraction This was 1 In Indicated tn In- by the higher discount rates announced an noun ed over the ee week n end 1 b by th the Ule fed ted era eral elal reserve bunks bank of ot thIs city and c Chic Chi l. l c cairO cego ro Io Lot Losses Be ranged from frond on one ne to rout four fourpoints points greatest weakness being shown hon b by Crucible Bethlehem And Republic steels teel Mexican and end Van Fan petroleum pe lr American Locomotive Baldwin Locomotive and affiliated Industrials Sidle Halls also reacted under lead of ot Union Pacific i Texas p Pacific and I Stock Hock Island i Almost t tp without t u exception O o lal loes losses ell at t t the Ule outset were e tel extended during Oh the tho morning morning- Additions to the initial setback tn Included I United Fruit Sumatra Tobacco Chandler I Motor and Motor Specialties at ot extreme e re recessions re ci- cel cessions ns of qt two to three points point UI Ilsio i-Ilsio grade oil oils met Int with occasional support and Cruel Cruci ble l recovered much of lt Its It reversal ItalIc Raila rallied later on buying of ot Hock Island fit St Louis Louie San Francisco Missouri Pacific Pa chIc and Southern 11 Railway ay Call Can money faIled to reflect the further stringency ency In time funds opening at 8 6 per cent There e tr ef fe fj was a renewal w of the recent l liquidation In Liberty bonds the second 8 showing marked narl weakness at a decline t vf of per cent nt Shorts pressed their advantage ta e during the stagnant making attacks against motors nd nd their subsidiaries an as well as a. equipments equipment and n food Issues lesnes Traders Trader awaited word from Washington where the tho I supreme was va eJ expected to render several sev lIev- rat eral Important financial decisions Tobaccos Tobacco led a nominal rally In tn the final rally but the th mal market reacted again when hen call money rose to S per cent The closing I was heavy y |