BONDS DISPLAY STRONGER TONE NEW YORK Jan 7 UP The R-The The bond market displayed a slightly better appearance in late trading Friday with wih most of the lower priced rail rai issues in demand with wit the exception of Erie railroad loans which continued under pressure Baltimore Ohio convertible Hs advanced more than 2 points American American American Amer Amer- ican Waterworks were around 1 higher and fractional improvement improvement improvement improve improve- ment wa was shown by St St. St Paul 55 Northwestern Rock Island 45 International Telephone Mis Mis- Texas Kansas Texas sour and New NewYork NewYork NewYork York Central Most of the Erie bonds continued 2 to 3 points lower Losses Loses elsewhere elsewhere elsewhere else else- where included Nickel Plate Chesapeake Ohio Consolidated Consoli I Consoli-I dated Edison 3 Vis s and Great Northern North North- em ern I Government bonds ranged from four thirty seconds of a point lower I to one thirty second higher Japanese Japanese Jap Jap- anese ran up more than 2 points but other foreign issues did little