Show TREND OF BONDS BONOS UNEVEN U. U S. S Obligations Show Strength Rail Rai Issues Mark Time By VICTOR EUBANK As Associated Press Writer NEW YORK Jan 18 Caution 18 Caution was the watchword in the bond market Monday with trading in corporate issues is- is sues tending toward dullness and Ir ir- ir regularity United States government obligations obliga obliga- exhibited some strength and raised tons their prices moderately There Therewa was a large turnover in Liberty f fourth 4 wa 1 l and the Treasuries rallied briskly briskly brisk brisk- ly at times Railroad mortgages gene generally raI marked time while waiting for tor news from the wa wage e reduction conference in Chicago Most of the te priced low low liens lens which have advanced from 10 to 25 2 points in the past few ew weeks softened somewhat somewhat but on the whole the they retained the greater grenter part of their gains r C Among carrier bonds that were fractionally higher were Atchison 45 Chesapeake Ohio 4 1 l Chicago Northwestern Northwester 4 3 45 New York Central Central Cen Cell 55 and St Sl Louis Luis San Francisco Francisco Fran Fran- Fan Fan- cisco 4 l 1 Baltimore Ohio 4 1 l Erie Eric 55 Illinois Central 4 3 s 3 and Nickel Plate 4 1 l cased eased There Tere was little activity in the utilIty utility ut- ut util util- ity Iy and industrial section Gas and electric loans were firm Armour Co 4 1 l steadied and Shell Shel Union Oil were higher Some losses however however however how how- ever were registered by Dodge Bros Cs International Match and America American Amer Amer- jean ican ica Smelting Most of or the foreign loans were soft sot Uruguay losing 3 2 1 points and some of the German corporate issues declining German government 5 1 l and ad 75 were down around a n point British 5 l 1 2 1 and nd Japanese 6 l 1 were vere off of moderately I |