Show te PRICES t IN l Railroad Obligations Continue to Recede Industrials Hold Even BY ALEXANDER HENDERSON I Associated Financial Writer NEv YORK May 15 D trading and Irregularly lower prices characterized the bond market Fri day Railroad obligations continued to recede bu but many of them showed re resistance rc- rc t to telling pressure and most of the losses were narrow St. St Paul I of 2000 Delaware Hudson of 1943 and nd Missouri Pacific P F were steady Union Pacific of 1968 and and Chesapeake Ohio of 1992 were firm St. St San Louts Francisco 4 i 1 of 1978 Illinois Central A 4 3 of IMS 1960 and Atchison general were easy at times Erie Eric of 1975 and New York and Chicago St. St Louis 4 l 1 of 1978 dropped o on steady sell sell- Inu The actions of these Issues arc sufficient ien to Indicate the lack of i t m In ran norms i The few changes amon among Industrial loans were divided about evenly be between between be- be tween gains and declines Phillips Phillipsr r Petroleum 5 l 1 Standard Oil of off k f New York 4 l 25 and Shell Union Oil were three of the most active bonds bond on the list and showed vary vary- In Inc degrees of strength Most utility Issues were quiet without without with with- out a definite trend North Amen Ameri American can of 1961 American Telephone of 1960 American Foreign Pow Pow- r cr er 55 and Columbia Oas Gas Ss Electric 53 of May 1952 lost fractions on a af f moderate volume I Fluctuations among foreign Issues narrower than usual the majority ma ma- of the changes being fraction fraction- al 1 Austrian is were active and strong stron German 5 l 1 and 75 held steady on moderate sales acs Trading ln In most other foreign bonds was quiet United States government bonds continued to rise gradually although trading was limited Stock privilege Issues were quiet and Irregularly lower 4 4 I Salt Lake Curb I 4 INDUSTRIALS I Bid SUE common 40 5 CO COdo do Cc Waton Laiton Telephone Johnson pOd Uh Fire Cley Oss Coke lit pOd common 18 25 do pOd r Utah Home Floe In Cement 08 pOd Utah U Lt 16 do 17 BONDS 1 ii Con Bk 5 44 34 Chief Con 1933 Mutual 7 a i fly 53 1934 2200 Rock PICk 1833 Valley ft IS 1931 1143 Ii 0 UI RT 1500 2000 Silt Like Term Si 1935 1938 Cu 1 Coke Ss 1936 do I. I 1930 Sugar 6 1930 1840 Uth Lt P Cs 1034 P Lt 1944 do 2022 y 1031 BANKS SaInt Security Corp 2600 2700 UIt Notional tn SIns A Trust TRUSTS Bizic industry Shares Trust Shares P. P 5 55 do erlei B Trust Shuts Trust A. A do S 1350 do C do a Low U A Tnt Industry 1 American Centuri Trust 52 Find Shares Y I NY C. C 3 do |