Show OND b MART iN QUIET TRADING 1 sA i Many an Available v Bids Below f 1 Minimum Offering 1 Prices ij f ALEX ALEXANDER R hENDERSON Press Financial Writer Wrier NEW YORK Mn May 18 8 Jt Thc i-Thc The bond turned lower Monda Monday alter after eg active with a t rising i lg tend ncy r. r J I re The e change chance In tone followed the te re re- eslon fo In stocks sok and nd dealers dealer reported number of or selling orders were tot large arge elig Sot ot executed because available bids below bC blow minimum offering prices Consequently trading became unequally un un- equally quiet quIet both on the exchange and In i the over o the cun counter r Jr ket an The larger larer recessions oc- oc D usually among bonds of or speculative th e re rating n. ift edge Issues particularly States treasury and Liberty Libert held their ground or moved move tad bead The treasury 3 3 85 3 38 of or 1940 j and of 43 1941 3 19 reached reache new hl high h levels a since their Issuance and the first ITc Liberty 4 1 45 1 equaled their ther KOUS 1931 peak Rk It I was wa significant Iou Iso ilso that hours hour at at a a time passed p ed 0 transactions In other Isu Isum Issues m of cf this thi group gup The Te fourth fouth Liberty 4 41 were the most moss active c bond at 11 prices 1 J High grade corporate loans like Uke gae general generl American Telephone Tele Tele- phone bone debenture 55 of or 1965 Consoli- Consoli K Oas On of New York 5 l 1 and It Detroit Edison 4 l 12 held their EIson ground or gained fractions gIne i Strength In such obligations contrasted contrasted con con- t with the Wel Indifferent action Dr Df f bonds tc of ot lower standing In all ni St. St Paul 55 of or 2000 o and New Nework kork Jop ork Chicago 51 o St. St St Louis Luis 4 l 1 of Of 1878 1978 dropped sharply on a a few sales les Die rhe downward movement mo et extended le o all aU groups Including such sch diversi- diversi led bonds as Atchison convertible I le of or 1048 American Ameria Telephone 4 l 1 12 of 1939 tonal lonal Match 55 American and ad For For- ign Ig Power powe 5 5 Pacific Gas Ga 55 Polish Polish's s 's 3 and German 5 l 1 As a group public utilities resisted better than the others PIce Price no among the Industrials cr ere cre narrowest p possibly because of trading trIng 1 |