Show BONDS ADVANCE IN I Business Active as Day Pro Pro- grosses Rail Issues I k Take Upturn 4 nr Iy ALEXANDER Press Financial HENDERSON Writer k NEW YORK June 9 The MV-The Thc 1 r bond market moved upward i Tuesday on moderate trading whiCh became active as the thc advanced r dur t The me upturn was most apparent 1 second grade grado rail issues Chicago Chi Chi- 2 Northwestern 4 3 St St. Paul PaulS's Ss S's cago 0 2000 St. St Louis San Francisco C i 4 i of 1978 Eric Erio of 1975 and Pacific series F were lea ilof of the ran rail bonds to rise A few erade rail bonds such as Atchi- Atchi fon rn General 46 New York Central 5 2013 and Pennsylvania General 4 41 U cased off Rail obligations also alsore were re the most active group The rc- rc turnover in other sections of i The the list indicated that the investing t WS taking only a limited Interest in- in terest in the market TITTLE FLUCTUATION j fluctuations in foreign obligations Tere much narrower than usual because of the small sales manY of them Polish Vs of 1947 nd German Central Agricultural Bank Ts 6 of October 1960 made size size- abe losses Hither prices appeared in Brazilian 6 1 of 57 1926 German GermanI I 5 i of 1965 Italian is i's and Uruguayan Urn Uru guayan 65 Cables from Melbourne reported that after afler deliberations for the last r fortnight a conference of provincial premiers federal ministers and leaders leaders lead lead- ers of the lie opposition arced agreed on substantial sub sub- reductions in expenditures I in order to prevent default Owners 1 of the Internal debt Issues will be asked to accept lower interest on 1 their money toney Cables from London re reported reported re- re ported that 68 per cent of the r of 5 per cent of New Zealand Zealand Zea Zea- land bonds bands were not subscribed for forand forand and that they were selling at a dis disI discount dis- dis I count of 1 2 1 per cent INDUSTRIALS FIRM Industrial obligations continued firm but sales in most of them were unusually restricted Youngstown Sheet k Tube and Shell Union Oil 5 were iverc exceptions in this respect Public utility bonds were firm and also quiet Third A adjustment 4 were conspicuously active and strong and the refunding of the same traction experienced a larger turnover than usual |