Show 8 BOND ND M MART RT M MAKES KES I m SHOWING 1 1 I Fractional Gains Recorded in I Foreign Group Utilities I Are Strong f pr Dr ALEXANDER IE HENDERSON ERSO Associated PresS Pes Financial Writer NEW V E YORK July 17 Tc 17 The 17 The bond market moved t mo ahead irregularly Fri Friday Friday FI- FI FIday Fri Fri- moderate trading day on 05 moer In German n obligations was v- v reduced and aria their gains gain smaller than yesterday Fractional Frac Frac- ete Fac- Fac tonal er gains gaIn among the te foreign group SouP 3 a whole indicated Increasing con cn- cn a in conditions abroad Chilean obligations were easy ea to t lower 1 t strength strength In I public utility and in- in r rj Issues was almost uniform but gains gais among them were usually I fractional American Amerian Foreign power 5 55 North American 55 of o 1961 Postal Per Telegraph 55 Columbia Gas Gash Ga J h l Pt EI Electric 55 American Smelting 5 5 1 l International Match 55 Goodyear 55 Western Electric r f rand fand 5 and arid Shell SheI Union Oil OU gained frac- frac Hons U TRADING gADING CONCENTRATED TED TEDe The e advance anc ad in rail raU loans loan was not notI notto io to I general generl as la In I the utility and In Industrial in- in L- L Issues and trading was wa concentrated con con- in a few of the more representative rep rep- bonds St. St st Paul Pul of ot 2500 find r nd New York Chicago Ss St. St Louis Lut 4 n 1 l of oC 1978 scored good go gains gain on onan onan onan an active turnover Chicago ct Northwestern 4 3 45 4 3 of oC 1966 slumped on a few sales sale The Te Cincinnati Cincinnat Union Terminal company has ha applied to t the te inter inter- tate commerce commission for Cor authority au au- authority au- au to issue ue and ad sell cell 4 41 2 2 1 per cent first mortgage series B bonds and an equal eua amount of oC term short short notes which would bear not more than 6 per cent and would be sold old at par pr according to t dispatches from Wash Wash- ington It I was understood In New York the bonds would bear 4 41 4 4 1 per cent Authority to issue the notes is I sought only so that the te company may take ad advantage t ge of te the market maket for tor such securities ir 11 1 it is 1 more favorable than man manthe the te bond market at the time tie the issue is offered An offering is I within wt a month I expected TO FINANCE FANCE TERMINAL The Te proceeds of oC the bonds will wI be beuse used use to t finance completion of or the new terminal at Cincinnati Cincinnat The Te Issue I- I Is- Is we sue will wU be guaranteed by the Pennsylvania Penn Penn- sylvania Baltimore Batmore Ohio Chesapeake Chesapeake peake Ohio Cincinnati Cincinnat New Nc Orleans Or Or- leans lens Texas Pacific Louisville Luls le Nashville Nah and Norfolk Vest Western ern railroads proprietary units unit of ot the terminal company Negotiations are ae aeI in I progress with wit J. J P. P Morgan Co and ad Kuhn Kun Loeb Lb Co C. C for the sale of the bonds which will wI be dated July I 1 1931 1931 and will wU mature matue on July 1 J 2020 Stock privilege Issues made moderate mod mod- erate gains in lu s sympathy with wIh mo- mo the corresponding stocks Loans of the United States gov gov- were unusually dull dul |