Show RAILS HAILS LEAD EAn BOND MARKET IN Foreign Obligations Stand Losses of Two Points in D Drop rop a 4 f By ALEXANDER I Associated Tress Writer i NEW YORK Oct 2 Led 29 Led by br l. l road and foreign obligations th the th bond market declined Irregularly l oa Thur Thursday ay Losses Lasses In the foreign group group- r ranged upward to 2 points point and the was s' s somewhat more moreS active t th among mung other loans German 5 S land l- l fc 1 and Polish and Austrian 7 1 made mode some of the larger i French 7 71 23 l Italian an anSan ant San Pa Paulo Jo of 1940 were fraction ally lower Belgian Is were one of the most active Issues of the whole list lilt and gained fractions Arg Argentina nUM Lu es of May 1961 Australian aai Brazilian n 6 1 l of 1926 27 w wen strong j The decline in rail rl l issues Issued was waa most moat universal but the turnover turnover turnover-fa most of ot them was wu limited to a few sales St. St Louis Louts ie a San Francisco rancIs cj 4 l 21 of 1978 were ari an exception f fa f. fathe the latter respect and eased oft off frac fru Missouri Pacific series V 56 s and Pen Pennsylvania series l were about 1 I. point lower Baltimore a Ohio 4 l of ot 1960 Chesapeake Chesapeake- ft Ohio 4 41 29 l of 1992 Chicago western 4 3 45 s of 1 1949 Delaware Hudson of 1943 and Erie of 1975 lost fractions The trading in iii inmost most of of- these bonds was limited Atchison general were steady t to firm United States treasury and Liberty loads made small irregular declines on a moderate turnover Public utilities obligations were more active than the industrials and declined narrowly and Irregularly American and Foreign Power Us sf American Telephone Sa of 2960 De Detroit troit Edison 4 l 1 of 1961 1981 International lions Telephone debenture s Utilities ties Power and Light 5 l 1 of 1947 and Western Union Sa of 1960 were lower o Industrial issues lacked a definite trend although a number of then thee experienced sharp fluctuations Goodyear and Lorillard 5 l lost lott about 1 point each International Match Ss gained as much 1 |