Show BONDS CONTINUE TO SHOW HE HEAVY VY TREND A Activity Concentrates Among Few Leading Issues Rails Go Lower By ALEXANDER HENDERSON Associated Press Financial Writer NEW YORK Nov 20 The 20 The bond m market arket continued heavy Friday and s such uch activity as developed was concentrated concentrated con con- c among a few leading issues Public utility railroad and foreign o obligations experienced larger sales a as s a rule than the industrial loans Joans P Price rice changes among the latter were g generally smaller maller than in the three o other ther groups Rails were generally lower Baltimore Baltimore Balti Balti- m more ore Ohio 4 1 l 1 of 1960 Missouri P Pacific series F 55 New York Central 5 5 of ot 2013 and Nickel Plate 4 1 l of 1978 1 sold at times from from- 1 to 3 points b below elow yesterdays yesterday's closing levels F fractional recessions appeared In Canadian Canadian Ca Ca- n nadian adian Pacific debenture St St. Pauls Paul 5 55 s of 2000 Delaware Hudson of 1 1943 Southern Pacific 4 41 l 1 of 1968 1068 a and nd Eric Erie 55 of 1975 Atchison general generalIs 4 45 Is 5 were one of ot the most active corporate corporate corpo corpo- r rate ate issues and displayed conspicuous 1 f firmness Trading in obligations of the United S States tates government I Continued of moderate moderate mod mod- c erate rate proportions but the downward t rend trend was plain The treasury 3 3 Os o of f 47 1943 sold almost half a point l lower ower on a few small sales The decline in the public utility i issues was as broad as in the rails b but ut individual losses were smaller t than han the more outstanding declines in inthe t he the rials American Foreign Power Powers 5 55 s Columbia Gas and Electric 55 of May 1952 an and and Utilities Power and L Light ight debenture 5 1 l dropped from 1 to 2 points each Fractionally lower levels appeared i in n American Telephone of 1965 Detroit Edison 4 41 25 of 1961 International International Inter Inter- n national Tel Telephone phone debenture 55 Pacific Pacific Pa Pa- c Gas 53 of 1942 Postal Telegraph Telegraphs 55 5 s and Western Union of 1960 Cincinnati Cincinnati Cin Cm- c Gas and Electric series A 45 were firm but quiet Foreign loans were irregularly low lower lowr e er r but the decline in them was c a fractional matter and trading trading trad trad- i ing ng was quiet French and Central Agricultural Bank of October 1960 l ost lost about 1 point |