Show BOND MARKET PRICES ADVANCE U. U S. S Government Securities Hold Stellar Position in General Genera Rise By VICTOR EUBANK Associated Press Writer NEW YORK Jan 14 The 14 The bond market continued on the upgrade Thursday United States government securities holding their stellar position position tion with gains ranging from fractions fractions frac frac- to more than a point in some of the treasury issues Strong bu buying Ing In the railway mortgages mortgages mort mort- ga gages es also was resumed and a anum number number num num- ber of low priced liens registered ad ad- vances of several points Utilities and industrials generally were higher although trading in these classes was quiet and orderly While the majority of dealers are arc expressing optimistic opinions as to i the further appreciation of bond prices some are advising caution on the theory that a reaction is proba proba- ble It Is pointed out that the present present pres pres- ent rise is the most sustained of any In months and that there should logically logically logi logi- cally be a temporary letdown if the market is to reach higher levels Among the railway issues that registered registered reg reg- new strength were those of Nickel Plate Southern Railway Denver Denver Den Den- ver vcr Rio Grande New Haven St Sl StLouis Louis San Francisco and Missouri Pacific Baltimore Ohio convertible converti converti- I ble 4 l 1 extended their rally and were up more than 24 points above last months month's low T M-K-T adjustment sold at 60 against a number low of 34 Foreign bonds were active German obligations attracting the most attention attention attention atten atten- tion in in this category German 5 l 1 advanced and the Is were firm British Brit Brit 1 ish 5 l 1 recorded moderate gains Japanese loans were steady and Argentine Ar Ar- gentine obligations were substantially higher |