Show I I BOND MARKET TRADING DULL Railway Issues U. U S. S Government Government Government Gov Gov- Securities Are Noticeably Soft By Dy VICTOR EUBANK Associated Press Financial Writer Wrier NEW YORK Jan Jan 16 16 Dull trading and an irregular trend characterized the bond markets market's short session Sat Sat- Sit Railway bonds and United States government securities were wen noticeably noticeably no- no no no- soft soft The feeling still in financial finan finan- Te persists i fia- fia cial circles that the treasury's future financing may nay necessarily call cal for tor higher rates which it i is believed would have a depressing effect on the obligations now outstanding At the same time it i is reported from Washington Washington Washington Wash Wash- ington that the government will wi have recourse only to term short tern short borrowing borrowing borrow borrow- ing lag In i the near future Hesitancy In i railway issues was ascribed to uncertainty as ns to the outcome outcome outcome out out- come of the wage reduction negotiations negotiations tons between carrier arrier executives and union leaders in m Chicago It I Is i generally generally gen gen- erly believed in financial circles however howe that the results of the joint conference will be satisfactory Some bonds of Baltimore Ohio Chicago Northwestern Chicago Milwaukee St. St St Paul Erie ErIc Illinois Central Missouri Misouri Pacific New York Central Nickel Plate and Wabash were moderately lower although there were slack offerings on the te downward scale Bonds of the communications and gas companies were firm fr The Te coppers and oils ois registered some gains gains Stock privilege issues were mixed nied In the foreign category German Gerna government recovered around 2 points poInt but the 5 1 l were easy Japanese Japanese Japanese Jap Jap- anese and British Brish obligations registered regis registered regis regis- regi- regi advances ances |