Show BONDS SHOW FIRM TONE Rails of Priced Low-Priced Section Move Quietly to Upper Levels By y VICTOR EUBANK Associated Press Financial Writer NEW YORK Jan Jim 22 Under P P Under the pressure of or some profit taking profit taking Inthe in inthe inthe the rails ralls nn an irregular tone developed in the bond market today While many of the carrier securities lowered their prices changes in the majority of or cases were fractional Although practically nil of the federal fed fedS eral obligations cased eased fractionally trading became dull on the downward trend Transportation mortgages however continued to re reflect tho the hope of numerous nu zw investors that got good d news for forthe forthe the he railroads is most probable in nc a wa wace e reduction agreement at th the he t Chicago conference now now in ses s sion ion Among the strong carrier bonds were some of those of Nickel Plate T The he 65 of this road were verc up several p points at one time selling at 55 against a i low Jow of 14 H 2 1 in December Mis Mis- s Kansas Kansas and St St. Louis LouisSan S San an Francisco liens advanced a atel There was a mixed trend in utilities a and nd industrials Losses in these categories cate cate- g gories ories however were small and about e equaled the gains The foreign list was inclined to c case ase German government 5 l d dropped 1 4 11 1 points Both British a and nd Japanese loans advanced slight slight- l ly y Sao Paulo were heavy Argentine Argen tine ine t and Chile obligations firmed A f Ie I |