Show BONDS SAG WITH I RAIL WEAKNESS I Utilities and Industrials i t Soft Foreign Obligations Obligations Obligations Obliga Obliga- Irregular By VICTOR EUBANK Associated Tress Press Financial Writer NEW YORK Feb 5 Weakness 5 o ot of r railroad mortgages Friday had a depressing depressing de de- pressing e effect upon the bond marKCI mar- mar shaded their KC icet ana and various issues prices substantially The carrier section started ou out fairly firm but somewhat hesitant as some dealers viewed as constructive construe construe- tive the announcement that the Pennsylvania would apply to the new reconstruction finance corporation corporation corpora corpora- tion Lion for or loans with which to improve the he system There were divergent opinions however and quotations Oil jO-ii ti to 10 dip Allegheny corporation liens t active and strong on the other hand following reports from Cleveland that hat the Van had rearranged rearranged rear rear- ranged their financing whereby they were substituting certain Income producing producing producing pro pro- securities for under the corporations corporation's three collateral collateral collat eral trust indentures Railroad bonds that dropped fractionally fractionally fractionally frac frac- to more than a point included ed Atchison 45 Baltimore Ohio 4 I 1 l Canadian Pacific debenture 45 Is Chicago Northwestern 4 43 45 St. St Paul 55 Erie 55 Illinois Central Centra 4 3 and Nickel Plate 4 1 l Utilities and Industrials were som somewhat what soft in sympathy with the rails American Telephone Issues were vere steady but International Telephone Telephone Tele- Tele phone hone debenture 55 were down nearly nearly neary near- near ly y 2 points International Match registered a slight sa gain in Foreign obligations were irregular T 1 government 5 51 25 l 1 lost more than a point Tokio City 5 1 l gained i an and anu Tokio Electric Light is were fractionally lower British 5 51 25 l 1 were steady and German loans eased United States government bonds were barely steady and prices followed followed fol- fol lowed owed a narrow range |