Show 1 BONDS RECORD GENERAL GAINS I Taking Profit-Taking Holds Back Some Issues Federal Loans Recover By VICTOR VITOR EunA K Associated Press Financial Writer Wrier S NEW YORK Jan 7 Bonds 7 Bond 7 Bonds generally generally geer- geer gener gener- al ally continued their advance Thursday Thursday Thurs Thurs- day although profit t taking tended to 0 retard some issues from increasing theIr gains immoderately The United States government list 0 which during the past few days has been going contrary to the corporate securities trend was as inclined to recover re- re cover over some of its it recent losses loses Liberty Lib Lib- erty bonds were easy but most of or the treasurIes brought higher prices German government obligations I were still sUl the feature of the market I with wih the 5 f l 1 12 adding to their gains of Wednesday under the heaviest trading rading in the forel foreign n category The Thes Te 75 s how however ver reacted at one time as various arious traders took profits Belief Bele persists persist among many dealers that hat the English and French have virtually vir- vir vIr agreed upon a year three moratorium for reparations Al Al- though tough wholly unconfirmed this re re- port jort benefited the entire foreign see see- sec lion ton on with wit gains registered in the ran ma- of these obligations Low Lw corporation issues and stock privilege bonds attracted considerable considerate ble te attention and higher prices were the ic rule Rails Rals continued their it Iy y many of them adding to their advances of 01 Wednesday Liens of Baltimore Ohio Chicago Northwestern Northwestern North western Chicago Milwaukee St Sl Paul aul Erie Missouri Pacific and anti Nickel Plate recorded gains In the utilities American Telephone Tele Tele- Telephone phone hone International Telephone and Postal Telegraph loans were favored Industrials such as Armour Co 4 l 1 12 Shell Shel Union Oil 01 and Inter Inter- national Match Ss extended their V gains ams |