Show BONDS CONTINUE UPWARD S WI N G Railroad Loans Move Up 1 I Ito to 7 Points Utilities Make Advances NEW YORK June Juno 4 IP standing some profit prot taking the bond market resumed its it upward swing Sat Sat- with wih the rails rail in particular recording almost as a spectacular advances ad ad- vances as iS yesterday Traders and investors generally had regained their confidence due to the announcement of or the organization of the he big security buying corporation headed by Thomas W. W Lamont Lament of Moran Morgan Morgan Mor- Mor gan an Co and ad the feeling that balancing bal- bal neing ing of the national budget was but butte the te matter mater of a few hours hour The Tho To opening of the market found the he greatest scarcity of offerings in inan an any session this year with wih the result reul th that hat t bidders were forced out into the he open pen and prices price mostly ignoring f frac- frac rac- rac ton ons climbed by points point I Gains Gais of from 1 to 7 or more points point were vere the rule among the carriers carrier outstanding out- out standing ending advances being by loans of Santa Sant Fe Baltimore Ohio Boston Joston Maine Canadian Pacific Rock lock Island Iland St St. St Paul Chicago Chiago Northwestern Illinois Central Misouri Missouri Misouri Mis- Mis Mi- Mi ouri Pacific Nickel Plate Northern Norther Pacific Great Northern Norther Pennsylvania Pennsyl- Pennsyl ania vania vania Southern Souther Pacific Great West- West I era er rn Frisco and Union Pacific The Te utilities and ad industrials industrial were a attle little less les buoyant than the carriers although some notable advances advance were shown hown shor by some of these bonds bond Among the he strong ones were loans loan of American Amerian Ameri- Ameri can an and Foreign Power American Smelting melting American Amerian Telephone International Inter- Inter national Telephone Columbia Gas Duquesne Light General Theaters Theater Goodyear Lowes North American Aeria Philadelphia delphia Reading Coal and Iron Shell hell Shel Union Oil Oi Standard Oil on of New NewYork York Texas Texa Corporation U. U S. S Ruber Rub flub I ber er Utility Power and Light Light Wester West- West I. I era er rn Union and Youngstown Sheet and Tube German Geran government obligations were vere in i demand and ad loans of France recovered substantially Japanese bonds bond were so soft t Both the Austrians and ad Argentines improved United Unite States government loans loa were were vere moderately higher |