Show a IMPROVED TONE IS SHOWN BY BONDS NEW YORK Dec 7 Thc P P ITc The bond market showed considerable improvement improve ment Wednesday although profit prot taking aking in i the last ast hour pared some of the early ga gains ns Strength was dL displayed played particular particular- r. r ly y by United States government Issues is Is- 5 sues ues some of the foreign group and domestic rails rail The Te utilities and industrials were steady to t firm Low Lw interest rates on the treasury's treas ury's December note not and certic certificate te offering of some acted as asa asa a spur to the governments government's term long loans Treasury and 3 l 1 s 1 were heavily traded for lor gains of at as much muchas as 8 of at a point point Other federal issues while not so active advanced substantially International Telephone rallied 2 or more points point at one time tie but failed to o hold all al of ot their advance French government and 7 l 1 were verc up fractionally to new highs high for lor the he year and British 5 l 1 recovered a point at 1041 1 12 |