Show SECONDARY ISSUES LEAD BOND UPTURN NEW 1 YORK O K May 27 Sec up Sec I 1 loans of all categories led another upturn in the bond market Saturday the more speculative is issues is Is- s sues ues exhibiting considerable buoy buoy- ancy While lower priced maturities responded re- re re Te s enthusiastically to Washing tons ton's move to cancel the gold clause of public and private contracts high- high investment obligations were not too happy and a number of these i including some United States government government govern govern- ment securities displayed a moderately moderately moderately mod mod- easier tone Dealers generally hesitated to express express ex ex- cx- cx press an opinion regarding the long- long term terra effect of oC the administrations administration's action on the loans market It was I pointed out however that the 1 tion to void gold payments was merely mere mere- ly the legalization of ot a condition mere mere-I which has existed since the p esi- esi decree of last March Railroad bonds made the best showing show show- 1 ing lug of the active short session among the most active up 1 to 3 or more inane points were some of ot Baltimore Ohio Boston Maine Erie Illinois Central Missouri Pacific New 1 York ork Central Nickel Plate and Southern Some issues of ot Union P Pacific and Chesapeake Ohio were soft Prominent utility and industrial gainers included loans of ot Western Union U. U S. S Rubber Postal Telegraph Telegraph Tele Tele- graph International Telephone Lautaro Lautaro Lautaro Lau- Lau taro Nitrate American Foreign Power and American Smelting Smelling Fractional advances were reco recorded ded I by most foreign bonds although is issues issues issues is- is sues o of Great Britain Colombia and Poland were slightly lower ower |