Show TWO fWD SECURITY ISSUES OFFERED r i Trend Toward Longer Term r Bonds y Seen Increased U.S. U. U A. A I S. S Spending Likely I I I I WASHINGTON June 4 P A A A deli lite trend toward term longer lies ics ies to replace much of the govern ent's large term short-term debt was seen tOday today in Secretary of ier fer of two issues totaling I 1 This financing operation which operation which n-which which may mat go far beyond the thc and reach also also cd ed to some observers that the nd administration ad administration ministration expects increased emer g ncy spending during the summer I Some congressmen feel that as much as may be needed for drouth relief relict Public works outlays outlays out out- lays ays also are expected to be heavy Secretary u offered Investors in In- two security issues issues Obo in year 14 3 per cent bonds ponds and in iii 5 year 5 ear 2 per cent In addition the treasury reserved reserved re re- re served the right to Increase the bond issue by a maximum of 4 This would be sufficient to exchange ex cx change new bonds bonds' for in M 4 of 1 per cent certificates maturing June 15 15 and for tor in 2 23 per cent notes maturing August 1 |