Show FEDERAL BONDS SET NEW V HIGHS NEW YORK YORK April Apri 16 UP UP UP-U. U.S. U. U S. S government bonds advanced to tc new high ground for the year and longer in active trading Saturday Moving jip up strongly under the heaviest demand in recent months 16 of 26 traded issues soared to new 1938 peaks Moderate tak prof-tak- profit tak ing reduced the g gains ins slightly atthe at atthe atthe the close but final quotations held 8 32 to 32 15 points over Thursdays Thursday's Thursdays Thursday's Thursdays Thursday's Thurs Thurs- days day's closings Home Owners Loan of 1949 39 led the advance rising 32 19 points in early trading to 24 It I slipped back to 2032 32 at the close Demand however centered in treasury treasur liens lens where gains ranging rangIng rang rang- ing to a point and more were re re- re corded Treasury S' S of 44 1946 4 1946 were up 32 13 points the tho 3 8 1 l 1 of 46 46 1949 gained 32 13 and the of 46 1948 ot rose 32 12 all al finishing at the days day's highs Federal farm mortgage issues closed on gains extending to 32 13 points point Market circles attributed the unusual unusual unusual un un- un- un usual demand for governments government to the federal reserve boards' boards action acton reducing member bank reserve re re- re Domestic corporation f fun funds U n d s strengthened sympathetically under lead of rails raUs and utilities Carrier loans advanced 1 to 3 points point Telephone and telegraph telegraph tele tele- graph issues closed on gains ranging ranging ranging rang rang- ing to 2 points in a stronger group Industrials showed advances advances advances ad- ad ad ad- vances ranging to more than 2 points point Foreign obligations were relatively relatively rela rela- quiet closing higher high high- er under lead of Latin American American is is- is sues German and Japanese liens lens weakened moderately Transactions approximated 4 against a week ago |