Show Bonds R Reactionary Due I Commercial Money Needs NEW NE JORK YOJU March larch 20 Bond Dond Bond prices price continued slightly illg reactionary during the and past the week Increasing due to higher money rUes rate demand for funds fund to meet Jl f expanding commercial needs need No diminishing diminishing- however In the supply of funds fund available for new Dew bond Issues issue was shown the weeks week new flew Issues Issue u s totaling as 38 compared with the week before Bond Dond salesmen however how how- ever reported customers were somewhat harder to approach due probably to heavy uso us of funds fund for tor income tax lax pay pay pay- meat ments on March 16 Foreign government bonds bond were fairly steady teady the French l Issues eues registering H a slight gain Mexican securities also were vere up moderately Imminent operation of the Mexican debt agreement having a a. steadying effect on these Issues issue Chinese Railway Os 6 were off ort slightly and Cuban bonds were depressed Market strength of ot Maryland Oil OU company Issues which advanced on higher stock prices 08 featured tea tea- the Industrial group Net gains ot of 12 and 17 points point for forth forthe th week were re recorded recorded recorded re- re corded by the Maryland Oil 7 8 71 and Se both with warrants warrant Sugar and copper company liens lien were steady The change In the method of quoting United States State government bonds bond tive tivo Thursday resulted In some confusion con con- fusion tURlon among brokers broker Under the change minimum quotations are 32 1 of a R. point Instead of ot 2 cents on Members Member of ot the stock exchange In an effort t to stirn ulato transactions In United States State government government gov gov- bonds reduced the commission from 1 18 of or 1 per cent to 1 32 of or 1 per percent cent Bankers Banker report a a. fair amount of ot new Issues In sight Among the tho Issues issue expected ex cx- soon loon will be one of approximately approximate approximate- ly Iy twenty million dollars dollar for th the Oriental Orient Orient- al at Development of ot Tokio ep- ep resenting an American loan of this amount for tor the development of ot Korean resources Information a all as to the response which met the announcement that tion lIos would b be accepted In the United States Slates for tor the fifty million German Gennan In Internal Internal internal In- In loan was withheld after cable adVices advices advices ad ad- vices reported the commission lon on reparations reparations rep rep- proposed to Investigate the th loan on the ground l that the had no right to pledge Its gold goM reserve In supPort of the Issue New Issues issue during the week Include one of ten million dollars New NewYork York York Lackawanna Western Railway Oay company company com corn pany 60 year first mortgage and refundIng refundIng refund- refund Ing 4 W 44 per cent bonds offered at 96 to approximately 70 Other Important additional offerings for foi the week were were- G 6 per par cent centone centone centone one to twelve year equipment trust bonds bond of th the Air Line Railway company offered 1 at par 3 6 per percent percent cent twenty year first mortgage bonds bond of ot the th Illinois ElectrIc Power company offered at st t 97 to 10 j yield 6 25 per cent 4 U.- 6 6 per cent thirty year first lien Hen bonds of ot the tho Indianapolis Water company d at 90 96 to yield 6 80 per percent percent cent and 8 7 7 per cent ten tell year sinking fund convertible bonds of ot the National Motors company offered at 90 tn I 10 per Ir cent |