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Show EUROPE CALMS, BONDS ADVANCE NEW YORK, March 21 tV The bond market rallied sharply Tuesday Tues-day under the influence of a more paclfio outlook In Europe. Practically every variety of loan ross In price, while U. 8. treasuries, toward closing time, extended an advanoe begun early In the day. Utilities benefited especially from the more optimistic tone. Some rail Issues rose as much as two points. Among the leaders were American at Foreign Power Bs, International Hydro Electric (a, Wei tern Union Be, Illinois Central es and 4tts, Pennsylvania Railroad 4H of M and of TO, and Southern Railway . Prague 7Hs of '52 gained ( points on a aingls purchase but the major interest in the foreign list centered on Scandinavian and South American Ameri-can issues, practically all of which advanced. ' |