Show BOND PRICES SLIP LOWER Realizing Saes Sales Apparent in Convertible Group Rail Mortgages Easy Ecy NEW YORK ray May 11 1 AP APP APP- Week end selling ca caused sed the bond market to resume its is irregular lower trend tend in today's brief session d de despite spie spite the confidence inspired by easing of m n y ra rates es yesterday However there ther was a steady under undertone tone which len benefited tied many issues Realizing was apparent in the convertible group which moved un unevenly unevenly un- un evenly with the re res of the list American I. I G. G Chemical 5 1 l were I firmer on continued demand and I Public Service Servie of New Jersey 4 l 12 ran ran up 4 points to within 2 2 points of their years year's years high In sympathy sympathy sympathy sym sym- sym sym- pathy with wih a rise in the st stock ck AI Allegheny Al Al- corporation 58 s were heavily r trad traded d with wih the stock in expectation tion ton of an ar an offering or or rights but t sold Eold off oft near near the close on pr profit tak ing lag The rail ran mortgages were listless 5 and somewhat easier The heaviest heavies t trading In this section was vas in hi tw two recently listed issues Missouri Pa Pa- Pa a. a 5 l Is A convertible and Texas Texa 6 Pacific C both of ot which commanded com fractionally ullY higher prices Selling of West Wes Western rn Maryland 4 48 S forced them lown dowa own to their years year's S low at 78 7 Most of the te activity in the I lis list t was was centered in French R Republic pub lic Hc licin Is Th Their lr early advance brought brough t In offerings which h. h canceled cancel d a gal gain gin I and an antu d they finished unchanged on a a tu turnover O of ot par value Rhine Rh ine l Maine Danube 78 75 recorded a again ga gain of gan of more than thana a point and Nor Norway Nor wa way y KingdomS Kingdom ind 5 l 28 1 were firm Th The a fo reign foreign division as a whole was wa 5 dull dul du ll with with- n narrow rov price movements movement 0 United Stat States s g government obliga obligations Hons tib ns making further response t to 0 th the e week end cr credit dit ease were ir irregularly i- i regularly re higher As a result result of the decline during dunn g the th e past week in ta face e of protracted d hi high gh money rates the Associated associate d Press Press Pr ess averages of fort forty bonds have hay C d declined to within less than half hal c of ofa f a point of the yeat years year low touch touched touche d la late te in March Marh |