Show nO BOND D MARKET I NEW YORK Jan 14 Reactionary H. Reactionary I tendencies predominated in today's today early bond trading which was Wa unsettled by firmer time money rates and the downward downward downward down down- ward trend of ot the stock tock market St. St I Paul a Issues un worked lower as a predictions of a receivership for tor the road unless Interest rates raes on government loans were reduced were made in hearings fit st Washington With hopes s for an early I I Ithe Inauguration f of interest r payments payment on I Ithe the new Denver Rio Grande Western bonds apparently removed removed the roads road's I liens lens fell tel back 2 I to 3 Fractional gains gain and losses lose were about evenly di divided dl- dl vided in oth r rail rai obligations Profit caused break brak ot of 2 Ito to B 5 I points point In Federal Light bonds bodde and tabre moderate I rea lons in some coin lie lie- copper and oil Issues t S tI i f |