| Show 4 v vL i L BONDS MOVE RATHER DULL Undigested d Securities Reain Remain Remain Re Re- main ain on on Dealers Dealers' Shelves NEW YORK rORK April IS 16 By A. A P. P 1 s 41 DH bond prices continued to improve during the tho past lt week ek the market was va relatively dull dul and tb the tho advances advance were mall due many observers observer believe beleve to the tha large amount o of ot undigested securities till remaining on dealers dealers' shelves helve Of Ot th the approximately ot of new Issues offer offered 1 this year yar It Is 1 estimated that In excess of ot still are in the tha hanl hands of bond dealers dealer To this situation Is I. attributed failure of ot th the th bond Market to turn definitely upward upward Other Important factors Influencing th th bond market are ar the money rates and d th th uncertainty e t of form m government v I take to meet May lay maturi ties tie Time wi money eased tightly slightly at the then te end n t of tt the tie week week bringing about a a slight improvement In the general list United States State government lus closed the Unie week fek somewhat depressed although they enjoyed a considerable advance advance earlier In the tho week There were reports In farler the financial district that an order placed during the week for the purchase put pur tur- tur chase chue wa of In Liberties jot for the theace ace account of ot Great Groat Britain Transactions in bonds bonda on the New ew York stock exchange during March totaled as a. compared durin with wih in February and In March h. h 1922 Trading in n foreign and United United States State Rov Issues totaled totaled or 84 per c cent nt of ot the months month's trading New ew Issues ISue during durin the week totaled I It the largest t single 1 le offering I I t s f cg being for I soo oo This 1 compares e with the tha week tek before wih Industrial bonds generally were vere higher bonds bonda particularly and sugar ugar Ind copper chewing lusar considerable activity Changes Change In these thue Issues were largely the result of Interest and fluctuations were comparatively large The trend were however was definitely UP upward want Railroad bonds lute like the stock moved within narrow limits limit Trading In this group wa was ae fairly active Foreign bonds were firm with an Increase In the numbu number number num num- ber bu bought and sold Despite expanding business bond brokers brok brok- etc ers state flats there is little new financing I Pending Public offerings will wi be made tomorrow of a ne new Issue of ot ten year federal land bank 4 I per percent cent tn bonds at i. to yield about 44 per cent to the redeemable date dt 1933 11 and 4 per cent thereafter to redemption Ind pel tion or maturity The issue Isue will wil be of offered of- of fared ton by the twelve federal land banks tred Investment houses houa and about 1000 1900 dealer dealers deal deal- ers are throughout he us country countr er Important Issues issue during the past put week included 6 8 per cent year twenty first firt mortgage bonds of yer the Public Service Electric company of offered of- of t efu feted at 97 to yield per cent 6 per c cent nt t two y wo ar first mortgage bonds of oe the firt Products te ta corporation offered at par 6 0 per pe cent one to three years gold grold hi bonds of the tho Union Oil 01 company of 10 California offered tat lat prices to yield to eu per cent according to maturity matur ma ma- tur 61 ty 4 and ano 6 S per cent one oneto oneto oneto to year thirty Improvement bonds I of ot the tho ea city of ot Baltimore Md MS offered at prices to ta yield 1 to per cent 6 5 6 per cent Improvement bonds of Montreal ea C Canada offeree e a at 97 tp f yield fel felor or per fr cent t. t o 5 S pe tier cent year twenty refunding bonds ofa of a th fe the O province U to yield of Alberta I rr pet per Canada cent sS s offered mortgage S 6 per er cent year twenty-year first tint bonds of Trumbull Cliffs Furnace company com corn patty pany offered at nt 99 09 n to yield about S Sper per cent and 5 6 per cent centon centoni on oni on to fifteen years yeara Equipment Trust Tret bonds Donds of ot the St. St Louis Southwestern Railroad company offered at prices to yield IU per c cent nt |
