OCR Text |
Show GOVERNMENTS BOND ISSUE : INFLUENCESSTOCK MARKET : Securities Under Further Professional Pressue and Drastic Liquidation; Liberty 3-ls Still at 100.24. NEW YORK. Sept. 25. To what extent I the eovernment's proposed unlimited bond i-sue acted as an influence over today's to-day's stock market gave rise to much debate. de-bate. The forthcoming offer of the treasury treas-ury department was the engrossing to ,?!:' among 'bankers, while securities experienced experi-enced further professional pressure and ilrnstic liquidation. As an offset, the existing T.lberiv 34s loomed up formidably, attaining to the new maximum of 1 00.24 on sales which comprised the greater part of the d;i v's business in bonds. Rails were the weakest weak-est shares, high-grade issues showing extreme ex-treme losses of 2 to 4 points. St. Paul made another new minimum at MH, the preferred also falling to its lowest quotation quota-tion In over a score of years at j Other rails touched lowest levels of recent re-cent years, meeting with indifferent support, sup-port, even at marked concessions. Rcliitivoly, industrials lost 1-$.- proum than tiie more seasoned issues. United States Steel varied between and ll'iu, its Hnal -rWe of 10 y lowing a nti loss of 1 points. OtlK-r steels, including eaulpmnnls, also j mo:als. Fhippings and milities. were 1 io ; ."i points lower, with feeble rallies on the usual short (.-overing before the close, i , Sales amount to i-JC'.00'l share?. Mone- yielded none of its stringency. , call loans' liolding at per cent until all demands had been met. while, nominal amounts of tin:o funds were placed at tho ; same rate. i International as well as domestic bondi; were irrekru!r rly lowvr, the Liber Cy issues, is-sues, however, selling from 1 "0 . 0 4 to U'0.24. Total hotul tales, rr value, ag-yreated ag-yreated $a.l.r.0,000. 1'nited Stales bonds (old issues) were unchanged on call. |