Salt Lake Telegram | 1930-01-05 | Page 20 | Bond Prices Gain Ground

BOND PRICES GAIN GROUND Trading Thin but Slight Advances Shown in All Groups By JOHN 1 U. U COOLEY Associated Press Financial Writer NE YORK Jan 4 1 AP The AP-The Tho bond market edged upward today In two tuo hours of dull trading All groups showed a advance In Inthe the tho Yen very thin dealings which to totaled totaled to- to not much moro more than principal amount tile the short session one of thin ll In Iii ft a year At the lie tho tilo averages for thirty bonds representing all the donic stood nt at compared with the 12 high and Cite tho lo how v mark Tile Tho train gaIll during thin tho past week was limit half a point reflecting the o of the market after the tho turn of oC tho year when money rates developed an easier caIer undertone First grade prado rails stagnated al although ab- ab though hold to their upward course Industrial which staged a rally on Friday extended their gaIns sains a trifle despite the lite heaviness of several low bow priced loans Utilities ties tIcs were rather nixed mixed hut lut gains averaged a little larger than losses United States government liberties and treasuries scarcely stirred and prices were Irregular Foreign For For- eign olga obligations retained tho ground they had gained during dining tile tho earlier sessions of the week Most of tho tue net changes In this section were only fractional St. St Paul laul general Atchison of 5 Atlanta 4 Charlotto Air Air- lino ts Southern Hallway consolidated consolidated consoli consoli- dated 55 and ami two or three other rails extracted a rise riso ot of 1 to 2 points out of tile tho thin market but in the tito themore more active obligations a much mitch nar rower range of prices prevailed Tho weakest spot in the tho entire list was ivas tho 1110 Cuba Cano Cane Sugar lit which dropped 12 points The Tho company corn com paTty pany which Is In receivership announced announced an an- recently that It would not bo able to meet principal or Interest inter inter- est ost due on bonds January 1 Today's decline dechine carried the obligation obligation obliga obliga- tion to within 3 points of its low Other foreign sugars were heavy Penn Dixie Cement 6 rallied S l- l 2 1 points Other outstanding changes by Industrial bonds Included a re recession IC- IC cession of 2 3 S In Walworth ts and gains of 2 and 1 2 1 respectively tn In I Lehigh Valley Coal Bs s and Liggett Myers Tobacco 55 With the exception of Chicago Northwestern 4 3 which have been actively traded since their Ap Appearance a month ago tim tho convertibles convert convert- suffered from neglect neglect- This rail held at on the tho largest turnover turnover turn turn- over of the session American Telephone 4 l 1 the customary leathers leaders of time the share privilege de debentures do- do were forced Into second place closing a a. shade lower Atch lson ison 4 l 1 lost 1 8 5 American I. I C G. G Chemical 6 5 l 1 rose a full point