Salt Lake Telegram | 1931-01-27 | Page 10 | Bonds Show Little Change, Day Quiet

lioN S SHOW liTTlE CHANGY H DAY I Failure to Advance Laid to Ic Rail Utility l Financing of By Dr DO DONALD DOLD LD C. C BOLLES Pr Pros PreSs s Financial Writer r I NEW EV v YORK Jan 27 21 VP t Prices O of listed bonds varied only slightly from I Monday ondas S closing In quiet trading Tuesday 1 The failure to make any h headway ny d for br the second successive day waa wu explained in part by th the thi appearance of or in railroad X d and utility financing MO T. T OFFERS Issue Offering of or th 5 s per percent cent refunding mortgage I suc of th the Missouri P Pacific Ulc railroad the largest piece picco of new financing of the I month anth brought a reaction of ot about to two points each in listed bonds of the the thC carrier On rather large Jarge offerings offer tn ings the three 5 per pcr cent bond issues d to 05 15 the price a at which the cew was marketed and the tho 45 and 5 23 1 also sold of off sharply Afew A Afew few of the tho legal rails that are selling around jound par or above c were firm finn bu but the group as s a whole turned heavy Y In addition there were cre two utility offerings ono for S and another another an an- other for In other changes were V the rule ruic among domestic bonds A few foreign loans Joan made nade quiet pro progress rC'S and the group firm under under- as ts a whole hole displayed a tone one GOOP GOOD BIDS EXPECTED In bond circles It was expected that hat the government would obtain try very favorable fa bids on the tile two Issues of or f ninety day treasury bills which will be Issued on February 3 3 L In view Ic Icor of or the fact that an issue Of or f In treasury bills matures matures ma ma- maures tures ures February 16 It Is expected that there will be 00 another bill issue at that time to rn meet t the maturities and also care are for other financial obligations of f the government go up to the tax payment pay pay- ment period March 15 Not In many years rears have M conditions in the money market arket and nod the demand for short- short term erm liquid Investments been to o favorable to government financing as s at present bankers say U. U S S. S governments gov gov- were slightly lower today toony