Salt Lake Telegram | 1931-02-14 | Page 9 | Traders Cautious in Bond Market

tRADERS CAUTIOUS IN Price Movement Follows Nar Narrow row Groove Prime Issues Steady q By IT DONALD C. C BOLLES Press Financial Writer NEW YORK Feb 14 P Still SUU un un- certain as to what effect the thc soldiers soldiers' bonus legislation may have on the bond market traders were cautious In n their bidding Saturday and price movement followed the narrow groove made familiar this week While prime investment Issues held about steady second grade loans that have advanced with stocks were heavy boavy although recessions there also were fractional United States gov were little changed and was confined principally to the Liberty fourth 4 l 1 which lost loste e 0 small fraction With the exception of German which receded fractionally European obligations were firm South Americans did little Sao the most heavily traded AmerIcan Litin this week d- d more than a point to cut in half its loss Joss for the abbreviated There are signs of a little littlemore littlemore more activity in new financing next week eek The Central Illinois Electric and Gas company is expected to market refunding It vas u learned also that the Baltimore ts Ohio had sold one and aud year one notes carrying 4 per percent cent interest to refund some ome Chicago Alton indebtedness