Salt Lake Telegram | 1931-04-22 | Page 13 | Bond Mart Lower with Trading Quiet

BOND OND M MART H lOWE 1 ITH I n QUIET et Declines Arc Confined Jf p q Principally to Narrow I Fractions if IK Ih ALEXANDER HENDERSON i A Associated Press Financial Writer If NEW YORK April 22 2 f Thc Te The bond boric market was Irregularly lower I today Loday and trading In nil all groups con- con quiet The net declines were principally narrow narrO l fractions Baltimore Ohio 4 1 l 25 5 of or 1060 1960 ind nd New York ChIc Chicago o St. St Louis LouisI I 4 1 l of 1978 1918 lost major fractions however cr A decline In rail Issues at r. r Ibis tuI time 1 i presumably a discounting discount discount- Ing movement In anticipation of the reports of earnings which v. are arc made public at this time of the month for forthe forthe 1 the preceding month Southern Pacific Pa Pa- Pacific Pa- Pa I clUe 4 1 l of 1968 1068 and New Nev York Central of 2013 were firm Brazilian obligations made mixed J changes The 0 C 1 l of oC 57 1926 dropped about 1 point but the Sao Sno 75 of oC 1940 pumped a corre- corre spending I. I amount Uru Uruguayan Gs Os were active c and lower following the 1 revolt news In that country German were steady t to firm Loans Lians X of the United States government co were duller than heretofore and anel changes j in In them were slight i r Trading in industrial bonds was wasI I Phillips Petroleum 5 1 l re- re selling pressure Shell Union 1011 Oil cased off on moderate ity Ity Youngstown Sheet and Tube 55 held steady All three of these I bonds were active e but the trading In Inmost inmost most Issues of this group was re re- re t t Public utility obligations were ere ere quiet but a narrow lower ower trend was apt ap- ap t parent Pacific Gas of 19 1942 19 2 were f r f Even E stock privilege bonds conI con- con I their changes pretty much among minor fractions although some ome of the Issues 5 were more active c than those thos-c of other groups General Theaters Gs however dropped about 1 point The city council of Detroit has approved approved ap ap- ap- ap proved pro the thc sale on May 18 18 nAn r r n bonds due from 1932 to 1951