Salt Lake Telegram | 1931-07-27 | Page 12 | Chilean Finances Steady in Turmoil

CHILEAN N FN FINANCES STE DY IN TU Depression of Copper Big Factor in Causing Political Change Change NEW NEV YORK July 27 l' l P Chilean bonds bond declined declied only moderately In Inthe inthe inthe the stock stok exchange today toay and were not pressed for sale le In any ay volume The view was wa taken taken In bond circles cIrcle that the difficulties In Chile ChUc had ha been known here for tor some time tie and had hadDe De leen n largely discounted by the mar mar- ket keto The Gs 65 of at 1962 of at the Chile ChUe Mortgage bank scored a loss of 20 on a 1000 bend score tho the largest depreciation of the Chilean group when they sole sold at The 6 per cent Issue isue of th the national government due In February 1961 lost almost as much but the losses In other loans of at both borrowers W wa was more mor moderate Foreign exchange traders offered Chilean pc pesos at Saturdays Saturday's prices but expressed little Interest in buying them partly paty because they had ha not re reo re- re their dally daily cables from San San- tao which suggested the possibility of a a censorship to them A moratorium on Chilean external debts debt was declared by Premier Blan Elan quler on July 16 which was to remain reman In i force at least leat until August 1 1