Salt Lake Telegram | 1932-02-01 | Page 12 | Rail Bonds Rise with Wage Cut

RAil BONDS RISE WITH WAGE CUT Activity Centered Principally in Convertible Secondary Issues EUBANK By VICTOR I Associated Press S Financial Writ Writer r NEW YORK Feb 1 P The Thc Th I strength of oC priced low-priced and md speculative speculative specula specula- specula specula-I tive railroad bonds was the feature of or the market today A number o of carrier liens established new highs high for or the year and an improved tone ton classes of domestic domes domes- was shown yn in most tic securities Japanese government and corporale corporate corpo corpo- rate rale issues continued their sharp decline dc de- de- de dine cline ns as Chinese disturbances as assumed as- as somewhat serious proportions European and continental loans ha had hada a mixed tone German government 75 and 5 1 l advanced New South Wales 55 of 1957 1057 dropped several points on the announcement that interest due today is not being paid United States Government bonds were irregular the treasuries being In demand at moderately higher prices while the Liberties eased cased slightly Utility and nd industrial mortgages were firm Loans of the oil companies compa compa- nies registered gains following announcement an an- that Standard Oil of ot New Jersey had declared regular and ex extra extra ex- ex tra rn dividends