Salt Lake Telegram | 1932-02-09 | Page 13 | Donds Display Steadier Tone

BONDS DISPLAY Y STEADIER TONE U. U S. S Obligations ns Are Again Firm Railroad Issues Offer Ofer Resistance n By VICTOR EUBANK Associated Press Pres Financial Writer Wrier NEW YORK Feb 9 0 P P A After showing considerable improvement in m inthe inthe the first three hours of trading the bond market softened moderately today today to day and closed cosed with wih mixed and gen gen- narrow changes United States government securities ties tics which worked against the gC gen geri general eral oral downward trend Monday again firmed several of the issues being especially lY active Their recent tendency ten tenS dency has been regarded as somewhat some what unusual in view of the harder mone money rates expected for next week when settlements come due Interest in the group is being heightened by the large new financing finane- finane ing which the government is expected to do between now and March 15 Railroad bonds which have been laboring in a thin thi and ad soggy market offered better beter resistance A special specia move developed In Nickel Plate of 1932 that loan rallying several points under rather active buying Gener Generally ly speaking however the thc im improvement i. i im- im provement of carrier obligations was moderate and only a few issues showed much activity Utilities were somewhat mixed The ITie American Telephone division ruled steady to firm Columbia G Gas S 55 May maturity and Postal Telegraph 55 softened but high grade bonds as a group were little changed International tonal Telephone recovered part of oJ Mondays Monday's loss The industrial category was quiet Oil Dil Oi company obligations inclined toward easiness but offerings were inconsequential Foreign bonds displayed mild mid irregularity irregularity ir ir- regularity but their range of fluctuations was narrow Japanese issues continued to improve Tokio Electric Gs Os rising more than a n point on active inquiry Government loans were quiet quiel Electric ran ra up more than 4 points