Salt Lake Telegram | 1932-02-20 | Page 10 | Bonds Uneasy, Mart Cautious

BONDS UNEASY MART U. U S. S Loans Take Breathing Spell Most Railroad Issues Decline By VICTOR EUBANK Associated Press Financial Writer NEW YORK Feb 20 Bond 20 Bond prices moved uncertainly Saturday in a market that apparently had decided caution was the best policy for the present Dullness was the principal feature of the trading United States government loans which have been steadily climbing during the past several days took a breathing spell along with corporate securities Most of them sagged slightly and only the Liberty first firs 4 l 1 marked up their prices frac frae- The moderate reaction in the fed fed- eraS cral department was viewed calmly by dealers who iho pointed out that i iwas it was perfectly natural after a corisis- corisis tent advance in which some of the treasuries were up around 5 S points Railroad mortgages were somewhat somewhat some some- what irregular with most of the tue priced low issues declining The gains however about the losses Advances were recorded by some of tile the bonds of Chicago Northwestern Erie Eric and Pennsylvania Frisco 4 l 1 Missouri Mis Mis- Pacific of 1977 Illinois Cen Ceri- Central 4 3 45 and Atchison sold lower A firm undertone was maintained by utility liens Among the loans that improved were American Telephone Telephone Tele Tele- phone Consolidated Gas 5 S l 1 Duquesne Light 4 l 1 Pacific Gas Postal Telegraph and Columbia Colum- Colum Dia bia Gas Electric The industrial industrial indus indus- trial Category was easy Prices in the foreign section were mixed Small gains were made by Belgium Bolivia Poland and Brazilian 6 l German government govern govern- ment obligations were soft