Salt Lake Telegram | 1932-05-25 | Page 14 | Rail Weaknesses Hit other Bonds

1 RAIL WEAKNESSES HIT OTHER BONDS I NEW YORK May 25 Further iP-Further Further i-Further P Further weakness of or rails rail unsettled the bond market Wednesday and various classes claes of or listed securities drifted to lower levels The United States government sec lion ton provided pro a moderately bright spot in m the te days day's unsatisfactory pro pro- Several of ot the treasuries rallied for slight gains cains and other federals fed fed- eral were only fractionally lower While transportation liens lens dis displayed displayed di dis- dis played a declining tendency only a few issues isue were heavy losers These Tee included Santa Fe 4 down 2 2 1 12 and Southern Pacific 4 l and South South- em er o off around 2 points pint for new years year's lows lows The majority however were only fractionally lower Some of ot the power and light company com corn pany bonds bond improved mildly and the oils oil were steady Utility Power anc and Light Licht debenture 5 l 2 1 found a new 1932 bottom with wih a loss los of nearly 3 points point Australian and Brazilian Braian obliga obliga- ton firmer while British 5 l 12 again made a new years year's top at 10 1 12 Bonds of Japan Germany and France eased cased I