Salt Lake Telegram | 1932-06-04 | Page 1 | Security Markets Continue Strong

SECURITY MARKETS CONTINUE STRONG NEW YORK June 4 P Buoyant lP-Buoyant Buoyant bond jond market and a snappy rally in stocks today greeted the American Securities Securities Se Se- Inventing corporation formed by a score of banking institutions under under un un- un der Morgan leadership to pick up Investment Investment investment in In- vestment bargains The advance in bonds virtually duplicated du duo du- du Fridays Friday's rise and many issues of if all descriptions soared 20 to more than han 70 per 1000 obligation Pre- Pre erred stocks wl which ch had been driven to o the breadline by recent selling also gathered strength Common shares snares participated to the extent of 1 to 4 NEW YORK June e 4 P The P The American Securities Investing corporation cor cor- the concern formed to acquire bonds and other securities is expected to be ready to begin operations next week Its charter char char- char I ter er was expected to be filed lIed in Alt AIt bany bony today I