Salt Lake Telegram | 1932-06-06 | Page 11 | Socialist Regime Hits Chilean Bonds

SOCIALIST REGIME HITS CHILEAN BONDS NEW YORK June 6 43 A Establish Establishment ment of a socialist republic in Chile caused a flurry of ot selling of Chilean bonds on the New York stock exchange exchange ex ex- change today but price changes were not violent Bankers said the Chilean political upheaval came as no great surprise Moreover they pointed out a number of Chilean obligations both governmental governmental govern govern- mental and those of part part government owned corporations had already gone into default The three principal Chilean government government government govern govern- ment 6 per cent bonds were ot off from to as much as 13 1375 75 The Chilean 6 per cent of or 1961 sold down do to 55 55 for 1000 denominations a decline of 1375 and the Chilean G C per cents of ot 1963 were off 5 to 50 Chile Copper company 5 per cents broke 50 to a new low price of Chile Copper is one of the three principal principal prin prin- prin cipal Anaconda Copper company subsidiarIes subsidiaries sub sub- operating in Chile which control 96 06 per cent of Chiles Chile's copper production Chile Mortgage Bank C 2 12 per cents of 1957 gamed gained to 70 for a 1000 par bond an Mortgage Bank Cs Gs of 1962 gained 10 to 80 per bond Other bonds of ot the Chile Mortgage Bank were lower These i issues sues had bad been heavily sold last week Officials of Anaconda Copper company company com com- company pany and Copper corporation corporation corporation corpora corpora- tion said slid their cabled ad advices vices indicated ed that conditions are arc quiet in the Chile mining regions Officers said the they anticipated no interference in operations The only change one official of official official of- of suggested would be the the identity of Chilean government officIals officials off i with whom mine owners would have to negotiate I