Salt Lake Telegram | 1932-04-11 | Page 13 | Bonds Develop Lower Trends

I BONDS DEVELOP LOWER TRENDS Drop Follows Earlier Rallying Rallying Rally Rally- Raly- Raly ing Effort Utilities Range Narrow NEW YORK April Apri 11 1 P Thc W-Thc The bond market after some feeble rallyIng rallying ral- ral lyIng efforts again developed a lower trend Monday Even the United States government list eased moderately moderately rind and ad the railroads turned heavy The utilities moved in a somewhat Te uti narrow range rance but a number of industrial industrials industrials indus indus- trials trial recorded substantial lose losses St SL Louis Luis Southwestern Southwester Consolidated ed due in June had a up run-up of around aroud 6 G points at one time tie and Nickel Plate 65 also maturing this thi year gained substantially Activity in i n these bonds bond was attributed partly to the recent approval by the interstate interstate interstate inter inter- state commerce commission of an 18 loan to lo the Cotton Coton Belt Bel line lie This roads road's maturities on June 1 approximate approximate approximate ap ap- ap- ap proximate some Improvement was shown by Atchison Atchi- Atchi son 4 l 1 2 1 of 1948 Canadian debenture 45 St. St S1 Paul Erie Eric Southern Pacific Pacific Pa Pa- 4 41 1 2 1 and Frisco 4 41 l 41 New NewYork NewYork NewYork York Central 55 Baltimore Ohio 4 l 41 and ad Pennsylvania 4 41 l 1 were easy Other Oilier price changes chance were nar nar- row The utilities and industrials were somewhat irregular although the thc presure pressure against these thee classes clase seemed American Telephone Telephone Telephone Tele Tele- 10 to t have lessened phone and Consolidated Gas liens lens were barely steady and ad mild mid improvement improvement improvement improve improve- ment was shown by Detroit Detroi Edison Eison 4 l 1 1 American and Foreign Power 55 lost a point or more Chile Chie Copper 55 and International Match sagged Oil Oi company obligations recovered moderately Notwithstanding the overwhelming lindenburg victory vict ry in i yesterdays yesterday's runoff election electon German government 75 and 5 1 2 1 lost ground The Argentines Argentines Argen Argen- tines recovered slightly Norwegian and nd Polish loans loa were higher hiher and ad those of Britain steadied