Salt Lake Telegram | 1933-06-10 | Page 10 | Secondary Bonds Absorb Selling

SECONDARY BONDS ABSORB SELL SELLING NEW YORK June 10 Second T-Second Second Secondary ary bonds had to absorb further selling Saturday but the list lisl listas as a whole was no worse than Irregular lar A flurry of selling in the federal group at the opening inspired by the thi industrial control bill amendment it to tax the income on tax exempt s securities uri ties gave way to a support later 02 on ona a Washington report that this clause clauw might be dropped Both liberty sod fid treasury rallied from their lows i iSome Some rather sharp declines were wen suffered by certain of the low rails and utilities which by their lea steady action of the last day or two encouraged realizing Prime issues fa in these and other groups continued lashow la to show a a firm tone Western Union Postal Telegraph and International Telephone issues were again under pressure of selling which reflected disappointment at tt the unfavorable turn of events respeCting respect respecting ing a prospective consolidation A generally firm tone marked tie the industrial department Oil issues 00 con continued in demand and the leaders to- to proved fractionally