Salt Lake Telegram | 1934-07-17 | Page 19 | Wont's Bid

ro j Wont ont Bid Bankers Shun Frisco's Bond Issue NEW YORK Jul July 17 The major New York banking group which had planned to bid for tor the new issue of of I bonds which the city of San FrancIsco Francisco Francisco Fran Fran- cisco had scheduled for award I t Monday decided not to bid They explained that In view of the general gen r. r k eral strike they could not afford at this time to offer oHer the city a aprice price which the bonds would ordinarily or- or be worth since in retailing retail t. t ing the bonds if purchased the ther r bankers would logically expect I to enc encounter unter sales resistance On the other hand the bankers bankers bank bank- ers era pointed out bids reflecting the present strike situation would necessarily b be low and might tend Send to impair the city's credit standing