Show BONDS REGISTER FINE RECOVERY Highest Grade Liens Soar to toI I Best Levels Since 1928 at Midyear Midyear NEW YORK July 4 Bond W-Bond Bond JP-Bond- Bond prices in the first half of 1934 ex ex- one of the most striking rec recoveries in the history of at Wall Wallstreet street streeL Early in January with returning confidence in the dollar there developed devel devel- developed a return flow of funds into fixed income investments after the flight to stocks and commodities coincident with the 1933 currency depreciation Midyear finds highest grade bonds at the highest levels since 1928 and corporate bonds generally at the best prices since 1931 It Is notable that bonds are well above the levels of a year ago ago while stocks socks are arc somewhat under the average prices of last year at this time when a feverish inflation inflation I tion bull market was In progress i The total quoted value of all bonds I listed on the New York stock exchange ex cx- change is currently ar around und more than over the level at the beginning of 1934 and over above the level at mid The long term U. U S. S government issues have risen to levels where their average yield is but little above 2 per cent against more than 3 per cent early this year and a depression depression de de- de- de high of ot about 4 4 per cent centa a little more than two years ago |