Salt Lake Telegram | 1936-07-25 | Page 13 | Bond Market Tends to Higher Position

BOND MARKET TENDS TO HIGHER POSITION NEW YORK July 25 2 UP tP Price changes in the bond market were narrow but mostly on an the upside Saturday U. U S S. governments were Unchanged unchanged un Un- changed t. t to 5 32 of a point higher with major trading interest confined confined con con- fined to the longer term maturities While Some nii profit taking made us ts appearance in the corporate di division division di- di vision especially sp in a group of low priced rails and utilities that have tilted silted sharply upward throughout the he week the main body of active held unchanged to minor fractions net higher On the upside were such loans as American Rolling Mills American Water Works and Great Northern Others showing modest advances included fonal l P Papers pers 5 Erie North NorthWestern NorthWestern Western St. St Paul Santa Fe Youngstown Sheet Tube and Pacific Gas s. s Studebaker gained a full point Liens reflecting profit taking in included In- In eluded Missouri Pacific Bs s St St. San Luis Francisco Shell Union 3 and Southern Pacific Foreign bonds were mixed Fractional Frac- Frac Ional improvement was wai registered by ay Argentine bj and Poland Losers Included Italian 73 and Brazil