Salt Lake Telegram | 1939-08-26 | Page 13 | Federal Bonds Rally Briskly

FEDERAL BONDS RALLY HALLY BRISKLY NEW NE YORK Aug 26 V. U S. S government bonds turned briskly higher Saturday after sharp shap de- de lines dines cines earlier earler in the week had clipped several points j in i some Issues issues is- is sues ues from record high prices Gains Gais ranging to more than a aull full ful ull point were recorded near the end nd of the short session Treasury Tress Treas Trea- Trea ury ur 2 b of 53 49 added 16 on n sales of about 10 bonds and the thes s of 48 46 moved up ll 11 1 on n turnover of 40 bonds Revival of demand for the federals fed- fed rals eras coincided with wih news from abroad holding out faint fant hope war might still stil be averted A factor in n previous selling brokers said was the theory theor that war might put heavy demands on the American industrial machine and employ employ- huge luge surplus funds fud held by banks This Thi would tend to raise present I small mall smal interest rat rate A little buying cropped up in inthe inthe the he foreign division too Milan Mian advanced more than a point and Belgium about as much Denmark shot up 4 While the trend in the corporate corporate corporate corpo corpo- rate list was wa definitely d niely higher changes were registered on slim sl volume Higher by fractions to more than tha a point were loans of American and Foreign Power Delaware Delaware Delaware Del Del- aware Hudson Illinois Central International Paper and ad Texas Corporation