Salt Lake Telegram | 1938-08-27 | Page 13 | Bear Pressure Felt by Bonds

BEAR PRESSURE FELT BY BONDS NEW YORK YORK Aug 27 2 UP The P The Te bond market was wa under uder slight selling selling sell sell- sel- sel ing pressure presure Saturday alto although gh there were enough supporting orders orders orders or or- ders to t keep declines within a minor range rage The Te secondary division of the rail raU group was the most active ache and toward te final hour of the brief brie session showed showe the widest ides losses There Tere was no news notes of importance to affect the market other than the te general generl uneasiness ness fleas in Europe Europ which failed to disturb to any ay extent the present position of foreign dollar dolar bonds bonds Losers Lers of ot fractions t to a point or orso orso orso so included Rapid Transit 7 Nickel Plate 6 Northern Norther Pacific 35 3 Southern Pacific 48 Southern Souter railway consolidated 1 Santa Sat Fe International Hydro HydroElectric HydroElectric Electric Os 6 and Loews Loew's Lews Contesting the te trend for tor small gains gais or holding about unchanged were stamped Baltimore Baltimore Balt- Balt Balti Balti- more Ohio 48 Rock Island 4 and ad Penn Dixie Dixe Cement 65 6 During Durig the first frt hour only a asmal small amount of German smal Gen government government govern govern- ment bonds had appeared on the tape at losses of ot 8 1 to toi i A of a point Rome Home 6 lost around aroud H but Cuban 1 is s 8 improved more than a point point There was little activity in i other other foreign issues issues U. U S. S governments government kept in the background traders apparently di digesting digesting di- di gesting Washington reports report the te treasury may be a heavy borrower in the money markets market in September Actively traded issues ranged from 32 3 of a point lower to 32 1 higher