Salt Lake Telegram | 1928-09-02 | Page 26 | Prices of Bonds Turn Irregular

PRICES OF BONDS TURN Rails Provide Supporting Firmness of Market Trading Active NEW YORK Sept 1 AP- AP Prices turned Irregular under tic opposing influences of a stock market and profit taking in the bond market toda Trading was moderately active to- to tat sales Rails generally provided supporting sup sup- porting firmness for the market Oi tIle face of late recessions in the industrial group their belog be- be log based on the increased demand for railroad stock and encouraging earnings reports However a fei industrials particularly convertibles converti- converti bles showed fairly wide gains al- al most issues slumped in the of realizing just before the close Os were among Jib strong features of tile industrial group advancing more than 2 points to a flew years year's high at 8 3 coIncident co- co Incident heavy buying of tile stock in expectation of resumption of dividends tills falL International Match 55 Loews Loew's Ga with warrants Pathe Exchange with warrantS Pipeline Os and Sheet and Tube Ss made smaller gains Coppers sagged under profIt taking with Anaconda and Ands Copper closing fractionally low low- or UtIlitIes also sagged Public Service of New Jersey 4 1 cbs cbs- ing a half point down Illinois Central 45 New York Ontario Western 40 texas Pa 55 B and National of Mexico were prominent in the advance of the rails each gaining a point or more St St. Paul Sa Erie general lien 40 Louisville Nash Nash- villa B Oregon Short Line and were under pressure although losses were small The foreign list except for Republic Re- Re public of Chile issues closed unchanged was inactive United States government bonds were irregular Liberty first 4 1 and Treasury 4 l closing lower in tile face of gains in other