OCR Text |
Show LIGHT SELLING LOVERSBONDS NEW YORK. Jan. 29 UP The bond market dipped (or losses of fraction to more than a point Wednesday under light offerings, which depressed prices readily in all groups except the rails. The list was at about the day's low as the final hour approached. Some wide losses were posted for a group qf Inactive German municipal and private loans on small offerings. Down 2 to 7 points were such issues as Ruhr Chemical 4s, United Steel Works 6Vs, Rhein-Westphalla 6s and Berlin Ber-lin City Electric 6Ws. German government gov-ernment 5Vis and 7s were off fractionally. frac-tionally. Leaning backward for minor losses among domestic corporates were International Telephone 5s, Erie 5s, Continental Oil 2t, Rock Island general 4s, Alleghany tamped 5s, Northwestern 4i, Southern Railway 4s and Nickel Plate 5tts. Moving against the trend for gains of fractions to a point or more were, among others, Atlanta A Danville 4s, Canadian Pacific 44s and 5s, Walworth 4s and San Antonio A Arkansas Railway 4s. U. S. governments were quiet, 7-32nds of a point higher to 2-32nds lower. |