Salt Lake Telegram | 1937-02-16 | Page 31 | U. S. and Corporate Bonds Lose Ground

U.S. AND CORPORATE BONDS LOSE GROUND NEW YORK, Feb. 18 UP) U. 8. treasury and top-grade corporate bonds continued to yield in late trading trad-ing Tuesday, with many issues slipping slip-ping into new low ground for the year. l.OMMtn in federal obligations ranged to 8-32 of a point at one time, while first line corporate bonds contributed con-tributed numerous losses of fractions frac-tions to about a point. Among the latter were Santa Fa 4s, Chesapeake Chesa-peake 4t Ohio 4V4s and Western Union 5s. -v,, Convertibles emulated 'rallies in stocks. Studebaker 6s ran up 4 points. Utility loans stiffened, with Paclflo Gas t. up a point or so. Fractional gains also appeared, In various secondary rails, including St. Paul fis, Chicago Northwestern 444, Erie 5s and Illinois Central 4s. I Symington Gould Coupler issues broke sharply.