Salt Lake Telegram | 1937-08-19 | Page 23 | Japanese Bond Issues Slump

JAPANESE BOND ISSUESSLUMP i NEW YORK, Aug. 19 UP Heavy ' liquidation of Japanese govern-j govern-j mental, municipal and corporate obligations, ob-ligations, under the depressing in-'fluencB-uf th srrtour far-eastern jconflirt, continued the highlight of a generally easier bond market j Thursday. Losses ran to as much si 5 points in several of th. issues. liomestic corporate bonds were moderately lower, but volum. was extremely light throughout the session. High-grade Industrial and utility bonds generally were behind modest minus signs at th. closing gong. Medium-priced and defaulted default-ed rait liens also worked under previous pre-vious closing levels. Convertible and share privilege liens were relatively rel-atively steady and dull. U. 8. government obligations lost a little ground, but here, too, turnover turn-over was unimportant and price swings narrow. j