Salt Lake Telegram | 1929-04-28 | Page 31 | Bons Traded at Fast Pace

BONDS TRADED AT FAST PACE F Favorites Assume Market Leadership XE V EW YORK 27 AP AP- AP Trading In a a small smal group of s ml- ml speculative favorites continued at a a fast pace pace In the pond bond market brief session today while the general investment In Investment in- in vestment list outside of a few Jew rails rais I was neglected Month-end Month credit tightness restrained bidding but the fixed ln In ome securities re remained fe- fe fairly stable Traders w were re Inclined to believe In itt view of the markets market's r resistance to strained credit conditions of f the last few days that bonds wo would lt resume their Interrupted advance after aier the I current stringency relaxes i Demand for the new new American I. I G. G Chemical convertible 5 1 l carried carried car car- ried ned the price up a point to 97 1 4 compared with the offering oftering price of ot 95 Sales of the Chemical bonds totaled 2090 principal amount and with wih a a few other stock privilege lego lege ege securities accounted for for forn a a n s substantial substantial sub sub- b- b portion porton of th the tOl total l sales of German loans c continued to ease on pessimistic foreign news The Agricultural bank Is sold off of nearly nearly nearly near near- i ly 2 points to a new nev low for the year at 94 7 7 Industrials and utilities ties Ues also eased further farther but the Republic Republic Re Re- public Is still found support and were steady French governments firmed while 5 1 l moved within a fraction of their low point Some of the interest In the foreign Issues shifted to South American loans which were relatively firm The convertible Pirelli Company of Italy Ialy most heavily traded Issue in the foreign list finished nearly 2 points higher Atchison 4 1 l In International International In- In Telephone 4 1 l 1 and other convertibles after an early show of strength In sympathy with wih stocks were wee ragged at the close With Wih utilities in better beter demand Pacific Gas Ga and Electric 5 58 ad advanced d d. vance more mota than a a point to a a new high at 1 FIrmness Firmness Firmness' in ir 1 this group group was shared hared by Philadelphia company 55 Postal Telegraph 55 and telephone i issues sues Second grade gade rail rai issues including Fisco Frisco 4 1 l and Texas Missouri Kansas adjustment adjust ment mont also Were ere firm Industrials as a a group were ver irregularly lower Last Lt minute buying of United States tates treasury and 4 3 In Injected inject injected in- in d a 1 ut little strength into the domestic do do- domestic government list after th their ir ii reactions to tho hardening of money rates the the last few days