Salt Lake Telegram | 1938-01-08 | Page 13 | Rail and Steel Bonds Advance

RAIL AND STEEL BONDS ADVANCE NEW YORK Jan 8 UP UP- UP U- U Strength in rails rais and steels featured featured featured fea fea- a moderately active session on the listed bond market Sat Sat- Secondary and speculative carnor carrer carrier car car- nor rier liens Hens lens met good support support Alleghany Alleghany Alle- Alle Ale Ale- corporation stamped Ss of 1950 advanced 2 points to 33 Ere Erie bonds showed gains ranging to 1 10 points point and Southern Railway rose ose 1 I to 47 First grade rails rais firmed under lead of New York Central Southern Pacific and Northern Pacific liens lens Otis Steel s of 1961 were up 2 24 Republic Steel of 1961 gained 1 1 and Bethlehem Steel of 1966 rose a point to lead the upturn in steels Pressed Steel Car 55 of 1951 featured industrials with witha wih a point 41 rise Western Union of 1950 and Brooklyn Manhat tan tn Transit of 1966 led the advance in utilities on gains ranging rang rang- ing ng up to 2 points U U. S. S government funds rallied from opening easiness and closed on advances ranging to 4 of ofa ofa ofa a point and losses to 3 of a point point Japanese dollar dolar bonds led the foreign foreign foreign for for- eign section irregularly higher Transactions approximated 3 compared with three weeks ago