Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-11-21
GOLD Bloc BONDS
REACH new PEAKS
U. S. Governments Off Slight
Iy and Speculative Rails
Forge Higher.
BY JOHN A. cRONE.

Special Dispatch 10 The Star.
NEW YORK. November 2i-The at
tainnent of new high prices by series
of gold bloc" loans, the fraetionally
lower trend in United States govern
ments, and strength of speculative car
riers we're features of today's bond deal
ings ON the stock exchange.
German loans. especially the govern
ments shared in the general rise OF
European bonds, though Reich industrial
and utility issues reeeded. Further un-
eveness marked Argentine loans. but
several of the Cuban issues did better.
Renewed weakness in the dollar
caused the resumption of buying in
rrenrh. Polish. CrschosloVskian END
Italian issues The same reason caused
inerna.ed efsrines Of Units6 States
eovef nmenIs which we're not mttr N
heipad hv The announcement OF news
censorship ists niiSnsd p me Treasury
Department.
FsiIne Ssaiis Easy.
Treasury As sold at 1902 16, or 4-32
below the low level established pre-
viouSly on the current movement No
ven1bef 10. Similar moves subsequently
took place in First Liberty 4 as, at 1908
but other issues before noon remained
above their previous lows ON the current
movement which started November 4.
Prime rails were a trif1e lower in
the forenoon under the leadership of
such issues as Chicago Union Station
guaranteed IS of 1914 and Union Pa
cific first As Meanwhile obligations
just q step lower in grading, like New
York Central 3i2s and Morris g. Essex
3ios of 2000 hardened. Down the scale
a step further mortgages like Balti
more g. Ohio refunding SIS of 1895 and
Illinois Central 434s of 1866 receded
but Erie general As of 1896 stiffened
Among lower grade rails there was
strength and activity. ST. Paul adj
justments and gold SIS we're higher.
Chicago & Northwestern 434s benefited
from the. gain of 1876 per cent in the
weekly car loadings. New York Cen
trail issues we're not much changed
after the announcement that it had
asked the ]. c. G, for permission to
issue promissory notes. bearing 6 per
would Be used to renew $50. 743.145 of
maturing notes, with the balance for
general corporate purposes
IS Averages Up Slightly.
Spurts in speculative rails enabled
the bond averages to register a trifing
gain in the afternoon despite the fact
that industrials, first-grade rails and
public utilities recorded declines.
The four Dutch East Indies issues
had no difficulty in mounting TO new
peaks Holland American Line SIS also
reached a new high. Brazilian and
Uruguavan issues strengthened.
Among the wider breaks in the prime
and middle grade carriers were those in
Atchisons Is of 1855. Cincinnati Union
Terminal IS of 1920. series B; Great
Northern 412s of 1876, Illinois Central
Omaha divisional IS, New York Central
gold" As Of 1912, New York. Providence
g. Boston 4S of 1912 and Southern
Railway ST. Louis As of 1851.
Treasury 334s at 100 in the last hour
sold at their lowest level since the Gov
eminent selling movement started No
ven1ber A.. Treasury IS, As and first
Liberty 4 Us earlier in the session had
behaved similarly. The general mar
ket finished a very small fraction
higher but this gain was confined al
most wholly to the speculative rails,
virtually all investment issues being a
trfhe lower or unchanged Volume was
less than in the preceding session
though turnover of Governments in
creased.
Copyright, 1890