Evening star., 1933-11-06
us. BONDS SHOW
FURTHER DECLINES.
Hluh- Grade Domestic Issues
Also Sag-SpecuIative
Group Gains.
By. JOHN A. CRONE.
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, November 6.-Further
declines In United States Government
securities, continued strength Of select
group Of European governments, re-
newed purchases Of Canadian govern
ment and Canadian National Railway
descriptions, heaviness In most prime
corporate domestic issues and moderate
gains in speculative corporate securities
marked today's inactive and nervous
bond session on the Stock Exchange.
down more than u point in the fore
than y point. virtually this entire
group was at new lows on the present
movement.
Weakness Of French francs created
selling in French governments, with the
TVS of S7s points, though some OF the
rails, such as Nord 612s, were up
slightly. Conversely. the strength OF
mand for British obligations. United
Kingdom Is were bid to new peak.
German Loans Mixed.
German loans moved irregularly as
a result Of their weakness IN LONDON
before trading started here. Canadian
IA hit a new high. The Canadian Ma
tional Railway SIS Of October, 1863,
likewise were at q new maximum. Polish
and Italian issues moved forward. The
best gain In the latter group was In
Flat rs, which attained new peak.
Proximity of the arrival Of Maxim
Lityinov to negotiate an American
Russia trade treaty created fresh
wave of bidding up Of the old imperial
Russian loans here, especially since the
leading protective group indicated that
it should be able to state its claims IN
the negotiations at Washington.
Local fractions wavered uncertainty
as two Of the three leading mayoralty
candidates here came out for transit
unification. The better grade Of utilities
in the first two hours pointed upward,
some issues coming within fraction
of their best levels Of the year.
Numerous industrials improved. They
included International Cement IS, United
states Rubber IS, Bush Terminal Con-
solidated SIS, Container Corporation Is,
Richfield Oil convertible IS and Houston
Oil 5hs. An exception was American
Ice SIS Of 1858, which opened OF q
couple Of points.
Transactions Slower.
Transactions were slower and fiuctua-
tions were narrower in the afternoon.
The market, taken as whole, showed
Improvement. Public utilities were of
more and the industrials were up less
In the fourth hour than In the second
hour, but United States Governments
were steadier, prime utilities, rails and
industrials regained part OF their earlier
declines and speculative carriers were
unchanged.
Irish Free State SIS made new high.
So did Nord Railway 6l2s. Polish rs
came within a fraction Of their best
level. American Water Works Is and
Tennessee Electric 6s were the widest
losers In the utility division. The best
gamers in he rails included Gulf,
Mobile & Northern 5lzs, New Haven
debenture As, and Chesapeake & Ohio
refumding Ans Of 1888. Local trac-
tions bettered.
st. Paul adjustments were one OF the
softer issues in junior rails. Cincin-
natl Gas g. Electric As firmed. That
city votes on municipal ownership
Tuesday. United States Governments
finished unevenly, with the bulk OF
trading centered around the new
Treasury issue, the 31zs Of 1871, 31ss Of
l946 and 33ss Of 1943. The group
generally was slightly above the lows
of the session. The market was dull
and irregular at the end, with numerous
issues trifle above their minimums.
(Copyright, 1882