Evening star., 1933-08-09
BOND LIST HIGHER
AND MORE ACTIVE
y. S. Issues Slightly Lower,
Utilities and Speculative
Rails Join Rise.
snecial Dispatch to The Star.

Bpecial Dispatch to The Star.
NEW YORK, August 9.-Bonds
opened higher and actively today, with
speculative rails and industrial deben-
lures features of the corporate list.
United states Governments with near
bv redeemable or call privileges were
sliehtlv lower. Irregularity marked
European loans.
Later there was an improved demand
for public utilities, which. in part. was
attributable to the electrical consump-
tion figures for last week and. IN part.
to the belief that this type OF security
might not suffer so much from lnf1a-
tion as is popularly supposed.
The Van Sweringen rail group leo IN
first-h hour dealings. with Alleghany
CORPORATION convertible IS of 1856 up
point. Then Nickel Plate 412s OF 1913
added IL, points. Allegheny 5s OF 1949
opened at 5S58. up So. Chesapeake
CORPORATION SIS of 1947 during these
moves we're unchanged at 1O4'4. Un-
confirmable reports had 1t that Cnesa-
peake Corporation directors mlgnt M
crease the dividend rext Tuesday, de-
yelopment which would tend to benefit
chesapeake Corporation and some OF
the other Van SWeringen companies.
st. Paul Loans Less Active.
St Paul adjustments were somewhat
less active than usual, though hlgher,,
as were the gold SIS" international
Great Northern adjustments quickly
added a point at II. Chicago q North
western 4a4s were up almost as much
ut 81. The Missouri-Paclfc group was
steady, the only exception in the sec
md hour being the SIS, series l. OF 1881,
which were off a small fraction.
Medium-grade rails steadied under
The leadership of the Erie issues. In
the high-grade list during the fore
noon Atchison General As and Union
Pacific As were a shade lower. The re-
markable steadinesS of the gilt-edged
carriers during the last few weeks has
occasiored much comment. Despite
3lurries, the averages of this group IN
the last two sessions made successive
new peaks and now are only a short
distance from their best levels of 1881.
Colorado Fuel & Iron SIS, now in re-
eeivership, sunk to a new low of 1915
as the per cent bonds of subsidiary,
Colorado Industrial opened point
higher at g. The speculative steel de-
bentures were not much in demand in
early afternoon transactions despite the
fact that midweek trade reviews en-
phasized the stability of operations,
which they reported would be dimln-
ished only by possible fuel or water
shortages, as demand has not yet be-
creased.
Advance Continued.
= The general market in the afternoon
was up slightly on the day. with the
averages showing the best gains in do
mestic industrial and second-grade car
riers Public utilities also were higher,
but first-grade rails were shade lower.
Cuba Public Works 512s of 1945.
which broke points in late dealings
Tuesday, came back slightly. Dutch
East Indies issues made further re-
sponse to the announcement that they
would be redeemed in guilders. Radio
Keith -Orpheum 6s of 1941 were the
softest spot in the generally heavy
amusement group.
Unsettled conditions in Cuba did not
SO much affect that governments bonds,
but the mortgages of sugar firms on the
island sagged. Francisco Sugar 712s
were down points on a few offerings.
Gains and losses about balanced in
the United States Governments in the
final hour. Postal Telegraph SIS were
up l34 points. The market finished
actively, with many of the leaders re-
tanning their earlier advances or point
ing upward.
Copyright, 1889