Evening star. [volume] (Washington, D.C.) 1854-1972, 1949-04-17
Bond Market Quiet;
Georgia Central Ais
Off More Than ;
by the Associoted Press


NEW YORK. April 16.-Only a
handful of bonds moved more than
a point in either direction price
wise in today's quiet, mixed mar
ket.
A feature of the short session
was drop of 37s points registered
by Central of Georgia "B" AIS
on the sale Of Sc bonds. The issue
closed at 43H. This followed word
that the roads directors had de-
cided 194S income was inadequate
for payment next month of inter-
est on the series "A" and B" In
come AIS.
Sales today totaled $1,100. 900
against $1.140,000 last Saturday,
and brought volume for the five
, day week to $12,250.000. In the
previous six-session week sales
were $16,930,100.
Katy Adjustment SIS gained ~
to 76 on light turnover. Texas g.
New Orleans 33ss climbed a point
D.. to "a and Penn Central Airlines
3l2s were up q similar amount to
. SO. Brooklyn Union Gas As were
up a point to l011a.
Advancing major fractions were
Baltimore & Ohio Is, Erie AIS,
New Haven Is, Pennsylvania Rail-
road general IS, Third Avenue ad-
justment SIS and some Western
Union bonds.
Bangor 81 Aroostook convertible
As eased ~ to 80. Spokane Inter-
national 4las slipped ~ to 45h
and Southern Railway general IS
were of point at 101A.
Others on the downside in
cluded st. Paul convertible AIS,
Hudson & Manhattan refund
ing SIS and New York, Susque-
hanna 81 Western refunding SIS.
United States Government is
= sues, as is customary on Satur-
days, were not traded.
Foreign bonds were mostly q
: little higher, with Costa Rican
. Is up 1b to Is. and Italian Pub
licity Utility l to IS up "a to
1914 on the sale of II bonds.
There was not q single dis
tinguishing feature in corporate
bond trading during the week.
The fact that the Good Friday
holiday split the business week
tended to discourage attendance
in the street. Volume failed to
, reach even the scanty 100000
mark in any session.
. The light traffic kept the mar
ket on a fairly steady course and
loan prices closed the week about
where they began 1t. Over the
five days the aggregate. Of losses
and gains were almost In per-
feet balance.
Treasury Bonds Ease.
An unconfirmed report from
Washington caused some ructions
j In the United States Treasury
bond market. The report was to
the effect that the bank eligible
ity dates Of some long-term issues
might be moved up.
1t was particularly damaging to
the prices of obligations which
commercial banks now are per-
mitted to buy. On Monday-the
day of the sharp decline spurred
by the report-the 212s of Septem-
J Der. 1972-67. lost quarter point.
Some subsequent demand bolstered
the price, however. and at the
end OF trading Thursday the issue
had taken a net loss of 5/32 at
lO3 1882 for the weeks activity.
!: Net loss of the bank eligible and
partially tax-exempt 2As Of 1852
Sc was 1882 when they closed
Thursday at 100 1882.
New financing operations will be
light next week. Biggest bond Of
fering Of the week will be 6.677.-
600 of mortgages that Rochester
Gas a. Electric Corp. will put up
for award Tuesday.
On Jne same oay, Dan DleSo
Gas 81 Electric Co. will take bids
on 300, 900 shares of $40 par value
preferred stock. Scheduled also
is an offering of 100000 shares of
$50 stated value preferred stock
of Connecticut Light 81 Power Co.
The only equipment trust GER
fif3rafe iSS,3a of the waek &c the
$2,500.000 sale Indiana Harbor
Belt Railroad has scheduled for
Wednesday.
Scheduled sales Of State, county
and municipal issues next week
total more than So, 000, 900. OF
this total. 1851. 900 is in tempo
rary loan notes that the New York
City Housing Authority will offer
u-{Aau