Evening star. [volume] (Washington, D.C.) 1854-1972, 1949-04-03

Junior Rails Score
Advances in Narrow,
Quiet Bond Tradinq

D. -. As.ssa@ss4 ss.m
SKw YORK. Arwa ~ -N~y
ort&k demand for q 1rcsa s ~
10 medium prbcea rals svss -.
bond rnarkss alive kccay Oa,r,
u nAtor fractions 10 arvxsnt. f.,
point were numerous r. tSs "a.
vor~d group. but sl~wAs-. The.
WAS little change n r-Acss es,Ar,
way. and ths'r Vas ltils ACTIVITY
Among ihs het;er r~-t~n.-,
we're 0reai NN;tNe~r -. Ga,
Mobile a CAso "a i<A:g~ Vs9.v
Terminal 81 kA'r at...,--r--t =,
Susauefsann& gr-e-A =, Ns.,~~ 4
Lake Cllanp.a.H e. 49, r..z~.
nrSs $lsa
Missouri pAc!1c A,Ar, a..
vAneed sxeep, n1s gsnsrN. tAna
they were UNCHANGED ywr a.
the three active New YEA Crns-A.
loans weSs in the Plus column ana
two Of The thrre active Penns,!-
vanlA loans ~err ahead
a. r. q T. Grswp Uns,en.
small gains and Losses ~.~
about evenly divided In the Ama
scan Telephone group. Two a.
Paul loans backed away . wfas
and lower prices were taken fow
DAYTON Power n 4gh, 50, ard
Detroit Edison s.
Business vas suspended IN
United States Government lssuea.
As Is usual on Saturday
A hurry Of ouying In Dan!ah
bonds included Copx nhAsen as
and S. and the governments
and IS brough, gains OF q point o.
so. Otherwise there MAS little do
ing in foreign loans SALES totAied
si.llo. 900 compared with sE7o 100
last Saturday
Foreign dollar bonds we're Me
only class on the stock exchange
list able 10 make any consistent
Roadway during q week ot irr~su-
lar price movements,
Spanked chiefly by strong tend
encies In Scandinavian loAns. the
Pre@ average OF IL
foreign bonds posted q net gain Of
3 points during the week. hitting
500, q new lsss hiRh. on satuT-
day.
sticky Spots Develop.
Although q couple OF sticky spots
this week In neS issues
Of corporate bonds dealers held
only comfortably low inventories
of unsold new loans
Because Of slack demand. under
writer's removed trading restric-
tons from Columbia Gas Systems
PC, 900. 600 OF debentures and Wis
,onsin Electric Powers $40 900 600
,f mortgage bonds Only small
parts OF each issue had been
placed with investors when tbs
indicates were dissolved Since
then bonds OF both issues have
moved freely into the hands Of
-etaii buyers a. small concessions
inder the original Offering prioea
The situation was less com
with regard 10 dealers
insold supplies Of municipal bonds
and railroad equipment trust GER
.ificates.
New municipal issues still on
dealers shelves total nearly $780,
300 900. according 10 latest reports
The total OF unsold equipment
trusts has been estimated at more
than $40. 900 900.
Face Light Schedule.
A light schedule of new fnAne-
Ing next week. however. wili osisr
dealers q good opportunity 10 wuk
OF their current supplies.
In the only equipment trust Of
fcring Of the week. PennMyivania
Railroad will market %. e0d. 900 OF
on wednesday. Gen.
eral Telephone Corp. Ia expected
TO be ready Tuesday with 10000
900 In debentures 70 be sold by
rather than by COM
petitiye bidding
The biggest item on the weeks
schedule OF municipal offerings.
10 total more than $40
900 900 Is New York City Housing
s4s. 37S 900 bond orer-
ing on Tuesday.
A new development In financing
evident In recent Nsek Ia ths in
creasins use Of stock offerings By
public utilities to finance expan-
sion programs. The utilities here
tofore had used debt financing al
most exclusively over . two-yeeS
period.
The success OF recent stock Of
fsrtngs and an improved n&rkst
for utility securities In expected %
result In . continuation Of The
trend toward stock offerings
One big one. 1000. 900 common
shares Of Ohio Public Service Co.
will be put up for competitive bid
ding Tuesday OF the total offer
Ing. s3B,is0 shares wtll b. for the
account OF Cities Service Co. par
ant OF the Ohio utility. and 3ei $40
shares will represent new stock
by Ohio Public Service.
General Outdoor AdvertisinE Co.
earned o.. 5e4 1856 or o. OF In Ie<e
rs. 81 Al .3ee or % u in the pre-