The Archive · 1938

New York Bond Market

New York, Mar. 4.

Very quiet conditions prevailed in the New York Bond market during the past week, After ruling firm on "he announcement that the Treasury would confine its March financing to bonds rather than to the note refunding of the $455,000,000 maturing notes, the market for United States Government issues turned irregular, with operators awaiting further details.

Corporates generally drifted lower, with some holders in evidence, Railroad issues were discouraged by a forecast that it will possibly be a fortnight before the Interstate Commerce Commission would hand down its freight rate decision.

The foreign bond section ruled irregular.—Reuter,

Text read from the printed page and cleaned; old type leaves the occasional error.

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