Evening star

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were slow to back their opinions by

purchase of French securities. As was

to bo expected Belgian Sa and Bel

gian “•■is declined sympathetically,

but without making new low records, i

Other foreign bonds were also

reactionary, notably the Serbian Bs.

which again made a new low, and

the Haiti 6s and the Dominican 5%5.

The Haiti issue also established a

low record.

Lack of Buying Power.

The entire bond market showed a

lack of buying power. Even such

very high-grade issues as New York

Central 3%s and American Telephone

and Telegraph collateral trust os sold

at concessions. The same was true

of a long list ranging from Canadian

Pacific 4s. Missouri Pacific 6s and

general 4s, Baltimore and Ohio 4s.

Northern Pacific 6s, Chesapeake and

Ohio convertible 5s and refunding

4%s to Erie convertible "D” 4s. All

the Erie issues, however, were not

unfavorably affected and Union Pa

cific first 4s and Armour Rea! Estate

4%s at one time showed gains.

General reactionary tendency ex

tended to the United States govern

ment list, all the old liberties and

the new Treasury 4%s being fairly

active and lower. It was still true

today as Tuesday that the large new

offerings as well as the unfavorable

foreign news had a depressing effect

upon the market.

New Issue Oversubscribed.

The syndicate handling the Ana-

conda Copper 6s announced that the j

entire $100,000,000 had been heavily j

oversubscribed, but the permanent I

placing of this large amount must

necessarily take time. Baltimore and j

Ohio, it was learned today, proposes

How to cite this articleCómo citar este artículo

Evening star. (1923). Washington, D.C., 1923-01-17. Haiti in the American Press. Library of Congress, Chronicling America: https://www.loc.gov/resource/sn83045462/1923-01-17/ed-1/?sp=22

ReferencesReferencias

Library of Congress, Chronicling America: Evening star, 1923-01-17.