Bond Market Edges Up on Stronger Returns in 1947 Issues
The day’s bond dealings show higher turnover with 1947 Fourth 4% bonds trading near 100.20, the best this year for the issue. Liberty and Mexican and French securities rise on easy money and redemption effects, while profit taking trims gains after buyers await debt settlement news.
MENTIONED IN THIS ARTICLE
United States
Liberty
Chloe Assay
Germany
Alee
Steel Teaz
Danmark
Mio
Wien
Feng
Tenijerd
Oscaee
Norway
Brest
Bern
Panenus Ae
Ms Govt
Monictpsi
Partivone Mit of
Mes
Nes de Wate
Asia
Manati Huger Co
Spas
Canada
Ian Bactte
Absa
Sao Paulo
Leral & Toard
Bank of England Cuts Discount Rate in Surprise Move
The Bank of England reduced its discount rate by a fraction from May 10 level, aiming to support loan issuance and bolster trade amid wartime uncertainty. Officials cited intent to enable a larger loan package of 13,010,000 and to align with lowered Treasury bill rates. The decision marks the lowest rate since before the war, with historical shifts noted back to 1900s levels. Regional cites include Bombay and Calcutta where rates also adjusted, while the U.S. dollar movement is mentioned in foreign exchange context.
MENTIONED IN THIS ARTICLE
London
Associated Press
Bank of England
Lombard Street
Treasury
United States
Listed Stocks Transactions Yesterday
Readable fragments show various securities names and prices listed with partial figures. The text appears to be a garbled OCR segment of a stock table mentioning mixers such as RD Unites Dees tee and Aqua Kale rennrets with scattered numbers, percentages, and company hints.
MENTIONED IN THIS ARTICLE
Resity
Becar Corp
Parent
Bonds to Retirement of Road Debentures and New Issues
A total of 4 000 000 first mortgage and refunding twenty five year 6 per cent bonds of the Cincinnati Newport and Covington are to be retained to retire 9 709 000 first and second mortgage bonds due July 1. New bonds are callable at varying prices over five year blocks and may be exchanged at Central Trust Cincinnati or at E Hutton Co. and others. An issue of 1 600 000 fifteen year first mortgage 7 per cent sinking fund bonds offered in Canada. Other securities and par values noted, including New Haven and related figures.
MENTIONED IN THIS ARTICLE
Cincinnati, Newport & Covington Aitg Company
Central, Trust Company of Cincinnati
E. Hutton & Co
Otle & Co
Firestone Tire and Rubber Company of Canada, Ltd
Inter-Met Bonds Extend Deposit Time Under Readjustment Plan
The Interborough Rapid Transit plan extends deposit time for Inter-Met bonds as part of a readjustment. About 40 percent of depositors have chosen to buy new Interborough ten year bonds at ten percent, while many have not elected the purchase option.
MENTIONED IN THIS ARTICLE
P. C
Interborough
Interbor Rapid Sit
Emiy
Fucer St mErerment
Bordent
Readiustshattan
Interborough Rapid Tra Railway Company
Ageoeme
Claia
New York
Broadway
Firms flag investor risk and bond auction results
The document cites concerns about investor principal loss with 5 Straus & Co securities and notes bids by Bankers Trust and partners for a $4.55 million San Juan Porto Rico issue. It mentions Tulsa Oklahoma and Pittsburgh connections and a reported high bid of 108 879 for the issue with 6 percent terms and maturities offered yesterday.
MENTIONED IN THIS ARTICLE
Bankers Trust Company
Wilam R. Compton Company
Bilara Bons
Union Trust Company
Pittsburgh
San Juan
Porto Blac
Paris Market Prices Show Firmer Tone Across Rates
Paris market notes firm prices today with three percent tents at 68 francs 46 centimes and London exchange at 80 francs 63 centimes. Dollar yield quoted near 9 per cent and 9 centimes with Union Nation offering at 4 per cent.
MENTIONED IN THIS ARTICLE
Paris
London
France
Piva
Union Nation
Also Mentioned on This Page
State of Maine
Maine
Massachusetts
Connecticut
Barr Brothers & Co
Tal
Hertor
Getatta
Hambleton & Co
Exchange Place
Miladelphis
Baltimore
Washington
Drew
Dosmnick & Dominick Werther News Broadway Mech
Bvchanee
Foernrowen
Deracir
Otral Union Trust CO
Wwranty Trust Company ‘ of
4Th St
Madros Ave
Ih St
Day
Pia
Ord
Tn & Pet
Thane
Bath
Calcutta
Yesterda
Gontinusd
Erventioe
Te & O
Estabrookeld
New Haven
Phc Tyne
Long Island City
Jamaica
Staten Inland
White Plains
Vinisos Vinis
Huntington Jackson & Co
Government of the
Dominion of Canada
The
National City Company
National City Bank Building
Uptown
42Nd St
Madison Ave
Odices
Interborough Metropolitan Collateral Trust
Expire Test Company
Interborough Metropolitan
Bondholders’ Committee
Grayson
Muieiy
Collin Ilsnes
Jojen Menuch Chandes
Sargent
Dey Nan Peabody
Palerick Ses
Boudinot Atinnere
Peciiany Brosnan
Siew Vers
Cmayatm
Wengerbon, UirrixewE.t
DE aRnsDon Rane
Withian Bt Fe
Tae Quarantt Trust Company OY
Deport Breedway
W. Straus & Co
Straus
Sth
Ave
46Th St
Nue
Anata Clear
N.Y. Ree
Choo
DeLee
CW. McNewr & Co
Tulsa
Okla
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