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Show SECURITIES OF All KINDS GOME BflCKTO U. S. Forcigneis Selling Amen can Slocks and Bonds Worth Hundreds of Millions H 1 IK 1 e "3 n roiin ate 1 f) or e a s. e I fro ore a ow w o tl 1 oa na I ok o t ha e t ab be 1 the I u ted Mates lur ug tho i ait nlxtee n onths Una al oxportB hero estimated to da The I ela a e i II dson eompanj an nou ced toda that ntat sties rurnlshe 1 by the 141 prlo pal railroads of tbe ifnited States showe I that $480 S 135 (par alue) of American railroad se curltiea of all forms were tranaferred from fore gn to Amer an owners be tween tebr ary 1 a d 1 li 81 1915 In addit on to the an ount the com names est mated that between $50 0 00 and 5 I UUO was bought by A er ans irom fore guera during the samo ieriod b t ha I not been actually tr nsfcrred when the figures were com plel rxprrts o ntod out that not o 1 I ad A er cans bought back a lare olume of dou estic securit es b t that the recent $50 000 000 Anglo French war loan had been virtually ab sorbed here thus br ng ng the total of secur t cs taken from foreign sources to at least 000 000 000 Securities Pouring Back In reach g th a est mate experts took into account a previous staten ent troin the Delaware & Hudson that more than $3o0 00u000 (par value) of mericalb railroad securities bad come back to th s country between Beptem ber 1914 and February 1913 Another important consideration is the fact that during the but ftte or six months large quantities of Amen can securities of all kinds have been pouring back to this country chiefly from Great Britain and France How ever nearlv even foreign country has appeared as a seller of American stocks ana bonds. While there Is no posst bilitv of approximating the market value of the securities thus absorbed a the past sixteen months it was generally believed that the market val ue is considerably less than the par value. Prominent bankers stated that almost even steamer arrh ing here for eeeral months has brought from $10 000 000 to $20 000 000 worth of American securities se-curities The more recent shipments have been larger than the earlier ones Also it is known that since the British haneellor of the exchequer issued tbj securities mobilization order a great volume of American stocks and bonds have been sold in this market by Britons One Large Purchase One of the largest individual abaorp tions was announced today by Kuhn Loeb A Co n the purchase in France of 250 000 000 franea ($50 000 000 ) 4 per cent bonds of the Central Pacific An issue of Pennsylvania railroad bonds, totalling about iZO 000 000 vhich also was made in France was EuTchaseA bv an Amencan banking ouse recently for cou ersion into $1000 denominat on and sale in tbe home mar ket While this absorption has sent a large amount of gold abroad the outflow has been largely offset by eco nom c developments The dividends and ntereet on the ssnes former! v foreign owned will ow remain n this coun trv Th s i base of the matter was cons dered h ghlv mportant bv ex perts |