Salt Lake Telegram | 1924-03-09 | Page 24 | French Bonds Active Sellers

I fRENCH BONDS BONOS ACTIVE SEllERS Break Break in in in Price rice to 3 31 2 2 1 Cents Is Reason NEW YORK TOnK YORI March 8 The S.-The The new break in French francs to another low record below 3 cents today was accompanied by fresh s selling of the thee governments government's bond Issues which declined d about a point each extending their losses for the week to ID almost tour four r points OI The Tho exchange n I Ithe i movement ov l had an unsettling effect on the entire entre foreign list French municipals losing ground along with withe wih Belgian Swiss and Austrian government obligations Liquidation of ot the l French rench Republic and Os 8 was the only outstanding feature in an unu unusually quiet Saturday market Profit taking wiped out some of the recent gains recorded by St. St Paul Issues but speculative rail rai mortgages Je ger generally Interest t Improved In bond circles In tone ewa was directed principally to prospective new financing The long deferred Pennsylvania Railroad equipment Issue i li I. I expected I market market mar mar- ket Icet next week wee with the offering totaling of 5 6 per cent bonds on a basis Sale of Dig Big Four Pour 5 and Norfolk Western also may take place n next wee week It With Wih new financing by the thee treasury due before March IS 15 1 the period of In Inactivity Inactivity In- In activity in the thee ca case e of new offerings is certain to be broken next week Of the time which the government is expected to raise raise about probably will wt come coma from long term terne bonds