Show SCARY OWNERS SELL JAP BONDS NEW YORK Jan 29 P Despite assurances from bankers who contend contend con con- tend that present far eastern developments developments develop develop- ments will not be permitted to get out of hand m many my owners of Japanese securities both government and private private vate offered them for sale today Prie Price declines ranged from irom 10 to over 50 50 for Japanese bonds of 1000 par value The imperial governments government's 6 2 1 per cent bonds declined 20 following following follow follow- ing yesterdays yesterday's break of 26 2850 2650 50 They were quoted today at 75 for 1000 denominations against jester ester esterday day The governments government's 5 2 1 per cents cent broke to against yesterdays yesterday's s closIng cbs clos cos Ing prie price of The Te most precipitate break occurred occurred oc oc- oc in m the Great Consolidated Electric Power Issue 7 per cents float foat cd for the Japanese account They Tey were vere quoted at against yesterdays yesterdays yesterday's yesterdays yesterday's yester yester- days day's closing price of which represented a loss of 2750 2750 from irom the preceding da day Oriental Development bonds were somewhat steadier in irs light trading The Te 6 per cents sold bold down to but later i allied i-allied to compared with yesterdays yesterday's cosing closing price of which however was below Wednesdays Wednesday's closing cosing prie price The Oriental Ori On- Development 5 l reached an extreme low o of ot off of 30 but later rallied to 60 GOO against Thursdays Thursday's cosin closing price of which in m turn tur represented a decline of 32 50 The Japanese yen lost 7 10 of a n cent in foreign exchange dealings declining ing to 35 05 cents whIch was vas a n scant fraction above the years year's extreme low price prie of 35 cents cent reached on January January Janu Janu- ary 2 The silk sik and cotton coton markets market were relatively quiet American buyers of raw silk sik one of Japans Japan's principal commodities withdrew some orders from the market mar mar- ket hot early today but later placed orders orders orders or or- ders on strength of reports report that the American and British governments planned joint action acton in th the Shanghai situation Prices were down as much muchas as 5 cents cent or more a n bale on the dB day Cotton Colon pi prices ices were little changed price swings varying from irom gains of 10 10 cents cent a bale on some options to losses of f 5 cents a bale on others |