Salt Lake Telegram | 1925-07-26 | Page 32 | German Mark Listing Protested

I German Mark Mark- listing Protested NEW YORK July 25 25 AP The AP-The The American Association of Holders of German Ger Ocr man Mark Securities through Its Ita chairman chair chair- man Leopold Zimmerman of ot Zimmerman Zimmer Zimmer- man and Forshay bankers has filed lied a protest protect with the New York curb market against admitting the City of Cologne Germany 6 per cent ex external external ex- ex ternat loa ba of 1925 1325 to unlisted d trading privileges For hor or several years Mr 1 Zimmerman wrote the City of Cologne like other German cities has defaulted on the In Int Interest interest In- In t terest rest pf such bonds Issued d In German marks The American Association of Holders of German Mark Securities wag WU formed for the mutual protection of Its Us members and la Is therefore opposed to the tile Issuance In this country of n now new w loans Joans as long as aa the old loans are not taken care of In a satisfactory fa way We wish to 7 et Veas i Impress I es upon your esteemed e tI that fact fact- that the old bonds Issued In marks contain the same promises and pledges as to payment and security