Show LBERTS FAIL T TO T HOLD HOL TO THEIR RECENT RALLY Selling to Establish Losses for Income Tax Purposes One of Causes NEW YORK Dec Dec- 9 The 9 The failure of Liberty bonds bod to recover more rapidly tram from the decline e which occurred in connection n with wih th the sharp recession In Inui other ui ties tes es following the presidential dental election is electon proving disappointIng disappoint- disappoint Ing to many Wh who felt that by this time count the bonds such would have havo begun n to discount discount dis dis- fundamental conditions as easier money rate te sand Sad the le fall fa fal In ln commodity COm COm- values have That Liberty as eI as other bonds as et yet refused to move as expected expect- expect ed In response to these factors is beto be- be to by mond mood men to be due due- ln tn Part the L lar large e amount of ot corporate fi- fi t- t nanc ng which has S been arranged this yea year During November of new corporate obligations were offered bringing B th the total for the eleven months of the year Jear to surpassing all al previous records and exceeding ex- ex n the total otal for the entire year 1919 1919 entre These offerings Alf fe because of ot high t capital costs were brought out at attractive at- at r rates and k have havo 0 Proved a strong prove source of ot com compel Pet tion ton to In ha has T addition additon n bond Vond men say that there selling developed recently considerable f selling T Investors of to by corporations and establish tax purposes pUrpose losses for income The table apPended le l shows the price I of the more a active tive Government war war decline bonds on n November ember 0 5 when the current decline n started the present price the tho decline the current yield Current Current Price De- De yield price Nov 5 cline pet pct T iu Liberty 3 J 26 94 90 64 4 L Liberty 1st 4 s L Liberty berty 53 57 Liberty Hs 41 2 46 S 61 53 if S Liberty 74 72 X Victory tory 3 s 66 I Victory 4 s 96 Z 72 |