Show 1 Outlook for Great J I By Ira C C. Tichenor Tichenor- Tichenor Z there has been experienced a slight setback on an anZ Z Tx average in Liberty bonds from the high level of the year there here is not the slightest danger that they will lose any material portion portion of the gained by the recent advance but on the Contrary there is every indication that the upward tendency will continue nn an occasional unimportant recession As rec recently declared the upward movement in was due to genuine buying by sources h having ving plenty of or money at their command This vas as proven by the fact that of more than in Liberty bonds exclusive of of the Victory notes sold o on or the New York sto stock k exchange in September only about were taken by the government for sinking fund purposes f The sale of Liberty bonds is not restricted restrict d by any means to the New Nework Nework J ork s stock ock exchange The estimate is made by a a. large dealer in bonds and j allY In government s securities that not less than 75 per cen cent of the in government bonds is transacted off the exchange If If this is rue then the sales of Liberty bonds during last month totaled approximately 1 The upward movement in Liberty bonds was coincident with an advance prices rIc s in the entire bond bond market but no single group improved to the experienced by the Liberties The issues of other governments while a betterment In prices es did not keep pace pace with the American bonds t v vIn In ri this connection possibly it is surprising to some that the bonds of 8 some European countries should be be even even above p par r while tho those e of the American government should be below that point Naturally the market I value alu is governed to toa a a gr great at extent by bf the ra rate e of Interest While the United I mu tes was able to float its wartime bonds at from 3 32 to 4 44 i per cent many of foreign governments are paying as high as 8 per cent An exception n has been that in the case of ot certain Issues of the United Kingdom which were floated at 5 52 per per percent cent The market market value of these bonds however is below that of ot the issues of the American government o 0 v The prediction now is made plade by bond dealers and evidently on oi good g grounds n s I that all ll the Issues of will ad advance ance to par ar within another year yg |