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Show Investors Hold To LibertyBonds National banks in many of the most important cities of the country are already practically bare of Liberty Liber-ty loan bonds and Victory. Libert y loan notes as far as ownership goes, according to a Washington dispatch published here. The total amount" of Liberty bonds owned by all the national na-tional banks in the cities of Chicago, Chi-cago, St. Louis and Boston conibiit'-d otf June 30, 1920, amounted to only $ 1 1.071. 000. according to figures purporting pur-porting to come from the comptroller of the currency. Bank loans on Liberty bonds and Victory Liberty loan notes are steadily stead-ily diminishing, tlte dispatch stated, while only 4 per cent of national bank resources are now actually invested in-vested in these securities, which art1 mostly owned at present by permanent perma-nent investors. II is stated that the amount of Liberty loan bonds and Victory Liberty loan notes owned by the national banks on June ;t0, 1920. was only $1,027,970,000. The total resources of the national banks on June 30 last was given as $22,190,-t 000,000. The holdings' of the country national na-tional banks, that is to say, the national na-tional banks outside of the reserve; and central reserve cities, was said lo be exceedingly small in many states as compared with their holdings of other bonds and their total resources. All of the country national banks in New York state held only $12,915.-000 $12,915.-000 worth of Liberty bonds as collateral collat-eral for loans. The only other states whose country national banks held in ithe aggregate as collateral tor loans as much as $10,000,000 of Liberty bonds were Pennsylvania. $3 1.4:14. - '000; New Jersey, $10,974,000; Massachusetts, Mas-sachusetts, $13,997,000. As Liberty bonds and Victory Liberty Lib-erty loan notes gradually find their way into the hands of permanent, holders, it is Hie opinion of financiers finan-ciers that we may look for an even trend of the bonds towards par. II is the wise investor who is holding on to his bonds. |