Show v 1 v IN MARKET PRICE OF LIBERTY BONDS Some Liquidation Inevitable Says Annalist but It Is Healthy Condition The Tho fact that the market price of Liberty Bonds is still sUll below par has haa brought forth endless discussion among persons who either seek or try to give the reasons for the prices The present prices of Liberty Bonds bave have also been a factor in contributing ing lag to pessimistic stories as to the difficulty dif which the tho nation will have In floating a Fifth Loan The situation is well sot forth In InThe InThe inThe The Annalist New York financial weekly weakly as follows Every loan floated whether it be corporate or governmental requIres requires re- re re- re requires quires a certain cortan amount of timeto time to W 14 become seasoned This will be particularly true of our national loans which ha bate hafe all been sold gold during periods of ot tremendous pressure where every appeal was mudo to the buyer to take talce tho maximum whether or no tho the security security se se- se- se entity was suited to his needs or within his ability to pay Healthy Hearthy Gravitation Gradual liquidation from small email holders is as inevitable therefore as the law of survival K Fie Ite e shall take who hath bath the power and no he small keep who can and it is in keeping that more strength of character Is required than in the resolution necessary to bring one oneto oneto oneto to the point of signing the cation The gravitation that is s going on therefore is a healthy function except of course where whore selling is induced by unscrupulous swindlers The liquidation from this source represents so many footprints atthe of at the bonds in passage from the hands of the weak to the strong and every sale that takes place on the board emanating from this source is one step nearer to a solid market for tor Liberty Loans since it is a 9 well known characteristic character character- of those who buy in lii a declining declining declining de de- clining market to hold either for permanent Investment or for so substantial a rise that they are am amply compensated for their the carry Will Steady Market Much of the tho money realized from bonds sold to produce in the income tax will either euner ne ue in DanKS or go Into time short-time securities for investment invest invest- ment meat and the switching by savIngs sayings say sav- ings lags banks may be safely counted upon to do nearly as much good to the market price of the Liberty Loans as it can harm hum to rails ralls and municipals As a matter of at fact the taking of tax exempts from an institution unaffected by taxes and the resale of the same to tp private individuals I if ii only the natural natural natural nat nat- ural result of ot gravitation of se securities ri- ri ties into the final finar niche in wh which ch they are most efficient It is confidently believed therefore therefore therefore there there- fore that a turn in the tho tangent of bond prices Is at hand with an especially cheerful for our oW national loans |