Show JAPAN BONDS IN US U S FAL FALL Foreign Affairs nate In Stock tock Market Developments I I BY fly B RON Bl-RON RO bI J Special Corr- Corr 1924 by The Consoli- Consoli Consolidated Consolidated dated Pres Press Association NEW YORK YORK- April 19 19 1 Tor- Tor elm eign affairs I were wre the th lag Influence In tire the th In In markets of ot th the week eek tr eek T There ere n ere two to outstanding One was the unexpectedly quick acquiescence in tho the Dawes Dawe com corn committee committee mitten report of ot both Franc rr nee and Great aln on one sIde aid and on the th other oilIer The Th result S I as to produce product a n r ery favorable impression upon sentiment here bee The other le was tire the action of ot congress on the Immigration STation gration bill and the th consequent friction with Japin This tirade made madeIln madan an unfavorable unta Impress on but the dt ct was a as c confined to tho the mar mar- market market ket et tor for the tIro new Japanese loan It was an unfortunate that the emphatic expression sion Ion o of resentment on ot on the part o of the senate against the tone ton ot of o the Japanese ambassadors should ha have hae e come corn ome on tire Ibe th same caine day that tire the S which of oC otred feted tire the th Japanese bonds bond wis rs die die- dis dissolved soh solved ed These Th Japanese b bends nd note el 0 offered in February simul simul- simultaneously In London and Ne NewYork York th Ih most mORt prominent bankers In both cou countries participating In Inthe Inthe Inthe the under The Tho Th American issue hsue carr carr Ing a 6 I 4 per pr cent coupon was os as floated to the tho amount of OUO and the British lot Issue carrying a C 6 per por cent coupon amounted mounted to 10 25 OCO oeo pounds Th The offering was well weli I to- to e- e e celled In boUt both countries aad ald It a was generall assume 1 that the bonds bond had been ben unu uail well 11 placed Tire The Th break therefore ther to e In Inthe inthe Inthe the quotation on this Oris s de do at 1st urs liS duo due to the poll teal eI de The Tire action ot of Jau- Jau Jauan Jap Japan I an s echane o e chAne view I 1 G I Against this may nuy be bc se so the th and activity In bond bonds which followed the th ne neo o of the t t rocert rece t on of ot tire plan of oC the experts for sol ol nf n tire the reparations I problem New l ew high higi quo quo- quotations quotations tattoos for lor tire the lear a were re cre re reported ted for both the direct obligations obligation ot of tIre the r trench Stench republic lIc and for tor tb c cot ot of French cities and provinces Jt It mul t not be assumed that thole thor linew e enec liS s any airy rush oi of o s to hut bu securities That It If It comoS be a matter maUer of consider rUle time On Ott th tire the other I liani an 1 thero I tas as Tic no longer 11 s the maTet market h r timid holders an trailers were ere quick to see 0 the poe ot of o c e a Pl- Pl ca lion The Th improvement did note notI not e extend l nd to tiny any material to n dollar dolla birds bIs In geneal al c ne but bul some such e extension len n l b J to pro jr noli U h teli occurs In the th negotiations nc r orr ourthe the Dawes 1 the he tono tone ot of o the th mar marIet market Iet for lor or domestic so- so su showed groat gleat J c men meat I at the tho weik Mek elk end nd the 1 he h mr nire hap was as the ul 1 up- up upturn up upturn turn of United Stole States 0 I bars loas the iho 4 s sortie some of tho the old Liberty LI 4 ito to 10 now nw high hish hl h records for tor or tho th sear ar At Al tIre santo sarno sam line the he 1 for Cor forthe orth I Ithe I the high grade r d ad ds bo-ds be- be became be became came much mor more rigorous I I looked though as ae at last tiro tho |