| Show NEWS I W HITS BONDS I I French and German Obligations Fall Away But ButI I Recover I BY ISY BYRON SELLER I Special of Examiner Standard I Copyright Cop right 1925 by 1 In h Cons Consoli Consolidated o lI- lI dated rl riots CbS Association NEW YORK TORE Jan 3 rho rhe The at- at at attention of the In Investment ln market this week neck has been concentrated upon foreign bonds I 1 In these thes Issues hate ha ha b i b-i n lager than any other group grollI excepting of course cour e ep e stocks and their con torte conc bonds I Quotations for French and Ger- Ger Ger German in the man n obligations dealt on exchange fell tell away a aw y sharply during the first t three days das of trading followed tollo tollo cd by a n substantial after the th holiday Other European bonds were ero affected S but to a less les de- de degree degree de decree gree cree It Is fair to say ay that not since tho the French first Into the Ruhr r has ha there been such concern e exhibited bv by holders folders of trench French dollar bonds as was ns wase 1 es e In the early carly part port of his I He is cek S O S GIVEN The reasons lie II en- en entirely en entirely upon the surface In the ho first place there was as th the decision ot of the allies not to e Cologne on the date o o arranged on the tho 1 that the German gO government had not ful- ful fulfilled fulfilled ful fulfilled filled Its engagements under the tho treaty of Versailles Ver The Tha point or of Issue was as disarmament and the thene ne news s dispatches I discovery discovery discovery ery of hidden supplies ol ot arms In Germany wel e cry tery 01 disturbing Almost at tho the same sarno tarn tine Inc these disquieting cables wel were e coming from the other side aide discussion n as asto asto asto to the ho tench rench war ar debt to the tho United States broke out In con con- congress con congress gress rot For a long time this sub sub- subject sub subject has been d dormant Suddenly It took on fresh life th the thenet thenet thenet net result of making makin very plain not only the sentiment ent in both bothI houses of ot congress but bit of the administration that It was as high time the French got gO made some seine mote o toward to caring for th this obligation eve eves though terms were ere made sery ier er lenient Press from Washing Washing- Washington Washington ton went scent ent so o far as tj ti that the United States gOHrn- gOHrn got ment ern- ern ment would look with lIh or dl fa upon lily any further new private lons to Fiance or to French In- In Industrial industrial In Industrial enterprises unless negotiations negotiations as to the th sat wai debt Jett were ere promptly pron Initiated It Is no won won- wonder won wonder der del that the market C fur tor r french bon bonds s turned weak eak D BO DS BO DROP U CK To make a n bad bd matter worse OrSe wor ethe the syndicate which had placed the nets v French CW Ii I I- I support and the bonds which had gone to a 0 premium of or nearly a poInt directly after they first were ner ere offered dropped baric back al- al almost al almost most original three points lout flom the he inal price In Itself this was nothing unusual A slump lu in the market tor for a new bo bond id Issue often folio follows s the release of ot the tho thoS S syndicate members trim frim their obligations It nothing as to the merits of the But taken laken In connection 0 Ith all syndicate cate these othel othet matters matter t tro r S syndi- syndi cate dissolution came at a most unfortunate time After the thc holiday with Its op- op op opportunity for calm reflection |
