Show A NEW DANGER our bonds coming back from london syndicate will have to rustle to keep our gold from back to john bull new york aug 9 A local paper save the of new united stales 4 per cent bonds sold abroad by the bel finont morgan bond syndicate itaco been delivered in london to tho individual subscribers and a goodly portion of them will start back at once or the united stance this is a new danger hie will have to face so long as the re to the bonds abroad only have interest bearing scrip in their possession calling or the delivery ol 01 bonds on august the syndicate wag in control ot alie situation as li 0 scrip could only sell contracts to deliver the bonds when released by alio syndicate mana fere in london the london price 0 the scrip lias been bielow alie new york price for the bonds for over two months and the holders cannot resist the temptation to cepoli ate sales tor future delivery in sew york considerable arbitrage business las also been done in tho bonds there have been small sales alius made aggregating in all about of bonds it Is understood in addition that negotiations leave been consummated for the sale of one block of of bonds A larce portion of these bonds will be shipped within a week the return of of the bonds to this country or one third of the entire amount placed abroad within a week following the actual delivery of the bonds in london is startling every bond which is oj here bv the foreign bond holders must be paid for cither in gold or a bill of and alie difficulty of controlling the foreign exchange market eo as to prevent c poris of gold is hed it is believed that portion it not alie better part of the bonds placed abroad will return to this country within a short period the reasons are very simple there is demand for uses hero beyond a mere investment atie banks contested eagerly for alie new bonda when chev were put out as they provide a much more profitable basis for circulation than alie 5 per cent bonds which were issued by the in the previous loans the banks throughout the country have im por tuned their new york correspondent U obtain lots of and of alie bonds the new york market of the bonds they can only bo ob bained in I ondon new york aej hai baen firven lie members ond syndicate that distribution hlll bo made today of per cent f the capital contributed for the operations of the syndicate this payment Is 30 per cent on account of alie principal and per cent on account of premium paid for alie bonds and leaves 30 per cent still dac it is understood anat this u ill be retained by tho of ditc syndicate until alie sterling exchange market reached a point which shall preclude the possibility of aurthur gold shipments this year alie london operations of tie syndicate were terminated yesterday by alie actual delivery of he bonds to the holders of the syndicates certificates |