Business: German City Bonds

The city of Cologne recently obtained $10,000,000 through a 6½% twenty-five year bond issue, floated by a New York banking syndicate headed by Blair & Co. Principal and interest are payable in New York City in U. S. gold coin. The issue in regular course was listed on the New York Curb Market.

Mr. Zimmerman of Zimmerman & Forshay, who is Chairman of the American Association of Holders of German Mark Securities, at once wrote a letter of protest to the Curb Association about the matter. He and his fellow members of the A....

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