Business: British & Irish Bonds

Were a caricaturist to sketch a situation that last week developed on the U. S. investment scene, he might show President E. H. H. Simmons of New York Stock Exchange as a headwaiter of a crowded restaurant, and Chairman Charles Hamilton Sabin of the Guaranty Co. as a caterer serving with his own hands a new dish to his gabbling, gobbling customers.

Mr. Simmons as head of the Exchange suddenly announced the listing of the Kingdom of Great Britain & Northern Ireland 4% bonds and Mr. Sabin's investment company was already prepared to sell...