Business: Oversubscribed

At modernistic Hotel George V in Paris, last week, representatives of nine nations and many international banking houses argued for 14 hours, telegraphed, telephoned across the sea. Due to unsettled markets the offering price of the German Government International 5½% Loan 1930 bonds was reduced from a pre-arranged 92 to an attractive 90. This was opposed by representatives of national treasuries; opposed also was the motion offered by Montagu Collet Norman, director of the Bank of England, that the U. S. banking group's commission be fixed...

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