FALL IN PERU BONDS
ENORMOUS DROP IN PRICE QUOTATIONS IN AMERICA EVIDENCE BEFORE SENATE. BANK LOAN DISCLOSURES. \Unit*-d Press Association—By Klectric Telegraph Copyright.) Received 11.15 a.m to-dav. WASHINGTON, Feb. 27. Evidence that the National City Company had participated in a 15,000,600 dollars Peruvian loan in 1027 when it had on file communications from its representative in Peru saying several of the bond issues of that Government were in default was presented to-day to the Senate Banking Committee bv Mr. Hugh B. Baker, president of the company which is a stock affiliate of the National City Buna. Mr Baker testified that the National City Bank handled 5,000.000 dollars of Peruvian bonds wnxcli were sold to the public around 98 dollars and now were ■selling for seven and eight dollars.
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Hawera Star, Volume LII, 28 February 1933, Page 5
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128FALL IN PERU BONDS Hawera Star, Volume LII, 28 February 1933, Page 5
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