New-York tribune., 1919-06-03
Continue to Reap Harvest
and Offer as Low as
S93 for Notes That Sell
on the Exchange at Par
Official Warnings Vain
Holders Would Rather Deal
With Hawkers Than Face
Formalities at Il Bank

Victory Loan bond protiteers con-
,;,ued to reap golden harvest yes
.srdav at the expense of small bond
holders who sought ready money and
made no Investigation Of the worth of
their certificates.
Although the Victory issue was be-
ing quoted on the Stock Exchange at
above par during the day, hawkers
ubo purchased the bonds in pawnshops
and elsewhere were Offering as low as
ssS for the 500 denominations. That
q trip to the banks in the down town
district would save the sellers of bonds
the loss of s. or more on each bond
does not appear to interest them
An Investigator for The Tribune
who made inquiries as to the price
being paid for Victory Bonds in vari
Gus places offering to purchase bonds,
collected more crafty replies than spe
cihc information.
We'll have to see your bond first
Nas the answer usually given by the
6en behind the counters.
But what do You pay
Charge Slight Commission"
I'VE pay about par, but have to
Hlarge d slight commission and the
lost Of handling them," was the form
answer if the inquirer persisted.
The most exact information was OBJ
t,ired in a loan shou in Sixth Avenue.
4nere sign in the window announces
e 1t Liberty Bonds of all denominations
Dc purchased for cash. A woman in
( .irer offered to sell 500 bond.
+: Bring it in and we'll buy it, was
K invitation OF the salesman behind
Z counter.
What vii lyou pay men,"
Il vii ltell you when you or,ng it
vi will bring it in this afternoon
Can't YOU tell me how much you will
pay persisted the bondholder.
There was consultation between
Ef& and employer, after which the
Eymer returned.
Offers S95 for Bond
We'll pay YOU $50 for it if it is the
Nictory issue he said.
At that hour the Victory issue was
teing sold on the floor of the Stock
Exchange for $l0002. The reached a
S,w point OF Sa992 at one time during
the day, and close dat par
At a pawn shop in Thirty-ffth
Stree. It was announced that govern
Ment bonds were not handled. A
fccosted the inquirer on the street be
sore the place, however, and said that
l. handled them himself.
DO you want to sell yours?' he
sSked.
Can you take 500 bond off my
fands?" he was asked.
Certainly Give you the money
o-ght now" he said.
" hat are you paying" ."
III g'ye you S94 for it," he said,
1aachlng into his pocket as if to pro-
Ece the cash.
But THEY'RE being quoted at par,
aren't they
Hawker Gets Suspicious
es but there are certain costs and
commissions that have to come out Of
r you want to sell If you sell it
DOWNTOWN you won't get much more
t.an that by the time YOU get through" ;"
What are these costs?' persisted
.he seeker after information.
Say. you don't want to sell no bond.
haven't lime to bother with YOU an
swered the bond dealer as he walked
away.
Another bond dealer said that there
eere plenty of people VINO were willing
t" sacrifice from s. to $40 to sell their
hsods through independent dealers
gather than 90 through the formalitcs
o. selling their holdings at bank.
Warnings posted in the postoffices and
elsewhere, IN which bondholders are
told to beware Of such spectators, he
sad, did not injurc their business at
all.