London and Paris said Swamped with Bogus Scrip Paris, July 10.
Particulars concerning forged covered Inst week been made public. The false. Ger-French police, have just tifleates were go numerous that the London and Paris markets wore swamped with them and dealing in Paris had to. be stopped to prevent a panic, Each present market quotations, worth about 20,000 francs, oF. £250. Discovery of the affair was: made possible when it was found that ya. share certificate bear a number, some, 30, years ago.
banks and stockbrokers di covered many forged shares in thei possession. "Due. to the energetic action of the Suez Canal Ca,, the spurious notes were withdrawn a from the market, A number of arrests have been made.
Suly 11, Two Netherlanders who: have been arrested deny knowledge of the forgery and say they purchases the shares from a French broker and a German banker, neither of who can be traced." It appears than 1,000 forged certificates valued at 20,000,000 franes, were deposited with the Banque de Paris and the Banque des Pays Bas as security for a loan of 9,000,000 francs. The alleged swindlers are said to have Jost this money. in speculation. and to have asked the banks to sell some of the "shares" which, by: chance, in the Central District were. dice Two valuable pieces of property Boxed" on duly 1 "in" Messrs. [probability plans are under way for
Text read from the printed page and cleaned; old type leaves the occasional error.