FLOOD OF BONDS.
RECORD WEEK IN U.S.A. N.S.W. ISSUE OVERSUBSCRIBED. (BT CABUt—FRKS3 ASSOCIAnON—COrTRtaHT..' (ACSTBALIAS AND H.Z. CABLE ASSOCIATION.) .NEW YORK, February 2. The wavo of financing through new bond issues, without precedence in peace times, which has swept Wall street since the first of the year, seems certain to make the- present week the greatest in financial history. For floating new issues, nornmlly 100,000.000 dollars of new bond issues is considered a heavy week, but already this week nearly 262.000,000 dollars worth have been offered, while prospective issues arc expected to bring the total to over 300.000.000 dollars, which would be 75,000.000 dollars in excess of all previous records. Approximately 900.000.000 dollars worth of new bonds haro been floated since January Ist.
Tho Equitable Trust Company, Harris, Forbes, and Company, tho, First National Corporation of Boston, and Eastabrook and Company announce that tho 25.000,000 dollars New South Wales bonds were largely oversubscribed. Tho books opened and closed simultaneously at 10 o'olock this morning. The bonds are dated as February let, and immediate trading brought tho bonds at 90}.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19270204.2.93
Bibliographic details
Press, Volume LXIII, Issue 18917, 4 February 1927, Page 11
Word Count
178FLOOD OF BONDS. Press, Volume LXIII, Issue 18917, 4 February 1927, Page 11
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.