LOANS IN LONDON

Evening Post, Volume CV, Issue 23, 27 January 1923, Page 11

LOANS IN LONDON

'DOUBLE THE OUTPUT OF 1921.

Although issues of new securities in London during Ootobor fell to £29,939,----771, as against £40,862,112 in tho same month of 1921; new issues for the completed ten months of 1922 total more than double those of tho same period, of tho previous year (says the "New York Times"). For the ten months last year iho total was £551,712,538, ac compared with £248;741,676 in tho same period of 1921 and £428,291,231 in 1920. Of the new issues during 1922, £410,511,370 were domestic issues, as against £165,246,366 m 1921. £77,559,150 colonial, aa against £62.499,594, and £63,642,018 foreign, as against £20,995,716. Classifying the ten months' issues by the character of tho loan. £442,753,616 were Government issues, as against '£143,563,518 in 1921, £15,982,870" were municipal, as against £19,756,273. and £112,976,052 were railway and industrial, as against £85,421,885. It is noted with some .interest that the railway and industrial issues for the ten months in 1920 much exceeded those of 1922 the total of that period being £262,274,702. The largest group of last year's industrial issues waa for the railways, in behalf of which wore placed £21|812,627 as securities, comparing with £1,038,500 in 1921. Next, to tho "railways cable seourti_p,s of shipping companies, followed by oil companies, by commercial aj)d industrial, and by coal, iron, and steel ipsuos. The ten months' total new security issues of 1922 exceed by £343,464,333 the corresponding period in 1913. oastrladl9,