ENORMOUS LENDING.
BY U.S.A. CAPITALISTS. 198 Million Dollars in Week. (Received April 10 at 5.5 p.m.) NEW YORK, April 9. Extraordinary wide financing in the local market continues. The new bond offerings during the week ending to-day (Saturday) totalled 192,870,000 dollars, of which one hundred million dollars is a Farm Bank Loan, 48,819,000 dollars comprise foreign loans, 18,976,000 dollars State and municipal loans, 16.950,000 dollars public utilities loans, 62,250,000 dollars industrial, and 1,575,000 railways loans. The plentitude of capital, moreover, is emphasised on every hand, and next week’s finuancing promises to be very large, so that the keenest competition is certain to be maintained. A thirty million dollar loan, which is a City of Milan (Italy) issue is being bid for by twenty banking houses. The rates for foreign loans continue high. Czecho-Slovakia is paying in excess of seven per cent, for a twenty million dollars loam
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Grey River Argus, 11 April 1927, Page 5
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147ENORMOUS LENDING. Grey River Argus, 11 April 1927, Page 5
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