MANY NEW LOANS
AMERICAN OPERATIONS.
NEW FINANCIAL RECORDS. ASTONISHING FIGURES. (By Electric Telegraph.—Copyright.) Received February 3, 9.20 a.m. NEW YORK, Feb.. 2. A wave of financing through new bond issues without precedence _in peace times, which has swept Wall Street since the beginning of the year, seems certain to make the present week the greatest in financial history for the floating of new issues. Normally 100 million dollars of newbond issues is considered a heavy week, but already this week nearly. 262 millions worth lias been offered, while prospective issues are expected to bring the total to over 300 millions, which would be 75 millions in excess of all previous records. Approximately 900 million dollars worth of new bonds have been floated since January 1.
The Equitable Trust Company, Harris, Forbes and Company, the First National Corporation Company of Boston, and Eastabrook and Company announce issues of 25 million dollars. —A. and N.Z. cable.
NEW S*OUTH WALES BONDS
LARGELY OVER-SUBSCRIBED
Received February 3, 9.25 p.m. NEW YORK, Feb. 2.
The New South Wales bonds wera largely over-subscribed. The books were opened and closed simultaneously at 10 o’clock this morning. The bonds are dated as February 1. Immediate trading brought tlio bonds to 96$. — A. and N.Z. cable.
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Bibliographic details
Manawatu Standard, Volume XLVII, Issue 56, 3 February 1927, Page 7
Word Count
207MANY NEW LOANS Manawatu Standard, Volume XLVII, Issue 56, 3 February 1927, Page 7
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