LOANS IN LONDON.
HEAVY FLOTATIONS THIS YEAR (Received Sunday, 5.5 p.m.; LONDON, August 11. A general holiday slackness is noticeable on the Stock Exchange, and a revival of activity is not expected before the end of September. Gilt-edged securities, despite the tendency for less easy monetary conditions, show a firm undertone, and Colonials arc in good request. The last Commonwealth loan has hardened as was expected, and is now quoted at one-eighth premium. In these circumstances, the market, as one financial paper pointe out, would welcome new loans, and it is highly probable that several large new gilt-edgeds will be floated before the end of the year. In this connection it is interesting to dote that there has been groat activity in new loan flotations this year. The Midland Bank has published statistics showing that new capital issues for the seven months to July 31, excluding British Government loans amounted to £244,436,000, compared with £194,588,000 for the same period of 1927, and £158,365,000 in 1926. Of this year’s total, roughly 333 millions went to foreign countries, sixty-nine millions to various parts of the Empire and 140 millions for the United Kingdom.—(Australian Press Association.)
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Bibliographic details
Wairarapa Age, 13 August 1928, Page 5
Word Count
193LOANS IN LONDON. Wairarapa Age, 13 August 1928, Page 5
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