The Brunswick news., 1908-05-12
MONEY NOW READY
FOR RAILROAD
LINES
ALL THE CAPITAL NEEDED BY
THEM WILL BE FURNISHED.
INVESTMENT DEMAND is QUITE
BRISK.

New York. May l1.-Consideration
of the Improvements in the invest
ment situation, as it favors the plans
for new financing of the railroad cor
poration, continued to dominate spec
ulative sentiment in the securities
market last week There was addi-
,ional evidence that supplies of capi-
tai will be forthcoming en- good secur-
ity to finance the requirements OF the
railroads, and obyiate the embarrass-
Iments they have been under to carry
, on work necessary to the successful
conduct of their business.
The promised relief from this dia'
Guilty is of such Importance that it hes
served to override the effect OF some
of the developments Of a less favara-
Dle nature from the side of business
and industry The allctments on sub
scriptions to the Pennsylvania $40
100000 consolidated four per cent
bon Is, showed an oversubscription
twenty times, both in New York and
| London After due allowance for the
high security of the bond the attrac.
J tive investment basis on which it was
I offered and the premium bid over the
allotment price before the bids were
closed which prompted bidders to
send in oyersuhscriptiens to secure
the amoung they really wanted the
! transaction was regarded as striking
testimony to the recupration OF capi
tai supplies
The quick resale by the underwrt
ing syndicate. at a good profit. Of the
| lnterborough notes was corroboratiye
| evidence SO also was the price real
lied for nearly $l00OO0o0 New York
revenue bonds The demand for ax
isting bonds at the stock exchange
and through bond houses broadened
moderately al the same time Th1
coming Union Pacific bond issue is
awaited with interest on this account
as an additional test Of the stability
Of the Improvement
The conspicuous place held by the
! Hartman Pacific in the stock marllet
movement, and the large centralized
opera ions by houses usually employ
! ed by interests largely concerned In
those companies. created an impress
sion that the rise in stocks was fos
tered by hose interests with a view
to improving conditions for the pend
ing Union Pacific loan A benevolent
control Of the market by the great
banking and financial interests. IN con
cert, was supposed to be eYercisaa
Dasly for the nurnoee ~ f,ntbaein q
proposed nav GnanciaI iss,,oe nort,,,
with "a " 49 ala ,n r.otc,;,o ,,or
eraI oonGdoqca 81 tbo e,,a,oso1 .;+,,.
i'on and partl, rror, ~ oo,y,ot,o,
H,,i cordiii4ne bea ,,a.d .,,r,
oion+lv from ~ dieo,lo,. oe tba ena,.
cial cri.is to nol1 fc,. roodi,..tr.a.,4
of vaines If sccarstios =. ~ hos,s u
,,..a.,,,,.. - ~ p''s'S
An ir,o.rta,4 faotor l., e,,-4,,o.,,,.
mic ,io,,, ,ras 49,. aa,,a, a,,.,
oniciale ~ hri,.inr ahant -5aa -
in tho r,,os far f,.a,a,,p -.
Isvfcrdod o5,nro,.rraoa ,,.oa. .,3
ltb.s on9 an3 ~ nrniao. ,,a. 49,
ted as . rncasear,. etor II ,iau oe ~
gbrinEaoo Il tra9c ma ~ .,hs3a,,.. M
70 an adoo,a,o ,aa,,atie., o....z,....
oost e. ,paot ne shrini,oaa Il + ''''''
| rho noIicv ~ rato a,,,..,moao oa,,,, =
for oritiois,,, n,,5 ara,.;,io 80 - :,
ap,onr ehinners h,,t s,.@,,, sar,n -, 0,' ~
raiIrao1 oaiaii ~ t,a,,,,, ,o'" ~ '''e - ~