Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-12-18
NEW BOND OFFERINGS
TOTAL S55,845,800
Last Weeks Figure Double
That Of Last Week in
November.
IBy Associated Press. \


NEW YORK, Dec l7.-N.w bond
offerings totaling s5J.Si5. 900. wcr.
made by local bankers last week as
compared with tn" previous weekly
total OF $4,000. Ooo. Last weeks nu-
ar" waS double that OF tn" las, week
In November The rcinvcstmcnt de-
inand has been particularly strong
and now and old bonds have been n
good demand. There has been u big
turnover Ira TIA" Liberty Issues. iailk-
ing institutions HAY" been sellers tor
IN" most part IN order 10 rails" cash
Tor disbursements made 10 tn" gov
eminent on December IL Among
IN" lhrr" buyers %: bonds have been
sellers for IN" most part in order I"
raise cash FOR disbursements made To
tho government on December Is
Among the larg" buyers have been
large corporations with good cash
surpiuscs on hand. when thcy d.sIrc
to invest
The 'crms Of tn" Cuban $50. 900. 900
loan. which has h""n authorized by
tn" state Department. are expected
70 be announced ia the near future.
and II is reported that TIA" successful
bidder for tn" loan will 10" known by
the middl" ~ next month Invita-
lions 10 bid ON a large external loan
Tor Argentine az" expected early next
year. after l"giSlativ" action on the
matter has been taken by In" new
government. Holland is preparing
{" refund its entire floating d"ht
80 ""0.000.0po gU!id.rs. and the Min
ls'cr ~ f!nauc" recently announced
ihat h" Is preparing bill authorize
INK the government to do TINS nuanC-
ing The n.w loan. according 70
cable adviccs, would be iasBcd ia In
S,a!!m'nts. and part Of 1t wIli h.. Of
Tered In the lm!t"d states Z ere. ~
an un!ssu"d balance IL J.! 900
guilGcrs Of the Dutch I.ast, lndlcs
loan. which VIII be held back. IA was
said. as the result OF the new nnanc-
ina.
Tho sharp rise In Sterling last
week has led To tn" belief tina, II
the new quotation holds there VIII
hc an Increased demand for standard
American railroad bonds from Eng
!!Sn investors wh" were large hold
"Th Of ihcS" securities Ia the past
he SItD.ur0.n" Of gpv'rurn.nt short
term notes offered December Is. w"r.
reported ov"rsUhscr, Dod at tn. cius.
Of Ia" week. Tn" tIop.oOo.D Vie
tory notes falling Gu. the same date
were not forthcoming for redemption
as promptly as Treasury officials had
desired. and rhcr. were no !nd!Ca-
lions what tn" total amount 81 tho
offerings In "nchanE" for the notes
would Toe. The bond market WAS ir-
regular during the weak win for
ei&n issues stronger. while railroad
liens were mixed. Liberties closed
weak
The principal Offering las, week
was 3l5,s6S.7oD OF Dunlop Tire and
Rubber CorpOrailou Of America.
twen'y-ycar per cent frs, mort
gag" and collateral convert bio COLA
| BOMBS offered at IS 10 yield $50.
| Oth"r large offerings wcrc ,la.o0n.-
600. thirtN'Scar ii-2 per cent rhi!!p-
pine government gold bonds. offered
at IS To yield i5-s. yIV.0uo. 600.
twcnty-ycar. : per cent mrs; mort
sag" sinking fund gold honGs Of
!crcd at a 2 10 yield 7.25. $4,000
200. thirty-ycar. > per cent Kansas
city joint stock land bank farm loan
bonds. offered at l03 10 Weld is2S
To per cent. $4,000. 900. thirty-ycar.
. per cen, Dallas Joint stock Hand
bank loan bonds offered at lO2l-,
to Yield so 70 , per cent. and So
100000. Observation-Disclosures. 5l-2 pcr
cent Ad!rondak Power and l.irh,
Corporation first and refuud.ng gold
bonds offered at 80 j-s to yield SIS
pcr cent.