The Washington times., 1922-05-10

copyright, 1879, Dy Cosmopolitan NEWS
Service.)
NEW YORK. May 1o.-A reflec-
ton OF the increasing public interest
in the bond market. and consequent
ly of q larger turn over both in the
listed and the unlisted market, is to
be seen in the published statement OF
bond sales in the New York Stock
Exchange for April. The sales last
month were the largest for any
similar period since November, 1904,
and the second largest in the history
OF the stock exchange. The aggre-
gate OF bond sales on the New York
Stock Exchange since the first of the
year was 81 28,890,250. compared to
81 .O70, ,S5S. $50 for the same period last
year: S1,404,S4S,0 ,030 in 1920; Sl,194,.
534,7 in 1919, and s51S, 900 in
1918.
Though there has been a large alb
sorption of foreign government and
corporation securities in our market
this year, the outstanding feature
has been the increasing activity In
domestic corporation bonds. some OF
which have been issued for the pur-
pose OF refunding issues already in
the market. and some for expansion
Of plants and factories.
In April, 1922, bond transactions on
/ the New York Stock Exchange az
gregated S446. .923, 900, compared with
S41S, ,49l 900 in March, and S?27.-
! 10000 in April. 1921. Daily average
sales were: Miscellaneous, $11 ,014.20S:
Liberty issues, S7.607.5S3; total all
bonds. slS.G21,79l: and all bonds
April. 1921. .14,246,333. Liberty loan
sales totaled S1S2 .5S2 900 In April.
1922. against $3.50, ,639. 900 in March
and s135, ,429, 900 in April. 1921.
Foreign dealings. French, Belgian.
British. colonial, and Canadian. were
S21 .727 900 in April, 1922. against
| S32, ,143 600 in March and s10.715.00c
! in April. 1921. British loans totaled
$G.58S 900 and interest on Canadian
! issues was above the average. The
two French issues totalcd s4,5ti 900.
with Department OF the Seine and
! municipal issues active. other
| European loans, Italian. Norwegian.
! Swedish. Swiss Dutch, and colonial,
Danish and various municipalities,
aggregated s17.771 900 against $l6,-
| l73. 900 the previous month and 81.
| 100, 900 in April last year. Czecho-
Slovak sales were s4.126 900. and the
two Dutch East Indies issues came to
! Sc. .G33 900.
Japanese issues in April. 1922.
! totaIed $4,118.000 against 50 ,JSC 600
! in March. and $3.50, 900 in AEril.
! 1921 Mexican issues We're 81 .649, 900
against S3859.o0o in March. and
| 81 $40 900 in April last year. Latin
/ American bonds aggregated IS, 40 900
! in April, 1929. against S7,4l4,0O0 in
! March and less than 81 900 600
year ago. Total OF all foreign and
! United States Government loans was
! S239. .294 900. Nr 53,5 per cent OF the
! months trading.
| In domestic corporation bonds
! s2OT .629. 600 were traded in during
April. against S175, 5,SO3.0 900 during
March and 73,o97 900 during April,
! 1927. Five most active issues were:
Missouri. Kansas and Texas adjust.
ment as. S7,59S.0 900: InterborO Rapid
Transit 5s, s9.32O. 900: New York
Central refunding 5's. S6.224, 900:
Paris-Iyons. Mediterranean G's. S.
| Sso. 900. and burlington collateral
| Joint Gi2's, 35.110,000.
J Today's new bond offerings aePre!
gated sl7 900. 900. OF which s6 500, 900
! are Industrial issues. $4,000 900 real
| estate mortgage. $4,000, 900 land
bank. and S2,0OO,O 900 municipal. The
principal offerings are as follows:
$4,000 900 first mortgage per cent
sinking fund gold bonds of Wither-
bee. Sherman & Co. dated May !,
1922, due 1914. at the price OF 9SH
! and accrued interest, to yield 6iS per
cent. The bonds are callable "a n
whole on any interest date at 1914.
or starting 1924. through the sinking
fund OF 100000 annually at 1O5 and
| interest.
$4,000 900 First Joint Stock Land
Bank Of Chicago per cent farm Joan
bonds dated May I. 1922. and due
May |. 1852 at 1884, to yield about
4 60 per cent to 1881 and 5 per cent
thereafter. They are as tax exempt
az the first Liberty loan avs per
cent bonds. and are the direct obIiga-
,ioDa Of the First Joint Stock Land