16 JUNE 1928, Page 30

RISE IN CORPORATION CREDIT.

It seems only the other day that I was commenting in these notes upon the fact that Corporation Stocks, which for some time past had keen offered to yield a full 5 per cent., were now taking the form of 41 per cents. at 99. Already, however, there are signs of an even higher standard being established, for during the past week we have had two Corporation issues offered almost at one and the same moment, namely, an issue of 21,000,000 by Doncaster in 4f per cents. at 99 and an issue by Norwich of 4f per cents. at 99i. In both instances the loans seem to have been thoroughly well covered.

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