NEW CAPITAL ACTIVITY.
One result, of course, of this high level of Trustee Stocks has been to encourage the investor to turn to the more spzeu- (Continued on page 1052.)
(Continued front page 1050.)
lative markets, and it will be noted that while there has been a slackening in the demand for new issues of the trustee type, almost every industrial and semi-speculative issue is rushed after by the premium-hunter. With almost wearying monotony we find that subscription lists for issues of this character are closed within five minutes of the opening. In fact, the premium-hunter is so much in evidence in the matter of these new issues that for the lists to close at 9.80 instead of 9.5 scents to be quite sufficient to occasion with- drawals of applications by the " stags."