15 NOVEMBER 1930, Page 38

NEW ISSUE SUCCESSES.

Although the tendency of existing securities may have been uncertain, very general success has attended practically all the flotations of new issues of capital. .No more striking instance of this, perhaps, was afforded than in the case of the Union of South Africa Loan for 15,000,000. Although the Stock was offered at a price only giving a running yield to the investor of about £4 14s. 3d. per cent., the total applications appear to have been very little short of £70,000,000, and allotments were on so small a scale that the scrip rose at one time to over 1 premium.

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