22 OCTOBER 1932, Page 44

NEW CAPITAL ISSUES.

A feature of the week his been the success attending new issues of capital. As anticipated, allotment letters in the Two per Cent. Treasury Bonds showed-that the amount of n50,000,000 offered had been considerably over-subscribed, and the fact that even these Two per Cent. Bonds are dealt in at a small premium sufficiently expresses the firm tendency of high-class investment stocks. The Southern Railway Com- pany has announced an issue of Four per Cent. Redeemable Debenture Stock at the price of par and, whereas six months agp such an issue yielding only .4 .per cent-would haye been aq almost impossible proposition, there is a general expecta:. tion that the Stock will be over-subscribed. • A. W. K.