23 FEBRUARY 1929, Page 47

NEW CAPITAL ACTIVITY.

Not the least interesting feature of the situation is that notwithstanding the setback in existing securities, the activity in new capital creations continues, a good response being given to most of the flotations. Thus, to take two examples of a different character, the English portion of the Roumanian - Loan, although for the fairly large total of £2,000,000, was oversubscribed, while in the case of the Deeca Record Company which offered £1,000,000 in Ordinary shares there was a great rush of subscriptions, and the lists were closed within a few minutes of the opening.