During the first eight months of it required something more than $17,600,000 per day to finance the birth and the growth of U. S. industry. Total new financing up to Aug. 31 reached the figure of $4,231,847,000-money raised at the rate of a half billion a month or six billion a year. This figure included stocks, bonds and notes, but did not include real estate or municipal securities either in this country or Canada. Except for a comparatively small amount of financing by Canadian corporations and by...
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