For construction, maintenance, refunding old debts, U. S. business needs money badly. Normal method of getting it is by selling stocks or bonds. But since last fall's market crash and the fiasco which resulted when the public refused to buy
$44,000,000 in new Pure Oil stock, underwriters have been lying low. As a result new corporate financing for the first quarter of 1938 amounted to only $111,000,000, a three-year low. That this jam could be broken was indicated by the successful disposal of two big bond issues, Appalachian Electric's $67,000,000 in February and...
To continue reading:
or
Log-In
