Business & Finance: Sign of Life

Marketed last week, at record low interest rates for industrial bonds, was a Standard Oil Co. (N. J.) $50,000,000 issue of 15-year, 2¾% debentures and a$35,000,000 issue of serial notes yielding from 1¾% to 2½%. In early bidding the debentures jumped to a premium of 99½ (formal price was 99), while the notes (priced at 100) went to a premium of ½ point. Same day Crown Cork & Seal Co., Inc., sold $10,000,000 in 4½% debentures at 99. These offerings were the first sign of life in the capital market since U. S....

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