Business & Finance: Wall Street Farmer

One morning last week in a modest Manhattan office at No. 31 Nassau St. subscription books were opened for a $180,000,000 bond issue. By the afternoon of the next day the issue was sold, the books closed. With the same absence of fanfare, Charles R. Dunn, fiscal agent for the twelve Federal Land Banks, disposed of a $100,000,000 issue last December, one of $239,000,000 last June, another of $162,000,000 a year ago. Last week's offering brought the total of Federal Land Bank financing for the past twelve months to $681,000,000—largest non-Treasury fiscal operation...

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