Green Pastures

U.S. security underwriters were in such clover as they had not whiffed since the Big Blow hit Wall Street 16½ long years ago. The Securities & Exchange Commission reported this week: corporate stock and bond issues in 1945 shot up to $5.8 billion, almost double the 1944 total.

Most underwriting, cashing in on low interest rates and a sellers' market, was in refinancing ($4.6 billion, a record). But new-money issues, nearly zero in wartime, when the Government paid the freight, started popping forth as soon as peace came to Europe, were blossoming thick & fast going into 1946. As the...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!