Financial Notes
INVESTMENT RESOURCES.
AFTI.,:R a considerable pause there has been a resumption during the past week of public flotations of new capital of the Trustee type. Sunderland led the way with an offer of 3 per cent. stock at the price of ON, the issue being quickly over-subscribed. Brighton Corporation followed quickly with an offer of £500,000 in 8 per cent. stock at the price of 101, and at the Moment of writing the market is anticipating an issue ere long of a loan for Essex County. Notwithstanding the fairly high price at which the Brighton Corporation Stock was offered, that loan as well as the Sunderland issue was over-subscribed within a few moments of the opening oft he lists. It would seem, therefore, that investment resources which have been held up pending new capital flotations are once again very large, so that, given favourable market conditions, we are likely to see a number of new capital flotations in the near future.
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