NEW LOANS.
Already there are signs of preparations for activity in the matter of loan and capital creations in the near future. On
October 1st an amount generally estimated at anything from £70,000,000 to £90,000,000 in short-term Government obligations will mature and, though no announcement has been made, the market is quite prepared for some form of fresh Government borrowing. In more than one direction arrangements appear to have been made in the money market for the granting of fairly large credits to foreign countries, and, in addition, public flotations of some foreign loans are likely in the early autumn. In fact, there is already talk of the new Greek Loan coming in the month of October. In addition, it is probable that industrial flotations of a domestic character will be fairly numerous, while there is talk of further flotations of companies in connexion with greyhound racing.
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