Salt Lake Telegram | 1922-05-15 | Page 12 | Bond Demand Still Immense

T Bond Demand Still Immense . ' By Ira C. Tichnor TIE sbtiorption of the Amoricsn invpHting public till failn to dutplajr the nliiclitont nign of diminution, rPKardlm of th hundreda of millions of dolUra of n-w iwuiea that have bfn taken thua far during the prmpiit year. Laat wk th public offrlD of nw boncla In the Nw York mrkt xcatid I1U.0OO0O0. ua crmpar.d wlih approxlmnloljr 1110.000,000 durlns th prrrtlng k ami lh yra rrnrrl of nppn.ilmataly J4(I.0(W).(I00 In tha laat wvk of April. A remarkablp fit-H in (hat nil of the principal laaura conllnua ti ha haavlly ovarauha. rlb1 The prinrlpal offering laat wak waa thr 175.000.00(1 Uaue of forlarml farm land bank txmda. Thla laaua waa. a prevloualy ataled. heavily orvraubarrlln-d. Thf buhila. In fart, van In auch reat dfniand that un additional allotment of 4fHif.oo waa mlr to a hanklnr ayndl.i- by the VnU'd Stalea treaaury of land bunk bonda which tha treaaury prevloualy had boilirht. and thc, In turn. re aold ! Ih public. It la atnted that the onlera fc.r the 1 md bank bonda carne from fV.Ty atate In the I'nlon In a preaa r.-U. w of tin- bond market equation It l declared that appnnntly there In Kill n plethnr.i of money aviillal.le for Inveatment. Savrral re.vona are tie.-rlh.d for tlil" "ue I the abiindme of (Hd. tlv (old reat-rv of the federal rcacrve ayatem croaalng the H.OOO.OoO.U'Hl mark th flrat tlma In.t week Another la lower prlri-a. which reaillla In leaa money being needed for htialnena credit requlrem. nla. thereliy releaalnf lnr;er auma for Inveatmetit. A third la the comparatively alight demand upon l.anka for loans for bualneea eipanalon, especially for foreign trade, reaulting In bank fundi finding their way Into the Inveatment market. A fourth la that Intereat being paid on foreign and government loana floated during the war la being Inreated In new aecurlllea. One of the moat favorable clrcumatancea In connection with the taking of new bond laauea la that only a very amall percentage of the bonda have found (heir way back Into the market, even after n goodly advance, allowing that tha original purchaae waa purely an Inveatment and not a speculation.