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Show I Plentif ulness of Money Proven By ira C. Tichsnor OFFICIAL auuounfi'Mi'iit that I lie treasury's new offering of .4."()0 OfKl.OOO 4! per cent thirty ytur bomls had been viwr-suhscrihi viwr-suhscrihi l ly more than i, l.OllOUMHl.lMH). makiiir tin; subscriptions exceed $ 1 .."00.000,000. makes the Miecess of the new issue much greater than had been anllcl.aie,l cr the first report had Indicated. Proof of the existing nlcntlfiiltiei-a of mnney for Investment purpose ia Riven In the fact that of the mil.sc-i union... exceeding 11. SOU, "00, 0O0 about $1,400,000,000 represented rash B!il,.rription-., while the aubftcrlptlon-. to be piitl In treasury certificates re.lccma l,le lermher 15 next and In 4 v. per rent Victory notes total oniy about I 1 fi0.0lin.nnn. The rompara'lvciy small am-nnir of liie .iil,si't'ip'.lon to lie.p.it.l in theie exiarine; iroveinmrnl ol.liitation-. Is as nuich a -mrpi'iae as the immense tot.il of the each euh.criplli.i,. as it wan generally believed that holders of the treasury tertif.eaUa, to be paid w-iihin two months, and the Victory notes, which mature next year, would be only too flail to have nn opportunity of tradins them for the new I', per cent bonds, which are not redeemable until the expiration of twTnty-five years and .; not mature until thirty years It is expected, however, that in view of the announcement by the treasury department that aubsTlplions for which the treasury certificates and Victory notes .ire tendered In payment wilt be received nud allotments will be . made in full until October "1 will result In the material Increase in such ' subscriptions. It can readily be understood that t lie new offering of government bonds had the effect of reducing the new bond offering, of a general character last week, which dropped to HI.K.O.OUO. as compared with JTO.HOO.OOO the week before and IllS.ooo.OOO two weeks ago With the government loan out of the way.. It Is confidently expected that there will be a bin Increase in offerings of various kinds. Including a number' of foreign bonds. In fact, the active resumption of foreign financing was the principal feature of last week's market, outside of thn sovernnn nt loan, totaling $17,000 oon .,f the Jtl.joo.aoo ..ff. r. |