| Show M Means ans Continued Prosperity By Ira C. C Tichenor ONE NE of the most important and encouraging signs of the tile times is the t le immense increase in corporation financing Last month alone the new issues of railroad industrial and public utility corporations corporations cor cor- aggregated more than as compared with i about In September of ot last year ear There was little railroad financing In September as might have been expected under conditions now affecting the railway companies and the 1 I new flew issues were restricted to something more than It is an anini anin i fact in connection with these issues which were put out by two i companies that they were sold to two banking houses bouses and were not publicly j offered As to the various big industrial concerns a few exam examples pI will Indicate tle extent of ot recent financing Union Oil stock Atlantic Refining i In ing company In cumulative e preferred 7 per pel cent stock Port Lobos Petroleum 10 per pel cent stock AJax Rubber company D B. B F. F Goodrich company 7 per cent preferred Goodyear Tire and Rubber company per cent stock The issuing of ot large arge amounts of ot new stock by Industrial companies not only speaks peaks well for the financial position and earning power of ot the companies companies com corn panics affected but also an Indefinite era of ot prosperity for tor the he issuing com corn panics In addition the proven ability of ot the companies to sell stock to the public pub pub- lb lic for tor expansion and refunding purposes not only reflects confidence in the soundness roundness of ot the financial position of ot the companies concerned and their future possibilities but indicates the ability of ot the Investing public to absorb an an unlimited quantity of securities of ot recognized value |
