OCR Text |
Show RFC Makes A Profit Last February the State of Arkansas was experiencing 7me difficulty in satisfactorily 'disposing of highway bonds in :: ( amount of $136,330,557. The ixjarket, as the financiers would av, was listless. ii e RFC stepped into the picture and bought the entire ifsue. It has now disposed of all of the hands, except $14,140,- 000 worth, at a profit of $3,399,-295, $3,399,-295, wlhich is enough to interest an expert financier. The RFC has duplicated, in connection with these bonds, its re; ord with other bond issues. 1 The interstirug phase of the var-lious var-lious transactions is that the jpiofits have 'been taken (from the people wlho could have bought the bonds in the first I place. |