Blake Bros and City Loan and Claflin Stock Subscriptions
Blake Bros and Co secured a $100000 Minneapolis loan with a 30 year term at 4 percent. The city’s net debt must stay under 5 percent of assessed valuation. H B Claflin stock subscriptions likely surpassed expectations with $21 million subscribed of $3 million offered. Stock sold at par, bidding rose to 105 at yesterday’s market.
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