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This newspaper page contains 3 articles. Subscribers can read the full text of each article.
Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Nov 09, 1921
Page
20
Financial editor notes New York and Boston exchanges closed while bond houses stay active with new issues and heavy OTC business. He cites postwar high yields and a German mark drop foreshadowing indemnity default, with Disarmament Conference looming and international bankers eyeing Germany's stability.
Money begins to stimulate business and equity profits rise, boosting stocks. Sooner or later, however, stocks must reflect the credit improvement.
A public offering for 27.5 million dollars of Goodyear Tire & Rubber ten year 8 percent debenture sinking fund bonds will be made by a syndicate led by Dillon Read & Co. The issue, sold in May, will be offered around par with a 110 payoff for unrepaid bonds and a 150 percent net quick assets test before senior issues. The railroads seek ICC approval for control and new bond issues alongside the Goodyear plan.
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