London, Oct. 13.
The British portion of the German Joan of 12,000,000 is being underwritten in 7 per cent. 25-year sinl ing fund bonds issued at 92. They will be" allotted as follows: 5 per cent. on application, 25 per cent. early in November," 30 per. cen:. early in December, and 32 per cent. early in January, Authoritative opinion at the: Stock: Exchange is that the loan will go Tike hot cakes.—Reuter.
New York, Oct. 13.
Financial quarters. believe that the German' loan will be heavily over-subscribed. It is stated that requests for allotments in the past week were overwhelming.
'An unconfirmed report says that 'a bunkers' group will pay Germany the rate of 87 for the bonds, which will be sold at 92, giving the syndicate a profit of $5,500,000. This, however, will, be largely swallowed up by. the expenses. of the flotation, but. the banks are content as they know that large profits can be made later with oth: financing following the German. Dond. issue. Te is- estimated that this will aggregate over $200,000,000 before the end of the year, a large amount of which would' be on account of German industries; While France is said to be negotiate ing a $150,000,000 loan, and Belgium needing money immediately Reuter.
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