New Issue Flood.

Source :: BusinessWeek; 6/29/1946, Issue 878, p52-54, 3p
Publication Year :: 1946
Abstract: The article offers information about bond issues market of the U.S. depicting a huge gain which is significant as stock offerings are coming to front. It states that many 1946 bond and preferred stock offerings like last decade represent straight refunding operations which are designed to replace old issues. It reveals that pricing factors have had no impact on corporate borrowers and has also resulted in certain amount of congestion in new issues market.