Nineteen twenty-four will set a new high record in the issuance of new bonds. By Dec. 1, $2,127,823,688 of bonds had been issued, compared with $1,608,595,788 for the entire year of 1923, $1,675,131,561 for 1922, and $2,145,406,132 for 1921—previously the banner year for bonds. The present year, however, has seen on the average larger bond issues, since to Dec. 1 only 6,589 issues were sold, compared with 7,689 in 1923, 9,434 in 1922, and 7,227 in 1921.
One peculiar feature of the 1924 bond output is the large...