Do. Do. (continued)
THE SALE OF INDUSTRIAL SECURITIES (continued) I N the absence of strong intermediary agencies with machinery available for the investigation of industrial propositions and the organization requisite for the efficient marketing of their securities, the work of selecting profitable new
ventures, of capitalizing their prospects in terms of securities and of selling those securities to the public, falls mainly to the company promoter; while that of marketing further issues of existing companies is undertaken mainly by the companies themselves.