New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-06
WAR LOANS ARRANGED.
RUSSIA TO GET $500, 900 900.
Japan Satisfied 7cith s5O.O00,OOO-
Half of Japanese Nay Come Here.

London, May Further inquiries show that
a japanese loan Of SJOOOoO10 viii he issued
next week. II will take the form Of seven year
per cent bonds. and the issue price will proba-
by be 93ie the security being a first mortgage
on the Japanese customs. The loan VIII b. is
sued simultaneously in New-York and London,
and Il was definitely arranged this afternoon
that one-half should go 10 the United states.
II is understood that Kuhn Loeb & Co. VIII
handle the loan in America. The Stock Exchange
put nominal premium OF 2. on the projected
loan this afternoon
NJ. Takahashi. the japanese financial agent in
London, says that the money viii not be sent TO
Japan. but viii be employed In paying the bal
ance Of trade. He adds that in his opinion no
other loan wiH be required by Japan before the
conclusion Of the wa-
Paris. May 5.-Financers connected with the
negotiations for a Russian loan give the follow
ing statement:
f. TaG 2 ani IS not a et sgqed byf i Is certain that
resenting French fn.tHcers. is now at st Peters
burg arranging tho details. II Is understood that
viii sell between IS and $50
A representative OF one Of the banks forming
the syndicate underwriting the loan said.
We consider the loan closed in principle. but
viii ne $50 a.. ~ and m yjesI, ne aiIl'
per cent for five years. The selling price
been taken. The French banks subscribing in
cIude the credit Lyonnais. Hottingucr a Co.
Banque de Itniou Francaise. NeurZe & Co,
Compton National d'Escompte. Heine < Co. the
Russo-C hinese Bank and many others 4
Der OF Belgian banks have also subscribed The
entire issue VIII be made At one time, and not in
three parts. s reported.
The main detail which NJ. Hottinguer is in St
Petersburg II arrange is the deIomina lions OF the
coupons. We do not wish higher coupon than
5000 : high denominations are incOuveuent TO
negotiate. The readiness with which the full
amount has been subscribed shows the Soliutty of
Russian credit. This is In contrast 10 the rates
bond after piedgns the customs whereas Russia
realizes over % on a per cent bond
The report from London that one-haIf OF the new
100000 japanese loan would be allotted 10 this
city and would be UNDERWATER by Kuhn. Loeb &
Co.. was virtually confirmed here yesterday II is
understood that nearly a dozen Of the principal
banks and banking houses OF the city will partici
pate in the loan. with Kuhn. Loeb & Co the
syndicate managers. Jacob II. Schin. head of the
firm Of Kuhn. Loeb K Co. is in London and is
supposed have arranged yesterday the details
OF the subscription
part Of the new Japanese loan suggests that the
funds will be allowed remain here 10 pay for
Japanese war supplies. II this proves 10 be the
will Of course. be a heavy curtallment,
gold from Japan in the near future Imports or
gold from that country In the last three months
have more than Offset the outflow from New-1 DIX
II h said that one of the provisions Of the loan
is that the Japanese government shall nave the
right TO retire the par at any time atter
three years from the date of issue
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