| Show I I I FOREIGN EXCHANGE SITUATION TANGlED BY ARABIC INCIDENT American Financiers Facing Possibility of Having to Fi Finance Fi- Fi flange nance Domestic Loan New ew York Au Aug 20 Misgivings O- O as asto asto asto to developments in this countr country's re relations relations re- re i lations with Germany German as th the result of ot the tho destruction of the Arabic Arable was tho the feature of ot the foreign exchange situation situation situation situa situa- tion toda today The possibility that AmerIcan American Amerlean Amer Amer- ican lean bankers might bo be called upon to finance a large larso domestic loan gave rise ito I Ito to ninny many rumors concerning tho the ne negotiations I o-I o now pending over o the flotation flotation flota flota- tion of a foreign n credit loan lonn or some other form torm of British credit there here We rc can well conceive of such a situation sit sit- situation was tho comment of one In International international In- In banker whose views were sought upon this point A report that negotiations for the flotation of ot a British credit loan lonn of fro from I to to pa pay for American supplies purchased b by foreign buyers buers had bc been n virtually suspended suspended suspended sus sus- W was wan H denied Financial representatives here of tho the allied powers while asserting that the situation had become complicated by reason reaf of the Arabic Incident re refrained reframed re- re framed from rein discussion of the thc prospect for tor placing the contemplated foreign loan as as' as dl did al also o. o domestic financiers 1 Aside from flOm the Arabic the feature of tho the da day in foreign exchange markets was the re reported decision of British I financiers and I treasury a r authorities t II to a send U it i HUI o ut u. three mi o co men from irom London to New York to arrange the thed d details of ot tho the projected loan Joan Their I arrival here It wa was said would be unanimously welcomed ell b by A American m n I bankers as an obviation ob of or the difficulties difficulties of or negotiating a loan of ot such large e proportions in these d days of or censored cen con sorell and delayed cables No more eminent financial authorities It was said could coul have o been found In London than Sir Edward Holden and anel Sir Felix Joell Schuster who It w was wasi ay rc reported probably probably ably would be two of or th three men It seemed definite settled tonight that ne negotiations would remain In abeyance until tho the Arrival here hero of or the deputation Dispatches from London stated staled that the tat date of lit their departure I might not be made public until their arrival al In New York and to this tho the I bankers hero here could could- not add It was I the general impression here herc however er I that the they might sail san on the St St. Louis which is due to leave lea Liverpool to to- to in morrow orrow I |
