Show MONEY IONEY IS WANTED Great Britain and Russia Are A to Raise liaise Loans JAn 28 SAn An official onI of the therel rel k who ho was interviewed today toda regarding the financial situation said In deciding to reduce the rate ly J per pel cent the bank was influenced by bythe the he large volume of discounts counts dl which are marks above aboe of last year yen 1 by bythe the heavy he y money demands of domestic business bu and by the unfavorable un Bv foreign f reign exchange rates More Moreover I over ovel Great G Britain will raise a big J war loan and we understand tand that Rue Rus Russia ala sia will make another effort to raise a aloan aloon aloan loan loon The pres nt rate rate of private discount d is abnormal not representing the ac tc actual actual condition of ot the money market ma I but caused by an artificial maneuver made to tu prepare the market for municipal loans a large volume of 0 which lies has hasI I been waiting for more favorable rable condi conditions tione Many cities wish money for electric lighting tin and traction plants plant J but the bank considers it advisable a to I restrict this borrowing to the limits of or I what Is really necessary A further rate reduction however Is 13 probable about April 7 The gold movement this month has hall been very v ry slight alight several millions having gone to England upon Russian account and the then has hils been an insignificant export to Holland The speculation last week was wall chiefly ch Uy in cOlliers which were very firm owing to the increasing coal famine Iron shares were ere also strong The govern goern government ment meat has ordered orde 9 1 freight caas ans rs Owing to 0 the rise rille of foreign ores and ocean freights German Gennan miners will raise the tho price of 0 ore 2 or 3 mark marks mark per ton for 1901 1001 delivery t The coke roke syndi syndicate cate is getting 24 4 marks for tor 1901 1901 as asi i Ill 16 for the Present The JAI government has hag sent lAO tons toi to of oC atcoal coal to Germany to experiment ex m m hi eok k king ing An advance adane In hi paper cotton and yarns has just been made The Deutsche Deutsch points out outto outto to 10 the that Germany would get the worst of a tariff war wiGi the United States State in view Ie of oC the fast fact Ca t that the United States Is 18 able to buy all AU lt present German imports import except t Rhine j wine white and German G books in other coun countries tries whereas Germany is dependent I the paper alleges upon American m modules cattle and swine itt iri view vl vl l ot of j which h the he present high duty therein Is absurd I |