Show SECURITIES ES BUOYANT Russia Has So Far Avoided a Fian cial Crash St Petersburg Dec continued buoyant on the bourse to toda today da day p imperial 45 reaching 81 18 This sensational rise aroused the belief that it was due to the support of the Men lIen in with the re recently recently authorized short term notes 7 of which It is reported the have at last agreed to accept as satisfaction for the ma maturing maturing turing loan As the Imperial bank must upon demand pa pay in gold for the notes the 5 12 per cent discount is regarded as only a roundabout fashion of the government drawing on the Im Imperial penal banks gold reserve In the same way the remaInder of the authorized issue may be used to settle foreign obligations on the basis of an add addi additional Issue of paper money As the margins for tor the Issue of the latter are running low the papers sharply critIcise else cise the desperate e expedient The Molya Molva charges that it virtually marks a forced gold loan from the bank and presages a coming financIal crash |