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Show RUSSIA NEGOTIATES ami loan New York Concern Arranges Ar-ranges Additional Advance for War Purposes. XEW YORK, Nov. 4. The completion comple-tion of negotiations with the Russian government for a $50,000,000 five-year 5 U per cent loan by a banking syndicate syndi-cate headed by the National City company, com-pany, wtiich is controlled by t lie National Na-tional City bank, brings tho total borrowings bor-rowings hero of foreign countries, with the exception of .Sou th America, to more than $,000,000,000. Negotiations for tho present Russian loan covered a period ol! more tha n three months and at one time, it is said, a loan of as high as $150,01)0,000 was considered by American hankers. The 1 former Russian loan established a credit in this country for $50, 000,000, which was to run for three years. Simultaneously Simul-taneously the Russian government established es-tablished in Petrograd a credit of 150,-I 150,-I 000,000 rubles in favor of the banking proup at a fixed ratio of three rubles to . $1. '; Part of the present loan, It Is understood, under-stood, will be used in paying for a portion por-tion of $50 000,000 railroad equipment order placed with American manufacturers manufac-turers about two months ago. Associated with tho National City company in the negotiations are J. P. Morgan, the Guarantee Trust company, Kidder, Peabody & Co., and Lee Hig-ginaou Hig-ginaou & Co. The loan will be a direct obligation of the imperial Russian government. gov-ernment. Among Ihe details yet to be ; completed is tho price at which the loan will be offered to the public. The yield on the last loan was a little more than G y, per cent. |