Show New York Banks to Aid German Sugar NEW YORK TORK July 28 Arrangements have bae been completed by a syndicate of New York banks headed by the Equitable Equit- Equit able Trust company to extend a credit of to the sugar ugar industry of Germany It was learned I aid will bo available for a a. period of six lx months during which the seasons season's crop can be moved and will tales take the forth form of discounting blue bills at a arate arate rate understood to be per cent celt The bills unusual in that their only security Is led by the she commodity corn com will be bv by sugar upon sugar companies and aid will be indorsed by prominent German Ocr Ger man banks Tie ite credit restricted t. t Ls the use of ofa a single industry is le the of its i kind lo if b be granted by bv bank bank- i kind lo if b be granted by bv bank bank- bankers ers era to G Germany although several i months ago another banking syndicate i extended credit of to the German lerman gold discount bank for general lads purposes |