Show DELAY l LA LAi LAos AN 1 i N U t T TN os N n T TO TOi i Originally Set for Feb 15 Stated That Issue Is Being Held Up for foi More Receptive Market Marke MarkeBy By United ted Press Pres Feb b 0 WASHINGTON WA I S Subnormal al c economic o o i ant all l business conditions S brough Ii lt about by Jr a Variety al ety of I war wat de' de developments ii aa cause caused I postponement lent of the th third d libert loan until about April 1 or later I Originally set f et for February 15 l I it was stated staled on ou high authority tod today y after conferences of high higl government heads head t that t the issue has been bel held up until a restoration restoration restoration restora restora- tion of normal conditions c n shall have ha-c brought a more receptive market That th the loan wh when n finally placed for sale will bear 4 per cent interest I appeared probable today Intense opposition opposition opposition op op- position of large banking interests t tc to attempting to sell Bell from three to six sip billion of bonds which it is expected 11 the loan ym viii carry at a lower rate rats was vas believed today to be forcing the hand of the government These causes brought the delay inthe ir it I the loan First Th The unprecedented transI transportation trans trans- Producers unable to tc I move their products suffered vast losses Congestion of commerce tended toward a general money stringency I FUEL SHORTAGE I j Second Second Fuel Fuel shortage with a five I days days' suspension of industry and six sis I workless Mondays Labor suffered I heavily in loss of wages manufacturers manufacturers suffered all shippers suffered I as is the right of way was given to coal and other shipments laid on sidings I Third Third Unexpected bad weather Two thirds of the congregational element element ele ele- ele- ele ment nent according to Liberty loan headquarters head head- quarters was lacking during Feb eb- eb mere uary People stayed indoors there was ras a minimum of mingling in public places daces Open air all speeches and even Indoor gatherings would have been sparsely attended Shortage of fuel accentuated this The value of outdoor outdoor out out- door ioor poster advertising etc would have ravo been of minimum effectiveness Fourth Fourth Extensive Extensive profiteering and andin in inflated cost of bare living reduced to the he lowest ebb in years rears the spending power of the small consumer the consumer the theman man nan in the street Added to these factors factor powerful elements in the financial world have brought sought pressure for a higher interest rate ate on loans secured b- b Liberty I bonds from 4 to 4 per cent Any widespread adoption of this private It bank anki g g rate it is believed would absolutely force a 4 per per cent rate an on the third issue Otherwise purchasers purchasers pur pur- chasers borrowing fun funds s to buy bonds would could face one-half one per Cent tent loss on their heir investment |