| Show i BANKERS AID i COFFEE AND TIRE BUYERS IRS They hey Wont Won't Lend Lendl Money I For Purpose of i ing Americans b N I- NEW EW YORK July Jul 30 30 4 prices which foreign n product ore ers are ar receiving for coffee and rubber are causing American American bank bank- sto sto- sto t the fhe purs' purs e strings 3 on loans Joans lo 10 o these industries Efforts of oC the state stat of oC Sao Paulo Brazir to 10 obtain a loan of ot 30 to S for coffee valorization have struck a snag in inWall Wall Street t and it is understood that any an financing which might be desired for tor rubber producing In in- In Industries In British colonies might also encounter difficulties Such loans In the view of or Am Am- American American Amerlean erlean bankers would be used u ed In infect effect pct to 10 maintain high prices price which American consumers am OrA row forced to pay The bankers' bankers policy Is 19 understood to b be In line with Ith the governments government's attitude ON OX LOiNS LOANS The state slate department has ai- ai ready rr-ady frowned upon possible loans I to some countries which have ha not nol yet vet funded their war debts to the United States Slates The Sao Soo Paulo was to t have been J secured r by 1 J fn coffee set t aside f In Brazilian z ware ware- warehouses ar I houses Bankers were w re to receive warrants warrant to sell certain mounts Amounts of coffee eMCee at stated elated periods to refund the he loan A representative 1 of oC Sao Paulo in tn N w York has learned ie Ilse 1 e states state's credit 3 is I good and that i It Is Is- quite possible that thai a 11 loan Joan loani i QuId could be for cor other put put- than holding g UP liP the price of ot cr cr There here rh re has been no Indication ot of s of or rubber producers to seek loans here bul but American lerlean man- man have been protesting vigorously against as lime he I restrictions of br output and nd discussion of these thes objections In the lime house of oC con com commons mons seems to Indicate that hat the restriction i policy polle will not not-be not not- be modi modi- modified fied it d for tOI the present I JUMPS J After A Iter the last Jast st coffee cortee security securely loan lean I Rn to Brazil for Cor about boul H OlO- OlO Ito floated In London n and New NewYork NewYork York in May Ma 1922 1921 J 9 the he price of coffee Jumped from ten cents Cent u II und pc-und to lo a 1 high palls I I of 24 4 t. t z c ciul lost last November Xo The price in April 1921 21 wax was 5 cents c nt It Is now no nol l 19 12 i e. e wide Vide fluctuations in price prill start starl- ed Oil e negotiations s for Clr Or- Or another loan Itt Brazil azil placed restrictions on n the theal amount amount- al' al of ot coffee roffe exported much muchas done on the time ex exportation ex- ex as f England teas las on of or o rubber 1 from Crom several severn I of time the colonies colon II's To protests or I Brazilian producers producer thai that America was boycotting bo them Secretary S I Hoover replied that the United Called States Stales ates always as maintained a free aid ad open market for tor foreign n buy buy- hUIS that Brazil wan teas and Intimated 01 eta IS s not nol doing so In regard to coffee coffet 00 on |
