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Show I MONEY FOR THE I FOREIGN LOAN B Ne-w York, Sept. 20. Munitions of B -war will not bo allowed to block the B proposed big credit loan to Great Brit- Hj aln and France; nor will the $600,000,- H 000 or $800,000,000 to be obtained be H locked up at once in a New York H treasure chest, according to a consen- B sus of opinion today of those in close H touch with negotiations for raising Hj the money. HJ Exports of munitions, it was estl- H mated, constitute considerably less H than 25 per cent of the total value B of American shipments to Great Brlt- H ain and France. Leaving them out H of the calculation, if provision bo j made (or the shipment of soil prod- H ucts and the chief manufactured ar- K tides, it will, in the opinion of the B1 bankers, become stabilized. If would j not be difficult then to find a mcth- ' cd of paying for munitions, if it were H necessary to adopt a different meth- K od, it is believed. Gold or Ameri- H can securities, or both, or even some B other method of payment, could be H arranged. B On this point the Anglo-French B commission was said tonight to be B substantially in accord with the views B of their American associates. The B commission is reported to have taken H the attitude that their first task was B to stabilize exchange; and that the B matter of. paying for munitions, which B was said recently to have become a B question of considerable variance of B opinion, is to be subordinated to B It was reported tonight on good au- M thority that the tentative proposals i now up for adoption provide for in- M stallment subscriptions to the loan 1. n the part of the guarantors, such in- i stallments to bo paid as necessity H arises for the use of funds. H Payable In Installments. ' In some quarters it was assumed fl that the sum each bank should pledge i would be payable In four equal in- H stallments , subject to call and that H bonds would be issued as each in- M stallment was paid. In this man- H ner the commission would avoid the fl payment of interest on the entire loan B long before all the funds were needed. M oo M ITALIAN VOLCANOES ACTIVE. H Paris, Sept. 20, 4:50 a. m. Mul- H tiple eruptions of the Italian volcanoes H 1 are now occurring says a dispatch from Rome. Vesuvis, Etna, and Stromboll are all active, a singular phenomena never before Tecorded. None of the eruptions however, Is of a character to cause alarm |