Show RUSSIA ARRANGES NEW LOAN german banks will advance with which tp build new navy london august 30 the correspondent of the dally telegraph at st petersburg sends the following dispatch the finance ministry has practically arranged with german bankers tor a new loan of coubles roubles approximately at a higher rate of interest than that on the last loan only minor details remain to bo settled and the date of issue is not stated but it is not likely that the loan will be floated until after the fall of port arthur at first it was intended to wait the spring as gold Is not yet needed but various motives including a desire to spoil the market tor japan induced the ministry to close with the german offer reserving to itself the choice as to the time of the issue of the loan which it la expected will be countries the admiralty under the supervision of its chief admiral avellan and grande duke alexis the high admiral had drawn up a contract for the rebuilding of the navy but no ru steps are possible unless the minister of finance Is able to arrange the matter of waya and means |