New York, Nov. 18, Conferences are being held between American bankers and the Italian Debt Commission to prepare the way for the flotation of a $50,000,- 000 loan to Italy in the course of the next week or two.
Messrs. J. P. Morgan & Ca., who have already advanced another $50,- (000,000 to absorb exchange stal zation credit at present outstand are head of the underwriting Later.
Messrs. J. P. Morgan and Company head the group of American bunkers who have arranged $100,- 600,000 Joan to the Italian Government for the purpose of financially supporting restoration of a gold Approximately half of the Loan' will be used to withdraw the $50,000,000 credit which Mess J.P. Morgan and Company extend-fed to three. Ital lust June for the stabilization of the lira. The formal flotation of: the Loan has boi tentatively. fixed for November 20.—Reuter's American Service.
Text read from the printed page and cleaned; old type leaves the occasional error.