Complete Lack of Desire to Subscribe Evident London, Aug. 28.
The London money market is inclined to regard with dim dence today's announcement that Italy has empowered the issue of treasury [bonds in foreign currencies and for-Jcign markets. "It is pointed out that the diMcully of making such an issue Jat present is great, owing to the low state of Italy's credit, and it is emphasized that any success Is likely be due solely to the patriotism of Mahan nationals resident abroad.
The money market proper affirms complete lack of desire to subscribe to the proposed bonds, interest on which is variously rumoured at five and six per cent, and suggests the only possibility is that outside finanders may be tempted to deal in them. Mahan financiers in London are stated to have hinted that the first fatiempt at flotation of the bonds is Ukely to take place this autumn, in New York, after which London is! the most likely venue—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.