Business: Borrowing Trouble?

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Foreign Loans. For the development of corporate and civic enterprises—largely waterpower, paper and cement activities—and to assist the stabilization of foreign currencies, U. S. bankers loaned to Europe and the Far East $1,318,700,000 for the ten months ending Oct. 31—more than was negotiated for the entire year of 1926. Wendell E. Thorne, financial expert of the Department of Commerce, who announced the total in Washington last week, forecasted that at the conclusion of this year U. S. loans abroad would aggregate $12,500,000,000. To Whom. To Germany was advanced $262,135,000—more than half of...