The New York herald., 1869-07-07
THE iSTHMUS OF SUEZ.

From the Pail Mall Gazette June 2O.i

The Suez Canal and the Trade with CLinn.
From the Pail Mall Gazette June col
The visit OF the Viceroy obviously connected with
venent occasion for pointing out OF the results
which the great work OF M. Lesseps Is likely TO pro-
duce. No doubt next autumn, after the festival of
the inauguration, all the European papers viii Se
filled with detailed explanations or a matter which
as yet the greater part OF Europe seems to regard
thing only in ITS infancy. With the exception OF
France which is interested In the canal In its double
capacity OF proprietor and OF merchant who.
through IL, must come into the possession OF tao
whole trade of Egypt Austria B the only country
that mas s taken any practical steps IN ant.ci-
voidaOly produce in the relations Of Europe
with Asia, and more especially with China
and Japan. The government OF Vienna, perfectly
aware or the importance which the port OF Trieste
is about acquire, has sent an important expedition
to the chief places of Eastern ASIA with view to
inquire INTO the conditions of their trade well
to introduce sample OF Austrian manufactures into
the new markets. The result OF this expedition
must be, no doubt, OF great Importance for Austria,
aud It's return looked forward to with all the more
eagerness as the expedition Is believed TO have been
formed IN more satisfactory manner than might
have been expected or bureaucratic Austria IL
seems TO be composed OF several practical men OF
unquestlonable competence. No other continental
nation has as yet done any thing in this way although
the interests of all OF them are involved In this mat
ter and must, we fear turn to the disadvantage OF
England II 10 will not take any special steps IN ac-
cordance with the new circumstances, some OF which
we shall here indicate.
The impulse which the Suez Canal must give 20
the trade OF SPAIN Italy and Greece may be left out
OF view as being OF mere local interest In conse-
Quence OF the very nature OF the chief products or
those countries. But IT, also, we put aside France.
which will apply its commercial energies chiefly and
for the first time the development OF the Egyptian
trade we shall be obliged to admit that changes
likely to take place trade OF the rest OF Europe
will be very considerable indeed. Trieste, ODESSA.
Taganrog and the mouth OF the Danube must attain
IN few years an importance that they never pos
sessed before, and when might easily raise them In
some respects the rank of Marselles II not to that
OF Liverpoo or southampton. Presnmlng that TWO
parcels OF goods OF the same quality ana al e same
price consigned 10 Chlna tue one from lrleste or
Odessa, the other from London the FORMER VIII nave
all the advantages OF a considerably reduced freight,
and OF about ten To twelve days less travel. Such
conditions must inevitably benefit the productions
OF Austria, well as OF Russia, at the expense Of
England, Holland, and partly or France. TO Austria
and Russia may be added also a part OF Germany.
German factories. situated at distance OF about
eight to twelve hours by rail from Vienna, will OBJ
tain all tue advantages OF communication WIN
sailing down the Danube, the Black Sea, and the
Suez Canal, without any inconvenience or resnip-
ping or course, great advantages viii still DC ON
The side Of the best produce; but IN the trade VITA
Asia the price Is more looked to than the quality,
ana is very likely that this state OF things WIN con
tnue for long time. Moreover, II Is not at all pro-
bable that Germany the trade being established.
viii refrain from improving It's produce II the de-
mand suggests Improvement. -.
A lately published Russian report on the Chlna
trade states that whole Of tins trade, imports
aud exports included, reached the average sum 0;
$500 0OO O0Of. year, Of which the English snare IL
lOl3 900 OO0f ana that OF Russia only $4,000, ,OON
| loyeriand trade, via Sibera). Such a proportion
NAV easily be changed by the Suez Canal, and II IL
viii not be so soon chan red favor OF Russia II u.
| ar ali events, sure 10 be changed in avor of Ger
| many and Austria. In mater OF COTTON manuiac-
lures none or these countries can compete WIN Eiiy
land but both ol them can falry compete In cohi-
| mon wooen manufactures, III common clotl III
| cheap cutlery and cheap leather goods. German
cutlery has lost Its credit In England ana FRANCE
but 1t will still ind market III emma ana Japau
AS to the other productions above NAMED, therc can
| be no doubt that they VIII be welcomed in ASIA
since they lind a ready market IN England ltSell.
Russia can at THIS moment FURNISH Tor the Cnina
trade chiefly Two productlons-raw wool ana c0rn-
neither OF which OF value Tor the remose mar
kets; but we have no guarantee whatever tlat III .
few years large factories VIII not be established 10
convert the wool into tissues, ana steam fniS 10
convert corn INTO Our Doth or winch Will nnu Salc
in Eastern Asia. ii TINS has not been done hithertO
1t is probably owing 10 the TACT tnat these TISSUES
readily bought unground. In the south OF Russia the
whole trade ia in the hands not oi lazy hussiahs
but OF sharp Jews and Greeks, Who Ill the proSpecb
OF the China and Japan markets, Will easily under
stand the advantage OF converting corn ihto INC
lighter form of nour, and WOOL INTO tissues. AS Io
the workers ior the new wooen manalactOrles they
| may pe iound in Germany If not In Russia ITSELF
IL may be said that AL these changes VIII require
large amount OF captal but among tne jews anu
| Greeks in Russia there Is plenty oil money anu De-
sides it Ia well known that wherever good prone
| Is to be expected capital Is always 10 DC found
readily enough. =,
Ihe opinion prevalent in England that Russia has
no neet in the Black Sea Is exaggerated shorty
after the Crimean war Il large steam company WAS
established ana literally supported Dy the govern
ment. The steamers OF tins company may be seen
at London as well as at MaTseies. Moreover there
the Black Sea. But present ann Is not 80 much
to point out what the Suez Canal may DO Tor Russia.
AZ To point what IL Is likely TO do Tor Gernany
and Austria-as we lear at the expense Oh England