New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-10-23
TRADE AND FINANCE ABRO1D.

The brazilian rebellion will probably delay the
building of tie Nichteroy -Pernambuco railroad.
which voted recently by the commission APP
pointed by the Congress of Rio dc Janeiro The line
will skirt the Atlantic coast passing through six
States of the Republic. and connecting with the
smaller lines running into the interior OF the coun-
try. Express trains will travel at the rate Of 20
kilometres an hour. taking twenty-eight hours to
cover the 1000 kilometres which separate Pernam-
buco from Nichteroy. situated opposite the capital
on the other side of the Bay of Rio Janeiro. The
new railroad will shorten the voyage from Rio to
Lisbon or Bordeaux. which takes sixteen
days. and which would only take eight days If
Cadz were made as is intended. the port OF arrival
for the steamers of the brazilian transatlantic
lines
In 1895 the harbor Of Cronstadt in Russia viii
be closed to merchant vessels which will there
after be locked along a maritime canal just below
st. Petersburg. The commission over which Mr.
Ivastchenkow presides has decided that the new
port shall have depth OF twenty-five feet; the
cost is estimated at little more than l.eceo
rubles This port of ST. Petersburg will thus be
the central point for the unloading OF the coal
brought by sea. and Cor the loading Of cereals
wood and other articles of export At the same
time the Department Of Public Works is consd
erng the scheme proposed by Mr. kaneman for
building under the Neya a tunnel somewhat Ike
that under the Thames but having four stories or
rOduS LOT lTdinNdNS' ApoN Fd'HcHb'iH hH'
telegraph wires telephones. etc.
There are few Americans who invested money
in the Panama Canal enterprise: but those who di
so will be interested TO know that NJ. c. Lemar
quis, the counsel OF the bondholders. appointed by
the French Government. will soon begin the law
suits intended TO recover the money demanded
from several contractors. No expense Will be in
Cured by these lawsuits. since the Government
has granted to NJ Lemarquls the Assistance ju-
dicaire, that is an exemption from legal expenses
The suit will be opened as the Paris courts
reassemble after their usual summer vacation.
The American petroleum trade In China and Jap
Will have a serious competitor there II the Rus
sian Government carries out the scheme Of one Of
It's state engineers Mr. Batsevitch. for the exploit
alton OF the naphtha beds OF Sakhaine Island This
island off the Siberian coast. In the Okhotsk Sea
Is only short distance from Japan and china and
its naphtha is even superior in quality to tina, Of
the Caucasus. The Sakhaline product could easily
secure the Chinese market which in 1885.
sumed 100000 gallons Of petroleum. and in lSS9
100000. yearly Increase OF 2.vooSO gallons. 70
per cent Of which came from Russia ana the bal
ance from America. Moreover. the region Of the
Amoor consumes annually about 10000 pods OF
PETROLEUM. worth about 100000 gold rubes The
exploitation OF the Sakhaline oil would give
ployment thousands Of political and other
victs sent the island by the Russian Govern
ment. who are allowed to become colonists after
some years Of good behavior. But these men would
enrich themselves and find means OF escape from
their life prison. and tina: account the St Pc
ersburg authorities may be little disposed TO favor
the plan.
"The Official Gazette" OF Madrid published on
September a royal decree rc-establishing the Cen
cral Financial Superintendent OF the island Of
Cuba. and putting end to the privileges cnjoyca
in financial matters by the provincial governments
of the Great Antilla. sub-intenience has also
been created by the same Decree while the general
Treasury and the Debt Committees Of the island
are still kept up.
The harbcr OF La Ccba. in Honduras has been
raised the first rank OF ports by a decree pub
lishcd at Tegucgalpa on the nth Of August. Pub
lie opinion had been for long while in favor Of
this measure. which will be advantageous also to
American commerce. The trade in the district
around La Ceba quite sufficient to justify
the establishment there OF Il regular custom house.
and relieves commerce of the necessity Of passing
through the distant custom house OF Trujillo.