New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-12-10
TRADE md FINANCE ABROAD.

The first consequences OF the impending NADIA
gascar war were easily 10 be foreseen. Inc great
financial organ In Paris. la Reforme Financiere'
announces, in fact that the Tananarive Govern
mcnt has already suspended. or rather stopped the
service OF the loan which it had contracted with
the Compton d. Escompte. The receipts OF the SIX
ports in Madagascar destined to furnish the
lG 96j francs necessary 10 cover the annuities OF
that loan never large enough to enect tne
payments and the Malagassy Government had to
rrovd, yearly for the balance. OF course 1t has
not taken. this time. the means to fulhl It's oohsa
tons.
There is a decrease in the receipts OF the Italian
'eabenss" a special tax upon certain products
From July to the end Of october this year this
tax has amounted 10 10000 lire N2.iOcv,, less
than FOR the corresponding period OF 1881
The "Boetln Official" Of san Salvador, published
recently a decree addressed by the Finance Minis
ter Of the Republic OF Salvador to the repre-
sentative Of a British company which had obtained
from the former President concession to oulld the
Santa Ana Railroad. The Minister declares the
Kelly contract" granted to the company 70 be
null ami void because the company has not com
pied with Articles II and V. which bound u 70
fu,hi within six months, certain hhshciai oo"sa
ions.
The new Government Of Salvador has abolished
the decree requiring the payment in gold OF 10
per cent on the importation duties II was ordered
that beginning on November !. 1894. these duties
could DE paid in silver at the legal rate OF eN-
change.
Venice is preparing to hold n grand international
Exposition Of Arts for year. 1t IS intended to
omen Il on April - 1886 and to close Il on October
p There Will be many important money prizes.
among them that OF the Venetian municipality.
H. D Ire S2 o0D and others Of 5000 lire each, offered
t,ruatona. Committee OF Reception and Awards
~ 2 be- composed ~ prominent representatives OF all
branches OF artistic culture
\ loan 81 s6co was contracted recently by the
Government Of Ecuador through the bank OF the
same country. This Is a small affair. but the man
ner Ia Vhirh IL has been arranged gives an idea
u ID, systematic mefhols employed In the financial
operations OK the Ecullorlan Government The loan
WIS contracted Al an annual Interest OF per cent
ami there wa granted the bank the control OF 50
per cent u the customs dues At Esmeralias until
December 81. lNai. FOR the payment or the loan.
IN influential paper OF MarselIlcs. France. in an
article about the decrclsc OF exports OF French
brandcs to the United States. gives good advice 10
its readers. who already had been warned by other
French newspapers OF the Charentes and other De-
partmcnt. which are large producers OF wine and
brIndes These papers are OF the opinion that the
falling of in the French exports Of cognacs 70
America ~ due mainly 10 the increased use OF
california whlskey ana brandy in the United
sttte I ne 'Sernaphore." ~ Marseilles. says:
"Our winc-gro ~ the Charentes are preparing
FOR Themselves a big deception II they rely only
upon he lowering 81 customs duties 10 regain in
the American market the place they have lost
Ar,cr cxtcnlod negotiations. the building of two
rev railroad lines across the Pyrenees has been
decided upon 10y the French and Spanish govern
monts. Work Is 10 begin first on the Spanish side
" the mountains. within 1--WE years; and both lines
viii be rnlshed within Ten years. after the dennve
approval If the convention by the Parliaments Of
hotl countries
While the pitiiul story OF the misery OF the
Sican lahorcrs and peasants Is still fresh in the
public memory. 1t Is gratifying to learn that a
step has been taken toward aeviating the suffer
ings OF the Scilian laboring classes. Through the
initiative Of the Agrarian Committee OF Modica,
near Syracuse. a congress viii be held 10 when
al the Chambers OF Commerce Of the island are
To be- invited. well rs the representatives, OF the
agrarian associations.
On January !. 1895 the total debt OF the Russian
Empire viii he sS2S72 CS rubles gold and 27it621.-
$50 rub,es in credit This is an Increase of about
375. rubles gold, and l97OoOOW rub.es credit,
as compared with the figures of January |. 1898.
These statements are furnished in the official re-
port recently published by the Ministry OF Finance
/ a. st Pctcrshurg. which gives also full details
relative To the conversions effected by the Russian
Treasury since 1889. and their results