New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-07-13
TRADE AND FINANCE ABROAD.

While the Spanish Government is trying to bor-
row money. in order to face the extra expenses
caused by the Cuban war the latest instalment OF
the indemnity which Morocco agreed TO pay on ac-
count OF the troubles at Mola in very OPP
portuneIy The Spanish cruiser sla da Cuba af
called at Tangiers, and finally landed at Caiiz L.
Govern mn Only 5000 dnros were in gold and it
was noticed that large por6n OF sne silver aTo
for a long while underground
Although the Custom House receipts of the Do
mincan Repubc continue, In large proportion TO
serve as a guarantee to foreign capital especially
American. invested in the island since the cession
Of the rights Of the Dutch Company. new bonds
have been issued upon the Paris markets. Iney
are in s gold at s san H of
Domingo, has been very successful
The general exhibition at Turin, Italy for 1898.
promises to be a brilliant affair. despite the pess-
mistic news daily received In regard to the financial
and commercial situation OF the Peninsula The
Italians residing in all parts of the world have al
ready taken steps actively TO cooperate In the
that end have been formed at London. Marseilles.
and many other commercial cities In Europe and
America
The new Gillian Government which is to succeed
that presided over by Senior George Montt. whose
term Is ended will probably support the financial
measures recently proposed 10 the Sohefess' pu'
not yet voted upon. at the latest mall advices me
main features OF those measures are that foreign
banks wishing to establish agencies IN Chiii mHst
obtain permission from the President OF the IKE
public. and furnish full particuars reaye 70 ordigp
banking concern Is to be permitted 10 START IN ons
ness unless It has actually in It's safe ready cap-
tai amounting not less than 100000 pesos or dol
lars.
Tobacco cultivation had increased considerably IN
Belgium even before the breaking out Of the Cuban
war. which has interfered with the production of
the staple In the Spanish colony. According 10 the
Bulletin de rAgriculture" at Brussels. the iiscal
grown in Belgium amounted to 65.sS7633 In 1884, o.
59l in 1892. and s3.s22 $50 In 1884.
cable dispatch recently 10 the effect that the
Government of Paraguay had gwen authority 70
Its London Legation to enter into a project 70
float a new loan for the Republic was denied soon
after by another dispatch. Bu the latter ga not
explain the origin Of the ilcorrec; report whlch
frightened the bondholders OF Paraguay. Inc ex-
PLANTATION lay in the fact that President Eguzquza
had appointed by decree OF April %, 1850, flnan-
cial agent in London. in order 10 superintend the
execution Of the Law OF November 49, 1893. relative
to the payment OF the exterior debt. The appointed
agent is Senior don Jose Machain. brother OF
the Paraguayan Minister OF France and England
TIE Spanish budget presented al the end or last
month to the Cortes by the Minister Of Finance
Senior Navarro Reverter. shows a surplus OF 49,
900 900 Of pesetas about 100000 This refers, OF
course only to the ordinary budget. and demon
strates that the financial situation or Spar Is
rather hourshng, except for the expenses arising
from the in Cuba These are placed III the
columns Of the extraordinary contingencies senior
traordinary item OF u 600 900 pesos. dollars. for
increase In the naval forces OF the Kingdom