The herald., 1896-09-16
MARKETS OF THE WORLD
Local, Eastern and Foreign
Commercial Dealings
WALL STREET SPECULATION
Liberal Reforms Made by the Costa Rica
Government
WALL STREET SPECULATION
Money in Circulation During August
Items of Increase and Decrease.
Comparison with Year
Ago

Gustav Niederlein, the consul of Repub-
lica de Costa Rica at this port, 233 8.
Fourth street, Philadelphia, has issued
the following circular:
II have the honor to send you some in
teresting data from official communica-
tions Of the Costa Rica government just
received at this consulate. On August
IL the government of Costa Rica abolished
its tobacco monopoly, allowing free cul-
tivation of tobacco in the entire area of
the republic. This opens a new market
to American manufacturers for agricul
tural implements and tobacco machinery
and a new field for American enterprise
in tobacco growing. The cessation of
this monopoly opens also a valuable source
of supplies to the American tobacco man
ufacturers because the conditions and
qualities OF soil and climate of a large
part of Costa Rica are such that there can
be raised fine quality of tobacco equal
to any now raised In Cuba. This can be
readY sy IaTpes in the
Rica is located. In order to foster enter
prises. such as tobacco planting, raising
government of Costa Rica decided on the
SSth of last month to spend $4,000 every
year in Sp INCREASING proper Immigration Ct
to private initiative, but the government,
after an. interval of two years, pays to the
planter 1I,ll e for every immigrant introdueea by
and freight expenses for his equipment.
These inducements make it advisable for
Americans to own plantations in Costa
Rica, and cultivate thereon part of the
coffee. cocoa. bananas, sugar. etc.. wanted
IN the United States. 1t is we'll known
that Costa Rica coffee and bananas have
no rivals. In regard to the latter we no.
tice that since the Cuban revolution i'm
mense shipments have been made to New
Orleans and New York from over one hun
Nlo Mt a 4 INN on
along the railroad. 1t is reported that new
plantations are starting everywhere. The
crop, is from 500 to 500 punches per acre,
yielding so to 1S0 fruits apiece, sold to
American fruit companies at price on the
plantation of from SOC to 6Oc per BUNCH:
This gives venue St from $500 to SiSo
made one restriction In regard to immi-
grants in authorizing the executive power
to exclude the Chinese and other unde-
specified limits. The congress of Costa
Rica is also considering the abolition. of
the monopoly in alcohol and LIQUOR. which
also would open a new field for American
capital and enterprise"
Statistics of circulation show a net in
crease for the month of August amounting
increase was one Of Sis, 7O2 ,o52 IN gold coin,
and the next largest one of sl4,OSs 22S in
silver certicates t Is, There were ,Is also in
lars, 81, ,7Ol .9os in national bank notes and
SS5, ,9O6 in subsidiary silver. The decreases
comprised $5,445,S04 In United States notes,
IN treasury notes of 1890, and $425 SO in gold
certificates. The statement giving the
changes of money and bullion in the treas
ury shows decreases of $l2,s10,170 in gold
coin. $94 S44 in subsidiary silver. and $2.-
o72ois, in silver bullion. The Increases
included 81 ,2039l6 In STANDARD silver dol
lars. sl,O4s, ,00s in treasury notes Of 1890;
S., ,445.S .S04 in United States notes. 81 l8S. 9iS
in national bank notes. and 81 623 145 in
gold bullion. There .r -,y WAS as net decrease
AS compared with the eorresponding
date of last year there was a falling Off Of
over $64. .40O.0 900. Only three items showed
increases, namely silver certficates which
al bank notes, which showed a. gain of
over 81. 100000 and standard silver dol
lars. which showed a gain of little over
$S60,00O. The decreases comprised over
Subsidiary silver, over SlO, 100000 in gold
certificates, over $ls1no,ooo n treasury
notes, over s15 5000 90 in United States notes
and over $3S. 100, 900 in currency certificates.
The circulation per capita: based upon an
7l.645OOo, is put by the treasury experts
at S21.4S. This represents an increase of
30 cents for the month.--Bradstreets.