New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-08-15
TRADE AND FINANCE ABROAD.

AT this time of great excitement on the American
wheat marke; it is interesting 10 call attention to
the influence exercised over the Europeaa cereal
markets by the new Siberian railway 1t Is yet
incomplete and far from reaching the Japan Sea
suii 1t has already helped this year in bringing
wheat from the fertile lands east of the Ura
Mountains. At Lbau. the eastern frontier Of
Germany, capitalists have formed a syndicate the
exclusive aim of which is to import into Germany
nrst, ana in other European countries aferward
wheat raised in Siberia These operations of the
sEndlcate are favored by the enormous production
OF the cereals and the cheapness of TRANSFORMATION
rhf wheat received by the Lbau syndicate comes
where climate is highly advantageous and the popu-
lation scarce SO that the production is much
production are very low The German Agrarian
Pbs u, WGaiehhe ahTousy the operations Of the
ment TO embarrass as much possible the impora-
ton into Germany OF immense quantities of Siberian
wheat
The Argentine Republic since its last financial
trouble Of some ten years ago has always been
anxious to maintain the recovered prestige OF its
financial integrity. The necessary funds to meet
abroad the obligatio contracted by the Federal
Government at Buenos Ayres are usually on hand
tine Minister Haa Recently paee IN poa
session of $500 600 In gold, wherewh to pay the due
immediate consequence of the announcement OF the
above facts was seen in rise on the Argentine
While greater attention is daily given In America
to the Condyke mines, the go.d-minng stocks Of
the Transvaal left rather quiet upon the ex-
changes in Europe. Still, the former rates are kept
up and no serious disturbance has been created by
the suicide Of Rarnato. 1t is confirmed that
the mines in the neghborhood of Jolannesb burg are
generally what they were represented to be-that
is well filed with vaua bic ore But the problem
to be solved. for the stockholders is the same as
has been ntinated, especially since the Jameson
raid, which put an end to the extraordinarily eX-
uayagant speculation about the mines. They are
to be worked now on their merits, which are
indeed very satisfactorily proven; but they have
TO be worked also according to strcter economy
and better admnstra ion than formerly
There is just now in Belgium big coal miners
strike. like the in progress in the United States.
On the other side of the Atlantic. in the mining
cred favorable sign of the times The miners.
suppose that this represents an increase of profit
increase. They strike then for an augmentation In
wages and the mne-owners ignoring whether or
not the present increase in the price of coal will
last, are in great doubt to the advsabty OF
increasing the workmen's pay. Moreover. the
miners do take sufficient account of the fact
that the expenses of working become greater rs
However it is expected that the miners and metal
lurgsts strike In Belgium will not last much
longer.
The Germans are not slow In taking advantage OF
the popularity they enjoy In Turkey, as a re-
suit OF the friendly attitude OF their Government
toward the Porte. 1t Is stated that the Deutsche
Bank Of Berlin intends to start at Constaninople
a branch office. which would be rival or the
"Banque Imperiale Ottomane ana secure Tor Ger,
man ca ptasts all the advantages formerly 0nered
, Inv the Turkish Government to French and British
money LENDERS and public works contractors