New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-02-02
TRADE md FINANCE ABROAD.

Inc German special organ, the ..4u, =
scum, has published recently some statistics the
latest at hand from official records showing in
what direction German trade is spreading itself
and driving against British trade that competition
so often mentioned lately In English newspapers.
The figures given by 'HaudePs Museum refer ONLY
TO the external trade of Germany with the principal
countries OF the world during the wear 1887 The
more remarkable figures In the complete list and
ing that since I the impoPaoas f T95e Rnssa
nave increased by about go 100000 marks (25 cents
"a NJ me Increase In mportations from he United
States was nearly l75Cj0OJ0 marks; from Great
Switzerland, anu ""o"' i'0'0'0'0'' from
At Valparaiso Chill. meeting of the principal
merchants and capitalists was held recently 20 dis
cuss the formation of Spanish American and
ltatian bank The meeting succeeded In IT'S object
and the hank was organized. with a capital OF
o"oV0 pesos or dollars fully covered, and divided
In hfty thousand shares Of 100 pesos each. Twenty
per cent Of every share be paid when sub
scrlDing ana o per cent each month until full pay
ment is obtained. The bank was be opened Cd
January l. 1901 the office to be located at Nalpa
raise, With branch at Santiago. the capital city
of Chill. subsequent meeting arranged to
discuss the establishment of branches at Concep
cion and at 1quique
The concession by the Turkish Government to a
German company Of the Kofleh Bassora Railroad.
in Asia Minor, extending to the shores of the Per-
sian Gulf, is considered destined to work a
revolution in traffic transit between the Occdent
and the British Indies. The new line. is ex-
pected. will bring back the commerce of Europe
with India by its ancient route, which was aban-
doned consequence OF the discovery of the
Cape Of Good Hope. This commerce, 1t IS expected,
will reach important development, while several
regions Of Asia Minor. Persia and Mesopotamia
will be opened 10 industry and agriculture be
again resumed in those countries. ConstantinOpe
will play an important part in the development OF
the commerce which is sure TO follow the construc
ton of the railroad line, for that city Is the
centre OF the railway network of the Balkan coun-
tries, which transforming themselves under the
influence of European capital largely invested in
those regions during the last years.
The latest reports from Antwerp the most i'm
portant market IN Europe for india rubber, show
that IN 1899 the importations Of that product at
The Belgian port have amounted TO 3.4O2SS0 kilo-
grams against 2O4,59l Kilograms in 1895. The in
crease consisted mainly In arrivals Of rubber from
the Belgian Congo. This sudden auRmenta-
ton In the trade during 1899 due principally to
the improvement Of transportation on the Upper
Congo which facilitated the shipping to the coast
Of large stocks OF rubber accumulated in ware
houses Some of the product received also from
the Soudan and some from the French Congo and
Der obtain its full market value on account
lation employed In the French colonies where more
rational methods for treating the rubber are as yet
employed on only a few plantations.
The eyes OF Europe directed now TO the United
States as purveyor Of coal instead OF England.
which needs a larger quantity Of It's own produc
ton, and has not sent 10 the Continent especially
since the opening of the Transvaal war the usual
cargoes of coal. European writer's on political
economy say that fortunately England has not the
monopoly of coal production The United States
produces average OF iJ'.OOoVN tons. almost
3 much as Great Britain The mines Of the United
States can compete with those of England In regard
10 the low price of the black diamonds. IL Is to
Amer lea that we must look In order TO fight the
disastrous effects of the industrial crisis produced
In France by the increase IN the price OF English
coal" These observations OF the European and
especially Of the French, economic writer's have
attracted the subject the attention of the Eng
lish technical papers. shown IN a recent article
Of the London "Statist," which admits that
America will be IN the near future our most active
competitor In the coal trade OF the world"