New-York tribune., 1903-04-13
TRADE AND FINANCE ABROAD.

The recent military rebellion in Portugal togeth-
er with the revolutionary movements the part
OF civilians in towns, would be calculated to
spread the idea that things are not right in the
Lusitanan Kingdom. But they are in very sat
isfactory condition in regard to the commercial
development OF the country. latest official sta
tstics refer only 1900 but nothing has happened
since indicating that the standard of material pros,
perity has diminished. The general movement OF
fries has increased steadily during the last few
years as IS shown by the doiowtng gures ,eda IN
4I9 $50 $50 francs: 1900 4SS0S5 932 francs. There
Commercial and industrial Vitality Of a country
rapidity,.
The present situation in Holland is apparently
worse than that of Portugal account of the
general strike prevailing in all the principal ports
Netherlands. This situation gives addition
al interest to the statistics just published BY the
Finance Ministry of Holland relative to the gen
eral commerce Of the Low Countries in 1901. The
importations rose TO %. 220 $50 tons. and the
portation 17763.629 tons. total OF 43.es4450
tons. But there in transit 266 tons which
the special commerce of the Netherlands. Prussia
changes with the Low Countries amounting in
1901 TO eeSe7.724 tons. This explains the rumors
many, IF the present strike in Holland prevented
countries.
The South American Journal" of London. which
is known to have and earliest special news
about the countries south of the United States.
frequently completes its own news with informa-
ton received from the press in the latter country.
Thus I'm it's latest number at hand, the London
organ denies that there a financial crash In
Mexico and the beginning of serious monetary
panic. due the effort to place Mexico upon a
gold basis. And il bases its denial upon the state
ment published in 'Duns Review Of New-Tork,:
according 10 the report of its American agent and
correspondent in Mexico. THE present state of
business there adds The South American Jour
NAL rs by means alarming. and does not con-
firm in any way the sensational reports alluded to-
These were in fact promptly contradicted by later
telegraph dispatches. but there naturally some
anxiety until authoritative reports to the exact
situation available"
In the Argentine Republic more protest is
published against the unjust discrimination made
there in regard to native and foreign insurance
companies. This time IT comes from the Review
Of the River Plate" an Anglo-American organ,
which says. among other things:
In the years from 1886 to 1888 numerous insurance
companies sprang up IN Argentina; the majority
soon went TO the wall. History is again repeating
itself at least far the creation of new. com
panies is concerned. All of these have nominal
capital of 81 600 oo II foreign insurance companies
required to put up guarantee OF ssp,co why
should & national company be allowed 10 begin
business a few thousand dollars? The mere fact
is resident IN the country does not offer the
in the past we Inclined 10 believe that this in
itself is the most unsatisfactory guarantee that
could be given. We have had during the last few
years several companies disappearing from the
scene. and nothing has been done TO make the
shareholders directors responsible for the fall
The public have been the ones 20 suffer. II
then G new national company ahould co the
before Il is allowed TO work