New-York tribune., 1903-04-02
TRADE AND FINANCE ABROAD.

IT. 1or1 of France IL IS said in Paris
papers is about to abandon an cldtime ana oehe'
icent practice that OF honorinS any OF its c'utsi
f.it bsnknotas after a due examination Of the
standing of the person presenting such note TOT IT,
endorsement. Formerly counterfeited notes nap
peniug to reach the unsuspectinS hands or ho''eSl
neope were redeemed by the Bank OF France
Nothing was more businesslike and legitimate IMAM
this uractice of the bank. which enjoys a unique
privilege. The billions Of francs rePTesented py
the notes which il is authorized TO issue 90 not
cost anything 10 the bank. except the expenses Ior
ink. paper and engravers The nank It eAGndiseS -
ITS pa per gold, which it puts IN its Nauts IoI
commercial notes bearing the guarantee OF three
solvent SIGNATURES the value of which the bank
RECEIVERS with interest Moreover, tle Od1ALoC50
Of course and constitute an annual profit 70 OF about bout
100000 francs on the average Ins mss Is nO mo Of The
few counterfeited notes in circula ton The 3anh
This question has become timely one, since tne
recent discovery at Lyons OF secret t pItnthis rs
circuIation They so much like the genuine
ones that experts err & snd bepsTmen Of the Rhons
actually received those bad notes
The fruit export trade of the Argentine Republic
is developing on a grand scale since last season
A fruit grower of the Plata regions. in COM
muncation to the press of Buenos Ayres' stated
that some time ago he sent small Shipment OF
peaches TO London where they arrived in excellent
condition not one peach being lost. and we're sold
Immediately in Covent Garden market at very re-
munerative prices. the consignees sending him a
good report thereon and encouraging larger ship
ments. This done, of course great future
for the fruit export industry i'm Argentina VIII
be secure wnen to the export of fresh fruits vii!
the exporters aware that the great difficulty TO
DC oVeTToe anable an of being really hermeticaIIy
sealed and airtignt like those Of American inven-
ton.
The formal do BRASIL publishes from BeIem-
Para March last dispatch showing more
that the federal government at Rio Janeiro
was not always obeyed by the authorities OF the
State of Amazonas. who have been mainly respon-
sible for the troubles relating 10 the territory of
Acre That territory is settled principally by Bra
ziliaus from Amazonas The Governor OF ANA
zonas did not comply lately with the orders OF the
federal government for the free transit via the
Der from Acre. Two cargo steamers the Cearense
spectvey. 200 and l6i tons OF rubber en- route for
the port of Beem where their cargOes were to
bibted by Governor Merry from passing by Manaos
which is port on the Amazon Until the they had
of the Brazilian Minister Of Finances
The German Trarsoceanic Bank has published
report for 1902 Of it's business done in South Amer
lea The principal connections OF the bank there
are in Argentina and Chill. and dealings last year
were a all satisfactory, owing TO the dispute
between the two countries respecting the boundary
line. Matters. however. improved in the second
half of the year with the conclusion of the treaty
and the advent of good harvest The Argentine
and the latter movement has been chiefly felt by
Germany for England and the United States have
maintained their position. The outlook for the
present year is said to be more favorable for Ger
goods In chill business has also been better
since the ratification Of the treaty. and imports
have increased considerably. The report also gives
account O the newly established branch of tie
bank in Mexico. which was opened last April The
state of commerce. well the COuntryS
finances Is described being satisfactory. and
would have been still more so but for the very con-
siderable depreciation OF silver. In spite Of ad-
verse circumstances the bank has managed TO
make gross profit Of 2.0o marks more than In 1891.
The Bulletin OF the French Chamber OF Com
mercc' of Montreal contains interesting informa-
tion concerning the sardine industry. in connection
with the disappearance this year OF the sardines
from the coasts OF Brittany. causing terrible mis-
cry The Bulletin says that the sardnes of the
lower St Lawrence cannot compete in quality with
the French fish But. IL adds. that I'm the Pacific
and In Puget Sound the sardines good and that
an establishments for their canning has been start
ed, In competition with American cannery
Port townsend The Canadian paper regrets that
these FISH are prepared with cotton oil. which
enter Canada Tree, while the French sardines are
prepared with French olive oil, on which duties
must ne paid before IL can enter the Dominion