New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-08-01
TRADE AND FINANCE ABROAD.

In their anxiety to Increase their trade with tho
United States the merchants Of Buenos Ayres have
made a slight mistake in the letters they recently
directed 10 Ia Prensa" the most important news
paTer of that city. Ia those letters they request
La Prensa" TO use its influence with the Depart
menr of Posts and Te!egraphy 10 persuade 1t u
send the Argentine mail for the United States by
way of Rio Janeiro. This is now forwarded by
way of Europe They say that the latter route
takes about thirty-ive days. While the Rio Janelro
route takes only twenty-three,
The Argentine merchants. however, are in error
when they say; From Rio there sail monthly two
steamers of the I,amport e Holt Company directly
for New-York. and they could be utilized for the
expedition Of correspondence from this city Buenos
Ayres" This was true some time ago. but for
the few months the above mentioned COM
and the Tennyson; that there is now only one
York
The Mexican Herald" the American paper pub
shed in the City Of Mexico. says that there is no
sign of the prosperity of Mexico and its COM
mercial healthfulness than the increased sales of
the large importing houses. In Northern Mexico
conditions have steadily improved. until the de-
mand for foreign manufactured commodities is
enormous. he sales of cement. Texas yeilo" pine
lumber Tennessee hardwood tnclish nre 9rlck;
corrugated iron roofing and American manufactured
boxes have reached large proportions.
The olive oil business in Italy continues to feel
the effects of the competition started mainly by
the olive of Southern California According
the latest information gathered by the Italian
Ministry of Agriculture. from the reports of the
projects and Of the agricultural associations of the
peninsula. the occupied by olive trees in
ay o in il you'd be S ana tgs
fgures compared with those Of average crops.
represent ammunition Of $4,000 heetoi;res. The
peninsula. with the exception Of Piedmont.
a new commercial port may soon be opened
along the coast of the Argentine Republic. The
project has been put forward that the military
port of Be!grano Bahia Blanca. should be
thrown open a commercial port, in order that
deep draught boats may he attracted to Argentina.
The minimum depth of water there IL thirty feet
and. the port taps very large agricultural and
pastoral district. there is no doubt that BelGrano
could be made an active shipping centre The
Pacific Mail steamers VIII probably select BEL
grano. The Buenos AyTes Standard adds that
every measure tending to open up the Argentine
coast shipping must be carried out
From june ! of this year the bi-weekly postal
service between ManhatsIr1 and Tannnarivo, the
capital the island OF Madagascar. has been made
by means Of automobiles. Tie railroad which H.
coast and the capital situated high m the noun
tains has penetrated only few miles The route
from MahHtsara 10 TananarlVu Is a dlmcuit ana
magnificent work, when Vas accomplished by
! the French lew years d!ttr they hda CpHqurfcd
the great African Island.
The small republic OF Paraguay shares the ideas
dispIay4d by some other South and Central Ameri-
.ar republics in regard TO Swing collaterals and
.rr;,or, in paving old debts in contracting new
ouas The Paraguayan Minister or Finance. senior
A de Sosa has proposed 10 the national congress,
, ,s,rc4on 10 authorize him "a borrow from
~ oo oao 70 n o0o on pesos rather difficult opera
non when It CONSIDERED tnat me .Atnanst 81
Paraguayan money Is at las tt aaS 49,, a,,siu -,
a5es51c none provided the custom house reve-
nue. vas tnroNn IN as guarantees.