New-York tribune., 1905-08-05
TRADE AND FINANCE ABROAD.

An international exposition OF textile industries
will be held in 1876 at Tourcoing. in Northern
France That city with its neighbors Roubaix and
Armentieres is in fact. single industrial city Of
long faubourgs lined with cotton and woollen
mills The greatest activity is already displayed by
NJ. Dron, the Mayor of Tourcoing: by the nnu-
Iicipality of the city and by the Chamber of Com
merce OF ROubax and Tourcoing W the organiza
lion Of the exposition. From an eeotomical point Of
view It vii be dls94y 0I tie ne sn nI ST., prqea Ger
ticipation is already planned on the part of British
pairing the samples of their textiles and tools.
No communicating has yet been bee received from
sition expect that fine disPi9y VIII be mage a at the
In regard to the enormous rise in the price Of
rubber this year and the decrease in that Of coffee
the Brazilian Review" Of Rio Janeiro, said
lately: BY overplanting we have succeeded in pro-
ducng two-thrds Of the total coffee supply of the
world but drove prices down to such figure that
only in Brazil they give any profit at all In
other countries planters were ruined and gave up
the struggle. Here we hang on IN expectation OF
better times when. is inevitable, consumption
oyertakes production. with rubber IT is different;
and exchange and cost Of production with them. In
countries where there has been no increase in the
cost OF production; and the temptation OF ENORMOUS
itely like coffee in five or six years lead likewise 10
overproduction
In Europe and especially in France. there has
been for the last three years steady increase in
OF shoes ana Other xmas OF IboL"e6I his
has been attributed TO several causes working to-
gether al the same time but mainly 10 the increase
in the price of material For consecutive years
rainy seasons have brought about extraordinary
mortality among the cattle OF South America.
whence comes to Europe a large number OF hides.
on the other hand. it must be noticed that the
wearing Of leather footwear, for twenty years has
been more and extended. the traditional wood
en- shoes of the peasants having been abandoned by
those who had been familarized with leather shoes
,r their military services. Automobling itself
ercises some influence In that direction. as In
MANY others Vests, caps and trousers of chauf-
feurs are made in soft leather. To these causes
OF the scarcity in the production ana extension OF
the consumption which absorbs the accumulated
STOCKS must be added the usso-Japanese War.
Sbe mind is astounded when IL thinks of the guam
~ ~ leather and leather goods which constitute
together the equipment Of such armies OF million
of men.
Thanks TO bill presented 10 the Congress OF the
r,,,,blic of Uruguay the executive power will be
orabIed 10 make normal the much desired punctu-
,tty ~ budget payments. This bill is relative to
- creation Of the war debt. Moreover as says
- ..Aonteyideo Times" il Will quidate in the
,-roa ching financial period the greater part, If
- al Of the claims arising out of the recent
,,,u war thus adding normal financial 10 the
r1itcaI and economical conditions which have
1aad, been established. Many foreigners
idtro in Uruguay interested in the settle
sIoIltts t ~ these claims based the losses suf-
foreigners at the hands OF the gov
Ln,nant as well as the rebel bands OF Saraiva-
I. soan as peace had been restored the executive
Proclaimed the usual period OF six months for the