The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-11-29

sea imports at this figure. The close
watch kept ny German cruisers aud sub
'eQueut increased insurance rates, as well |
- higher prices vi shipments vii. cause
4 great reduction In British imports.
'Besidcs, there il a remarkable de- |
crease in British exports to the European
continent OF manufactured goods In
1911. for instance, England sent S1SS.25o.- /
oO0 worth Of manufactured wares To- the |
Continent Of this Germany alone took |
s1?G.joo 1000.
During the coming six months there !
Will be an enormous pressure I'm the over |
sea ports, owing To- the accumulation of
incoming raw materials. as the oversee
crop of cereals. cotton and wool. as well !
az the principal imports of other agricul
tural products. falls precisely into the pc
Rod from September until the end OF
March. The exports OF the different couu-
tries. not counting precious metals, showed
the following figures.
Principal
ipii Tinted sis,e. sill "c.oc cotton. cereals.
especially wheat
me,i. petroleum,
industrial prod
ut-. g..
~, Argentina @Jcoso Mostly cereals
and wood
1910 BraNl......... ~ 5000 Mostly coffee. 90.
ba,S'o. skins, NJ.
1911 Chil-........... fsSS.@ Stltpe,er. min.
1911 cuba. ,s5Oneo snsar. tobacco.
1911 lndia.......,... '"l.VJ.'d Jute cotton. rice.
.cri .kin.. cofiee.
spices. g..
1911 Celon ....... slSc.p Tea, copra COT
isr Strait. Settle ie,t"oco I'm rubber rice
meut ......... copr1
1911 Australia and ~. $4,000 per cent ~
New Zealand. tins woplthe rest
crlraIs aud min.
erals.
1871 Canada ...... So NJ 90 Cereals. God. but.
ter meat, fruits.
minerals
an 81 these products. in time OF peace.
were shipped Oh their way between sep
TENDER and the end Of March. They served
to pay the debts OF the oversee countries
in Eurup" and at the same time to create
u counter value for the exports from
Europe to those counties The acCunu-
lation Of these raw products abroad and
the cessation principally OF the German
buying power. as well as that of Austria,
France. Belgium and Russia. naturally re-
suits in Il rapid jump ~ prices. For
me:,y Germany. Austria. iiclgun ana
France bought more than 50 per cent. Of
the wool from Australia. Now not a bale
is touched similar conditions prevail IN
Argentina. where the wool prlcss will de-
cr-as. To an unprecedented point. with
ont the slightest relief IN sight Nearly
the entire Australian exports or minerals
las. year went to Germany. IN round fig
urcS, so. tto.ou0.
EnglRnd's Finances.
Up ~ the outbreak OF me war Eng.
land financed her own imports and *
ports ia addition 10 financing two-thiris
OF the exports OF the Continent. Euglind' :
own exports and imports 20 and from the
oversee countries. including her colonies
hu: excluding Europe showed the follow
ing figures in 1911:
Imports ACKNOWLEDGEMENTS. u IS, 20 0I0
Exports 49, 5000
Total 500. $4,000
"Gernanys vv-rsea exports and i'm
ports in 1871 and lSl: Were:
Import. ............. n.oosao,.coa n.les 90 ."
Exports ............... J'a, 20 10 80 S"e.'
Total. ................ tIIl.,ac"c HT.l.iOv. 80
, Or IN round ngurr. mo, including
precious metals s,lan ~ 900
III one figures the oversee imports and
exports OF Austria, Belgium, France AID
Russia At the same amount as taken Tor
Germany. and as these countries lead
fully two-thrds e their oversee trans
actions VIA England the same amount
/ must he considered. one comes 80 the luE.-
cal conclusion thai the yearly SUM in
vulved in Tho oversee imports and exports
81 Germany, Austria. Belgium. France
and Russia ar" s3.jol. 900, 900. Now.
making moderate" estimate. ~ This sum
only one-haif was financed over England
, in thr'-s instdlmeuts t1tliling sl,11o.o0o.-
Ouu. So that AZ ~" tine Of the outh rc9 4;
~ the war the fourth part OF the above
sum was with English banks. private har';-
crs. &c. to VIZ, $500. 100000 These ord rs
are all accepted, but unpaid. Iu London
while the bulk OF the values already has
! been accepted abroad
"Only moratorium saves private
bankers and the London banks from ruin
for Gernans and A'istrians have Govern
meUt orders not 10 pay these obligations
to England the French, Relgiars and
/ Russians cannot pay, and long after peace
has been declared will these sums cripple
the British financial market IN the wors
way Added 10 this comes tn. fact thai
England also has been the market To-
the placing Of nearly all oversee loan,
and OF great part OF the European loans
Practically all OF the Russian loans hav.
been placed In France. They aggregat.
sj,os4 ,00o.U"o Frances own loaus ar,
s6,5ll 100000. masking IA total Of t1I,5g5.
500, 600. at only Der cent. with a claim
Ief Interest amounting 80 SiG3,fjo vul
annually,
To this are to t.a added The debts -
Turkey, Greece. Bulgaria. Eum4nia az,
part OF the national debts of Italy. SpaiI
Portugal, a.. all of which, II may b
safely assumed. viii remain unpaid e.
some time 10 come, and the muuicipa
loans Of France, SO that the national i'm
come If the republic already has been ter
rihcally shaken. In England arc place
firs; tho debts Of her own colonies Sc,
/ oud tnoSc of the mOtuerlInd. The u.i
. uoual debts are:
ia AL in Ems and S3l1 - -.
In lHl M Hludustan ..........,......,. lil..;.h"
In ."l IN Atri"l ..,,.,,.......,..... tN'i1Jn a.
. In 1911 IN New Zealand .......,.......,. 4--'.ss
in iii IN british west Indie. . . 10000