The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-11
castle in Bohemia Karstein.
Country May Lose Territory by War,
but Loss of Trade Will Not
Become Permanent

the cotton textiles and the linen goods
of Bohemia have special qualities known
to world trade.
Handmade lace is cottage industry
of the mountain districts.
These are few illustrations of the
special manufactures whose output will
only suffer temporary interruption on
account of the war.
Bohemia also has natural resources
In the way of coal and iron ore, which
furnish a basis for some minor iron
and steel Industries that include loco
motives, steam engines and various
kinds of machinery. Bohemian hops
are the staple supply of some great
breweries whose product is sent abroad,
while large quantities Of hops are also
taken by foreign breweries. War can
interfere with this traffic only for a
brief period. The same is true of min
cral water and mineral salts.
Hungary is the agricultural section
OF the dual monarchy, although 1t has
coal and iron ore mines, which form
the basis of a minor iron and steel
industry and also of an agricultural
implement industry. Its grain fields,
however, are OF supreme Importance.
since N ordinary years there is a large
oats, corn and potatoes for export.
The beet area is also large one and
the bulk of the beet sugar produced IN
the dual monarchy comes from Hun
gary. When the war broke out the
agricultural exports approXImated 5000
100000. This was double the amount
ten years previously and was a tribute
to the Government policy in stimulating
and deVelouing ngriculture
The most valuable natural resource
Of Austria Hungary is petroleum. The
| oil wells of GaliCia have been an i'm
| portant factor in the trade and indus
| try of the country. The investments
made by Berlin banks in these oil
wells was a motive in the effort of the
| German Government to drive out the
Standard Oil Company. The possibility
Of Russia absorbing Galicia must, there
| fore, be disquieting to Germany as well
as to Austria.
While the dual monarchy has natural
| resources of coal iron ore, oil and
some other minerals. these are not eX-
| tensive enough to furnish the founda-
ton for extensive national industries.
| The textile industries are by far the
most important, and they are depend
ent on imported raw material
In a normal year, when there Is no
| boom, but when the factories are rea-
sonably active, Austria imports about
100000 tons of raw cotton, cotton yarn
and cotton waste, as well as n small
quantity Of crude cotton goods, which
are made up into the finer fabrics. The
United States supplies the bulk of this
cotton, about two-thirds of II. After
that comes India, and hen Egypt.
20 a,,1 10
ported to the value of $50. 900, 900 and
upward. Argentina and Australia sup
ply the bulk OF the raw wool in the
proportion OF two tons from Argentina
to one ton from Australia.
| In its foreign commerce Austria Hun
gary hardly can be considered world
factor in the sense of overseas trade,
especially in the neutral markets of
Latin America and the Orient. Its COM
merce is largely continental commerce
since its trade is with neighboring
countries.
Germany dominates Austria CONNER
cially just as 1t does politically. Ordi-
narlly one-third of the imports are
from Germany, and Germany absorbs
part of the exports for redistribution
to other countries. Hamburg is the
convenient port for a large section OF
Austria and dominates it commercially
and financially.
1t was remarked by one of rhe Ameri-
, can consuls in "A report that in Aus
trian trade Germany was both pr!nci-
pal and agent, since German firms con-
Quoted manufacturing, banking, ship
ping and commercial business of glgan-
tic importance Within its boundaries
Germany has been the middleman COM
mercally between Austria Hungary ant
the outside world.
This is "A fact of moment in the read
. justment of Austrla's foreign trade
which may result from the war, II
Germany is defeated Austria suffers no
: only as "A political ally but as com
J mercial ward as well.
The Balkan trade Is the most impor
| tant stake involved in the present war
c The Balkans supply part of the raw
u materials that enter into the Austrian
G industry and the bulk of the fOodstun
that are imported come from the SAM
II source. The Balkans also take larg
h quantities of Austrian products, par
y ticularly machinery.
/ Exports to Rumania, Bulgaria Servia
h Gree Montenegro and European Tur