The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-11
The Bourse and Plaza at Trieste.

key reach $4,000, 900. and the market
is one chiefly for manufactured articles
Servia when the war is over will not
be compelled to submit to the control
of her agricultural products that here
tofore Austria has been able to impose
by means of hostile tariffs and by shut
ting her off from access to other mar
kets. Others of the Balkan States have
not suffered quite in the same proper
ton, because they are differently
situated, but any kind of Balkan politi-
cal coalition will keep in mind the COM
merclal relations. This, however, is not
apt To affect the sale of Austrian manu-
featured products.
Whether Hungary is to remain part
of the Austrian empire is a question
for the future, but ii is one of Consid-
cradle commercial Importance. The
hatred of the Magyars for the Serbs
, caused them TO enter very heartily into
the war which Teutonic Austria de-
clared against Servia. The feeling ex-
tends to the other Slavic populations,
as is shown by the Hungarian attitude
toward the Slovaks and Croatians who
are part of Hungary.
Yet a condition may arise where Hun
gary will no longer be a part politically
| of Austria. Commercially at present 1t
is practically Independent of Austria
While the Austro- Hungarian tariff APP
plies to all the world in so far as relates
to imports into the dual kingdom, in
| their relations Austria and Hungary are
not single nation. Though there is no
! frontier custom house, Hungary has its
own statistics of foreign commerce and
its own trade balance.
For example. the total foreign trade
in 1913 exceeded $500, 600, 900, and of
/ this foreign trade" 20 per cent. in both
exports and imports was credited to
Austria. Some of this trade was transit
| commerce.
Hungary enjoys the benefits OF a pro-
tective tariff in so far as its Industries
go, for the Austrian tariff Is protective
/ in many features. Hungary goes fur
Their, however, and has IA national policy
of it's own for stimulating domestic
Industries. The state subsidized glove
manufacturing and some other manu-
| features.
Trade relations between the United
States and the dual monarchy have
never been extensive, yet they are i'm
portant Austria must have certain raw
products, such as cotton and copper,
furnish.
On the other hand the iron furnaces
Of this country call for Austrian mag
nestle in as large quantities as they can
get 1t and the importations in peace
times are $l,000,000 and upward. Bo-
hemian hops are also a necessity to
American brewers. although Pilsener
beer, which is imported in large guam
l Titles, might be liSDpnSpl with
American iron furnaces and breweries
feel the interruption to commerce due
to the war almost as severely as do
the Austrian textile mills and electrical.
industries, which are dependent on the
United States for cotton and copper.
The Austrian Government in its to-
bacco monopoly draws on Virginia.
There is demand in some of the Aus
trian industries for asbestos material
which has been treated In the United
States, although Canada is the source
OF the supply of crude asbestos.
The balance of trade Is always largely
in favor of the United States, because
of the preponderance OF raw materials
which Austria consumes.
1t was an Austrian statesman who OF
two occasions proposed q European
r customs union against the United
! States. The simple fact, however, /!
J that the bulk Of the Austrian export,
, to the United States, with the excep
? ton OF magnesite and hops, are highl,
finished articles which are in the ma
ture OF Injuries and which are subjec
J, to high tariff duties on that account
= Whichever party has been in power /,