New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-18
ReAexes Of War

Swiss exporters of articles which
cannot be used for war purposes are
beginning to suffer more and more
/ from the rise in Swiss currency in all
foreign money markets, according To
the Zurich correspondent of "The Lon
don Economist" Buyers of Swiss en-
broideries. silk goods, watches, etc, in
the Central Empires are granted I'M
! mort lincenses only when they pledge
( themselves not TO pay the amount 70
/ the Swiss exporter. but only to Ger
/ man or Austrian bank. This German
! or Austrian bank advises the Swiss
B bank OF the payment, and the Dank
makes the exporter a loan in SWISS cur
rency until October |, 1918. Thus the
! Swiss exporter can receive payment Tor
( export to the Central Powers only
/ when he advances the price till october,
! 1918. Swiss exporters are thus re-
| sponsible to the Swiss banks for the
/ soIyency of the German or Austrian
| banker to whom payment has been
made. As such responsibility involves
a certain risk, the Swiss government,
together with Swiss bankers, is trying
| trades into guarantee syndicates. The
manufacturers of embroideries and
silks have accepted this scheme, or, at
least, those who have an interest i'll
markets of the Central Powers. The
manufacturers Of watches, on the con-
trary, however, declare they could
never approve such scheme and ac-
/ cept responsibility for the solvency OF
/ the German or Austrian banks on DC
I tober /, 1918. Many manufacturers OF
other wares say they would rather give
up their trade in the German market
/ than enter into such a guarantee
scheme. Meanwhile, it appears that
/ the governments Of France and Italy
intend introducing the German and
/ Austrian measures on import licenses
of articles de luxe of Swiss origin.
Th- results reported b! .be British
Stesmship Investment Trust r-fect
clearly the condition o: the British
shipping Industry. for tho .rusts IN
vcstmsnts are widely .prosd among
British shipping ownsrships G!on-- For
1910 III dividend % 3 per cent vas
paid on tho deferred stock; fee lelt.12
d div!dnnd OF per cent md bonus o.
. per cent wero distributed: !or 1919.
1913 6 p.r cant and bonus o. s per
cent: Coz 1919 per cent and e
bonus Of IL per csut. Cor .0lb-15 %
peg cost and q bonut % % pc. cont,
srd aov tor Iols-'i7 80 per cen, ind c
bonus OF % pcs cant making 81 por
eeat Tor che year. The report sta.os
,hA, tha r.vsnos % tSr 7ssr shvws
k,t H..
.hs current yea: r. cry Inserta!n.
owine 20 the decision Of .hc so 6n.
mont - rnqui,ition all &C aaroing tsn.
ssgo at Blue Bsok re,es o! h!rt. Tho
shareh olders are reminded thS: msrAg.
ms owners Of trump tonnsss to- some
y.krs paid dividenda on u conservative
bss,s, "while ro.G'uins large amounts
fer invcstmon, "a new togn.so IS
favorable opportunities might occult"
The tIust'e proportion Of SUNS so set
aside by managing owners amounted, II
IS stated, 10 considerably ever $500 900
in tho two yoars to July. 1914. and "it
ls largely duo TO this provision that tho
accounts now presented arc so shtis-
factory"
An important company has been
founded nj BAhi.. Brazil, With tho az.
sistsueo OF the state government md
supported by BraL!lian-North American
capital. 70 cIploi: tho mOngancsc md
ron mines o, tho states % Ninas
Genes and Bahia Tbs new company
has alrssdy acquired oil tho manganese
mines 10 tho Nazareth and Bomfm div
tr.c:s. Ralwsy lncs connecting tho
mineral regio1s with export contres
will be constructed Immediately with
the aid o! the Brazilian government