The Washington herald., 1920-04-05

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The 'Banque Commerciale poul
Ia Russie ct le Levant" has beer
founded in Paris with q stock cap
ital Of 100000 francs for pro.
noting trade with Russia.
Germany.
According to a report Of the-As
sociation of German Paper Manu-
facturers. the unfavorable situa
ton of the paper industry has moi
changed. The supplies Of coal ar,
entirely inadequate and the lack OF
cellulose continues. Very little car
be obtained from the large works
and most of the others have beer
obliged to cease operations on ac'
count of the lack OF coal. Some time
ago 1t was possible to obtain cellu,
lose at extraordinarily high price,
from abroad, but the exchange sit
uation renders this impossible Al
present. Wood pulp has again in.
creased greatly in price. The use
of wood for fuel deprives the pa.
per industry of large quantities
,, There are scarcely any offers oi
rags and waste paper. and chemi.
calls are difficult to secure. Several
factories have not enough sulphuriC
acid. Raw materials have to b,
paid for on presentation of the in.
voice, IL not in advance. Wage:
fand salaries have continued to in,
crease. There have been many or,
ders from domestic and foreign
firms. but they could not be &C
cepted.
Holland Is to have a large bias,
furnace and steel rolling mill, in
order to render the country less de.
pendent upon foreign sources for its
iron and steel supply, particularly
for shipbuilding purposes. The gov
ernment and the two principal rail-
road companies are interested in
the project. Iron ore and, for the
present, coal will have to be i'm.
ported until the Dutch develop their
own coal resources.
A new agreement has been en-.
! tered into between the quinine
manufacturers Of Holland and the
cinchona growers of Java, who be-
tween them control 80 per cent oi
the worlds cinchona production
The new agreement is to remain In
force till December 81, 1929.
Hungary.
The Hungarian government ha:
issued new regulations concerning
payments for exports, similar tc
those of other counties with a low
exchange rate. To secure a license
to export goods on the forbidden
list. and securities or other persona
property. the exporter must sign {
declaration in which he states tn.
value of the goods in foreign cur
rency and gives assurance that thu.
will be placed at the disposal of the
Austro- o-Hungarian bank upon its re,
ceipt. The amount received in the
currency of the country of destina.
ton must be paid Immediately tc
the bank. which returns the CORE.
spending value in crowns.
The importation Of unstamped
notes of the Austro- ro-Hungariai
bank. as we'll as the sending Of
amounts to Hungary in unstamped
crowns, Is forbidden. Travellers
however, may bring up to 1000
crowns in unstamped bank note.
into the country.
Italy.
TIE year 1919 brought q free
movement to the italian import and
export trade. Governmental con,
troll was removed to q considerable
extent. Restrictions on trade werS
abrogated, export prohibitions were
removed and, where the ofiicial bu.
reaus still exercised q certain su-
Ipervision, import and export II.
censes were usually granted with.
out delay. On this account the for.
eign trade situation in 1919 differed
greatly from that Of the previou,
year. The import restrictions aimed
chiefly to keep out articles Of lux
ury. and the importation Of raw
materials. half-inished goods and
necessary manufactured articles
was unimpeded. The active com.
mercial policy Of the government
aided greatly in resuming interna.
tionsI business relations with the
assistance Of the Industrial and
commercial organizations and above
all to bring about return to nor.
NAL conditions of transportation.
The fall OF the exchange alone
assisted greatly In reducing i'm
ports. The increase in exports
amounted to about 100000, 900 lire
or sos per cent compared with
1915. The imports increased by but
. per cent. Among the articles the
export Of which increased consider
ably were: Cotton goods and cotton
yarns. silk goods and other silk
manufactures, silk waste and arti-
fetal silk. raw silk. raw and tanned
hides, dried vegetables. chestnuts,
potatoes, fruit and fruit preserves,
and hemp yarn.
The Importation of chemical prod
ucts, ores and metals, has decreased
while the figures for raw materials
necessary for the industries, as cot
ton. jute. wood. paper pulp. phos-
phste. scrap iron, etc, show a heavy
increase.
Latvia.
Latvia has an urgent need OF food
products and textiles. An Euglish