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\drries INDICATED SMCAV LOCATION or i I 'If ...11 I tMIMAmHM LUi UUg.J imi. .. j ...... . j .. . York Head Office London SHIPS FDRS TO GERMANY Activity of Teutons Reveals 15ig Chances for Ameri- can Trade. A recent cable coming from Vladivos- tok announces the fact that a Ger- man sa ling vessel hnBcleared that port for Hamburg with furs. This certainly Indicates business activity on the part cf some German manufacturer In the fur line. Russian Asia with Vladivostok as Its port of entry and with one of' the terminals for the Trans-Siberia- n Rall-roa- a will becarrie In the next few eirs far more important than prior to 1SH. China, Japan, the Un teil States, Germany, England and many other iirantries sold goods Into this section o! Russia. Drugs, groceries and provisions. Paints and varnishes, flour, guns and canters' ammunition, railroad equ candles, soap, paper, books and ttatlonery, preserves and clothing In- cluding underwear, were America's main txports to that sect on of the world Prior to 1914. But y almost ever jme of merchandise can And a market ttere that would find a market In Canada. . In the Immediate district of Vladi- vostok are 14,181 Chinese merchants nd every one good for at least $1,500 to $10,000 In merchandise. that section are also more than 110.000 Russian men and 70,000 Rus-Jla- n women, all with a friendly feeling toward United States products. There are, nearly to.000 Koreans who would likewise purchase certain American foods that would be suitable to their Bttdi No Lack of Purchaser. Besides this, there are natives, Finns, Jes, Tartars, Saeis, Mordvines, Poles !? ther to the number of almost 100.000 who would be ready purchasers t things badly needed. ilany persons have the Idea that the Mrt of Vladivostok Is loaded w th all torts o' supplies rotting on lier docks. is e that she has many miles of wactiireiy. .railroad supplies, automobile tf.u and \ke but wl'on It comes tfa actual everyday necessities do-n- In that sect.on of tho world Uese are lacking. It Is truo that only\ about 50 per cent. i, 1116 Population are producers, still, ijujjutauuu tii proportion V.i.Vi anjr llko nurflber In any other Ctlon Of Ih trnrlI Vic ,11. ..!. . or many years been a great port for \J-'W- of high grade furs, such as i h.. uar, renueer. mountain I r.. \ oc' river utter, sea. ' S blueL,Io)t. ermine and wolverine. r fr..i Bno lB an exporter of I frt c, alt ns\' Jrled fl,,h a,ld 80ur ,77,, ami counsh are also ex- - ItCniM i I. r .. ..... .... V. ?a lO.Ofinfinn ....... ... . , yvuuu;i uj lieu in nix Ionths. ..?! Increased number of American !r Japanese tioops stationed along the I dri irans-siuena- n llallroaa ha Uiit hfav\r Bn tho meat supply of l h , i, ' 80 Ulat y Vladivostok 7 J \\wrier or meats as well as V rrocerles and provisions. All troops fuoned In Manchuria, also uso this port M, main base, of snnnlv ?o doubt many American soldiers will fClBn' aVJ\tages of remaining In that V. w,u Hlan activities there Jusl they dlrf aft., .i . .. .... r,..;., ln.a , .17 ClllCItU illU A'llllllJ- - whleh i amcrican industries, l i.V \.\'\ericaii soimcr Musiness man gives hU preference, NhoriiiHf. ut Kcroaeiif. fjt keroaeno famine has affected Atw K ?,n ot tUe \\try for the lal tiimt ' Hiving opportunity to u li..- - .1 Amcfl\n oil companies, ti On r \\PPO'ed that the BUndarrt \\\y ha\ a monopoly on the oil but Vii ,n the Far and ln Chlna. IiarJ5ement that the Standard Ol' With Phlna I. . . . . ... . . \ \\nt and n Dutch oil com-a- y and lwo jjrBlJlll concirnt Br0 30 Years in Export Banking 23 Branches in South 8 Offices m Spain, France and England AN INTIMATE KNOWL-EDG- E the people, their habits, social and economic cus- toms is essential importance when transacting business abroad. Such knowledge can be gained only through a con- stant study of the needs and daily habits the people, \a- cquired by years experience and actual residence in the countries themselves. Many Our Foreign Branches Havetieen Established 30 Years Twenty-thre- e of our branches in Latin America, eight offices in Europe and direct connections throughout the world enable us to furnish accurate trade and credit information on foreign markets. facilities of this institution are at your disposal jL .At. if hm mftfffm tt vtitir iwn if vnn ci dmirm Anglo-Sout- h American Bank Ltd. New Agency, Broadway VLADIVOSTOK W. of of of of of own The hanlr. 49 F. C. Harding, Agent M. Dawkin, Sub-Age- nt doing, more business In that region of the world than the Standard. The American Texas OH Company Is also fast gaining a. foothold In the mar- kets there. At present there is only one month's visible supply of oil. There- fore the American soldier if continued there will not have an easy time next winter, as every winter Is on extremely cold one, so much so that boats do not enter the harbor of Vladivostok foi months during the severe season. The sugar supply Is equally low. So far as price Is concerned and despite of the Philippines to the mar- ket, the people are suffering from a great scarcity of sweets. Even tho price of teas, with its closeness to the Chinese and Japanese markets, has advanced. There Is a big demand for American hoes, plows, cofned beef, dried fruits, canned goods, coffee and sewing ma- chines. The demand for beer is being met by tho Japanese breweries and they have been able to win an extensive business. Many Chinese laborers are leaving and going back to Chefoo. Chinese labor Is just as necessary In Vladivostok as Is negro labor lit the Southern States of America. NEW ZEALAND BUYS JAPANESE GOODS Increased Trade Covers Great Variety of Articles. Japan's Imports Into New Zealand are Increasing rapidly and they consist almost entirely of manufactured goods, according to a report written by U. S. Vice-Cons- ul Charles G. Wlnslow, at Auckland. N. Z. During the war period largo quantities of Japanese goods flooded this market, some of which were of a fairly' good quality, but some Were very shoddy. The shoddy goods were Imported chiefly during 1916 and 1917, since which time the quality of the Japanese manufactures has greatly Im- proved. The Increased trade between Japan and New Zealand for the last six years Is shown by the following table: Imports Export to Year. Japan. 111 lll.KI 1914 2S9.1M ins ttt.ra 1111 1M7 21.S53 Mil :c.ui rom Jidio. S7SB.K7 912.472 1.480.IU j,7a.7u j.ccoje: 5.512.111) It will be noted that the exports to Japan have fallen off greatly during the labt two years, owing to the fact that wool, tho principal export to that coun- try, was commnndeered by the British Government. Tho export of wool to Japan In 1913 amounted to $12,870, In 1914 to $288,203, In 1310 to $6S7,S02 and In 1916 to $528,583. Japanese exports to New Zealand at the present time consist principally of silk and cotton piece goods, wearing ap- parel, fancy goads, toys, china and earthenware. In order of values the chief lines for 1917 were: Silks, satlna i goods. $272,518; wearing apparel and readymade clothing, $245,660; fancy I goods and toys, $193,141 ; hats and caps. $162 263; manures isuperpnospnaiesj, $92,891 ; timber, rough sawed, $51,970 ; bottles. $72,023; sulphur, $68,816; dra- pery $67,380 ; canvns nnd sail cloth, $57,113: electrical insulated cable and wire. $48,898. So far Japanese competition with typical American lines has not been strong,- but that country Is steadily be- coming a more powerful competitor of the United States In this Dominion. SILK DEALERS ORGANIZE. 400 Chinese Join Movement at Hbnughat. ctrivmrii Cini 1. Th local Chinese silk piece goods dealers were formally organized at n meeting nem at me Nar.-ta- o Chamber of Commerce, Mou Chia Ixong, Nantao. More than four hundred attended. The' aim of the organization Is to strengthen tho spirit of solidarity amon? the members of tho trade and the of the Industry as a whole, A feuture of the Institution is tho pro- vision In the constitution of a widows' fund, from which widows of employees of poor financial standing may draw n.nnhiv iiMn th rArommendatlon of a \... ' - certain number of members. Officers were elected at the meeting The society will maintain headquarters ... . . ... - . i . r....l ... gym Capital and Reserrc Over $32,000,000 JAPANESE RIGID ON EXPORT COTTON Measures Taken to Protect Foreign Market by System of Inspection. Tokio, Oct. 1. On August 10 the Japanese Government announced regu lations providing for an Inspection ot all Japanese cotton manufactures Intended for export. The system becomes opera tive November 1, 1919. The Inspection will be directed by associations of cot- ton manufacturers and where no such associations exist by the prefectural Governments. By the provisions of these regulations the following cotton goods cannot be exported for purposes of ale unless they pass the inspeotlon made by cot- ton manufacturers' associations or by prefectural Governments: Cotton crepeB, cotton prints, flannelette, cotton, poplin, drills and twilled shirtings, cotton koku-raor- l, or weftrlbs, Chinese cotton ankle bands, striped fabrics and cotton cloth woven with dyed and bleached yarns. With the exception of Chinese cotton ankle bands, only cotton goods which are over forty-fiv- e Inches wide, urder eighteen Inches wide and under twelve yards In length are subject to Inspection. Instructions of the Department of Agriculture and Commerce provide that cotton goods which have slight flaws, stains or. other minor defects and which .are perm'tted to be exported must havo j the Imperfections indicated on the same; , and that cotton goods of tho following kinds cannot be passed for export : Cot-- I ton goods of unusually coarse texture, of weak texture, not carefully woven, I of Inferior dyeing, of inferior bleaching, I 1 a- - . n I 1... n iiiotvi izctuuji, au , w. luvbuwiiijr ... width, length and weight; containing flaws and stains; of a character which Inspectors shall Judge unfit for export. The promulgation of this system of In- spection of cotton goods Intended for export Is the result of conferences be- tween the cotton goods manufacturers and officials of the Department of Agri- culture and Commerce, the first of which was held on February 27, 1919. It was announced on that date that It had been unanimously agreed that a stringent In- spection system was necessary to hold the new export markets. It was several months before a deci- sion was reached as to the supervision of Inspection, whether it should be a function of the Department of Agricul- ture and Commerce, or whether the manufacturers should direct the Inspec- tion following regulations established by the Government. The original date for the Inauguration of the Inspection sys- tem was named as March 1, but subse- quent announcements deferred the date. The delay was due to a difference of opinion as to the operation of the plan. The announcement In tho Official Ga- zette rtated that the Federation ot Cot- ton Goods Manufacturers' Associations '.vas legally organized on July 7, 1019. Thirty-tw- o associations throughout Ja- pan will direct the Inspections of cotton goods exports. A day before tho announcement of the regulations the Minister of Agriculture and Commerce gave a statement to the press catling attention to the conditions which necessitated the establishment of the inspection system. The statement said that Japan's cotton exports had in- creased at a striking rate since the be- ginning of the war. Before the war the average exports of cotton goods amount- ed to 26,000,000 yen (about $13,000,000) annually: while last ytir the total reached 230,000,090 yen (about With this rapid expansion of the trado It has been discovered that Interior soods have been shipped, damaging the reputation ot Japanese cotton goods gen- erally, according to the statement. Philippines Diversify Exports. Under the Spanish regime hemp made up nearly 70 per cent, of the exports of the Philippine Islands. Under American guidance the agricultural efforts of the Fhtllpplnes have been diversified so that copra, sugar, tobacco and to a small ex tent rice are featured In the list ot exports. THE SUN, WEDNESDAY, OCTOBER 8, 1919. 11 AUSTRALIAN WOOL INDUSTRY GUARDED Prices to Bo Maintained for Tlirco Months From Oct 1, 1919, Says Ministry. BRITISH INTERESTS SAFE Measures Taken to Readjust All Details Disturbed by War Conditions. Melbourne, Sept 1. When tho ship- ping problem became acute and tho pastorallsts of Australia thought their wool would become a drug on the mar ket owing to the Impossibility of secur- ing bottoms during the submarine phase of the war the British Govern- ment, needing wool supplies for army purposes, bought the balance of the Australian clip of 1916-191- 7. About a third of the clip had already been mar keted. Later the purchase schemo was a is ing Is to of wln then for the period of war and for The ; enff between Japan and British contract in as to immeuiate June, results Dr. Yamashlna Is The ISrlllsli Government bought the wool at an price of about 31 cents a pound of greasy, with CO per cent, of the profits on sales for civilian account. Theso figures represent a fairly considerable Increase on pre-w- ar prices. British Government paid cash ln Australia fourteen days after appraisement, though a proportion of tho could not be shipped of a' dearth of tonnao. This un- shipped portion was stored away at and wish of the Imperial Govern- ment Tho measure was a generous one to Australia, and saved the situation of wool raisers and torallsts. ab,lbi:,od uio wool. .To Industry. ndds bcj nmt AUSTRALIAN TRADE COMMISSIONER Commercial Aim. rm by Mr. JAPAN SEEKING ARGENTINA TRADE In Need Raw Manufac- tured OPENED CHANNELS Commissioner From Tokio Goes Field Ex- presses for Future. of Tnr StiK. Sept. IS. In a statement made to tho press this city Sr. Itelzo who visit Argentina on of the Chamber of of he Is announced that he very well the of his Ho expressed particular with the reception by Re for he that the extended the clip 1917-191- 8 and. see oven than tho one wool year thereafter. th0s9 now now terminates commercial 1920. from his visit big wool the financial the pas too sanguine, of his Journey Is to a of the conditions of Is ln need of large of raw products, such as quebracho and and In Is ln a to with Yamashlna out the In and had place of the European 1914 the elnl the tries negligible, but ln 1918 to soma Such a Increase, even It may Tho activities of the , .i,.,im.tti. mn. Committee the controlling organization not but have tnJ reguU of a ot uio wooi pooi lur wiu ntuii j considerable mutual appreciation. Vcre ln a statement i -.- mio, v an. tabled In the House of Kepre- -' eared m th ,,.( Coatt oC enumn m jieimunn uio Lima. Peru, point the Interesting of 9. searon s wool fact Uiat Ereat as nas boen tho ncrease amounted to 2,025,486 bales, or of bank dep0Blls Jn the States 672 This compared With tile iirlmr fho war mHnr! llio of for the preceding season repre- - dep0slts (n tne flv8 of Bents an increase ui u,i SolUn been even pounas. rvcjbt i which praisea price ji ccnis punu ' I60D.IC4.M9 wool ln a greasy Btate and about 60 lioiina conts a pound of scoured Guard Australian Thn that the British pound. salaries and Sell and Bp ntiENoa Ayhes, behalf which mis satisfac future more cordial again average The be- cause risk chlot study wool, hides, supply largely because Beforo commer between Central n.iln. 1918-191- 9 outlined o,,,ic,i, Federal Iltadcr uuim Auguet The handled Inrrn.un figures Arr-ntl- 7.W3.7J5 Htntement 238.(100,304 Chile 37i7,4i: Total s&s.xk.k; oiaies...... - - ISIS. S71.679.SK K.M8J90.O00 or supply nas accep cu w.c ( Tn,s ncrease , tne deposl8 ot the recommendation that Wool bankJ of tnMe flvj ls not prices Ul uie Kvninw.y t(J inflation, for the have upon a uniform at .least three hy convcrslon8 ,x tne appTox- - monui i, w..,v. ..... . , t lnJnt Whlch Is for Argentina with tne neeu ot u eai i3 centa j pes0 for Bolivia. 39 aln's and Australia s interests, cenU ,B x bollvlan0i for Brazll 32 eluding the statement points that , j fe( for ch0 19 the Commonwealth Government will . ,i . i. nu guard Australian Industry and ono ,f prescnt ln Its control of the raUs wefe used m eftecUng tho conver-wo- ol exercising due caution there would be , chanKe tor ln the distribution of the product, but the p,,,,, of South American exchange ln mind always the fair Inter- - hafJ remaWed very strong ests of the consuming world at large. lho war A complete report, dealing wlUi Tne , bank deposits Is British of tho 1917-- 1 91 8 sea- - especla,y interesting ln view of the fact - the at war were rerjort says the latter season was , i, i,- - .m.,mi. nf thew- - nnt- - rcmarltable for tho fact that for the sUndnff capital for tho purpose of first time ln the history of tho trade war expenditures. Just how tho total wool of the Com- - much ornhe Investments In monwealth was valued ln Australia. South wcro liquidated it ls Inl ine nrsi lur wic began on November 5, 1917, products. 18.611,633,232 purchase European appraisement final appraisement was completed on (nat the gr,atest called Juno 29. 1918. The total quantity m from Bolivia nnd Tho same of wool submitted for appraisement i;oid9 t,uo regarding In the amounted to : latter It ls probable that large were to Europe &-V.V.V.V.V.- :::: Argentina, but the totals can only be J . guessed at for the of the Total l,968,9M pounds new Industries kept the exchange rates of Argentina quite firm nt an times. This represents B18.S49 separato i , . each lot. large or small, been! subjected to valuation by . ARGENTINA TO EbUtUtll. n tribunal of three final i - . In to tho appraisement Native JnrUt StnUea Ileport on growers' wool the nau to ( vi.it considerable of wool n.nnrkifl nnd seoured for the nccount Hiienos Arms. 28. Competi nt thn lirlllsh rjavernmeni. Tlin tlnn the United States rao prlco of wool In a greasy Europe will react as a benefit to this was 29 cents 6 mills per pound, country, is tne nenei u u. later to about 31 cents, and nicardo eminent Argentine for appraised In a scoured state who returned nome irora a vun w mt about GO cents per England's Total of be not position allotting sufficient to . WJt&t $Z requ rements. the pur- - 'owlng to the necessities of by the amounted to: SVSpe Argen-fireas- y , at the prescnt should In the of J164.4I2.9J3 75 SJ.S45.0sl.S5 construction ln Europe, said Dr. as by doing so It would aid European Tho total of all wool submitted capital as well ns American to for appraisement during the at ccnie here for the. of develop-th- e average of 31 pound . W the country amounted to xzo3.79i,o3:.z9. The charge to cover handling costs for ware- housing, delivery free on vessel, carriers, to government apprais- ers, remuneration to shipping houses and incidental to the scheme was 1 cent 1 mill per Wool and credits of the for the Commonwealth were as follows: charged centres Paclflo IMHon to Toklp pleased accorded Minister lations, reiat,onB Argentina, object general business during coun amounted though c(tcctlnB ieadlng countries 87.IW.Mt rent TTnlterl .Cttates. $1,307.TM.S7 1J.8J3.U1 S,83),437 countrlea figures cbtawcd rigidly keeping compencu meetlns Amerlca amounts income. having appraisers eiiirwara Increased Jurist, States In a supply After wool meet local balance country time. assist work 0M.7lJ.tT poind, 45.W6.W1 pounds Aldao, value capital season purpose board other expenses pound. season HOLD Ileturn ot Rio steamers In harbors will remain ln Imperial wool account session of Brazilian for Handling charses ss Indefinite according to Matias Australian manufaeiurers calogeras. ot who recently interest (July 51, UU) 2H.5M.ir jrom parIs. where he had been as n delegate to the Pence this must be debited fcrence for the Brazilian Government 1413,442, being the cost of exchange in Mr. Calogeras declared that the food money from London to Aus- - situation ln Europe extremely ecrl-trall- o, Tho report says that rate of ! ous and that conditions ln Germany were exenange Dy tho bankers, In view of existing financial conditions, was reasonable. DUE Closer Relations His 28. the be all to an JR. at ten .... been organized for the of and of Mexican relations between the for the of ciuiei ana me of Aus-- 1 u\ J. ,hi j, trails are expected to bo taken the arrival here next wir Sheldon, i,,. ti Th Mr. Sheldon pre.'- - believed that V.h ent time Is visiting our Industrial un the The new the distinction never having bean connected with politics. This point emphasized to American business men Iremler Hughes Australia during visit here when told the correspondent Tim Son had appointed Mr. Sheldon to his high here \for business men and not for the politicians.\ Sheldon, who ls years age. managing director Bros Sydney, tho largest com mercial nouses in Australia. Is nlso IS of Material Anxious Goods. WAR Over Staff Correspondent Argentina, Yamashlna, Commerce, with results sion. tion him Dr. Pueyrredon, Foreign expects not the make Argentina. amounts Argentina's turn position Argentina many manufactured Dr. pointed re- markable Increase commerce between Argentina, taken and war. Interchange two It $30,000,000. huge due Wool very rrwonl out pounds. America haB greater. nraill United 177.K0.6H Ministry Council's due been proteciing out even Interests production, 8,0Ja throughout the the that that ,.., production were ease very amounts also from development lots, Independent appraisers, addition irrt. valuo quantities Sept. and appraised state wool Purchases. that Hope Dr. Aldao declared that United was old Una cents per other BRAZIL TO SHIPS. No Time Set for German Vessels. Janeiro, Sept. German Interned Brazilian Murine war the 115S.DC0.30J.13 the Government period, 5.076.47J.M Minister War, 12ll,S90,s!.7i serving at sum transferring was the posi- tion fairly normal. said that belief prevailed In Europe that treaty peace would ratified without reservations. OIL SYNDICATE ORGANIZED. Aim Hnpplant Coal Liners. Mexico Citt, Sept. A British syndicate capitalized 19,733,000 Initial purpose of con- - bonds- - friendship stlmuTatine- - trolllnS Products petroleum commercial United cmPanle\ purpose replacing commonwealth following on was his the Is the to an the the by the has JItU iU 1 l. \ . a - - - w... The company will construct storage tanks to supply sections the world trallan of Marlt Trade Commfsstoner Z 't - Iate,t British battleships United States. at ths , the rrn\? manufacturing Coast. Australian Commissioner en-J- oy of ot he of he 47 of of of one of He of tor Japan Japan was United was British mcreaB8 nations Brazil. of ave- - between Aldao. chased cb pot 7,420,7o He of na- tions la all of will be supplied with great quantities ot this fuel by the new company. Da Onit Golnsj to England. Rto vm Janeiro, Sept. 21. Domlelo da (lama, former Brazilian Ambassador to the Urtlted States, has been made Am- bassador to Great Britain. Considerable Importance ls attached to this appoint- ment as Senhor da Dama Is one of tho most experienced diplomats In the Bra- zilian service. Legation Bnlldlnar for Salvador. San Salvador, Salvador, Sept. 2S. chairman of the Australian Bank of Work Is expected to begin soon on the dommrce, chairman of the Wholesale new building to be used by the United Distributors Cooperative Company of States Legation In San Salvador city. New South Wsles, of the The land for-th- edifice has been given N\W South Wales Chambr of Com. to the United fltatea by the Governmeat , more, chairman of the RepiMatlnn of Salvador and a decree has been itonra or Australia, snd a d'rector of promulgated permuting tne entry duty the AvtrVl-- n Amalgamated Glass free of all materials used In construe- - nome lactones, , ilon and also an furniture. H.SW.760.ISJ LATIN AMERICAN COLONY IN NEW YORK. Plcnora .Maria Valuer dp Soils, widow or prominent Cuban nnander an.l lter of the editor of \151 Dlarlo do la Marina\ ut Havana, Is rrglattred ut th lln-lio- Hall Hold with her daughter, Iopoldlnn Soils. Her other daughter, Iolo Solli, \hi wns recently married to Porcy Stein-har- t, son of Frank Stelnhart, presl-iK't- it ot the Havana Electric Light and l'ower Company, ha. gone to Philadelphia, whero Percy Stelnhart Is aerlouily 111 and ha. beon operated on. As soon as Mr. Stelnhart I. entirely cured they will all all tor Cuba. The Counters of Macurljei and her daughters, Mercedes and Carmen Montalvo, who are well wnown In Havana, are at tho Newton Hotel. They will salt for Ger- many shortly. Ramon Axtle, a Mexican merchant who resides In Havana, paxseil through New York en route to Europe. Ho Is at pre.nt In Paris and expects to return. ere later. Senorlta Elena Calderon, daughter of the Bolivian Mlnisttr. who made a sensational fl'jrht over the capital and Wash- ington Monument recently, has been mak- - ,K un exieceive automoouo lour. Paul K. Carter, who was farmerlr an ex ecutive of the Mercantile Overseas Cor- poration, Is now general manager of the export and Import 'departments of La in- born & Co. Itafael Fernandez de Caetro. sugar mill owner and prominent Cuban business man. Is DaeK in Havana arter naving spent some weeks in the mountains near New York on account of 111 health. Senor Fernandez de Castro Is much better, and will make an- other pleasure trip to New York in the near xuture. Victor iinrl f?nrlos Vere. sons of tho Porto mean patriot,' have returned to Porto ltlco after having fought and distinguished themselves bv tho side of Pembina's men during the world war. Hoth were wounded .ma recelveu several meuais ror ineir acis of bravery. They will visit New York shortly. ..... ... rl.t...... nt , .a o n rl h.P sin Gustavo are staying at the Vandell lioiei, t'liisneia, Aiass. incr mu roiuri. to New York aoon and then sail for Havana. ARGENTINA CREDIT REPORTED. 100,000,000 Pesos for Purchases hy Europe the Amount Loaned. Reports have been circulating ln com mercial circles in this city to the effect that tho Government of Argentine has established a credit of, 100.000,000 peso for the various liuropcan nations mai desire to mako purchases of grain, hides and other products from that country. While nothliig official has been given out regarding this Important credit It ls declared ln banking circles In Now York that negotiations have been ln progress for a lpng time. A year ago the Argentine Govern- ment established a credit of $200,000,000 pesos for allied governments and last April an additional amount of 200,000,-00- 0 pesos was requested from the same sources. CABLE BUILDING HERE IS OPENED .X Lutcst Automotic Dovicca In- stalled for Swift Trans- mission of Messages. ALL AMERICAS Structure Located in Heart of Export and Import Sec- tion of City. Equipped with the latest automatic devices for tho rapid and accurato transmissions of cab'e messages, the All Amorlcn Cables new building at 89 Broad street, has Just been opened for the handling of telegraphic correspond- ence between North, Central and South America. Firms nnd Individuals In this country doing business with Latin America attach a great deal of Import- ance to the completion of the new struc- ture and Its equipment. Officials of the company say that only by tho most persistent efforts has It boen possible, on account of war condl-lon- s, to erect this bulhllnir. trhlch houses not only the two duplex cables connecting this city with the Central and South American republics, but provides amplo room 'or tho new extensions Into Brazil ln the near future Situated ln tho heart of tho Importing and exporting, shipping and banking district, the structure Is tho- - first largo office building to be erected sinco tho great war began. It ls said by patrons of the company that the dependence of all social and commercial Intercourse of. the three Americas upon the All America Cables was so keenly realized during tho recent war that It Is unnecessary to point out what might havo been tho consequences had tho United States and Latin Amer- ica been forced to depend upon commu- nication routed via Europe. In addition to providing tho latest device? for receiving and Bonding cable messages, the new building permits the bringing together under ono roof of all departments formerly located on various floors at 64 Broad street and G6 Broadway. rr nank for llio do Janeiro. The continued development of the Canadian uranch bank system through out South America ls reflected In the announcement made last week that the Royal Bank of Canada has opened a new branch ln Bio de Janeiro, which Institution has also established a chain of correspondents In other parts of Brazil. RICA SEEK TO REVIVE of Professors la Also Planned. The rector of tho University of San tiago (Chile) has nskefl the Chilean Government to resume tho scholarship which has been established ln American nnd European colleges for the most dis- tinguished Chilean students, and which was discontinued when the war broke cut.' Chile used to expend 1100.000 pesos yearly on that Item. Thd State Secretary of Education sub- mitted to the Chl'.t'an Parliament for ratification the agreement of exchange professorship entered Into by tho Uni- versities of California and Chile. Ac- cording to tho agreement, the exchange proffssors may stay from two to four years, and tho teaching covers nil fields of knowledge Tho professors must speak tho language of the country to which iney are sent. MEXICO SEEKS TRADE. Active Cnmpnlftn In South Amer- ica Begins. \A large number of Mexican manu- facturers havo rightly gauged the In- tentions of the .Mexican Government ln trying to launch an active commercial campaign on those markets where Mexi- can raw materials as well as finished products might be and already are In great demand.\ This declaration has been mado by J. Lagurdu, who has been appointed com- mercial attache of tho Mexican Govern- - mcnt for tho furtherance of Mexican' commercial Interests In Central nnd South America. The manufacturers have responded to the call of tho Government by sending samples df their products which will bo exhibited by Mr. Lagnrda on his tour. GERMANY WANTS COFFEE. nrnzlllnn Merchants Expect Ka- mi nipt lun of Heavy Trnde. Rio de Janeiro, Brazil, Sept. 28. The resumption of trade relations with Germany ls being welcomed warmly by coffee merchants of Brazil who are look- ing forward to a great stimulation of coffee export by reason of the demands of tho German market. Eeforo tho war Germany was ono of Brazil's best buy- ers and Hamburg ranked only after New York and Paris as a cofteu centre., At tho beginning of the war large amounts of coffee were stored there, much of It the property of tho old Valorization Commltteo, but theso wero Immediately taken possession of by tho German Government and soon con- sumed. The stocks of coffee ln Ger- many are now practically nil and It ls predicted that the next few months will see large shipments on their way to Hamburg. i..H .My ens'- - ALL AMERICA CABLES tne opening of its new offices at 89-BROA- STREET in tne neart of tne import and export, marine and financial district. The only direct route to all South and Central American countries, viz.: ARGENTINA COLOMBIA BOLIVIA BRAZIL CHILE SERVES GUATEMALA HONDURAS COSTA NICARAGUA CHILEANS SCHOLARSHIP Exchange Announce ECUADOR PANAMA PARAGUAY PERU SALVADOR URUGUAY ALL AMERICA CABLES JOHN L. MERRILL. Pretest Telephone, Broad 7470 89 Broad Street, New York tll I
