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Vol. 11. No. 41.
FOR AMERICAN RAW COTTON
CHILE OFFERS NEW
MARKET.
New York, Nov. 3.—(Special.)—
Assurances of an altogether new and
extensive market for American raw
cotton have been made by Senor
Adolfo Ortuzar, the consul general of
Chile in this city, who has just issued
an official commercial reference work
of 500 pages, entitled, 11 Chile of To
day,’ 1 under subvention of his gov
ernment.
The representative of the South
American republic declares that the
time is most opportune for the entry
into Chile, in exceedingly large quan
tities, of baled cotton from the United
States, provided that American capi
talists establish cotton manufactories
in Chile on a large scale. Raw cotton
is now imported into that country in
limited quantities, but Senor Ortuzar
is of the opinion that the American
product would enjoy a most extra
ordinary market there upon the com
mencement of mills backed by both
American and Chilean capital. An
enterprise of this character, the con
sul general believes, would command
the moral support of the government,
as the establishment of cotton facto
ries at Valparaiso, Antofogasta, Tal
cahuano, and other important cen
ters would materially lessen the entry
into Chile of manufactured cotton
goods from Europe, which last year
amounted to $11,500,000.
A similar venture undertaken but a
few years ago for the refining of su
gar in Chile has yielded its backers
tremendous profits. Until compara
tively recent date, the southernmost
American i epublic imported all sugar
consumed therein from abroad, but
since the establishment of reiineries
the entry of the finished product has
ceased, and only the unrefined sugar
is now brought into the country.
Startling revelations of the advan
tage that has been gained over the
trade of the United States in South
America by German, French, English,
Belgian and other European competi
tion are contained in the compendium
issued by Senor Artuzar, who is re
garded an authority upon -the com
merce of his country.
According to carefully compiled
and very complete statistics of the
foreign trade of the republic that are
included in the publication, the Eu
ropean countries named have succeed
ed, effectually, in excluding the steel
and iron interests cf the United
States from the markets of Chile.
Os the importation of steel rails
into the republic during the last year,
which totaled approximately $2,500,-
000, Great Britain captured business
which aggregated her manufacturers
$1,523,592, Germany following with
custom valued at $504,580, while the
United States secured orders to the
extent of but $38,984. Bridge mate
rial valued at $496,230 was entered,
Atlanta, Ga., Thursday, November 7, 1907.
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but in this business the American
trade did not participate at all; the
Creussot interests, France, having
supplies more than half the quantity
imported, and Great Britain and
France the remainder.
As an example of the insignificant
proportion realized by the United
States in the trade of Chile in
wrought and unwrought iron, which
reached a total of $5,532 r 358, iess than
$200,000 worth of that material en
tered the republic from this country.
No black corrugated iron (unpainted,
non-tinned or non-galvanized) was
sent from the United States last year,
although the importations from Eng
land amounted to $173,313. Nor did
the American mills figure in the en
try of unpointed smooth iron, which
totaled $783,687, and )f which aggre
gate the British interests succeeded
in bringing in $889,897 werth.
Against totals of $1,640,661 and
$1,172,631, shown by Great Britain
and Germany, respectively, in the im
portations of iron and steel, in bars,
the sum of $131,589 represents the
business obtained by the United
States, British smooth, painted, tin
ned and galvanized iron, valued at
“$197,640, entered Chile, with the
United States as a competitor to the
extent of entries totaling $144. The
aggregate of tin plate imported from
the United States was $45 during the
entire year, while the shipments from
Great Britain reached a total of $29,-
197.
As a conservative estimate places
$25,000,000 as the sum of Chile’s re
quirements in structural steel and
other building material, to be used in
the rebuilding of the section of Val
paraiso and the environs of that city
destroyed by the great earthquake of
Price Five Cents.
last year, the possibilities of profit to
the principal iron and steel nations
of Europe become apparent.
Senor Artuzar’s book is an authori
tative, comprehensive treatise upon
the internal resources of Chile, her
rapidly increasing foreign trade and
the commercial, administrative and
economic conditions of the republic,
especial attention being paid therein
to the present state of agriculture and
mining, included in the work is a
complete directory of agricultural
planters, mining and other industrial
proprietors, wholesale and retail mer
chants locate throughout Chile and
the exporters and importers at the
principal ports.
In a concise review of the financial
and economic state of his country at
the present time, the author treats as
follows of the effect upon the eoun
(Continued on Page Firs.)