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AyIMOON’S 7|K" I 1 x JEFFERSONIAN 1 bW ' EDITED BY $ • THOS. E. WATSON B 0 ' < • 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. A' A ife nil WliF I JbewccßACY ]||| ‘ 1 MH* PEMotvXrt mllll - 1 I* ’ V, wILIl um L-- post "Her "Bright Smile Haunts Me Still." 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.)