The daily morning Astorian. [volume] (Astoria, Oregon) 1883-1899, 1898-09-25
THE WEALTH OF THE
SOUTH AMERICAN COUNTRIES.
Brazil Rich Country but Practically Tn
deyeloped-Praetical Suggestions for
American Investments.

NEW YORK. Sept. 2L-A special 10 IN,
Tribune from Washington says:
Consul General seager writing 10 the
state department from Rio Janerio In two
elaborate reports Just made accessible
slyes some exceedingly valuable informa-
tion concerning Brazilian resources and
trade with the United States. Inc con-
sui general calls attention TO the prodta-
ble business that might be done In the
shipment OF Brazilian hardwood 10 this
country. lie says traffic Is now almost
exclusively confined 20 rosewood. but
there are many other hne woods In Bra
Ell. some Of which are much cheaper and
even more beautiful than the one men
toned
Mining Is neglected
II il conhned to a few English compan-
len, although the mineral wealth OF Bra
I'll is well known Coal equal 10 the best
exists IN Rio Gnnde do Sui.
The sugar c1ne Industry has not been
developed. The production OF cotton is
general. but decreasing on the other
hand coftee production has so Increased
as 20 create ditiiculties which contribute
to the prevailing prices In Brazil. The
state OF Saopolo. which led all other
provinces OF the empire, now depends on
the one speciality OF coffee culture.
The grand total OF receipts OF the cof-
Zee crop for the year ending June D. 1885
was lo.co,i7S bags OF iS2 pounds, or sixty
Kilograms. with some loosely estimated
amounts besides The shipments were
II. .O22, $40 bags, estimated at an average OF
&75 per bag. The value OF this export
amounts to 50. 7l6. or this quantity
OF coffee exported the United States re-
celyed 47tO.6SS bags. In the last three
calendar years the shipments OF eonee
from Brazil were as follows: In 1896. g.
9lO.3 bags; In lSs6. 7.iSl,16l bags; in 1897,
10 S5s.165 bags. The New York prices per
pound on the last crop for quality No.
(spoO decreased steadily from l-l6c on
July /, 1897. to sac on May /. 1898. on
July /. lSS. the price had advanced TO
6hc on June 30 1895. the worlds visible
supply was calculated at 5tS6.OlO bags,
equivalent TO half years consumption.
The consul general traces the overpro-
ductlon In ten years prior 10 1897 the
market price Afforded an extraordinary
profit to planters. and there was an enor-
nous increase In the area OF coffee plan
tations Now these additional millions OF
trees are bearing
The estimates differ as to the crops OF
1861 The otiiclal places It at 100000;
the commercial at 100000 bags
Even the highest estimates are over
l. $4,000 bags less than the crop of 1915.
Mr., Seager makes certain practical sug-
gestlons one is that time for investment
IN Brazil is while things are depressed.
European capitalists, especially English,
are investing now. Financial and tech
Meal experts who know the French and
Portuguese languages should be sent. 4
or weekly trade journal should |
be established by Americans In Rio and |
published In the Portuguese language.
The consul general endorses the propo- /
'ition of Mr. Lippman, who furnished a |
,art OF his information, to have a syn /
hcate organized in the United States to |
establish permanent exhibition of ma
hines.