New-York tribune., 1906-05-13
U. S. GETS PERU TRADE.
Irter-Couaptry Business Increasing
American Investments Large.

Peru differs from most Of the South American
countries IN facilities for trade with the United
States It's geographical position creates certain
tendency of the people TO look toward the United
States rather than to Europe as their nearest and
most accessible neghbor among the great pro-
ducing nations OF the world New York. even with
the present slow and unsatisfactory means Of COM
munication, is q week nearer lima than London
Liverpool, and, although freights are no lower.
the quicker passenger and mail service seems TO
create a commercial leaning toward the States.
This is partial explanation OF the fact that Amer
lean influence and American trade with Peru are
increasing TO a degree that cannot be matched IN
any other country of South America
It cannot be stated just what amount OF Amer
ican capital has been invested IN Peru. but s6OOO
900 would probably not be very far from the mark
It is invested in mining companies. rubber coupa-
nies electric tFamways and a number Of smaller
enterprises. such as the large match factory at
CaIlao and the Pacific Company, coal mining cor
poration at Hualgayoc- In the last year several
American mining companies have been organized
and It IS understood that a portion Of the new
Peruvian loan Of $5,OOOOOO is to be placed in New
York.
Not only is American capital being invested IN
Peru but American engineers. prospectOrs and spe-
cialists have invaded the country, and are busy
developing new schemes Of industry. The Cerao
de Pasco Mining Company has some two hundred
Americans IN its employ, in connection with its
mines. smelter and railway Tho Peruvian cor
poratiOn Is employing constantly increasing num-
Der Of American engineers. The Inca Mining and
Rubber Company calls for many Of our country
men IN the transaction OF its business, and
ber OF the United States Geological Survey has
been engaged for the last two years in studying
the irrigation possibilities in the arid coast region
of the republic In general the number Of Amer
leans In Peru is increasing rapidly and the Peru
vians are getting more closely acquainted with
American ways OF doing things. American cleo
trio cars are running between Lima and CaIlao.
ana Lima and Chorillos: American and loco
motives are most common on the railways. and
good deal OF the most recently installed mining
machinery is Of American manufacture. In these
and many other ways American influence IS making
itself felt.
The three greatest competitors for Peruvian
trade are England. Germany and the United
States but there has recently appeared q marked
difference IN the relative position Of the three.
American trade has increased 168 per cent since
lss9 or more than three times much as that OF
Germany, and more than six times as much as
that OF England We have already risen from
third place to second. II this rate Of increase IS
prevailing conditions, another decade Win place
us in the lead IN our traang relations with Peru,
which Is the position we should Of right assume
The total value of Peruvian imports in l9Oa
reached the sum OF SO 931 .000 an increase OF II
mar cent over that OF 1903, and q per cent over
$baA os 1892 Textiles, manufactures OF metals
ana foodstuffs including wine. make up the puA
~ foreign purchases. about fwo-thiros or the
r,boIa Manufactures Of iron and steel are assum-
,ng a greater relative Importance as the indus
cries OF the country are being developed 4hus'
a peru as IN several other South American T7-
nnhlies. We may expect larger relative oe'AaA1