The Montgomery advertiser., 1907-10-14
NEWCOTTON MARKET
TIME IS oPPoRTUNE FOR ENTRY
 INTO CHILE.
Raw Staple is Now Imported Into that Country in Limited Quantities. American Cotton Would
 Enjoy Good Market.


 New York, Oct. 13.-(Special.)- As surances of an altogether new and ex- tensive market for American raw cot ton were made today by Senor Adolfo Ortuzar, the Consul-GeneraI of Chile in this city who has just issued an official commercial reference work or 500 pages entitled Chile of Today, under subvention of his Government.
 The representative of the South American. republic declares that the time is most opportune for the entry into Chile, in exceedingly large. quan- titles. or baIed cotton from the United States provided that American capitalists establish cotton manufacto- ries in Chile on large scale. Raw cotton is now imported into that coun- try in limited quantities. but Senor oftuzar Is of the opinion that the American product would enjoy a most extraordinary market there upon the commencement of mills backed by both American and Chilean capital. An en- terprise of this character. the Consul General believes would command the moral support of the Government as the establishment. of cotton textile fac tories at Valparaiso, lAntofogasta, Tal- cahuano ani other Important centres would materially lessen the entry Into
 
 from Europe, which last year amount ed to $11, ,500000. at
 A similar venture undertaken but a few years ago for the refining of SUI gar in Chile has yielded it's packers tremendous profits. Until comparative ly recent date, the southernmost Amer ican republic imported all sugar con- stunned therein from abroad but since the establishment of refineries. the-en- tru NF ha Gnfo hzH varndIrCf has GRaEQd and only the unrehned sugar is now brought into the country.
 Startling revelations of the advantage that has been gained over the trade of the United States in South America by German, French, English, Belgian and other European competition are contained in the compendium issued by Senor Ortuzar, who is regarded an authority upon the commerce of his country. l1
 According to carefully compiled and very complete statistics of the foreign trade of the republic that are included in the publication, the European scouTi- tries named have succeeded, ,effectualiy, in excluding the steel and iron inter- ests of the United States from the markets of Chile.
 Of the importation of steel rails into that republic during the last year,
 
 Great Britain captured business that aggregated her manufacturers $l,523.- 592, Germany following with a cus- tom valued at $504.5S0, while the United States secured orders. to the ex- tent of but $3S,9S4 Bridge material valued at $496.23o was entered but in this business the American trade did not participate at all; the Creus7 sot interests, France having supplied
 
 and Great Britain and France the re- mainder. ~
 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,S32,35S, Jess than $200,00o worth of that material entered the re- public from this country. No black corrugated iron (unpainted, ntinned or non -galvanized) was sent from the United States last year although the importations from England amounted to $1TS,313. Nor did the American mills figure in the entry of unpainted smooth iron, which totaled $7SS,6S7 and of which aggregate the British in- terests succeeded in bringing in S6S9,- S07 worth.
 Against totals of $1,640,661 and $1. | 172621, shown by Great Britain anC Germany. respectively, in the importa tion of iron and steel, in bars, the sun of $131.5ss represents the business ob 1 tained by the United States. .Britisl l smooth, painted, tinned and galvanized iron, valued at $197,640, entered Chile with the United States as competi tor to the exent of entries totalinl $l44. The aggregate of tin plate i'm ported from the United States was $4 during the entire year. while the ship ments from Great Britain reached [ total of $294,1s7.
 As a conservative estimate place s25. 900 900 as the sum of Chile's re ouirements in structural steel ant other building material, to be used il the rebuilding of the sections of Val | par and the environs of that cit. destroyed by the great earthquake o last year. the possibilities of profit l. the principal iron and steel nations O Europe become apparent,
 Senor Ortuzar's book is an authori tative. comprehensiye treatise upon tn internal resources of Chile, her rapid ly increasing foreign trade and tn commercial. administrative and eco homie condition of the republic, espe cial attention being paid therein tc tn present state of agriculture and min ing. Included in the work is com plete directory of agricultural planters mining and other industrial proprie tors. wholesale and retail merchants located throughout Chile and the ex porters and importers atsthe princlpa ports. M ,-
 In a concise review of thu financif and economic state of his country q the present time. the author treats a follows of the effect upon the country nrosperity of the earthquake of. las year:
 "Few years have had so many Vicis situdes and alternatives of prosperit. and ruin in store for Chile as 1906 and none perhaps has left such marke' traces behind it.
 "On one side a part of the principa harbor of Chile-Valparaiso- prac tically destroyed by an eartfluak which desolated part of the centra valley of Chile and demolished cttie which it had taken centuries 10 form On the other hand, a benedcie1t prov | idence compensated largely Tor lhi disaster, for the year of the NatpaHals earthquake was a year Of the greates nrogress and welfare and the mos nrosperous one as to business
 "AIl the Chilean export products ha a considerable rise in tha worlds mar cts and especially nitrate and coppe reached during the last few months nrices almost unknown before. Cpnse 6nently. money has been flowing int the Chilean markets at rate that th nresent situation, after the earth hquakt is such that the demolished houses cal he easily rebuilt with the ordinary re sources of the country. Furthermore