The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-10-27

The commercial and financial Issues
of the present complications In Eu-
rope will be. or ought to he a larger
concentration of commerce ana finance
within the. geographical and maritime
borders OF the American continent.
considerable portion OF the Eu-
ropean South American trade should be
diverted to the channels of North
South American commercial inter
change. The sincerity of the business
men Of the United States who nave
announced themselves In former oppor-
tuhlues and in the present one as out
for South American trade are now put
to severe test. In my opinion, they
VIII succeed by the adoption OF the
Only possible meams OF success, or will
fail by the failure OF adopting these
means These are the extension of
credit to which Europe has rightly
ana deservedly accustomed the South
American countries-which credit has
already become a second nature to
their trade system-and the limitation
of profits of the North American manu-
facturers and financierB to the possible
lowest expression III their initial trans
actions.
The ambitions Of the North Amcri-
can traders with regard 10 profits in
their first commercial operations must
49, 'N p'oteu WV ii6iiI Dut once lncN
have acquired through libcrali,y and
square dealing good foothold In
South America, they will gradually cX-
tend their margin OF profits and cventu-
ally build up. with time and patience,
regular output for their products
which VIII be In the future the source
OF high and deserved satisfaction to
them.
Experience has ;oldyti that commerce
and finance move on parallel lines. II
British factories have succeeded in
placing in Uruguay rail and railway
materials 70 the value of scores Of
millions of dollars, II is only due 10
the fact that there have always been
british capitalists NJ hand 10 finance
those railways. Let American bankers
also do their share in order To promote
closer trade relations in our continent
Uruguay buys abroad almost every
manufactured goods which the United
states produce-machnery. agricultural
implements. hardware. glassware
haberdashery. wooden and cotton goods,
dry goods, paper. etc, as well as such
raw products or partly manufactured
goods as lumber coal. iron steel, ce-
ment, oils, sugar, hams, etc
Germany supplies yearly to Uruguay.
100000 worth of cloth and clothing;
100000 worth Of fencing wire $500, 900
worth Of hosiery; $250,0O0 worth OF
ccal: $4,000 worth OF printing paper:
$4,000 worth of tobacco; $780,
worth OF haberde sherry; 100000 worth
of cement; $4,000 worth of drugs: S75,-
COO worth OF galvanized roofing; s65,-
0oo worth OF bottles; $4,000 worth OF
rianos: $4,000 worth of sheep dip etc.
Now that the foreign trade Of Germany
is practically at n standstill, why should
not the United States avail themselves
OF this most extraordinary opportunity
nd rk,i ne
values to Uruguay? The trail To be fol-
lowed has been distinctly shown to the
American exporters by their European
competitors. Let them adopt their
methods. and POSSIBLY improve them;
let them submit unsrudgingly TO the
necessary sacrifices involved in the
capturing Of new markets. and they
Will most certainly get the expected re-
suits.
The three main export products Of
Uruguay are meat. raw wool and cattle
hides.
Tho importation OF Uruguayan meat
curing the first six months of the cur
rent year has been satisfactory. The
volume imported has reached value of
100000. and there is every reason
TO believe that as soon ms transporta-
ton facilities have been improved and
the world trade in this product normal
lied, the United States will buy from
GiuP utS ~ vi
worth of meats
Uruguay has e6,OO0,O0O sheep, which
yield from 14o,0O0.0OO to 1000. 900
pounds OF wool yearly. Practically the
whole production of Uruguay is ex-
ported. as there are no mills i'm the
country which would manufacture tie
wool
The present complications in CONT
mental Europe Will permit an import
ant amount of the wool crop Of Uru-
quay to be exported to the United
States at convenient prices for Amcri-
can mills. The extraordinary oppor-
tunity to acquire a good foothold in
Uruguay, which is offered to-day to
American importers OF wool should
not be neglected The best results will
be obtained by sending responsible
representatives to Montevideo. The
time lost and the expenses incurred
will be easily offset by tho great bene-
fits derived from the trip.
Uruguay sells abroad about $4,000
900 worth of raw wool every year.
Morc than sa0,00o,OoO is bought by
France, Belgium, Germany and Great
Britain. The United States bought
only 100000 worth of Uruguayan
wool during the fiscal year 1874 at
tho samN time ITrup,ay Ia n heoyv.