The Bridgeport times and evening farmer., 1919-10-06
AN AMERICAN FINANCIER'S
 IMPRESSIONS OF SOUTH AMERICA

able the products of it's indefinable forests and plains, where grow hard woods of every kind, and where range thousands of cattle with practically no present value''
 The next country visited by MT. Keim was Chile and in connection with his observations there he says:
 While in Santiago I made a care ful study of Chilean conditions, meet ing as many men of affairs as pos sible. As in the case of Peru and Bo- livia, I was deeply impressed with the many indications of prosperity, and the opportunities offered.
 ''As I have stated the nitrate in- dustry is in a rather inactive state, but we must remember that the de- mands of war gave this industry and impetus far beyond the normal, re- suIting in a production many times in excess of the requirements of the worlds agricultural and peaceful pur- suits. However, with the coming of peace there will be, no doubt, 2 greater activity in agriculture throughout the world, which will per init of this industry once again being placed on a sound, economic basis"
 Of Uruguay, MT. Ke:n makes the
 
 "Of all the countries of South America, Uruguay at present is per haps the most prosperous. This con- dition of the country is due to the great development it has experienced in the past few years, especially since the war. Uruguay has a population of 1,400,0O0, and an area of 72,00O square miles. It is not very large compared with other lands, but it is doubtful if anywhere in the world there can be found a region so unl- formly fertile. At present, cattle raising is by far the most important pursuit of the people, accounting for more than 90 per cent. of the exports. Grain raising, for which the soil is splendidly adapted, is growing an nualIy in importance, and it is be- lieved by many that the time is not far distant when it will have super seded the range cattle industry almost entirely.
 The opportunities for American Il activity in Uruguay are, I believe, un- limited. Before the war, England and Germany had the bulk of the trade, but in the last two or three years we have become firmly established, and as the people of the country are very favorable to us, there would seem to be no reason why we should not be able to maintain our position after normal conditions have been re- stored.'
 Referring to Brazil, MT. Kein1 was of the opinion that it had a wonderful future. He said:
 "The opportunities of the United States in this great Republic are, I believe, mmeasurabIe. The people are energetic and progressive, and extremely pro-Amerfcan. Happily, there are already to be seen tangible evidences that American industry is aware of these. At Sac PauIo, for instance, Armour and Company are putting up a $1O,OOO,oOO plant, which should guarantee to the interests of
 this country a prominent position in the meat industry of Brazil which is growing very fast.
 ''In spite of the present high prices of coffee, caused partly by partial crop failure in 1916, and partly by the action of the Government in
 underwriting the purchase of the sur plus crop against the day when It should be marketed at a profit, the Government at present has huge re- serves on hand, but expects that the i demand of Europe, particularly thai 1 of the Central Powers will be so great that 1t will be able to dispose of this surplus without any effect on presenr prices. The coffee growers, too, an | ticipate a large increase in coffee con | sumption in this country as resuI ] of prohibition''