The Birmingham age-herald., 1919-10-10
FINANCING SOUTH
 AMERICAN TRADE
RY HOLLAND

l New York, October 9.-tSpeclal.) )-ooihe time in January there will be held 1 Washington the second Pan-Americaf l financial congress. The meeting may however be postponed until spring to informal suggestions, have come of th South American republics, especially Bra gil, that as January is a cold monti north of the equator, while 1t IS th' mid summer months in South America if may be for the personal comfort of thu delegates that the gathering be held per haps in May. it being the understandln' that this is usually a delightful montl l in Washington.
 | This pan-American financial congress will. it is expected supplement the secon' was held in midsummer of this year Already there are observed gratifying eff fects consequent upon the meeting of tn l 120O delegates who represented the Of fcial. commercial, financial and bushes 1 life of all the American republics at tn June meeting.
 Not the least among these gratifying results is the certainty that within short time there will have been estap 1 lished adequate steamship facilities De 1 tween the United tSates and the port of the South American countries. In tn mast the tagging in our South American | trade has been due to inadequate steam 1 ship facilities where as on the othe l hand Englands great trade with Soutl | America has been facilitated by her mad eouate merchant marine.
 It is now reported that from tn United States come almost eXactiy one | half of the manufactured products Una
 enter into international trade, This | spoken of as amazing increase sine l1e14. Just before Germany began ne march across Belgium the manufacture lproducts of this country which entere into international trade. where a llttl under one-sixth of the total trade Of Una kind. Now in five years this eountr is supplying almost one-half or tn manufactured, and a considerable portlo
 of this goes with the South Amerlca countries.
 INCREASE IN COMMERCE The director general of the Pan-Amel ican union, John Barrett, who is dl rector general of the Pan America union, and who is regarded as possessin the most complete information respectin commercial, financial and industrial cor ldition in South America ventured to stat recently the United States can with cor fidence look forward to the statistic l which will be reported at the end Of tn fiscal year 1920. As showing the larges and best Pan-American commerce tha has ever been known, at least in peae time. Mir Barrett speaks with enthus iasm of the fact that our shipping boar purposes furnishing adequate shippln facilities, so that the needs of the Far American trade will be fully met
 1 MEXICAN RAILROAD SYSTEM Mexico, notwithstanding its trouble bandits and gurilla warfare, is never theless, advancing stadily and somewhs slowly in it's industrial life. This 1a' has been disclosed since the meeting last June of the Pan nAmerican Commel
 cial congress. For instance, report have been received at Washington whic refer to the steel plant at Montere! lMex. No other engaged in like occupf tion in Mexico equals the capacity of tn lplant.
 Now it is operated at its full capa' itv. Spanish capital is chiefly invested The plant is giving an output of ste'
 rails and structural steel as well
 other commercial commodities.
 If anything like peaceful condition
 are assured in Mexico, the republic WI
 begin railway construction upon lare scale At least 1900 miles of railroad WI
 he constructed. For the operation or m
 road 50 locomotives have been ordered an
 secured. There is a feeline of regret
 Washington and in New York that DC
 litiical conditions in Mexico make II m
 possible fully to realize the great o nortunities which that republic offer
 Mir Barrett and others who are famnis
 with the resources of Mexico can. II Il
 dustrv be resumed. so cultivate sugar 10 match the production Of Cuha. IT tsoil and the climate are there; all that
 needed is capital and the establshme
 of frst-class refineries. Recently Pres dent-elect Pess.oa of Brazil visited u United States and the understandinS that this was chiefly due to the FN 5 American commercial conference. l visit was of importance because It reilec , ed the disposition of Brazil to lncrea ? commercial relations with the lni' s States.
 I Canada, the dominion to the nortn t tbe Tinted States and the Pan-Amerlc' republics. which are south or us e lkeenly alive to the opportunities Nn' g are now at hand. especially in me eNpr.
 tat;on of the wonderful resources. l : Tinted tSates lies between these "
 countries Our relations with DO
 should constantly increase and the pc
 authorities are of the opinion that Wit
 in few years our largest internatioii
 trade. by many millions the largest,
 be that which is maintained petwe