The Birmingham age-herald., 1920-06-21
Daily Wall Street Gossip
BY HOLLAND.

purpose of making available extensive and fertile sugar bens. But he had in mind also the rich iron and copper deposits, some of which are to be ex-
 plotted by American capital within the next three or four years. He made no reference to oil probably because at
 the time he spoke of Cuban resources
 the oil industry had not commanded the Importance which is now charac- teristic of it.
 HENRY M. FLAGLER'S OPINION It was with Cuba partly in mind that MT. Flagler constructed his Flori- da Coast Line railroad. contemplating
 the now completed ocean ferry be- tween Key West and Havana, which could be crossed in a nights time .Nr Flagler believed that Cuba and south ern Florida would join hands in de- Veloping certain industries. especially sugar cane and tropical fruits. Neither
 MT. Flagler nor Sir William Van Horne had knowledge of a fact which re- gently has commanded great deal of attention in Cuba and which justi- fies the Cuban leaders in saying that in the next 10 years the cultivation
 and marketing of hemp in Cuba will surpass the cultivation and market ing of tobacco. For it has been learned that hemp will grow where nothing else can be cultivated and that eli lidIlC lHllutnCeS. SuCn as neaNX rams. or great droughts have no effect upon it. Therefore. it is the belief that within a few years Cuba will become greater source of supply for hemp than Yucatan. So the leaders of in- dustry and finance of Cuba are now saying that the chief soil products of Cuba will be within the next 10 years. first sugar, second hemp. and third tobacco. If this prediction is realized then will od bacco
 Our own leaders in commerce and . industry and those who are of influ- ence in the investment of capital will speedily be found calling attention to the potential prosperity of Cuba which with its neighborly relations with the United States will make it from the economic and trade point of view real ly almost a member of the family of
 the United States. although it's re- l publican institutions are so well per- fected and so cordially approved by
 the people that the permanent inde- pendence of that republic, probably
 Tree hereafter from the danger of in- 1 teynal revolution is assured
 LOOKING TOWARDS MEXICO American capital is now only await
 ing assurance that the new Mexican
 government may be relied upon to | maintain safety. order and friendly relations with the United States to
 make investment in Mexican resources. silver. gold and probably cattle Word | has just been received in New York | from the Secretary of the American ! Chamber of Commerce in Mexico City 1 that the revolution has been followed I by strong indication of a change of sentiment in Mexico towards American ] business interests. Transportation
 the unimpeded shipment of goods | through Mexico now seems to be as- I sured. The credit situation in Mexico | is excellent and the volume of busi- ness between the United States and | Mexico is sure greatly to increase \ Mexico will encourage the investment | of American capital and the new gov ernment will protect that capital l Therefore. it may be that within a few years, perhaps before the end of the
 new administration commercial rela- I tons of magnitude will have been es- 1 tablished between Mexico and Cuba
 on the one hand. and the United States on the other.