"While, perhaps, the necessary foreign exchange to meet any large increase in imports of United States goods to those countries could not be obtained solely from their exports io this country, South America is destined to continue an important source of supply for most of the large European countries At the same time imports from European nations of manufactured goods will be negligible. It is important, how-over, that whatever new markets are opened in South America as a result of the war they should be so handled that they are not lost when the conflict abroad ends.
Regardless of how sceptical holders of the defaulted Latin-American dollar bonds are over the ultimate success of fostering that through the extension of further permanent basis the position of many South American bondholders will be materially improved.
Record increases aggregating 70 to 75 per cent in all forms of air transportation between the United States and South America for the first two weeks of September have been reported by ting, states our shipping correspondent, the|to the production of Controlled Lufthansa Line across the Andes between Argentine and Chile and temporary suspension of services in Peru and Bolivia and Brazil accounts for a September-to-date business increase of 50 per cent.
With shipping disrupted by war, interest is centered on the govern. ment's decision to ask for bids on important war material which must be i Latin America, therefore, becomes all source of one of this country's most essential raw matetials—manganese. During the last year Russia, India and Africa shipped 318381 tons of our imports of 483588 tons. countries, now imperiled by war, leave the field open to domestic, Brazilian and Cuban manganese.
Although domestic production has been as good as neglected since the World War, Brazil and Cuba have increased operations. The Cuban American Manganese Corporation, a subsidiary of the Freeport Sulphur Company, has more than doubled production during ihe last year as a result of concentrating manganese ore on a commercial scale by the floatation process. Government bids for the manganese, which will aggregate more than 100,000 tons, will be ct. 19.
Text read from the printed page and cleaned; old type leaves the occasional error.