"Good Crops an Important Factor; Dominion a Source Of War Supplies Rio De Janeiro, Brazil, By Mail:—Fifteen billion tons of high-grade Brazilian iron ore no longer are on the auction block for sale to the highest bidder. Until recently Great Britain, Germany, Japan and the United States were angling for access to these reserves, sufficient to produce all the steel that Brazil could use in 1,000 years, says Frank M. Garcia in the "New York Times."
This huge supply of iron has been a bone of contention in many political wrangles in Brazil and a prime motive for the enactment of nationalistic laws raising barriers against foreigners coveting control of the rusty mountains of iron ore spread Šut over a vast territory in the State of Minas Geraes.
National Industry Now Brazil is actively pushing the setting-up of her own steel industry through a national company aided by the Federal and the State governments. A committee of five men under the chairmanship of Guilherme Guinle, banker and financier, is to organize the company, select its location for operations, build plants, order machinery and import foreign technical experts to train Brazilians in the craft,
Text read from the printed page and cleaned; old type leaves the occasional error.