| Show I Tells TeI How ow World I II I War Has Crippled All AIL Latin atin America I 1 t. T d Y fa i i d flit DH E. E E C. C PRATT Tl July 24 Dr E E. E E. E WASHINGTON W. Pratt chief of ot the tho bureau of or foreign foreign foreign for for- eign and domestic commerce of or orthe the department of ot commerce has made madea a study tudy of or the trade conditions In Latin America as affected b by tho war lie He has considered the tho general economic situation of or th the Latin Americas the Immediate immediato effects of or the tho war upon th them m mand and the tho recovery If Ir an any up to date The commerce of ot L Latin America was cut in to half haIr Immigration ceased censed industry industry indus indus- try was temporarily paralyzed thousands thousands thousands ands of ot men were thrown out of employment employment em em- and all public Improvements except the absolutely Indispensable were completely suspended b by the war he says Although the they aro are separated separated separated sepa sepa- rated from tho the scene of or hostilities by miles of ocean they were much more severely affected than tho n nations contiguous to to the warring nations The reason for or this strong stron and sudden sudden sudden sud sud- den check to every lino Une of ot activity is Is Isto isto to be found in the closeness of ot the ties lies that have havo heretofore bound all the countries of ot South America and to a it aless less extent of ot Central America to the tho great European nations nations Eng Eng land Germany l- l Prance rance Spain Belgium and Ital Italy It Is only Toc recently that the United States has awakened to the strength th of ot these ties and has come to realize that the growing countries to tho the south couth of ot us are much moro more closely related to Europe except perhaps in inform inform form torm of ot government than they aro are to the tho United States The ties between Europe and Latin America are of two kinds financial and commercial In both they have ha been strengthened because of at the tho basic basic- fact tact that the tho Interests of Europe and South America have ha been reciprocal Europe has capital to Invest South America needs capital for dev development Europe has manufacturers and coal to sell and Latin America must obtain them thorn from abroad Europe must obtain purchase foodstuffs and raw materials and Latin America has an abundance of both to dispose of It Is this Hils fundamental fundamental fundamental funda funda- mental reciprocity of ot commercial Interests interests Inter inter- ests that has has' caused the tho Latin American American American Ameri Ameri- can countries to feel teel so 60 heavily th the shock of or tho the warIn warIn warIn war In at least leaM three of ot the tho largest countries countries coun coun- tries the war cut off oft Immense o loans in involving involving In in- millions of or dollars which wore i In process s of negotiation In Jul July The Tho nitrate coffee cocoa hides tin and rubber of at Eo South th America have havo been largely marketed In Europe On August August Au Au- gust 1 tho the European market practically ceased to exist The vast producing sections of t South America without without with with- out an outlet for tor their products Their chief sources Bounces of or income were or 01 salable anI only at a greatly reduced price I |
