74  SELLING  LATIN  AMERICA

ies  of  high  grade  ore  awaiting  the  discoverer.
Coal  is  found  throughout  the  south  of  Chile,
one  coal  field  alone  being  estimated  to  contain
1,862,000,000  tons.  Over  $7,500,000  is  invested ­
  in  this  enterprise.
Iron  ore  of  excellent  quality  and  freeness
from  sulphur  is  found  in  large  quantities.  An
American  company  is  largely  interested  in  developing ­
  this  market,  and  contemplates  investing ­
  $6,000,000  in  their  property.
There  are  silver  and  gold,  deposits  of  salt
and  borax,  as  well  as  cobalt,  nickel,  mercury
bearing  ores,  tungsten,  zinc,  graphite,  sulphur
and  alum.  All  of  these  await  proper  development ­
  as  they  exist  in  paying  quantities.
Much  of  the  territory,  which  resembles
California  in  scenery,  climate  and  formation,
is  given  over  to  agriculture.  Over  600,000
tons  of  wheat  were  harvested  in  1912  with
71,000  tons  of  barley,  50,000  tons  of  oats  and
40,000  tons  of  corn.  Some  authorities  claim
Chile  to  be  the  fourth  largest  wine  producing
country  of  the  world,  most  of  its  vintage  being
consumed  locally.