ioo SELLING LATIN AMERICA 
output, was exported in 1912. The bulk of 
these industries is controlled by American 
capital and many Americans are employed. 
There was mined in Peru in 1912, 268,000 
long tons of coal, 254,088 of which came from 
the mine owned by the American companies 
operating at Cerro de Pasco and was used 
chiefly in the smelters. Geologists estimate 
that there is a carboniferous area in this coun 
try of approximately 40,000,000 tons of coal. 
Peru is fortunately rich in being the pos 
sessor of petroleum fields yielding a high- 
quality oil, much of which goes to the States 
and Europe for purifying. One local refinery 
has a capacity of 300,000 gallons per month. 
The Standard Oil Company owns some of 
these properties, but the largest holders are 
British and Italians. In 1912, 214,947 metric 
tons of oil were produced. The national line 
of steamers are oil burners. 
In 1913 Peru exported over $51,000,000 
worth of cotton and $7,500,000 of sugar; $2,- 
000,000 of vicuna, alpaca, llama and sheep’s 
wool; $500,000 worth of cocaine and $3,000,-