Word: chiles
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...hundred years ago Chile exported its first ton of nitrate of soda. The ton was shipped to New York, where no buyer appeared, no one knew exactly what to do with it. By now the U. S. (and every one else) knows well enough what to do with Chilean nitrate. In peacetimes one throws it on the ground as fertilizer. In wartimes one must have nitrogen to make explosives. Out of Germany's War-time need for nitrates came various processes for making synthetic nitrogen. And out of these processes came ever-increasing synthetic competition for the natural Chilean...
Last week Chile celebrated its nitrate centennial with a drastic and complete reorganization of its most valuable in- dustry. The nitrate trust foreshadowed for several months (TIME, May 26) materialized as a $375,000,000 corporation: Chile Nitrate Co. According to the terms of a bill passed in the Chilean legislature and already agreed to by 91% of the producers, the Chilean government owns 50% of the trust's 300,000,000 shares. The Guggenheim interests, which dominate Chilean nitrates as they dominate Chilean copper, will hold the largest block of the remaining 50%. The present export...
...Nature. As in many another industry, time was when Nature had a monopoly on nitrates, which meant that Chile had a monopoly. For practically all the world's natural nitrate comes from a certain desolate plateau high up in the Andes in northern Chile, a 450-mi. stretch utterly barren of water and vegetation.* But since the War, synthetic nitrogen has been steadily rolling up tonnage, while Chilean nitrate has remained almost stationary. Thus, in the "Fertilizer Year" (which begins June 1) of 1927-1928, synthetic production of pure nitrogen was 1,267,000 metric tons, Chilean...
...Nature's aid in recent years, however, has come a deus ex machina: U. S. capital and U. S. industrial methods in the persons of the four potent Brothers Guggenheim. Originally focused on Chile by copper, their gaze wandered in 1924 to nitrates. Their key company, Anglo- Chilean Consolidated Nitrate Corp., has bulked larger and larger in the industry. Last fall it clinched its leadership by buying control of Lautaro Nitrate Co. Ltd., biggest producer of Chilean nitrate. Even before that, however, the Guggenheims had started their Oficina Maria Elena Plant working in 1926 with the epochal Guggenheim Process...
...Argentina's outlands last week tuned in by radio on the program broadcast from famed Colon Opera House at Buenos Aires, prepared to thrill to the voice of the booming Russian basso, Feodor Ivanovitch Chaliapin. Especially eager were they, for Chaliapin had declared that after he fulfills Argentine and Chile engagements he will return to the U. S., sing a few times, then retire...