THE PANAMA CANAL.

Stratford Evening Post, Volume XXXVIII, Issue 97, 17 April 1914, Page 5

THE PANAMA CANAL.

EFFECT ON IRON ORE TRADE. [By Electric Telegraph—Copyright [United Press Asboouttow.i London, April 16. The opening of the Panama Canal Iwill make the utilisation of immense iron ore deposits in Coquimbo in north Chili, a commercial possibility. High freights and tho long sea route have hitherto been a bar to tra'ie. Swedish firms are constructing 16,000 ton steamers with exceptionally deep water ballast spaces, which are exempted from measurements under the canal regulations. As the ore bulks small, these freaks will not pay more than 5000-tons vessels. Coquimbo is a province of Chili, South America, inclosed by the Aconcagua on the south, the desert of Atacama on the north, the Andes on the east, while the seaboard is washed by the Pacific on the west. The country is barren and dry, but rich in mines. The capital city, Coquimbo, or La Serena, is one of the principal seaports of the province, and is situate nearly a mile from Pacific Ocean. Here are the smelting furnaces, and a railway, which was opened in 1862, connects the town with the mining districts.