The results of these first experiments were not encouraging, owing mainly to the poor class of animals, but the exporters persevered, and the business steadily grew in value and importance, until in 1898 the number of live cattle shipped was 359,296, which then decreased to 119,189 in 1901, because of the foot-and-mouth disease.
Besides the indent business there is, of course, purely merchant business by Manchester exporters, who buy on their own initiative at what they consider to be opportune times or on recommendations from their houses or correspondents abroad.
During the great trade "boom" of 1905 there was a good deal of buying by exporters in advance of their indents because manufacturers continued to contract engagements which threatened to exclude dilatory buyers.
At one time Chile supplied Argentina and the entire West Coast as far north as California with wheat, but Argentina and California have become wheat producers and exporters, and Chile has been driven from all her old consuming markets.
This treaty was never ratified, and four years later General Hilarion Daza, who had succeeded Dr Frias as president in 1876, demanded as the price of Bolivia's consent that a tax of 10 cents per quintal should be paid on all nitrates exported from the country, further declaring that, unless this levy was paid, nitrates in the hands of the exporters would be seized by the Bolivian government.