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•à-isr A WEEKLY JOURNAL OF TRÁDE, FINANCE; ÉC#_SlItS AND SHtpÀNG.
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M. V. ALCÂNTARA 22,000 TONS GROSS. THE ROYAL MAIL STEAM PACKET COMPANY REGULAR SERVICE OF MAIL & CARGO STEAMERS BETWEEN
'* •? ALSO TO RIVER PLATE & PACIFIC PORTS. THE LARGEST AND L1TCST BRITISH MOTOR LINER "ALCÂNTARA"
22,000 GROSS TONS 32,000 TONS DISPLACEMENT .> TO EUROPE 4 FROM SANTOS, 13th March 1928. :-: FROM RIO, 14th March 1928. PASSAGE RATES AND FURTHER INFORMATION FROM
RIO GRANDE DO SUL RIO DE JANEIRO SANTOS The Royal Mail Steam Packet Co. VICTORIA BAHIA SAO PAULO PERNAMBUCO
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-BRAZILIAN REVIEW. Febroary 9f 1928. IT WILEMANS
e-'\ ¦ . '•';.*¦*•' £$fLi ¦¦' L © NA r"-- "Locomotiva >» Marca Registrada
WATER PROOF CANVAS ROTPROOF FOR ALL PURPOSES AWNINGS, HATCH COVERS, SAILS, TENTS. BOAT CÕVÉRS. RÃÍLWÃY WAGGON COVERS, CART COVERS, TRAMCAR BLINDS, MOTOR-CAR mi- HOODS, SUNBLINDS, FILTERS for SUGAR FACTORIES, etc.
MANUFACTURED BY The 5ao Paulo Alpargatas Company
SOLE SELLING AGENTS EDWARD ASHWORTH & Co. —Rua S. Bento, 26, Caixa 675—RIO DE JANEIRO. »:¦ ~^^-m^^^^m—mmm-m—^^^^^^^^^^^^—^^mmmmm^m^^^m—mtÊÊ^tmm SÀO PAULO BAHIA PORTO ALEGRE Rua do Carmo, 13 Rua Portugal, 5-1° andar Rua dos Andradas, 259-261 CAIXA 559 CAIXA 43 CAIXA 399
J___.' «_*» Booth Line, Liverpool Regular Service of Passenger and Cargo Steamers Between NEW YORK, NORTH, MID and SOÜTH BRAZIL (CALLING AT BARBADOS)
«w.; also between LIVERPOOL, HAMBURG, ANTWERP, HAVRE, VIGO, OPORTO, LISBON, MADEIRA, PARÁ, MANÁOS, MARANHÃO, CEARÁ, PARNAHYBA, IQUITOS. Agents for NORTH and SOUTH AMERICA
PARA . PERNAMBUCO Julius von Sohsten BAHIA MANAOS NATAL RIO DE JANEIRO MARANHÃO Boolh CABEDELLO S. A. Whorton Pedroza SANTOS CEARA & Co. (L'don) Lld. MACEIÓ R. B. Paterson. RIO GRANDE DO SUL Wilson Sons & Co. Lld. PARNAHYBA VICTORIA Arbuckle & Co. PELOTAS IQUITOS FLORIANÓPOLIS Guilherme H. ChapHn PORTO ALEGRE PARANAGUÁ: Emprezã de Melhoramentos Urbanos de Paranaguá. SÃO FRANCISCO DO SUL, R. ON. Addison. BARBADOS: Laurie & Co., Ltd. \ BOOTH AMERICAN SHIPPING CORPORATION 17 BATTERY PLACE —NEW feftr YORK*;':'-^^'":::^:^
s*E February 9, í92«. WILEMAN-S BRAZILIAN REVIEW.
_ \__¦ THE WESTERN TELEGEAPH COMPANY. LIMITED. ai nipc«T o^. 5tib,,,l,ad '¦ Br«" w« DIRECT ROUTE UNDER ONE MANAGEMENT. Cible Ststlons In South America. WESTERN TELEORAPH COMPANY EATERN TELEORAPH COMPANY Pari (Belém), Boulevard da Republica N. 48 ___._____) ^^^_\ ____h_-^-____ LONDON: Electra House, Moorgste E.C. Maranhão (S. Luiz), Av. Don Pedro 11 N. 24 Ceará (Fortaleza). R. Floriano Peixoto N. 22 Liverpool: K 13, Exchange Bnild ngs. Pernambuco (Recife), Praça Oeneral Arthur OsiOscar Maceió___c,tié.M3irÍ^ui\ (Jaraguá), Rua s»Sá e Albuquerque. N. 95 Manchester: 55 Spring Qardens. Bahia (São Salvador), Rua São João N. 7 _w/ ______ ___ffi !¦_____ X**** M*w"^^_h_V Victoria: Rua Pereira Pinto N. 6. Mf NIVKTOJJLJH _\_\_-m\)___T''$_\ ____ Olasgow: 40, Royal Exchange Square. Rio de Janeiro. Avenida Rio Branco N. 117. Santos: Largo Senador Vergueiro Newcastle-on-Tyne: Maritime Buildings, King São Paulo: Kua 15 de Novembro No. 39a. Street. Santa Catharina (Florianópolis), Rua Pinto N. 20. João ______M ____ \_-W_r~/_*ta"" ? / \v Pirmingham: Ouildhall Buildings: Rio Orande do Sul: Rua Andrade ______^_W______wT______i Neves N. 94. °-***** I URUOUAY: __fc «»^__Pv^«B l____^-T_____ÉW--_É-V i ¦_; Bradford: 4, Commercial Street. ___\\W-__W-WB_í_rl...y _myi__-mmS \X_.:_"m{ *¦ 4&vy*_____*•~ Montevidéo, Calle Cerrito, 449. bV______MH______S9 Bv -**tm*kÊxTL____-^__^____wIil______wâ___^'o^^^^_^Ji\W___^__f-__a •? _ ¦0_3 ¦*_••..P__r «,.«h»_" -A_i*v/J l m_W______9ã I Leeds: 72-A, Wellington Street. RIVER V__f_-__-K^H--H <<•" ^/-___H I i_F__HI_ ^fci..«M»'n« l PLATE TELEORAPH CO «¦_B-_gre&_W_»_M_l_l -CRNAMBUCO; JM AROENTINA: ^Uí .wS t__ml__r_^L-o-»,.i »-"'»AiM | KfflHlHHHMBli'-0"'0'_7>iM(AA______---l-_ // Cardiff: 33, Mercbants* Exchange, Bute Docks. Buenos «*WiffFa*ri1^ ""'^BPUS Aires: Calle San Martin Nos. 333 e 337 IV HuniMM «.«te... '>JAm*______mml;""1""1' lã/i \_m ______ "'0 JANEIRO «*!ÍS-P^'______«W _____> 'oxsxmtots/ M Madrid: Calle de Ia Colegiata 13. WEST COÀST OF ___ _B_-T V_V mt san11*i;Iv)^'S_í______i_w______^b ft /# AMERICA % v _B0»«"7*__y__i ¦ *-"•') t«__a Br_C___M_____^i __¦ 6 /# TELEORAPH %V ______f/,. «c.«-«.•¦ ;_Wr____W__l _m__W______u_\ IÊ COMPANY la Rlfül,/ • i<-••'-'HWmm w7—_\ ______/^ Lisbon; Rua do Arsenal. CHILI: ^_É_.^____i HW^_------t A"?" ^s_LJ___ \^-^__*_i______\ ______\^^-\\_____^sS _./ áW Arica. Pisagua, Iquique, Antofogasta, La Serena. THE WESTERN UNION TELEORAPH Coqüimbo, Concepcion, Coronel, Talcahuano. A_wl BS8S_SiK'/i_2 \wM'' COMPANY. Valparaiso: Calle Prat,217. VKS {_W______\______\\\_éT' Santiago: Calle Huerfanos,1 No. 944. New York: 195 Broadway. PERU: Callao, Lima, Mollendo. Boston: 169, Congress Street. Halifax: 140, Hollis Street. PLEASE MARK YOUR TELEGRAMS:- From South America to ali Parts: To South America BRAZIL.... OREAT BRITAIN Via Eastern-Madeira Via Western, FRANCE: Paris 8c North " England-Madeira URUOUAY To Brazil t» i> " South '.: Malta-Madeira Europe 8tc Madeira OERMANY Madeira »* ARGENTINA & PARAGUAY: To Brazil. .... Rio BELOIUM Belgo-Eastern-Madère de la Plata HOLLAND " Eastern-Madère fr To Europe &c. Ascencionor Via Madeira. ITALY » Malta-Madeira CHILI *l SPAIN » Eastern-Madeira " Eastern » Punta Arenas '**_ Radio-Eastern PORTUGAL St. Vincent PERU & BOLÍVIA NORTH AND CENTRAL AAjERICA and WEST ." __ Cable West Coast IND1ES, etc Western Union AGENCIES: PARIS. R. B. I_evacl_t Roe te Rtche.Ien, 73; BRUSSELS: 58 Roo Van Hammóe; HAMBURG; Mdnkeberostrasse Caledoala Haus 5; PORTO ALEGRE: IV. Jardlne, Ediíiclo Wilsoa, Praça Senador Piorando. I HEAD QPPIOB OP THE 00«PANf: ELSCPRA OOCSfi, MOORGATB, LONDON, E.C. 2. Tá TIbe y*^5c$%m 0 Commercial Helegram Buteauf /^k___È__^/\ LONDON 7\Z A _ _y_,NV_ I / «-'VERPOOL \#rt\ Supply Official Reports and of ali the leading lIQZI PARIS HAVRE. \>.\\ Quotations American, f/l_J| AMSTERDAM I ll I _gl NEW YORK J-^|| European, Brazilian and Indian Markets to the Cotton, Coffee, Grain, V^\ RIO DE JANEIRO JPj I Tá \\^_\ Santos S. Paulo /___/F vOAIbUENOS AIRES /&// Produce, Provision, Petroieum and Sugar Trades of Europe and Ame- V, *^fc««S__ V'D E__^_^T_/ rica ; also re-transmit Private Despatches by Cable to multiple ad- _i dresses in Europe and North and South America.
:' ' I Subseribers fupnished with Intermediate op Closing American _\ Reports at night by spaeial appangamants with London, Liveppool, op fl Amsterdam Offiees. 0
For Terms, &c, apply to Chief Office: _ fl COMrELBURO, Limited, 11, Tokenhouse Yard, London, E. C. 2 (open day and night) "COMTELBURO." _ Registered Telegraphic Address: Telephones: London Wall 5060-1-2-3 (4 Unes) London: 30 Mincing Lane, E. C. 3. TeleptlOlieS. Bahia: Largo das Princezas, 22. Caixa 203 Liverpool: 7, Rumford Street. 1983 Central R. de Janeiro: R. da 152 2o and. > 266 fl (two) Quitanda, 0 New York: 34 Stone Street Whitehall 6557 Santos: Rua Cidade de Toledo N.° 4 » 243 Amsterdam: De Clercqstraat, 20 3268 Z São Paulo: Rua 15 de Novembro 17 A » 1281 _\ Havre: Rue Victor Hugo, 136 534 Monte Video: Calle Sarandi, 469 Tel. 1093 fl 0 Antwerp: 41, Rempart Ste. Cathénne. 11852 B. Aires: Bolsa de Comercio, 239 — Tel. Pernambuco: Rua Bom Jesus, 35.Caixa 146 U. T. 31-2420 ^^^^^^)^^^^_&___l___^_____^______^______
\ ¦'¦¦'. IV WILEMAN* BRAZTLIAN 1 LAMPORT & HOLT LINE * #fc ~ —THE "DE L^XE" SERVICE — YORK, BRAZIL AND RIVER PLATE. FAST MAIL AND LUXURIOUS PASSENGER STEAMERS BETWEEN,NEW and built for travei between North and South America, Th. ateamers forming the famo»."V fleet were ali sp*clally designed tennis courts, loungea, dlnlng: and offer the ma*lmum comfort. Large airy cabina, broad long decks, gymnaBimna, permanent rooms, and verandah caféa are particularly adapted for tropical cruising. aaloons, srooke "VOLTAIRE», «VAUBAN» "VESTRIS" ON THE «VANDYCK», OR fRAVEL TO NEW YORK VIA TRINIDAD AND BARBADOS
M__pM.»»-M»M^«jMiffMB^BMi^^^Bi^^a— a jw; T -f -f MjJ% ¦¦¦¦ æ a*À. -''t--'"*•** ^ ~J*\\r*f?a\*á\*^ammWSammWam JMBM'FHiu^'^J'5i? * ilfc**", A**** '¦ W*ÒfíÍ*í^Êmmm\\l^*zTMr9jj^-^TfmTfiSBSH» ^1 rf jKy jy^Jb* - SAILING P|í 7 ÍI2XPÉCTED * FOR NEW YORK ;V I FROM NEW YORK: Bft r^ffllWÉlf.iT^1 i i'J illl^IlMWlllniM'11 'M^MfHItBMlgMHliFiVffWW K__BJj!ffi_P___M!fl*M^ EBBaglsi^flBKaSIlKigBl^^ *-.'íS3m I :í:\ 1 VESTRIS.... 20th Feb. VAUBAN.... 19th Feb. '¦*f£i'3?.'ir',-i VOLTA IRE.. 4th Mar. |»cr|B&Bfl B^jímiRbM* JHàSfiMJM» *^^"flKBjBbij^^aHSmw^fe*^,!»'t *. VANDYCK.." 4th Mar. : 'Y \l\*S¦•^wr^\\**^eH^l*^^
Bir $ g^______K^^______^______ ¦- ^i* ¦•«¦Vííw I JKÍJpÍB»Ji|H '. -' '¦»¦ "0-'-2
"VOLTAIRE" and "VANDYCK" call at Pernambuco Northbound. *-..:*: W^aÍ'** Lamport i Holl, Ltd. ~y*ff'- ''ff^f1. Santos: F. S. HAMPSHIRE & Co., Ltd. RIO DE JANEIRO São Paulo: F. S. HAMPSHipL^\Ço„ Ltd. Bahia: F. STEVENSON & Co., Ltd. Avenida Rio Branco, 21-23 Buenos Aires: LAMPORT &* ÜOI^^tà. Montevideo: REAL DE AZU^ Pernambuco: WILLIAMS & Co. TEL: Ni 6671 M. S
THE NORWEGIAN SOUTH AMERICA LINE REGULAR SERVICE BETWEEN <>'•-; Norway, Denmark, Finland, Baltic Ports, Brazil, Ri ver Plate & vice-vérsàí
FOR RIVER PLATE: FOR DENMARK, NORWAY, FINLAND & BALTIC PORTS: v s/s LISTA—Ioads about 13th February for B. Aires. m/s BORGLAND—loads Santos/Rio about 26th February. m/s-BAYARD—loads early March for B. Aires. m/s PARA—loads Santos/Rio about 3rd March.
____Bc' ¦ «?.-' ,rrj.- For further particulars apply to the Agent irppnRii/' cr iv i^^ cri l_j a, ¦—¦*¦**- RUA DE SÃO PEDR0 No*9—RI° DE janeiro. ¦ T\ E- LJ t*\ I IV tZ. |\l V3 CZ. L. tl af\ R I — PRAÇA *>A REPUBLICA 51—SANTOS.
NORDSTJERNAIST
Mc'' Sfi8p:-''-'':'' JOHNSON LINE FLEET: 14 MOTOR SHIPS, TOTAL TONNAGE, 91,000 TONS. Regular Service between: — Finland, Sweden-Brazil. Finland, Sweden-River Plate. Finland, Norway, Sweden-Chüe and Peru. Sweden, Norway-North Pacific, and vice-versa. SAILINGS FROM SWEDEN: SAILINGS FOR SWEDEN & FINLAND: From Rio: SAN FRANCISCO —25th February. KRONP. GUSTAF ADOLF — lOth February. LIMA —8th March. _- VALPARAISO — 27th February. KRONP. MARGARETA —28th March. PEDRO CHRISTOPHERSEN —llth March. For further particularly apply to the Agents:— Williams & Co., Pernambuco; H. Gueudevüle & Co., Bahia; Johnsort Line- Agencies, Santos; Ewdard Wigg & Sons, Rio Grande; or * RUA - LUIZ CAMPOS 84, VISCONDE INHAÚMA, 84—RIO DE JANEIRO.
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A WEEKLY JOURNAL OF TRADE, FINANCE. ECONOMICS, AND SHIPPING
Vol. 19 THURSDAY, FEBRUARY 9, 1928 No. 6
The Rio de Janeiro Flour Mills & Granaries, Ltd. OFFICES — RUA DA QUITANDA, 106/110 — RIO DE JANEIRO. E.C. J. HEAD OFFICES- 48, MOORGATE -LONDON BRANCHES. SAO PAULO BELLO HORIZONTE BUENOS AIRES ROSÁRIO Rua • Boa Vista, 13 Rua Curityba, 434 WsT 443 Calle Sarmiento 660, Calle Sarmiento -Mi: ' "*-Pm £___ ""« GamW-1 No- ¦ FLOUR MILLS: . *****--;__.- THE MILLS MARES ARE:— ¦ -#*¦'¦ "GUAP.ANY," msm "BUDA "NACIONAL," "SEMOLINA," "BBAZILEIBA," NACIONAL." ^ m AWARDS:- Gold Medal: Paris 1889 _. . pJ*lt!â?iS^ ^ bSzII 1922. Flrsl rri_írST^ie91BrZÍ1 ^ors* .o-oonr, - International oJS SSSA MILLS: Rua Gamboa Ho. 2-36 COTTON ____. 1922. Grand pri_e __ inter„atipnal Centenary Exhibition of Brazil
•i_.1v SOLE AGENTSBISCOITOS FOR: AYMORÉ LIMITADA. >-)p AT HALF THE COST. QUALITY EQUAL TO ENGLISH BISCUITS BUT Brazil 1922. Grand Prize — International Centenary Exhibition of de Minas Oeraes-Jniz dc Fora. 1927 Hors Coneours-Exposição Industrial e Agrícola do Estado e Commercio. Hors Concours- I Exposição dc Agricultura, Industria 1927. Membro do Jury I . Hello Horizonte, MASSAS ALIMFNTICIAS AYMORÉ LIMITADA. .«7. do Estado de Minas Oor„^ de Kôra. Hors Onc.urs-Exposição Industria, e AgricolS de Agricultura, Industria e Commercio. Hors Concours {Exposição Horizonte, 1927. i Membro do Jury Hello machinery, These factories¦a^e8ca^eb^nflp{,aken are equipped with the most modern and hygiemc These in the mannfaotnre of their produets. _ Box "EPIDERMIS- Telephones NORTE 1450/1 H* ™<» QJM Telegrams AGENCIES IN EVERY STATE IN BRAZIL. LIMITED. BRAZILIAN WAH8AWT ABFjCY AND FINANCE COMPANY ãÉ* 52,000,000 Ãmu®iM&® Capitai, • GapiT-LX Pai» up . . Í1,62S,000 -.0.4. ;-y-_. HEâD OFFICBi 28, King WUliam Street, London, Rio de Janeiro and Sao Panlo. ..pàTarilFa AT- Santos, York, New Orleans. S|^ *anan» Co. (Inc). New roND«ÉíSS ouVceTeÂls" aSSal «erchano.se. i- %'
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¦¦ æ æ '¦¦¦.'¦¦.' * . A Weekly Encyclopedia *' 60$000 per year in Brazil B I 70$000 • Klse where BRAZILIAN AMERICAN Rüa Cândido Mendes, 42, (Antiga Dona Lniza), Gloria PhOne Beira-Mar 205T I ¦BGULAI SBIVICB OF FAST VBESSELS BETWEEN BRAZIL, TRINIDAD, N. YORK, PHILADELPHIA AND N. ORLEANS
S.S."SARDINIAN PRINCE" loads for Trinidad, N. York and Boston 29th February.
aoetns HOÜLDER BROTHERS cfc CO., LIMITED. Rua da Quitanda, 149, RIO DE JANEIRO — Rua Santo Antônio, 35, SANTOS Tcl, Add.i ««PRIISCELIN1D'»
THE CITY OF SANTOS IMPROVEMEINTS COMPAN Y, LTD. Estado de São Paulo Caixa 4—Santos GAS DEPARTMENT. SPECIAL COKE AND TAR PRODUCED BY THE CONTINUOUS CARBONIZATION PROCESS: ALSO SOFT PITCH FOR WATERPROOFING PURPOSES, CRUDE BENZOL AND OILS FOR THE MANUFACTURE OP DESINFECTANTS. y.' WATER DEPARTMENT. DISTRIBUTION ON THE CONSTANT SVPPLY SYSTEM. SPECIAL CHEAP RATES FOR IN- DUSTRIAL SUPPLIES. SHIPS SUPPLIED WITH WATER OF GUARANTEED PURITY, AT THE RATE OF 150 TONS PER HOUR IF REQUIRED. ELECTRICITY DEPARTMENT. INSTALLATIONS OF ANY MAGNITUDE FOR LIGHT AND POWER. CHEAP POWER FOR LONG-HOUR CONSUMERS. MOTOR REPAIRS. TRAMWAY DEPARTMENT. SEVENTY KILOMETRES OF RAPID ELECTRIC SERVICE, DURING 22 HOURS. SEASON TICKETS WITH NON-STOP SERVICE AT NIGHT. SPECIAL TERMS FOR LARGE PARTIES, PARCEL DELIVERY; SERVICE TO ALL POINTS. ELECTRIC TRANSPORT OF GOODS AND BUILDING MATERIAL AT CHEAP RATES*. GOODS FROM INTERIOR SHOULD BE DESPATCHED "Companhia CITT, Deario Saboe.» "CIDADE" TELBGRAPHIC ADDRESS: — — SANTOS. :-:-: HEAD OFFICE:-SALISBURY HOUSE, London WalKLondon
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.£jí Z'_le*4f,*iAmMf *--*"- ?',**&. *¦_¦**" f*fc* »*- ***•*» - ;^V**1J*' j *RI51D1BM and Transfers. x| TOlXBfl-HWS 3B«HZ1X1Hfl Loose Leaf Ledgers WE ALWAYS CARRY A LARGE STOCK OF Established 1898. LOOSE LEAF LEDGER AND TRANSFER ME- EDITOR—H. F. WILEMAN. TALS. ORDERS PLACED CAN BE EXECUTED OFFICES: 55-57, RUA CAMERINO—RIO DE JANEIRO. IMMEDIATELY. PHONE OR CALL Box) 809. Telephone: Norte 1966—Caixa do Correio (P. 0. "REVIEW," IMPRENSA INGLEZA. Tel. Address: Riojanciro. RUA CA..IERINO 55-57, RIO DE JANEIRO. Telephone No. 196a ¦: Redactor Responsável; H. F. WILEMAN. 55-57 Redacção, Administração e Officinas, Rua Caroerino, RIO DE JANEIRO. H MAIL FIXTURES Editor. AU Commurtications to be addressed to the . "1$_ Subscriptions (Payable in Advance):— annum. FOR EUROPE. -¦¦'rn Brazil, 1OOS000 per annum. Abroad, £5 per 2$500 copy. February Separate copies 2$000. Back Numbcrs per 10 RAUL SOARES, Lloyd Brasileiro. ADVERTISING RATES ON APPLICATION. 11 CONTE ROSSO, Lloyd Sabaudo. -ríH :.*~ • AGENTS: 14 DESEADO, Royal Mail. 11 GENERAL MITRE, II.A.L. ¦«1 NICTHEROY:— 15 MALTE, Chargeurs Réunis. Luiz Waddington, 138 Rua da Conceição. 15 MARTIIA WASHINGTON, Cosulich Line. SAO PAULO:— -'., - . * ¦;¦ "Anglo-Brazilian Chronicle," Caixa Poatal 17 MONTE CERVANTES, H.S.D.G. C. T. Nash, c/o ¦-*•¦. 19 ANDES, Royal Mail. J'>' ,râ 2124. 20 ALT. ALEXANDRINO, Lloyd Brasileiro. i— LONDON 20 FLORIDA, Transportes Maritimes. & Co., 6 Gracechurch Street, E.C3. G. Street 21 GELRIA, Royal Holland Lloyd. NEW YORK:— Street. 21 WESER, Norddeutscher Lloyd. «The Tea and Coffee Trade Journal," 79 Wall ir 21 PRINCIPESSA MARIA, Lloyd Sabaudo. COPENHAGEN:— __ _ Boulevard. 21 ARANDORA, Blue Star Line. «The Scandinavian Shipping üazette," 38 Vestre 21 CORDOBA, France-Amérique. 22 MEDUANA, Chargeurs Réunis. 25 REINA V. EUGENIA. Transatl. Hespanhola. or ARE, Navig. Generale Italiana. Notice.—The Editor is not responsible for Correspondence 2(1 GIULIO CES or a VENTANA, Norddeutscher Lloyd. Articles signed with the writer's name or initials, with 27 SIERRA "Communicated." The Editor 28 MONTE SARMIENTO, H.S.A.D.G. pseudonym, or that are marked with th* viewa Royal Mail. must likewise not necessarily be held in agreement 28 DESNA, expression. GUIMARÃES, Lloyd Brasileiro. therein contained or with the mode of 29 CANT. correspopdenee 29 DESIRADE, Chargeurs Réunis. In accordance with Brazilian Presa Law no in thia Review unlesa atf.henti- or contribntion will be published THE UNITED STATES. contributor. thongb FOR cated by the date, name, and address of the February I I íor not neceaaarily publication. 15 WESTERN WORLD, Munson Line. 19 VAUBAN, Lamport & Holt. concernlng Munson Line. Annonncements of births, deaths and marr-agea 29 AMERICAN LEGION, "Review" free of subscribers and friends are inserted in this FOR THE RIVER PLATE. charge. February -**—*•--?. 10 DESNA, Royal Mail. 10 AMERICAN LEGION, Munson Line. 12 BELLE ISLE, Sud Atlantique. Italiana. RIO CAPE LINE, LTD. 13 GIULIO CESARE, Navig. Generale | 14 HIGHLAND LADDIE, Royal Mail. Rio de Janeiro and Santos to Direct Cargo S<-rvice from 14 VIGO, H.S.D.G. East African Ports. South and 15 VALDIVIA, Transportes Maritimes. Blue Star Line. 17 ALMEDA, ¦X THE JAPANESE STEAMER 18 FORMOSA, Transports Maritimes. 18 AURIGNY, Sud Atlantique. WAKASAMARU 18 GOTHA, Norddeutscher Lloyd. Royal Mail. (Under Contract) 19 ARLANZA, 19 HOLM, H.A.L. February for ,_m sails on the 9th 20 ORANIA, Royal Holland Lloyd. & Holt. Port Eüzabeth, East London, 21 VESTRIS, Lamport .Jjjjk. Cape Town, Mossel Bay, ¦**"__**-**" 24 SOUTHERN CROSS, Munson Line. Durban and Delagoa Bay. 25 ATLANTA, Cosulich Line. For further particulars apply to: 25 MENDOZA, Transports Maritimes. 27 ANDALUCIA, Blue Star Line. . ¦ \Ji CUMMING YOUNG 27 MONTE OUVIA, H.S.D.G. Agent for the Rio Cape Line, Ltd. 27 CONTE VERDE, Lloyd Sabaudo. Saraiva, 32 28 LUTETIA, Chargeurs Réunis. 33, Rua Conselheiro t Norddeutscher Lloyd. 2864 29 SIERRA CORDOBA, Telephone—Norte -*"f" 29 ALCÂNTARA, Royal Mail. pm DE JANEIRO== / 29 BAYERN, H.A.L.
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1 i « ní»- r/f o3S& itl/ _il^-.__*^~**_'I3353P8 -\f. "~iAr7 V *> First Glass ©nlv The íremendous suecess of the luxurious generosity and excellence as to a new "First put è and super-modern ships of the Blue Star meaning into the expression Class." Line proves again thaí it pays to do things No emigrants carried. supremeJy well. 1 he ships go directly into London, saving the cost and boíher of a long railway journey 1 he line carries first-ciass passengers only, afler landing in one of the other ports, and and has concentraled ali its efforts in make the trip to England in giving "quickest 2 weeks, being the them accommodation, space and food in such route."
'íM.Â+i* í SP.1 * i .ie ships Touch a: C. Aires, Montevídeo, Santos, Kio de Janeiro, Madeira, Lisbon, Plymouth, Boulogne and London.
m NEXT SAILINGS FOR EUROPE: FOR RIVER PLATE: ARANDORA. 21 Feb. ALMEDA Feb. 17 ALMEDA IJ Maicli ANDALÜCIÀ 27 Feb. ANDAl.UCIA tO March AVELONÁ BLUE STAR 16 March - LIME Agcnts: WILSON, SONS & Co. Ltd.—Rio de Janeiro—Avenida Kio Branco, 37. FRIGORÍFICO ANGLO S/A — São Paulo—Rua BHP Quitanda, 10 — Santos — Rua 15 Novembro, 206.
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WILEMAN'S BRAZILIAN REVIEW. february 9, 1Ó28.
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LONDON ____/í___í *_fTT^'I¦MU _t^S^_^^__s?»ít?^^_k BRANCÜES AT: St. 186 Bishopsgate ¦ **#_*_. __rf_p'__(víiPI __fl'i* . í*i."E« V---_LtT,'wr!,'.,!wuí.i"v**.- *'• _f______4 RIO DE JANEIRO 147 PARIS R. Senador Vergueiro 5 Av: de 1'Opera SANTOS NEW YORK • ra Ti I- i *IP^^'WS£^ Rua do Commercio 21 Broàdway 760 •fS?í2 rR-íah_lSr^^__9__d^_. J*==_£icSl7TlóIU" lV ._r__^^rf5hhai"_![.- ifll . V ___F i^J,.TiT.«— ¦ TTVT . í -i '**'-»H__B_rs_Pr33^_l^______!^^^_r^iP_-^*»' ¦ ra*"**. ii?iii«_iM P____l_j£ I * 'Um1 I I B( _ *Wih^TyVlrkr^'*^^^ -__rw____^__ *T JM._/ æ 77"'\ ______^_U_iS_syâl * , ••> J L^ttl. 'Tí'vJv.v-»'-^í',»!_SSe_i>' .
i39bh_>v *^ f^9^i______n ^^"^*V*v'Ww3r___^*-» - SÃO PAULO ¦ v ¦ m-m P STORES_ MAPPIN DEPARTMENT - MATERIALS HABERDASHERY MENS OUTFITTING TAILLEURS. KNIT GOODS DRESS TAILORING ROBES, TRIMMINGS, LACES BAGS & VANITIES COATS & WRAPS, GIRLS FASHIONS FANCY GOODS BOYS OUTFITTING UNDER WEAR RIBBONS, F,LOWERS REQUISITES DRESS MAKING, HOSIERY MUSIC TRAVELLING BABY-LINEN GLOVES, BOOTS & SHOES FURS HArRDRESSING ' ¦ NEEDLEWORK \ MILLINERY CORSETS.wno.io HOUSEHOLD UNEN9, DOMESTIC DEPARTMENT. ¦ FÜRNITÜKE _ FURN1SHING. CARPETS. 1 * Travei Bureau New Department.:— Beauty Salon-Inform.tlo. LQUNGB AD.QININO (8_ d FLQQR) TEA ROOMS * RKSTAURANT, WITH
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IMPORTANT NOTICE. OBITUARY. AND OTHER MAIL MATTER FOR ALL CORRESPONDENCE regrei that we an- ADDRESSED TO Gcorge Chalmers. It is with profound THIS REVIEW SHOULD BE which look plaee in nounce the death of Mr, George Chalmers, London on -Rh inst. F. WILEMAN dei Rey Gold H. The death of Mr. Chalmers robs the St. John "Wilcman's Review" Velho, Minas Geraes, of its Editor of Brazilian Mining Company df London and Morro administrator. The deccased was the greatest and most able 809 - RIO DE JANEIRO. in Brazil for over 40 CAIXA POSTAL General Superintendem oi the Company TO TAKE CAREFUL NOTE OF THE NVE BEG OUR READERS lalely Consulting Engineer. Mr. Chalmers posscssed DELAY IN DELIVERY OR LOSS years and ABOVE ADDRESS TO AVOID and, thanks to him, the a profound knowíedge of gold mining OF CORRESPONDENCE. considered one of St. John dei Rey Mining Company is to-day an examplc in engineer- the model gold mines of the world and ihe mining industry, in ing almost unique in the anuais of is the deepest mine virtue of the fact that the St. John dei Rey ^ in the world and possibly uuequalled in administration. were many, the late 1 Apart from his tcchnical virtues, which Archdeacon character and an in- Hon. CHAPLAIN—Ven. Mr. Chalmers posscssed an unflinching Morrey Jones. for work. Stern, but always just, his word Seamen's Institute domitable passion carrying much weight even in the high Rua Saccadura Cabral. 61 was law, his influence highly respected. Kio de Janeiro circles of the Republic, in which he was technical duties, badly needed Mr Chalmers activities were not confincd to h:-s Subscriptions and donations are institute. Another road huilding, pnblic to dcfray the cost of upkcep of the but were extended to town planning, would placo us upon a have not only «ve contos o. réis per annum lighting, art and many oiher enterprises, which sound financial basis. Company's property and raised its why no added lo the value of the are not already a subscriber lhe State of Minas If you reputation, but have become great assets to become one? 6,474 seamen visitei were issued^J**¥* to the ££des year and 526 meai Tickets Geraes in general. berieved family. titute. We tender our deep sympathy lo «ie :.^;^-V... '¦*'
February 9, 1928. WILEMAN*S BRAZILIAN REVIEW.
SCOTT & URNER LTD. THE ENGINEERING CONTRACTORS A BUILDERS flnglo-Brazilian Chronicle
(Generally known as the A. B. C.) Design & Execuíion ot Reinforced is an Bridges. Piers. Wharves, is the Ideal Newspaper for the Hoin_.. It Concrete Buildings, Eiiglish Weekly on sale regularly every Saturday Water Tanks, Silos. etc. morning in Rio, São Paulo and Santos, and has subscribers in every part of the country, as well Projects & Execution of Foundations <_. as throughout the world, serving thereby as a sure u Piledrivin^g Work. link between the scattered British Colonies in Brazil. It provides its readers with ali the news Projects & Construction of Cold of local and foreign interest, and in the two and a half years of its existence has secured for itself Slorages & Packing Plants. the reputntion of always "delivcring the goods". Design & Erection of Steel Frame IT PAYS TO ADVERTISE IN THE A.B.C Buildings & Bridges. One year's Subscription: Abroad 35$000 Hydraulic Engineering Work. Brazil 251000 General Building Works of ali Classes. São Paulo: ¦ Rio Representativa: Rua Boa Vista 16, 8th Floor, Room 9, D. S. Fox. ! Avenida Rio Branco, 109-5° Roa Barão de Uapetininga 37-A Caixa Postal 2124. Tel. Central 4751 Rua Quitanda 161 RIO DE JANEIRO SAO PAULO J
ESTABLISHED 1884 Zhc financial IRews Hamburg -Amerika Linie ------¦¦¦^¦l[^^M^W--____-BM«pMi^lMa^MBMBMa————H^ DAILY TWO PINOE OrFICES: 111, Queen Victoria Street, London, E. C. 4. Regular service with modern Telrphone 6830 City (4 lines). passenger and cargo Telegrama "Finews, Cent, London.** steamers between THE FINANCIAL NEWS is the oldest and most influentfal Daily Financial news- in the world; It is ackiiow- Í>aperedgedto be the most Potent Authority Hamburg, Antwerp, Brazilian on Finance, and an Advertising Médium of unique value. ¦ and River Plate Ports. SPECIAL FEATURES International Finance; Banking; Insurance ; Mining; Rubber; Oil; r.iglneerlng; Shipping; Land and Ettataa; Mlscellaneous Industrias ; 16.11. with COMPLETE MARKET REPORTS. SUBSCRIPTION RATES (POST PREE) II) .odor .Uill. $i go. 12 months. . a 3-10-0 6 » . i • 1-19-0 3 » . • • 19-6 KIO DK JANEIRO , Y READ 3 Qhe Brtnancíal ÍRews 79, AVENIDA RIO BRANCO, 78 Santos sao Pavto Tho Groat City Daily. I .'¦.,-.-'
¦."',."•:¦':' '..'¦. : ...' .'
WILEMAN'S BRAZILIAN REVIEW. February 9, 1928 i i HOTEL MONTE ALEGRE Corner, Ruas MONTE ALEGRE & RlACHUELO CHEAPEST, NEW and UP-TO-DATE HOTEL IN RIO DE JANEIRO.
Recapitulation:— AGGREGATE EXTERNAL AND INTERNAL £118,887,970 THE BRAZILIAN Total sterling debt ut supra "Caixa de Ditto, equivalent in currency at actual DEBT—II. 4,836,363 Estabilisàçaó" rate of 5 29/32d to Contos in dollars at New York-London of 12th January last we published prefactory Ditto, equivalent In our issue -i «d $578,627.750* Federal, States' and Munierpal exchange, of..r $4.olwS(\7 statistics eoneerning the Brazilian par which comprised of the entry of foreign and internai debt 336,489,500 sinee 1925 In th» ,ss«e Total franc debt ut supra foreign loan -.pitai into this eountry 2,713,625 foreign debt £ sterling at 124 fes. to £ further data of the Brazilian Federal Ditto, equivalent we puWish -,11 currency at actual will follow, <£«***** Ditto, equivalent in mil reis whieh, together, with those that 542,758 the total "Caixa" of 1$613 per mil reis, Contos of this eonntry; in other words Exchange total indebtedness 25.46 fes. to $.... $ 13,221,552 compared with realisable or liquid íV.íto, equivalent in dollars at liabüities in terms of debt, as assets. supra 1161,883,834 as on 31_t January, Total dollar debt, ut National or Federal Debt of Brazil Contos 1,353,187 The Ditto, equivalent to currency at 8*359..... as follows:- ^^ .^ £ 33,261,523 1927, is Ditto, equivalent lo £ sterling at $4.867 to Circulation rest. Sterling:— dif- ¥__ foreign Debt of Brazil in the tbree Railways. 2 713.100 4 Tbc total Federal in Federal District and follows:- 1883-Works 4.173,100 4 % ferent currencies is, therefore, as 1888—Railways . V-iòoc Equivalcn in and 1886 of 1863, 1871, 1875 Sterling Equivalent contos 1889-Conversion 17,468,300 _ loans . . dollars currency of Minas Railway (Treasury guaran- 118,887,970 578,627,750 4,836,363 1895-Wcst 6 925 900 5 Sterling Debt . tee) 33,261,523 161,883,834 1,353,187 7,307,220 5 Dollar Debt. . Loan . 1898—Funding 10,588,000 4 Franc Debt. (fes. Loan 2,713,625 13,221,552 542,758 190i_*Recision 7,698 100 5 336,489,000) . . Port Works 1903—Rio 210,500 5 1906—Lloyd Brasileiro . Grand Total 154,863,118 753,733,136 6,732,308 and Railways.. 1,839,400 5 1908-Works in Federal Capital *' 1,000,000 4 1910—Lloyd Brasileiro . •'; amounU Brazilian Federa, -«".gn^ebt and redemption of West Minas In other words, lhe 1910_Conversion , 0 716 400 4 in sterling to "»W^ bonds and Loan to São Paul t„° «,732.308 eontos, equivalent Railway 900 4 the population »t3M0W»0 1042 dollars to Í753,733,13,i. Es.imating 19H_Rio Port Works works out as foUoWS. n 2,400,000 4 .n_v._vit.nts the debt per capita 1911—Ceará Railway n r to ?23.7 per head and u 11 000.000 Per head, in dollars Port Works and Raüways SÍÍíUl 1913-Various 1 i 458,050 5 181.954 per capita. milreis currency lo 1914—Funding Loan . M; lhe Union or the Feder 1 In 8 597,000 7 The Internai Fundcd Debt of Valorisation amounts aetually (:â 1922—Coffee 8-750,000 6 V_ as it is commohly know,,, ai Floating Debt ,„„., Kunded Debt, 1927—Liquidation of intern íis follows:— 118 887 970 — Total Sterling JANUARY, 1028. INTERNAL FUNDED ON 31 st In Circu- Francs:— Authorised Issued lation. 98.785.000 5 Railway 1908—Itapu-a-Corumbá 40000,000 5 Contos Contos Contos Port Works Apólices (Bond):— 1909—Pernambuco 98,464.500 5 — 5% 528993 528,993 528,993 -jgiO—Goyaz . Uniformizadas Railway (.0 000 000 4 — 5% 3,775 3,775 3,775 Not uniformizadas 1911—Bahia Railways . 483,000 ? — 5%... 1 147,015 970,800 970,80*0 '""'''•'''""'' 24 Sundry Isswcs, registered, 1916-Goyaz Railway . 000 5 —5%.. 058.290 035,258 635,258 Railway. U757 Sundry Issues, to bearer, 1922-Cu-ralinho to Diamantina — 5%. 17 300 17,300 17,300 Port Works, bonds, bearer 489 500 — — 4% 119 H9 ll9 336 Oid general bonds, registered Total Franc Loan Treaty Bonds. registered Bolivian 1802 L629 1,629 — 3% . Dollars:— 87! '8 817,500 8 2.357294 2 157,874 2,157 -¦92l_-National Treasury 7 200,000 152,815 21 565,384 — 7% 2(10 000 Treasury . "'*'"'..... 6 V_ Treasury Obligations 82,83-7 81.305 1922—National 00,00(1,000 — 7% 100 000 . '' Railway Obligations ""uidation1ooa "National Treasury 41,503,000 6 Vi Floating Deht.... of internai 2 657.294 2,440,711 2.302,054 — 161,883,834 Total Dollar Loan
1. _* ~_fp
9, 1928. REVIEW. February 176 WILEMAN'S BRAZILIAN
ww * - ^. ^^ -^ ^^ ^ ^ j^ aa |^^ 4 + 4 + 4| || ii ii L "--- THE LEOPOLDINA RAILWAY COMPANY LIMITED, Barão de Maná). Central Office, Avenida FRANCISCO BICALHO (Estação Telèphone Villa 2200— Cable Adress: LATEgCENSE »* "«¦ 1'8M ™Í,M- W'tb States of B.-^lrT.rs.nto a„ Campos, T„esda5;s 21.50. Single, 34*90P; --tm- ,,.00-WgStS-eVs-cLpol^ notiec. From 55$700. Frnm Rarão de Mauá. .!_,--_ Entre Rios, Bicas, Furtado de Campos. Ubá and Ponte ^^J^^*^.^____\^^^fut 20 10-Night Express-Petropolis, Ponte Nova 54$000.Retmn f are from Ponte Nova Wednesdays and Saturdays 15.10 Single f are.Bario de Maua Retnrn Berth 28..UU. 85$300. Sleeping car between Petropolis and São Geraldo, upper Berth 22$400, Lower RIO — PETROPOLIS. WINTER. SUMMER. From lst May to 31 st October. From lst November to 30th April. WEEK DAYS. WEEK DAYS. . A. B. A. B. 13.30 15.30 16.30 17.30 30.10 dc Mauá, Dept. 6*00 8.35 12.00 13.30 16.30 17.30 20.10 R de Mauá, Dept 6.00 8 35 12.00 Barão — — 6.10 7.35 8.40 10.10 12.30 15.55 19.80 Petropolis, Dept 6.10 7.35 8.40 10.10 15.55 19.30 Petropolis, Dept . HOLIDAYS. SUNDAYS AND HOLIDAYS. SUNDAYS AND 20.10 6.00 7.30 8.35 10.30 15.30 17.30 20.10 R de Mauá, Dept 6.00 7.30 8.35 10.30 15.30 17.30 Bnrãn dc Mauá. Dept. 10.05 19.30 10.80 Petropolis, Dept. ... 6.10 7.35 10.05 15.05 17.00 19.30 20.30 Petropolis. Dept ... 6.10 7.35 15.05 17.00 A. Mondays, Wednesdays and Fridays only B. Tncsdays Thursdays and Saturdays only. EXCURSIONS SPECIALLY RECOMMENDED. class retnrn Petropolis —2,700 feet above sca levei, magnificent climate, beautiful views during trip; 1 hour, 40 minutes, lst Stonc ballast no dust. „«_,,_. *. 7S500. ,- _ , to, ,_Monday.) , Friburgo.—2,800ft. above sea levei, 3h. 25min. by passeio train. Farc 13S300 lst class return, sngle 8$3Q0 (Saturday ¦:y. GU1DE BOOKS AND TIMETABLES published half-yearly:—Price $300—containing useful information re: mileage books and reduced fares for excursions, pienies, etc: Company'! Agencies in Rio; free storage time and demurrage charget on prices- dw-llinf»; timber; illustration and price of model poultry coops; rates of advertising at stations and in this Guide; Delirery to map of'L. R. system; advertisements, views, and sundry other articles of interest. I-, notes "Caixa Estabilisaçao" The Internai Funded debt of the Union on 31 ul*. amounted If tbe convertible of tbe de to 2,392,054 contos, equivalent at actual Stabilisntion rate of and the Bank of Brazil in e;,rculac'ion on 31st ult. be included 40$68Ò in tlie £ sterling to £58,801,720 and of 8$359 per U.S.A. in tbe above debt, tlie grand total works out as follows:— dollar to 1206,165,091. Wiih reference to the Internai Floating Debt of the Union there is no official statemen. with regard to Contos 1.000,000 1.200,01)0 contos. It its total, hut it is estimated ai to Paper £ Dollars is possible that the Federal Goverriment may have paid part of we adopt 1,000.000 contos as the approximate this debt. so that Total foreign & Internai Debt 10,124,302 238,247.188 1,159,259 6.2 debt, which is equivalent in sterling figure to the ontstanding Inconvertiblc Currency in . and in dollars to 8119,031,415. to £24,582.850 Circulation . 1,997,304 49,090,095 238 941,739 foreign and internai debt of the Uríion, con- The aggregate Caixa Estabil. & BI., of Brazil scquently, ainounls as follows:— Circulation . . 1,127,430 27,714,749 134,876,181 Contos Grand . 13,249,102 315,052,632 1,533,077,562 Paper Sterling Dollars total . Currency L *. Foreign debt ¦•** 0,732,308 151,803,118 753,733,136 Total The total foreign and internai funded and floating debt of Total Int. fundecí debt. 2,392,05*1 58,801,720 280,165,091 the Union amounts to 10,124,302 contos, equivalent to £238,247,188 Total . . 9.124.302 213.004,838 1,039,898,227 or 1,159.042 dollars. If total currency in circulation be addcd, Total floating debt .... 1,000,000 24,582,350 119,631,415 the aggregate debt amounts to 13,249,102 contos, equivalent to £315,052,632 or 1,533,077,502 dollars. Convertible currency, how- 238,247,188 1,159,529,642 Total debt . 10,121,302 ever, is guaranteed by gold reserves, Which reduces the debt Inconvertiblc Currency in guaranteed by sundry assets to 12,121,006 contos, equivalent to circulation . . 1997,304 49,090,695 238,941,739 £287..'.37,883 or 1,398,471,381 dollars. As a matter of fact, the uncovered liabiüties of the Union amount approximately Grand total 12,121,000 287,337,883 1,398,471,381 total to 5,000,000 contos paper. ~*tW& 177 February 9, 1928. WILEMAN'S BRAZILIAN REVIEW. .-*. Thc per capita debt of the Union, on thc basis of a popula- tion of 37,000,000 inhabitants, is as follows:— Paper Stcrling Dollars Çurrency $ Foreign debt . 181*954 4.19 23.70 Internai funded • • 64Ç650 1.59 7.73 Total funded debt 246$604 5.78 31.43 27*027 0.67 3.23 Internai floating LLOYD * ROYAL HOLLAND Total debt . 278S831 6.45 34.66 51-1279 1.32 6.46 Inconvertible Circulation . REGULAR SERVICE WITH COMFORTABLE FIRST CLASS PASSENGER STEAMERS 7.77 41.12 T()tal 3241910 TO Circulation . 30$471 0.75 3.64 Convcrtible LAS PALMAS-LISBON—VIGO CHERBOURG—SOUTHAMPTON Grand total . .*.*'* 3651881 8^52 AND AMSTERDAM jU/76 cannot be considered great Next sailings for Europt*. The per capita debt of lhe Union National 21 February when it is considered that; in the event of Hquidatioirof ss. GELRIA only 273$631, 6 March debt, each inhabitant would have to contribute with ss. ORANIA and internai 27 March equivalent tt) £6.45 or $34.66 to cover the foreign ss FLANDRIA funded and floating debt. thc In a subsequent issüc we shall publish details |of SERVICE WITH :rm and internai funded and floating debls of each State FREQUENT foreign CARGO — STEAMERS far as it is possible to ohtain MODERN and Municipality of thc Union, so TO AND FROM such data. BRAZIL AND THE ARGENTINE APPLY TO THE of Gold from the United FOR ALL INFORMATION The WorldV Output and Exports GENERAL AGENTS Brazil have, during States. In vicw of thc fact that Argentina and of specic thc last few months, been hcavy importers gold SOCIEDADE ANOHKMA «ART1NELLI to analyse the movement m it ,is of interest, at this juneture, — — SÃO PAULO of gold ahroad. RIO SANTOS Messrs. Samuel The world's gold produetion, according to and bullion Montagu & Sons, lhe well-nown London bankers Letter, a statement the four months ending December, 1927, and January, merchaií.s, publish, in their Annual Bulletin duríng of country of destination and total imports into of thc world's output of gold, as follows (in milHons pounds 1928, exports per the United Siates were as follows:— at 84s. 11% d. per fine oz):— omitted) British Other lotai In 1,000 dollars (000 World January 4 months Ycar Empire Countries 36;i 94 ? (middle) ending 1913 ••• 58 1928 Dec. 1927 1914 60.656*5 35.833C9 96.490.4 . °'uuu6,500 61,390 iqik Argentina . ;!4-° Braiü 6,000 33,010 me, »¦« ." 25,232 m,l ffB,tn Canada 1917 *.¦» B 10,000 51UfV\ 28.0¦'? _K-rt79*0 I* rance . 1918 , ... , ² 8,545 m &U1r-,0 L 24.9 ' 75.0 United Kmgdom . . 1919 4,000 8,000 xj""""" ii , i * 1020 .... 47.448.1 20-620.9 68.069.0 B 5000 ' ' li " 44 1,282 2,580 20.9 65.5 f°am'índia . . _ _.A 1922 . . 44n a _r , . • 3200 2,200 Belguim„ . . _AA 1923 56.053.4 25.0 22.1 81.0 3,000 2,000 T.UrU«Uay . 1924Í8! • • % . __ 1,817 24.9 81.0 Mcx,co • * ••••; 1J^ 57 Ä 1,027 r. 24.5 82.0 Swcdcn • • 1J2b 5a .' 7000 5,525 23.7 82.0 Olher countries . •• ''uu **_ 1927 (Est.) . 5S;d "has Transv«a1 again reglstered 30 982 166,326 iccording lo lh. ieWprí, tbi ™":ti>o:: ¦• assuaned .fiOttied import- ,822 imothcr ..ecora anel Hs outpui has Total Imports . • • • ^kccording W æ —— 32° lo offibia, repórt,, e*»P<# of or against imports.. + 840 -140 . ^M^ge^$30,982,000, as In favour the month of .January amounted tp SftlesStates during $21,500,000 were oi were responsible for the ship- against imports of efóLtOÂÁ.vyv, Messrs Dillon, Read & Co. thé first half of the January of Ganàdian orlgin. Q.a,,nc ment of $6,000,000 to Bra^ during of thc United States ePÁ\mm Um- as follows: Seabord The Federal Reserve authorities to Argentina were accounted by of from thc U vh lst exports thc first half of 1927, exports gold Anglo South Ameriean Ti-ust, $1,000,000* ate th-tt duringg by ™css of NàlLhBanU $5,000,00*5; £ „ approximately"i'i-* $56,000,000i,.,ii* of gold Mttics gaiucu, ,c(1 «r tncti,,-, vp.ir ..i.. .,.*,,. CIUIíluriiiL' i «-J-, lhei-'*- second= hall oi yea-« and to Uruguay by thc National ii.-it.nrt-;Imports oveiOV01' ci,CXpolts, aUCl . Banking Corporation, $250,000; oveiver import.s,u. ,. lcaving a nett by exceís of exports «oar*mnrked Commerce, §3,000,000. $207,000,000 mcludmg earmarked Bank of oss f0r thc wholc year of $151,000,000, survey of the coffee Situation and Prospects. A stoel* The Coffee no longer pari of the gold will be in ona- next .ssne. íi thèir orders,- which I, treated sitnntion and prospecls published pf the United Siates. "*• -. ¦', . W -" , -i «.-,--.• -..-' f- '*. *- ^ \ I - ) February 9, 1928. WILEMAN'S BRAZILIAN REVIEW. 178 - m THE FOREIGN TRADE OF BRAZIL. - months, January-June. Exporta by destination f.o.b. value Sir :P -In — £1000 contos of reis- -for— +or— 1927 1927 ¦ t' on on 1927 1926 1926 1927 1926 1926 + 904 175 784 + 64,660 3,364 4,268 (ienuany . . »«» + 6 45,069 + 9,069 1,088 1,094 Belgiu... 36'000 5 253 + 283 1 6 + Bulgária . . 1 __ 1 - 60 57 3 2 Grete, _ 6 332 + 251 2 8 Dantzig . . 81 ² 121 15,298 905 493 372 Denmark 16,203 ² 51 4,298 808 155 104 Finland . 5'106 ² 7 127 198 10 3 Fiutnc 325 B 828 148,222 + 2,890 4,428 3 600 France . 145,332 + 2,660 1,447 1,223 B 224 U. Kingdom . 47'708 50,368 1,233 + 359 27 30 3 Greeco 874 9,376 + 5,320 124 228 104 Spain 4'05f) ² 622 95 353 1,986 2,937 2,315 Netherland . 97>33í) ² 531 4,952 2,070 1,539 Italy fi8,339 63,387 1,111 89 98 + 9 Norway" 2,917 4,028 877 181 166 _ 15 Portugal 5'968 6,845 + + 2,288 18 69 + 51 Rússia 55f) 2,844 910 1,040 811 ² 229 Swcdcn . . S*'300 33 390 380 1 10 + 9 Switzerland . . 37 417 + 29 24 ² 5 Turkey in Europe 944 987 + 43 -I- 2 24 + 22 Yiigolavia 7® 969 890 20,929 17,594 —a,335 United States . 689,527 724,701 + 35474 1,099 10 35 + 25 Cuba . . 322 1,421 + 2,444 2,256 ² 188 Argentina 80,783 92,910 + 12,127 2 2 Bolívia . . 62 67 + 5 167 201 + 34 Chile 5622 8,294 + 2,772 36 + 25 Colômbia . ¦¦¦¦¦;;. 3^1 1,478 + 1,107 11 , ² 5 Paraguay 232 77 155 7 2 ² 3 Peru' . . 128 41 87 4 1 ² 23 Urugay 41,195 50,532 9.337 1,250 1,227 ² 2 Japan 292 277 19 9 7 Syria 21 250 + 229 1 6 5 Turkey in Asin 393 660 + 267 12 16 4 Egypt 5,065 10,148 + 5,083 153 246 93 Morrocco . . 240 614 + 374 7 15 8 Tunis . . 310 690 + 380 9 17 8 ² 13 Union S. África 11,102 13,230 + 2,128 334 321 Britlsh dominions: Canadá . . 2,269 2 065 • 204 69 50 19 índia . . — — New Zeeland 23 43+20 1 Other 687 821 + 143 22 20—2 French Possessions: Algicrs l,9\í 10,370 + 2,459 241 252 + 11 Other . . L 44 75+31 2+1 Portuguse Possessions: 638 1,482 + 844 19 36 + 17 Spanish Possessions: 987 1,488 + 501 29 37 + 8 Sundry . • 373 549 + 176 11+2 —4,862 ÍL-V Grand total ..'-.. 1,425,850 1,580,920 +155,070 43,246 38,384 . •f: ':- ¦ r ,:,:. - ...'..*¦'>''¦¦.-' í'_'*...""'. 179 WILEMAN'S BRAZILIAN REVIEW. February 9, 1928. TO JUNE. ORIGIN OF EXPORTS-SIX MONTHS, JANUARY *wm —In of reis £1000 contos •for— +or— 1927 1927 on on 1926 1926 1927 1926 1926 1927 -. 1,339 ² 266 53079 55,127 2,048 1,605 ¦-"$•" . "" 1,004 ² 49 Amazonas . 34,897 41,340 + 6,443 1,053 742 -1- 244 Pará . . 16,298 30,568 + 14,270 498 Marnhão . . 447 62 Piauhy . 16,666 18,354 1,688 509 • •; 63 18 Ceará • 1,488 2,588 1,100 45 95 + 15 Rio Grande do Norte 2,660 3,900 1,240 80 570 11 Parohyba 18,351 23,499 5,148 559 117 + 94 Pernambuco . . 773 4,835 4,062 23 Alagoas . 5 5 -1- 11,811 2,939 2,645 ² 294 Sergipe . . 97,172 108,983 ² 6,335 1,347 917 ² 430 Bahia 44,127 37,792 6,108 5,039 —1,069 Espirito Santo 201 413 207,527 6,114 -t- 88,651 24,827 22,026 —2,801 Rio de Janeiro (Capital) 818,526 907,177 ² 8,082 1,228 789 ² 439 S. Paulo (Santos) 40,573 .32,491 341 351 + 10 Paraná 11,305 14,467 3,162 1,927 2,149 + 222 Sta. Catharina . .. -' 63,33-8 88,484 25,146 ² 1,431 157 91 ² 66 Rio Grande do* Sul " 5,184 3,753 Matto Grosso 43 246 38,384 ,862 1.425,850 1,580,920 + 155,070 Totol • _*_.™_iiw.n . In tnethe United¦_ States. Resume and Economic Conditions in Tradt • of tne Amei- by _on_s-Six months, January-June. rCable, iu received«.n.A-vp- bvby tnethe office Origin of Exports „f Monthly Economic u Rio, on 8th inst., from tbe iconican i_omiCommercial n_meslic Attaché, In £1,000 Comnierce, Washington, D.C. of Foreign ond Domestic >omn D,Cember, -for— nom » ª R Total Imports mto U.S.A. ., 1927 from U.S.A. to to §25,600,000; total Exports on „_»__. g-1 during December, to $7,339,000. 1926 1927 1926 from World. Imports during thc year 192- By Zone: COFFEEi-Total Bra-1, 1.022,900.000 valued at $264.276,000, trom I Coffee and mining:— ,434^000,000 lbs., E. Santo, Rio de Janeiro and lbs., valued at $164,773,000. :,2!!82 27,982 -4,300 Santos to 767,000 December exports amounted and cereais:— COTTON—During bales. II Catle , \ i 7 .68 006 bales; consumption, 544,000 Paraná, Sta. Catharina, Rio 12'5ü2i°9-.--o- 3,380 — 273 Vy&à&^ü* '—-. Grande do Sul :i<353 T' III Sugar, Cocoa and Cotton:— anc Aut0mobile improvement in Business Norte, Parahyba, Per- derate Industry R. G. do «^'J^ Sergipe operatin. 80% ingh leveis, nombuco, Alagoas, Biildint, comeont-ts Exc,__--_- 8,490 156 acfive, competition kecn; and. BahiaT. 1,4 _ . W4Ü c tmnsac.L0a„s IV Rubber:— &*Í1Í*ÍS lí,.okcrs Pará, Maranhão, Amazonas, 3,532 — 133 Piauhy and Ceará 3'665 t'*-i» —4,862 . - -ião/. -. 43,246 38,384 Total in £1,000 BRITISH SUBSCRIPTION LIBBABY to be No. 89 - 2nd FIoop Labour In Bra.il. It ta much RUA SACHET Trcatrnen, «f Foreign dut.es BuHdlng) should he so lax tt the,. Jornal do Commercio rcgrctted that the a-horitics (jmtbehindthe ^T-wt^l who were THE LIBRAR1AN FOR ^ouf-0—ulan immi6ran,s APPLY TO Ponlo -a.*£-*-•£-£ 100$000 yearly or Temporary .JL." _í. «et «io to MEMBERSHIP, to th noo^r re M ¦ at special rate d„ned work ovvins: ^^ Mcmbcrship ^ during short stay in Rio. they, together with their fa* your ___, __-• Tn tt m-_tL on 100 souls, are destitute and hv.ng aÍgrc^Ung S .U to over ¦ANY 0LD ft VALUABLB B00SS char«y and -f °^\f BOOKS 0P PICTIOH ui.^grants _._..._, here will LARGE SÜPPLT OP MODEBN Such examples ot tne iruuuLin|™ ^If **,„* to bc rustcd that WBBEHBS had impression abroad. It is DAILIES AND IM.ÜS.BA.BD crente, very he e nn- .111 take steps to protect MAQAEMBS IN CIBOOLàVIOB ,e Federal Government for thc BB1TISB ft AMBBICAB recurrence of such _____ l^rarl and to preveni lhe Brazil. ...... -- name of 1 ¦ sake of the good ._ ' ¦' _' 9, 1920. 180 WÍLEMAN'S BRA2.ÍLIAN ÍÍEVIEW. February ••*. ;¦ ***\y^k^t\x\*m _+ ÜÜIOSAKA SHOSEN KAISHA. «. .. " SANTOS MARU" will aail for NEW ORLEANS & GLAYESTON Lot Angeles and Japan 16tk FEBRUARY FIRST CLASS RIO / NEW ORLEANS 1:000$000 FIRST CLASS RAIL FARES, NEW ORLEANS to:— New York $48.3* Chicago $33.76 Sao Francisco $79.84 Vancouver, B. C. $102.01, Toronto $47.56 Travei by railroad and see the U. S. A. ROUND THE WORLD TOUR — 6:200$000 Duration of Tour — 5 months. For full information apply to: Antunes dos Santos & Cia. — São Paulo and Santos Wilson, Sons & Co, Ltd. — Rio de Janeiro. fj>Sjfe'- t*aMM REPORTS & MEETINGS OF COMPANIES. maining 1,560,000 shares, £104,000 nominal, 780,000 of them are io hc transfcrrctl, free of cost, to the preference shareholders Brazilinn Traction. A circular létter has been addressed to as consideration for consent to become ordinaries, and for waiv- tIte exisling holders of the ordinary shares of lhe Hrazilian ng dividend arrears. As to the remainder, 780,000, these are Traction, Light and Power Co., Ltd. (Incorporated linder the to hc held by lhe trustees for the debenture-holders. They may l.aws of the Dominion of Cariada); offering for suhscription hc çonsolidáxcd into £1 shares, and there are -certain reservations additional ordinary shares in lhe inercased capital of the com- attaching lo them. A meeting to give approval to the scheme pany and setting forth thc ternis and condtions of suhscription. is called for noon on-23rd inst., at the Cannon-strect Hotel, E.C. The ncw shares, which are of thc par value of $100 each, If the scheme is adopled the final position will be-that the nie offercd to thc holders of the ordinary shares (including present preference shareholders will own very nearly 88 per cent. holders of bearer sharc wananls), on the basis of one share of the eni ire company, hoth as to assets and income, and the for each flve shares held at lhe dose of business on January 31 ordinary shareholders just over 12 per cent. a| $100 pershare, payable in inslalmcuts (less adjustmcní on On Jhn. 12 thc ordinary shares change d hands in the market final inslalment as mentioned below), as follows: $20.00 per ui) to 4s. 6d.; thé preference commánd about 13s., and the de- sharc with thc suhscription on or be ore March 31, 1928; $20.00 hentures wcre last dèált in at 7().-_. per share on Junc 1. 1928; $20.00 per share on August 1, 1928; October 1928; $20.00 per share on 1, $18.00 per sharc on De- ( cember 1, 1928. The additional shares when fully pai d will rank for dividend Pará Electric. Thc Pará Electric Railways and Lighting Co., as from Deeenihcr 1, 1928, but rin adjustrriéht has been made Ltd., announce that some misunderstanding seems to have arisen in the amount of the final in stalin ent on the suhscription price in connection with thc proposed scheme for capital reorganisa- in lieu of interest al fí per cent. per annum from the respéctive tion to hc submitted to lhe shareholders on Monday, the 23rd duc dates of thc instalmcnls to Decemhci* 1, 1928. January. It is not generally realised that thc transfer of £52,000 par value of the reduced capital to a trustee does not confer any additional advantage on the debenture-holders, but has the sole Pará Electric Scheme. lt is seven years ago since the Pará 3>ui**;ose of providing lhe company with working capital and Electric Hailways and Lightirig Co. was in a position to a pav capital for normal extensions of plant, by the sale of these dividend upon its £325,000 of 6 per cent. cumulative preference trustee shares as and when required. The of these capital; arrears now amount to 6136,500. proceeds sales will be handed over to thc company, to obvi.ate t/Fpe hoard, after Consulting w the alloca- th lhe Trusices for the de- tion of an undue of surplus benturc-holders, proportion earnings to capital ex- have issucd proposaKs to the shareholders, of penditure. which the following are the inain points:— The measure is thereforc beneficiai to The company has outstanding £536,075 ali shareholders, 5 per cent. debenture whether preference or ordinary. stock (service and sinking fund now up to date), and under thc Trust Deed is pi*ohibited from paying more than one year's pre- ference dividend or nnyth-ng upon lhe ordinaries until ceriain substantial monetary conditions are fulfilled. As there is no Mappin Stores (Brazil). Thc directors announce hope of proper discharge of these obligations within Ínterim a reason- dividend, payable Jan. 20, al lhe rate of fid. able time, and as thc state "A" per share, less tax, prc.sc.ni of affairs is due to the serious on and "B" ordinary shares fali in lhe Brazilian milreis, on account of the year to a-' now stahilised at under fid.,• against Feb. 29, 1928. In our issue of Jan. 16 it was stated par of 1s. 4d., a solution is aimed at by reducirig that last the issued year same dividend was paid on "A" ordinary capital frtím .715,000 to £481,000. The reduetion shares, but thère í falls entirely was no ínterim dividend on "B" upon the ordinary capital, ordinary shares. whereas no of which £390,000 is in issue in £1 ínterim dividend was shares. paid at ali last year. Furthermore, di- vidcnd is always same on "A" as on "B" The sum of 12s. share is ordinary shares (The per to be wrUten off thc Cl or- information to which wc dinaries, and these in thcir ncw gavè publiciiy was obtained from a forrii of 8s. paid are to be usually reliable sourçe). subdivided into shares of ls. 4d. each. Tlnis fi times 390,000 at 8s. will create 2.34O,O0() at ls. 4d. AH prcfcrential rights as to dividend and repaymcnt of ca- pitai to preference shareholders to hc ext-nguishcd, and thc pre- Alto Paraná Development. ference shares to beçorne ordinary. Report of Alto Paraná Develop- ment Company for year ended 30th June, 1927, Of thc 2,340.000 new ordinaries of ls. 4d., 780,000, states that Ar- or £52,000 gentine company's accounls for noininüi-wiH be retained by same period show a loss for existing holders. As to the re- the of £10,681. Brazil year Land Cattle and Packing Company • V-** -. •!. :r:7\7í-. ¦: . i\ <:¦-':...r.r7. ;i¦:.':'¦-'r-S'.'.- ".. • ¦-. , >-' 181 BRAZÍLÍAN ftEVÍÉW. february 9, 195$. Wlí-_MAN'S CALORIC COMPANY fl. THE DIESEL OIL 0|L FUEL 487, AVENIDA RODRIGUES Al VES, 4M FOR FOR Telephone Norte 4497 1NTERNAL INDUSTRIES RIO THE JANEIRO. COMBUSTION "Petrotoi*-" RALWAYS T«k_?apklc Addreig BNOINE» STEAMERS p. O. Box 1MB. and SANTOS Fnel (Ml Stations at:-PAlU, PERNAMBUCO, BAHIA 8TEAMER_ BUNKERED DRÜHS BARGES Tank Trudu ALONG THE QUAY8. Tank Cari THROUGH PIPE LINE Installations, Land and Marine. Complete estimates farnlshed for oil Burnlng The fifteenth ordinary of the Rio Claro Railway and Investment. request of Board, undertaken the management and Investment Co have at meeting ot the Rio Claro Railway Fleming, the general manager of thal general Broad- property, and Mr. J. D. 10 last, at Priars Mouse New in charge. A new re- Ltd., was held January company in San Paulo, has been placet Watson (chairman of the company) and the admi- strcet, E.C, Mr. Gcorge sHlent manager has been appointcd al Britannia reorganisecl. Mr. Fleming has the nistration has been entirely ^^Ttie^ccrctary Frederick .1. Búrdge) having read attention to its (Mr. vis**ced the property twice and is devoting his lhe report of the auditors, Mouse, notice convening the meeting and in several directions. Meeting, River Plate I you development The Chairman said: Ladiés and gentlemen, presume 27th Jan. as read, and I believe K.C., will as usual, take lhe report and accounts steady and sa- agree with me that lhe figures show York correspondem of the vou'will National City Bank. Thc New I should like to reter to a few of the f.fiurcs Mitchell, President tisfaetory progress. Exchange Telegraph states that Mr. Charles wilh those of lhe previous year. o« w,.11 the and compare lhem Bank, annoimces that the resources of Banllsta Ra.lway for 192,, were of the Nat:o«al City „ote that thè ne, reeeipts of the Dec. $1,682,802,851, which is 1288,412,960 rate of exchange bank aggregaied on 31st 25,779 contos, representing at the present and is the largest increase since lhe bank required for the sinking fund more than a year ago mim and lhaunnly £165,010 is ago. The profits totalled $18,473,148, The reee.pts of the ra.lway was organised, 115 years ,nd interes, on the remaining bonds. more than the profits for 1926. and the year 1927 or nearly $21,000,000 were slightly larger than the preyious year, on aeemult of fhe large erop siouid prove e<,ually .atisfaetory earry, The PaulistaGo met 6i eoffee which the railway will Directors announces Ínterim dividend lhe interest and smk.ng fund. Mappin Stores (Brazil). "A" "B" with their usual puueU.ality less tax, on and to almost £185,999, agams at the rate of 5 per cent. per annum, Ourrevenue for the year amoonts same dividend the balance brougnl orward ordinary shares, payable Jan. 21. (Last ?&?, £,89,990 las, year, aad after. «dding "A" but there was uo ínterim stock, fees alares, was paid on ordinary sharees, and dedueting interest oS the debenture "B" £222 999 is left. Dcduc mg th dividend on ordinary shares). , offiee expenses. a halanee of we have a ne, halanee o 1 dividends paid in Jnne last. this we to transfer £16,000 £169 217 2s. 10d., and from propose of lhe progress made 2% cent. o„ the pre er Royal Bank of Canada. An indication „ ^venue reserve account and pay per Royal Bank stock, thc lattei is reflected in the report of the 6 cent. on the ordinary in the Dominion encetnce stotKstock uuuand pei- fl balance ended Nov. 30 last; which shows profits 9 cent. toi me jeai. of Canada for the year "navment making per over 14,516 239 in previous forward, an .nerease of tor the year of $5,370,145, as compared with £70 914 Os. ld. to he earried total available tor dis r.bu- also there has been, perhaps, year With balance carried forward, £ 508 This vear and las, year as follows: Ínterim and f.n.1 d.v.dends tion to $6,779,820. This was appropriated a hn-ge difference hetween the amòunted ather next s,x months contribui mus to officcia comes and lhe resuhs of the Dividends and bônus, $3,984,988; 1 wle, lhe time mor for bank premises, $400,000, and if the rate the» dee.ared cannot pension ,fund, $100,000; reserve „« , wn ve will see But leavmg a rate we hope to reeommend. reserve for Dominion Government taxes, Í485.000, iearv"hôuld Sproach the fina. compared w.h increased you mus, not .,ump halanee at eredit of profi, and loss of $1.809.881'. th Ínterim dividend he was increased to final will also be mereased $1,409,674 During year paid-up capital o the eonelusion that the shares allotted to süare- the balanee-shee, W**»*g $30,000,000. With premium on new Now if vou will refer to stand at $31,80J,J.H. the eapital, ^ff^f ^^it holders, reserve and undivided profits now on „e liabllUy side tha, with ¦ as last year. ine capiuu accounts ineluded in slatement compare pre- t . .,,,,,,,,11 are the same Pri„c'pal rereased., a„oUt ™ vious vear as follows:— ir::;::;: :::,\:: btn ^^ 1926 1927 Between the eost 2 differenee ^^ — $ $ "«". ^b^e 894,663^903 ÍnVe8S « ***** Total asseis 766.376,943 o" £-£&-& *&* se- 455 433,042 this by £29,900, representmg Liquid assets . 3(57,280,083 Tinaccount, ¦danti iss ,',! creased,wlv.im.0 year 288 722,630,090 of the Paulista Railway payment Total deposits . 612,860 151 288,034 ciei .-evenue Total call loans 101,71/445 next April. Sundrj account shows 5181,190,498 account; and be ic^nuc the Total cur loans 338.727,692 again, is a fluctuating oa. vu 183,651,551 r ciwm 2s^s. 10d.,iyu., againstE ro(\UCCí\ ,1150,080 l»s. Cash holdings . 157.568,134 n balance of £153,217 by £119,000, 42,556,201 bonds ave ben ,^uee1» Note circulation . 39,171 ;2d.i „sse, side the Paulista 778.058 73,307,380 outstandtng of £^....^^ Gov»t. securities . 64 k,iving „ balknee hy the sink. 38,350,978 "honÍ^arger Chqs. on other banks... 27>214^ invested in 16,2.1. 5.370,045 a.nount for 4,n :-""fS TJt S Profit year 30,000,000 eapha, «MOMJO Paid-np 31,809,831 Reserve fund . ^,809,674 ¦¦•¦-,. . WILEMAN'S BRAZILIAN REVIEW. February 9, 1928. Cash increase about £1,000. Income-lax in suspense increased by about £3,500 on account of the larger revenue. The revenue account shows the interest on debenture stock to be usual HIME & CIA. 52 52, RUA THEOPfflLO OTTONI, ••.¦¦___ amount; fces, expenses, &c, less by about £200. Revenue re- ¦ serve £16.000, against £14,000 last and the balance carried (esquina da Rua da Quitanda). year, "FERRO." to the balance-sheet about £2,700 more than last year. Interest Caixa Postal 593 — Endereço telegraphlco received on Paulista bonds and other investments £4,300 more Telephone 6075 Norte. than last year, and lhe underwriting commissions about £110 Import. de Ferro, Aço, Ferragens, Cimento, Tintas, Óleos, ete. more. Tbe year 1927 might be called fairly satisfactory from the Depositários dos produetos da COMPANHIA BRAZILEIRA DE investors' point of view, as many securities, particularly In- UZINAS METALLURGICAS—com grande laminação de ferro dustrlals, in íbis country, have increased in value. Some have em barras, vergas e cantoneiras, fundição de ferro e bronse, fabricação risento a dizzy beigbt—whether justified or not I leave to those dc parafusos, rebites, pregos para trilhos, ferros de engommar, balanças, louça de ferro fundido of special estanhado e the inner templo with information—but these wc have de ferro batido estanhado, de canos de chumbo, etc., etc. not indulged in, nor do wc believe our sbareholders would wisb — FABRICAS: — us lo. NOVA INDUSTRIA—Pontas de Paris, tachas para sapateiro, Tbe Rio Claro Co. is a Trust company and not a speculative em ferro e latão, louça de ferro batido e esmaltado, etc. t or dealing company continually buying and selling securities EMPREZA PROGRESSO — Fogões, caixas d'agua, ferraduras, "turn" for tbe purpose of making a or a quick profit. We portas de aço, gradis, etc. "SOL." occasionnlly change our holdings because of insufficient yield, Phosphoros marca — Metal Deployé. deterioration of security, and otber good reasons, but tbe number Coalho "JACARÉ." — Cimento "Saccadura," white Brothers. "NOBEL'S iuu\ value of such cbanges are very small in proportion to our Dynamite e Gelignite da EXPLOSIVES Co., Ltd." total capital. The effcct of tbe disastrous coai strike sbowed itsclf on Depositários do ferro goza daa Usinas Morro Grande many a balance-sheet, although I am inclined' to think that some ESPERANÇA, BURNIER, RIO ACIMA. boards of dirêctors stretcbed that effect to its in Ümits order I _____¦__>«¦ __-**_*-_- r*. to pacify their sbareholders. With regard to our sundry investments, these yield on the tion of nearly 100 million dollars (paper) in the floating debt average 6.75 per cent., and as we have made a few cbanges and lhe outstanding balance of that portion of the debt payable during tbe year I will give you figures: We hold in bonds 33.93 abroad cleared up. per cent., against 36.07; preference stocks and shares, 20.64, The prospects generally appear to be good. Wheat, bnseed, against 17.38; ordinary stocks and shares, 45.43, against 46.55; oats and maize ali promise well, and the raihvays in which we and these are distributed as to 46.28 per cent., against 50.81, have substantial interests ougbt to continue their prosperity. in Central and «South America; 1.10, against 1.25, in North Customs receipts for elevou months aro up 15 million dollars. America; 5.98, against 5.58, in Europe and Ásia; and 46.64, Exports for ten months exceed imports by 160 millions, as against 42.36, in Great Britain and tbe Colonies. It is interest- against an adverse balance of 13 millions in 1926, everything ing to note that the yield on bonds, debenture stocks and de- indicating a satisfactory New Year for the country. Altogether, bentures is this year sligbtly higher than on tbe other securities, these conditions prêáefit a pleasing picture and show the results but the former show depreciation as against a substantial ap- of a shrewd and progressivo administration. precíation on the latter. This fact would appear to indicate Brazil has not yet suceeded in bringing the Monetary Reform lhe tendency of markets during the year lo raise the value of Law into full oporation, but through the control exercised by share capital, owing to the better prospects of business generally. the Bank of Brazil the milreis has remained at about the figure I was interested to see a paper reccntly read by a gentleman at which the law proposed to fix it. Whether the law will ever connccted with the insurance world dealing with the question be put in full oporation or the milreis remain at the present of yield on sundry investments. He chose 54 British undertak- figure remains to be seen. Converting ali her foreign debts ings of a very varicd and comprebensive character, and assuming into sterling, Brazil owed at tbe end of 1926 nearly 140 millions, an investment of £1.000 caeli in ordinary and fixed interest and during 1927 she borrowed over 25 millions, so that to-day bearing prior charges, he compared the years 1912 to 1926. The she owes 164 millions or thcreabouts. She has resumed the range of yield on the variable dividend securities fluetuated sinking fund on her foreign loans, and she has to find and remit from 5.12 to 7.07 per cent., and that on the fixed interest group .something like 12 millions annually to meet this and the interest — from 2.93 to 3.95 per cent., representing in aggrcgate income on those obligations some task at 57/8d. per milreis 1 The for these years the substantial difference of over 60 per cent. Government depend largely on tbe balance of trade to meet in favour of the ordinary stocks. I should have been further foreign liabilitics, but this year may let them down hlftlly. Up interested if the gentleman had dealt with the question of de- to 30th June last the imports exceeded the exports by £1,332,000, precíation, for while this company's experience does not quite as against a balance of £3,255,000 in favour of exports for 1926 coincide witli bis conclusions as to yield, tbe depreciation on or a difference of nearly five millions. This, of course, may our securities is certainly in favour of ordinary stocks. be altered for the better during the second half of the' year, The Argentine has had a prosperous year. Two years' which usually favours exports. Some relief miglit also have freedom from labour troubles, uncmployment of no consequence, been found by exporling the very large coffee crop more rapidly, reccntly and an organisalion formed among the railway officials but in order to keep the price up the quantiües allwoed to be with tbe blessing of the Government for the purpose of en- brougbt to the market monthly are so small that they have little couraging and for seülers, a cheme which should effect on exports. Should providing the balance of trade for the year matcrially help the of country. favour produetive power the While ín of lhe country be trifling.or on the wrong side, it will interesting other countries are relying on lpàns for stabilising their currency, bc to soe how the Government will meet tbe sitüation Argentina is obtaining gold with comparativo case for the va- and how lhe milreis-w.il staíid the slrain. of substantial balance in favour Another lorisation hers. A of trade her export produçt is seriously affected, and that is export food-stuffs rubber. by the produetion and of essential to the The demand for rubber is now enormous, but the whole instead of confining her efforts to one or even two demand Brazilian world for rubber seems to be getting less, even at consumption cnbanccd the value produets with a limited of lhe a price below the Eastern Plantation type. Some figures I saw attract to the country. and in August last the Go- the other peso to gold day gave the market prices in 1914 of fine Para and vernmcnt decided to deliver gold in exchange for paper currency. and plantation rubber at 2s. 9%d. and 2s. 2V2d. respectively in the country cqual to 79 cent. of the or a difference There is now gold per of 7d. per pound in favour of Para. Now the on national accounts, reduc- note circulation. A surplus the a prices are reversed, plantation being about ls. 8d. and Pará gü*. ¦¦ ______.^...... _HK2â__"_? ¦...._.-¦ ¦.:¦ »__M _*_.:_. .'.''. ._.*_._...__. l'a . . ¦ . r_7í__ .-__ -¦- . .___,_, !'í ¦-t 183 February 9, 1928. WILEMAN'S BRAZILIAN REVIEW. THE EXCHANGE MARKET. ls. 5d., and difficult to sell even at the difference of 3d. per pound. This is easÜy explained: The annual production of Rio de Janeiro, February 8th, 1928. crepc rubber amounts to about 600,000 tons, even under the 90 days closing drawing rates:— present restriction of 60 per cent., and Brazil's production is Rio-N.Y. only 30,000 tons, a large proportion of which is inferior quality, Bk.ofBrazil OtherBks. Milreis N.Y.-Lond. valued at about 2d. per pound less than Pará. Is is to be Pence. Pence. to Dol. Dol. to £ adapted their machinery to 31/32 8$270 4.87 3/8 wondered that manufacturers have february 8th, 1928 . 5 31/32 5 use the crepe rubber when they have such enormous and regular February lst, 1928 . 5 31/32 5 31/32 8$280 4.87 1/8 supplies to draw from rather than depend on a meagre quantity which would satisfy only a fraction of the present demand? Rise or fali $010 + 1/4 Certainly Brazil has developed in many direclions since the 14 The exchange market continued virtually firm throughout the Republic was formed in 1889. Its population then was week ending this afternoon and unchanged ai 5 31/32d., the millions, and it now is about 37 millions. Its railways extended Its market closing again with lack of general interest. to over 9,000 kilometres, and now they are over 31,000. total in Foreign banks quoted generally during the week 5 123/128d., exports amounted to about 22 million pounds in value, and im- but the market was destüute of interest throughout that period, 1896 they amounted to 94 millions. These few figures are there being no tendency in any direction. and had the Government been able to balance its tiressivc, coffee markets are actually quiet, an improve- the country would not have been in Though the Budget during those years it would not surprise us to witness prices nor would the inhabitants ment is in sight and the financial position it is to-day, further support cost of át Santos rising in May or June, which wül have been ground down by taxation and thc exorbitant into slahilisation, which, with the recent large entries of gold living. "Caixa is becoming a real factor. It is that the President the de Estabilisaçao," There is satisfaction in learning, however, for re- and prematuro to talk of conversion of the currency, gold the necessity to cconomise in thc Administration realises serves are still insufficient for thc purpose. Nevertheless, thc collection of dues and taxes, and is taking the more effective conversion is laid and so long as the present both. And I understand that foundation for steps to producc good results from reason to fear for the future the country, policy is mainiained, there is no President of Sao Paulo State, that mainstay of the of stability. is equally energetic and effective. .•-•I Gold in the "Caixa de Estabilisaçao" (Stabilisation Office). "Caixa" equivalent value in The gold in deposit in the and its 4th and MONEY. currency, and "Caixa" notes in circulation on February January 28th, 1928, are as follows:— Value Valeg:— Descrimination of Gold Equivalent Official Exchange Quotations. Câmara Syndlcal and in milreis currency of gold in respective currencies Sight Gold Pence Pence Spccie&bullion: Feb. Jan. 28 Feb. WM Vales 147.241:702? 90 days Sight Sovereigns Dollars Sterling . £3 619,498 £3,619,499 147.241:681$ 313.510:712$ 313,571:565$ 115-128 41$800 8$346 4$566 US DolTars . $37,505,768 $37,513,047 February 2 . 5 123-128 5 14.565:047$ 14.565:401$ 411800 8$347 41586 Francs" " .... fcs.9,030,345 fcs.9,030,565 February 3 5 123-128 5 115-128 L V _ 5.651:877$ 5 651:877$ 41$800 8$344 4$566 undry . . ² : .;¦; February 4 5 123-128 5 115-128 41$800 8$343 4$560 February 6 5 123-128 5 115-128 480.969:817? 481.030:5455 411800 8$345 4$566 Votai Specie . - .', February 7 5 123-128 5 115-128 41$800 8?345 4$566 Gold Bul. (Bars) grs. grs. .ál/^iAn* February 8 5 123-128 5 115-128 55.152:965$ 54 405:107$ Fine gold . .9,927,533.855 9,792,919.330 41$800 8$345 4$566 . 5 1231*128 5 115-128 B 536.122:282$ 535.435:652$ Average . Total deposits Equivalent . 5.960.937 5.898.437 Circulation:— ,„„' 1M ._„. "Caixa" Notes in eireulation m'm'\Z V^Z nivisiona. coins in eireu.ation 6:142» EXCHANGE ^M» THE DATLY MOVEMENT OF To be issued æ 1928. Thc Bank of Brasil posted 536.122:282$ 535.435:652$ Thursday, 2nd February, Totalm.i- circulation infinn ••• 5 123/128d., with money al 5 31/32d and foreign banks quoted and rates were unchanged ' "Caixa" the week shows 5 255/256d. The market was quiet The movement at the during New York-London rate carne $4.87 with the week:- throught this period. The the following changes, as compared previous or Decr. and Paris-London 124.01 to the £. Incr. Feb. 4 on Jan. 28 unchanged. The New Fridav 3rd February, 1928. Rates 124.01 to the £. Gold Milreis York-London rate carne $4.87 and Paris-London __ £1 ² 21$ Sterling . . />A oKoft unehanged. The New - í"7" - M!«S* Saturday, 4th February, 1928. Rates Dollars Paris-London 124.01 to - f"fft a ^4* York-London rate carne $4.87 1/8 and Francs the £. Sundry Specie . unchanged. The New Monday, 6th February, 1028. Rates m _ _ _ _ 61:228$ 124.01 to Total Specie K1. opoí rate carne $4.87 1/4 and Par.s-London + 747:8»» York-London Bullion + grS.134,614.525 the £• . Rates unchanged. The New ~ + Tuesday, 7th February. 1928. Grand Total. _««*f* 1/4 and Par.s-London 124.01 t„ York-London rate carne «4.87 deposit, but only sligbt decreases in specie in £. There were the bars of 134,614.626 ««•.•***** The New an increase in bullion or gold 8th February, 1928. Rates unchanged. from the St. John dei Rey Mimng Wednesday, 124.01 to to 747:858$, ali received S4.87 2/8 and Pans-London York-London rate carne Co., Morro Velho, Minas Geraes. the £• ¦_". '' í,~#"--»w~~" fC .' - ¦ *¦¦.;¦ «f ..- rf j-vTt. ¦ J '¦;¦- « .VILEMAN-S BRAZILIAN REVIEW. February 9, 1928. APPROXIMATE VALUE OF THIK1EEN LEADING EXPOUTS, FROM BIO AND SANTOS, IN I1.ÍW. Av. per Mo. of days. Coffee Mang'ese Meat Sugar Beans Cotton Rice Hides Lard Sundry' Total dieip Total, 12 months, 1918 18,099 2,046 3,230 967 1,641 237 1,350 1,000 1,131 29,641 81 Monthly average, 1918 1,503 171 269 81 137 20 112 83 94 2,470 ri Weekly average, 1918 347 39 62 19 32 6 26 19 21 570 f- Total, 12 months, 1919 67,880 939 3,138 1,299 1,197 1,924 525 1,501 2,193 778 81,374 223 Monthly average, 1919 5,657 78 262 108 100 160 44 125 183 65 6,781 223 Weekly average, 1919 1,305 18 60 25 23 37 10 29 42 15 1,565 223 Total, 12 months, 1920 51,037 1,971 2,857 1,204 656 3,004 2,853 1,116 432 362 66,392 182 Monthly average, 1920 4,253 164 238 IOO 46 250 321 93 37 30 5,582 182 Weekly average, 1920 982 37 55 23 li 58 74 22 8 7 U*7 182 Total, 12 months, 1921 31,63511,635 1,012 1,367 362 6 391 306 469 207 110 35,864 98 Monthly average, 1921 2,637 84 114 30 - 33 26 39 17 9 2,989 98 Weekly average. 1921 607 20 26 7 — 7 6 9 4 2 690 98 lotai, 12 months, 1922 41,815 631 914 281 796 23 379 98 74 46,011 123 Monthly average, 1922 . 3,484 53 76 2- 66 2 31 8 6 3,750 12! Weekly average, 1922 804 13 18 5 15 7 2 1 865 123 Total, 12 months, 1923 43^739 4.0 1,332 294 780 56 473 461 76 47,655 131 Monthly averags, 1923 3.645 37 111 24 65 5 39 39 6 3,971 131 Weekly average, 1923 841 8 26 6 15 1 9 9 1 916 131 Total, 12 months, 1924 65,425 392 1.082 30 82 333 75 15 67,435 185 Monthly average, 1924 5,452 33 90 7 28 6 1 6,618 186 Weekly average, 1924 1,258 8 21 2 7 1 — 1,297 185 Total, 12 months, 1925 67 584 694 729 12 1.166 494 24 Monthly average, 1925 6.532 58 61 1 97 41 2 5892 194 Weekly average. 1925 1.296 13 14 22 9 1,359 194 SMonth January 6,291 95 15 15-23 6,439 208 ..Month February 5,084 116 . 2 ² ² 15 5,217 186 SMonth March . 4,966 97 — ² 16 5,068 169 SMonth April 4.851 22 — ² ² 12 4,886 163 -¦Vi.ii li May 4 521 72 21 2 13 4.629 150 SMonth June 3,924 121 8 ² ² 12 4465 136 SMonth July 5,597 194 26 15 14 24 5,781 IN SMonth August 6,394 66 61 2 — 19 5,642 179 SMonth of September 5.500 57 2 5 19 24 5,607 187 SMonth of October 5,632 93 9 20—30 5,784 187 SMonth November 4 358 65 19 ² 41 2 4,488 150 SMonth December 4,744 37 7 43 10 4,147 IM Total, 12 months, 1926 60.852 945 170 ² ² 64 37 271 — 14 62,311 176 Monthly average 5.071 79 14 ² ² 5.3 22 — 5,194 176 Weekly average 1,170 18 ² ² 1 % ~ \ — tt 1,198 176 1927. SMonth of January 5,664 ² ² ?1 43 ² — 5,739 185 SMonth of February 4,444 30 — ² ² 19 4,498 166 SMonth of March 4,762 36 11 — --¦ ² 35 4,844 158 SMonth of April 3,633 14 36 — ² ² 30 1 3,714 124 SMonth of May 3 570 .30 31 — 2 13 41 1 3,688 119 SMonth of June 4,326 92 60 — 5 11 31 5 4,530 151 SMonth of July 4,398 31 112 — 4—72 4,620 149 SMonth of August 4,307 47 138 . — ² 40 17 4,550 147 SMonth of September 5,006 39 - 40 6 ² 58 48 5,197 173 SMonth of October 6,493 92 62 6 9 63 6,726 217 SMonth of November 5.374 56 17 2 ² ² 53 5,502 183 Week ending St ti December. 902 16 2 ² . ² 12 935 134 Week ending 15th December. 1,844 49 - ² ² 3 1,896 271 Week ending 22nd December 1,285 ² — 1,297 185 Week ending 29th December 558 — ..-.... -V, 27 606 87 SMonth of December 5,901 25 66 — 5—58 6 055 1928. 195 Week ending 5th January .. 1,552 28 — ² ² 21 1,607 229 Week ending 12th January.. 1207 ² 19 — ² ² 10 1,236 177 Week ending 19th .lanuary.. 1029 16 11 — -- ² 2 1,058 151 Week ending 2fith -lanuary.. 1,606 12 — ² ² | " 14 1,637 2.39 SMpnth of January 4,788 38 51 — ² • — .. 39 4916 159 Week ending 2nd February.. 905 ² 10 — ² '-¦'—'.- 13 928 'Sundrics 132 SSubject to alteration. comprise Cocoa, Tobacco, Cottonseed and Mandioca Meai '' :¦. 71''-,'';¦>_.", ¦¦"-.'¦'vv "V>; v :**j*f. .a' ¦.."':¦'¦•¦ *" "¦'.'-. * 185 February 9, 1928. \VILEMAN'S BRAZILIAN REVIEW. f REVENUE, RIO DE JANEIRO MSTRICT. THE STOCK MARKET CUSTOMS Collected Premium Collected Total in '28 28 Jan. '2ô Feb/27 4 jTeb. ingold ingold in paper Paper 712$000 720Ç000 — Untfonuisadas Contos Contos Contos Contos «Municipal 1906, buyers 146S500 148$000 — 5,571 19,872 7,196 32,639 • Ditto, 1920, buyers 142S000 137S500 — January 1928 (ágio 350.7%) . ¦ Bank of Brazil 399$500 398S000 — December 1927 (ágio 356.7%) 6,470 23,078 7,785 37,333 Funding, 1898, 5 cent. 92 921/2 88 1/2 5,280 19,055 5,969 30 304 Brazil per 3/4 .Tanuary 1927 (ágio 360.9%) Ditto, 1914 new... 857/8 87 1/8 77 Convcrslon, 1910, 4 per cent.. 61 1/4 63 56 in January, 1928, ..... 94 941/2 88 3/4 The premium at which gold was appraised Ditto, 1908, 5 per cent.. cent. in December, District, 5 cent... 85 3/4 83 74 averaged 350.7 per cent. as against 356.7 per Federal per 1/2 - Brazil Railway 251/2 25 1927, and 300.9 per cent. in January, 1927. 2141/4 214 118 1/4 collection in the Customs Brazil Traction 1/2 Cornpared with December, 1927, S. Paulo Railway 196 196 161 an ali round decrease of 899 contos 61 61 53 during January, 1928, shows Leopoldina Railway ... in of 3,206 contos or 13.9 cent. 6 3/4 6 3/4 8 or 13*9 per cent. in collections gold, Dtimont Coffee, 6 per pref. 589 contos or 7.6 per cent. dei Rey Mining Ord.. io 10 ir-6 per cent. in premium on gold, of St. John 4 1/2 decrease of 4,694 contos or 12.6 Rio Flour Mills • 83-6 83-3 83 in collections in paper, a total London and South collections. Bank of 10 3/8 9 4 1/2 per cent. in total America 10 3/8 January, 1927, Customs revenue shows, a 92 911/2 85 Cornpared with Royal Mail Ordinary increase of 291 contos or 5.5 per cent. in collections War, Loan, 5 per cent, general British 1013/4 101 3/8 of 817 contos or 4.3 per cent. in premium on gold, of IÇ2Q ' in gold, 1/4 551/2 55 1/2 or 20.1 cent. in collections in paper and finally Consols, 21/2 per cent. & 57.75 1,227 contos per 3 cent 68.75 66.95 or 7.7 cent. in total terms of paper, i.e. col- French rente, per 87.60 69.20 2,335 contos per 5 cent 87.30 Ditto, per 74.50 73.15 53.70 íectioris in gold, premium plus paper. Ditto, 4 per cent «Closing Rio Stock Exchange. BANK BALANCES. MONEY MARKET THE RIO BANK OF LONDON AND SOUTH AMERICA LIMITED. at sight, Rio on: Exchange rates '28 '27 Capital Authorised £4,000,000 28 Jan* 4 Fev. Capital Subscribed £3,540,000 7/8 5 29 32 513/16 5 27/32 5is"'^ 5 Capital Reallsed £3,540,000 $328- $331 $332-- $334 lllii; - $362- $364 Fund £3,000,000 ¦$442— $445 $441 $446 Reserve Italy 15-80- 1Ç185 .$163— 1S168 1$162- 1S164 BRANCH Belgium • $437- $445 BALANCE SHEET OF THE S. PAULO $402— $406 $408- 8$410 Portugal 8S350 8$490- 8$510 New York. .. 8S345- 8$360 8$340- - -- January, 1928. 8S355 8$3 0 - 8$350 8$490 Assets Canada 8S350— 8$020- S$080 8S135- 8$180 8S130- 8S180 discounted 35_932:550$430 B. Aires, gola. 8$370- 3S374 3$520— 3$580 Bills B. Aires, peso 3S580- 3r*87 BIH. neclvablc: HomV BOto £¦...'; .ftSHSSlô 2$246- 25351 2$245- 2S248 Foreign bills .... •¦ ¦¦ ¦ ¦¦ ¦¦ æ 5S. Sweden" ."...*. - 2$230 Ditto- 9i4:807$970 NOTtZ • • 2$225 - 2$210 2$22i Loans in current accounts «R4-Q19...7Q0 3Í922- 3$933 3S919- 3S926 in guarantee 144 fl^ay . 1Ç411- 15418 Collaterals deposited WlSüSoOO te::::::::::.Spain iW-ia 1S42L«1S43° Securities deposited ..... 214*516$850 §055 190:667$400 Ròiirriània S055 Real Estate and Share a/c 2Ç012- 2S015 rtead Office ¦-••• 3 989 096S780 •**_<- Branches and agencies—at home 1.394:716$010 s * __=-& =- DHto, abroad nn^iqsgWo :s.:.:":': 3S373 3$3f5- 3$372 35308- C°Shl!n Holland 10.m-WW» 31.770:6441550 V_lU:iOg,htSratr_Í".640S20.-40$421 40S2O9-40S42! - B.S"dÕyB.a.l.:...... 12.671:205$500 Valuc o! 1 sove- 41$500 Sundry accounts reign, buyers.. l.-8o/_ 4 1 6° 457.62l:812$3fi0 Dlscount London 4 1,80,0 4 of Eng- Do. Bank ° 4 1/2°/° 5° o land 4 1/2", 3 3/4o o Liabibties. 48.944:397$730 3 5/8°/0 3 5,8°/o Do New York... Current account with interest 3.860:986$380 Ditto. wlthout interest 39.337:9631280 Deposits at fixed dates 4.433:5591090 notice "^nrantee""'.'.'.'.'. Deposits with 7 V ^203.806:607$970 PAULO STOCK EXCHANGE Securities deposited and In guarantee S. •• **"'.•' *' AQlim$^Q 4th February 1928* Head Office ;.• ,,, 12.921:1895100 8. Paulo, and agencies—at home 209:757-1810 sii-crs BUYERS Branches Ditto, abroad .. 491:859$010 Bills payable I"'"n.n—HomeBU-sHome ª 56.671:766$450.*• 63.733:877$0.0 Bonds. . 805SOOO 790SOOO Bills for collection per contra. State of S. Paulo Treasury 845s0''0 • • 855Í000 '0J Foreign Bills "" 11.802:1481980 Ditto. 1921 y °|M 65$' accounts __ S. Paulo Municipal Bonds 6 84S000 Sundry Ditto, 1909 84SO0O 457.621:8128360 Ditto, 1910 79SO0O 80$000 S. Cole, ManagcT. Ditto, 1913 QOfOOO 86$0I10 Paulo, 6th Feb, 1928. J, Ditto, 1918 90S000 F &O E.-São •• Brown, Accountant. Ditto, 1925 •• 631$-00 628$000 E.: Coinmercio e Industria...... Banco S. Paulo 297$000 294S000 NOTICE. Banco Commer. do Est. de 120S000 1MPORTANT Paulo o^o) ..... 124S0Ü0 Banco de S. (60 98S0U0 9ôg000 HanU of ^cPa"10:;- correspondence, etc, posted to NorthAVestern b. Pauio. 200SCOO Please note that ali Cia. Armazéns Oeraes ne whether to the Ed.tor. .Wl„__-'.Wiiemans Bra_i.ian Beview.''8hould Caixa de Liquidação 208^000 202S000 etc, be addressed to Railway Co * Manager, H. F. Wileman, Mogyana 273SO0O 2715000 Janeiro. Paulista Railway Co.. *, *. «Caixa Postal 809, Rio de Market actixe r ; "-.'"- *'. • íp ' * February 9, 1928. lííw WILEMAN'S BRAZILIAN REVIEW. SÃO PAULO RAILWAY COMPANY Time-table, until fupthep notiee for SANTOS Trains leaving SANTOS for SÀO PAULO Trains leaving SAO PAULO tantas t. Panlo S. Panlo Santos Remarks Remarks depart arrive depart arrive s. 2 6.00 8.39 I Daily. Excursion tickets not availa-le. s. 6.20 9.00 Daily. & Hollday?. Buffet Car tt s. 7.34 10.00 Daily. Buffet Car. s. •1 745 9.55 Daily, except Sundays numbered seats. . s. 5-A 8.15 10.19 Mondays 8- days following holidays only. Pullman ' Pullman Car 8t Car and numbered seats. S. 6 8.08 10.03 Daily, except Sundays & Holidays. S. 5 8.25 10.19 Week days, except Mondays & days following ho- numbered seats. liclnys. Pullman Car 8_ numered seats. S. 8 8.11 10 34 í Daily. S. 7 10.25 1255 Daily. Restaurant Car. S. 10 10.00 12 42 Daily. Restaurant Car. Daily with Pullman Car on week days only. S. 12 12.15 14 46 Daily. Pullman Car only on Working S. 9 12.47 15 24 from April to Au- S. II 14.00 16 27 Daily, Buffet Car. Days, and not on Saturdays Daily except Sundays and Holidays. Pullman Car. gust Inclusive. Buffet Car. S. 13 16.31 18.25 May, and S. 15 16.47 19.02 Daily, Buffet Car on week days only ft numbered E. 2 I 14.00 16.05 Saturdays only during April, June, July, seats. Excursion tickets not available. August. Pullman Car 8c lst class coaches only. Numbered seats. S. 17 17.18 19.45 Daily. ex- S. 19 18.50 21.05 Daily, Restaurant Car. Excursion tickets not a vaila- S. 14 14.30 17.12 Daily. Pullman Car on Sundays and Holidays, ble. numbered seats. on Sundays 8: Holidays cept on Saturdays of Aprill to August only. S. 16 16.15 18.09 Daily except on Sundays 8t Holidays. Pullman Car & numbered seats. S. 18 17.00 19.34 l! Daily. Buffet Car. S. 20 18.50 21.11 Daily; Restaurant Car. Excursion tickets not available. and Holidays only Sundays and Holidays only. Sundays F. 5.50 8.08 2nd. Class coaches only. F. I 8.15 10.25 Pullman Car 8_ numbered seats. F. 6.35 8.53 lst. Class coaches only. F. 3 16 10 18.24 Pullman Car & numbered seats. F. 7.10 9.29 2nd. Class coaches only. F. 5 18.15 20.31 Sccond-Class coaches only. F. 7 35 9.47 lst. Class co..ches only. Buffet Car. F. 9 19.25 21.54 F. 10 8.00 , 1005 lst. Class coaches only. Pullman Car 8: numbered F. 11 20.05 22.10 First-Class coaches only. Pullman Car & numbered seats. ! seats. F. 14 I 19.20 I 21.49 Pullman Car. TRANSIT PASSENGERS eallingat Santos usually have ample time to ascend SAO PAULO sometimes called the «Chicago of South America» and whose. r,.;,'.-' ...""¦'¦.." ,.'. - ,1'X'AA.A .. thcslopcs of the forest-clad mountain range knówn ______prosperity bids fair at no distant date to rival that of its above as the «Serra do Mar» ; special trains will, at an hour's notiee, be placed named American contemporary — is a bright breezy city, situated on a tab- at their disposal nt a cost of 200 milreis for 40 passengers, plus Goveru- leland 2,700 feet above sea-level, and distant 79 kilometres, or, Ih. 50ms. mcnt impost of 1$5Q0 per passenger travelling. Above that number 6$ 100 by São Pau o Railway from Santos. It possesses wide streets, important each person. public buildings, theatres, excellent shops, etc, and electric tramway and The return trip lasts 3 hours in ali, givingtime for Imicl. at the top lightii.g services, and is notable for the unusual architecture and floral of the Serra («Alto da Serra»). beauty of some of its residential suburbs. The sanitation is perfect and the Passengers arriving early at Santos can also usually visit the city of climate bland. Sâo Paulo ; leaving Santos by the 8.25 train, they reach São Paulo at 10.19. wharves alongside which ali ocean After a motor drive through this large city with over 700,000 inhabitants, THE PORT 0F SANTOS possesses going steamers are berthed. Its quays and spa- the 12,15 train will land them in Santos at 14.46 in good time to catch the ali des steamer sailing at 15.30 or later. cious warehouses are perfectly equipped for the rapid despatch of The Sâo Paulo Railway, whose first section bejgan in 1860, has been criptions of cargo. assiduously Consolidated and improved since then, and has long cnjoycd a BUSINESS IN SAO PAULO STATE is, uaturally, for the most part, of deserved reputation as second to norte ln the world in point of solidity and an agricultural and pastoral character. security. The Government is always ready to encourage enterprise. The Secretary The Incliucd Planes on the Serra represent a triumph of enginecriug of Agriculture replies promptly to ali inquiries through the special «Infor- Ecicnce and perseveranec. The geological cnaractcristics of the ground are mation and Publica tion Section» of this Department. such as to render construetion and mainteuance of railway Unes over it a work demanding the utmost patience, skill and carc. 1/5/27. E. A. JOHNSTON, Superintendeu.. % RAILWAY NEWS. COFFEE. THE LEOPOLDINA RAILWAY COMPANY. Rio de Janeiro, 8th February, 1928. ESTIMATED WEEKLY TRAFFIC IU.CFIPS. Closing Qüotations; SPOT. RECEIPTS FOR WEEK TOTAL -New York-- Year Week Ended From Rio Santos Rio -Santos- Currency Exchange Sterling lst January 7s 4s 7s 4s 7s 1928 28th Jan. 2.148:000$ 5 123/128 53.350 £ 190.278 February 1, 1928 . 241086 ãStfOOO 14% c 21%c 19 %e Febrruary 8 192» . 24*853 83$Ò00 Ü% c 21 %c 20.0e 1927 29th Jan. 1.447:000$ 5 7/8 35.421 £ 128.876 ™ 1.0c- Increase. — 701:000$ 11/128 17.929 £61.402 Rise + 1817 0.34c 0,4'c Ditto, % 3.4 7.3 1.2 1.3 Decrease. —- ² — OPTIONS. Rio -Santos- — New York — Feb. Feb. March March May THE SAO PAULO RAlLWAY COMPANY. February 1, 1928 241925 34.$000 35$pÒ0 13.80c 13.62c ESTIMATED WEEKLY TRAFFIC RECEIPTS; February 8, 1928 24Í9ÒÒ 341375 34$725 13.72c 13.54e Rcceipt for Week TOTAL ' Year Week Ended from Fali . $025 í?225 $275 0.08c 0.08c ,st Currency Exchange Sterling Ja,lll''iry Ditto, %....:... 0.1 0/6 0.8 0.6 0.6 a : Rio and Santos, 10 kilos: New York, lb. 1928 January 29th 1.729:427$CC0 5 61/1.4 42.897-17-H207.7I5-I6-H per per 1927 January 30th 1.763:96.$ .00 5 29/32 43.410-1-9 210.118-9-9 The Santos Coffee Market (week ending 2nd Feb., 1928). Increase. ² ² 3/64 ² — There is little fresh lo report, except that Santos seems to be Decrease 34:538$400 512-3-10 2-402-12-10 pn the eve of rather better markets. There is no appreciable , change in lhe situation, but it looks as if the Buli clique were on the point of pushing prices once more, basing tbemselves, _, -.'•:_-/-' ,. February 9, .1928. WILEMÂN'S BRAZILIAN REVIEW. 187 i.e., the manipulators, doubtless, on thc fact that there appears COFFEE PRICES CURRENT. rather more interest on thc of the foreign trade, more ¦:-^m to be part %-> ¦ especially on the part of the Interior trade in thc U.S.A. During the week ended 2nd February, 1928. The market closed with February at 34$300, March at 34$750 and April at 348875, whilst well described 4s. are selling at Jan. Feb. Ave- "firm 21 28 30 31 I rage 21c to 21.15 cf. and 4's gobdbean soít, to firm", March 358000. deli very, are touching RlO-milreis Exchange quiet and steady. 10 kilos _ I - \ Eeret N. 6 24.989 24.853 25.057 25.193 25.898 25.534 25.170 - I - N. 7. 24.308 24.172 24.376 4.512 24.717 24.853 24.489 . N. 8.. 23.287 23 lõl 23.3551 23.491 23.695 23 832 23.468 Propaganda of Coffee and the Coffee Institute. Snr. S. » n. a... inst. futures, S. Medeiros of Sao Paulo püblished in his Bulletin of 4th Spot No. 7 an interview with Dr. Rolim Telles, President of the Institute Paulo in which he gave an outlinc of thc pro- Jntnary 24.800 24.800 24.800 oi Coffee of Sao February ... 24.675 24.700 24.775 24 800 24.925 24.700 24.762 Institute. March 24.025 25.050 pagandá of coffee policy of the 24.900 25.075 25.225 25.000 25.029 April 25\000 25.025' 25.175 25.'. 00 25.350 25.125 25.129 or- Side by side with the limitation of entries and of the May 25 025 25.200! 25 275 25.275! 25 400 25.200 25.229 25 200 25.300 25.325: credit system, says June 25 USO 25.450 25.250 25.262 ganisation on a large scalc of the agricultural uly 25.350 25.375 25 500 25.200 25.35tf of Sales — bags . 17.000 1.000 8.ÜUU 4.000 3.000 6.000 Dr. Telles, the propaganda for lhe expansioh of consumption 3 0001 the SANTOS-Milreis coffee abroad constitutes one the basic measures ruling per 10 kilos. coffee. Spot No. 33 000 33.000 33.000 33.000 33.OCO 33.000 33.000 problem of the economic defence of o» No. 7 32 C00 32.C00 32.00C 32.000 32.C00 32.000.32.000 The Institute has already signed contracts for the propaganda several firms which have direct contact with Futures. ot coffee with 34.075 34.075 with Jntiuary 34.075 consuming markets, those signed up to the present being Fedruary 34.175 34 375 34.375 34.500 34.601' 34.300'34 387 1.200 coffee houses of the March 34-275 34.650 34.7'25 34.975 35 000 34.750134 729 Theodor Wille & Co. rcpresenting April 34.750 34.9U0 35 050 34 «75 34.893 a firm of Kaiser Kaffe, in Germany antl Switzerland, with grant Sales 1.000 1.000 1.000 I 000 nil nil I 1.000 N YORK, ceuts .... O. Alves Lima & Co., Argentina of 500 contos per annum; with per lb. No. 6 ... 15 1/4 15 1/4 15 1/2 15 1/4 15 3/8 15 3/8 and Chile, with 200 contos per annum; with the Centrokomise Spot Rio 15 1/4 contos; with Cia. Franco -7/8 14 3/4 (Legiobanko), Tcheque Slovakia, with 250 No. 7... 14 3/4 14 3/4 14 3/4 14 3/4 14 3/4 14 with contos; Saraoano, Braga & Brasileira de Café, Paris, 300 Spot Santos No. 4 . 21 1/2 21 1/2 21 1/2 21 1/2 21 1/2 21 3/4 21 1/2 with 280 Greece, Yugo-Slavia, Turkey, Bulgária and Egypt, Co., No. 7 .. 19 3/4 19 3/4 19 3/4 19 3/4 19 3/4 20 19 3/4 Camargo, Paraguay, with contos and J. Guyer and Ageo F. de Options: — » 13.45 13,60 13,61 13. f6' 13 57 13.61 annum. » March.. 13.80 150 contos grant per » May— • 13.28 13,47 13,44 13 50! 13.62 13.44 13.45 Institute 12 13.18 Further details of the Propaganda system of thc » September» 13 03 13,18 13,17 13.28 13.32 13 . December» 12.93 13,19 13,06 13.16 13.22 12.98 13.09 will be püblished in our next issue. Sales 10.000 15,000 25,000 20.000 25.000 30.000 20.833 HAVRE 50 Kilos franes 490 489 3/4 494 495 1/4 499 499 1/2 494.58 March 479.16 May 475 474 3/4 478 3/4 480 483 483 1/2 September 477 4771/2 481 481 3/4)483 1/2 48 J 1/i 480.70 December 4451/2 446 449 1/2 450 1/4.452 452 449 54 ALL ABOUT COFFEE. Sales 4.000 1,000 4,000 2.000 4.000 2.000 2.833 Rpfg BY WILLIAM H. UKERS, MA. HAMBURO- per 1/2 kilo Options : — March 78 3/4 79 3/4 80 1/4 80 1/4 80 3/4 81 80.12 "Tea Journal." 3,4 77.20 Editor of the and Coffee Trade May 76 1/4 77 77 1/2 77 77 3/4 77 September ... 72 1/4 73 73 1/4 73 73 1/4 73 1/2 73.04 December. 71 71 3/4 71 3/4 71 1/2 72 71 3/4 71.62 Sales 4.C00 2.000 7.000 2.000 2.000 2.000 3.166 in the Field. The Fruit of 20 years' Experience and Study Companhia Registradora e Caixa de Liquidação do Rio de Janeiro. con- for the w«>ck ended 4th February, 1928- A sumptuous volume of 860 royal octavo pages, Quotations 777 illustrations, (Per 10 kilos). taining 30 chapters and 415,000 worcls; and 102 portraits, 29 maps including 17 pages in colour Hlghest Lowest thesaurus, a coffee chronology and diagrams, a coffee Sellers Buyers Sellers Buyers in coffee history, a coffee giving 492 important dates 25*050 248950 24$725 24$700 more than February of 1,348 tules, and an index with hibliography Mal.ch ' ' 258300 258225 258050 248950 10,000 referencesí April 258500 258350 258225 258100 May * " '.'. 258500 258400 258300 25820(1 Püblished by Jm'ie ' * 258550 258450 258300 258250 JOURNAL COMPANY. THE TEA & COFFEE TRADE July ,.' 258800 258500 258375 258'iOÜ New York. 79, Wall Street, Total sales of futures during week 42,000 bags. 1 •/ ______ Price 815.00 nett, plus earríagc. the week Entries at lhe ports of IRiò and Santos during against 231,037 ending -February 2, amounted to 217,532 bags, as 13,505 bags or bags during the previous week, or a shrinkage of for Brazil: Agents or 20.3 cent at Rio and 5.8 per cent, of which 13,255 bags per 250 bags oi' 0.1 per cent at Santos. Brazilian Review. at Rio and Wileman's Compared with the same week last year, entries 809. cent, of which RUA CAMERINO, 55-57, CAIXA POSTAL (P.O.B.) Santos show shrinkage of 37,033 bags or 14.5 per 32,994 bags or 15.5 per RIO DE JANEIRO. 4,039 bags or 9.8 per cent at Rio and cent at Santos. REVÍÈW. February 9, 1928. . 188 WII-EMAN^ BfcAZÍLIAN COFFEE CLEARED FROM THE PORTS OF RIO AND SANTOS. Total Cropop crop to 2 February Week ended 1925-26 1926-27 1926-27 1927-28 Inc. or Dec. 2 Feb. on 1926-27 6.768390 6,935,379 4 255 960 4,492 413 236,453 5.6 44,125 United States ¦ France 1.306,455 1.117,378 r-,89 430 805,923 216.493 36.7 15,866 French Possessions 143.898 156,430 04,427 107 784 13 357 14.1 — 3.9 25,073 Italy 1,014,172 868,370 (500,211 578,621 ² 21,590 Fiumc . . 9.800 5,063 4,375 938 ² 3,437 78.6 313 United Kingdom 18,005 13,786 10 728 5 179 ² 5,549 51.7 — British Posses: (cx discriminatcd). 16.653 13,604 9.968 7.565 ² 2,403 24.1 — 713 55.7 — Canada 28.460 22,237 12.062 18.775 6 Cuba 1.450 Tangicrs 750 626 113 188 -,- 75 66.4 — 6.0 — South África . 200,286 187,691 125.480 117,976 ² 7,510 873 44.9 4,000 Egypt 66,207 70,115 44.240 64,113 19 281,989 270.46'-' 133.085 181,072 47,987 36.1 250 Hclgium 4.1 30,363 Holland 97*4.088 898,607 534,935 556,732 21,797 9.8 4,500 Denmark 158.924 185,894 117005 105.532 ² 11,473 42... 10 47.12K 28,293 31471 3,178 11.2 2,263 Norway . . 8.0 16,762 Sweden 482,212 444,592 294 601 270,880 ² 23,721 Spain nnd Colonies * 29,197 49,962 22.939 53,034 30,095 131.2 1.325 3.0 — 34,221 34,972 22,549 21,870 ² 679 Portugal and Islands 7-8 3,449 Plate «nd Pacific 407.021 458,594 257 368 237,177 ² 20191 Japan and East 798 1947 613 1252 639 104.3 — 814 ² 39,257 42.6 1,050 Finland 101,370 111884 92.071 52 Syria r-oo {.001 438 50 388 89.0 — Switzerland 167 11.748 5,419 31.6 — Greecc nnd Crete 23,055 24,849 17 Smyrna 5 375 8,950 6,888 5,115 ² 1,773 25.7 — Roumnnia 11,437 10,866 7.400 3/259 4,141 '56.0 — Bulgária 1.575 3,120 2,375 938 1437 60.5 Palestino 25 2,375 3.000 1.812 1.000 812 44.9 — Dantzig, Port of 22.2 1,437 Turkey 21.615 37,068 26.920 32,896 5,976 551,908 849''75 481,054 530,042 48,988 10.2 26,353 Germany •689 564 188 ² 376 66.7 — Tripoli . . 126 12,832,903 7 795.077 8 296 545 + 501,468 6.4 177 129 Total . . 12.705 247 110,276 86,392 — 23,884 21.7 2,780 Coastwise 153,887 171,110 8,382,937 + 477,584 6.0 179 909 Grand Total 12 859.184 13,004.013 7,905.353 Clearances overseas from the ports of Rio and Santos during For lhe crop tò Feb. 2, entries al Rio and Santos amounted week ended 2nd February, 1928, and Crop to Date. lo 8,812,117 bags, of which 2,551,053 bags or 28.9 per cent at Rio (he Week 71.1 cent at Santos. and 6,201,064 bags or per Crop to 2 February ended Compared with tbe same period last crop, entries at the 2 Feb. two ports for tbe crop lo February 2, show increase of 626,276 Flags:— Bags % Bags Bags bags or 7.0 per cent, necounted for by shrinkage of 10,826 bags British to U.S. ... 971,763 80.5 — 6.2 8,375 or 0.4 per cent at Rio, but increase of 637,102 bags or 11.3 per To Europe 74,632 161.214 13.3 474 cent at Santos. Sundry 1,207 609 14.6 8,849 Clearances Overseas al the two ports for the week ending Total. . 2,358,497 28.4 11,352 February 2, amounted to 177,129 bags. as against 311,368 bags Other Flags—American Brazilian 1,220.510 14.7 39,479 week and 290,279 bags for the corresponding for the previous Italian 696,225 8.4 30 823 week last year. Scandinavian 649,408 7.8 25,575 Of total clearances overseas at tbe two ports for the week Dutch 537,109 6.5 27,155 of 177,129 bags, 34.477 bags were cleared at Rio and 142,652 bags French 612,927 7.4 1851 626,806 7.5 32,045 at Santos; 44,125 bags going to the United States, 129,555 bags German Japanese." 240,253 2.9 — to Europe and Mediterrancan and 3,449 bags to tbe Plate. Belgian 125,545 1.5 — Coastwise Clearances for tbe week amounted to 2,780 bags, Spanish 21,404 0.3 — Finnish . . 102 ² — ali from Rio. Argentine 150 ² — For tbe crop to February 2. clearances overseas at tbe two ports amounted to 8,290,545 bags, of which 2,157,316 bags or 26.0 Total 8 296,545 100.0 177,129 per cent were cleared al Hio and 6,139,229 bags or 74.0 per cent at Santos. F.O.B. Value for Rio and Santos for the week ending Feb. 2, Compared with the previous crop, clearances overseas at averaged £5.112 per bag, as against £5.159 foi* the previous week the two ports for tbe crop to February 2, show increase of 501,468 and .4.349 for lhe same week last year. For the crop to Feb. 2, iiy bags or 6.4 per cent, necounted for by decrease of 103,388 bags f.o.b. value for Rio and Santos averaged £4.371 per bag, as or 4.5 per cent at Rio, but increase of 604.856 bags or 10.9 per against £4.774 for the same period last crop. e«_nt at Santos. Coffee Loaded (embarques) at Rio and Santos for the week OF total clearances overseas at tbe two ports for the current ending Feb, 2, was smaller, and amounted to 184,910 bags, as crop to February 2, of 8,296,545 bags, 4,492,413 bags or 54.1 per against 214,566 bags for the previous week and 295,149 bags for cent wcnt to tbe United Slátcs and 3,804,132 bags or 45.9 per ihe same week last year. cent to other overseas destinaiions. Coffee Sales at the of Rio and Santos K*. (declared) ports during Coastwise Clearances at tbe two ports for crop to Feb. 2, the week ending Feb. 2, were larger, and amounted to 241,381 amounted to 86,392 bags, as against 110,276 bags for the last bags, as against 208,435 bags during the previous week and 111,655 Crop, or a shrinkage nr 23,884 bags or 21.7 per cent. bags during tbe same week last year. . • * í-. r.K". ' Ë •'• *' Fefcruary d, 1020. WlLEMAM*$ BRAZILIAN REVIEW. 189 Stocks at Rio, Santos and Bahia on February 2 (excluding Visible Supply in the United States. The United States stocks interior stocks), show increase of 27,100 bags, as compared with deliveries and visible supply on Feb. 7, 1928, were as follows, January 26, accounted for by shr.nkagc of 3,266 bags at Rio, but in hags of (10 kilos: stocks 589,000 bags, deliveries 192,000 bags; increase of 25,888 bags at Santos and 4,478 bags at Bahia. visible supply 1,038,000 bags including afloat, as against 582,000 Total stocks at three ports on the safe date were distributed bags, 165,000 bags and 1,106,000 bags respectively on January 31, as follows:— and 553,000 bags, 177,000 bags, and 1,077,000 bags on Feb. 8, 1927. Rio de .Janeiro 355,102 Santos 913,412 Bahia 73,329 Havre Stocks on February 4, were as follows, in bags of 60 kilos: Brazil sorts 229,000 bags, other sorts 150,000 bags, total Total stocks, three ports, Feb. 2, 1928.. 1,341,843 879,000 bags, as against 223,000 bags, 156,000 bags and 379,000 Ditto, .lanuary 26, 1928 1,314,743 bags respectively on January 28, and 49,000 bags, 115,000 bags Diito, February 3, 1927 1,208,614 nnd 164,000 bags on February 5, 1927. COST AND FREIGHT QUOTATIONS. The quotations are as follows:— American, Brazilian and Cost nnd Freight Prices. Rio7s. Near Victoria Victoria R;o 7s. Rio 7s. Santos Santos Rate Spot Month 7/8s. 7/8s. f.o.b. Re:s Cents 4. Reis 4. Cents Freight Exchange Store N. York Reis per Cents Per Per lb. Per Per lb. Cents N. York Options Arroba Perlb. Arroba f.o.b. 10 kilos f.o.b. Per bag 1928. Pence Dollars cents cents .January 7th 5 127/128 8$225 14 3/4 13.30 27*000 12.30 35*000 13.50 31$650 20.00 60.00 .January 13th 6 8*210 14 3/4 13.54 27*200 12.70 85$500 13.70 32$750 20.60 60.00 January 19th 6 1/128 8*210 15 13.65 280500 12.90 30*500 13.90 33*250 20.90 60.00 January 27th 6 1/128 8*205 14 3/4 13.45 28$&00 12.75 358700 13.80 33*000 20.70 60.00 February 3rd . 6 8*225 14 7/8 13,.65 28*700 13.00 36*500 14.10 34*500 21.05 60.00 (NOTE. Quotations for the whole of the year 1927 have have been published in supplement form. A ny reader desiring to obtain a copy of this supplement need only apply to the Editor). Exports of Coffee in the port of Bahia during 12 months, 1927- Clearances of Coffee from thc Port of Victoria during the month (In bags of 1000 kilos) of January, 1928. Per Shippers in bags:— Date—Vessel—Destination Bags Tude Irmão & Co. 81,064; Scaldaferrri Irmãos 35 290; Cia. United States: Jan. Com. Ovcrbech 33,731; Corrêa Ribeiro & Co. 33,202; Epiphanio 4 — Caslilian Prince — New York 18,250 de Souza & Co. 25,391; J. Studer & Co. 14,001; F. Stevenson & 4 — Camamu' — New Orleans 13,500 Co. 13,962; Bartelotti Irmãos 8,250; C. Venet & Co. 5,509; Duder 10 — West Segovia — New Orleans 1,750 & Co. 3,486. Behrmann & Co. 1,375; Fortunato Saback 1,313; Sun. 11 — Lalande — New York 4,750 dry shippers, 1,411; total 257,985 bags. Ditto — Montreal v/New York 7,250 Per Destination in bags:— 17 — Jaboatão — New Orleans 5,875 Havre 107.499; Marrseilles 35,391; Genoa 20,057; Bilbao 10,150; 18 — La Plata Maru' — New Orleans 4,675 Leghorn 9,600; Santander 5,900; Antwerp 5,512; Scville 4,700; N. Ditto — Galveston 500 York 3,707. Gijon 2,175; Trieste 2,125; S. Francisco jCalif. 2,065; 19 — Elkhorn — New Orleans 1,750 B. Aires 2,000; Hamburg 1,985; Naples 1,775; Venice 1,625; Ams- 21 — Corsican Prince — New York 6000 terdam 1,375; Ancona"l,125; Brasil 1032; Gacliz 885; La Coruna 21 _ Conchatta — Jacksonville L750 750; Montreal 750. Avillis 625; Sundry ports 3,857; total 257,985 Ditto — Norfolk 250 bags. Ditto — Baltimore . . 4,000 _ — The movement for the year Í927 was as follows:— 23 Balzac New York 8,250 Ditto — Montreal v/New York 250 Stock on 31st December, 1926 10,194 Ditto — Winnipeg v/New York 250 Entries during 12 mos. 1927 307,754 ,25 _ Salvation Lass — New Orleans 2,750 * 26 — Terrier — New York 3-611 Available 317,948 Deliveries during 1927 257,985 Europe: _ Francisco — Gothenburg 625 Stock on 31 st. December, 1927 59,963 2 San Ditto — Stoekholm 700 Comparing figures for the three last years:— 8 _ Sabor — Havre 750 10 — Sofia — Trieste 3<95ü 1926 1925 1924 Ditto — Suzack v/Trieste 625 Exported. . 342,617 252,406 262,456 . . Ditto — Livorno v/Naples 125 Received. . . 332109 .273,225 235,970 . Ditto — Naples . 75n Stock 35,816 23,565 2,746 Ditto — Genoa v/Naples . 250 Ditto — Venice i25 THE TEA & COFFEE TRADE JOURNAL 12 — Anatolia — Hamburg 750 — Havre Í,oio Published monthly on the lOth, at 79, Wall Street, New York. 13 — Poconé — Alsacc v/Antwcrp . 12o The International Organ of the Tea and Coffee Trade. Ditto — Antwerp By Subscription, $4.00 per annum. Ditto l2r> — Hamburg -1»068 Advertising Rates on Application. Ditto 14 _ Zijldijk — Rotterdam ?50 and Advertising received by:— Subscriptions lfi — Lima — Gothenburg *ÜV — . . W00 (Agents for Brazil). Ditto Stoekholm — Wileman's Brazilian Review. Ditto Abo . . 12B ¦,,.* v w; IR^' ' .í. Februàry 9, 19^8. 190 WILEMAN'S BRAZILIAN REVIEWí McCarthy Bros. 5 446; Manning's Inc. 5,350; Hellmann 18 _ Tunisier — Antwerp 87° Co. 6,003; 3,605; W-lliam Halla 3,588; Sundries 80,126; total 22 — Ipanema — Marseillcs 7"* Bros. & Co. 22 — Buy Barboza — Havre 875 1,179,935 bags. Ditto — Hamburg 2i>ü Per Origin in bags:— — Ditto Alsace v/Antwerp 12{* Panamá 540; Costa Rica 20,830. Nicarágua 16,417; Honduras — 23 — Forbin Havre 5ÜÜ 998; Salvador 36,026; Guatemala 100,410; México 34,158; Hawaü Ditto — Bordeaux v/Havre 250 50857; Brazil 535,599; Colômbia Í9R 40,671; Robusta Java, etc, Ditto — Antwerp A*"' 339,656; Equador 110; Venezuela 1,770; Peru 1,319; Jamaica — 25 — Alcyone Rotterdam 5Ü0 Tahiti 300; África 274; total 1.170,935 bags. North África: — Ipanema — Oran J/D MLe 22 Visible Supply of the World (from Mr. Laneuville'B Café"). Ditto — Algiers . . 2»4'}1) (ln 1,000 bags of sixty kilos each). Ditto — Boné v/Algiers 12(> Inc. or dec. Ditto — Tunis v/Marseilles l2i> Jan.l Dec.l Jan. 1 Jan. 1928 on Bio & Coastwisc 13'°'jr) 1928 1927 1927 Dec. 27 Jan. 27 — total 119,294 England 96 09 73 3 + 23 L ____—— Hamburg . 203 223 180 — 20 + 23 Holland 320 274 330 + 46 — 10 Total export during January, 1928. North Antwerp . 80 75 60 +5+20 U.SvA. Europe África C/wisc Total Havre 302 319 244 + 73 + 148 210 34,760 lla.d, Band & Go 31675 2,875 Bordeaux . . 30 27 22 + 3 + 8 Vivacqua, Irmãos & Co. 17.111 4647 1.125 1,940 24,823 Marseillcs . 55 30 58 + 16 — 3 Ornstein & Gò 15500 5,562 1.125 835 23.022 Copenhagen 70 69 65 + 1 + 5 2,280 0 480 O. Santos & Filhos .... 4.500 2,700 Genoa . . 135 130 165 + 5 — 30 7.565 8,600 \ Prado & Go 500 625 Trieste 70 59 117 + 11 — 47 Theodorr Wille ct Co.. 4 000 9D9 815 240 5,904 - 4,500 Arbuckle & Co 4,500 Brasil sorts 805 709 767 + 96 + 38 — — ² 3,750 Oliveira Brothers 3,750 Other sorts 646 605 556 + 41 + 90 2 750 375 — ² 3,125 Co.. " " "' ii > ¦ ¦ ¦¦¦¦ i & t ,\ i m ¦ ii ¦ . .ii..... Cruz, Sobrinhos | , _ - - 25 1,150 Vianna Leal & Go 1,125 Total 1,451 1314 1,323 + 137 + 128 Afloat Brasil Europe 533 706 464 — 173 + 69 85,411 17,723 3.065 13.095 119,294 " Totnl ! " " Vis. Supply Europe 1,981 2,020 1,787 — 36 + 197 Total export from lst. July 1927 to 3lst. January, 1928. North Stocks U. S.:— U.S.A. Europe África Cwise Total Brasil sorts 553 490 576 Hard, Band & Co 197,075 25,975 — 9,655 232 705 + 63—23 Other sorts 215 196 — Vivacqua, Irmãos & Co. 125,486 55,644 2,875 10,932 194,937 401 + 19 186 ² __ Ornstein & Co 60,000 65,832 3,000 3,156 131988 ,- ² — — Total . — A. Prado & Co 41,550 11.900 40,218 102,668 . 768 686 977 + 82 209 — Afloat Brasil O. Santos & Filhos ... 36,750 24.800 14,694 76,244 U.S 711 708 640 + 3+71 .Theodor Wille & Co. .. 24,500 18,757 1443 1.521 46.221 ² 41,125 Vis. Suyply — Oliveira Brothers . ... 40,875 250 — U.S 1.470 1,394 1,617 + 85 138 — ² 33,415 Cruz, Sobrinhos & Co... 25.040 8,375 ² 27,000 'Stocks Brasil:— Arbuckle & Co 27,000 — — Vianna Leal & Co 12,625 3,1100 — 455 16.380 Rio 359 279 322 + 80 + 37 — Leon Israel Co. S/A.... 8,400 — 50 8 450 Santos . . 058 1.152 025 194 + 33 Victoria . . 135 143 — — 8 + 135 Total,,.. 599,301 214,833 7,318 89,681 911,133 Bahia . . 60 44 23 + 16 + 37 Total export from lst. July 1926 to 3lst. January, 1927.. 640,732 Total Brasil 1,512 1,618 1,270 — 106 + 242 Total export from lst. July 1926 to 30th Junc, 1927 871,689 Vis. Supply of the World:— Brasil sorts 4,114 4231 3,717 — 117 + 397 Rcceivers of Coffee at S. Francisco, Califórnia, from Foreign Other sorts . 861 801 957 + 60 — 96 Countries, by Sea, during 1927. (Statistics of the Green Coffee Association of the San Francisco Chamber of Commerce). Tol»1 • • 4.975 5,032 4,674 — 57 + 301 Rcceivers, in bags:— W. R. Grace & Co. 199,267; Otis McAllister & Co. 118,504; The World's Visible Supply on lst January, 1928, shows de- .1. Aron & Co., Inc. 110,416; Hills Bros. 103,769. Hard & Rand, crease of 57,000 bags as compared with lst December last but Inc. 71.819; Leon Israel & Bros. 65,149; I. A. Wood 52 413; Ham- increase of 301,000 bags compared with lst January, 1927. Co. 38,652; Balfour, Guthric & Co. 36,418; berger Polhcmus Tlie World\s Visible Supply on lst January, 1928, amounted S. F. Pellas 23,350; Haas Bros. 22,659; Parrott M.IB Co. 31,655; to 4,975,000 bags against 4,674,000 bags on lst January, 1927, and & Co. 18,066. American Factors, Ltd. 17,285; Cheek Neal Coffee 5,048,000 bags in 1926. Co. 17,250; Donald Lindo & Co. 16,482; Joannes Corp. 15,890; Produetion Geo. W. Caswcll Co. 12 202; Hind, Rolph & Co. 11,719; Closset during the month of December (Brasil and other & Devers 11,192; E. A. Canalizo & Co. 9,661; Jones Thierbach sorts) was as fallows, iu bags:— Co. 9,443; Amsinck & Co., - ¦ ...j^.t-a.,- y&t -.' - .- r; ' .7- -¦"-"¦¦¦ '*..¦-'*-''.-' •*¦¦&' ¦ February 9, 1928. WILEMAN'S BRAZILIAN REVIEW. 19Í For the six months of the crop, production was as follows " in bags:-^- Rrasil Other Total 1927-28 9,105,000 2,972,000 12,077,000 1926-27 . 7,683.000 3,007,000 10,690,000 1925-26 ...... 8,099000 2,802,000 10,901,000 World's deliveries (origin) during the month of December sí&Sx***_. were as follows in bags:— Brasil Other Total 1927 1,563,000 606,000 2,169,000 SHIP AND SAIL 1926 1,301000 481,000 1,782,000 BY 1925 1,375,000 506,000 1,881000 WorlcFs deliveries (destination) during 1927, were as 'follows, MUNSON in 1,000 bags:— Europe U.S. A. Other Total STEAMSHIP LINE. 1927 989 1,063 117 2,169 Twelve Days to New York 1926 . . 755 969 58 1,782 Fortnightly Sailings by 1925 . 822 979 80 1,881 S.S. PAN AMERICA of Worídls deliveries (origin) for the first six months the S.S. AMERICAN LEGION present crop, were as follows in bags:— S.S. WESTERN WORLD Crop:— Brasil Other Total S.S. SOUTnERN CROSS 1927-28 ". 8.253,000 3.267,000 11.520,000 Ali speed records for merchant ships dc Janeiro and New York are 1926-27 . . 7,320,000 3,160,000 10,480.000 between Rio held by these 21,000 displacemcnt ton vessels. 1925-26 7,745 000 3,111,000 10,856,000 Combining express cpced with great steadiness. they offer the dscriminating travelcr the deliveries during July-Dccember 1927, World's (destination) comfort and luxury of the best hotéis. were as follows, in 1,000 bags:— For rates and further information address. Europe U-S.A. Other Total 1927-28 5,330 5,631 559 11,520 The Federal Express Company. 1926-27 4,780 5,214 486 10,480 1925-26 . 5.099 5,335 422 10,856 RIO — SANTOS SAO PAULO. Visible Supply of the World (Duuring & Zoon) COFFEE STATiSTlCS. (In 1,000 bags of 60 Kilos each) SWEDISH (Cable). Tnc or dec (From M. A. Seymer & Co., Stockholm), Jan. 31 Dec. 31 Jan. — Jan. 1928 on — 31 Quantities in bags. 1927 Dec. 927 Jau. 928 1928 1927 Imports- 1.457 2 / -i- 164 Stock 12 Europe. ports.. 1.621 1648 Duty Free: — 1927 1926 1925 1924 1923 1922 527 575 + 12 — 30 Afloat Brasil-Europe . .. 539 January .. . 5(),32() 44,212 53,117 59,923 46. 11 39.132 — 54 — • 2 Do. East-Europe 4"* 102 50 Fçbruíiry . . . 52.551 50,435 43,453 66,301 57 327 29,570 March . . . 55,703 52,897 40,208 57,331 55,991 72,257 2208 2,277 2,082 — 69 + 126 Vis Supply Europe April, . . . . 56.739 46,174 39,841 58,801 60,968 86,881 37279 40,151 69,025 49,905 48,052 — May . . . . 66,704 Stock U.S 782 708 1.014 + 14 232 34 180 June . . . . 55,056 19,327 45,764 47,190 65 067 60'8 711 485 103 123 Afloat Brasil U.S. July . . . . . 53,140 118,465 42,828 58,040 39,002 20.920 August . . . .*- 60,173 63 600 51,785 55,858 52,180 41,764 1 £90 1 479 1 499 ¦— 89 109 Visible Supply U.S September 02,038 65 957 61,100 66,300 55,976 45.075 51,495 Stocks: October . . 72 001 68,348 73,447 74,488 30,877 342 359 282 ² 17 I 60 01,127 Rio . . Nõvember 76,85(1 71 343 63.943 59,882 81.937 S79 958 913 ² 79 ² 34 Santos December 51,088 57 579 49,955 47,493 60.458 50,592 Bahia . . 69 60 20 49 122 135 38 ² 13 84 Victoria . 713,640 695,646 608 592 721,232 701,899 587,045 the 100 159 Total for Total . . 1412 1,512 1.253 701,899 587,045 year ? 695,046 608,592 721,232 — 170 Vis Supply of the World 5 010 5 208 4,834 258 Visible Supply January lst . 150,088 113,192 127,359 119,0*20 119,473 45.146 February lst . 141,771 198,09(5 129,036 115,008 102,805 21.624 TO THE ADVERTISER. March lst . . 138,828 126,958 135,130 97,089 87,273 10,359 79,533 31,674 9.JÓ8 Your aim in placing announcemcnts in a paper is primarily April lst . . . 133,012 152,544 134,796 of 113,725 93,728 12 132 because you know that what you offer meets the eye persons May lst . . . . 138,025 167,863 125,913 il 91,393 43,853 most likely to be interested. Once readers are interested June lst,.* . . . 142 4G5 182,355 134,877 151,851 119,737 ¦ 79,045 rests with the advertiser to push the enquiry into good business. July lst . . . 142,396 212.647 109 156 157,064 467 "Wileman-s Brazilian Review" numbers amongst its readers August lst . . 137,928 137,903 97,147 141,879 112,456 89 87.676 86,221 every coffee, banking, export and import house of any standing September lst 132,155 128,239 80,931 137,734 71.246 8(5.5(5:'. in three conlinents. It is rare for an advertisement to be with- October lst .. 104,768 127,562 85 850 120,070 77,004 84 228 drawn. The inference is obvious. Nõvember lst 113,089 128,331 102,533 141,719 115,643 138,9(51 103,924 135,140 9(5 993 92 817 WILEMAN'S RRAZILIAN REVIEW. December lst 118,295 150.088 113 192 127,359 119,620 119,478 CAIXA (POST OFFICE BOX) 809. December 31 st . yWi"". ;j.'""-' trr': ::'":'*$™éjfâi 9, 1928. REVIEW. February 192 WILEMAN'S BRAZILIAN Honda for January ship- Februarv shipment at 28.25 cents and Cos Circular of January 13, 1928. NEW SANTOS Nortz & Increasing arrivals of Guatemala and Santos Contract D will begin ment at 28.00 cents. CONTRACT. Trading in lhe new interest due to the qUJet: Coffee Mexican coffees meet with very little on Monday, January 16, 1928. At 10:30 A. M., when the with March, will bc called demand. , Market opcns, each month, beginning although D. Trading Business so far this year has been disappointihg, twicc, first for Contract A and then for Contract «suai day-to-day demand. According to A will continue until 2:50 P. M. as usual, while there has been the iu Contract first six months of.the P. M. On Saturdays figures, deliveries for the ü'- ¦ in Contraci D will close at 2:45 Lancuville's f' trading up to January ™. * V 11:45 A. M. crop vear amounted to 11,520,000 bags closing hours will be ÍÍ:5Õ and of lhe of that supplies in the hands The CÓffec Institute reported stocks in the interior Sao is not unlikcly, therefore,, excess of actual immediate on railways, inciuding Minas Geraes, consuming trade are somewhat in Paulo, in warehouses and current account for the lack of interest in on December 31. 1927, as nmounting to 13,120,000 bags, against necds, which may 12,271,000 bags on November 30, 1927. offers. of Commerce •_ special circular releascd by the Department Bags by S. Medeiros, estimat- a few days ago reprints a table published ending Dec. 31st June 30, 1929, at Receipts in Santos for the six months iug íhe carrvover retained in warehouses on 5,423,000 beciuse we believe amounted to 4 150,000 bags. We do not reprint the table increased from 3,312,000 to letter of December 2, Interior stocks since July 1 that the survey published in our market difference of 0,808,000 on July 1, 1929, 13.120,000 bags, a 1927, estimating thc probable supplies in Brazil from 835.000 bags on July lst there is this in- Santos stocks increased at 8,500,000 hags, is nearer correct. However, January 1, 1928, a difference of 123,000 table: to 958,000 bags on teresting comment at the fóot of Medeiros easüy support "The above table is sD reduced that it will .Santos crop to date 15,354,000 thc big crop of lhe year 1929-1930. "Thc that an unusually large prevailing opinion in Brazil is 1929-1930 due to It is now announccd that it is expected that the balance of crop mav be expected again in the coffee ye.ar this Rain is the crop will be delivercd to the railroads by the end of January. thc remarkably quick recovery of thc trees year. rain has The total given above does not include coffee of the present responsiblc for lhe very poor flowering, but the same crop that carne forward before July 1. 1927. A year before, been highly beneficiai to the trees." December 31, 1926, stocks in interior warehouses amounted to méantime, This is looking a long way ahead and, in the r>,990,000 bags. Receipts at the other Brazilian seaporls for the there have opinions have probably changed because since then first six months of thc crop year were as follows:— rain. A report been numerous complaints about a shortage of of December 5th rcads in part as follows: Rio Victoria Bahia Paranaguá very "The weather conditions of this year have not been July-Decembcr. 1927 . 2.381,000 900,000 241.200 144,607 favorable to the coffee growing industry. During last September, ruinous effects .Tuly-Dcccmber, 1926 . 2.341,000 544.000 179,000 — hcavv ráins have faílen in the interior causing For this reason upon a part of the crop still in the fazendas. The Rio arrivals are kcpt down to a figure where thc stock, the qualities have been somewhat damaged. no difficulties. Recently when thc 'ummer seemingly. al least. presents "Now that the so-called rains' are so much necessary stock to reach 400,000 bags, receipts were suspended rain threatencd for the development of the berries, an acute shortage of temporarily. However, regular reports about thc stocks in the a is being experienced. Apart from thc year of 1924, when regula ti ng warehouses are not made public and, therefore, not remember of tremendous drought was experenced, we do not much is known about the actual crop. A glance at the figures last any such lack of rain in thc month of November for the for Victoria answcrs the question of why our market did not to tend to few years. Unfortunately, thc phcnomenon seems respond when trade was brisk and everything pointed to higher a repeti tion now. The water supply of the city of Sao Paulo "prices. Up to the end of December, 513,000 bags of coffee had is substantially decreased. During November the rain drop in been cleared from Victoria to thc United States against clearances the Siate of Sao Paulo was of 60 millimeters while the normal for the whole 1926-27 crop of 563,000 bags and the 1925-26 crop for this month is 300 millimeters. From several interior cities or 568.000 bags. news was recently received concerning the harmful effect of the A number of cables have been received here stating that is prolonged drought. The development of the berries pro- representatives of thc Defense Committcc were in Victoria to zones of the gressing in a very irregular way in nearly ali the rcgulate receipts at that One report said that ali coffee port. State. It is also to be noted that a large part of the last flower- would have to through the reguladores and lhat arrivals 'Sociedade pass ing was lost. Information received by the Paulista at Victoria would be limited to 100,000 bags monthly, against de Agricultura' from interior members states that in the zones an average of 150,000 bags for thc past six months. The siock iserved by the Paulista and Mogyana Railways. much fruit. has on January lst amounted to 135,000 bags, against 37,000 bags fallen down on account of the drought." last year and this probably accounts for the continued cheap show very little change offers that have been received here, notwithstanding thc cfforts Our market has been quiet and prices of offers from of thc Defense Committcc. , compared with Iwo weeks ago. The pressure the continued accumulation Victoria 7/8s sold as low as 12.50 cents for March shipment Victoria prèvented an advance and out-of-town commission house which has and a sale was reported since ai 12.60 cents. These prices are of contracts by an long side for some time helped to keep our market on thc parity of our Futures market and account for its rcaction- been on the few days thc firm referred to has ary tendency. Santos has been quite steady and prices have steady. During the past newspapers, first recommending been firm at 20.50 cents and up for Santos 4s, well described, inserted advertisements in the and later re- with the exception of one or two sales that were reported on a thc purchase of Victoria coffee at present prices futures, indicating that a lower basis. Ilio 7s at the time of writing are offered at 13.95, commending the purchase of coffee would be welcome. as compared with 13.15 for the same grade in Victoria coffee. little outside hélp in On account of the premium that is asked for Rios over Victoria, As we go to press, the market has become very firm interest in this growth of coffee is very small. response to higher cables from Brazil. The Defense Committce The Mild situation is distinctly easier, and, although spot apparently has the Santos market under control, so that we do Colomb!ans remain steady. due to the scarcity, coffee for ship- not look for any wcakness from ihat point at present, while may ment has declined about 1 cent per pound compared with the on the other hand an improvement in the demand which in the asking prices of several weeks ago. Mcdcllin coffee for January come later in the month will probably be reflectcd prices; shipment is now offerçd at 28,50 cents. Manizales for January- of spots and futures. ... - -. . •.:¦>?:>¦ '• í. ., 193 February 9, 1928* WILEMAN'S RRAZTLIAN REVIEW. Saii Francisco (Cal.) Coffee Report. (W. R. Grace & Co's COFFEE STATISTICS. healthy volume of business Report of january 3rd, 1928). A firmness in ENTRIES. during December was accompanied by prices of of coffee. The coffee season practically ali varieties present Durng the week ended 2nd February, 1928. has been characterized by the absence ol" any pronounced weak- during the frequent dull spells but substantial price advances ness FOR THE WEEK ENDED FOR THE CROP TO explanation for this have come with ali buying moves. The exporters of inarket act:on lies in the fact that producers and Feb. lan. 26 Feb. 3 Fe. _ Feb. 3 capable 1927 «927 1928 1927 coffee are not only coniirmed but also financially 1928 "Bulls" on coffee: As long as the bulk of the season's supply Central 8t Leopoldina) 41.122 2.384.211 2429 212 countriês, the trade By rail 35 883 49.498 remain.-. under the cputrol of the producing have 1.200 840 166 842 132.667 must; be prepared to meet similar conditions as prevailetl Coastwise, during lhe last six months. Total Rio 37.083 50.338 41.122 2 551.053 2.561.879 V-Brazirs and capacity to dole out only such quantities policy 5.623.962 established 180.449 180699 213.443 6.261.064 of coffee as are needed for consumption are definitely Santos ... the hand to mouth buying facts. With regará to Mild coffees, 8.185.841 1 217.532 231.037 254 565 8.812.117 world has hrought about an acutely under- Total Rio 8- Santos. policy of the. coffee far supplied condition in the cònsüming markets and so produc- to büild up even moderately comfort- for the Crop to Feb. 2 tion has been insufficient The total entries by the different S. Paulo Railways of excessive stocks. Such a state of were as follows: able suppl.es, not to spcak Per Remaii-in and although at Total at at affairs could not remain hidden to Mild producers Past Sorocabana Total and others S. Paulo Santos S. Paulo control of Mild coffees does not exist, the lundiahy uniitied government 1927/1926 4.676.238 I 567.421 6.245 659 6.261.064 if very specific written 1.2Q5.598 5.628.114 5.623 962 action of producers is quite as uniform as 1926/1927 4.422516 lower market, rules were being followcd. Indications of a in a shrug of the requests for firm offers, or low lrnls. result locking up of supplies. For the immediate shoulder and the SALES OF COFFEE (DECLARED). of supply. least demand seems entirely at the mercy future at the week ended 2nd February, 1928. The anticipatcd During Ststistics are ralher misleading at this time. excess 3 1927 of the world for 1927-28 promises a big Feb.2/1928 lan.26/1928 Feb. coffee produetion 27.435 30 655 coffees is promised. Produc- Rlo 45.381 but no over supply of real.ly fine santo;.:: h**» 181.000 81.OCO increased but very little and the changing tion of these grades has l08435 111.655 things has decidedly in- Total 241.381 of the public taste toward the better the special con- creascd their consumption. This fact merits sideration o: roasters in this country. that although the COFFEE LOADED (EMBARQUES). From Guatemala we have received advices ended 2nd February, 1928. of high grown During"l" •¦••-> the«¦•¦*-' week total crop is about normal in si_e, the produetion below normal. ln bntfn nf «Wfy Mio"* coffees is expected to be about 25 per cent coffees have apparently THE CROP TO The*top grades of VVastied Salvador DuHINO WEEK ENDED POR been entirely disposed of. Feb. 3 Feb. 2 Feb* 3 than one-third of its crop sold, Feb. Jan. 26 Nicarágua reports better 1928 1928 1927 1928 1927 until March. although the bulk of it will not he s.rppèd is now in full swing and In Colômbia the West Coast crop 30 349 40.107 55.8212.365.132 2.452.208 j hy the United States »-ggg;sílí!-__í6 the cof:ees offered are being taken hungrily saSios:.:::.".'.:'.:.'.*.:::.".'.:::: álU\ n*M and Me- receipts are shrinkage rapidly 569.137 8.358.594 markets In Girardot Total Rio & Santos 184.9.0 "214.56.. 295J^ keenly competed dellin continues to he, as always, the most to he able to say tha market for Mild coffees. We are pleased types for lhe present season will COFFEE CLEARED FOR FOREIGN PORTS. the qual?ty of our Colomhian VALUE OF as weather con- ended 2nd February, 1928. show a marked improvement over the previous. During the week Tn hntfs of sixty kilos. ditroris have been favorahle. we shall have a decided It seems inevitable that very soon will Feb. 2 26 Crop to Feb. 2/1928 are nol lacking that Europe Feb. 2 lan.26 Jan. huving spurt and indications 1928 1928 1928 1928 in spite of frcquently in this movement £ join wholeheartedly Bags Bags £ £ Bags there during the last two expressed skepticism received from 192.913 2.157.316 7.485.987 Rio... 34.477 50.972 131.119 months. 1.413.392 6 139 229 28 778.267 Santos 142.652 260.396 J74-294 296 545 36.264 254 Total 1927/1928.. Í777Í29. 311.368 ., 905.413 1.606.305 8 37.211.849 do 1926/1927 290.279' 169.148 1.262.542 727 229 7.795.077 TO THE COFFEE TRADE. COFFEE SAILED. hy every coffee , «Wileman's Bra_diian Review" is suhseribcd 1928. say Durng the week ended 2nd February, ll,e world. Suff.oe lt to firm or any stnndin. ali over In ba*» of «íxty klton* cireulates ,n 32 counti.es that « &..V.--J °*$P* ' v*. '* *íf-!E_ffl^- Ç '*«-*?**"* Çg-ÇW ^-*^^^^^T^S^^^' ,...... __ ...... • ' -* >>>"*" *;'¦ February 9, 1928. 194 WILEMAN'S BRAZILIAN REVIEW. OUB OWN 8TOC_L In bagt of sixty kilos. RIO- Slock on 26 1928. .. 358.36~ Jan. 37 08- Cd., Ltd, Entrles durln-. week ended Febt-2 1928. Rio i- Janeiro liohterage 395.451 l.oaded (Embarques), lor week i-ifd-ii Feb- 2 1928 30.349 Local contumplion on Feb. 2 1928 10.000 Lighternge Contractors, Stevedores, Tng end STOCK AT RIO ON Feb. 2 1928 355*102 Launch Owners, Salvage Operators. SANTOS - Slock on Jan. 26 1928 887.524 Entries for week ended Feb. 2 1928 180.449 1.067.973 Plcet—Over 200 Lighters: 22,000 tons total capacity. l.oaded (emborques) during same week Feb. _ 1928 164.561 HANDLING OF CARGO GUARANTEED. STOCK AT SANTOS ON Feb. 2 1928 913.412 RAPID BAHIA-Stock on 26 1928 68-851 "Emily"* equipp«-d with ttodern Jan. 7.673 Salvage Tug Entries durln.* week ended Feb. 2 1928 Sal vage Appliances. 76.524 Clearances durln-* same week 3.195 9 RIO DE JANEIRO Stock at Bahia on Fcd. 2 1928 73*32 Stook at Rio, Santca and Bahia Feb 2 1928... 1.341-843 do do cie do Jan 26 1927... I 314.743 75, Rua Visconde de Itaborahy, 75 do do do do Feb. 3 1928... 1*208*614 P. O. ROX 1164. "LIGHTERAGE TELEGRAMS — RIOJANEIBO MANIFESTO OF COFFKE. Codes—BENTLEY*S, A.B.C. 4th Ed., LIEBER'S, A. 1 RIO DB JANEIRO. LONDON — Dashwood House, New Broad Street, E.C. 1 During the week ended 2nd February, 1028. ENQUIRIES INV-TED. ¦» ¦' ¦ ¦¦ æ -I ¦¦ ¦!¦¦¦¦ IIWIW 20/1—Haependy—Montevid o . Pinheiro Ladeira & Co... 600 Ditto Ä Ornstein & Co 375 Ditto—NapLes Theodor Wille & Co 375 24/1— Flnndria—-Amstcrdam Theodor Wille & Co 1.875 Ditto H • •*•••• Ornrteiu & Co 1.250 18,604 Dltto Rebello Alves & Co 1,000 Ditto Pinto Lopes & Co 500 27/1—Western World—B. Aires Theodor Wille & Co. 200 Ditto Pinheiro Ladeira & Co.... 125 Dltto Battermann & Co 68 27/1—La Corufia—Hamburrg Theodor Wille & Co. .... 250 Dltto Ä Tude Irmão & Co.. 250 4,818 Dltto Q Pinto & Co 125 25 /l — M osella—Bordeaux Ornstein & Co 250 Ditto - • • Theodor Wille & Co 125 625 28/1—Conte Verde—Genoa Leon Israel & Co _¦':. 250 375 Ditto Ä Theodor Wille & Co 125 25/1—Roland—Montevidéo . . Alfred Siriner & Co 100 Ditto n .;.'.»'. Ferrari, Souza & Co 125 Dltto—B. Aires Alfred Sinner & Co 1,250 Dltto «. .... McKinlay & Co 125 Dltto Ä Ornstein & Co 225 Ditto—Palermo Ornstein & Co. 375 Ditto Ä Vivacqua Irmãos & Co.... 200 1.000 1,775 109 _I)/I UUSC.UK) IJ . IIHKS uuiiuij »W7 28/1—Luietia—Bordeaux . McKinlay & Co 250 Ditto Ä Ornstein & Co 500 20/1—Rio de Janeiro—IVdam Theodor Wille & Co 625 750 G. Fontes & Co 2,955 26/1—Bclvcdere—Trieste .... E. 29/1—Duca D'Aosta—Genoa Oscar M. Rotundo & Co.. 375 Ditto Ornstein & Co 2.596 Dltto Ä Lage & Irmão 250 Dltto ª 'ibeodor Wille & Co 2,400 DittO Q Rebello Alves & Co 125 Ditto Eliakim Taddú & Irmão.. 674 „ Dltto Ä Hard, Rand & Co 125 Ditto _, S. Pereira & Co 500 Ditto—Naples Oscar M. Rotundo & Co.. 250 Dltto „ Castro Silva & Co 500 Ditto w Ornstein & Co 250 Dltto ., Alfred Sinner & Co 500 Dltto^—Palermo Ornstein & Co 250 Dltto Irmãos & Co.... 324 Q Vivacqua Ditto—Alexandria Hard, Rand & Co 125 Ditto „ Fraga Irmãos & Co 250 Ditto „ Tude Irmão & Co 250 1,750 Dltto „ Pinto Lopes & Co 250 Ditto Ä Cia. Santista de Exportação 125 Tude Irmão & Co. 250 Ditto „ Leon Israel & Co 30 30/1—Wuertemherg—Hamhurg Ditto—Venice Fraga Irmãos & Co 250 Co 600 Ditto 30/1—Salta—Teneriffe McKinlay & .. Ornstein & Co 125 & Co 625 Dltto Ferrari Ditto—Oslo McKinlay „ Souza & Co 125 Theodor Wille & Co 125 Dltto Dltto n „ Battermann & Co 125 Co 75 Exportação Ditto—Dramen Battermann & Ditto— Fiume Cia. Santista de 188 Co 300 Dltto Theodor Ditto—Helsmgfors Ornstein & .. Wille & Co 125 125 Ditto—Susak Ornstein & Co 125 Ditto—Abo Ornstein & Co. 250 Dltto _. Theodor Wille & Co 125 Ditto—Trondhjem Ornstein & Co. Dltto „ Eliakim Taddú & Irmão.. 125 DUto—Bergen Ornstein & Co 125 Dltto „ Leon Israel & Co 125 Ditto—Metkovick Theodor Wille & Co 187 2,225 Dltto—Ancona Tude Irmão & Co 250 600 Ditto „ Theodor Wille & Co 125 31/1—Werra—Teneriffe . .... Alfred Sinner & Co.. Silva & Co 125 Ditto—Bremen Theodor Wille & Co. 125 Ditto—-Mersina Castro 46 Ditto—Constnntinople ., Castro Silva & Co 1,000 Ditto—Hamburg Hard, Rand & Co.... Fraga Irmãos & Co 62 Dltto „ 771 Ditto—Adalia Fraga Irmãos & Co 63 Ditto—Alexandria .... Theodor Wille & Co. 1,750 Total Overseas 34,477 Ditto ..-,.... Hard, Rand & Cò 1,500 '¦ ¦ ...... ^i ¦¦ S^ÉafpfFí^P^Í*?* . . _?_5_-*____S1 d-, 1928. February WILEMAN'S BRAZILIAN REVIEW. 195 SANTOS Ditto Franco Soares & Co 250 Ditto Cia. S. Paulo de Export. 250 Durng the week ended 2nd February, 1928. 32,973 -Pará—B. Theodor Wille & 26/1- Aires Hard, Rand & Co... . 300 23/1 Flandria—Am s terdam Co.. 5,105 Ditto '" S. A. Levy 5,000 ª Leon Israel & Co.... 50 DlttO m Ditto Eduardo M. DlttO n Naumann, Gepp & Co 4,950 Hafers. 50 DlttO n Cia. Prado Chaves.... 2,112 E. Johnston & Co 400 DittO „ 1,250 26/1- -La Martins, Wright & Co.... 1,010 Coruna—Hamburg S. A. Levy 1,250 Ditto Ditto Ä Cia. Prado Chaves 750 Ditto « Almeida Prado & Co 1,000 Ditto Ä Nossack & Co 625 Andrade Junqueira & Co.. 750 Ditto « Ditto P Leon Israel & Co 500 Ferreira Ruivo & Co 607 DittO n Ditto Q Leon Israel & Co 500 Ditto Andrade Junqueira & Co.. 375 Lima Nogueira & Co Ditto Ä Nioac & Co 333 Ditto „ 250 Ditto Q ...... E. Struckmeyer & Co Hard, Rand & Co 300 DlttO „ 125 Ditto „ Naumann, 33 Gepp & Co 164 Ditto m Hard, Rand & Co. Ditto Nossack J. Thornton 2 & Co 125 Ditto—Consumption Ditto n Theodor Wille & Co. .... 125 Ditto 22,337 M. C. Coelho & Co 125 Wille & Co 2,810 9A/1—Rio de Janeiro—Hamburi Theodor 5,029 Ditto _ Cia. Prado Chaves 523 27/1- -Salta—Bergen & Co 500 Cia. Prado Chaves 188 Ditto „ ...... E. Johnston D«tto Hard, & Co ,.. 500 „ Rand & Co 125 Ditto m Nossack Ditto __ Theodor Wille & Co 125 Ditto n E. Struckmeyer & Co. ... 375 Ditto—Helsingfors Nossack & Co 375 Nogueira & Co 250 Ditto Lima Ditto—Oslo Prado 250 Theodor Wille & Co 250 Ditto l A. de Castro Ditto m Cia. Prado Chaves.. 62 M. Júnior & Co. 1 Ditto n Américo Ditto—Trondhjcm Cia. S. Paulo de Export. 125 Ditto—Rotterdam Theodor Wille & Co 2,583 Ditto—Bremen Theodor Wille & Co....;. 1,375 Exportação 250 1,250 Ditto "n Cia, Paulista de 27/1—Conte Verde—Genoa Co... 125 Lima Nogueira & Co 275 Ditto The Asiatic Trading Ditto Picone & Filhos, Ltd 75 Johnston & Co 18 Ditto E. Ditto Barci, Duarte & Co...... 4 Ditto Cunha Bueno & Co...... 2 9,560 Ditto 375 Whitaker Brotero & Cia.. 2 . Cia. Prado Chaves Ditto Giorgi Laus 24/1—Mosella—Bordeaux Ferreira & Co 250 & Co 2 Ditto ª • • • • Roge Ditto Martins, W íjht & Co 1 Ditto „ Nossack & Co 100 & Pires » DittO Q • • • • Damazio 361 726 -Bagé—Havre 2,495 27/1- The Asiatic Trading Co... 2,750 Naumann, Gepp & Co Ditto Ä Leon Israel 24/1—Belvedere—Trieste & Co 1,000 & Co 2,125 Ditto • E. Johnston Ditto Ä Nossack & Co ,.. Theodor Wille & Co 751 750 Ditto M Ditto Z J. C. Mello & Co 15 Osório & Co. .. 500 Ditto n Oliveira, Ditto—Antwerp Nossack & Co ,.. 250 & Co 250 Ditto J. C. Mello Ditto—Hamburg j. C. Mello & Co 16 Nioac & Co 250 Ditto Co 194 Leon Israel & 5,906 Ditto & Co. 149 Ditto Franco Soares de Export.. 137 Ditto Cia. S. Paulo 27/1- -Deseado- -B. Aires Lima Nogueira & Co 200 Hard, Rand & Co 125 Ditto M Ditto Eugênio Tauber 164 S. A. Levy J25 Ä M Ditto E. Johnston & Co 1 Ditto Wright & Co.... 125 Ditto i. Martins, Leme Ferreira 125 Ditto Cia. 365 Freire Barros & Co 62 Ditto n 125 Cia. Prado Chaves -West Neris—N. American Coffee Corp Ditto—Ancona Serra & Co.. 125 27/1- Orleans 2,250 Ditto » Bartholomei Ditto Q Leon Israel & Co 1,250 Nossack & Co ?•• 125 Ditto Ä ...... Vicri S/A 1,000 Ditto n & Co 250 Ditto—Alexandria Theodor Wille Ditto Ä Silva, Ferreira & Co 750 E. Johnston & Co 125 Cia. Brasileira de Café... Ditto—Naples & Co 125 Ditto Ä 750 Ditto „ Hard, Rand Andrade Junqueira & Co.. 750 Co 125 Ditto Q .. • Leon Israel & Ditto Ä • Árbuckle & Co 677 Ditto—Vemlc« & Co 02 Ditto—Palermo Theodor Wille Ditto Ä Rocha & Co 500 Ditto Ä Hard, Rand & Co 500 7.350 Ditto Q Naumann, Gepp & Co. ... 500 Orleans Vicri S/A 8,875 Ditto Ä Cia. Leme Ferreira 475 26/1—Alegrete—N. & Co 4,800 Ditto • Sion Ditto Ä Almeida Prado & Co 250 Hard, Rand & Co 2 392 S. A. Levy 250 Ditto » Wille & Co. .... Ditto Ä DittO m Theodor 2,000 Ditto Ä A. Ferreira & Co 250 Andrade Junqueira & Co.. 1,750 Ditto Q M. C. Coelho & Co 250 Ditto & DittO n A. Ferreira Co 1,750 Ditto Ä E. Johnston & Co 250 A. S. Michelet -• 1,250 Ditto Ä Theodor Wille & Co 250 Ditto „ & Co 1,250 Ditto J. Aron Ditto Ä Soe. Nacional Exportadora 250 de Exportação 1.139 Ditto Cia, Paulista . •.« Sampaio Bueno & Co 1,000 11,152 Ditto Serra & Co.. 875 Ditto Bartholomei Silva, Ferreira & Co 750 28/1 —Duca D'Aosta—Genoa . Cia. Leme Ferreira 750 Ditto & Co 750 Ditto Ä Nossack & Co 625 Ditto Lima Nogueira The Asiatic Trading Co... 750 Ditto Ä Raphael Sampaio & Co... 250 Ditto Gepp & Co €42 Ditto Ä Américo Martins Júnior... 1 Ditto » Naumann, Baccarat & Co 500 Ditto—Naples Nioac & Co 125 Ditto « de Café... 500 Ditto Ä Américo Martins Júnior... 4 Ditto Cia. Brasileira Almeida Prado & Co 500 Ditto Ä • • Reffinetti & Bruno. 2 Ditto & Co 500 Ditto Ä Cia. Leme Ferreira 1 Ditto „ J. C. Mello Osório & Co 250 Ditto Oliveira, 1,758 M. C. Coelho & Co 250 Ditto " ¦ -w M>* .• ->* ' L._... .,_. ' February 9, 1928. WILEMAN'S BRAZILIAN REVIEW. 196 "... RaphaelNaumann. Gepp & Co 2,505 1."* 30/1—Werra—Bremen & Co... 500 Hard. Rand & Co...... Ditto Sampaio 28/1- KK. Maraareta-StockholmMniM«in.i Struckmeyer & Co 875 Rand & Co 414 Ditto Ditto „ Hard, Ennor & Cia., Ltd 625 Almeida Prado & Co 385 Ditto 500 Ditto • •• |7| Andrade Junqueira & Co. Nossack & Co • Ditto 375 Ditto & Co.. 37a J. Aron ft Co Ditto Andrade Junqueira Ditto » A. Levy y 375 A. Levy 250 Ditto S. Ditto S. Cia. Paulista de Exportação 375 Theodor Wille & Co. .... 250 Ditto m Ditto Sion Si Co 375 Cia. Paulista de Exportação 250 Ditto Ditto Prado Chaves 375 Wright & Co.... 250 Ditto Cia. Ditto l ..'. Martins, Nossack & Co 375 & Co.} ...'.....;• 1,498 Ditto Ditto Hamburg Nossack Oliveira & Co 250 Sampaio & Co... 75U Ditto Rangel Ditto '. RaphaelNaumann, Almeida Prado & Co 250 Gepp & Co 500 Ditto Ditto l Soares & Co 250 Struckmeyer & Co 375 Ditto Franco Ditto E. Theodor Wille & Co..*.... 125 Junqueira & Co.. 250 Ditto •• Ditto l Andrade Lima Nogueira & Co 125 Prado & Co 125 Ditto Ditto Almeida Sampaio Bueno & Co 125 Dltte Exportadora.. 125 9,052 Ditto m S. Nacional Hard, Rand & Co 750 Ditto—Gothenburg Gepp & Co 625 142,652 Ditto * Naumann, Total Overseas Theodor Wille & Co 500 Ditto 375 Cia. Prado Chaves VICTORIA. Ditto „ Junqueira & Co.. 250 Ditto Andrade 1928. Paulista de Exportação 250 Dur'ng the week ended 2nd February, Ditto Cia. bima Nogueira & Co 250 Ditto n 2,000 Martins. Wright & Co 250 20/1—Terricr—N. York Ornstein & Co. Ditto 500 J. Aron & Co 125 Ditto O. Santos & Filhos Ditto 1,111 Levy 125 Ditto „ Vivacqua Irmãos & Co Ditto S. A. Soares & Co 125 Ditto Franco & Co 125 Total Overseas 3,611 Ditto E. Johnston Rand & Co Ditto—Helsingborg Hard, 2.086*250 Wille & Co Ditto Theodor Franco Soares & Co 250 Ditto PORTS OF RIO Exportadora.. 250 DESTINATION OF COFFEE CLEARED AT THE Ditto S. Nacional & Co.. 125 UCTOBER, 1927- Ditto Andrade Junqueira AND SANTOS DURING THE MONTH OF Exportação 125 Ditto Cio. Paulista de & Co 125 Rio Santos Total Ditto Sampaio Bueno 125 ,\ho 1450 125 1,575 Ditto Cia. Prado Chaves *'"."'. 125 125 -Malmoe J. Aron & Co 625 Ahus Ditto- 625 Ditto Hard. Bond & Co Alexandria 7,625 -6,375 14.000 Ditto Almeida Prado & Co 125 Mgiers " 6178 ² 6178 623 Ditto—Gene S. A. Levy Algoa-Bav 6,125 6,125 Ditto ,1. A ron & Co 500 Amsterdam ,.,15,390 42,601 57,991 Ditto Ennor & Cia., Ltd 125 Ancona 1,751 875 2,626 Ditto C:a. S. Paulo de Export. 125 Antofogasta 25 ² 25 Ditto—Norrkoplng E. Struckmeyer & Co. 125 A„twerp ' 14,825 14,106 28,931 499 20,500 30,999 Ditto—Corlskrona Theodor Wille & Co.. 125 Bàltiihòre 101400 1,400 Ditto—Ahus liot-ci. Rand & Co. 125 Barcelona . 2 DHto—Consumptiõn Agencia Transatlântica Bari 375 375 Bougie 63 ² 63 16,887 Bourgas 375 ² 375 Bergen ¦:...:....: 375125 P 500 875™» Wright & Co. 3,000 Biibáo 29/1 -Severn—Havre Martins, Ditto Naumann, Gepp & Co. 5,625 Boné 62 62 Ditto .1. Aron & Co... 1,000 Bordeaux 2,626 1,287 3,913 Ditto „ Nioac & Co 1,000 Boston . 72,850 72,850 Ditto Ban gel Oliveira & Co. 500 Braila . r25 a J^5 Ditto Nossack & Co 125 Bridgton . . 200 200 125 Ditto „ Boge Ferreira & Co Bremen . . 12,392 12,392 H Afres 20,77262 ² 3,845_.-:..jg 24,617 8,375 Calamata Cape Town 7.690 7,690 1,311 29/1- Wucrtcmberg—Hamburg Eduardo M. Hafers Carlskrona 125 125 250 Ditto Ä Cia Prado Chaves 895 Casa Blanca . 812 ² 812 Theodor Wille & Co 750 Constantinople 3 625 ² 3,62,> DHto _, L Ditto Ä Nioac & Co 375 Constanza 1» . Ditto Ä ...... E. Johnston & Co. 250 Corrral 900 300 • Ditto • » • • • .1. C. Mello & Co. 250 Copenhagen . . 3.000 7,605 10,605 Ditto Nossack & Co 250 Dantzig 125 ² J2.& Ditto Naumann, Gepp & Co. 152 Dronthem . 650 250 90 Ditto—GUon Leon Israel & Co.. 125 East London 3,650 ² 3,650 Famaguste . . •• 125 ² ]f 4,358 Fhime'¦¦' 187 a 187 S * ' '.:*.'.'.'.'.'. 2,375 250 1,875 250 4,250500 GUon 30/1— Marylnnd -Copenhagen Hard, Rand & Co 2,125 Ditto M Martins. Wright & Co. 625 Genoa." 16,525 14,356 30,881 Franco Soares & Co... 500 GiÜr altar " *".'.*.'." .... 3,000550 ² 6 550 Ditto 050 9,050 Ditto Sion & Co 250 Gothenburg 35,050 61,695 96,745 Ditto J. Aron Sí Co 250 HamS 47.061 76,136 123,197 „:", T Ditto Nossack & Co 250 lllU'c |25 125 Ditto ¦ • • • Naumann, Gepp & Co. 250 Ditto—Helsingfors Franco Soares & Co.. 250 Sei&rs /v•:::::::::'.¦.'.::.'.: «o 75ò m * Ditto-r-Oslo Sion & Co 125 Hudiksvall . ?7d jWô Ditto Ä Almeida Prado & Co. 63 Helsingborg JOQ 3,760 4.260 125 Ditto—Holding Hard, Rand & Co.... ¦.:::::::::::::::::¦ A 11.500 Hm jaCKbOnviiieS«- . __ 2?u 4,813 • :: - 125 125 ggSH!Kalmar . . &-': ¦, ¦'- ¦•??-'*í>v^Ç( .¦;..-. .,. :"'5''^H|_S^^i8E - »v<-,-•-,«- f* ' - -^ ' æ ¦' ¦' 11 ' '"¦ ' > ;1. Jtfe ¦ ¦. "¦ • •¦ .'.¦¦¦'' . February 9, 1928. WILEMAN'S BRAZILIAN REVIEW. 197 - • ».,._•- - • \ ,_;' ,_, IK ' Rio Santos Total PERNAMBUCO MARKET REPORT. Ko.tka . :' 1075 ² 1,075 Landskrona . . — 125 125 (From our Correspondent). Las Palmas 400 125 525 Luderitz-Bay 125 ² 125 Pernambuco, 28th January, 1928. Leixões . . ls030 ² 1,030 ¦. Luléa . 250 ² 250 SUGAR. Market firm, and busiuess bas been done at 52*000 Livorno . 625 500 1,125 and sellers now holding out for 55*000. Apparcntly the La Valette .% 439 ² 439 "Convênio" policy of the has been successful. Brutos London . — 2 quite have accompanicd Lisbon . 460 ² 6-11) Crystals, prices varying largely according to quality. Lourenço Marques 2.585 ² 2,585 Quotations (nominal) for unbagged are:—Usina lst 18*500 Marseilles . 11 256 3,565 14,82 \ lo 146500; Usina 2nd 12*500 to 13*500'; Branco 10*000 to 10*500; Malaga . , — 250 250 Somenos 9*000 to Df500; Bruto secco 6$200 to 7*200; Bruto Mel- Malmoe — 1.375 L375 lado 4*500 to 59000. Melilla . .' 200 ² 200 Entries from 21st to 27th Messina . 375 250 625 January were 119,257 bags, of which 26,627 Methovik 1,596 1,596 bags came by water, rest by rail. Montevidéo .\i.010 207 3,217 Shipments from llth to 17th January were:—Pará 1,340 bags; Montyluoto 225 ² 225 Maranhão 405 bags; Ceará 970 bags; Natal 400 bags; Victoria Mossel-Bay 2 260 ² 2,260 1,230 bags; Rio 93,414 bags; Santos 56,117 bags; Pelotas 1,880 Mostaganem 125 ² 125 bags; P. Alegre 10,776 bags; R. G. Sul 8,050 Nantes 125 ² 125 bags; Paranaguá 100 bags; Naples . . æ 7,700 639 8,339 Antonina 7,100 bags; Sundries 90 bags. ;,«! Neufàrwasser 250 ² 250 COTTON. Market unehanged, prices for Firsts Scrato bcing New Orleans 41,032 205,164 246,196 54*000 and for Mattas 51*000, pn which basis busiuess bas been Neã York . 51,234 340,106 391,340 done with' the South. Norrrkoping , . 125 125 250 Entries from 13th to 19ch January were 1,877 bales. Nykiobing Falster 125 ² 125 Shipments from llth Norfolk . . — 1,000 1,000 to 17lh January were:—Itajaby 114 Ornskoldsvick . N 625 125 750 bales; Leixões 300 bales. Oran 5,438 ² 5,438 GQFFEE. Some 1,000 bags sold on basis of 35*000 to 36$000. ² 125 Oscarshamn 125 Market quiel. Oslo 1-787 1,652 3 439 . . Entries from 13ib to 19tli January were 695 bags. Patras 375 ² 375 MAIZE, Some 2,500 bags Palermo 1,250 ² 1,250 sold during the week, l>etween Phelippeville 778 ² 778 13$5ÒQ to 141000, Market howevcr is wcak. Durban 4,613 ² 4,613 Entries from Llth to 19lh January were 10,108 bags. ² 285 Punta Arenas 285 FARINHA. Market quiet. Small busiuess done on basis Pireus 1,816 —. 1,816 of 4O$000-44s00() according to quality. Philadelphia . — 16,932 16,932 Entries from Llth to 19tb January were 4,366 Portland — 500 500 bags. improved Puerto Montt 165 ² 165 BKANS. Market slighlly some 600 bags sold on Port Said 125 ² 125 basis of 49*000 to 5Ò|000. Port Stanley • — 20 20 Entries from Llth to 19th January were 1,756 bags. . . Reykjavik 200 200 FREIGHTS. Unehanged. Rauno 50 ² 50 WEÁTHER. Generally fine, with occasional rains. Rotterdam . . 15,596 33,771 49,367 Rhodi 250 ² 250 EXCHANGE. Market has had a slightly weaker tendency Rosário 1,392 ² T 392 livroughout lhe week, closing to-day at 5 61/64d Bank and private Seville — 725 725 being quoted at 6d, perhaps alittcl better. There are no BiUs. Salonica 813 ² . 813 Santandcr . . — 350 350 San Sebastian — 100 100 RUBBER. San Francisco (Califórnia) 18,187 18,187 Cable Quotations for Pará Hard Fine. Quotations on Feb. Southampton 140 228 88 4lh, 1928, were as follows: — London ls. ___d. per lb.; Pará Sfax 128 ² 128 4*100 kilo, as against ls. 3%d', and 4$300 rcspecüvely on Smyrna . 250 ² 250 per San Pedro (Califórnia) — 3,450 3,450 Jan. 28th, 1928, and ls. 4%d. and 4§000 on Feb. 3rd, 1927. Stockbolm . . 7,255 9,696 16,951 "uderham 125 125 Sundsvall 2,875 125 3,000 Pará Rubber Movement and Prices (By Cable). The move- Susak 1,537 125 1,662 ment of rubber at Pará during the week ending Feb., 4 1928. Seattle . . — 796 796 was as follows:— Tangiers ² 125 125 Kilos Talcahuano 750 ² 750 Stock on January 28, 1928 5,482,414 Teneriffe 600 ² 600 Trieste 48,143 12,839 60 982 Entries during the week ending Feb. 4.. 508,252 Trinidad 90 ² 90 Tunis 1,376 ² 1,376 Available 5,990.666 ² 375 Umea . . 375 Clearances during the same week:— Valparaiso 2,525 52 2,577 To United States 767,530 fe* #¦' Varberg ...'.' 275 50 325 To Europe . 99,227 Varna 63 ² 63 5,820 872 577 VancQuver — 750 750 To Sundry ports Venice 4,503125 750 5,253 Vigo . 330 455 Stock on February 4, 1928 5,118,089 Viborg .' 1,350 ² 1,350 Volo 250 ² 250 were on Feb., 4, 1928, as follows, per kilo: ² 550 Spot prices quoted Winnipcg . . 550 Feb. Jan. 28 Wasa 50 ² 50 Fine . - - - • - - • - 4$000 4$300 Walfish-Bay . . 125 ² 125 Sertão Wàstérvik . . 125 ² 125 Sernamby Fine . 3f000 81200 Ystad . .. — 125 125 Island Fine . 3|200 3$300 Island Sernamby ...... "28800 3$000 1,017.221 1,476,638 Total . 459,417 Caucho Bali . . 3*300 3*500 ',., .¦¦:-¦'., >V ¦:-,-_>.-. _Ütl6__lil. February 9, 1928. to 2,781,900 bags, as For the crop to date entries amounted Cable). Pricei were «oot«l last crop. New York Rubber Qnotatlone (By 2,273,500 bags for the same period lb.):- against with week ending Feb., 7th 1928, as follows (-per closed on lst February, 1928, steady,, during the — ~~~ The Rio Market _____ February kiloi white agkU*»M0 to UOM; 6th 7th piices quoted as follows, per Ist 2nd 3rd 4th lo $850; Maseavo, Í600 Demeraras, «850 to «867; Maseavinho, Í767 Upriver Fine Washed & l° 40% 40 39% 39* 39 V* 39% $The ended lst Dricd . , tt at Rio de Janeiro for the week 30 29 tt 29 tt 29 28 28 movement Upriver Fine . tt 23 22 % 21 tt 23 23 tt 23 February, 1928, was as follows:— Upriver Coarse 23 23 % 264,158 Bali 24 24 + 24 23 Stock on 25th January, 1928 Caucho 26 26 tt 26 tt 26 Fine 26 26 tt % week 33,638 Pará ÍSland ni a' 91 V, il21 %* 21ai *% 21 tt -íl Ent ries during the Island Coarse ... 21 21 tt Pará 37 * »* * Smoked Sheets. 8% ;? % Plárit: *„*£.,£.*, Jj s7 % 297,796 Planl: Látex Crepe - - » ª ¦» Available on /tn rearuiu?, ioU30 tons. 52,968 Stock Orient mbber in U.S.A. Deliveries during the same week Market Steady. Stock on lst February, 1928 244,828 COTTON. Ditto, on 2nd February, 1927 353,469 week ended lst Feb., 1928 «»fr movement at Sao Paulo for the Marke, closed on Isl February, The The Pernambuco bujers as follows, per bag of 60 kilos: at 52*000 buyers, against 53*000 1928, spot quoted with firsl sorts quoted 1 Feb., 1928 25 Jan., 1928 2 Feb., 1927 and 37*000 buyers on l.d February òI the previous \Vc ;.,-- SUGAR COTTON, SUGAR, BEANS, RICE, MANDIOCA MEAL, LARD and MANGANESE. There were no clearanees overseas of these Market closed on lst Feb., 1928, steady, The Pernambuco Santos, during the week Usinas lst sorts, 14*500 coinmodities at the ports of Rio and with quotations as follows, per 15 kilos: 3rd sorts, ended 1 February. to 15*500; Crystals, nominal; Demeraras, nominal; seccos, 10*000 lo' 10*500; Somenos, 9*000 to 9*500 and Brutos 14*500; 0*000 to 7*000, as against Usinas lst sorts, 13*500 to C O C O A. 9*800 to Crystals, nominal; Demeraras, nominal; 3rd sorts, Clearanees overseas of Cocoa at the ports of Rio and Bahia, on 10*500; Somenos, 8*800 to 9*500 and Brutos 6*200 to 7*200 during the week ended Feb. 1, in bags of 60 kilos, were as foi- the previous Wcdnesday. lows:— The movement at Pernambuco for the week ended lst Feb., From Bahia: Jan. 21, ss Salland, Amsterdam 2,750 bags; 1928, was as follows, in bags of 60 kilos:— Jan. 22, ss Gal. Belgrado, Vigo 100 bags; Hamburg L850; Jan. 21, Stock on 25th January, 1928 861,700 ss Tunisier, Antwerp 450 bags; ss Zeelandia, B. Aires 1,250 bags; Entries during the week 145,500 Jan. 20, ss Southern Cross, N. York 250 bags; Jan. 25, ss Cor- ______sican Prince, N. York 2Ó0 bags; Jan. 26, ss Ipanema, Marseilles Available 1,007,200 800 bags; Genoa 550 bags; Trieste 200 bags; ss Forbin, Havre Deliveries during the same week 213,400 1,925 bags; ss Ruy Barbosa, Havre 200 bags; Hamburg 1,850 bags; Jan. 27, ss Califórnia, Copenhagen 1,300 bags; Trondjen Stpck on lst February, 1928 793,800 200 bags; Jan. 28, ss Komet, N. York 9,050 bags; total 22,925 Stock on 2nd February, 1927. 492300 bags; valued at £84,066...... "¦¦?¦¦ mm >¦¦¦••¦¦"¦¦¦ -'j_ ¦ -¦:;¦ '• " ''.¦*lsi____ '_*" .:Zf: r . ¦ ,_ .;..»; .. -„¦ 9, 1928. 71 February WILEMAN'S BRAZILIAN REVIEW. 199 ¦'¦¦-¦¦¦:-i ¦_§ MEAT. Clearances overseas of Frozen or Chilled Meat, Pork and CHARGEURS RÉUNIS ET SUD-ATLARTIQUE Offal at the ports of Rio and Santos, during the week ended í 1 Feb., in tons of 1,000 kilos, were as follows:— PASSENOER SERVICE I-*___m From Santos: BEEF—Jan. 30, ss Napierstar, London 195 The Luxurioua Liner FOR RIVIR PUTI roa europi tons; Jan. 31, ss Ceylan, Rotterdam 64 tons; total 259 tons; valued at £7,548. 17 OFFAL—Jan. 30, ss Napierstar, London (2,451 pckts.) 57 March. 6 LUTETIA March. tons; valued at £1,938. "Cuisine"-Maxitnum HIDES. The Best Comfort. Clearances overseas of Dry or Salted Hides at the ports of Rio and Santos, during the week ended 1 Feb., in units and tons 11 & 13 Avenida Rio Branco. of 1000 kilos, were as follows:— Jan. 26, ss Rio de Janeiro, Antwerp, Bally Brasil (2,521 salt) telephone: norte 6.207 72 tons; valued at £2,728. Kio dc Janeiro — From Santos: Jan. 29, ss Severn, Hamburg (6,964 salt) 153 31, ss Parnahyba, N. York salt) 40 tetas; N. tons; Jan. (2,000 Lamport & Holt, Limited. bales dry) 23 tons; total (8,964 salted and 461 bales York (461 VAUBAN, leaves Rio 19th February for Trinidad, Barbados and 216 tons; valued at £10,342. dry'hides) New York. • VANDYCK, leaves Rio 7th February for Montevidéo and B. Aires. TOBACCO. VESTRIS, due Rio 20th February for Montevidéo and B. Aires. Clearances overseas of Leaf Tobacco at the ports of Rio and VOLTA1RE, due Rio 4th March for Montevidéo and B. Aires. Bahia, during the week ended Feb. 1, in tons of 1,000 kilos-, BOSWELL, due Rio Í3th February for Santos and R'o Grande. were as follows:— MILLAIS, due Rio 19.h Fehruary for Montevidéo, B. Aires and From Bahia: Jan. 21, ss Tonisier, Antwerp (50 bales) 4 tons; Bahia Blanca. ss Zeelandia, B. Aires (300 bales) 21 tons; Jan. 22, ss Gal. Bel-. RAPHAEL, left Santos 4th Fehruary foi* N. York. grano, Hamburg (21 bales) 1 ton; Jan. 27, ss Meduana, B. Aires BIELA, leaves Santos 9th February for New York direct. (306 bales) 32 tons; total (677 bales) 58 tons; valued at £3,020. BONHEUR leaves Santos 16th February for N. York, calling at Pernambuco. CLEARANCES OF SUNDRY PRODUCE RAEBURN, leaves Santos 27th February for Rio, Victoria and Bananas ln Bunches N. York. Biston From Santos: Jan. 24, ss Zeelandia, B. Aires 5,421 bunches; T1NTORETTO, leaves B. Aires 15th February for Santos, Jan. 27, ss Deseado, ditto 2,025 bunches; ss Pará, ditto 42,769 and N. York. Plate). bunches; ss Western World, ditto 4,000 bunches; Jan. 28, ss Ro- PHIDIAS, left Rio Grande 7th February for Diamante (R. land, ditto 8,219 bunches; Jan. 31, ss Hangland, ditto 19,099 BRONTE, leaves Santos 8th February for B. Aires. Grande. bunches; Jan. 30, ss Napierstar, ondon 12,036 bunches; total BROWNING, due Rio llth February for Santos and Rio 93,569 bunches; total from 1 Jan. to 1 Feb., 1928, 332,808 bun- THESPIS due Rio 25th February for Santos. Grande. ches. BRUYERE, due Rio lOth March for Santos and Rio Nlppon Yusen Kaisha. — Lamport & Holt. agents. and SHTPPTNG, WAKASA MARU, leaves Rio 9th February for Cape ports Fire on Pan America. Fire broke out on the Munson Line Far East. "Pan "The Times" s.s. America", 26th ult., at 10.30 o'clock, says Rlue Star Line—Wilson, Sons & Co- Ltd., Agents. Hold No. 1, where February. of Argentina, the blaze being confined to AVELONA, arrived London from South America 8th being shipped for the London. several hundred cases of melons were ARANDORA, arrived B. Aires 7th February from damages being confin- Piymouth, States. The fire was soon got under, lhe ÁVILA, sailed Rio 7th February for Madeira, Lisbon, cheese, these being ed to 800 cases of melons and some 200 of Boulo_n_ and London. snrveyors reported the Vinccnt C.V., transferred to lighters and landcd. The ALMEDA, sailed Madeira 6th February for St. "Pan or damage and she B. Aires. America" as being free from ali danger Rio (due I6th, sails 17th), Santos, Montevidéo and same day. It Lis- «sailed for New York punctually at 15 o'clock the \NDALUCIA, in London sails llth February for Boulogne, or match sails 27th), ís thought that the fire originated in a tíghted cigarette bon, Maleira, St. Vincenl C.V., Rio (due 26th, special straw. dropped near the melons, which were packcd in Santos, Montevidéo and B. Aires. Osaka Shosen Kaisha—Agents Wilson, Sons & Co.. Limited. for Rio MANILA MARU, sailed Cape Town 2nd February (due STEAMERS» MOVEMENTS. 12th, sails 13t_i), Santos, Montevidéo and B. Aires. The Royal Mail Steam Packet Company. 14th for Rio SANTOS MARU, arrived Santos 5th February sails ANDES, left Rio 4th Feb. for Santos and R. Plate. Galveston, (due 15th, sails 16th), Victoria, New Orleans, ARLANZA, due Rio 18th February for Santos and Plate. Christobal, Los Angeles, Yokohama and Kobe. ALCÂNTARA, 29th February for Santos and Plate. for Gal- due Rio LA PLATA MARU, sailed New Orleans 9th February for Santos and Plate. ALMANZORA due Rio lOth. March veston, Christobal, Los Angeles, Yokohama and Kobe. AVON, 6th Feb. homewards. Yokohama and due Southampton HAWAII MARU, sailed Los Angeles 31st Jan. for 8th Feb, for Lisbon direct. ASTURIAS, leaves Rio Kobe. DESNA, lOth Feb. for Santos and Plate. Hong Kong, leaves Rio MONTEVIDÉO MARU, sailed Kobe 4th February for Santos and Plate. DEMERARA, due Rio 8th March for . Saigon, Singapore, Colombo, Durban, Cape Town, Santos (due direct. DARRO, left R:o 31st January for Lisbon 25th March, sails 26th), and B. Aires. DESEADO, due Rio 14tb Feb. for Lisbon direct. Chargeurs Réunis & Sud-Atlantique. HIGHLAND LADDIE, due Rio 14th February for R. Plate. MALTE, expected from the Plate 16 February. LAGARTO, due Rio 17th March for West Coast. MEDUANA, expected from the Plate 22 February. SOMME, left Rio 2nd Feb. for Santos, etc. AMIRAL TROUDE, expected from the Plate 26 February. SARTHE, due Rio 20th Feb. for Santos, etc. DESIRADE, expected from the Plate 29 February. SIRIS, due Rio 16th Feb. for Pernambuco and Europe. LEODIUM, expected from Europe 11 February. SEVERN, left Rio lst Feb. for Bahia and Europe. «*'. -' '. t-'"'J ¦...--¦¦.-¦....';:-(¦¦..:¦.¦...* '¦' •'¦-•-¦.--i ,...... *-..¦ . :¦.¦»¦¦.¦¦ .* ,:.- V' ¦.¦..„ '«' •.,V.*-.- ¦*'- ¦"¦"'*"'. J'.'.'."r.r .''¦*"'¦¦.'- **.¦¦.""¦ .'¦¦•¦¦¦ ::¦ .*. . :*-.- WÍLEMÁtfS BRAZILIAN REVIEW. February 9, 1928. '¦¦/ BELLE-ISLE, expected from Europe 12 February. ANTÔNIO DELFINO, arrived Hamburg 2nd Feb. AURIGNY, expected from Europe 18 February. MONTE CERVANTES; arrived B. Aires lst Feb. GROIX, expected from Europe 25 February. MONTE OLIVIA, arrived Hamburg 29th Jan. LIPARI, expeced from Europe 5 March. MONTE SARMIENTO, left Rio 6th Feb. for Santos, Sao Francisco LUTETIA, expected frota, Epropc 6 March. dò Sul, Rio Grande do Sul, Montevidéo and B. Aires. Norddeutscher Lloyd Bremen-Herm. Stoltz & Co., Gen. Agents. ARGENTINA, left Antwerp 22nd Jan., for Brazil. ' SIERRA CORDOBA, due at Rio 29th Februarv. BILBAO en route for Hamburg from R. Plate. SIERRA VENTANA, in B. Aires., ENTRERIOS, loading in Rio Grande do Sul. SIERRA MORENA, left Rio 6th February homewards. ESPA5ÍA, due Rio 8th Feb. for Hamburg. MADRID, LA.CORUSA, left leaves Rrcmen 18th Fcbmary for braz. ports. R;o 27th Jan., for Hamburg. WESER, in B. Aires. : PARANÁ', left Hamburg 14th January for Florianópolis. WERRA left Rio 31 st January homeãards. RIO DE JANEIRO, left Rio 26th Jan. for Antwerp, Rotterdam, GOTHA, left Bremen Bremen 28th January for braz. ports. and Hamburg. KOELN, in Bremen. SANTA FE', leaves Hamburg llth Feb. for Brazil. EISENACH left SANTA THERESA, discharging at Santos. Hamburg 3rd January for southamerican ports. ERFURT, in -.antos. TENERIFE. loading in the R. Plate. ULM, in Santos^ VIGO, due Rio 14th Feb. for South Brazil ports and R. Plate. ALDA, in Santos. BAHIA, left Hamburg 3rd Feb. for South Brazil ports. •PERNAMBUCO, ROLAND, in Santos. leaves Hamburg 24th Feb. for South Brazil ports. ORANDON, left R'o 9th February for Santos. Hamburg-America Ljnie—Theodor Wille & Co., Agents. tflENBURG, left Rio 7th February for B. Aires and Rosário. ALBINGIA, loading in tbe R. Plate. GERWIN, left Antwerp 6th February for braz. ports. BA DEN, left Rio 2nd Feb. ALRICH, for South Brazil ports and R. Plate. leaves Hamburg 23rd February for southamerican -BAYERN, ports. leaves Hamburg 8th Feb. for Brazil and Argentina. Munson Steamship Lines—Federal Expresg Company. Agents. .RENDERAH, |eft Antwerp 3rd Feb. for Brazi] and Argentina. AMERICAN LEGION, left N. York Jan. 28, due Rio Feb. 10, San- FRANKEWALD, leaves Hamburg 25th February for Brazil. tos 11, B. Aires 15. .OENERAL RELGRANO, left Bahia 22nd January for Hamburg PAN AMERICA, left Rio Feb. lst, calling at Trinidad 8th,*due GEN.. MITRE, due Rio 14th Feb. for Hamburg. N. York 15th. HARBURG, en route for Hamburg from Argentina. SOUTHERN CROSS, leaving N. York Feb. llth, due Rio 24th HOLM, left Funchal 6th Feb. for Brazil and Argentina. WESTERN WORLD, due Santos Feb. 13th, Rio 15th, Bahia 17th LEGIE, en route for Hamburg from Argentina. and N. York 29th. LIGURIA, leaves Hamburg 14th March for Brazil. PARAGUAY, dpe Rio 12th Feb. for Brazil and Argentina. ^LSI CAMARPO. SACHSENWALD, i„ tbe Pacific Ports of U S * \ left Hamburg 8th Feb. for Braz'1 and Argentina. WEST NU US, left Santos STEIGERWALD, loading Jan. 31sl, for Bahia due to leave Bahia in the R. Plate. «»'. WASGENWALD, $$*m *>r Pacific Ports of U.S.A. calling Columbia en route from Santos to Bahia Blanca and Colou. .... __ WUERTTEMBERO. left Rio 30th Jan. for Hamburg. WEST NOTUS, d„e HELUAN, due Santos end of February, to load for Pacific Rio 20th Feb. for Chilean ports. Ports of U.S. A. Johnson — Prince Line-Houlder Line Luiz Campos, Agent. Brothers & Co.. Limited. A»rents PEDRO SARDINIAN CHRISTOPHERSEN, left Rio 4th Feb. due to leave PRINCE, load. for Trinidad. San- N. York & Boston 29.1, tos 9th, for B. Aires. SUÉCIA, left Gothenburg 3rd Feb. for Rio, Santos, BRAZILIAN PRINCE, en route for Montevidéo New York ?^™™ and B. Aires. CASTO .UN PRINCR. 1„„,„ for Trinidad. N. Yodl- « Boston abo,,, PACIFIC, due to leave 21 st March. Gothenburg Oth February for Rio, Santos and B. Aires. P1". CORSICAN PRINCE. nt New York HIGHLAND SAN FRANCISCO, due to leave Gothenburg 25th PRINCE, en route River Plate February for Rio. Santos, Montevidéo and B. Aires. ""'"in,! '" N* YnrÍt f'"' l!i" mur?v tn',n,NCR' ÜM Sanlps. LIMA due to leave Gothenburg AFRICAN PRINCE, March loading 8th March for Rio, Santos and New York .for Rio imd Santos B. Aires. Th* NorwCKla„ Soojh American - Une Fredrlk Eneelhart. A«rent LIMA, left Balva LISTA, 19th Jan. for Sweden and Finland due Rio lOth February from Norway.-Sailing for River KRONP. MARGARETA, left . Rio lst Plttte 15ih February Feb. for Victoria 3rd. and va Santos. Bahia 6th, BRAZIL, for Sweden and Finland sailed from Aalborg 3lst Januarv for Santos KRONP. GUSÍÀF ADOLF, left B. Aires lst BAYARD, sailed from Kristinnssund Feb. for Santos, Rio N. 2nd Febmarv for llth, Vicotoria 14th, Santos Rio Bahia 16th, for Sweden and Finland and B. Aires. VALPARAISO, due to leave R. Aires 18th Feb.. loading RYGJA, sailed from Aalborg 5th Santos February for Victoria, Rio and 22nd, Rio 27th, Victoria 29th and Bahia Santos. 2nd March for Sweden and Finland. -CRl-X due to sail from West Norway 2nd PEDRO Half Februarv for CHRrSTOPHERSEN, due to leave B. Brazil and River Plate. Aires 3rd March loading Santos 8th, Rio llth, Victoria lóth BORGLAND, loads and Bahia 17th Santos/Rio abt. 25th February forCopenhagen for Sweden and Finland. Eimand and Baltic Ports. SUÉCIA, due to leave B. Aires 24th March ;PARA\ loads Santos/R=o for Santos 29th Rio abt. 3rd March for Copenhagen, 31-st, Victoria 2nd April, Norway and Bahia 4th, for Sweden andVin- Finland and Baltic Ports. land. loads Santos/Rio 2nd Half March for Copenhagen, ^ISTA, Fin- Rotterdam Zuid Amerika Lijn-E. ;;.Nland Norway and Baltic Ports. Johnston & Co., Ltd., Agents ALWAKI, loads 'for Rotterdam and Hamburg Hamburg-S. American Steamship Comp.—Th. on 13th February. Wille & Co., Agents WAALDIJK, loads for CAP ARCONA, left Rotterdam on 24th February. Rio 3rd Feb. for Lisbon, Vigo, Boulogne and Koninklljke Ilollaadsche Hamburg. Lloyo-E. Johnston & Co., Ltd., Agents CAP POLÔNIO, KENNEMERLAND, loads .for Rotterdam lc't Vera Cru/ 7th Feb. for La Habana"; excursion on 16th March. * trip, • ••;• _*. - Wilhelmsen Steamship Line-E. Johnston & Co.. Ltd., Agents CAP NORTE. left:B.. Aires 30th Jan. TIIODE FAGELUND, for Magellanes; excursion loads for New York 17th February. trip. TROUBADOUR, _ _..- __.__. due from New York on 28th Februarv Sfe .¦** W9&