BALDWIN LOCOMOTIVE WORKS., Philadelphia, Penn. (Established Issi) BURNHAM, WILLIAMS & Co., Proprietors
—-- ' ' l»Mi^i »i ':::f-;::: æ • '^BnmmmJk 'A'-' '*'A /3T U A """" í5tmili*m Hwiew 1- A WEEKLY RECORD OF TRADE AND FINANCE
Vol. 2 —No. 33 RIO DE JANEIRO, TUESDAY, 15th AUGUST, 1899. Price. . . 1$000,' .^ DAVIDSON & Hio QUAYLE, Co. d.© Janeiro iSLgeixoy 1n São Fs»-uJ.o 119 & 121, RUA DA QUITANDA RUA DO COMMERCIO, N. 32 COMMISSION MERCHANTS & IMPORTERS. KIA.X.^^IS^A.ZOO KAILROAD VELOCÍPEDE <3c CA.:R, Oo CS-ja-Hg^SKT^L. OIL OÒ„ ' SPECIAL TERMS FOR : —===. BROOXS LOCOMOTIVES, ===— BRIDGE WORK GE THE UNION BRIDGE Co. GENERAL AGENTS IN BRAZIL FOR THEPRIMCE LIME OF STEAMERS. FRY MIERS & Co. Òttffolk House M Letwrence Pouniney. Hitt, Lmidom E. C.
ENGINEERS & EXPORT MERCHANTS SOLE AGENTS IN BRAZIL FOR BEYEB PEACOCK and Oò's. LOCOMOTIVES, ihe.Roller Bearings Co's Rolling Friction axle boxes, Tyler & Ellis' continuous Rail crossings. Evans 0. Donnel & Co's, Paten lock òí biock for Absoluto & Caution working & Railway signalling apparatus, and other specialities in-Railway plant, EDISON & SWAN UNITED ELECTRIC LIGHT Co. Ld. COFFEE, SUGAR & SANITaRY MACHINERY and WATER WORKS MATERIAL Agency hi Rio de Janeiro: — E. J. SMART— P. 0. B. 775. Rua Theophilo Ottoni, 21, lst floor. Agency in S. Paulo : — RICHARD OREAGH— P. 0. B. 48. Rua do Commercio, 29. - -.-•¦ Telegraphic ,-¦•: Address, FIEL.DFARE. S. Paulo BALDWIN LOCOMOTIVE WORKS., Philadelphia, Penn. (established issi) BURNHAM, WILLIAMS & Co., Proprietors. locomotive 7ÍJ^f engines are adapted to every variety of service, are built accurately to standard gauges and templates. Like parts of different engines of same class perfectly interchangeable. Passenger and Freight Locomotives, Narrow Gauge Locomotives, Steam Street Cars, etc, etc. Electric Locomotives and Plant for Electric Railways by the Baldwin Westinghouse Combination. ALL WORK THOBOÜGHLr GUARANTEED. ILLUSTRATE9 CATALOGUE FURNISHED ON APPLICATION OF CUSTOMS, Sole Agents in Brazil NORTON, MEGAW & Oo., I/d. No. 58, Rna Primeiro âfi Março, Rio de Janeiro him: Co. General lerctats, letal Importers --ani lannfactnrers of • Bar, Angle, Horse-shoe Iron and Box Irons, Wire Nails, Lead Piplng, Mule and Horse Shoes, Bolts, Nuts, Rivets, and Brooms and Brushes, of ali kinds. UNDERTAKE CASTINGS OF1 EVERY DESCRIPTION Agents for Knight, Bevan and Sturges' Cement. CENTRAL OFFICE: — 32, Rua Theophilo Ottoni, 32 THE ALLISOH. MMUFÃCTURIM Co. Fhifedglphia. m Ã. Every description of FREIGHT CARS for bróacl & narrow gauge RAILWAYS Allisorís Chãrcoal Iron Locomotive Boiler Tubes, 7 Marine & .stationary boiler tubes, American wheels & axles, axle boxes, wrought iron pipe, fittings etc «I. AI*. DOBBS, General representative, Caixa 1064, RIO DE JAJVEIIAO. ^ .,\3R*;,'->'•"' ' 15 th, 1399. n The Brazilian Review. [August LONDON AND RIVER PLATE BRAZILIAN BANK AND THE BANK, Limited. LONDON LIMITED. mi & co.
Capital...... £ 1.500.000 LONDON: Princes Street, E. C. . up »> 705.000 Capital paid PARIS: 16, Rue Halévy Reserve fund • • »» 600.000 WIILE, SCHILINSKY & C. Rio de Janeiro: HEAD OFFICE: LONDON. da 4L1 AMD 4L3 No. 20, Rua Alfândega. BRANCH OFFICE IN RIO DE JANEIRO 1 10, Rua da Alfândega Rna General Caiara Authorized by Decree No. 591 of 17th October, 189 i Draws on Head Offlce and the following Branches and Agencies: Subscribed capital £ 1,500,000 Realized do „ 900,000 LISBON, OPORTO, PARA, -dr^ **¦"">-¦ Reserve fund „ 1,000,000 PERNAMBUCO, BAHIA, SANTOS, S. PAULO CAMPINAS, RIO GRANDE DO SUL. PELOTAS, PORTO ALEGRE, MONTEVIDÉO, BUENOS AVRES, ROSÁRIO DE SANTA FÉ, AND IMPORTERS AND EXPORTERS BRANCHES: YORK NEW Paris, 16, rue Halévy, Pernambuco, Also on: -fe5^? Para, Buenos aires, Montevidéo, Rosário, Messrs. Glyn, Mills, Curriedé Co., Mendoza and Paysandü London. Messrs. Mallet Fréres & Co., Paris. DRAWS ON: — Messrs. Schroeder & Co.,J. H. Schroeder & Co., Cable address: nachf. London and County Banking Co., L'd.— LONDON. Hamburg. Banque de Paris et des Pays Bas.— PARIS. Messrs, Joh. Berenberg, Gossler & Co., WILLE—RIO Banco de Portugal and agencies.—PORTUGAL. Hamburg And on ali the cities of Europe. Messrs. Granct Brown & Co. Also on: Genoa. p. o. BOX. H. 761 Brown Brothers & Co.—NEW YORK. First National Bank of Chicago.—CHICAGO.
RASILIANISCHE bank fur FRANÇAISE DU B DEUTSGHLAND BANQUEBRÊSIL BRITISH BANK OF SOUTH THE AMERICA, LIMITED. AUTHORIZED BY
Decree No. 1432 of 2nd January, 1897 Established in Hamburg on 16th December, 1887 by the «Direction der Disconto Gesell- HEAD OFFICE: 2 A, MOORGATE ST the «Norddeutsche Bank schaft» in Berlin and CAPITAL: Fcs. 10,000,000 (Ten miilion Francs) in Hamburg», Hamburg. London, E. G.
HEAD OFFICE: 9, RUA LAFITTE, Paris Capital 10.000.000 Marks. Capital £ 1,000,000 Idem paid up „ 500,000 Branch Office in Rio de Janeiro: Reserve fund „ 320,000 BRANCH OFFICE IN RIO DE JANEIRO. 78, Rua da Quitanda (Caixa 108) P. O- P. 58 Branches at S. Paulo and Santos Office in Rio de Janeiro: Branch-ofHces in São Paulo and Santos. Draws on: (Caixa 520) (Caixa 185) \ Head Office. 31, B,ua Io de Março I Comptoir National d'Escompte de Draws on \ Paris, and agencies.' )Société Générale pour favoriser Io f Direction der Disconto.. Paris and France'! dévcloppement du Commerce et de Gesellschaft, Berlin] j 1'Industrie en France,and agencies Branches at: Norddeutsche Bank in' and & Co. Germany. ) cor- [Heine 'M.Hamburg ; Hamburg/respondents. 1 Lazard Fréres & Co. A. von Rothschoidl \*3Périer Mercet & Co. 8. PAULO, SANT03, BAHIA, PARA, MONTEVIDÉO, Sohnc, Frankfurt a M./ /Union Bank of London, Limited. BUENOS AIRES AND ROSÁRIO. N. M. Rothschild & Sons, London, London Joint Stock Bank, Limited. Manches ter and Liverpool, ÍParr's Bank, Limited. District Banking Company, Limited, London. [Lazard Brothers & Co. Agencies at Pernambuco, Ceará, Maranhão and -NGLand / London. |j. Henry Schroeder & Co. Rio Grande do Sul. & 1 Union Bank of London , Limited, Kleinwort Sons Co. RufFer & Sons. [ London. ^A. Draws on its Head Office in London: \Wm. Brandt's Sons & Co., London. /Direction der Disconto Gesellschaft. 'Credit Deutsche Bank, Berlin and branches. The London Joint Stock Bank, Limited, Lyonnais, Paris, and branches l Dresdner Bank,Drcsdenand branches 1 Heine & Co., Paiis. ) Schroeder.Gebruder & Co., Hamburg London. i>„.„„~ )Comptoir National d'Escompte de GBRMANy ^Conrad Hinrich Donner, Hamburg. 'Lazard\ Paris, Pí;ns. 'Norddeutsche Bank, Hamburg. Messrs. Heine& Co., Fréres & Co., Paris. L. Behrens & Sohn, Hamburg. Paris. ^Dc Neuílize & Co., Paris. ^Correspondents in ali chief-cities. Messrs. J. Berenberg Gossler éc Co., i Banco Lisbon & Açores Portugal. and corres- ÍJ. M. Fernandes Guimarães & Co. j poridents, Portugal . . ?Porto and their Correspondent». and correspondents in Germany, (Banco Commercial de Lisboa, .Lisbon. and any other countries. Hamburo. IBanca Commercialc Italiana, Italy... . ' Gênova, Opens accounts current. j Milan, Turin. Messrs. Roesti & Co., Pays interest on deposits for a certain time. AND ANY OTHER CCUNTRY and correspondents in Italy Executes orders for purchases and sales of stocks, Opens acGOunts-current. ¦¦ ihares. etc, and transacts every description of banking Pays interest for a certain time ; executes orders The Bank of New York, N. B. A. for and sales of stocks, business. purchases shares etc, and transacts every description of banking business. New York. ¦¦¦ Petersen-Theü, ':¦ G. Henriot. fixed and :j\l - æ ' ' ' 'V Receives deposits at notice or for peiiods '¦,.'¦ æ ¦¦:-.*' Direcs. Manager. transacts every description of Banking business.
' *'. ' ¦ ^^^9*1^
August 15th, 1899. * M\ The Brazilian Review. III
DA REPUBLICA STEAM BRAZILIAN COAL BANCODO BRAZIL. PACIFIC NAVIGATION COMPANY. THE COMPANY, LIMITED. 'of ROYAL MAIL STEAMERS. Representatives DEPARTURES Realizei CdDital . . Rs. 103.616:400$000 FOR LIVERPOOL. CORY BROTHERS &, CO, L'D. Liguria August açth. of Carilff and London. N. B. This capital to be Orcana Sept. iath. Colliery Proprietors. These popular steamers are fitted with the electric reduced to Rs. 100.000:000$ in accordance with light and ali inodorn conveniences. Cuisine of highest Coal Depôts in ali the principal ports of the world. ordor. A constant and fresh supply of Cory's Merthyr Steam Government's Decree of 8th May 1897. For freight» apply to coal always in Stock. F. D. Machado. Prompt delivory at reasonable prices. No. Rua S. Pedro Tugboats service. FM .... RS. 16.787:304$006 4, ; always ready for and for passages and other information to Engineering Works. Profits m Snsoense... Rs. 10.384:820193b Wilson, Sons & Co, L'd. Agents. Repairs to Ships, Launches, Machinery, Lighters, etc, effected with the utmost possible dispatch. on 3oth June 1899. No./2, Rua S. Pedro. OFFICES: BdiQcio ia Bolsa, Salas 26 and 27* OFFICE IN RIO DE JANEIRO IVERPOOL, BRAZIL AND Entrance: Rua Gen. Câmara. 9, ma da Alfândega L RIVER PLATE STEAMERS. Agencies at Pará, Maranhão, Ceará, Pernambuco Depôt: ILHA DOS F Bahia, Victoria, Santos, Sao Paulo, Desterro. P. O. Box 774. Rio Grande do Sul, Porto Alegro & Pelotas. LAMPORT & HOLT LINE Draws on: PASSENGER SERVICE FOR NEW YORK MAIL Messrs. N. M. Rothschild & Sons. " 2nd. ROYALSTEAM PACKET London & County Banking Co Ld. Hevelius Sept. COMPANY. Messrs. Baring Brothers & Co Ld. Under contracts with the British and Bra~ zilian Governments for carrying the mails. LONDON. The steamer TABLE OF DEPARTURES. Messrs. Hottingfuer & Co. 1899 Comptoir National d'Escompto do Paris. Date Steamer Destination PARIS. sails on tha i7th. inst for Commerz und Diskonto &c Bank in Hamburg. IVew York. 1899 Aug. 21 Magdilena Montevidéo & Buenos Ayres. HAMBURG. calling at " 21 La Plata Santos, Montevldío & Buenos " Ayres. Banco de Portugal. =3 Thames Bahia, Pernambuco, Lisbon, Vigo, BAHIA & PERNAMBUCO Cherbourg & Southampton. LISBON. Sept. 4 Nile Montevidéo & Buenos Ayres. ." 6 .viagdalena Bahia, Pernambuco, Lisbon, Vigo, Opens accounts current: Taking ist and 3rd class passengers at moderate ratos. Cherbouig & Southampton. 181 Clyde Montevidéo & Buenos Aires. Pays Interest on Deposits for fixed periods. Surgeon and Stewardess carried. Executes orders for purchases and sales of stocks, shares etc, and transacts every description This Company will havo steamers from and to of banking business. Illuminated witli electric ligkt. England three times a month. Insurance, on freight shipped on these steamers, can be taken out at the Agency. For freight, other information is by way of England passages, and apply The voyage much quickerthan No. a. Rua General Câmara, Ist floor. without inconvenience of transfer. 7ILSON SONS & CO. and the C. J. Cazaly. w (LIMITED) Weekly cargo staamers for NEW YORK Supcrintendent. For freight apply to the Broker 2, RUA DE S. PEDRO, LLOYD, Wm. R. McNiven, RIO DE JANEIRO NORDDEUTSCHERBREMEN. 60, Rua 1.0 de Março.
For and further information apply to the Capital 80,000,000 Marks. AGENTS OF THE passages Agents: NORTON, MEGAW & Co. LI Departures from Riò de Janeiro on the ist Pacific Steam Navigation Company and 15th of each month to Shaw, Savill & Albion Co., Ld. 58, Rua 1.° de Março. Bahia, Antwerp and Bremen. The New Zealand Shipping Co.t Ld. Regular line of Steam Packets between The Howden Line of Steamers. Bremen — United States Brazil SOCIÉTÊ GÉNERALE River Plate Austrália.China, Japan Repairs to Ships and Machinery DE Transporta Maritimes á vapeur de Marsellle Passengers and cargo for ali ports of the differènt Having large workshops and efficient plant, are in a Unes accepted. position to uncbrtake repairs of ali descriptions to ships Passenger rates ist-cl. and machinery. DEPARTURES FOR EUROPE grd-al. Rio—Antwerp, Rotterdam, Bremen Marks "—Lisbon 400 X.9 France 20th,. August 350 " £•] Coal.— Wilson, Sons & Co., Limited, have depôts at For further information apply to St. Vincent, (Capo Verde), Montevidéo, La Plata and Béarn Sth. Sept. at the chisf Brazil porte ; and, among others, supply HERM, STOLTZ & CO., Agents. at Rio, for coal under contract, to: Rua da Alfândega, No. 63 Rio de Janeiro The Brazilian Government ; Marseilles, Barcelona, Genoa, and Naples. Her Britannic Majosty's Government ; Through fares to Paris lst class f. G73 The Transatlantic Steamship Companies ; gold do do 2nd f. 502 Tho Now Zealand Shipping Companies ; &c, Imws do do Srd f. 199 Through fares to Paris return lst class . . f. 1.109 Ooal.— Larga stocks of the best Cardiff steam Coal do do 2ud. f. 882 always kept in Rio depôt on Conceição Island. do do 3rd f. 364 VISCONDE DE ÜÜRO PRETO Marseilles, Genoa, Naples, 3rd class. .'¦,'-.Y. f. 125 45, Sua do Rosário. tug boats always rer.dy for service. Barcelona 3rd class f. 150 AFFONSO CarQo Lighters.— ditto. DR. CELSO agexts — KARL VALAflS & Co. Ballast supplicd te ships. ROBRIdüES Eçtabllshments : Wilson, Sons, & Co., Limited, London, RIO DE JANEIRO. 32 RUA DA ALFÂNDEGA DR. HORTA Cardiff, Vincent, Verde), Rio Bahia, St. (Cape SAO PAULO. 5 RIO DE JANEIRO Pernambuco, Santos, S. Paulo, Montevidéo, Buenos RUA MORENA CEZAR Aires, La Plats, Rosário & L?,s Palmas. SANTOS. 17 RUA 15 DE NOVEMBRO DR. BARBOSA DA SILVA ' ¦ ¦ ¦¦' mn^.m»'/m ..'¦:¦" 15th, 1899, Brazilian Review. [August IV The nauram* C. N. LEFEBVRE CHARLES HUE 23 COMMISSION MERCHANT 23, Rua da Candelária Ship Agent BRITISH AND MERCAN. Rio de Janeiro NORTHTILE INSURANCE Co. Ltd. AGENTS FOR RUA FRESCA 7 «3.959.969 7 Total íunds on 3xÜt Dec. 1898.. £ mWWk _A Authorized Capital stock of chandlery goods and Tools „ |'°°°»'" A large Subscribod Capital ,'75 also Ropes, chains and & Co. best always on hand Agents in Rio de Janeiro: PULLEN. SCHMIDT Canvass of qualities 107, Rua da Quitanda. LIPTON HE MANCHESTER B^A BLACK THOMAS J. T FIRE ASSURANCE Co, WÊÊ BOTTLE. LIPTON'S Teas, Hams, Fire Insurance Capital 2*22(?,Sq2 &%^wimrtww\ LIPTON'S Reserve 754.^82 B-^_^ BEl-l LIPTON'S Jains, LIPTON'S Pickles, General Agent, H. DAVID DE sa». LIPTON'S Groceries. 45 RUA DO OUVIDOR 9fíB*È 115, Rua da Quitanda. RIO DE JANEIRO t ¥&*?** I , { MARINE Ctapape Piper Heitòfc GENERAL ASSURANCE ALLIANCEAND \ty'J*/*^:Jm m^k ! From the' old firm Heidsick COMPANY LIMITED _l im _. tromcreni ' »„.l|l + ( IN 1785 OF € ^tDlSm.lERSCOMPAHYMl ¦ 0 . ESTABLISHED *¦ "Rlanelie, LONDON 4 EOIHBURGH. .«"«_| ¦ æ ' Oarte 1.000.000 Capital £ See, Brut Extra,. President, Lord Rothschild Marine risks on Specie and Merchandise accepted to RÜA DA QUITANDA 115 any port., 115 JOHN MOORE & Co. Agents. Bua da Candelária, 8 loteim ONDON AND LANCASHIRE (BLACK BOTTLE) L FIRE INSURANCE CO. SOOTOH WHISKY, Capital (fully subscribod) £ 2,127,500 The Fircest Scòtland Produce CARS0N'S HOTEL Reservo fund 676>355 "D.CL." Whisky is a delicious and Agents: EDWARD ASHWORTH &• Co. finely blended whisky of excellent flavour, RUA DO CATTETE, 158. ali the due stimu- No. 50, Rua 10 do Março. Rio de Janeiro. which, while maintaining lating of the spirit, has been No. 21 A. Rua da Quitanda. S. Paulo. properties mellowed by age into a perfectly wholesome Projrietor, carlo ribolzi upon and mild beverage. The large scale COMPANY blending of OYAL INSURANCE which the distilling and This well known house is situated in the most con- OF «"D.CÊ-." is carried out guarantees venient locality in Rio, within 20 minutes of the centre, R advantage, door every the 5 LIVERPOOL regularity in quality-a great and with the electric trams passing LONDON AND wbich whisky drinkers often miss in other minutes. Capital £ 2,000,000 brands. Beautiful and spacious garden, plentiful water supply, Funds . £ 9,244,903 baths and excellent hygienic arrangements. Accumulaled. " D.C.Ii." The Rhyme and Reason of for by British and other Insures against the risks of fire, houses, goods and "DistilIers"of the Has been patronized years "merchandise ? D. stands for Scòtland pride, as well as by most of the leading Bra- of every kind. "Company" world-wide, foreign visitors |C. for the whosefameis zilian families. & Co., agents .L. sígoüies "Limited" affixed to the name, John Moore carne. Sea Baths within 5 minutes walk. # •* And thafs how the title of" D.C.L."D.C.L No. 8, RUA DA CANDELÁRIA, No. 8 1 Mbderate terms and good attendance. JOSÉ WM & C 0. FRANCISCO MÜLLER & Co. Importers oi ali kinds of Cotton h Woollen Qoods DRY GOODS IMPORTERS COMMISSION & CONSIGNMENTS IS. 15 P. O. Box No. 126. Sole agents the State of São Paulo, for SÃO 3E»-A.XJX*0
ALSO FOR THB Société les Produits Céraiiw et Reíractoires ie Bonlogne snr Mer. AGENTS FOR THE Co. The Lexivia Phenixa of J. PICOT Magdeburg Fire Insurance SOCIETÁ CERÂMICA RICHARD GINORI
Proprietors of the eu BDUHD & Co. SALTO DO- ITÚ (São Paulo) Importers of COTTON WEAVINQ & SPINNINQ MILLS
SAO PAULO PARIS. DRY-G0ODS, SMAU 1ÁRES k SEWING-MAGHIHES LARGO DE SAO BENTO, 12 3|6, Rp D9£NGHI-K1I P. 0. Bos, 96. TôlegrapUe Address, DU0DECIM0. O. BOX NO. 167 P. Telegraphic Address : Telegraphic Address: WEISSOHN, São Paulo. WEISSOHN, Paris. SJLO 3PA.TJIaO ¦ "Xirty '¦ ^ •' ¦ **v"r'',"-aS ' V^xi *? \ a;F/T" August 15th, 1899.] The Brazilian Review. CALLS FOR TENDERS by comPetc;nt ^thorities and must be de- liveicdíS^1!11 within not more. \ethan FOR THE LK.VSE OF THE 48 hours. r'r 5*. Police íorces, when on service, :BJbi-aL<3kA.3srq>.A. chargehun of^nsoners public aud esrorts in ( Á.) will.be charged only So% of the tariff rates By order of the Inspector, and in agreement with"f tb* ir,c VII ructions of the governmínt under decree I hereby No Í o4 6 h inst' make public that proposals for the lease Ra lway m11 of the Bií^nÂ' be received at the offices of the State to 12 mendian on Trea u?v un the 21 September of the current veir in fare>P ^-UtÍOn bdpSSTl? ínl ment with the subjoiried stipulatiòns } ' g Sr^^r ^^ VIII The Traffic may not be interrupted lease will comprise : — -«,v,„.,, exceptin- in ca^eí r-^»--. °1 including Gpyéfnrnent orders as deSined actually in traffic ^tweeh the city of in ClausVvn Belém 7v\QJlne +vÜ1W^íhC VlllagC °f length.() . Jambuassú> I05 iaiometres> in IX °ffiCeS' St0rt'5' deP°s»s »* 1ÍnVVÍU be ^ected by an bélo^i^^üâfe Ãr buildings nominatccnomÍ^ff0n0fthe b) Government, engineer who will be allowed free éntrv into fiví and rollinS stock and material. d)Si £?1 he different •wnen ciesned. Phe . sections of the extension and branches alreadv fiscal engmeer will inspect the unes anrl in construction or to be construeted stations of (he railway whenever with their depende cies whenvhen he think fit M \v 11 be provida finished and in working order. "çpciiuenaes or trclli" ""d traction, free i^5 of expen^by lhe II °fÍheiease ***}1 befor the maximum vearlcn^lfrcounted from of ío (sixty) G°Vemment hand over to the lessee years the date of signature of the contract. y) invemoíyf-" ^ under °l StatG.°f Pará concedes interS6 S°?£—^ ^ a guarantee of 'V1 tlíe lines actuaÍly in traffic with their 6% °" 'he Capital aS«ed up°o„ for and™,i far*branches i' already extension foílowfng ob*cts;Í°f the in construction or to be construí ted Iv^h aS eaCh " C°mpleted and in conXS^Íbe a) Purchase of rolling stock. imó^X.11™0105' p* °f 5^neWaÍ Permanent way material inclusive of the substi- lhe ^ê material an^ rolling stock. u^JJtution of iron for wooden bridges. p!Í' V líí í-y Improvements of existing stations. d) Construction of a station at the port. b^^l^|Sp°|P^ - aípUancefa^Sg thG dfte the exPiration k Irã* -°f °f the aforesaid contract ali ríohts *e byoy tll^tXS^Xrne #>***•* "= brancíes wJrfed XI lessee will likewise expire and they will the-Sta-te rèvért to the With a11 the fixfd material and roUinastocí Period determined by the contract the withoutTni,°- mdemnisation2f or mv!™íma> guarantee a minimum Government payment of any kind. ô gross revenue per kilometre JII X7hepnever Pubjic order require it, the will be empowered government of the Staíe to temporarily occupy part or whole of the railway and its branches, for which an indemnitysSi be paid * COmmÍssion of «perts named by Sh pardes y XII The State cannot under any eircumstances rescind until 20 the lease stiPuIated in decree no. years after the signature of the respective conüact I TSnoAUneÍXpendÍtTe11890 will 863 of 16 October beregarded as constituting wórkiiW exoeüses 1 ofpetty cash expenses evSSl IV such as stamps rie&t fãrnl5 telegKlmS6 6 and taxes, and of the contribution fo^cSSSÓn. P" stock a*d—°p* XIII &%$>£$."*** »A££i ÍtCmS ^ CXpi'eSsly excluded expénás :f-0WÍng fr01^ working ÚIa co?clusion °f the lease the way, and»*A ?ndependencies, permanent workshops a) Fines and indemnisations. as also the fixed and rolling stock sh handedover to government ali in ^ Interest and amortisation of loans good state of preservation witnoutwithout c) mdemnisation or payment of any kind. crvdtlon Ali expenditure not approved by Government. Paragraph. The administration cannot without mission of express Der- XIV government alter the technical conditions of the C which must be such as will the traffic mdependently permit to be caniedon ÍmP~t, by government or its representatives, if requííed must^^i,^ rG^Sentt^o0^.^ XV The lessee must undertake to construct* within one vear a new The lessee is obliged to construrf- -i hr-mov. i;^-, + 1 • wSopí^l »£.* ^X Í|Í ^ ,líerC eSt£"?Ii1h a ^ -f*"» theanneceter;°abpH^Is ^ fofdiscf aCCOTdaMe wi* ««• condiíionf^bl VI P|?Pü^:n XVI ** 'heleaSed "" "^ be Sl'bjeCt t0 the vai oTco^ntênT W»- Whenever the receipts of the railwav itself are Pn„,i +„ Paragraph 1 The tariffs will be determined -old surpass the } ' in and the sum fixed in clause aS the mvúZt 2 schedule, which mil be organised by the lessee revenue, the gr°SS by and be approved government will be rèíiêvêd from ,L if ,1 Government shall be subject to revision every three bution toaards the " he lessees will be authorised ye^when guaranteed grosfre^enueTan"^" n ffw" to propose alterations aid re^se the r6CeiPtS ^ interest time tables with Government's approbation. byetheefi?íeansurye. Pa^lé wiil b^ VaVe gS Par. 2. The rates established by the revisèd on take tnriffc will XVII y eífect jS days after publication in the nals notice having been jou ànd posted at the different stations ofthe rS- Government reserves the rièlit way • up to that date the to imnnçn fíwkL "9-^«fV previous tariffs will contfnue È force to 1:000$ as also to annul the lease ih cS?^fW* 1 5°?$ .far. 3 Free will only traffic *f passages be conceded to emolovees without justifiable motives as weíl^ ín-vSS ^ - raÍ1Way' f°r the maÍk' and the of any clause of contract, mtraC"°n ^VcerpCs0 —ptXI the exce^ >"/l^«°,f XVIII branÇsafca^^^ accordance with the decree no. 455 of 16 July 1897. tended for the agricultural Goodfin- a gu^tS^S? settlements ( núcleos ) belon XIX At the expiration of the lease, or on the contract being can- LION & CO. celled, should the lines, buildings, workshops and fixed material renova- be not ali in good repair the amount necessary for their tion or repair will be deducted from the sums deposited at the Treasurv and the balance returned to the lessee. HAMBURG, SÃO PAULO & SANTOS Tn case the deposit were not sufficient to meet this expenditure, the lessee will be held responsible for the difference, which will be and the amount fixed judicially after due inspection and arbitration GENERAL IMPORTAIS & COMMISSION MERCIiANTS collected judicially. XX SPECIALITIES In case of any dispute arising between the government and lessee, the case will be submitted to arbitrators who will judge the Tubes, and decide without right of appeal on either side. Hardware, Iron & Steel in bars and sheets, Lubricating Oils, Fertilizers, Agricultural Implements. XXI Whenever the necessity of recurring to arbitration arise the Sole Agents for the State of São Paulo legal expenses will be paid by the párty against whom the deci- sion be given. FOE XXII The lessee cannot transfer his contract to any joint stock Com- CÔLIIMBlá B1CTCLI& without pany or in commandita, or associate a third party thereto censent of ; and if the lessee. reside the previous government Company, Hartford, Conn. U. S. A. abroad or outside the State he will, nevertheless, be subject to The Pope Manufacturing the laws of this State and the domicile of the lessing Company shall be established in this capital or it shall be, at least, repre- sentéd by agents with full powers to treat with the government of lOTST dte O the State and administrative or judicial authorities without neces- mandate for that sity of any special purpose. São Paulo : No. 3 Rua do Commercio, p. o. b. 44. XXIII Situtos : No. 34 Praça da Republica, p. o. b. 47. The lessee will have the right to expropriate, in accordance with existing regulations, the lands, buildings and material for cons- truetion and other private properties that may be necessary for the construction or maintenance of the permanent way, stations or other works, as well as the privileges and rights cpnferred pi* on railways in general by Union and State laws. SPECIALIST IN DISEASES OF THE EYES AND EARS XXIV The Government will afford to the lessees every lawful aid 15 YEARS PRACTICE and protection for the eníorcement of its tariffs and that their Suards and employees, requisite for the service oi the railway, be duly respected in their ofticial funetions. Es-chief clinicai assistant of Drs. Crittchet and Lawford, London XXV and Drs. Wecker and Panas, Paris. Ali those desirous of tendering must give proof of their suitabiliy and accompany their proposals with a cevtificate of deposit in the Treasury of the amount stipulated in clause XVIII as guarantee of the signature of the contract. Should the contract fail to be signed Consulting oculist of the Caixa de Soccorros D. Pedro V., within 3o days after publication of its acceptance the deposit will Head of the Eye departinent cf the Policlinica. be forfeited ir. favour of the coffers of the State. Late Chief oculist ofthe Hcspital cf Santa Misericórdia XXVI and of the Portuguese Beneficent Society of the order of Çarmel, and member of tne Scciety of Medicine The legal domicile for ali whether the lessee judicial quettions, and Surgery of Rio de Janeiro and of the be the plaintift or the aceused, will be the State of Pará. XXVII SOCIETÉ FRANÇAISE DE OPHTHALM0L0GIE The lessee is under the obligation to sign the contract within 3o days after acceptance of the tender. Tenders must be delivered to the Inspector and drawn up with ali the legal formalities. ing Room: Rua ao OiMlor 51 -*»*- Resilence: Senador Vergueiro 75, Rio Secretary of the Treasury ofthe State of Pará, io June 1899. OTHER SPECIALITIES Rayinundo Nonato Aranha Neves, acting secretary. Diseases of tlie Kose and Tliroat WM R. McNIVEN sworn ship-broker Will attend patients in any pari of S. Pau/o and South of Minas at inoderate chürg-es'. 60, RUA |.° DE MARÇO, 60 RIO DE JANEIRO Good accoinodatiou witli aücijiiatc service for treatment of patients COMPANHIA DE LQTERIRS HACIQHAES DO IL ¦ MU A NOTA DO OUVIJDOK 29 Caixa do Coi-reio N°. 41 Endereço Telegrahico-LOTEJUAS-RIO Contracto no Thesouro Nacional para as loterias da União de 3i de Dezembro de 1896. Extrações diárias RÜA CHILE 59—RIO DE JANEIRO >íj~'y '¦¦.-¦.<: August 15th, 1899. ] The Brazilian Review. vii T IVERÊOOL BRAZIL & RIVER PLATE STEAMERS. *F*. LION & Co. JL Agents, js. Harapsülre Sc Oo. Santos. Rua 15 de Novembro. SÃO PAULO & SANTOS P. O. Box 10. Sole agents for the State of Sao Paulo ¦pRINCE POCAHONTAS SMOKELESS STEAM COAL LINE Belmarço & Co. Agents. —^D~WES2^^ •¦ Analysis of Pocahontas Coal Rua do General Câmara, 96 Made by John Pattinson, F. I. C,, Post Office Box, x8x. F. Ç. S. Newcastle-on-Tyne: Santos.ão— Telegraphic Address, Princeline. Carbon . 86.51 per cent Hydrogen 4.44 *•> » Oxygen . 4'95 > » E. DELI/ACQUA & Co. Nitrogen. 0.66 » » Sulphur. 0.61 » IST- 4, _RTJ-A_ SETív_CI_tSr_A__RIO, 3ST. • Ash. . . 1.54 » » SÃO PAULO Water. . 1.29 » » 100.00 per cent Manufacturers of ali kinds of Cotton & Woollen clotüs, on tlie Italian and latest European systems. Calorific Power, — Pounds of water evaporated from MANUFACTURERS OF READY MADE CLOTHES POtAEONTAS. 212o Fah. by one pound of the TRADE MARK REGISTERBtíj coal,[as determined in Thomson's Factory in São Roque Calorimeter, 15.4 Ibs. This coal is of high Calorific Power, being in this respec equal to the best Welsh ííteam Coal, and SAO PAULO OFFICE Ss CENTRAL DEPOSIT IN BRAZIL is excellent coal for Steam raising purposes. 4, Rua Seminário, 4 P. O. BOX 125 Telegraphic Address — Vedetta —S. PAULO CASTNER, CURRAN & BULLITT SOLE EXPORTER8 POCAHONTAS COAL HEAD OFFICE : Busto Arsizio, ITALY MAIN OFFICE PHILADELPHIA PA BRANCHES : 2 Rua Montanha, BAHIA 35 Rua 15 de Novembro, CURITYBA BRANCH OFFICES 70 Kilby St. Boston 1 Broadway New-York Factory also in Buenos-Ayres Citizens Bank Bldg. Norfolk, Va. Old Colony Bldg. Chicago. Neave Bldg. Deposit Office—CALLE VICTORIA 1147 Cincinnati. Terry Bldg. Roanoke. European _4_g-eiits Hull, _Blyt_i «fc Oo, 4 Fenchurch Ave. London E. C. SOTTO MAIOR, BARBOSA & CO. sotjtdeh: ____:i^E:RiO-^_xr office Calle Reconquista, 399 Impòrters of -OTT-ES-NTOSi _â_.^_r-FL-E_SS Hardware, Medicai Stores, Building Materials, Salt, The Rio.de Janeiro Kneipp Instituto Iron and General Impòrters CimVELLO 44 RUA DO COMMERCIO 46 SANTA THEREZA * Under the Direction of Dr. F. Catão, M. D. Spe.cialist. Consulta- São Paulo ions and applications at any hour in the day excepting Saturdays. Teleg. Address: "SOTTOBAR" S. Paulo. Treatinent with or without Board and Lodging, as desired. P. O. Box. 157. Enquiries to be aclcíressed to the Proprietor Dr. F. Gatão Medicinal Plants, Tisanes, Oils, Ointments, etc., He Brazilian Contracts Corporation, We». prescribed by tho Kneipp System, always in stock. * Sede social:'8, GREAT WINCHESTER STREET, Londres. Agencia no Rio de Janeiro: RUA DO HOSPÍCIO, 49, Io andar. Mechanicai^ Hydraulic^ k Electrical Ingixíeers* ê Impòrters of Hcrth American Machinery Endereço tclegraphico—BRAZILIAN, RIO k manufactures* Executa contractos e fornece, material para estradas de ferro, abastecimento d'agua e encanamentos do gaz, edifícios e quaesquer outras obras ; vende e importa machinas o utensílios para lavoura ou qualquer ramo de Bepresentatwes in Brazil of: industria ; importa toda o qualquer mercadoria de qualquer gênero Sole que seja ; construo navios, lanchas, chatas, rebocadores, etc. exporta o accoita gêneros do em consignação. paiz '-Wla.eol Todas as communicaqdes devem ser endereçadas à Felton TJST.èi-t&jr Oo> -VloI-aíOiSli ^©jraaa.cíta.-r c&5 Oo- THE BRAZILIAN CONTRACTS CORPORATION, Limited. ~%Jçr 15th, 1899. VIII The Brazilian Review. [August office in town CERVEJARIA TEÜTONIA . deposit ^ua do Irradio Ho. 50 Rua da AI.and.ga Ho. (teutonia BREWERY) -_ F. C. B. preisa.Hà«.*ierd,]Oo. ., Mendes, E. led regards climate and ot the *ater This we-ll-known Factorv"is is situated ab Lhe Oe»t of the Coast range in un ;unrival situation as purity collected in vast reservou', on the property of the Company and conducted, puro and crystalhne, in pipes to the utiili«ed for Rrewin" This the market. Brewéry The situation and condition under which this beer is bl-ewed: guarantee its being the best and pu.est in MANUFACTURING Co. Ld. T ,-DGERWOOD PROFESSOR OF MASSAGE of machinery Nakers& Importers of all kinds (Swedish method) Caixa do correio 84. — SÃO PAULO from __.elp_.ic Seliool of Modicine Telegraphic Address " Lidgenvood"— SAO PAULO.. EUA PARIA 11. 2 D. — Rio de Janeiro. EMPREZA BRASILEIRA DE VIAGENS Paris, 15 Rue cTHauteville TRIPS TO TI PARIS IHIBITM i 1900 • y ¦¦» -° 'A This company undertakes to provide its clients with: i. 8- . .flflflfl First Class return tickets valid for 12 months for Use of the hotel carriages during one day, free oi*. French ports in steamers touching at the ports of Rio cost to visit the sights of Paris. de Janeiro, Bahia and Pernambuco. 9. 2. An insurance policy of 10,000 fes. against accidents . ,Eirst class tickets on the railway connecting the port during the stay in Paris. of arrival with Paris. 10. •-) o. A bônus of 20 fes. of the Exhibition Lottery distri- buting sundry including one of fes. 500,000. Free transport of passengers from the railway station prizes to the hotel on their arrival and from the hotel to the 11. % % station on their departure. Right to a reduetion of 25 % in all spectacles within^ 4 and 5. the Exhibition grourids and also on all French Railwaysp; Board and lodging in first class hotéis during their 12. síay in Paris extended over 21 days and 20 nights. Participation in ten monthly drawings by which */g o/0 6. or 2 of the total, number of subscribers will be relieved from further monthly payments. In this man- Free entrance to the Exhibition ( 20 tickets ). ner the owner of the first number drawn will make the . trip at a cost of only fes. 200 with all the privileges and 7. advantages already enumerated; the owner of the •,^y4-Coupon which gives right toa rebate on purchases second will have paid only 400 fes., the third fcg/SW*/ íii several large lst class stores in Paris. and so* mon consecutively. Ali mmm AATutagesm i| ü Mi | ppal fa. í_ numlUy liàkài o! M is. or exclusive of right to a ticket íii the Exhibition lottery and the monthly drawings referred to in clauses 10, 11 and Í2 by a single cash payment of i,oeo frasies 3F»o>:_* Ii-P-r,0)Si33(©ot;-ís__.£2_! s&__lc3_ nOsíails s&^pjpXy to 1 rn mm / V lae:jyr JL\j T Co. General Agents and G-uaranteers of the Gompâny OT_rV3DQ<_*_El, ^ ©©. Rio de Janeiro — Imprensa Nacional. '¦•¦"' ' ' "tv ".'.'¦'" '¦•}' '¦'' '¦ ''¦•¦'.'*'' '•'¦¦¦¦¦ ' ,¦¦'•¦ •/'-/¦' ¦, Ai ;¦ .'•¦'-':/¦' ,¦ ¦ '¦ 'i?i ' ¦¦¦'.•~':*'i ¦ • ~—, " _i_ T^ ,".; !T7T" ¦, .- ' '•"¦¦ "'-':' :>¦'¦.''!'," *'*v»' . ¦'" ' -¦•'¦'.¦ W . , August 15th, 1899.] The Brazilian Review. 531 ai no doubt that they will take away with them a lasting memory of ¦ countries," but would be a virtual defeat for the new diplomacy, on barreis. For ten months of the current fiscal year the export was which Americans so greatly rely to improve their in the at the rate of 8*0,000 barreis in twelve months. position The fact world's markets. Abandoning the old bhat our imports from Brazil are very large is offered rut of routine, the present as a reason why Brazil should American minister give us some special advantages on has made it his business to acquaint himself not our exports. The United States certainly is an extremely valuable market for only with Brazilian business methods but with Brazilians themselves Brazil and our Government is pistified in using this as a means of the best trade for and, it must be admitted, has about ¦ia getting possible our people. But the truth gone it with an energy quite that our imports from Brazil are very large because she is the unusual in the chiei source of nohchalant diplomatic world, which generally seems supply for coflea and rubber. One is a food which we put on f)\xv free list out of regard for our own to wake up only when there is something disagreeable to be people. and the done. other is a raw material which we put on the free list in the inte- It is pprfectly comprehensible that such innovations should be rest oí our manufactures. Tn a considerable extent we have to •coldly these things from get received in diplomatic circles and that Brazil or go without, while the imports into Brazil Minister Bryan's consist in of those manufactured withdrawal at the * great part goods which. according present juncture will be utilised in the future t the testimony of our own manufacturers. can be made much more cheaply in Europe to point a moral and adorn many a diplomatic tale. On every than in the United States. We buy coffee and rubber from Brazil aud for it by shipping we trust that Mr. Bryan may, pay food produets. and of ground if he ever intended to leave late manufactured goods also, to Europe. us, be induced to reconsider his resolution. ARGENTINE TRADE WITH BRAZIL SOURCES OF BRAZIL'3 WHEAT SUPPLY FOR THE IIALF-YEAR ENDING JUXE 30, IN GOLD PESOS « (FROM TIIE WEEKLY JOURNAL O** COMMERCE », JULY 10) IS99 1898 1897 The complaint of Baltimore merchants laid before Mr Kasson Imports from Brazil 2.22i.3oo 2.493.410 i.826.So3 our Reciprocity Commissioner, would give a hasty reader the im- Exports to ,, 3.261.816 3.057.577 5.675.423 pression that Brazil was discriniinating against us and in favor of Argentina that is not actually yet charged and we do not. understand Whilst imports from Brazil show that it is.the case. We are in driving a shrinkage of 19 % compared justilied as good a bar«ain with with Brazil as we possibly can, but we are not in malinff 1898, exports to Brazil have increased 6.6 u/0 and the unfa- any misrepresentations. justilied Of course Brazil knowsher own tariff per! vourable balance of further increased to fectly well, and we can deceive no one but $564.167 gold $1.040.516 ourselves. or about £ 200,000. Baltimore was long tlie home port of clipper ships sailino- to South American ports. She has not entirely ceased to be but we AMERICAN TRADE published a few days ago-the statistics of exports from this country WITH BRAZIL to the River Plate by steam and sail, showing •steam how very rapidlv FOl>. THE MONTHS OF M.VY 1898 AND 1899 was supplant.ing sail in this traílic. Baltimore*s expTànation oí her dimimshing trade with Brazil, which is due to lhe Specified exports to Brazil as the monthly same causes and partly per summary of the partly to another one which will be mèntiòhed pre- Bureau of Statistics sently, is attnbuted to the fact that American flour exported to Brazil is subjected toa duty and has to compete with flour made there from wheat which entsrs from Argentina free of duty. The implication is MAY that our grain, or its product, is subjected to a duty from which INC. on DEC. Argentine grain is exempt, yet this is not stated and is not true Quintities VALUES in Value for Our wheat enters Brazil free, and we have saen no the month statement that 1S98 1S90 ísy? flour from Argentina comes in free ; evidently it does not, for the. Dollars Dollars flour that ours compjtes with is not importei from Argentina • it is ground in Brazil from Argentina wheat. ' Provisions: The obvious fact is that Argentina lies adjacenfc to Brazil, while Canned-meats Ibs, 5.600 10.SS1 601 782 the United States is 5,000 miles Salted meats. . ,, l.*00 89 away, and that within a few years Tallow Argentina has developed into a large exporter 10 .O.M 3'i.S40 510 1.S9S of wheat. Her c.-ops Bacon...... 255 650 22.5. 14 19.871 14.120 have fluctuated greatly, but when she has had a crop she has Ilains , 2- 226 • been good 2.020 274 276 a serious competitor of ours in England. If we feel tha compet- Pork fresli & pickled 20 .OCO 800 1.400 40 ition of Argentina in London is it at ali likely that we can hold Lard , 812 .057 1.748.701 60.321 111 .0IS the market of Rio de Janeiro against her ? As soon as Ar^en- Butter i 75 .646 170.120 9.S93 21 ,195 tina became a considerable exportar of wheat, mills were erectedin Cheese. Brazil and much of the wheat required Total was imported from the Provisions .1 1.181.273 2.ÍJÍ .S7(5 92.870 149.418 + 60. % neighboring country instead of from the distant United States. We have a considerable Agricultural I m le- flour export to Brazil: it has under^onè no great p changes in the dozen but Argentine inents 195 707 past years ; wheat°is cheap and Books, Maps & Prin- close at hand, and we cannot expect Brazil to her main get supplv ted matter . . . . . 1.087 2.752 from this country. Wheat Flour (barreis) 37.407 03.641 229.762 234.3iS + 15.1 % From 1889 to 1892, inclusive, we exported considerable quantities Carriages, cars & other of wheat to Brazil; in 1890 vehicles & . . •three-quariers the quantity was about a miilion and parts 23.381 1.05S bushels ; in the other years it was very much less. Cycles S.612 3.407 From 1893 to 1897, inclusive, tbe wheat export Clocks & watches. . . 1.130 6.2 1897. 692,893 American export trade with Brazil 1898 during the month oí 564,861 May shows a decided spurt, 1899 . , ...... 683,731 the increase of value compared with the same month last year being u.i %. As will be observed the The last figures are at the rate of 820,000 barreis for the whole only important articles that fiscal, year. In the past twelve years this has been exceedel only show a shrinkage are Naval stores, four times. Under the reciprocity agreement the duty on our flour Mineral oils and Lumber. Wheat flour increased, without any was reduced. benefit The of this is approximately shown—there are reciprocity 15.1 and cotton always- some complicating conditions, such as the varying %., goods 34.6 % against a positive on premium deerease gold in Buenos Ayres — by the fact that in 1892-3-4 our average of* those from nearly every other country, especially Great export; af-flour was 892.000 barreis: and in.1895-6-7 it was 811,000 Britain. August 15íh, 1899. 534 The Brazilian Review. r fer EDITION Àogrèffatè decrease in value of exports to this country 56TH to only i3.7 % as against the months ending 3i May amounts OP 5 same a decrease of 17.6 % in those from Great Britain for the In view of such results we cannot see that American AI.MANAK period. we can trade has much to complain of. We buy as much ás afford and increase our from the United States propor- I.AEM1IERT purchases wmfírKvawKtoam tionately more than from most other countries. OR The increase of exports of cotton cloth is particularly notice- able considering the congested state of these markets. Directory of the City of __=L±o d.© «r^xxoisro for 1889 of the Secretary of Agriculture ofthe State of Report A statistica/j commercial and ádmiiiistrative guide to the S. Paulo for 1898. Rcferring to the crisis through which coffee that at bottom industry is at present passing, Dr. Guedes remarks FEDERAL CAPITAL it is the result of the heavy charges that burden estates purchased he belieyes, lie at fancy prices in the boom. The remedies, and States of the BRAZILIAN REPUBLIC reduction of railway in better organisation of rural credit ; WITH AN of export duties on coffee and reduction freights ; suppression Business Houses, Kanufacturers,. of any one of Alphabetical list of the principal Residents, of import duties and sensibly adds that the realisation Banks, Joint Stock Companies etc, these exacts measures beyond the ability of the State under present circumstances. Agent: aug. siegle Vine cultura does not seem to have progressed very much, ;íO, LIME STREET, X.0ISI30]>í e. o. of the choice of unsui- príncipally, it is believed, in consequence table varities. table shows the exports to different countries in Wheat. Experimente have been made with regai d to wheat The following 1895/98, the very small increase of exports to the United culture with very fair results. An hectare of land sown with wheat the years — where there are no duties on coffee, compared with that to> in each of the subjoined íocalities gave the following results: States, other countries being remarkable. PRODUCTION V «¦¦¦¦;¦£ LOCAL1TY Litreü Kilos £ Sa'!cs . 554 to í-537 430 to 1,235 Colony Campos 1S95 .... 2,927,152 .... 307,243 ª Bom Sticeessó. . 3,179 2.358 3,o83,973 1896 -4y 15.5 2,995,550 -{- 2.3 381,754 4- 24.2- ª Sabanna .... 733 556 3.564,221 1897 -j- 32.o 428,896 ª Piaguhy 433 to i,250 300 5:305,386 + 48.8 3,954,214 + i2-3 .... 1898 — — 6.5 398,806 — 7.0 ª Pariquira - Assa 250 to 1,200 300 5,032,231 5.1 3,695,780 Since 1895 the increase was 19.7% for Europe, 9.2% United The best results, therefore, were at " Bom Successo" and States and 9.8% to sundry countries. In 1896/7 Brazilian entries " Salles " which compare very favourably with the of Campos yield in Europe and the United States represented 62.4% of the whole in Portugal, 2,400 Füssia, 1,650 France, 1,710 900 litres per hectare and 63.9% *n 1897/8. Total entries were estimated in 1897/8 at Áustria. 968,63o tons and deliveries at only 885,034. Whilst entries in- however, is not to be resolved in so simple a The problem, creased 14;.; 1% on an average during the last five years, deliveries manner and until wheat has been cultivated consecutively for some grew only 9.1% during the same time. As Dr. Guedes remarks, no it is impossible to say whether it is really likely to sueceed. years further argument is required to explain the fali of prices. Our own impression is that it will not be of much value except for Banking Movement. An interesting synopsis is given ofthe local consumption as the soil is too poor in lime. At the same banking movement of S. Paulo by which it appears that there are time there is no reason why every circumscription should not raise local Banks with a capital of 63.084,600$ equivalent at what it requires for its own use instead of importing at heavy cost thirteen current exchange, 8d, to £ 2,102,820 with an aggregate revenue of from Argentina and other countries. i3.9575552$ or £ 465,252. There are also four branches of foreign Mining. In former times gold was mined or rather washed in Banks, the London & Brazilian, Brazilianische fur Deutschland, the districts of Ribeirão, Iguape, Ypiranga and Apiahy, as also on the Banque Française du Brésil and British Bank of S. America, the Serra of Paranapiacaba, Una, Itapecerica, Mantiqueira and at Par- capital of which is not stated. Ali these 17 Banks discounted toge- nahyba, Juquery, Conceição dos Guanilhos, Mogy das Cruzes, Santa ther 169.389:598$ during the year, of which only 48.336:425$,. Serra Negra, Amparo Isabel, Patrocinio, Camandocaia, Socurú, and or about 1/4Ü1 part, was done by the foreign Banks, the giant share Rio Pardo. The discovery of alluvial deposit ores over so large falling to the Banco do Commercio e Industria with 48.271:507$. an área points unmistakeably to the existence of reefs somewhere On 3i December the total cash held by ali the Banks amounted to worth in the neighbourhood. Hitherto no prospecting the name 49.969:891$, of which 19.718:671$ was held by the four foreign has been attempted and reef mining is yet a possibility of the Banks. Of the foreign Banks the one that did most discount busi- future. ness was the Brazilianische fur Deutschland with 22.563-305$, se-- Galena has been found at Ypiranga with a little silver and álso cor.d only to the Commercio e Industria. iron and manganese but not in very large or paying quantities. , Aggregate deposits amounted to 118.137:098$, of which the' Coffee. The severily of the crisis through which the Coffee foreign Banks held 37.947:831$. The following dividends were for the half ending 3i December on up> Industry is passing may be estimated by some of the figures given distributed year 1898 paid in this report. In 1S95 shipments of coffee at Santos amounted to capital, Banco do Commercio e Industria at the rate of 21.7',,; de São Paulo 3.5% Credito Real de S. Paulo 3,354,636 bags yielding, at 90^600 per bag of 60 kilos. 222.055:457$ União ; (mortgage) Banco deS. Paulo at the rate of Commercial Paulista: 1 equivalent, at the exchange of g à, to £9,160,703. In 1896 4.9%; 90; the r ite of Mercantil de Santos Banco União de São the production rose to 4/156,367 bags and value to the maximum at .3.9%; 5% ; of 3121719:901$ equivalent to £11,750,203. This enormous in- Carlos do Pinhal 13.8%; Banco de Ribeirão Preto 11.8;'„. . crease of production resulted naturally in a fali of prices, so that The annual dividend distributed by the Banco do Commercio 1898 with the largest shipments on record, e industria has for some years been at the rate of 25v„ per annum; in 5,803,434 bags, the ' total yield did not exceed 273.764:992$ equivalent in sterling to tlie business of this Bank is alm::st entirely discount .in contrast .)f foreign Banks which deal exchange. only £ 8,2i3,o32, prices having fallen from an average of 90^600 with that the chiefly in in 1895, equivalent to £3. 14S. 7d. per bag, to 48$ and £ 1. 8s*- Riãlways. The total length of railways in traffic in ali the states , 9d. in 1898. of Brazil in 1897 was 14^69 kilometres equal to 8793.1 miles. Of.' August 15th, 1899.] The Brazilian Review. 535 these 3,io5 kilometres or 1940.6 miles were in the State ofSão Whilst merchants complain of shipping rings and monopolies, Paulo equal to 1,725 metres of line, or 1.08 mile, to each 1000 which amongst them is unwilling to combine to keep up prices inhabitants. in England, if even to do so they must sell more cheaply abroad ? RAILWAY FINANCIAL MOVEMENT IN 1898 Of the trades unions, that also voiced their complaints, which is the trade that would not strike to morrow, heedless of conse- quences and whether, thereby, prices were driven up and trade driven away from the Country ? bl « 9 M ® ">S And if on these terms shippers likewise combine to do the 03 best they can for themselves, where is the difference ? In what degree do they more than others injure the common weal or S. Paulo R'y, 21 636:819$ 10.3X2:038$ 4- 11.324:781$ 47.6 more ofTend against the true principies, not of free trade only, but of Paulista R'y: freedom and independence themselves ? Wide gáugs; main üne. . . 14.237:383$ 5.687:478$ -- 8.549:904$ 39-9 Rio Claro, Branch lina . . 7.295:0x3$ 3.300:149$ -- 3*994:864$ 42.4 If, too, the right of combination be admitted and counter-com- S. Rita Branch lini. . . . 169:017$ 164:376$ 4:641$ 97.2 bination be counselled Descr.lvaclense Branch line 59:022$ 59:5XO$ ² 488$ 100.8 as the only corrective, how is it possible to River trafiic 277:046$ 84.8 314:70.1$ + 1 37:661$ object to the combination of foreign producers who, by taxing 22.075:139$ 9.488:556$ M. S86:5S3jg 42.9 + themselves, undertake to sell their surplus production abroad at a Mogyana R'y: loss, making up for it by keeping prices up at home, exactly as Main line 13.320:729$ 7.623:1X3$ 5.697:616$ 57.2 our shipping rings are doing with their freights ? Rio Grancb & Caldas . . . 2.449:013$ x 985:487$ t 463:525$ Si.7 Catalão 700:404$ 1.279:933$ 599:528$ 182.7 That Governments enter into the combination directly or 16.470:146$ IO-878:533$ -\- 5.591:6x2$ 66 o indirectly is of little moment. lndirectly every Government must in Sorocabana R'y: participate every legitimate deal by the relative security and Sorocabana and Ituana. . . 7.924:597$ 4.088:189$ 3.836:408$ 5i-5 exemption it affords to capital and labour. If on the one hand Itararé Branch 148:339^ 125:083$ 23:256$ 84.3 European Tibàgy ,, 375:127$ 309:799$ 65:327$ 82.5 Governments have favoured certain industries by giving River traffic 84:887$ 148:597$ — 63:710$ 175.5 _ bounties to exports, have they not. on the other hand, most -|-~ 8.532:950$ 4.571:668$ 37861:282$ 54-7 grievously hindered them ali by exactions for military service; and is not the freedom from such Bragantina Railway. . . 389:146$ 372:100$ 17:345$ 95- corvee a true bounty to each Itatibense ,, . . . 199:597$ 135:169$ 64:428$ 67, and ali of our own and colonial industries ? Campineiro ,, . . . 306:649$ 302:790$ 3:858$ 98, Rio e S. Paulo Railway. . 83:932$ 83:016$ 915$ 98 If combination be equitable at home, it must be equitable Bananalonse ., . 61:383$ 78:366$ 13:983$ X2X, abroad. How is it to S. Amaro Steam Tramway, 112:247$ 109:275$ 2:971$ 97-4 possible pretend that índia should impose Santos—S. Vicente ditto. . 232:835$ 160:510$ í 7i:775$ 69.x countervailing duties upon sugar to upset the combination of the individual and collective German and Austrian, unless we admit There are moreover 419 kiiometres or 262 miles of line in the right of ali such countries to impose differential taxation on or construction and 1,821 kilometres i,i38 miles contracted for, our shipping, which, through.a combination more powerful than exclusive of tbe duplication of the S. Paulo R'y. any Governmenfs, deliberately attempts to cut down rates abroad This volume is accompanied by two interesting maps showing and ruin foreign shipping, recouping itself by high rates at the área already triangulated by the geographical and geological home ? survey under Orville Derby which when completed will be the first The situation of shipping rings in England and Sugar rings of the kind in S. America. The área triangulated up to the close of on the continent is identical; and yet we observe that the very 1898 extended from Guaratinguetá to S. Sebastião, Santos and then Government that maintains the impossibility and impropriety of to Piracicaba, S. Simão, Poço das Caldas, S. José de Toledo and intervening in one instance, insists that the other must be combated back to S. Bento and Cachoeira. anddestoyed. Jf in retaliation we see ali European countries turn How absorbing an interest the rate of exchange must have for round and treat British shipping in the same spirit, however foolish every one in Brazil will be comprehended by householders when and ill advised such action might be, it could scarcely be they hear that whilst in the month of May 1898 the price per kilo- surprising. litre of gas at S. Paulo was 816 reis, in November oi the same The fact that two such opinions, or rather, practices so diame- year it had fallen to 540 reis, or nearly half. trically opposed could be advocated by one and the same Govern- ment and by protectionist and free trader respectively, seems to point not so much the existence or of any school, PROTECTION AND FREE TRADE prevalence particular but to a confusion of ideas that makes any real comprehension As straws show the way the wirid blows so the late debate in of the true issue difficult, if not impossible. the House of Commons on the Indian sugar duties and the argu- The issue that has to be fought out to the bitter end, the ments of the deputation that petitioned the President of the Board issue on which the future of our country, moral and material, 'Rings' of Trade for action against Shipping unerringly in- depends, is not whether free trade or protection shall predominate, dicate the direction that opinion is taking at home and the but whether freedom itself shall survive, or individual action gradual abandonment of tlie Free-trade principies that made and enterprise is to be checked and destroyed by official reslraints not only England but the great British Empire united and prós- on every side and industries smothered in the indistinguishable perous as no other country. mediocrity of a collectivism such as the world has never yet This the latest development of a disease that for some' time seen. past has been evidently undermining British energy and inde- Commencing with the joint-stock company movement the indir pendence, is, after ali, but a symptom and not the disease itself, viduality of Englishmen has gradually dwindled and, with it, their as the very abuse which it pretends to combat indicates. Trusts, moral and intellectual superiority and inception. As great com- rings, monopolies and company mania are but symptoms ofdecadent panies have replaced individual effort, invention has declined until energy and self confidence. Individualism has for long been giving modem mechanical science no longer finds its head quarters in way to collectivism and the National character suífering the pro- England, but in America, Germany or Switzerland. In applied foúnd modification that must, ií continued, in a few years destroy the science, too, we must look to others for the methods we have been great, the only real superiority of the English race. Step by step unable to evolve, and only in the branches of learning untouched the dõwnwavd path is traceable and must culminate, unless by combination and monopoly have we not only held our own but checked in time, in the same moral and physical stagnation as in surpassed ali other competitors. France, tbe decay and decomposition of a great Nation. It is not the genius that is failing the race, but the race which Situated at a great distance from the scene of action, able to is denying its genius, tying it hand and foot at the juggernaüt of observe without passion events as. 1. they sueceed and analyse the monopolist. and' thé -seems the impassioned arguments of one side other, it If governments. which are the outeome of the people tnemselves clear to, us that even the advocates of . tlie doefrine of Free can do nothing; if the leaders of the people • seeking their own ends tradé have lost the real comprehension. of! economical truth, whilst only plunge their country deeper and deeper into the moral mire, endeavouring to erect into dogmas the útteráiicesor teachingsof where then can the remedy be sought except in the people thems- "'¦? byegone" masters.•!• ,¦'..-. ..: ¦ >-j, '¦• - eives ? Who sick some day of endless combinations that reduce ¦ ¦ Í--....V ;.-'\54{-flíJ!l«ÍS: ' ' ' ! /.";•"•¦"' 536 The Brazilian ReviW. [August 15 th, 1899; opened with the banks drawing at S 1/8 and offering to helpless machines, will overset the wliòle The market them more and more to buy ab 83/16, but with money in the street at 8 5/32. After a artificial edifice by a counter-combination more powerful than ali. temporary íirmness that carried bank rates to 8 5/32 and private to rates fell again and the market closed dull with the bánks It is to the lower strata of society that we must look for salva- 8 7/32, drawing at 8 5/32 and money for prompt paper at 8 3/16 to 8 7/32. tion when the upper are so corrupted by selfish indulgence as to Friday, 11. Holiday. unable to distinguish between right and wrong, between good be Ali tlií? Banks opened with the counter rate of we, situáted at a Saturday, 12. and bad. And it is because the evolution that 8 1/8 which the German and the English Banks reduced in the course distance, can unmistakeably trace in the once noblest of ali characters, of lhe day to 8 1/16. at under conditions the fell disease, that it seems to The market opened with business done 8 5/32 the English, is but a syniptom of 1/8, being at 8 5/32; some • and freely' at 8 private paper quoted us so little important whether so-callecl free-trade or protection business being realised at 8 3/16. After sundry oscillations the market freely at 8 3/32 and buyers of so long as the end of one and the other is the same, the closed quiet with the banks drawing prevail prompt bills oífering 8 5/32 and 8 3/16, the latter being considerecl subjection and enslàvement of the people, and nothing is attempted as the rate for transactions. to check the disease itself. P. W; J. Extrames during the week ending August llth were 8 l/S — 8 5/32 for 90 d/s Bank paper and 8 5/32—8 3/10 for private. The averaçe Bank-counter 90 d/s drawing rate for the week comes out :it 8 1/8, the corresponding sighb rate bein? 8 1/16 against 8 9/64 d, the average sight rate of the Câmara Syndical. ->OÉ9;@âG^— The average depreciation for the week calculated on the basis of T.SIMON E.T.Simon the Banks* sighb rate is 70.07% and the premium On gold 234.83% against 70.07% and 2Í4.24% last week. At these rates: — EUA 11 DE JUNHO Santos was worth 295767 against 20S720 lasb week " shilling .... 1$I83 1*485 M 1» CABLE ADDRESS: " SIMON — Santos. W penny i» 8124 $124 1» 1» L Franc ..... 1SIS3 15181 '» P. O. Box, 209 — Telephone, 52. 1» Mark 18-160 1$458 II »» U. S. Dollar . 63131 M 6&H9 11 Eis. 20&000 coin 6í5?976 il >» » H. E. Hime. FOREIGX EXCHANGE ON LONDON AND PREMIUM ON GOl.D Paris Berlin Genoa Lisbon Madrid B. Ayres J. C. de Figueiredo. % % iuüust 5 . . . . 20.25 1/2 25.21 7.67 3Í 1/2 ² 117.M) » 7 . . . . — — 7.62 ² 23.70 119.70 » 9 !.'..' .* — 25.24 1/2 — 21.35 116.50 H. R. Beans. ,> 10 ... . — — 7.02 35 1/2 118.50 > 11 .... — — ² ² — The Bank of England and open market rates still continue unaltered 14, RÜA DA CANDELÁRIA at 3 1/2 %. THE MONEY OUTLOOK Cable Address: HAROLD The more favourable news from South África and the indications HIO DE JANEIRO. of our Government being satisfied with the concessions made by the Transvaal have brought an easier feeling in the Money market. Caixa do Correio 231, Telephone 14 Early in the week it was difficult to place bills anywhere ontsidethe Bank of England, Avhich did a large business at 3 1/2 per cent. The rate for thre? months' bills in the open market on Monday was as high as 3 3/4 per cent,, and there was a very general expecbation that the Bank rate would be further"Wednesday raised on Thursday. The relax- ottfg mui ¦stion ofthe political tension on and Thursday removed glvrn Jltarlid the immediate necessity for an advance in the rate, and made the banks . and the market generally work more freely than they have done for some time, and three and four month's bills were consequently taken low QUOTATIONS DURING THE WEEK. ENDING AUGUST Llth i&qq . by the brokers as as 3 3/8, and six months' bills at 3 1/2 per WERE AS FOLL O WS: ; cent.., while the banks were willing to take short bills at. 3 3/3 per cent. Statist, July 22. (COMPILED, BY PHRMISSION, FROM THE FIGURES GIVEN DAILY IN THB JORNAL DO COMMERCIO) COMPARATIVE VALUE OF COFFEE EXPORTED IN 1893 AND 1899 Maxiinmn and Minimum Uank Counter Drawing Rates OFFICIAL RATES WEEK ENDING AUGUST + CROP TO AUGUST 11 90 d/s SIGHT 90 d/s SIGHT Aygust, \é .;;/*¦-:...'¦;•;¦'¦¦¦ : v- Value N. 6D a a N. ofbags of bags Value fèyí£* a a o a- >» o •a 3 ¦oo a -3 rt a si e o d I o e <4 a o O, s 0. a. 3 J a o 1893 1S99 1898 1S99 1898/9 1899/900 1898/9 1S9P/900 a 7. S 1/3 1.170 1.414 1.12) 498 «. 5 180 8 5/32 1 169 1.413 8 9/61 1.171 1.440 1.U4 0.072 Sat. 8 5/32 1.17Í Í.Í5J 1.113 5JD 6.1<)5 .C £ I Rio . . 613993 6!).5í6 95.370 97,252 3t'i.f47 394,300 475;254 561.3*5 1.170 1.419 8 1/8 1.120 493 ri. 181 8 5/32 1.413 8 9/61,1.171 1.446,1.111 tantos. 140;.03'7 i;VV.S43 l78.4S:.riSSV04D 527.801 (573/196 342.40S U49.79J Mon. 7 1.17Í 1.453 1.143 r)D0,0.195 1.109 6.072 Total. 172.033 204.379 273.853 283.207 812.3í8 1.067.793 1.317.632 1.511.184 Tiíer 8 Ho li day l 1. 449 8 l/S 170 t.120 198 6 180 1.413 8 9/64 1.171 1.4 lá W>d. 9 U 1.7-1 l;45i 1.113 500 0.195 .8 5/32 1.1G9 1.114 0.07Í THE BRAZILIAN REVIEW 1.170 1.419 ThurtO 8 1-/8 l 121 198 8.180 1.169 1.433 8 9/61 1.171 U. 1.171 1.451 l.l-ll SOO 6.195 8 5/32 1.443 114 6.072 Saturday evaning, August 12 1C<99. Fri. il Holiday Bank rate opened on Monday 7th at 8 1/8 and cLsed this evening ab 8 3/32. Ave- If the market was dullbefore.it was.scarcely likely that two rago... 8 t/8 1.172 1.451 1.132 199,6.188 8 5/32 1.109 1.113 8 9/64 1.171 1.415 1.111 6.207 extra holidays would help it much. An present is is as chili and I lifeless as dilch water without a spurt or a kick iri it. If the Minister of Finance. should happen to read these lines we Monday, August 7. AU the Banks posted the counter rate of should be 8 1/81 which ruled unaltered throughout the day, pleased it he would take note ofthe extreme inconvenience caused to the market by the improvisation of holidays" at only a few .i, The market. o pene. I undecided with Banks drawing at 8 1/8 and hours notice-. buying at 8 3/16, rising. to S 5/32 and 8 7/32 respectively ab which it A holiday closed. more or less doas not hurt any one rery much, as what is lost by playing one day will be made'up by extra work the Tuesday, August 8. Holiday. next; but what is a real cause both of loss andvexation is the custom of Wednesday, 9. Ali the Banks maintained their counter rates declacing holidays wiihout sufficient notice to ailow of preparation,, afc 8- l/á throughout the day. and especially when the Banks, instead of collecting bills the day after The: market opened with somç of the Banks drawing at 8 5/32 maturity, when this falls on a holiday, are compelled to do so in advance. Dr. Muriinho and' private paper quoted outside the banks ab 8 3/16. although nob a business man is a man, of business, and. will easily comprehend how vexaüous such a system is. 10.. sarhe counter 'aítl;tÜ3THursday.- The drawing'-•' rate,. 8 l/S,, ruled in If he could fix this matter up in a manner that would ensure no banks- throwgliout the dáy. : supplementary holiday being sprung on the business'public without . '' "•¦. '«*' 'y it''~ i£i August Í5th, 1899.] The Brazilian Review. 537 due notice of at least 48 hours he would earn the lastincr gratifcude of Tuesday next is a regular statute holiday and there was some talk untold generabions of business mon. ot improvising A* the another on Monday, but fortunately this has been ,Rame timo the banks Ihemselves are greatly to blame. dropped. Hatt they a little more back boné and detèrmination not to sacriíice business interests, and less complacement with official desites perliaps What we want is more work and less play, we have too many nolidays would not. be quite so frequent. Anyhow, two extra holidays holidays already. J inVa week are more than enough and it is to be hoped that the Banks will in iufcure set their lace against such practices. Of course if Nothing definite has yet transpired as regards Gen. lioca's (jovernment choseto decree holidays no one can it, pro- prevent but as posais, barring- the , éxpense which can be badly afforded just at the it is, the Banks encourage and abet such practices by meetLiií. it half moment, way. & present there can be no doubt that this visit should iead to closer and more friendly relations, political and commercial. CASH BALANCES AT THE FOREIGN BANKS OF S. PAULO AND SAXTOS Total London Brasilianische für & River Plate London & Brazilian Deutschland Banque Française British Bank INCLUDING EXCLUSIVE OP LONDON & K. PLATE LONDUN & It. PLATE July 3L . . . 8.209:8i5§000 12.803:4908000 0.139:054$000 4.624:476$ 8.540:839.§000 40.317:664^000 32.108:849$000 June 30 . . 7.39-_:847$000 U.475:775$000 7.527:393$000 5,235:615§000 5.621:523 $000 37.258:056$000 29.863:209$000 May 31. . . 4.953:606$000 10.035:046$000 8.372:760$000 5.378:532§000 5.432:317$000 39.177:2618000 29.218:658§000 April 30 . . 12.763:907 000 7.538:8758000 6.633:179S000 5.806:140$000 32.731:901$000 March 3L . 13.557:367§000 5.859:227$030 6.023:70O$000 8.208:177-5000 33.74S:471$000 February 23 14.318:287$000 6.577:1518000 6.957:140$000 6.230:814§000 34.083:332-5000 January 31. 12.693:OIS§000 6.245:3658 7.460:6648000 6.857:9363000 33.256:983$O0O CASH BALANCES OF RIO, SANTOS & S. PAULO BANKS BUSINESS DONE ON THE RIO DE JANEIRO STOCK EXCHANGE IncorDec. FOR THE WEEK ENDINO AUGUST llth 1899 1899 1899 Incor Dec on 1898 on 30 June 31 July 31 July 31 July 31 July 1899 CLOSING DESCRIPTION Sales Highest Lowest 1 his Date week Last Bank of the Republic 20.548:932$ 19.801:231$ • 19.832:000$ - oi iast 3.6 % 0.1 % Si.x National (Discount Banks) 26.662:787$ 25.457:051$ — 4-5 % 29.950:000$ ² 15.0 5, Foreign Exchange % Banks 84.157:341$+ 109.317:041$ ² 23.0 73.008:352$ 15-2 % % Government Se- curities Total for Rio 120.220:071$ 129.415:623$+ 159.109:041$ Apólices Geraes 5 Janeiro 7.6 % 19.0 % % Currèncy. . . . . 52e 890^000 SS6$000 S86$000 8S9$000 4 Aug. SANTOS & S. PAULO Do do do Frac- tions 1 3/10 860$000 8503000 S50$000 860$000 4 » National (Discount) Do do do Cau- Banks • telas ...... 20.743:731,15 18.833:898$ 9-2 % 12.600§ S50$000 845$000 850$000 861$000 4 » Foreign ( Exchange ) Loans 1S95 5% Our- Banks rency . 37.258:056$ 40.317:664$ + 8.2 % (bearer) . 53 8SS8OOO 830$000 882$000 SS03000 4 » Do do üo (or- der) o 890$0Ü0 S_-$000 SSS$000 S30$000 4 » Total for Rio, Santos Do do do 1S97 and S. Pauio . , , 178.221:858$ 188.567:185$ + 5.8 % 6% Currèncy (bea- rer) 100 995.J000 99õ$000 995$000 9353000 4 » Do do do do By the precedirig table ib will be observed that whilst cash (order.) 16? 9.6$000 993$000 9933000 ÜS7$000 23 July balances on 31 July show an increase since 30 June of 14.208:597-8 Municipal loans % in the Currèncy S9 169;. 000 16S$000 16S$00P 170§000 3 Aug. Foreign or Exchange banks, they have diminished simult.ne- Estado do Espirito ously by 3.863.2705 in the National or discount banks compared with Santo Loan. . . . 20 650$0G0 6õ0§000 650fJ000 730$000 26 those of 30 June of the current year, the aggregate being 5.8 "/o June- greater than the previous month. Banks Naturally, compared with cash balances on July31 last year, there Commercio is a large falling off, more notablein the foreign than nalional banks. 56 22O$0OO( 216$0Ú0" 2208000 220$000 1 Aug. Kepublica 440 1S_$000' 1S43000 1S4$000 lSõ,«f0_0 4 » Rural e Hypotheca- rio Í0 126$000 126$000 126§000 123..000 ACCOUNTS OP SANTOS AND S. PAULO BANK3 WITH HEAD OFFICES & AGENCIES 1899. Railways .vnd tramways E. F. de Sapucahy. 100 2,000 2$000 2$000 2$750 1 Aug, May 31 June 30 July 31 Minas de a. Jero- BANKS nymo 157 26$000 25§000 26$000 23..000 3 » DEBIT DEBIT DEBIT COTTON MILLS London & Brazilian. Santos. . 1,509.436? Alliança 50 172..000 1725000 172S000 172.000 3 Aug. 3,453.606$ 6.515.433$ Progresso Ind ustrial . S. Paulo. 2.408.685$ 6à 1833000 1SU$000 183$U00 1S0.3000 ô » ,. ,., ,,. 1,150.220$ 300.715% Corcovado 50 150$U00 150$Ü00 ¦Lond'& Riv. Plate. Santos. . 4,189.143$ 6,467.872;, 5,875.602:^ lõOáOOÜ IÕ05OOO 31 July .i d i, ., . o. 1 aulo, '2,3Ò2.14i$ 1,674.277$ Miscellaneous British of S. America. Santos. 2,522.365$ 3,655.200$ Française du Brésil. San:os & Loterias Nacionaes 1.250 105$000 94§500 105§000 95§500 4 Aug. S. Paulo 4 10.988.123_ Melhoramentos no , 10,405.253$ 10.971.969$ Brazil ...... Brasilianische Bank 23,631.959$ 23,440.485$ 24,720.586$ 4.700 21S0O0 19.$000 21$000 18^000 2 » Obras Hydraulicas. 650 23250 23230 2^250 25§500 » Melhoramentos ao Total atS. Paulo & Santos. . 44,149.711$ 47,220.177$ 53,713.742$ Maranhão .... 400 23500 2$500 2|500 June Tattersal Moreanx. 1-0 10§000 iOfcOOO 10^000 I73OOO 29. May Carruagens Flumi. Tüb Douglas & Aue Instantaneous water Heaíers nenses 62 100$000 100$000 1000000 100$000 9 Mar. •Hot water at any minute of the day or night is one of the many advantages of these machines, which are extensively used ali Carmo over South America; there being some in use in Rio de "furnished 500 Janeiro Comfortable Boarding-house alone. A bath may be with hot water instantaneously at with excellent services at £1 11 6d. week or^s. 6d. to any hour of the day or night at. a trifling expense. The Instar- per 7s. 6d. per day íor single rooms. Dou 3s- toS5Ss. ** taneous' Water Heating Co. 48 Cliff St. New York. tedd,ed^r00mos ^r.^3 per. week. Pennywell Earl's Court S. W. London. lõth, Í89& 536 The Brazilian Review". [August drawing at 8 i/8 and offering will overset the whòle The market opened with ihe banks them more and more to helpless machines, ab 8 3/16, but with money in the street at 8 5/32. At ter a to buy and to artificial edifice by a counter-combination more powerful than ali. temporáry firmness that carried' bank rates to 8 5/32 private the market closed dull with the banks lower strata of society that we must look for salva- 8 7/32, rates fell again and It is to the drawing at 8 5/32 and money for prompt paper at 8 3/16 to 8 10 . 7.02 3") 1/2 118.50 ! U . The Bank of England andopen market rates still continue unaltered 14, RUA DA CANDELÁRIA at; 3 1/2 %. THE MONEY OUTLOOK Cable Address: HAROLD The more favourable news from South África and the inclications RIO DE JANEIRO. of our Government being satisfied with the concessions made by the Transvaal have brought an easier feeling in the Money market. Caixa do Correio 231, Telephone 14 Early in the week it was difticult. to place bills anywhere outsidethe Bank of England, which did a large business at 3 1/2 per cent. The rate for thre? months' bills in the open market on Monday was as high as 3 3/4 per cent,, and there was a very general expecbation that the Bank rate would be further raised on Thursday. The relax- a tion ofthe political tension on Wednesday and Thursday removed omg mu\ $har* Jttlarkí the immediate necessity for an advance in the rate, and made the banks and the market generally work more freely than they have done for some time, and three and four month's bills were consequently,taken by the brokers as low as 3 3/8, and six months' bills at 3 1/2 QUOTATIONS DURING THE WEEK. EN">ING AUGUST llth i8qq j per WERE AS FOLLOWS: , cent.., while lhe banks were willing to take short bills at 3 3/8 per cent. Statist, July 22. (COMPILBD, BY PKRMISSION, FROM THB FIGURES GIVBN DAILY IN THB JORNAL DO COMMERCIO) COMPARATIVE VALUE OF COFFEE EXPORTED IN 1893 AND 1899 Maximum and Minimum official: rates Bank Counter Drawing Rates WEEK ENDING AUGUST 11 CROP TO AUGUSr 11 90 d/s SIGHT 90 d/s SIGHT " August:—¦ : ~~~ "3: ' '¦ ' •£ N. ofbags Value N. of bags Value a 1° X ¦ • ¦ •«•¦ V M ¦tu' A-av¦ ;.¦ "¦ a Ê?í. o .2 a- >»• S,' R ° .2 a S a *>'¦ ° ' 2 ___ â - A — — — ² -I- 189S 1S99 1898 1S99 1898/9 1899/900 1898/9 1S99/900 8S 1.171 Sat. 5 % [.ií í;}g gf |g 8 S/32 1 169 i.413 8 9/6Í 1.1Í0 1.114 0.072 C .€ .€ £ pj Rio . . 61.993 fí3.5í6 9ri.370 97,252 3íí.;~47 394,300 47">.2.Vi 561.3^5 l.4i3 8 9/«M 1.171 1.448 ^atltos. 110.037 II5Í.S43 178.4SA» ISS.045 027.801 073/196 342.40S 94Ü.79J Mon. 7 8 1/8 [;JJJ |;Jg };jg ^Ij.íS., 8 5/á2 M0, l.lil ,;.072 Total. 172.033 804.374» 273.853 883.237 842.318 1.067.793 1.317.652 1.511.184 Tiíes 8 Holiday | I , i 1.413 8 9/Ô4 1.171 1.410 W2d. 9 8 1/8 t.mí.SíliMSfl.lg-. 8 V-12 1.1G9 1.114 G01i THE BRAZILIAN REVIEW «g 1.433 8 9/61 1.171 1.440 ThurtO 8 1/8 |;|]] [^ \\\) J;*g g 5/32 1.169 1.114 6.072 Saturday evening, August 12 1L'<99. FrL 11 Holiday Bmk rate opened on Monday 7th at 8 1/8 and closed this evening at 8 3/3.2. '"" I Ave- If the market was dull before. it was scnrcely likely that two raga... 8 1/8 1.172 1.451 1.132 199 6.188 8 5/32 1.169 1.443 8 9/04 1.171 1.443 1.1116.207 estra holidays would help it much. Af. present ii is as chili and lifeless as dilch water without a spurt or a kick in it. If the Minister of Finance. should happen to read lines we Monday, August 7. Ali the Baoks the counter rate of these nosted should be pleased if he would take note ofthe extreme inconvenience 8 1/81 which ruled unaltered throughout the day, caused to the market by the improvisation of holidays ai only a few i. The market: opene.l undeeided with Banks drawing at 8 1/8 and hours notice. buying at 8 3/16, rising to S 5/32 and 8 7/32 respeotively at which it A holiday more or less doas not hurt any one rery much, as closed. what islost by playiag one day will be made up by extra work the Tuesday, August 8. Holiday. next; but what is a real cause both of loss andvexation is the custom of Wednesday, 9. Ali the Banks maintained their countei* rates declaring: holidays without sufficient notice to allow of preparation,, the day. and especialiy when the Banks, instead of collecting bills the day after a ti 8' 1/8 throughout maturity, wtienthis falls on a holiday, The; market opened with some of the Banks drawing at 8 5/32 ax*e compelled to do so in outstdethé banks at 8 3/16. advance. Dr. Murtinho although not a business man is a mam of and'private paper quoted business, and. will easily comprehend how vexaüous such a system is. Tliursday. 10. The same counter drawing rate,. 8 l/S,, ruled in If he could fíx this matter up in a manner that would ensure no a . L ¦ , . aítí-itòte: banksJ throwghout- the dáy. .. supplementary holiday being sprung on the business' public without IAA. \ 7W August i 5th, 1899'.} The Brazilian Review. 537 due notice of at least 48 hours he would ea.n the lasiine trratitude of Tuesday next is a regular statute holiday and there was sometalk untold generation. of business men. of improvising At the same another on Monday, but fortunately this has been Ume the banks lheinselves are greatly to blame. dropped. Had they a little more back boné and detèrmination not to sacrilice business intercala, and less complacement with official desires perhaps What we want is more work and less play, we have too many noüdays would not. be quite so frequent. Anyhow, two extra holidays holidays already. J in a week are more than enoughand it is to be hoped that the Banks will in iufcure set their lace against such practices. Of course if Nothing deíinite has transpired as regards Gen. Roca's Oroven.me.vfc choseto decree holidays no yet pro- one can prevent it, but as posais, barriug- the . expense which can be badly afforded just at the it is, the Banks encourage and abet such practices bv mee-inir it hulf moment, there way. ° present can be no doubt lhat this Visit should iead to closer and more friendly relations, political and commercial. CASH BALANCES AT THE FOREIGN BANKS OF S. PAULO AND SANTOS Total London Brasilianische für & River Plate London & Brazilian Deutschland Banque Française British Bank INCLUDING EXCLUSIVE OF LONDON & K. PLATE LONDON & R. PLATE July 31 . 8.209:815$000 12.803:4908000 G.139:054$000 4.624:476? 8.540:8391000 40.317:66_?000 32.103:849.$000 June 30 7.39_:847$000 11.475:775$000 7.527:393$000 5,235:615$000 5.621:523$000 37.258:056§000 29.863:209$000 May 31. . 4.953:606$000 10.035:046j>000 8.372:760$000 5.378:532$000 5.432:317|000 39.177:26l§000 29.218:658$000 April 30 12.763:907 000 7.538:3758000 6.633:179$000 5.806:140§000 32.731:901$000 March 31, 13.557:367$000 5.859:227$030 6.023:700$000 8.2DS:177$000 33.74S:471$000 February 2$ 14.318:287$000 6.577:151$000 6.957:140$000 6.230:81_$000 34.083:332$000 January 31 12.693:018§000 6.245:3S5$000 7.460:664$000 6.857:9363000 33.256:983$O0O CASH BALANCES OF RIO, SANTOS & S. PAULO BANKS ÜUSINESS DONE ON THE RIO DE JANEIRO STOCK EXCHANGE FOR THE WEEK incor Dec. Incor Dec. ENSINO AUGUST ilth 1899 1899 1899 1898 on 30 June on 31 July 31 July 31 July CLOSING 31 July 1899 DESCRIPTION Sales Highest Lowest »his Last Date Bank of the Republica week of iast 20.548:932$ 19.801:231$ ² 3.6 % 19.832:000$ ² 0.1 % Six National (Discount Banks) 26.662:787$ 25.457:051$ ² 4.5 % 29.950:000$ ² i5.o % 5. Foreign Exchange Banks -1- 73.008:352$ 84.157:341,'. 15.2 % 109.317:041$ ² 23.0 % GOVERNMKNT Se- CURITIES Total for Rio 120.220:071$ Apólices Geraes 5 Janeiro 129.415:623$ + 7.6 % 159.109:041$ ² 19.0 % % Currency. . . . . 52C 8905000 886^000 S863000 8S9$000 4 Aug. SANTOS & S. PAULO Do do do Frac- tions 1 3/10 860$000 S503000 S505000 86O5OOO 4 » National (Discount) Do do do Cau- Banks ² 9-2 8455000 20.743:731$ 18.833:898$ % 12.6005 S50$000 850fJOOO S6.§000 4 » Foreign ( Exchange ) Loans 1S95 5% Our- Banks rency . . 830$000 37.258:056$ 40.317:664$ + 8.2 % (bearer) 53 SSS.OOO S825OOO 8S05000 4 » Do do do (or- der) . . 0 890$000 SS8J00O 38S$000 S30$000 4 » Total for Rio, Santos Do do do 1897 and S. Pauio . 178.221:858$ , , 188.567:185$ + 5.8 % 6% Currency (bea- rer) 100 995.$000 99õ$000| 0955000 9355000 4 » Do do do do By the prececling table it will be observed that whilst cash (order.) 16 9:)fi$ooo 99.$000 993§000 987|000 2. July balances on 31 July show an increase since 30 June of 14.208:597$ Municipal loans % in Currency S9 1695000 16S$00O I6S5OOP 1705000 3 Aug. the Foreign or lüxchange banks, they have diminished simult.ne- Estado do Espirito ously by 3.863.270$ in the National or discount banks compared with Santo Loan. . . . 20 650$000 650§000 6505000 7305000 26 June those of 30 June of the current year, fche aggregate being 5.8 '•/„ greater than the previous month. Banks Naturally, compared with cash balances on July3i lastyear, there is a large falling. off, more notable in the foreign than national banks. Commercio 56 220$000 216$00O 220$000 220$000 1 Aug. Kepublica ¦440 IS65OOO 184^000 1S4§000 1SÕ.Í0J0 Rural e Hypotheca- rio Í0 126$000 1265000 1265000 1235000 ACCOUNTS OF SANTOS AND S. PAULO BANKS WITH HEAD OFFICES & AGENCIES 1899. Railways and tkamways E. F. de Sapucahy. 100 2;000 2^000 2$000 2§750 1 AUgV May 31 June 30 July 31 Minas de S. Jero- ² ² -.:. BANKS nymo 157 26$000 255000 265000 235000 DE BIT DEBIT DEB1T Cotton mills London & Brazilian. Santos. . 1,509.436$ 3,453.606$ 6,515.433$ Allianca 50 1728000 1725000 1725000 1723000 3 Aug. Progresso Ind ustrial 65 1833000 1SO$000 183$í)00 1S0.3000 3 » _ .- s, ,v • S-, Paulo. 2,408.685$ 1,150.220$ 300.715$ Corcovado Loncl' & Riv. Plate. Santos. . 4,189.143$ 6,467.872$ 5,875.602$ 50 150$000 150$ÜOO 150^000 155$000 31 July „ .«. . -' « m • S. Paulo 1,674.277$ Miscellaneous British of S. America. Santos. 2,522.365$ 2,302.741$ 3,655.200$ Française du Bresil. San:os & Loterias Nacionaes 1.250 105§000 94$500 1055000 955500 4. Aug» / S. Paulo 10,988.123$ 10,405.253$ 10.971.969$ Melhoramentos no Brasilianische Bank ...... 23,631.959$ 23,440.485$ 24,720.5S6$ Brazil 4.700 21S0O0 19S00O 21$000 185000 2 » Obras Hydr áulicas. 650 25250 2$250 2^250 25§500 » Melhoramentos no Total atS. Paulo & Santos. . 44,149.711$ 47,220.177$ 53,713.742$ Maranhão . . . . 400 25500 2$500 23500 23300 June Tattersal Moreanx. láO 105000 10§000 105000 I75OOO 29. May Carruagens FJumi. Tüe Douglas & Acme Instaiitaneons Water Healers nenses 62 100$0G0 100$000 1005000 1005000 9 Mar. •Hot water at any minute of the day or night is one of the many advantages of these machines, which are extensively used all Carmo over South America; there being some in use in Rio dé 500 Janeiro Comfprtable Boarding-house with alone. A bath may befurn.shed.with hot water instantaneously at excellent services at £1 us.. 6d. week òr 6d. to 6d. any. hour of the day or night at a trifling expense. The Instan- per £s. 7s. per day íor single rooms. Double- bedded rooms at £3 3s, to taneous Water Heating Co. Cliíf St. New York. £5 5s. per. week. Pennywell Road. 48 Earl's Court S. W. London. 15fch, 1899. Brazilian Review. [August 538 The BRAZILIAN STOCKS AND CLOSING QÜOTATIONS OF STOCK EXCHANGE SHARES ON THE LONDON bnoing Câmara — Rio de Janeiro wrbk PnEVIOüS WEHK 16, Rua General 21 st. J*oly 1899 Address: LANDSBERG, Riojaneiro DHSCIUPIION Telegraphic. Min Max Min Max P. O. B. 1.058, Rio. Uovornmeat Seeurltlo» cie declared business on the Rio Gold Loan 1S79 4 K> The ^™^J^l 1S83 4 % 1S8S 4 Yx Vi % 18S9 4 829:529$000 in6-320$000 West of Minas Railway A% • • Government Securities • •> 189o o % 28:079$000 „ Bank shares New Funding Bonds 1S9S 5 % Cotton Mills do 235 212?000 State of Ss. Paulo 5 % . . . • cio Miscellaneous Boiuls 1.199:140 -5000 Corporation City of Rio de Janeiro 4 % . City of Santos 6 % There was a certain amount of activity Government securities. of General Railways in spite ot the festivitiès in honor in this descri}.tion, no ihòmènt in the qüotations, Alagoas Limited % visit, but with alterations of StocK .... Roca's in 5 o. Apólices and IO--? in » 5 % Debenture notable being a fali of 3:? p. S. Francisco Limited. . . • . the most The fali of SO? m Espirito Bahia e • fractions and conversion senp ofsame. tne Timbii branch .tor.for. in a large measure, by 7 % Cum,: Pref . . Vi Santo (State) bonds being accounted . Brazil Great Southern being com and thhe actual ex-juro-. (j % 1'erui. Deb.Stock previous quotafcion juro ....••• • • • • the only X B Central Bahia Limitedô Business in this kind was iinimportant, % Debenture Stock. Bank sharas. 5 * Republicas which weakened 2*,. * alteration being in d'Eu Limited. . . . . • • • • • • • Conde • • Thereza Christina Limited, Pret í /o D . . • • • • Gt. Western of Brazil, Limited. » , Perm: Deb. Stock . improvement oí 3^. y, ª , KXt. ª " Industrial gained 3$ and Corcovado Leopoldina Limited Cotton Mills. Progresso Mirins & liio Limited • lost 5§. Natal & Nova Cruz, Limited . . Hamburgo Pref. after having soared Porto Alegre a Novo 5 y. M'SfSMivellaneous. Loterias Nacionãés which 'a ' signs of weakness abou^amonthj^o Hamburgo 6% Mort. very high were showing some Porto Alegre Novo '.'• '• w,m to have revived^agS ãnd^how this week a further . Deb. Stock • Moreaux are now quoted Recife e S. Francisco Limited of 9^500 or very nelrly 10%. TaUersal . . . ment May cnm-div. Rio Claro, S. Paulo, Limited, shares at 10$ ctf-div against 17$ on 29 - *> 5 % Deb: stock . . • S. Paulo, Limited » New Ord: Non-Cum. Pref STOCK EXCHANGE » 5 % BUSINESS DONE ON THE S. PAULO » 5 % % Debenture Stock » 5 ª ª ' FOR THE WEEK ENDING AUGUST llth 1899 » 4 % ª **• . do Sul, Limited . . . . S.- Braz. Rio G. Ä y, . 6 % Deb: Stock Lowest Leopoldina 4 % Debenture Stock, red . . Description Sales Highest Railwar Obligations 6 Debentures • • ¦ SECURITIES Alagoas % >s. . GOVERNMENT Brazil Gt. Southern, 6 % Stl. .Mt. De 8505000 «> (j % Stl Mt. Debs. líod Geral 5°/o Curremy 1 850$000 5 Apólices 78^000 78$000 Campos & Carangola % Câmara Municipal de Santos 560 Central, Bahia Limited 6 % Deb Conde d'I£u 5 % % Debs ...... Liuiited 5 !<& . . BANKS D. There/.a Chnstinv %. Mirins e Rio.~> 6 % Debs Mogyana, % Deb. Bond« Banco do Commercio e Indus- Bonds 100 JOòfOOO 306SO0O Natal e Nova Cruz, tria Ituana t3 % Debentures RAILWAYS & TRAMWAYS ltanks »á 565 245$000 245*000 British Bank <*>f S. Vmericã U, Companhia Paulista . . . 480 239.J0,0 2385000 London & Bnzilian Bank Limited do Mogyana. London & River Plate Bank Limited % MISCELLANEOUS Shipiúiijí % Vi 9 '/»' Companhia Argos Paulista 25 8SQ00 Amazon Stfi-yii Navigation C. l.üi tited. 49 Royal Mai S'enin l':icketC. 22 M \Á Pacitic Steam Navigaiien C. MORTOAGE BONDS Miiiiii1; Banco Credito Real .... 5T0 72§000 63§500 Banco União 555 68*5500 68,$500 Ouro Preto. . . . \/k St. John dei líev S. Bento on the S. Paulo Stock Kxchan^e for the The total declared sales Tnlngràpii- week ending August llth amounted to Rs. 3S3:Ú78,õOO, distributed Brazilian Submarine Limited . as folloAvs : do do ã % Debs Western & Bra/.iliari Limited ord: Government securities 44:-õ3Ó$000 do 5 % Dref ord. Bank shares 3().:;6p0«ü0ü (],, def ord: Railway do 252:715SO00 do 4 % Deb.stocl' - Miscellaneous ^nOSOOO Amazon Tel Shares ")t 25000 Mortgage Bonds 55:033$500 .Io % deb: red .383:078,000 üliscolhiUBoiis Cantareira Waterworks fi y deb: bonds . . deb. ind issue. City of Santos Im p riòiV-cum pref. % % Comparative quotations of Brazilian Bonds in London, as per City of Santos Imp: Limited o .'"ocuni pref tele°rarns received by the Banco da Republica from Messrs. N. M. Rio de Janeiro Citv Imp: .imited5 & Sons. do % red. ';¦''''¦ Rothschild Rio de Janeiro Flour Mills Limited % iug 10 Aug 8 Aug July 31 do Mort: deb. S. Paulo Gas C°. Limited '4 62 62 Recife Drainnge Limited lst Mort: 5 % deb*. 1879 4 p.c. * 62 62 Brazilian Street R'way Limited ord. 62 62 62 63 (Kecife) í 2 1888 4 „ Dumont Cottee, ord «. •2O 2 61 3/4 61 1/2 62 62 1/2 do 7 Cum: J4 3 Á .1889 „ %*'.j pref » . 68 1/2 68 69 71 do 5 % Ist Mort: deb . . . 7á 77 72 1895 5 4 •_ õ Funding 5 87 87 87 87' S. Paulo Collee l_st. 7 % Cum: pref . . . 4 5 p.c. 5 lst Mort: deb. ss n Sá 91 West Minas 5 p.c 66 íjZ 66 66 67 do % % North Rrazilian Sugar Factories I ,! , . HllipFW^fPÇlW y?.\»A'f.! august 15th, 1899. j Tj3h BraziJíIan Revisw. ¦'¦ .) IL"t.» 539 BANCOS E BALANCETES Passivo Capital subscripto. . io.ooo:ooo$ooo SANTOS bundo de reserva. . 6.ÒoÓ:Òo5|OOÒ bundo para a inte- BANCO DE SANTOS gralisação das ac- S.PAULO Ções do Banco CapHal . . . * 2.000:0008000 E FILIAES . . 2.500:000$000 l* lindo de reserva. Fundo de pensão • • • 400:000$000 BANCO aos empregados do DO COMMERCIO E INDUSTRIA BALANCETE EM DE S. PAULO Banco., . • • . 400:000:5000 31 DE .TUI.HO DE 1899 BALANCETE Lucros e Activo EM 31 DB JULHO DB perdas : 1899 Saldo Accionistas desta conta . . 1.231:6038839 : entradas a realizar . 7:2003000 Comprehenaondo as oparaçffès 10.121:0063839 Lettras descontadas. .... das flllaes de Santos Depositantes: Lettras a receber ' 4:303:3863326 e Campiuas Empréstimos 218:2258090 Por letras e em contas correntes'. 1.814:531$230 a prazo bdittcio do Banco Activo fix<> 5.714:621$230 Propriedades ' 150:0003000 Accionistas do Banco. . '. 673:363$619 : Contas correntes : Acções de Bancos e Companhias valores 120:0003000 Entradas a realizar. Saldos credores nesta depositados . . . '. 2.040:703*215 5.000:0003000 matriz Hypothecas urbanas . ! Carteira: e filiaes, em Diversas . .' \ 039:0008000 conta de movi- contas t 1.063:711$043 Letras descontadas . 17.386:532$656 mento com e sem Caixa : Letras a Cobrar por juros 32.440:0773135 33.160:698:-365 Em conta própria. . . 5:4833570 cofre doBanco e filial de S5o Etleitos a receber Garantias Paulo diversas Em 59S:S45S234 por conta do ter- e outros valores: poder dos correspondentes .' .' 63:63)$830 ceiros 3.325:200^43-) Cauções deposita-/g 20.717:2223061 <\™ hs 2í.289:6293020 ll.G92:G05$637 Contas correntes: valores pertencen-l 3 tes a terceiros eiã Passivo Saldos devedores por empréstimos etfeitosa adeantamento» e receber- 9 Capital : 10.000 acções 15.229:940|533 por conta de ter-12 de 200$ Cauções e valores ceiros /g, 6.586:-7i3|tf3.» luindo de reserva 2.000:0003000 depositados: Caução da directo- *2 40o:ooo$ooo Depósitos : a sujeitos' ria • \S aviso prazos, â Em penhor mercantil, 100:000$000 30.970:342*955 e com retiradas livres . 2.199M793208 em garantia dosem- Cauções e Titulos depositados. Dividendos : barantias . . 2.0í0:7033215 prestimos e adean. por hypothecas. . 639:0008000 mentos Saldos não reclamados Diversas contas acima. . . 24.2«9:629$020 48:1123500 .... . 4.413:7233214 Valores em deposito Diversas contas conta : por de ter- Commissões, descontos, 11.692:6053637 ceiros 3.255:072$500 etc. . . 306:6993566 Correspondentes no Caução da directoria 100:000$000 paiz « no es- S. K. ou — 27.6í4:70t$52Ò trangeiro; . . • _ O. Santos, 10 de agosto de 1899. — • . • 1.242:246$508 Pelo Banco de Santos, J. — C. Janaèopulós, presidente Titulos em liquidação: Saldo a favor A. Joel, gerente. dos mesmos 90.849:700$733 Saldo desta conta. . . Bemfeitorias 101:9693954 no pre- dio em Â'onâ P.aXpíesiffiê ij8£gSrtT^%S5^ BANCO MERCANTIL DE SANTOS que func- director-gerente. J' d° Que"°* Lacerda, ciona a filial em Santos Capital. . t . •. • • • . 5.000:000$000 e movais Fundo de reserva nesta matriz e 800:0003000- filiaes BANOUE FRANÇAISE , 9:599$600 DU BRESIL hAlanjo «m 31 nn julho Valores de 1S99 e fundos Capital . pertencentes ao Capital Fcs. 10.000.000 Activo realizado . . . Letras Banco: 5.000.000 descontadas 2.9S4:82S3í59 Letras a receber ...... Propriedades d o Ban- Empréstimos '. 353:5083135 co;. em contas correntes'. 9.514:9548270 , 20í:7i6$130 Valores depositados Apólices do . . * ' 17.3S0:0S43763 Estado Prédio do Banco ' 1 de S. Paulo. ... 126:209$250 Activo Diversas 481:032*327 Letras contas ,• • . . 2.'«3fi:i9631S2 Acções da Companhia descontadas . . . Caixa, em Paulista Letras a receber 4.268:6233861 conta corrente 1.822:7698350 de Vias 1.195:0243570 Férreas e Fluviaes 2.435:72115420 sentidas:;: Letras v°,iía.LcoHrrent?svalores depositados 3.S99:191^420 34.973:3738486 hypothecarias 5.635:4313180 do Banco de Credito Diversas contas. ... * Real Caixa ••..... 1.289:0803936 de S. Paulo . 293:S503000 4.624:476$409 Passivo Mogyana 110:00í>$300 3.200:5033100 G%& Rs 20.311:8373376 : ac«5es fl° valor de 4V0§, cada?5'000 uma Fundo * 5.000:0003000 Diversas contas : Passivo de reserva. ..." .."*"" ^00:0008000 Caixa matriz, Depósitos por Letras ....'[' Juros; filiaes e agencias • 10.971:96S39S3 2.952:0003440 gastos geraes etc 22S:993§790 correntes Contas correntes sujeitas a aviso. Correspondentes no . 2.044:407.^77S Le^asa.pagar.^ ;' 7.12S: 1503992 paiz e no es- j£ntas a trangeiro if^Pqsito prazo 367:5338010 1 tulos depositados 2S.-23736V) 4.231:714$460 iíulps caucionados 3. S33:160.4800 *. . 5'. 635:43 lf 180 Cauções diversas Caixa : Diversas contas. . .1, ...... "' ' 13.547:923,$963 . . 1.292:4958045 Diversas contas ..." ' Saldo em moeda corrente nesta ma- 1.6S4:S923641 triz e filiaes 20.811:837p76 14.425:0013123 34.973:3738486 °'~. 8 de agosto de r>O chefem Si ?U fí^'í*"-10» 1899— S. E. ou O.—Santos, 90.849:7063733 da contabilidade, Oh. Berthe.- o eerente 8 de acosto d» -1SOO RQr.„,> interino, J. L. Halphen. gerente Mercantil de Santos: áegartotfaZ5illTtôT-M. Btazihmse, guarda livros. This Last Last week week This year Last yeat year DOCK DELIVERIES Rio FOR THE WEEK ENDING SS.211 110.249 85.594 515.784 388.818 AUGUST lltll 1899 Santos 254.657 256.623 16S.512 1.129.900 776.014 Total ; 332.8681366.872 TOTAL for 254.106 1.645.63. 1.164.832 THIS WEEK LÂST WEEK CROP YEaK 1899/1900 The coast arrival» were from the following ports : S. João da Barra. 10.378 Rio bags . 69.536 victoria 1.570 » Santos ...... 89.568 394.300 134.843 193.961 Santa Calharina 44 » 673.496 Macahé 2.289 » Angra dos Reis. . . ,[ $q Paraty @ 7 Total. 204.379 293.529 1,067.796 Total. 14.324 bags _ ^The total entries by the differènt S. Paulo Railways foi» the Cron BRÃÜ »»* PILSENER, th. to August 10 are as follows. p best r^f„FRAN2ISKANERin Rio. 15th, 1899. The Brazilian Review. [August 540 FROM RTO LOCAL STOCKS BAGS TOTAL DESTINATION SHtPPKR DATB NAMB (OFFICIAL BTOCICB) U/8, ^^ A ^^ * 269,305 303,721 Aug. Andrade & Azevedo. Rio ' Taormina ...» New York. . • 572,700 703,770 do WFM Laughlin & Co Santos -—• ª do & Co. . . . ª do do Ornstein . . 842,065 1.067,491 do G. Trinks & Co. . . Both ' ª do & Co . . 11.450 ª do do J. W Doane & Co. . FOREIGN STOCKS » Parahyba Havre K. Vaiais August 13/98 Ramos & Co . August 4/99 August.lt/99 Itapacy Southern Ports. Zenha do Sequeira & Co. . . 689,000 ª do & Co . 851,000 861,000 ª do do M. Presser United States Ports 1,508,000 1.206 do G. Trinks & Co . , 1,519,000 ª do . 1.032 Havre ª do do Ornstein & Co. . 2,369,000 1,895,000 2,370,000 Marseille? . . . Karl Vaiais & Co . . Aquitaine Van Leckwyck & Co. Deliveries II. States 53,000 ª do do • 77,000 51,000 do Rich Riemer & Co . Ports • .• do . Aa° do Karl Vaiais & Co . Visible Supply at Umtecl 949,000 Empreza Industrial. 1,140,000 1,266,000 do Philippeville. . States ports Salonica . . .' . G. Trinks & Co. . . do do ª do Varna Constantinople. Karl Vaiais & Oo . . OF COFFEE Riemer & Co. MANIFESTS Ä do Algiers Riech 1899 Smyrna . . . . G. Trinks & Co . . . during the week ending August Hth ª do do Salled do Galatz. . . . Satnsoun. . . > do FROM SANTOS ª do do 8.3J2 ª do Trebiaonde. . , .... Hamburg. . . . do SHIPPEB BAGS total J Amazonas VESSEL DESTINATION do Dabelow & Wilberg. DATB ª do. J. W. Doane & Co. ª do do do Karl Krische . . . . Ä do A. Leuba & Co. . . ª do do Rotterdam. . • Karl Krische & Co. Brothers. 17.867 ª do Hard Rand & Co . . 4.014 Bellena New York .... Arbuckle ª do do 1' B. Johnston & Co. 3.522 do do 395 Hard, Rand & Co. . . . Smyrna .... Pecher & Co ... . » do do 21.784 Washington do Couto & Co. Ä do Constantinople. R. Hayn & Co. 17.50B . Alfr. Lerede & Co . 5 Colônia Havre Goetz do Smyrna . . . R. Johnston & Co. . 7.00') Dardanelles . . do , do do . . 5.000 do do do Karl Vaiais &Co S.nyrna . . . . Empreza Industrial. » Co Ltd. 2.000 ª do do » do do N. Gepp & ª do Salonica . . . . Rose & Knowles. • • 1.000 Odessa Rich Riemer & Co . » do do & Co • do . do do Lewis Bros. Genoa Johnston & Co. » &Co . . do , do do A. Trommel ª do do Piantieri Trost. . . & Co. , • do do Schmidt & j, do do Karl Vaiais & Co. . . Trinks & Co . . » do do Nossack 35.210 ª do Smyrna . . . . G. Salonica . . . . do & Co i ¦¦ ª do do 5 Washington . . . Genoa Aretz ª do Galatz Bros &Co. . i do » do do Lewis i ª do Varna do do N. Gepp & Co. Ltd. Bourges . . . . do , Co. . , ª do . » do do Goetz Hayn& ª do Salonica . . . . Ornstein & Co. . Vaiais Sc Co. . ) do 4.937 ¦: do do Karl Odessa II » & Co ) ª do » do do [Theodor Wille .1. W. Doane & Co. Trinks & Co. . . » : do do ª Pandora Trieste. G. do do K. Krische & Co do R. Riemer & Co. . » & Co. 0 ª do , do do Prado Chaves ª do do Ornstein & Co. • . N.Gepp & Co Ltd. 0 & Co . . » do Constantinople. . 0 ª do do A. Leuba » do Catani N", Anfuzzi. do Dabelow & Wilberg A. Fiorita. . ª do » do Naples 4.75Ô ª do do Aretz & Co doj do J. W. Doane & Co. . Prince. . New York ... . Theodor Wille &Co. 10.000 Theodor Wille & Co. S Itoman . 4.311 ª do do » do do Goetz, Hayn & Co do K. Krische . • 3.000 ª do 6.203 » do do Roso & Knowles. ª do Piraeus. G. Trinks & Co. . . » do do H. Ellis & Co. . . • 2.250 500 6.650 » do do W.F.M. Laughlin&C. Cape Town . R. do Couto & Co, Hard, Rand &Co. . 375 Bahama » do do 20.436 . 4.001 Duchessa di Ge- Asuncion. «... Rotterdam .... Th. Wille & Co. . do 552 10 . 6.750 nova Buenos Ayres . do do Goetz Hayn & Co. G. Trinks & Co. . 22 í » Co, . 2.750 do do' » do do A. Trommel & do do N. Gepp &Co. Ltd. 1.000 4.000 » Tfiames. do E. Ashworth & Co. do do Z. Bulow & Co. . . Ornstein & Co. . . . » . . 1.500 do do do do Rose & Knowles. do John Moore & Co . . E. Johnston &Co. . 1.000 » do » do do do do Sequeira & Co. . . do do Aretz & Co 1.250 1.450 do do Theodor Wille &Co. do do K. Krische & Co. . & Co » . 2.750 » do do Norton Megaw do do IT. Ellis & Co. . & Irmão. . . . 1.000 do do Figueira do do Nossack & Co. . Zenha Ramos & Co. Woltje & Co. 1.500 do Montevideo . . . » do do Henry do P. S. Nicolson & Co. 2.687 do do Hard, Rand & Co . 925 do do do Schmidt & Trost . . 720 » 500 9 Georg. Port. Elizabeth . N. Gepp & Co. . . . 3.000 do do Lewis Bros. & Co. . 3.000 » Co. 9.750 » do do Norton Megaw & Co 6.000 » do Hamburg Theodor Wille & & Co . 3.250 do do Goetz, Hayn & Co. . . 300 Trommel & Co 3.20S 10 Danube Southampton. . . G. Trinks » do do A. John Moore &Co . . 250 do do N. Gepp & Co Ltd , 1.500 do » , 1.000 » do do E. Johnston & C o 500 1.050 » do do Z. Bulow & Co. . Vaiais & Co. . 4.000 » do do Karl Arbuckle Bros & Co. 22.000 do do Rose & Knowles . , 3.000 11 Bellena. New York . . . . » , 1.500 m do do Hard, Rand & Co. . 1.000 » do do E. Johnston & Co. 700 & Co. ... . 1.750 » do do R. do Coutto & Co. » do do Aretz & Co 400 24.100 do do K. Krische & Co. 1.412 » do do Norton Megaw do do A. Leuba & Co. , 3.250 »¦ . . , 1.238 Salinas. Northern Ports , Zenha Ramos & Co . 2.S14 do do Nossack & Co. 54 Woltje Sc, Co 700 do do Guimarães & Irmãos » do do Henry 400 do do Hard Rand & Co . 250 do do J. Dias & Irmão. . . » do do Ornstein & Co. . , , 600 » do . Copenhagen . . . Theodor Wille & Co. 1.250 N. Gepp & Co. Ltd. 2.750 do do Empreza Industrial. 350 » do do 407 do do Karl Vaiais & Co. . 500 do do G. Gudgeon & Co. . do Reis, Veiga & Co. . 400 5.115 ª do do E. Johnston & Co. . 1.075 do Aretz & Co S75 ª do do 83.156 ª do do K. Krische & Co. . 500 Total ª do do Hard, Rand & Co. . 250 74.703 . 1.000 The coffee sa.iled durino the week endinq Auoust 11 was li Trier Rotterdam. A. Leuba & Co. ª do do K. Krische & Co . . 750 consigned to the following destina.tions. ª do Rotterd. Z. bulow & Co. . . 1.400 (o ption) BUROPE & ª do do Nossack & Co. . . . 1.000 "„"_,«, TOTAL U. STATES MEDITER- COAST R. PLATE CAPE ª do Antwerp. . Theodor Wille & Co. 1.750 P°RTS 500 RANBAN ª do do Henry Woltje Sc Co. do Nossack & Co. . . . 250 ! do 113 ª do Antwerp (o ption) Goetz, Hayn & Co. . 2 Rio 35,550 25,346 6,147 3,463 12,650 ² 83,156 ª do do Z. Bulow & Co. . . 1.250 do N. Gepp& Co. Ltd. 500 — ª do 500 11.013 Santos 42,220 125,682 - — ² 167,902 ª do Bremen. . . K. Krische & Co. . M Total • 167.902 77,770 151,088 0,147 3,403 12,650 ² 251,058 £_ August ISth, 1899J Th_ Bbu_i_, B»m 541 SHIPMENTS , COFFEE FROM VICTORIA ^ From our own Correspondent during the month of July 1899 S. S. DESTINATION SHIPPERS Santos,' August lOth 1899 flteg-r Uaited State, Hard, Rand _ . . "ÔÕt ??. d0 Pech<^ Zinzen & C. llJoOO 18 007 Nasmyth do na a° d, Rn aci & C . TíTs d0 P^her, Zinzen & C. 4^00 Pelotas Europe f.n ' attractive 3 Piewous days and nothing very Szcntlstvan do S_I " ' 200 was ad ofíerin- Sundry ' * 2'jj^ :vSÍ|. °° Rio & Coastwise Sundry paiclTeUr;. ""' SUÍCW?r- The Í'W -'— wa. Total 777 29,661 COffee- sailfcl ft'om Victoria during 1900_onnThe was consigned the current _rnn 1RQQ to the following cies tina tions!-- 3 "" United States. • -o~ . . . o- 2«,o3o Europe''..] * Rio & Coastwise . 426í«2 Tofcal 29,661 The .„,-i /• x1StoffcfiSÍ /,. - 11C ___àS__l__^5& yuuus onereci nas imnro^P—d slightly fíner •I900^asC°htpe"Íb^ÍL°^lT.^_lUl'inS Ü" 0™^ 1899- __5_StÊ3^w^'-a_íMí b_.°_ Hard, Rand & Co. . . ,, %_. Pecher, Zinzen & Co ÍÍH8& Sundry '..'.'.'.'.[ > 'Joq Bayine when Total 29,661 how they were geitín-'wider on D ^Vhen™£.?ní ÍSff° asked make out- churelfíoo :- " °h' WVha11 \v?£S^.auvpme trava_rance he was askerl íh_ 1.. rhn J, . at such ex- & » to P°* ali the edtt^ COFFEE PRICE CURRENT fccUencialVIn^^ ^pÜecl FOR THE WEEK ENDING AUGUST 11 TH 1899 Plantations goincr for nert to ..n+Ti..-,,-. m. i known as PIan a.ion Santa Maria** in^the Straa dSíí^S^Í^8- few hours from ™ly * Description the Capital of S. Pa o and valued 10 11 Avera- lately sold at aT^S. was ges public auction for 67:000§000 4-/.U00;? A correspondent from São Paulo Rio N. 6. per 10 kilos. . 6. SOO 6.S77 6.S09 6.809 an who has J^slleturneaiüst _.'tnrn_ ri ir_ ora 6.915 excursion to Rib_ irãn;p.0t_ ri,»T.; + í •> 7.013 6.945 6.945 6.S9Í looking-ve#wSr^-SS^e.ras?h_^d?. dfT'b?Bt^ V1™^™ as but not sufficient a UUle fr0st » N. 7 „ „ „ . . 6.468 6.536 6.46S 6.46S tò?_fit_5ffi okler^ee, ^n^í'ea"'l^^^.ones 6.604 6.672 6.553 having touched rs 6.604 6.605 got u h_ t ' » 6.193 N. 8 »» >» >» 6.264 6.196 6.196 6.400 6. Í6S 6.400 6.400 6.315 s0 may mjure the 1J1CKLa' u ls PpssiWe that.p.cking * N. 9 „ 5.923 5.991 5.923 5.923 new flowering. 1 6.196 6.294 6.198 6.198 6.0S1 A Pleasant Santos superior per lOkil . 6.100 Prospect for Fluminenses Tf li .7<- .i.Q . tt • Ctood 6.100 6.200 6.200 6.200 6.200 6.167 mdictment ofthe abuse following ,, Average . . 5.690 5.690 5.790 5.790 5.790 of co/fee sisSS t__ the 5.790 5.758 deed be in a bad way h^^YRi^^jfe^6^1"1^ ^ must in- iV. York, per Ib. atroa. that.a spooa ,.ill almòsf Sand up _ tt^_S__íl'í. f l of the use " _*3! CÍS Spot No. 7 . persistent of strong coffee. says th l Medicai r^t . cents 5 % o % o % very marked, the early symptóms »» »> 8 . 5 mm 5 % 5.76 being prXnd ln?_TifL'SJíííí;,aePr>-.sion S? Options. ii % 5 % 5 % o % 5.63 sleeplessness and head-ache musculiv rlpl.il >V " , !), Sep. . ») 4.40 4.45 4.45 4.50 m,ltabiJi^ », Dec. . 4.45 4.45 4.45 of the. heart's action and SSlS?' )> 4.90 4.05 4.95 5.00 4.95 4.90 Pãlr*- e'10Ugh „ Mar. . 5.05 4.94 to frighten the coffee raaniac therV >» 5.10 5.10 5.15 5.10 5.10 5.10 comes^icissínt tl^ Z' Havre, per 50 kilos Options. Sep. . francs. 32.25 32.75 32.50 33.00 32. í/o 32.25 32.60 ii Dec. 33.00 33.50 33.25 Mar. 34.00 33.50 33.00 33.37 ii 33,75 34.50 33.75 33.75 3Í.00 Hamburgper í/2 kilo. "g„ and Th_.siaMi;eg__ to wayiS_l.lv_?. Options. Sep. pfennige 27.50 27.50 27.50 whiljt 4-C°fl'e9^ ^°f Dec. 28.00 27.75 27.25 27.5S at 50 íhey arbebiind,&all onLto^tàntt ^ ^ ii 28.00 . ..00 2S.O0 2S.50 2á.25 lerhaps that accounts Mar. 23.75 27.75 28. OS for so many blind be^^nrs in n,, oh . ii 28.75 2S.75 29.25 23.75 2S.50 2S.76 too but scarcely for the coffee pox-murked*faces Any_fw we douIT0Uüb J . London per cwt. is anywhere more indulgéd in than ín rS_ í though and- we can scarcely be termed a robu f communi Options Sep. shillings coíTee cannot i lí^T 26/6 26/9 27/6 27/- 26/6 26/10 be half as dangerous as that emí?nM$' afbuf ,01 Dec. il 27/3 Mar. 27/3 2S/- 27/9 27/3 27,6 11 28/ 28/3 2S/9 2S/6 28/- 2S/4 SPECIAL MARKET REPORT Rio de Janeiro, August 14 1899 Monday, _ August 7. The market opened Íirm wibh commissártos'- prices ruhng between 9$700;and 10|000 arroba per of NeTrorí^pe where a shipment °m*- laSt ÍS^Ue 7. Shippers. showed but slight animation oflerino- of 2,310 bagí foi?Buenos Aivlm ^obusiness ° 9^,500 to§ Q«tAW ' the name of ^ ^^ being realised to the extent of 7000 bags Karl Vaiais insteg of Kar\ Kiusthe ^ In pointmg out these errors Messr. K .i»i Tr.,;_ t, • ¦, L, Tuesday, 8. Holiday. Ivnsche n§*% ^- V^^S^^^^^^- mark that if other firms are treated in .' ,in. . tics the1statis~ P1'ÍCÔrS firra at between published cannot be of much y ali e m^iw ana y^hUU. í-_nppers oílers .Were that líSolS^W-- °^ Say were on the basis of 9.^00 àn_.Q'_Rh"n we have always aimed a; aSsuràcv h f fí f™ at. which about 12.000 bags were sold, others, not the marketclosing!^nd9*,b00 always so particular.] 1^tkh^it^ ^Tndm^ ^ Thursday, IO. Great attained. Im this respect, t0 b° ; activity was noticeable amonerst commi^n howeye v our" friend-\ ^L^T nos, who maintained 9$800 arroba. end us important assistance by °an per A good demand carne folSívà ca lin ouTtten iL t°.lberaany from shippers at 9?600 to 9,?700 for tyPe° -abóut they observe, thus ensuring their rectificatonT. -^ errors No. 2- 000 baS or hexng sold, and at this price some furthe/business the editor to personally supervise ^y^m'0fí.e^f1^^^ the next was on the way ífr tistics that day, the market closing firm. y the absence ofanyreliable offiS I, nuoluminous ^t up and, so longas clerks US t0 keep Friday, 11. Holiday. are careless Sr ML^1-^e ceitai'1 In any case we can onlv sav th_t w_ _v ¦. to creep in. dealJf 'íSt, "', " 0^nnat^day' ^ ^^^^M^i raiiged between 9-S700 and expen.e bÔEÍ^oTtiSe aad móbey^andSelS" g0°d 9,800. Shippers' demand continued fair at fallible l^-' how^ei' amountingto 9$-00 to 9S700 Ah* irã our own statisties may be theT'_Íp »n Veve about 16,000 bags inclusive o#12 00C' better than a deal heen treated baJJ Ut,,' hadft those oi any body else. \ anJho^ great for on the Friday in spite ofthe holiday " lhe sales of the week amounted to 75,000 bags; — An easy tone has dominated the mark. t fn,. n„o.-i i movementemen, ot tho orop has begun t^Mm^ !^_Slí ..,..¦ æ æ ,.-,.,'..,._'¦ æ ¦¦¦ æ j. .;' i;.'?;. '¦ ' 15th, 1399. 542 The Brazilian Review. [August TO PLANTERS iil of only^ vety the receipts at both Pão and Santos are s although freer arrivals during thelattei in Coffee and Tea, niodcrale proportiins. Anticipating Wanted by a planter of long experience in August, Brazil has shown more of a dis- £? of thimonth and Rio ana from the 15Ü1 September. Understands the planting nnfiitinn to make sales. The lirm oílers received from both employment offers and bids no- of 36 chapters Santos have"been Sn a lower basis, and on these and manufacturing of Tea of good quality. Author ancUim0uj on Tea culture and manufacture in Assam. Published by the of about 30.000 bags, including Rio No at5R3/4ç.cost sail shipment at_6 l/Sc Observer, Colombo. Advcrtiscr hns been three years on and Santos Nos. 3 to õ ;or j^?í¦ N^T*ihd°'Sofrc, Ceylon ííot name better than.0.600 for Rio ISo 7 and Cottam. c/o Wilmot ever buyers would has been dull and a coffee fazenda in Brazil. Apply to PI. John for Santos No 4. The spot market for invoices Rio No 7 and 6.35. for No 4. The distnbuting Esq. Vista Alegre. Colônia. São Paulo. easíe? closin^?a 6cfor tendency been as notwithstanding the downward bis nesshàs quiet, been slow Io make tonruTes e*periencéà latterly interior buyers have have been fairly active. Negot.ations muS asn^ West índia growths ael- bee.i under way of some tairsized lines were closed whioh have have been the Eweakening siightly in their prices. Roasters pnn- 8rteto & Co* from K* cioal buyers0 although there has been some demand iobbers, to about 30.000 bags, closing at 7 l/2c or Sal* for \he week amounted dull. and 8c for do. East índia growths have been & fah Cucuta good closing witn sei- JUírtlmnís Jmpriín Falétóbkh^Sbeen freely offered at lower prices Commission at 10c, and for August-Ocbober shipment, there were leís on te spot of Commerce, ielíei at eqíal to 9 5/Sc, store terms. Weekly JL Rua da Alfândega EL GO July 1 7. TBLBGBA.PHIC A.DDKESS, ONETO-TilO Coffee Estates. In January last, in reply to a P, Q< BOX N- 1043 The Dumont ta recom- corresnonrlent, I referred to this company, and declmed its debentures. This proyoked a rejo.nder from míd^mu-chaseof issue of Heb- another of your readers, whose letter appearedin your in which he took me roundly to task for being lar BRÃHMà rvn-v 4th and here- GERYEJMIà I had pointed out the company V capital to toò pessimistic. Cumulativo Prefer- presented by £400,000 Ordinary Shares, £400,000 (BRAHMA EREWERY) Cent. Shares, and £400,000 Five-ancl-a-hal per^ent. eüS áèven per for which Debentures The company was constituted in 1896. interest For 1897 Ordinary Shares yeaiwa paid out of vendors' guarantee. anel for 1808 only half the Preference interest was paid. Jòt hofcliiii" " the Debenture U2 " At thí. rate of retrogressfm." I then" observed, ao, %n fi0tnn.k k lapranjiq, ultimately. Time has, ali too soün. interest might be in danger » nroved that I was right. Indeed, the event I so pessimistically lias come nearer and more rapidly-than even I bargainecl FRANZISKANER BRiü anticinated for tlie for since now it is announced that the Preference interest of this will be passeei, and 12 months or so hence, fSpeciaSitys first half year up, tlie unless something fortunáte, but at present imforeseeu, turns debenture holders may also be one of gnef and pain. Lei PILSBKTEB BBBR case of the or only us look at the figures. In 1897 the profits were £ 51,42o, of the amount required to meet debenture anil pre- two brands maniifeciured with picked mate- £2 425 in excess is These charles As £ 22.000 satislies the debenture. interest, it by consumers, and are ferènce °the seriously riais, are greàtly apprecialed evident that profits for 1893 must have decreased very and cases of 4S whole or 72 it necessary to two half-yearly preference payments ot sold in barreis, botties ' to make pass was £14 000 each or 28,000 in ali. The Dumont Coffee Company half-bottles. . . . formed accoreling to the prospectus, to take over the celebraSed eoílee For consumption in the interior, special kinds the Companhia Agrícola Fazenda Dumont, in the State ot estates'of ot are manufactured recommended by their particularly San Paulo These estates comprised abotu 110,000 acres ot land, 13,000 ocres were with coffee, and 20,000 acres avan- agreable flavour and easy preservatión. which planted suitable able for the extension of eoílee planting. the balance being of tobacco, sugar, maize, etc. Mr. P. R. Buchan- for the cultivation were an reported very favourably on the property, and the profits THE PROPOSED DUTY ON COFFEE in 1892 : £68.128 in 1893 ; £ 8(3.589 in 1894, and stated at £ 53,978 AGAINST BPvASIL £ 1^7 453 in 1895, while for 189o it was estimate! that the prolit TRADE UOUBTFUL AS TO RETALIATION 142,226. The vendors actually a profit would amount to £ guaranteed From the Weekly Journal of Commerce, July 10 for 1S96 of £120,000. However, from the first the experience ot the company was depressing, for the profit in 189(3 only reached £92,(305. coffee trade still remains skeptical in regard to the proposed vendors, under their agree- The Oli what a falling off was there ! The retaliatory duty upon coílees from Brazil, w.hich is authorized by rnent. made this sum up to £ 120,000, and average investors bhought law in case of the refusàl of that country to extencl íair directors were lhe áihgley things were going along very nicely, seeing that the treàtmerit to the United States. No attempt is made to àrgue that not only able to pay debenture and preference charges, but to give 10 is not very seriously considering the matter, £ 11,000 the State Department per cent. on ordinary, place £ 83,500 to reserve, and carry on the other hand. there appears a feeling that Brazil cannot company have become but forward. The diíliculties of the growingly aíford to have the duty imposecl and that she will be able to consi- acute, and its position to-clay is more than disappointing. The pre- delay by diplomatic action any proclamàtion by the Pre- may be should they dèrably férence shareholders are strickeh, and pardòneçl sident even if síie does not in tho. end make the full concessions want to know how much of the 1397 reserve of £ 83,500, and oi however. no intimation by merchants having should be desired. There is, £ 13,847 carry-forward is still at the clisposal of the board. I Brazilian conneetior.s that Brazil stands ready, when total of close upon £ 100,000 v/ell-informed sorry bo think that any great part of this forced, to make concessions. Therefore this cannot be given as a has l)een absorbed. the absence of the trade's interests in the subject. Dumont report has been roason for Since writing the above, the publis- In explaining why the coífee trade took but little interest in the The for the ended December 31 are shown to have lied profits year possible imposition of a duty on Brazilian coffee, a prominent coffee amounted bo £ 10,466, and, including £ 13,817 brought forward, the vesterday that in the Iirst tbe trade very much was required for broker said placo available balance' was £24,314. Of this, £21,989 that'such a duty would be levied, the general opinion being £2,325 to be carried forward. A sum doubted Debenture interest, leaving that either Brazil would enter into reciprocai relations with this of £ S.527, representing loss on realisation and depreciation in value or compromise would be made. out of cou'ntry or else some agreement of the Debentures purchased by the company, has been met for the trades seeiiiing lack of interest in the matter, fortli in the it Another reason reserve. My figures, as set preceding paragraph, he said, was the fact that stocks of Brazilian coffee are very abun-_ will be seen, are not far out. The reserve of £ 83,500 has been "Personally", he continued. "I should like to see and the carry over has been reduced to dant at present. brought down to £74,973, the duty imposed. for I believe it would beneíit jobbers and brokers £2.325. The directors assure us that their prospects for the cur- make a better market and the and would stimulate trade. It would rent year are more encouragiag, basing their hopes, not on York much of the trade of out-of-town buyers for eoílee, but on a crop for 1899. would bring to New likelihood ot a higher price good who now import direct from Brazil." The of coífee gathered on the eslates to the lõth July is said that, be had not heard of any cor- quantity cwts. to the A well-known importei* cabled as the equivalent of 46,700 cwts., against 25,500 between Brazil and lhe United States on the subject, it appears that 75,000 cwts. will respondence same date last year. and probable. and the only explanation he could give for the attitude of the trade be obtained. as compared with only 41,476 cwts. last year. Iam. iitlle if any reliance in of blue in was that coffee jobbers and brokers pbced glad to have this on official authority. It is a patch after the experience of last spring, when, aro not unduly swollen. The reported such reports, especially the horizon. if the expenses agitation over the subjecf. no war tax was placed upon m-v-'-: , low despite the causes of the seriously diminished profits for 1893 were the he was costly because the wide- sliort crop from the company's coffee. The result, however, said. levei of prices and an unprecedently of a tax brought in heavy importations of American Journal, July 22. • spread talk possible estates. S. eoílee: the market thus became glutted, prices fell and brokers and "¦'¦¦'¦'..'.' '¦¦¦,- concluded, ¦:.-¦¦'. 'itjobbers lost heavily. In the light of that experience, he We have been unable to find a copy of this Company's report was not to be wonderccl at that coffee men hesitated to put faith to in any of the London financial papers, but are entirely at a loss in the present rumo red tax. „ understáncl how with a dead loss of 623:878§100 ( equivalent to In connection with this subject. the annual market report ot tne about £20,000) on the year's working ofthe plantation, according New York Coffee Exchange, issued yesíerday, is of especial interest,1 to the report of the Brazilian Directors, the Company at home can as showing the statistical position. The report embraces, among sueceed in showing a net profit of £ 10,466 even if the 300:000'^ other data, statisties oí sales arrivals. and supplies. The total sales expended 011 repairs to the Albertina be debited to Capital account. at the Exchange durine the year 1S9S-9D are given at 4,030,500, as There are of course wheels within wheels in ali companies, but compareci with 4,277,500 during 1897-93. how a loss in Brazil can be converted into a profit in London is a The arrivals of coffee at the leading ports in this country aur- • in lhe transmutation of which we await explanation with interest. ing the year, wilh comparisons for previous years, are shown following table : AMémsm. Tc: August 15th, 1899.] The Brazilian Review. 543 "* S_ Ç2 O _* Oí £J CO ».*• »- >r QQ 00 CO C0COf>íCO SHIPPI1TG ARRIVALS AT THE PORT OF RIO 22 ío cj ?>> !0-r-r co co o--co ío -o cocooíoo *•* r* r* #» e» r» #• c» #.#*#» e. r. r> r»r»r*r» S tal FOR WEEK ENDINO 12tH AUOUST 1899 I ia Oí OO IO CO "* CO «O tr «D IÍ5 IO rfi 2 COCO-hO Ê™^3 n> *• »• r> «* DATB NAME FLAQ DESCRIPTION J.y,J WHERE FROM 09 —| O» IO Oj —< CS IO Oí CO IO "sH 2 Oí OOf<5 "* o co -H io •*¦> o eo ío ,«h «o,eo oo t- ^ri t- co __.!a •** co o oo -* -tf — ^wmií5 ig. 4 Aquitaine French S. S. ² Marseilles B. C. Andrade Brazilian Sch. ² Cabo Frio Ashlay British S. S. ² Buenos Ayres 5 Colônia French tio ² Havre VESSELS CLEARED FROM THE PORT 0F RIO 5 Washington Italian do ² Genoa I)UR.INa TIIE WEEK ENDINO AUGUST 12fcll 1899 5 Attivitá do do ² Buenos Ayres 5 Bellena British do ² Xew-York 5|Jris Brazilian do ² Rio de Janeiro TON- - DATB NAMK FLAa DESCRIPTION „. „ Ä DESTINATION 7 Roman Prince British do ² New York NAGli 7 Palestina Braziiian Sch. ² Cabo Frio Sierra Cordoba British Bq^ ² Lobos Island Rio Pardo Brazilian S. S. ² Porto Alegre Danube British do ² Soutampton 7 .Marseilles 9 Nórmandia Brazilian do_ B Itajahy August Aquüàine French S.S. ... FaJirwoUl German Ship ² Iquique 7 Washington italian do .... Genoa 10 7 Trieste & Fiume 10 Alexandria Brazilian S. ^. ² Desterro Pandora Austrian do .... German do ² Hamburgo 1 Dart British do -2.057 Bahia Branca 10 Asuncion. 7 Nórmandia Brazilian do .... Itajahy 7 Bahama Brttisli kugger 321 Cape Town 7 São Francisco Brazilian Schooner 34 Cabo Frio 7 Rio Pardo do S. S. .... Porto Alegra SHIPPIIsTG- ARRIVALS AT THE PORT OF SANTOS 7 SatUeiiandshire British Barque 1.5i9 New Caledonia Nossa Senhora da DURINO THE WEEK ENDINO AUGUST li 1899 Àssumpção Brazilian Schooner 32 Cabo Frio S Duchessa di Ge- nova Italian S. S. .'.-.. River Plate TON- NAME FLAG DESCRIPTION DESTINATION S Thames British do .... do DATE NAGE Alexandria Brazilian do . . . . S. Francisco 8 Parahyba French do .... Santos S Dous Irmãos Brazilian Schooner 33 Itapemirira S Felicc do do .... Itajahy Aug. Lizzie Ross Norwegian Bq. í.l'i2 Savannah Pluwouco do do 20 Cabo Frio Attivitá Italian S. S. 1.615 Genoa ? 9 Georg German do 288 Port Elizabeth L. F. Munson U. S. Sch. 35 Rosário Lapa Braziiian dõ 30 Cabo Frio Washington Itilian O • O « 1.245 Buenos-Ayres 10 Danube British S.S. .... Southampton Trier German do ii9SS do 10 Itauna Brazilian Schooner .... Porto Alegre íris Brazilian do SS7 Montevideo 10 Tiqp) do S. S. .... Santos Vasco da Gama German Ship 1,475 London 10 Itaparica German do .... do 5 Kéliféioèiãer do do 1.290 Hull 10 Vencedor British Brazilian SSchooner .... Mác.ati.Ô 7 T-icickenham British S. S. 1/613 Cardiff 11 Golhic S. .... London 7 Taypu German do 316 Rotterdam 11 Bellena do do .... New York 7 Asti do do 1.0Jà New York 11 Salinos Brazilian do .... Pará S Rio Pardo Brazilian do 517 Rio de Janeiro Ü Garcia <*o do 220 Paraty 8 Etíclid do do 7o3 Mossoró 11 Itayd do do . . . . S. João da Barra 8 Olters-pool British do l.SíO Rangoon :r. 11 Penrhyn Caslle British Barque. 1.349 Iquique 9 Nórmandia Brazilian do 205 Rio de Janeiro Cabo Frio 9 Paraná British do 1.961 Cardiff ii Almirante. Brazilian Schooner 195 ¦ •-• ii Oceano do do 100 - do- 9 Danube do do 3.4'25 River Plate 12 Asuncion German S. 6 Hamburg 9 Alexandria Brazilian do 300 Rio de Janeiro 12 Sud Argentine do 85 Buenos Ayres 9 Minas Italian do 2^204 Genoa 12 Mandos Brazilian do . . . ,. Manáos 9 Lina German Bq. 1.323 Newcastle * do l do .... Victoria 10 P.araJi yba French S. S. 1.SS5 Havre 12 Piuma .... 12 Itaituba do do Porto Alegre 10 Marujo Brazilian do 7S3 Pará 12 Cuvier British ...do...... Santos I I T B__^ Wm^EmwB^^^^^^ 15th, 1899. 544 The Brazilian Review. [August The followinj? The Amazon Steam Navigation Company. AND SAILING FOR RIO as compared LIST OF VESSELS AFLOAT figures will show the result of the past year's working AS PER LATEST ADVICES with that ofthe four previous years : 1894 1895 1896 1897 1898 FLAG AND WHERE FROM NAME £ DESCRIPTION 198,359 257,775 Earning8 566,S57 500.2SS 205,980 salaries. re Charges, 234,865 Po. bq. Oporto. July 6 etc 427,677 425,323 185,082 175,091 Adelina April 26 pairs, üer. s. Saigon. Balance to profit and Alice Rangoon May 15 74,965 20,89S 23,268 22,910 Anlarcs . loss 139,1S0 Anlioch .... New-York and on Br. s. s. Cardiíf. . . July 19 Interest profit Caslanlios . . . . Mar. 30 sale of Consols, 7,920 10.335 20,836 5,279 7,004 Julia... Br. bq. Grimsby . . Dona Barry . . . June 10 Expenses 111,674 70,306 17.919 13,038 10,598 Durham Br. s. Ger. bq. Barry . . . June 10 Transfer to reserve. nil. nil 2,000 nil. nil. Ema. . . July 6 c 6 c. 5 c. 4 p. c. 4p. c Eãenbridge, . . Br. s. s. Cardiff. Dividend 7 p. p. p. Po. Bq. Pensacola . June 12 5057237 505,237 505,237 505,237 505,237 Franzoni . . . June 26 Capital ...... Glad Tidings. . U. S. Bq. Baltimore . 35,577 68,223 19,13S 10,907 17,707 Tt. bq. Pensacola . April 26 Sundry creditors. Grazia . . July 17 Jlandel Br. s. s. London . No. bq. Saguenay. . Jane 10 Harcest Queen . . Trust in Brazil.— Consul-General Seeger writes Hero Stockholm Steamship Br. s. s. Rangoon. . June li from Rio de Janeiro, March 29, 1899 : Jser bq, Hamburg. . June 10 Istro No. 1 Since March 15, the freight rates established by the European Cardiíf . . . Mar. Brazil the Jotun . . June 2 steamship trust controlling the transportation between and JCambira. . . • Br. bq.. Norfolk bag oi 60 kilo- Br. s. S. Rangoon. . June 24 United States are 40 cents and 5 per cent prirnage per Kirkdále .... 31 la3t August, the Br. bq. Bangkok. . May g.rams (132 pounds) between Rio and New York.Since Ladas June 5 again to suit the Lãndskrona . • 1'ensacola . ifrei^hts have been raised and lowered and raised pur- '".-.•'• Br. s. Swansea. . July 15 have reached their levei.Whether they Lalimer .... • . June 21 poses of the trust,till they present Mances U. S. S. Baltimore not, depends on the view taken by the manager bq. Antwerp. . June 25 will remain there or Marco Pólo. . . Ger. the ability ofthe coffee trade to stand another rise. . Br. s. .. Norfolk . . June 21 of the trust as to Netlleton. . . . June 5 enough here for all the steamers belonging to the trust, Oregon Pensacola There is coflee No. bq. Rangoon. . June 10 American vessels that venture into this port; but, as a Parltnook, . . . 4 and for the few • Tt. bq. Pensacola . July sailing vessels, not chartered by coffee importers, have to Pensacola . . do June 30 rule the Premier .... Br. s. s. leavè for the United States in ballast, and independent steamers seem Prinee Rub^rt • Glasgow . . the Brazilian trade. Marsèilles . June 6 to have been eflectually blocked out of San Antônio . . Ital. bq. with coílee shippers here to Po. bq. Oporto. . . July 6 The trust has an agreement the pay TriumpiM . . . June 16 cent at the end of every six months, from the Vega Da. bq. Hamburg. . them a rebate of 5 per date ofthe agreement, on all freights collected; provided, however, that this rebate is forfeited in case the shippers give freight to any not belonging to the trust, during the period stipulated. Through FOR SANTOS vessel LIST OF VESSELS AFLOAT AND SAILING this arrangement, the trust controls the regular shippers, and Ameri- AS PKR LATEST ADVICES can vessels go home in ballast. It seems that these conditions should be brought to the attention of the leading merchants and capitalists in the United States, with FLAG AND FROM securing adequate action bò remove the obstacles in the NAMB WIIERE a view of DESCRIPTION way of American enterprise and trade in Brazil. COAL EXPORTS FROM GREAT BRITAIN Ge. bq. Barry . . July 3 Antuco THE MONTH OF JUNE Arcturus. . . . No. bq. Antwerp . June 9 DURING Argus Liverpool July 18 From Cory Bros. & Co's Export List Sankhall. . . . Br. bqT Tyne. June 13 Da, bq. Hamburg. July 14 Éden 4 Elise Ge. New York June 0RIGIN S. WALES X0RTH COUNTRY SCOTLAND Y0RKSI-IRE TOTAL EUen No. bq. Liverpool Apr. 20 Lance fteld . . . Br. bq. Pensacola July 10 Paquita . . . . Ge. bq. Hamburg. Apr. 27 t_ -S* -t- June ¦s Professor Kocli. Tyne. . . 18 to *_ si Hamburg. July 14 Dcstinatiou CS Vera...... Sw. bq. Vi w SS E_ o» O» tons tons tons tons tons •. 3,450 THE FREIGHT MARKETS Bahia (sail). . 15/6 1,251 2,199 R. de Janeiro S.S. 12/- 28,350 3,118 31,468 Market. Chartering, says Fairplay of 20th July, has 9,141 Home Pernambuco (sai!) 16/- 9,141 14/6 a large scnle during the week, owners holding out 10,432 not been on 'Coal "Walespast Pará 16/- 10,432'297 14/6 for better rates. rates from to Rio were quoted at 12s. R. G. do Sul . . 26/- 24/-25/- 20 317 to 12s. 3d. S. Catharina . . 20/- 1,944 16,128 Argentine Market. Trade with the Brazilian Coast, in the Santos 16/6 11,315 18/- 2.869 779 chartering line, has lieeu limited to two sailers wilh hay but a fair Maranhão. . . . 14/6 779 14/6 business lias been done in ai full rates, a fair of parcels quantity 1,944 71,715 flour having gone forward to Santos. Total for June. . 61,565 8,206 Local Market. Engagements during the week ending August 12/1899 were as follows :•— By Mr. Wm. Mac. Niven: (bags) "York 24,000 Per S. S. Bellena. ... for New ,, Ä Colèridge. . . . ,, ,, ,, 27,500 ,, ,, Paraná ....,, ., ,, 15,000 ^woi°!&sliops ,, ,, Asuncion . . . ,, Hamburg 10,000 Marble sluo^sv rooms suad ,, Ilaparica ... ,, Hamburg B 6,000 ,, ,, Nagy Lajós . . ,, Trieste 8,250 UNDERTAKB „ ,, Orione „ Trieste 8,000 MAUSOLEUMS, MONUMENTS AND STATÜES By Mr. Luiz Campos : Per S. S. Duchessa di Ge- CR0SSES AND T0MBST0NES 0F EVERY KIND nova...... for Genoa 7,850 ,, ,, Cittá di Torino ,, Genoa 1.750 After the most modem and artistic designs ,, ,, Thames .... ,, Cape 850 „ ,, Elbo ,, Southampton 3,000 By Mr. João Delduque: Per S. S. Aquüane - . for Marsèilles & Levant. 7,962 ,, ., France ,, Marsèilles & Levant. 4,975 ,, ,, Chili ,, Levant 1,250 ^m^ ¦ ¦ b\ ____ ¦_¦_- Eã» I 11 ,, ,, Caravellas ... ,, Havre 750 Total .... 127.137 32 RUA DA ALFÂNDEGA RIO DB JANEIRO Current Coffee Rates for the Week ending August 12th for Rio and Santos remained the same as the week before. P. 0. BOX. 52.- RIO DE JANEIRO '.?..«^•ll»l- Rumours of a fusion between the two Italian Steamâhip Com. Undertakes the sale & purchase of Securities ofallkinds. panies, La Veloce and Navigazione Generale, are declared by the Discounts and loans on mortgage or collaterals, and all Herr Vossische Zeitung Io be unfounded. Ernst Brockelmann, of JEIam- descriptions of banking business. burg, is now at the head of the Veloce Company, Signor Bruzzo having resigned the position of manager on the 30th Jíme. AGENCY IN SANTOS P. O. BOX. N. 86 \ra Thames British S. S. .... Southampíon êS tj< co co 7 Duchessa di Ge- nova Italian do .... Genoa 7 Felipe Lussich Argentine do 1.221 Buenos Aires 7 Washington Italian do .... do 53 CO • CO CO t^ «? O O L"5 -H O GO 2 iO"*OíO •¦• 7 ^^ »* r« #> w> •» r- #» r» A #» #¦#•#> »» íris Brazilian do .... Montevideo 3."3 •o^htocMflomo