Locomotives for PASSENGER and FREIGHT SERVICE

#1€ <_praz tttatt cffl.ettum

VOL. XV RIO DE JANEIRO, TUESDAY, Jane 6th. 1.H1 N. 23 BALDWIN LOCOMOTÍVE WORKS PHILADELPHIA, PENNA., U. S. A. =_=== Cable Address: — "Baldwin, Philadelphia." == MANUFACTURERS OF FOR BROAD AND NARROW GAUGE Locomotives FOR PASSENGER AND FREIGHT SERVICE

•^^•^^í^te^^'*^ -y»ti

-\/yys\P ¦ '!** f.^, ... .a , .' -"z-1!-— |j*

r"'T*'"" '-ÍT^f^w^V _¦_¦ínggpg 1ü_7Í)___-1T Dr' É5__^T^-_í_^__t__D-^*k • '_Z_T .^r^-^iJsr--.: 4^^SJ___-_^__^____ii: gaiE-lj^g^\iÇ___

Locomotives particular/y adapted for Logging and Industrial Purposes and for Mines and Furncces, Plantation Lcccnwtnes fcr Pcrn anent or Portable Track, Electric Motor and Traifer Trucks for Railway and Suburban Service Representatives for Brazil:—NORTON, MEGAW & Co., Ltd.—N. 112, Rua Primeiro de Março, N. 112— Bio ce Janeiro

Cable-Address BORLIDO-RIO BORLIDO MAIA & Co. P. O. B. 131 Head-Office RUA DO R08ARI0, 55-58 -Rio de Janeiro-Brazil

ESTABLISHED 1878 fc^;'TS*^^;y3» General I>Iercl-arits, Importers «te Contractors- SUPPLY THE PRINCIPAL RAILWAY AND STEAMSHIP COMPANIES OF BRAZIL Importers of Kailway Appliances, Tools; Repair Material for Cars, Locomotivas. Boilers, Wagons; Lubricating" Oils, and Greases. Burning" Oils; Carbide, Kailway Apparatus, Industrial, Agriculti. ~* and Mining Machinery, Implements, Tools and Supplies; Packing, Pumps, Sedes, Safes, Artisans' Tools; Rubber, Leather and Canvas Hose ; Galvanized Iron Tubes, Portable Buildings, Wire '',-' Metal; Paints, Colors, Bntsl.es Coaclibuildc-c' Babbitt ; " Electrical Machinery and Suppliec' Builders' and Plumbers' Supplies; Sanitary Ware; Wool, Canvas and Dtick. Roofing and Lining Material, etc. AGKJNTS A_NI_> KM.PKESIOINTATIVKS for

R. &J. Dick, Ltd. GlaSgOW - Original Balata Bclting. Mander Brothers, London - oisina WaterPaint. BHven & Carrington, NeW York - Lubricating'Oils and Greases. Wm. SimonS & Co., Ltd., RenfreW, ScOtland-Dredger Constructors. Enfield Cycle Co., Ltd, Redditch, England-RoyaiEnfieid Cycies. Bickford Smith & Co,. Ltd., Tuckingmill, — Safety Fuscs. W. B. Brown & Co. (Bankhall) Ltd., — steel Wire Ropes. The Vaporite StraWSOn Co., Ltd.,London"Vaporite" for destruetion ofpests in the soil, Tel cora ms : Telephone Post Office Box ««KI?I L> B R 211 ISS". 165 INo. -4.86 IMCillíS : Rua da O-stxxxteôsi No. X

DAILY PRODUCTION: 10.000 BAGS. iiioai> oi^pice — 48, MOORGATE ST. — loini^oin e. c.

BRANCHES

B. PAULO. — 4, RUA DA QUITANDA. BÜEN09 AYRK^. - 335. CALLE B. MITRB

KOSAKIÜ

1086, CALLE SANTA FÉ

AGENCIES

Victoria, Bahia, Maceió, Pernambuco, Ceará, Curityba, Desterro, Rio Grande, Pelotas & Porto Alegre. MI ' MARKS "IS ACIOJN A L" "SEIVIOJOIJN A" "BUDA-NACIO IS A I, * «'JBKAZILEIRA'' "GUARANY" AND POR SUPERIOR1TY HAVE BEEN AWARDED Gold Medal Paris 1889.First Prize Brazil 1908. First Prize Brazil St. Louis 1904.First Prize Brussels 1910. OFFICES :--RUA DA QUITANDA, -108--RIO DE JANEIRO.

112, Cannon Street London E. C. EG1NEERS, MERCHANTS AND Contractors for Railway Mat

TELEGRAPHIC ADDRESS -FOUNDATION" —LONDON

Bahia-Nathan & Co., Rua das Ptúneezas, 6 C. do Correio, 157. - Telegrams, "NATHAN" - BAHIA

Rio de daneitro-Fny, Youle & Co., Raa da Alfândega no. 10 C. do Correio "FRY"-RIO 21.-Telegrams, JANEIRO p p Societe Financiaiu CiircÉ franco Mu D <^— —^

Succs: of NA TH AN â CO,

$* ?AÜLO © A ' saoto*IW RUA DE S. BENTO 43 e 45 § Rua Quinze de Novembro 13 Caixa do Correio 0. Box) K. (P. jgj Caixa do Correio (P. 0. Box) 147, " Telegraphic Address: UPTON" ® Telegraphic Address: "WYSARD"

Importers, Exporters and General Merchants

vi/ GMlIlra csMlíro_¦

SPEGIALITIES: .orai Bell 6> Railwav llateriai Paink (Jáiiiin

kieiiltiir(li 1ind

Industrial laÉínerç Sole representativo in the State of General Hardware, ' i___r f*______^_____o_itt______w_p-^^^______E____r^____l_P -*•**¦ **--__' .*- 1 Sâo Paulo

Gas and Water OF Pipes and Fittings. fie Stautol.il Co.,

' OF NEW YORK IRON, STEEL, *.***>-S-v^f -E-K-l ' .______[_ /**¦__! BB^T I ^^|¦_r_IE--_-lHH_HSBhH

^^^^^^B __H__I_^_l_^_Ks*__H_^E_^_H_H COPPER, BRASS " 3"Rk_.''.'*-¦' " au it» íllOlllDNvii Wl i ei ord AND OTHER\ METALS. Department.)

oJiim ^iiuvs 1VÍ t

Cêhwgiw»t» &oai**&t»d Open to accept sole Agencies in the State of São Paulo iirc n nu i ith HMD PAUIS I - IAM RO. .. §_? % ,.__?§_É <____S^ JTç^o^ ^VVÍV->^ V * _¦_____& m__H_I~ ^_r ^^j^aZ0 ^w °/ ' ._^

^__L___P^^^ ^^O rVrA _* *¦ ^ ^ V' ^_X^____ü ___ ^^^^

_____^_¦_^_. ^_it^" 1^" _íf5_^__________.___— ^_(^__^^ /v A!»*,» V , _*^ _t_^^^_l__JI^ >^á^ //V\5^ -_- Hk j_k sr o)

THE SAO PAULO TRAMWAY, LiGHT AND POWER COMPANY LIMITED iii:ai> ofi-kk. tokojnto, cainada- jnidw yohií offick, 25 BKOAD STD. SÃO PAULO, PRAÇA ANTÔNIO PRADO No. 1 — RIO DE JANEIRO, 76 AVLNIDA CENTRAL The city of São Paulo, which is the capital of the State of São Paulo, Brazil, is situated in the valley of the Tietê River, 800 metres above the sea levei and 35 miles from Santos, the sea port oi this State. The climate is delightful throughout the vear, resemblingr very closely that of Southern Califórnia. São Paulo is a city cf 300,000 inhabitants and may easily be seen by travellers touching at the ports of Santos or Rio de Janeiro, the jorney from Santos to São Paulo by railway taking' 2 hours and from Rio to São Paulo 12 hours. On account of the natural resources of the State of São Paulo and owing to its peculiar location, the City of São Paulo is one of the most important commercial centers in South .America. THE SAO PAULO TRAMWAY, LIGHT & POWER CO. LTD. operates ali the tramway lines in São Paulo and supplies ali the electric light and power. Electricity is developed hydraulically, utilizing the falls of the Tietê River, some 35 kilometres below the city, is developed 12,000 H. P. there at present and works are now in progress for a large inerease to the the Company plant to enable to meet the constantly incrèasing demand for power. Four distinet circuits on two separate steel pole lines convey the current from the Power House to the Substation in São Paulo is where the current converted for tramway, light and power uses. The Company operates 125 kilometres of track, coveringthe entire city. The population of the city being largely Italian, good labor is readily obtained. This and the cheap rates for power is causing many new manufactories to be built. Information concerning the resources of the country and that relative to the establishment of new industries, prices for power etc. can be obtained by application to any of the offices of the Company. = IMPRENSA INGLEZA KRITISH JPRIIN _DIISO WORKS WILEMAN & Co. Ali kinds of printing carefully and quickly executed. ^>^ShtílJ Specialities : Tabular work, iucludiny Timetables, Tariífs, __'¦__, _____ I mr^Bfcw aud Statistical work of ali kinds. I«> \ ievv of the lieavv duties on printed matter, _C_j<£lisli liniis aud companies A"\ ill íind it advaiita^eouei :., I \j.é iijjin11\\m/ to luive their liookw and Stationary done io lirazil. |p| g [|| ESTIMAI rs SIEM1TTED 0N APPLICATION 61.75.rRUA CAMER1N0. 61-75;Telephone: 1966 relegraphic Address: 'REVIKWRIU DE JANLIR0 t-„ ifrlf ' m s W_J§traíra 6th, 19 VOL. XIV I RIO DE JANEIRO, TUESDAY, JUNE HQTEü AVENIDA ~ HIO DE JANEIRO SOUZA CABRAL & CO 162, A.VE35J TIDA. CBNTEAL, RIO DE JANEIRO

-!'¦¦'¦¦¦' -•"¦¦¦ •i'l"-^M| A²•w'..!'..'.'. OCCUPIES A THE LARGEST COMPLETE BLOCK

AND MOST IMPORTANT MAGNIFICENT

ACCOMMODATION HOTEL IN BRAZIL GRAND' LIGHTED HALL FOR PUBLIC

THROUGHOUT BY DINNERS &

ELECTRICITY. RECEPTIONS. 220, R00MS, 220 _ ELECTRIC L1FTS TO ALL FLOORS "AVENIDA" TELEGRAMS: - TELEPHONE, 2873 The Western Telegraph Company, Limnea ONE MANAGEMENT. W.THSOUTH AMER.CA UNDER THE ONLY D.RECT ROUTE CABLE STATIONS IN EUROPE AND : AMERICA:- CABLE STATIONS IN SOUTH AMERICA NORTH WESTERN TELECRAPH COMPANY. EASTERN TELECRAPH COMPANY. az LI:— Br 11, Okl Broad Street, E.C. Para Campos Bailes No. D- London: (Travessa Baltiu Exchange, St. Mary Axe, E.C. Maranham, Ceara. _f/^45ifífv'"""«t«^\ The Perutmbueo (Rua do Cominercio No. 3). UW, Mninl, W.C. Bahia (Rua das Princesas No. 7). Liverpool: K 3, Exchange Buildings. Rio de Janeiro (Avenida Central No. 117). ^m^^^\ /Ab Éâaa\ \WwAmfiQ w-wÊ? Manche ter: 14, Spring Gardens. San os (Largo 11 de Junho No. 4). m âaaaaaawâamaaa\ âarAamaam waawy/àzAmf S. Catharina, Rio Grande do Sul. Olasgow: 5, Boya] Bank Place. 1 iaaaaaaak*. j |m^^h I'vVdi»ii Bmldinjs, Uruguay:— Hewcastle-on-Tyne: K, Exchange Montevidéo (Callo Oórrito 116). Exchange, Bute Docks. Argentina: - Cardiff: 33, Merchants' Calle San M.irhn). Buenos Aires (287 and 291, Madrid: Calle de Ia Pucbla 14. \WB^L.MAPERNAMBUCO'agf Mi ailiáÜgk, / RIVER PLATE TELECRAPH COMPANY. Marseilles : Hotel des Postos. George*s. Argentina:— \^9Plm»Ü«é RIO JANEIRO Sl/Àawà»*?¦!.M05'.«-iüi3// Malta: Central Station, St. and 291, Calle San Martin). 1 liBQlMKf! ««santos/ÎTM^^Bf\m^^r^^^^^ H^HJBBHA /# Buenos Aires(287 V

.PLHiA-to-JüTo americA. S0UT|| Madeira. PLACES. , JtalyVia Malta, From SOUTH AMERICA to ALL ... Via East'rn Madeira. Great Britain ... Madeira. BBAZXL'.'.". ••• via Western. Madòre. s ain „ Eastern Via Madeira. k North „ Angleterre, Uruguay Prance-Paris, Bt. Vincent. ArgentinaI via Rio de Ia Plata. South „ Ma'te, Madòre. Portugal ... » Faraguay I Madeira. ••¦ •• Emden, Vigo, America and") CKFunta Germany North Commercial. Via Rio de Ia Plata. Madère. ,, Arenas ... . Eastern West Indies) Places ... Via Eastern. Belgium••••• Ali Other Emden, Vigo, Madeira. PeiSi I via Cable West Coast Holland ...•• BolíviaI 21<". Sefton, Caixa 13 | HAMBURG: Glockenglesserwall PORTÕES; K.W. PARIS: 37 Rue Caumartinl ANTWERP: 61 AvenueMariecoMVAXY- EUECTRA HO^SE^^ June 6th, 1911. 558 THE BRAZIfjIAN REVIEW. «th...KM ^Jlittii For Europe %\t §n]\\m Jwrôi June 7.—NTLE. Royal Mail, for Sou.bampton. Editor - J. P. WILEMAN 7.CHILI, Mess. Mar., for Bordeaux. 7.'__() RI TA, P.S.N.C, for Liverpool. OFFICES—RUA CAMERINO No. 61. 14._AVON, Royal Mail, for Southampton. >» 17.—-K. F. AUGUST, H.A.L., for Hamburg. P. 0. BOX: 472, RIO DE JANEIRO. t > 21.—-ATLANTIQUE, Mess. Mar., for Bordoaux. " " !y P.S.N.C for Liverpool. TELEGRÁPHIÜ ADDRESS: REVIEW RIOJANEIHO 22.—ORAVIA. !t 22.FKISIA. Royal Holland Lloyd, for Amsterdam. !> S. D. G.. for Hamburg. Subicrlptlon: 80$ or £4 per annum. 27.—CAP OBTEGA1-, H. !» Royal Mail, for Southampton. Payable abroad by sight draft. or choque crossed British Bank of 28.— ARAGON, South America. July 5.—MAGELLAN. Mess. Mar., for .bordeaux. 5.—ORONSA. P.S.N.C, for Liverpool. Copies• H*00 Soperate 10.—-CAP PLANOU. H.S.D.G., for Hamburg. Back Numbars11000 12.—ARAGUAYA, Royal Mail, for Southampton. £ * — 16$000. 13.—ZEELANDIA. Royal Holland Lloyd, for Ams- terdam. 19._CORP>lLLERE. Mess. Mar., for {Bordeaux. AGENTS:— > > 20.—ORCOMA, P.S.N.C. for Liverpool. MIO OI .ANIIIIO- CRA8HLEY A Co., rua do Ouvidor No. 3S. 22.—K. WILHELM TT. IL A. L„ for Hamburg. •AO PAULO- 26.— AMAZON, Royal Mail, for Southampton. HILOEBRAND A Co., rua 15 de Nover.ibrs. Aug. 1.—CAP VTLANO. H.S.1LG., for Hamburg. 10LI AOINT8 FOR ADVIRTI8SMENT8 IN THE UNITED KINODOM- o._ORIANA, P.S.N.C, for * Liverpool. 30. Cornhlll, Londoii, K. <'. C. 8TREET A Co., Ltd., o -AMAZONE, Mess. Mar;, for Bordeaux. NIW YORK— 8.- -CAP VER PE. H.S.D.G.. for Hamburg. O. R. FAIRBANK8, 6S, Broad Street. o.. -ASTURIAS. Royal Mail, for Sou.hampion. For River Plate and Paclflo JlllK -ORIANA. P.S.N.C, for West Coast. Ali oommunloatlons to be addressed to the Editor. 12. -ABAGON, Royal Mail, for Buenos Aires. -CAP ORTEGAL, H.S.O.G.. for River Plate, Announoements of Births, Deaths and Marrlages eonoernlng " " Mess.. Mar., íor River Plate. •ubsoribers and friends are Inserted In this REVIEW free 19.—MAGELLAN, af oharge. 20.—-ORISSA. P.S.N.C. West Coast. 25.ZEELANDIA, Royal Holland Lloyd, for River SCALE OF CHARCES FOR ADVERTISEMENTS Pinte. IN ORDINARY POSITION8. 20.—AR ACUAVA. Royal Mail, for River Plate. 62 Insert»28 Inseriu13 Inferiu 6 ln.ertc 4 Inserls SíiikI» For the United States BPACE por insertper insertper inucrt per h._ert por inseri inseri lunc 15—;\ SI ATI ( PRINCE. Prince Line. for New York. r» £3 10 £ 4 0 6 1 7 lõ 0 0 On. Pag- £3 £ 6 £4 £5"J New York. Half Page 1 12 *1 15 2 0 0 2 6 0 2 7 6 10 16.Vp:UI)l, Lamport & Holt, for Third Page... 12 16 '. 7 ü 1 10 0 1 12 6 1 15 July 3.— TENNYSON, Lamport & Holt, for New York. Quarter P-ge. 17 18 10 0 12 6 13 9 15 V' acros, pogo 6 7 6.S0 9 0 10 0 11 16.—VASARI, Lamport & Holt, for New York. l/2"x8'' 3 4046 5 0 56 6 Holt, for New York. 1/2*'X4 1923 - 6 2 9 3 Au_r. 3.„BYRON". Lamport &

Tbe 52 and 26 Series Ratos are for Consecutire Insertions. FERREIRA IRMÃO & O, W or 6 Insertions are quoted for upon the understauding that the Advertisement appears at least once a month. Specialities:—Fruit and Ice. Fresh Fruit ali the Year RouncL lUJetal and tfabbe? Printing Stamps 4, Rua Primeiro de Março, 6 Interchangeable Type, Wax Seals, Stencila, Sign Cold storage goods imported from tha United Markers, Stamps (trade-marks) and Type for States, Europe, etc. marking Coffee Bags. No. 38. eU Telephone "Fructagel" Business Sígns Engraved. Caixa (P. O. Box) 673 Telegr.: S. T. LONGSTRETH, No. 22, Rua Nova do Ouvidor. Telephone. Central 704 Rio de Janeiro.

~~TIIE BEST BÜOT IN THE MARKET FOR STRENGTH AND FLEX1BILITY COMBINED WITH LIGHTNESS & DURABIL1TY~~

LARGE STOCK ALWAYS ON HAND IN THE LATEST STYLES •¦ i. \ _> o rr». _^^ ^>X COMPLETE ASSORTMENT OF URANCHEB BRITISHgilOSlERY, FOOTBALLS, LEGGINGS (.raixl Prix l!M>8 WATERPROOFS. Rio de Janeiro: RUA DO OUVIDOR. 105 RUA DO CARIOCA. 38 RUA URÜGUAYANA. 88 RUA CAMERINO, 176 (Comer oí Rua Larga) do Ouvidor, 105 NICTHEROY: Rua RUA V. RIO BRANCO, 216.. BAHIA: RUA FORMOSA, SI RÜA CHILI, 17 3SÒIO -DEI JANEIRO I. PAULO: RUA 16 DE NOVEMBRO, 45 RUA 8. BENTO, 8 AVENIDA R. PE8TANA, 238 lANTOt: RUA 15 DE NOVEMBRO, 74 PERNlMOUCOl AGENTS IN ALL THE PRINCIPAL CITIES OF RUA BARÃO DA VIO- TORIA, 81 Rim das Andradan. SRÍ BRAZIL PORTO ALEGRS 559 June 6th, 1911. THE BRAZILIAN REVIEW. BorlídO Maía & Cò.S Advertisement Page

~~P. O. Box 131 Rua do Rosário, 55, 58 Cable ¦ Address ¦¦ BORLIDO Rio de Janeiro flP AGENTSAí FOB~~

~~DICKS PATENT BELTINQ Tilegraphlo Addreii: " CUTTA PERCHA," GLA8O0W. R. & J. D1CK, LTD. Greenhead Works, GLASGOW~~

~~iiisa^Ai--r.i_^njh_r> 1810 WM. SIMONS & CO., Limited Shipbuilders and Dredger Construetors t^COlJuAlND BPNFRFW Engineers, DREDGÉRS OF ALL DESIGNS AND CAPACITIES~~

~~CONSTRUCTKD BY SAME, INCLUDING :-~~

S_^$^^Pump Dredgérs for Canal Works. KoCK ureatin0 PontoonBucket & "I~"_T^fc ___.D UM._-.,_»-¦_¦-_ BER »tHOPPER /"V ¥ » T \ r***» BARGESA T^ /"""* 1"? _*^* STEAM HOPPER BARGES G1.AB CRANES BARGES WITH HYDRAUL1C AND STEAM , r „;_oisc pnnv iikmi 1 BARGES lONGIN-OS AND BOILRRS, REPLACK

~~WATER PAINT ©Unia Made bv Mander Brothers - Wolverhampton PORTLAND CEMENT. BHAf-D j. B. White & Brothers~~

~~^jEFLoysal :_E3:i_x:F±©1<_1." Enfiei- Cycle Co., Ltd., Redditch. Bicycles of every description~~

~~Bickford Smith & Co. Ltd. Tuckingmill. Safety Fuses ENGLAND~~

~~• _» * & Carrington, Lubricating Oils oí Bliven 5S5_3535K^»**5^^«***>»"~~

June 6th, 1911. REVIEW ¦¦'_(**''*. THK BliÀZtÜÂN 560 MÉm**' #•• new Palace of the Roman Communion. The site for the CORNISH & Co. the one we BALL, BAKER, is much more suited for its purpose than was looking as it does over Chartered Accountants. have referred to in the Avenida and Gloria right onto one of the 12, S. Paulo, beg to ad- lhe beautiful gardens of the of London and Rua da Quitanda of the Bay it will be an ideal spot. Possibly branches as follows.— prettioi.t parts Ame- vise that they have opened when thS Palace is néering completion some energetic 137. P. O. Box that In Rio de Janeiro:— Avenida Central, rican mav make such an offer for it for hotel purposes bargain. tlie Church once more will be able to drive a good No 778 . Steam P. O. Box No. 137. — The three new «D» vessels of the Royal Mail In Santos:- Rua Frei Gaspar, 12. England shbuld Packet Companv which are now building in will indeed cater certainly fill a want on this coast. They for what on the Cape routes is known as «mtermediate» that is to say people who want to go for a passengers, will not duiet and not too swift voyage or whose purses mm on an êtmxú eomfortnblv stand the strain of a first class passage "The and the «\» boat accommodation will be exceílent understand a first class passage Local Items.—The returns of the 1) irectorate-General prices còhsiderably less. We 27th 1W11, or Liverpool will cost some hltí of the Public Health for the week ended May from Bio to Southampton ü; ill be rather longer than that of the are as follows:— Yellow fever, 0; bubonic plague, cr £19 Th- voyage n\ cough, this rest after the general smdlpox, 1; measles, 1 ; searlet fever, 0; whooping «\» boats but to many people fever, 0; dysentery, afloat in these strenuous days will 1 ; diphtheria, 2; infiuenza, 11 ; typhoid rush both on shore and fevers, IU; The Pacific line, now amalga- 10; beriberi, 0; leprosy, 0; erysipebis, 1; marsh come as a v eleome change. 383 one or two of these mter- diseases, 58; Total deaths from ali causes mated with the Royal Mail, had pulmonary inhabitants. that they were popular, equal to in onriuál rate of 22.94 per thousand m diate boats end we believe q«»te oi deaths, of the Royal Mail will be Mortalitv of infeetious diseases to total number but of cours3 thes2 new vessels tever, fitted with ali modern improve- 2f) 28 cent. Under treatment in hospitais: Yellow quite a dif.erent ela. s and per 7. to those wanting a complete 0; smallpox. 3: bubonic pingue, 1; under observation ments The only árawback has been much cooler less telegraph installation, but so long — Púrihg the week the weather rest \\ill be the wir been suf- to spread any news through and a many people have, in oonsequenee, as the operator is not allowed great after the c< the tranquilhty of a ferin- from ehills and colds, as the change great the ship even this new disturner unawares lhe heat°of the summer has taken mnny voyage may be supressed. past at the maximum temperature during the week (recorded — Apro]>os of Counan. t) which have we referred in or 77.5° Fahrenl.e.jt, full of <.l,s..vntorv. *_ 25.4° Centígrado a recent number, the Paris press has been rather Fahrr-nheit andthe the minimum 17.5" ('entidade or 63° and has. we should imagine at last cooked the Tn the City the subject avera-e 20.68° Centigrade. or 09° Fahrenl.cit. of Mr. Brezet who claims to be the President of that thermometer has goose and eertainly in the suburbs the republic. Brezet lately carne into notonety once propeí the enrly hours of erhemeral b en verv mueh lower than 03° during started raising the wind by the sale of decora- the week was more as he the morning. The number of dsaths during certain individuais with more money than and 403 m tlie tions to gullible 383 as again t 370 in the preceding week more vanity than either. These decorations nnmbered 58 bràins and week before thnt. Death.; from. tuhêrculosis to be of orders of the «Free State of Counany» week while the largesfc num- purported as against 54 in the preceding and attraeted the attention of a section of the Paris press. of the stomadi which her of deaths were from diseases The «Matiu» sent a representative to call on Mr. Brezet a carried off no less than 117 people. in London and the latter told him that Counany was the attention of the nutlio- — We should like to draw country with 800,900 inhabitants (the number increases be a very bad arrangement rities to what seems ti» us to with each interview) 53 Senators and a large number ot Almost the whol ¦ way a.ong the Pre- in the Avenida Central. Deputies eleeted for three years. It also, so says its Botânico Tram Station to the Avenida from the Jardim side.nt. and surelv he ought to know, possesses 14 Secre- are sfcanüing, waitmg to he Rua do Ouvidor motor cars taries of State-and nn Army of 2,500 men. As a matter with no space hired against both pavements practically of fact the «town» of Counany is a collection of wcoden huts is that anybody wishing to _ light between each. The result on the coast of that territory which was once in dispute in front of a shop cannot do so, but írom a car or carriage bétweén France and Brazil and which lies between French of the road nnd dive between has to get out in lhe middle Guiana and the North Eastern corner of the State of Pará. the motors, at the same time risking tlie serried ranka of When was discovered some years ago in the river Blippery condition oi the road gold a heavv fali owing to the Carsewene th.- town som. what during the boom, as is of oil which are constantly grew due to'the large quantities tlie v av in mining enmps, but after the rush had passed it For n mere man this kmd of ad- dripplng on the asphalt. relapsed into ite insignifiçancè. The population of while for ladics who are shopping pristine venture is bati enough, lhe district of Counany which is some 45,000 square kilome- We would süggest that some dilfe- Sena- it is quite impcssible. ms in i xtent is abóut'300 persons and the story about be made and that the cars waitmg rent regnlations should tes. an Army, etc is merely the emanation of an imaginati\.e be made to stand in tho centre of the to be hired should brain. The brain, indeed,"is that of Brezet, who began life where they would be out of the road between the rèfuges i s a sailor and then when the rush for gold turned to the would free the from their wav of the traffic nnd pavements River Caisv.ene up the sea for mining. This was Perhaps our contemporary, the gave gold prJsent state oi blockade. not a suecess so he went to Cayenne, casting an eye ap- which is devoting so much space «Jornal do Commercio» reiitlv on Counany as he went, and became a waiter in its far from fiattering opinions of the Chiei p. to recording a café." Later he got a job in the Prefecture at Cayenne might make this còmplaint the point of another of Tolice which he ibandonel to joint the Mumcipal Police. After ' '" '— this lie suddenly disappeared and went to África for four Rio will notice th.t the erstwhile People re-visiting reappearing in Paris where he evolved this wonderful later an hotel, which stood at the years Ministerial Department, story about a Republic which does not exist. Apparently Gloria nnd the Eua Benjamim Constant hns corner of the on the strength of his word a company was floated in Paris down nnd that work is m full on now been pulled Jjwiçg with a capital of 2,000,000 franes and this is where the n new building on thnt hne site. lhe build- the ereetion of serious of the whole thing comes in, fór to Bpin an when completed, be the Palace of the part mg in question svill, interesting is one thing, but to raise monêy on a myth Arehhishop of Kio de Janeiro and will stand in yarn Cardinal is another. And it is to a stop to this that the Pi?ris ressonable distance from the street. put its own grounds at a has taken the matter up. Brezet must be a cie ver the City \\ns being to pteces some years ago press When pulled man, but like many dever men he may prove to have not then a member of the Sacred College, yet the arehbishop, been too dever by half and find himself laid by the heels. very valuable of ground on the Avenida secured a plot [ri any case we should think the subscribers of the 2,000,000 set to work to build a palace thereon. Govern- Central and franes will be beating Shepherd's Bush for him soon though east n covétOUS eye on the site nnd finally ment however, he may have disguised himself once more and be found it at an enhanced from the Church and com- houdit price behind an apron but not, we are sure, at a «no tip» restau- the already more than half-finished building, which pleted the Church rant. now is the home of the Süpreme Court. That without saving, for — Unseated rulers seem to be rather busy just now. did not lose by the trnnsnction goes he is by There are constant rumours of a royalist movement in Por- the Cardinal is as good a business man as prelate. the tugal though these are sedulously denied in the Times and no means au uncomtnon eombination amongst princes THE BRAZILIAN REVIEW. June 6th, 1911.

has opened Crstro of B. D.D G.G Bali...... has..... also.... been here and the firm -, reputable journals, while our old friend other an officevfliee at Avenida Central No. 137. An office was recently is apparently getting busy in the Canary Islands Venezuela opened in Santos at Rua Frei Gaspar No. 12. strangé stories of mystenous warships passmg whence come The Minister of the Interior has sent to his collea- lying far out at sea in the daytime flying no at night or the estimates .for the expenditure of his mornent, at least, Porfir.o Diaz has ceased gue of Finance flag For thè for the coming fiscal These are placed There was something fine about his forced department year. t- be busy 10:200$ and 35.99n_, II this with the rest of the leeks water was found. fcbe en. is for the best on the best '-VV^ntlte^rh of lote and say that everything they wie«Juqnf>ces8 find íbeií bearings started out to see^n an '"'ill;! °í^âes in tho Ga- gineers fchou a. «* Fish of ^ «&&& at the various mills lccate the trersure but v. ond wl e,, t ca numbt,°of some 2,000, have sent a cornmu- were captured Veu"0 stric to à to excellent quality of sea b«to of the Bepublie askn.g h.m sur! whil, large Pb«bera nieaboi to the President beach by lhe -. m the building oi a workmen the head ; of the e his good offices to secure tantly hovered over lines of that now bemg bmlt anded on^folowmg town' in their district; on the The Ganòn himself ^ ^ ^ and asking that twe ve of lhe» the look of thejpteoe soked ,' „ he Central Railway, that he disiiked His Èxcellency to diseuss te on board agam CTbe seare^ ,umbe ,nay wait upon no time in gettmg ' his usual consideration by suecess a .d «n j a The President showed ,,av after day without ?, the Guanabara Palace fchej comadisposal^ in. to reeeive the men at felié Canon saymg tlv.t and '""%!last not lose a working day. the ¦ ««« *> so tlat they should landmarks mentioned m plans _at Wl„,. "" decided "g*£™$%£ ^ N loteis Government that during the 90 years is subject cost som.^^Geaw. 16.000.000^ act o, to «h •-tisland A .,,.,!, not be taken, as it wculd have drawn up the voleamc Deputies to «PP6™,^ L\len'„ her òf the Chamber of proposes had completely ai ered^the would, 1,K", taking of the Census Captain hirn6eHthÍB iH wh°ol. provides for the not even the pirate '"'' time is Eéis parently us dd n V. ? H 1912 "he estimated cost this lere he alive, be able tofind js,,nwl be rejected.In t manned . 000$000 Thé measure will probably expedition has faM as d£th fJo"i mTime have decided n todilioM J^ several more Municipalities s-me time ago and /.il a oi Government per- the exPe^1leftfco pair wtth S own Census with than before. Incidentally, g0 back f^^S so there w.11 b ' »»^ on the i land n„In the miS3Í°Dr some rather awkward gòats Barbosa Lima has put in Igain some time the ex- to the voyage o ^«^JÈS^Aâoedthe sJnaic^ ZTU ¦ to th- Government with regard meàntime presumab y qfcheSsKr«te naval their opt o.am. on whieh a large, number are regretting . ^ pedition of the nrm oi iuebs»n -'^- J0,'\t i 17 Rnll head es- !Accountonts,Aooountants and & fCo ÓhartetedOhart« >n Also wete the Baker, Cormsh amnesty which was granted. Mr. ;'„ the general visiting Bio. His son S3SS*Í Wa.eÍtaUtbeen ¦i«|i»](lil!W«!"**

June 6th, 1911. THE DBAZILIAN REVIEW. K63 4m &âjÉÈjm\T _&$*** "* 'flP' home have Neves and fairly obvious that most of the people going responBible for tbe mordera o Boptista out or will visit it on their people etc. Ali this ia either seen Eio on the way Carneiro da Cunha sübimtted fco tnal etc — if they are natives of Argentina. to Gongress by^the return to the Plate iprop-s of tho message sent recently seems to be rather uunecessary. an aceount of the levolt Altof-ether the project President of the Kepublie giving ²Some members of the Guarda Civil have sent n mèasures taken during and after it. Eio Press sfcàting that and the somewhat pathetic letter to the «VEyiicourt. sum to be dedueted __ A few days'tbe _$ Mr. È. Tennyson they are prepared to allow a certam A™s£o^ Whit- that they may thus Bepnwentativ, of firm of Sir W. G from their salaries each month so of S. *™m> the country's déficit. It worth «nd Go. prooeeded to the Cometery contribute to the wiping out of the of Admirai their but we cannot Xavier where he placed a wreath on grave shows a most excellent spirit on part Admirai Neves when find .orne oMier means Bapti-ta Neves on behalf of bis fira,. help hopincT that Government will in Europe spent the money of Chief of the Brazilian Naval Commission of reducing its liabilities other than taking and was much a deal of time at Neweastle-on-Tyne so responsible and useful a body of men. great with him. has unanimously liked by everybody who carne in contact ²The Council of the Engineers' Club by the Post resolutions" which are to be communi- _ In future dáíly papers will be delivered approved certain who will have nothing with the idea that they shall event- Office by means of special messengers cated to Government etc. The regula- law. These resolutions deal with the adoption o do with Slie usual deliveries of letters ually become should he approved meridian for ali throughout the tions for the reform of tbe Post Office of tlie Greemvich purposes further expenditure The country would lie divided, for the shortlv They do not provide for any Kepublie of Brazil. improvement, Inere the hour, into four distinet «watches» but are stated to promisé considerable pÚrpòse of recording last week or so we have Greenwich time less two hours and is eertainlv room for it, though for the The first would more rapid delivery Noronlia and Trinidad. The second have notieed that there has been a would include. Fernando the European time less three hours and would letters into the boxes àfter the arrival o would have Greenwich oi There has been of Brazil and the States oi fchan we have been used to of late. include the whole sea-board niai| to be Grosso and Amazonas) toge- stir because a note of L00$000 was found the Interior (éxoluding Matto a great the m- Pará — boimded by a line from a letter registered in Bio and sent to ther with part oí the State of niiasing and every- on the frontier of French terior This has rather fluttered the dovecots drawn from Mount Cravaux River Pecúary to the River Jary, body i" the G. P. O. is on the qui vive. Guiana muniu- bv the '-_- to Amazonas, and southwards of the Federal Dis- bv the valley of the latter It is stated that the Prefect where it enters the on the extension of bv the bed òf the Xingu to the point trict shortly to begin work third would have Greemvich proposes Municipal Markets State of Matto Grosso. The the \venida Beira Mar as far as the new the State of Pará improvement time less four hours and would include near the Cães Pharoux. This will be a great the State of Misericórdia to the West of lhe line mentioned above, will carry the fine sea drive right past the lies to and Matto Grosso and that part of Amazonas which Acre. Hospital. the East of a line running from Tabatinga to Porto births. 120 inarria- hours, ²During the week there were 481 The fourth would have Greenwich time less five in the Federal District. Territories and those recently ges and 383 deaths and woidd include the Acre as the área lying to the West ot ²The Prefect of the Federal District has announced eeded by Bolívia as well which mentioned. his intentam of strictly enforcing the laws prohib.t the. line already of fire balloons —- Minister of Finance has forwardèd to the the ietting off of fireworks and sending up The the same thmg Statistics Service two copies of tlie Beport in the streets of the Gity. We have heard Cominercial but none. the the Confórence Internationale de Statisti- so often that we are inclined to be seeptical, of the labours of m his eam- held last September in Brussels, in order less we trust that the Prefect will be successful que Commerciale Íireworks in conhned be decided whether or not the Belgian Go- naign. for fche practice of Ietting off that it may which may fali on on the support of Brazil to the main Bpaces and of sending up fire balloons vernment may count is most that Conference. imflammable material and cause a contiagrat.on resolutions passed at few, if any, — Prince», built by Messrs.. bhort dangerous and is one that is permitted m but Tbe s.s. «Burmese the order of Mr. James Knott, cities of the size of Kio any where in the World. Brothers, Sündérland, to Bine, Limited, of Newcastle, left the Wear has informed the Dutch for the Prince -_- The Minister of Agriculture her trials. Her dimensions are represented at the Exhi- on April 13th. for official Minister that Brazil will not be lin., she takes Lloyd's highest to be held during álOft. bv .)-llt. lin . by 28ft. bition and Congress of Textile plants with upper and main of Java. The reason for class. lias complete shelter deck, the current month in the Island bulkheads. Water no vote set apart for decks, and is divided by six watertight Brazil not taking part is that there is in fore ballast is provided throughout the double bottom the expenses whieh would be inyolved. to height and after peaks. and in a larger chamber tank '|'1K. has deeided to make Minister oí the Interior of main deck. fitted just aft of engine-rrom. The decks in the Kuá Luiz use of the belonging to the Union are suported bv strong girders below beam: with wide- property for the Carneiro, yt Kstat;ão do Engenho Dentro, purppse spaeed tube at corners of hatclies. In- loading and only. J he pillars of installing there a lunatic asylum for women discharging arrangements have received _peci.il atteiitu u, hospita building was originally erected as a. smallpox sixteen derricks being fitted on strong tablcs at masts, women will during the epidemic of 1909. Four hundred and with crosstrees above and four derricks on posts do Governador, lhe shortiv be removed to it from the Ilha working from six large hatches. Twelve steam winches, stated, at the. men are to be housed, as we have already steam windlass. ash hoist, with shoot overboard, steam both belong to the Fazenda dos Affonsos. As properties steering gear fitted in engine room, controlled from wheel- Uníon there will be a considerable saving. house, on upper flying bridge, and connected by rods and on rudder head, are sup- — Sr. Honorio Gurgel a few days ago presented a bill chains to double-armed quadrant Rio should be driven Írom a large multitubular donkey boiler fitted to ( ongress proposing that liners entering plied, in this deck. Accommodation for twelve passengers with induced to spend at least 10 hours of davlight port on upper As a is fitted in large house on shelter deck. Electric to euable to see the beauties ot the place. sàloòh passengers would throughout tlie vessel. The ma- compensatioii. the sole charge incurred by a liner light is installed propelling lhe of triple-expansiou engines, with cylinders be 4-1 instead of between £80 and £50 as at present. cíiinerv'lõin. consists 74in., by stroke, taking steam from Centro de Navegação was approachéd on this question 27in. and 51in. slnppmg boilers of lOOlbs. and some time ago and sent a circular to the various three large multitubular pressure, the su >- forced draught. The trial was in lines nsking them to consült their head offices on fitted with Howden's smoothly and iect As a matter of but the reduetion to £1 would hardly every way a success, the engines working bound of 12 1-2 knots being reached. compensate the loss of 10 hours here to a homeward steadilv. a mean speed at 8 a.m. mail steamer. Supposing she got ber visit here that is to say that it was given with more promptitude S. PAULO. leave than is the case today. she could then he thned to hustle at full speed te — The North of S. Paulo Light and Power Company Kio at 0 p.m. aud would have to the has falls and will construct to Bahia in time even ha- a late visit at that port acquired the of Parátininga get be a net loss of a house whieh will a supply of some 3,000 horse charle for which is over £100. There would power give As things are for the supply of light and to the Cities of some £50 to £70 in spite of the Kio deduetion. power power outward bound stay long enough Mogy das Cruzes, Pindamonhangaba, Parahybuna, Jain- at present most mail boats 10 hours ashore and it is beiro and Sallesopolis. to allow passengers a good 8 or 563 BRAZILIAN June 6th, 1911. THE REVIEW.

PARA' — Two S. Paulo dootors propose to build consumption at Campos do Jordão in this State. They are will sanatoria interest for — It seems likely that the Federal Government oaMne the Federal Government to guarantee farm which capital of 2.000 :000$ and take over the Augusto Montenegro experimental HO vears at the rate of 6 % on a- Government, lhe material, lurmture, hnen, so far has been maintained by the State also for exemption from taxes for of some 7d4 wor_- the material for the farm has annexed to it a nueleus colony nla-te etc for the sanatoria and for town. men. representing 178 families. while tho whole popula- •onstruction of the first 100 houses of the proposed cost the Union after 30 liou of the colony is 1,145. The establishment The" Sanatoria will revert to the years of Agriculture State Government 800:000$. The Minister $* without any indemiiineatiou.(, u c. , ., Q and a report will shortly be issued. BOth the President of the State, fehe So- is sfeudymg the question, — On May —' last the new section of the Praça Memhers of Góngress were present On May 13fch cretaries of State and was inaugurated by ! of fehe new Palaee of da Republica in the City of JE-elém at the laying of the foundation sfeone Lemos. The new section is in fehe Várzea do Carmo. the Prefect Senator Antônio Industries which is to be erected beds and is we 11 planted in the matter of home ma- laid out with lawns and fiower S Paulo is going ahead rapidly electric hghts of lb candle this new State. Instituto with trees. It is life by 280 nufacture and it is hoped that As we have ai- each. will eive a still greater impulse to trade. power in fehe State have I lvadv%tated. the various Bailways given AMAZONAS. the expense oi ereetmg and large confeributions towards Manaos. It of S. Paulo — We trahslafee the following cable from, installing the Palaee. The Municipality gave speaks for itself., 7 lhe site.. n . ,-, ,-,, for Europe,^ ^ been at the (xeneral «Manaos - May 27feh. There left today — _ report has just presented Capital a Tuberculose by the rnmmissioned bv the Superintendent of the (Dr. Meeting"President of the Liga- Paulista contra expenses It appears Jorge de Moraes) and taking with him travelhng of the Legue, Dr. Clemente.Ferreira tailor, ot the 1910 of the to 50:000$, Sr. Christiano boar.es, bhat in the State of S. Paulo during year amounting ot 54 w.uv women. who is to negotiate a loan suffering rrom tuberculosis % 17o de Janeiro, going peíâons extent m-doors canses for the Municipality of Mandos.» t. appears that a life spent to a great Gl.250,000 to the disease. It has been ,„r • women than men get PARAHYBA DO NORTE. Scotch physieian «essentially a home (MlU>d bv a well-known at Alagoa Of the deaths, M % were of persons between — The events which have been taking place i„fo,.tion». under in of 20 and 50 while 15 % were of children Monteiro aud Io vhiob we referred he ai?e build- ^^i^»£í»State. Dr. Santa old. It is hoped that the erection of model .,,11 exercising lhe inhabitants oi the L5 vears who has been mur- for workmen will reduce the/mortahty. Cru», the renegada Doctor of baws m(TS greatly held content rs still at The First Congress of Agricultural Education flcring and pluhdéring to his hearfs last week. A he and his band had t^enrefuge i„ bhe Capital of fehe State was cios, li general ,,7tI,o farm where vanous resolutos come by the forcesnf law and order but L.eport was drawn up in which the was stormed and iukeu Agneulfural lnstruetion had fled into the woods taking with „!' bv bhe Congress with regard il was found that Cruz are made for tho as hostages. i„ the State were embodied. Suggestions him his disfinguished prisoners the inerease rd their better regulation of the schools and for number.. signed a decree British Librar} __ The President of the Republic has a credit oi :000* Dias No. 20 authorising the Minister of War to open #0 Rua Gonçalves a steel br.dge ove, m. except tòwnrds the expense oi' construoting Open 8.30 a. m. to 10 a. m. and 12 to 6. p. the S. Vicente ebannel at Santos.^ on Sundays and Holidays. Iron; S Pau- - Another âeroplane disaster is reported on the 18th msb was Io. The aviator Alaor de. Queiroz, Faculty when his machine was da Cnnha. - Prof. of the flyina at an altitude of 150 metres Dr. Raul Leitão to *; Jornal do by « Budden squall and dashed S^j Medicine. Consulting hours 2.30 p.m., St ^ o the.Santa who was badly injured, was taken floor, rooms 7 and 9. Queiroz., IS a eu, , s a< t that Commercio, 2nd asa in a dying condito». Tt helonged ongmalI\ to bi. fehe1 monoplane he was driving few months agowhd most important hotel eZvho was killed at S. Paulo a largest and lay m the Custom Hotel Avenida.-The flvino After his death his machme in Brazil, Avenida Central. bought by Sr. Queiroz when _ousé at Eio and was (inallv sold to eover warehouse charges. cobootado _r,__ixjW__"2" Time tahle for ordinary days LM > WIN TT13—-—--T~Pí M. *->-*•A. M.I 1-.00 A. M 7.20 Paineiras for Cosmo Velho. Paineiras for Cosme Velho 4.00 of Corcovadi 2.00 8.45 ªª» 6.15 Cosme Velho íor top 5.40 osmo Velho for Paineiras » Paineiras 5.00 * ª!» 8.00 ªª» fe.30 !ª» 6.15 10.46 8.00

Sundays and Holidays •¦•__ UOWN '—fnpr—mp_iL—- *-J •*-A. M. «t for Cosmo Velho 12.30 A. M Velho. 8 30 Paineiras Pai neiras for Cosmo 1.30 of Corcovado 12.00 n Velho for top D 2.30 8.00 | Cosme 10.30 Cosmo Velho for Paineiras.. >2.00 D » 3.30 top of Corcovado 9.00ª* 11.30 Ä» u.OO n » 4.B0 10.00ª* '4.D0 11.00ªn » » 5.30 > 5.00 » 6.30 7.30 y .. o.00 » > Paineiras. 8.30 n 7.00 > 8.00 n top of Corcovado 3$000 Return tickets to Paineiras 2$000-to ,a Pnrrovado vifh lhe'ne vw-urweather iois u»»o.fine. toIo thetoptnetop> níofoi CorcovadoCorcovaaoZ nftcr NOTE - 8: „_# _?_&S.7, , v i.î.rinvc; the 2 o in. traiu will go 5 3Q_ -,»„.. ^-HLÂ^sassífSS-: :Z^^,,.«.... must, however, give i10 tico o has lhe rignt to suspouu »"-•;-»-- :*'¦ trains havo Company an orînar» «if speoiai Further, it has the right to suspend £ newspapors. Fiscal Engineer, tho day in tho most ^ Dr. ÁLVARO R0D0VALH0 M. DOS REIS such suspension previous ^ jg by Rio, December 1930. ¦ June 6th, 1911. REVIEW— —_æ *, TU TTIKTj BRAZILIÃNDivn/Jiuwv .-- 564B——¦¦ wwv ImerIcíOam note company NEW YORK, ü. S. A. 70-72 BROAD STREET,

~~1795 BUSINESSBUS1NÍ.OO FOUNDED,rv«" Note», Bonda, Keve.iue St»,Jg*Jnlltraine«.t. re~~

~~;) AGENTS ( - o ^*k R, Cn ParáI Booth & Co. Maranhão. Rogers & Co. - Ce. na i£& I Co. I ÜISo..| Salgado Booth & Co. - Iquitos. - d' Azua - «evito T. S. Boadle & Co- UmkW A. Feal~~

P. 0. Address Address Telegraphic Caixa INo 593 IO IC K K O — KIO HIME & CO. of General Merchants, Metal Importers and Manufacturers Box Iron,, Wire INaila, Bar ADgl, and Horae-al.oe Iron, Oharcoal and Kivet. of ali Kind.. Lead P.pJ««, Mnle and Horae Sboea, Bolt«.Not. Sole importers oP RED C.lOSS" CEMENT UNDERTAKE CASTINGS OF EVERY DESCRIPTION "JUATOI^IIN" Sole Importers of Hall's Banitary Paiut OFFICE: 52, RUA THEOPHILO OTTONI, 52 565 THE BRAZILIAN REVIEW. June 6th, 1911.

Governor, who has never for one In my position as a 1 denied the, hearty support of the people, instant been neglect, should be false to my own conscience were I to the interests IJtaibe* as some of my predecessors have neglected, of trade the niost active in the State and tlie great power a mere Telegram from London. Spot quotation on June 2nd of its wealth, and reduce it to the leve of 4s 4d. on May producer depnved ot for fine hard Pará was 4s. Od. as against contributor, over-burdened with taxation and on May 12th. 96th 4s. 5d. on May 19th and 4s. 9d. ali advantages and rights.W^ „„ to the official figures having come to an StOCk Of Rubber. According 1 feel, then, great satisfaction at Stock of Rubber sister State» whien eiven at last week's Cabinet Meeting the agreement with the great and promising on May 27th was 4,827 tons and at Manaos 800 for enlightened consideration. lhe pro- at Pará 1 now sul)init your by the a total of'5,627 tons. As compareci with the previous visional bases of the agreement, already ratified tons 340 tons, of which are as follows.- Saturday there is a total decrease of Governor of Pará on the 8th April last, at Manaos. «Bittencourt, 960 tons at Pará and 80 tons Col. Antônio Clemente Ribeiro governor Exports from the Federated Malay States. Ac- Dr. -Joào Antônio Luiz Coelho, Coveinor Rubber of Amazonas and berpa information cabled by the Federated Malay States latter represented by Dr. Justimano de rordinc to oi Pará (thé conv.need to the Malay States Development Agenevllu" a vi aèlèpte appointed by him.) being (lovernment Malay Sta- eyolve a scheme of rubber from the Federated L . was essencial without loss ot time to expoíl plantation 1,235,917 lbs., mal-- m tÂ for the month of April amounted to for tbe aefénõé and proteetion of mdustr.es í^ggSS the the M the total for the four months of present year volley and spècially of tbat of rubber potetion^l the comparative statisties Eor effect on the «ffl»l^ 5 972,155 lbs. Appended are „|„,i, has a preponderating in 1909 and 1910:— States, have agreed upon and g.ven the corresponding period finances of the two to be their assent to the following bases for an agreement 190919101911 the two Governmentsnrnmw, made between amongst lbs.lbs.lbs. 1 The States of Amazonas and Para shall, . 345,593768,7431,329,170 and which they_maj'WS*.™ Tnnnarv otber mensures precautions foi mbbei ÍXuSv 361,425728.4681,490,849 and opportune to secure stabíhty !fbiry be adequate 441,251899,3831,916,219 prices, adopt the following:-— 429,0561,123.0971-235.917 for tbe advanc.ng \lvl\ ...V.'.'.'.'.V.V.'.'.'.V. ai,„ the establishmentestaonsníufiiu uiof twoiv»« banks"«• .,, on 0, m.uey on agricultural produce and «^P^^ months. 1.577,825 3,519,6815,072.155 sterling, each the respective Total, four ;i capital( of three millions ' to 6 on the capita S „ guarantee interest up % gold banks will be donueded at t)„f tfie said banks. Thè ;Belé^ and will be organiscd in a0C0r|^*^ THE INDUSTRY. a Manaos o* to.^ THE PR0TECTI0N OF of tbe laws accepted and adopted di-posiUcn. of the Oovcrnoi , itamned COPY to be plaeed in the hands sent on May 8th, 1911 to of the Governor The following message was ;,, Ama-las'»„d another in the hands of Amazonas on tbe opening the Legis a ure oi thc Stàté "' 'tÍÜ,' by the Governor of the State, Col. boards of the special session, fianks Bhall be managed by self goveming Ribeiro Bittencourt. save and except Antônio Clemente 0i Distara elected by the shareholders, by the Government Lio,' who shall be appointed shall be subject to a Gentlemen,, . ¦,: .., S ate Both the said Boards ^ ,:;;,\":imitt!.: ****.**. %mg&%and B^mpea i—telh^ o^tS- bases of the contract to bc accepted , „ W$£ m lhe thc hands o e Go- is thc reason for th-um—g Ws date: a copy to be plaeed h, &^^SA ustmg and another in the hands of the bo of m special session ; a vernol. 0f Amazonas ^*?whicli lias nevei^n uot in 'Youvour love for Amazonas ar- vernor of Para.... that of late thc value of our staple as little delay as possible, are aware lo The i.romulgation,'object"... with which will he to unprove the m,e- ,.,'„ | , te and to restnct u of repa ing rubber on the Ama/.on ehm.nat.ng med.um revenue.., . «Wó'irmR that Govern-. *. !;,:;,: tl!n!bbe.>of i\ie ^l im*. TTnrW fboRe c rcumstances it is odvious urmu and inferior types. these mensures and W^^J^g |„ addition to of tne i 1 Mw. Mct-on of the political authorities without delay, he sailStat.es sfialí undertake, Xs ates' of the Umo» " n liu nlorsc.nent of the Government °f sterling, to be employed and courageous pro- on of six millions \ r-r hardworking ;,.,,, rubber and other XTlSt-íiiie ..." U,, defenee and proteetion of duoèr^^^ in accordance with tne .uug ux \ f fVifi \ma/on Vallev sastrous results ot tlie upse the law of supply and ¦%**$*:,, .„„ briüm of whicli couia gi R„ch Tho"v ouro nearo (golden negro) multifariouB needsJjo- fi,,,,1 u"s iâpplied to the the State l'7-,a° ; irir'r'intcetWthe Union and " KM a surtax on the entoe to Grosso o establish also, of 400 ré.s per Wo ; J!;:',::„ Òf mbber at the rate ;™ts;„_-s.rsi~S»*is expôsed - organisation of the banks, te thè risks to which hw capital ,, The oontráofe for the trado suita.mg ona . i I • ko.»* of aereement No. I, shall be made Not only is. Ama-onas ,'ef,1'l'ed2 in but that of laid is expôs. c osen b. tbe Governor of Pará, mal state of affairs "'"' '"t upon, and i'" ifchthe",' bSes of agreement deeided '""•lt '''¦'•"r,1'1,,,,"l,I"'" to above. The is natural, then, that a ; of thé laws referred at ^«^^so just and^prmse* wilh red to two individuais ap- tfiese.ills and that to arr.ve mn "" if sbaíl be nnd orces oi! aUshou d be '-;,;.. to say each Governor desiderntum the energies YYYYY^^ «.th Belérr .and^Manaos aregi Thus, the two markets o freely choose his own delegate. of Para and ta»^ Siàll bases of «g^ment v,th thc Governments So soon as these present the desired result and have M of Pará and the Go- to bring about 'K'T ™""onas"rà i Kx, fl.P Governor for the valonsat.on ofrubb^_., haVe apprised of the fact, the arrangeUt tom -ernot o A.»£*»> h lln For this purpose th weU , lbe ^ states shall be .mme- came >,¦ thc exCn Justimano de berpa, AGovernor of Para, o vUe the laws required for Antomo Lu>z °0^vfX^DirectorB d'V-f;::;,,. • ne bemg an Bsibner of Dr. João the • already enumerated, lt at ali o vInch ,',,,:;,;1 measures adopted m and after long çonferences, Ò that tbe said laws shall be eô li as mter- of the Associação ^ of the proposed measures tne. ^^^^ôaseb lul 'x . » Se preèis" tms we agreed on VMMw be «^secured í.L -3 onlyfhoM the «tahiiity o( "!ft are ratif.ed by thè ^ ^ ûbhu ÍS tht íôTêement ;ifie wd Bsfòitó ^t aboUt by _«* iw June 6th, 1911. REVIEW. 566 THE BRAZILIAN

contribution which be con- This surtax is not a tax or another Governor of Parti they shall, for obvious reasons, our staple article of the State is going to impose on pro- sidered as confidential. ' "('So'far thev have been ratified, the two Govern- V. So soon as from being a burden, it is an act of kindness shall enter into" negotiations with the Governor might, would ments joint towards that staple which, regulate it as you and shall invitc him to associatc his btate of Matto Grosso have been sacrificed on the altar of low prices. with the bases of this agreement in so far as it is eoncerned. on the flouriBhmg by the It would be easy to expatiate further The trade. armed with the resources provided from fche agreement, come Conference, state of affairs which will result realisation of the mensures agreed upon at this ask confirmation. m the to at this Conference, for which I your I believe, suffer no more from violent falls price week a violent os- wül, resisttbe We have experienced in one short will, furfchermore, be in a position to the, of oí rubber and cillation of from 2*000 to 3$0Ò0 per kilo in price of the «bears».# and forced to manipulations rubber. T1 us. with no credit at their back Believe me Gentlemen, I am not blaming the purcha- faced with the as deliver at the day's quotations, holders were ali he can to what he wants as cheap ser for doing get hard necessity of sacrificing the article, with loss fco them- he can.. ... represented by no one selves and to the produeers. The small sum It is n natural nspiration, the existence of which it is but the surtax will solve the problem, for it, though will deny.n . ,. while is the„ a few hundred réis, will save them froin such tnals, What, however, seems to me to be unreasonable maintenance of makes largo at the same time it will contributo to the harmful intervention of the middleman. who financial the stabilitv and valorisation of the product. by taking advantago of the embarassed profits Tlie result ing compensations are very great and amongst of the vendor. position any day. them is the effect on general conditions. It is a which we may observe will phenomenon less but The of the market will be normal, there It is a fact that when supplies are large demand is position not large bc no more abuse of credit, for everyone will know exaetly it is none the less a fact that when Birpplies are value the limit of his resources. speculation can be blamed for a fali in the actual only Thé help which Government expects from Congress of the article.„ -, . importance, for Amazon trade and industry does not stop here. It is absolutely essential and of the first help to the A law must be giving us authorisation to in addition to what has been said with regard passed we those industries which are engaged in laudable attempts £8 000,000 loan, fco regulaie credit and for this purpose of an esta to improve their so that they may be always pro- mi'mt, as a first step, to the organisation products, proceed on and increasingly able to meet competition. blishment which will operate principally in advanees gressing Before coneluding ! must tell you that in spite of ali agricultural nnd mortgages m the State. products undertake the efforts of some half dozen of my opponents who object For this the said establishment shall purpose to the honourable methods whieli I have employed, and the following operations:— to employ, in my administration of the State, order I. Discounts and rediscounts : propose undisturbed and I am to maintain it and bills representing agricultural produce of Amazônia has been prepared a)of from surprises. of ready sale and not, liable to detoriorate; protecfc the People painful eapablc be able to labour zealously for the pro- bills or orders from farmers on coinmissarios and Thus we shall b)of and devote ali our most nrdenfc enthu- of Amazon ; gress of Amazonas, exporters produce intelligence to the interest of this land c)of documents representing the value of fruit or other siasm and higbest and in this work I rely, Gen- in gnarant.ee and deposited. ai the banks of promise prosecuting great produce given assistance and on patriotism. discretion. in warehouses specially provided for the purpose tlemen, on your your or which belong to it. in accordance with tbe laws in force; Greetings. d)of bills of exchange and promissory notes from agn- at eulturists, manufacturers or exporters. with guarantees Manáos, May 8th, 1911. bank's discretion; the Antônio Clemente Ribeiro Bittencourt. II. Loans or advanees on guarantee fco farmers and com- misBarios; a)on agricultural mortgage; b)on mercantile mortgage of securities of the public The Message sent by the Governor of Pará to the State debt, Federal or State, of agricultural or manufaeturcd pro- Legislature, on May Oth, ran as follows:— with duee, gold, silver, or precious stones and, Government Gentlemen, bills eonsent, of securities of the Municipal debt, shares, Thè unavoidable and imperious need of putting some of and companies in the State; Ama- or debentures banks plan into execufcion for the protection and defence of c)on warrants issued in accordance with law; zon rubber, once more depreciated in value by speculation for d)on first mortgage of rural or city property, direct or which has organised a campaign both here and abroad appeal by transfer; the purpose of controlling quotations, makes an wisdom and urgent and essential. e)on credits or accounts current with mortgage gua- to your your patriotism the. summoning of this extraordinary session which rantee; Ilenee are today inaugurating. at fixed dates with interest; the bank to you f)on deposits After a considerable rise iu which to a certain to establish a commercial department where prjees, be empowered restored the equilibrium upset by tlie recent crisis one third of its capital maximum. etxenfc it may employ of 1907-08, our rubber market was once more into without plunged An undertaking of this magnitude cannot exisfc a state of as unexpected as it was inexplieable by the interest panic the a-ssistance of tbe State which will in public ordinary economic rules. on tbe maximum capital of three guarantee 6 % gold Hijbherto rubber from ali sources, placed on the Eu- millions sterling. ropean and North American markets, has never absolutely We shall have then a safe basis from which to operate exceeded bhe needs of the World's consumption. On the con- and. armed with the resources of credit properly regulated, brary the most reliable statisties show that the supply was the position of the market will be quite different and that insufficient. So far from being restrieted, the uses to which will be normal and stable. of produeers and «aviadores» rubber is put are daily becoming more numerous. On the When this is so, the position of the producer will easily other hand, Amazon rubber is, so far, undoubtedly the best permit of his improving, on his own accord and in his own in the World and the onlv tvpe which can be used for the interest, tlie methods of preparing our staple article of ex- manufacture of fine goods. port and thus, without. any impoaitiou or compulsion, we But notwithstanding the indisputable superiority of shall shortly export. only the finest qualities, while médium our product, to which even the the best East Indian rubber and inferior types will disappear. cannot be compared, and in spite of the eloquence of sta- With regard to the .£3,000.000 loan which the State fcisties, which prove that there can be no danger of over will have to contract at G % per annum, as it would be dif- production for at least five years, our industry and our ficult to meet such obligations out of budgetary resources, trade are eonstantly being surprised by a heavy fali in it was the general opinion. supported by the Associações prices which but rarely coincides with the shrinkage in Commereiaes of the Amazon States, that a surtax should be demand from manufacturers. created which, calculated on the figures for annual produc- The fact is that the phenomenon is not produced by tion, corresponds exaetly to the sum required for payment ordinary market conditions nor is it subservient to econo- of interest.. • mie laws.

~~v7~ J'~~

~~567 June 6th, 1911. THE BRAZILIÃN REVIEW.~~

speoulators who, throughout the Republic for the great services rendered It is purely and simply the work of by him, more especially in the National Parliament. . getting command of the markets, dictate to manufacturers Serpa was very well received, not only by the those markets and to producers of the raw article here. Dr; in but by the' triftle and the Press and I have The bare statement of the existence of such an ano- Government the satisfaction of informing you that the provisional bases maly Gentlemen, should immediately and fully justify of Agreement were signed at Manáos on March Blst. mtervention of the State, for it is thus fulfilling a dou- the the By tliis arrangement tlie two (iovernors undertook to ble funetion by making an effort to protect an article which lav before the Congress of each State suggestions for such our main source of revenue, and by defending our trade ls measures of a legislativo nature as seemed adequate and the crises which have so often affected it. from which are as follows:— But it was only when the pòsition of the market be- home and lst. The establishment of two banks for advances on carne absolutely criticai and speculators at inten- agricultural and mortgages with a capital of abroad showed still greater activity, with the obvious produets 63,000,000 sterling, each, with interest up to 0 % gold on of sweeping aside ali oppósition, and of stifling right tion the said capitai. These credit institutions shall be domi- any future attempts that might be made, that I de- away at Belém and Manáos and shall be organised^ on to take the initiative and make a couilter move ciled termined identical lines, with identical regulations and statutes. They was by the light of scientific which perfectly justifiable shall bo inanaged by self-governing boards of Directors and which would tend to regulate the rubber principies clected by the shareholders, save and except one Director trade.. n ;.".'., , . ..n Board who shall be appointed by the Governor explain at this that when fche Mrsfc signs each ] sticcld point oí State. The Board of Directors shall be subordinate with which we are now at gripa, ma le their each of the crisis, to a Fiscal Commission, appointed in like manner, while I, at the request of the trade called ou the appearance Oo- the operations of the banks — their object, liinits and con- for help and 1 must tell you that tlie Federal Union ditions — shall be determincd by law. a sympathetic and patriotie car to my vernment lent The main funetion of these banks shall be to help "'"""it capital and credit and to oi this that the Bani of Brazil farmers bv advancing grantmg was iü consequence against excessivo speculation rubber business owered protect the rubber producers which oharged 12 % P^ annum on for renewal, and thus by on the part of intermediaries. its rate to 9 %, without charges as little delay as may operations secured 2nd. The promulgation, with conseqúent expansion of rubber be to improve the le to tlie markets 1,,., of laws the object of which shall and and comparativo, prosperity with the double peace quiét methods of preparing Amazon rubber and at Manáos. ali others both here was not (a) of preventing it, superior as it is to however, the anti-speculative movement purpose inferior As have been owing to the quality of fche látex, from becoming basis and was not regulated as could of on a safe the high to that from other' sourees owing to Uvv-j procedes • «bo..™» sueceeded, by abandomng shecí the he and of assuring that we shall export one of the product, ... fcreing preparation (b) market to the defendera type, and that of the first quality, and oliminate médium n larga stock and consequently to employ Tatter to purchase from and inferior sorts. capital which was thus removei large quantities of 3rd. The authorisation of the two Governments to circulation. fche Union fco endorse a loan of six millions sterling which was taken request is no doubt that this rubber this to make such arrangements and agree- There lor the.success and for purpose market, being an essential condition as mav be necessary. off the element ot vietory ments n the scheme would have been a certain This loan will bo devoted to the protection of rubber Bank could have beencounted «bear» cam- ffioffi d help of the and of Amazon trade against the he ceased when he n l producers object ò, But, uníortunately, their p being waged against our staple, and its sole result was a cond.t.on ..1 un- paign trade being able for it was greatest and the will be. to of producers and the ot permifc of certaintv and anxiety and finally pame. to relv on tlie maintenance of reasonable stability prices. to mteryene and 1 be met by a surtax, created The trade once more asked me The service of tho loan will oi the com,,,,.- loan and imposed to inform the Federal Government bl tho same law which authorises the * l.astened will endeavour to made to me by the Market. on ali rubber exported. The two States nication my- Grosso to I had decided not to l.m.t induce the (iovernmont of the State of Matto .Before this, t, wever, from its between the ti ai impose the same surtax on ali rubber exported self simply to acting as intermediary The -^J and that of the Union on ali rubber exported from nd Te Governn.ent' ef the Bepublic. territory which it was my duty to saieguaiü, Federal territory in the Acre. SUt of the State, - fifteen to the of action Without de Iay pr 4th Exemption from duties for years Sided a further' course at Belém, ot the rubbe, quest.on companies which shall organise the establishment ceeded to make a careful stndy of rubber, and Manáos of two factories for the refimng ali its complexity., ,, Governors for the on hc a 1 the authorisation granted to the two ali I saw that joint action partêf it clear that First of for the,pei sianing of the contracts for same to make states and the Umon mvolyed. the rubber producing tln.ro is no idea of special privilege or monopoly of the article, was now submitted to manent protection ^dJ™^X \a vou see, Gentlemen, the plan they may be **__*___[ crystalhsation of measures, although £.^s. vour wise appreciation is practically the rarely g.ve P«nnî^« 'th,, when aemands of tbe moment, ideas whieh I suggested to you in my Message the reserve, at fte . d sposa — and in my The «bears» give way if inaugurating vour ordinary session last year their °f ef*"f logical, the most is insufficient to guarantee P°l'°> ()|)inion it is the most rational, the most that they may, late on, i to the State that can thev Kive way calculating and the least burdensome suit their conven.ence. prftCt.ical on ,s such quotations as be elaborated... ., short at an 'PI,,, at Manáos, has it cor- must therefore not stop Press both here and given We »dam ^ôm then Kevista da Associa- to force prices up and diul support. Àt the latter Capital the tive movement mteiests the con- and neglect the most vital Commercial do Amazonas expressed greatest indiffereuee Cào measures_ iVhMiee in the efficacy of the proposed A™ is that we the following by ali previous crises It will at this point be apropos to quote ffiW -^ lOth last:— continubus and wise eeonomj P° from an article published on April should follow a .. the Asso- the norma cond tion «After the Serpa-Bittencourt conference, without upsetting avoms vu of which it is them a, y ciacâo Commercial had the honour, justly markets and before grantmg one in the ne- a nroud, of taking part, even if a secondary l° of the signing of the bases of the r+-t^tricTSsCyeltttingVfdang- „„- írotiations which proceeded time has taken us States. suchTfrom ti.ne to Agreement. between the two %£?W a resume of ^ «The daily Press has already published meJ^h for two measures ideas, whkli seemed to bases of agreement. They provido Mueneed by these ¦"; these ra character, 1 capital nature — one. which is temporary and opportune proceededJo«me 0[ a endorse- practical'standing Governo, -o.íAi a*on. g bv a large foreign loan carrying the with the worthy _> represented imrne- lw^l^ of the Union to ensure the prosecution of an on the bases for joint action ,„„, i„- ment State of methods of piocedu.e^ ,,,, campai»,, in defence of our rubber. The with the support, as regards diate the Madeira of the Union Grosso, whose territory m the valley of tntion, of the Government fa Matto invited at Maliáos arme, the same measures of defence, will also be To act as my representat.ve requires f Uowô in the loan. full instructioüs. I sent our ^ to share ^tmguêda name justiy man, Dr. Justiniano de Serpa, June 6th, 1911. BRAZILIAN REVIEW 568 THE inferior types. never sueceed in eliminating médium and character, is «f^f*^ not know but . tThe other, of a permanent On what this statement is based I do helping to improve results have strengthen that defence by produeers experiments attended with the best proved and make it more valuabe, rubber mdustry l.ke tlie conditions of their industry th' contrary to be the case. The with more rapid means oi tians- that I have and by supply ing them any other, can be improved, and I assure you the concession to esta- POrt«Of received more than one request for require careful thinking for the washing, course these two measures hlish, in this capital, factories intended the service of the fore,gn loan the tenderers under- out. The surtax to meet rectifieation and purifying of rubber and d.stnb.Hflnl_ into fine or first must, naturally. he equitahly ]USly taking to eonvert any quality of rubber the orga%. tion of the ba. s guarantee of (i %, gold, fo* Congresses with equal qUíl the argu- will be voted bv the Legislative íf tíStetea itself rendered this impossible, States. Previous «P™»!*" is not the case there __.___ih.liLs fór both ment would be admissible, but as this does not consider^ that . B the best methods shown that foreign capital sn d isno reason why we should not adopt with a ..n cssthe within our reach adequately protected guarantee com. that human ingenuity and art have put nn equivalent value in gold which I have guarantee expresses .ts Finallv Gentlemen, the measures just as Brazil still —ses and approval have U^der these circumstances, the submitted for your consideration it is reflsonable to calçulàte gua- of the fiducinry médium, heen decided on, after a most careful study question the day or at a rate to be agreed and convenient St the exchange oi as being the most adequate, efficacious it at the said rate into the currency the same opinion and upon, and eonvert oi lhe which could be found. If you are of to whose capitalista the serv.ce the benefit of the of the eountries approve them I shall employ them for with the energy and prudence '"'"«TheTdea to us to be market and of the State, of organising the Banks seems serious crisis. Ir how- an which are essential at moments of way of the two markets on can suggest more „ very sensible puttíng ever in your wisdom and patriotism you footing as regards their respeet.ve PperônRê have no hesitation in carrying equal ry should adequate measures, I shall regretted that an unfortunate riva those who by their have often he them out, for my sole duty is to help have caused friction between are the on several occasions hatjhe struggle against unscrupulous speculation promoting regions. We ought to understand tradcts of these a welLbeing of our fatherland. article the adoption ot export of the same preconceives Greetings. C°m,Xrlhf ¦ so thought out by agreement patriótica}., follow the laws already published on pages most bnllmnl .proof ai on Hereafter the Governor of Paru is the issue of May 23rd, 1911. oi the States o Iara 505/506 of our the economic and commercml umon ,1 torteg* Amazonas depèhds our good or Q and of oui or bad results now, as m the future polc^ good This the defen,e of the rubber industry. R^yg^" for the two States State of S. Paulo is a of life and death for The Municipality of Limeira in the fence question of then- staple of which it d.pcn.1» th, safety and stability is about to raise a loan of 700:000$, tlie produet |r'on the debt, comple- nrticle of expor»».i , wíll be devoted to the consolidation of the ob- improvem.nt lt seem* to me. Gentlemeu. that, as genera tion of the drainage system and general approved by a iect lines of this scheme have been °f * and i- no need to Aktiengesell- j a iri both States, there TheA Deutsch Südamerikanische Bank P5t| n.dcn by clause How- May 25th 1911 into a detailed examination of it clause SChaft has in virtue of Decree No. 8741 of go object.on regai dmg with a branch ever it would be as well to meet any heen authorised to operate in the Bepublic 'points are not, m Berlin, the two òn whieh certain interested parties in Rio de Janeiro. The Bank is domiciled the conversion of ali 20,000 shares oi clear. I refer to the surtnx nnd captai is 20,000,000 marks. dvided into quite unlimitted types into one single type for export purpo.es. 1 000 marks each. The duratiòri of the bank is rubber been called President ot The surtax was not, nor eould it have Brazilian Iron & Steel Company. The m in the trade authonsation in Tlie iden had its origin jfcelf.i the Bepublic has signed a Decree granting question. wh.ch is an es- domicile is To oppo-e it was to oppose the loan, to this Companv to operate in Brazil. The defence of the article — is to acquire aential condition for the proposed Wilmimdon, Delaware, U.S.A. the object take on their own capital is for the two States could not possibly and work mines, etc. in Brazil; the authorised v with only budgetary each lhe shoulders a burden of such magnitude .pl.000,000 divided into 10,000 shares of $100 issue was the exact lrust rS_ès to rcly on. The only point at oompany is in dose eonnection with the Corporation on rubber exported. . amount which should be levied per kilo Company of America. The duration is indefinite. the of But it is exactly at this very point that question The Banque Brésilienne Italo-Belge has in vn-tue. is not nn arbitrary ceases to be of ímportánce. The surtnx Decree n. 8740 of May 25th 1911 been granted authonsation the Agreement "Brazil ot the on the part of those. who made to operate in with a branch in the Capital exaction the on behalf of the two State.. State of S Paulo. The bank is domiciled in Antwerp, service of into 20,000 shares of Tt corresponds to the requirements of the capital is 20,000,000 marks, divided m the bank is 30 the loan and was enlcultaed on the rubber produced 500 franes each. The duration of the years. of the Acre. the Sociedade Cre- interested States and in the Federal territory amongst the principal shareholders are three de Belgique The basis taken was the production of the last years, dito Italiano, with 8,000; the Société Générale 'the the Ban- statisties for which are at the disposul oi everybody. with 3,000; M. August de Lansheere with 2,770; thnt n mistake and the it re- Jf however on a eloser serutiny is found que de 1'Union Anversoise for itself group amount Bank holds has been mmle in tlie. ealculation or thnt the total 4,570. The Anglo-South American that to presents the Banque of the loãii could be reduced, nothing is simpler 500 shares nnd amongst other holders are Commerce, the . modify the surtax. Centrale et Anversoise, the Banque de Générale Bel- It is objected that the surtax is inaeeeptable because Banque de Credit Commercial, the ,Banque the Banque de Beports, de • it falls as an additional burden on an already devalorised ge, the Banque d'Outre Mer, ot Depòts, etc, etc. article. This argument sounds weighty but in pomt Fonds Publics et de City of Santos Improvements. The subscription list ; fact it is valueless. of taxes on the closed on Saturday May 13th for an issue at par If it was a question of putting further Ordinary shares òf £10 each in the City of Santos without raising its price, the opponents of the sur- 20,000 article Company, Ltd. The company has a share would have reason on their side. Improvements tax £700,000, of which £200,000 in Six per Cent But it is not an additional tax, nor should it be consi- capital of Preference and £300,000 in Ordinary shares of £10 each dered in the light of present quotations. the have been up, and the remaining £200,000 in Ordm- The surtax is proposed precisely so as to increase paid shares are now offered for subscription at par. Under value of this article, and, as such a result seems quite ary various eoncüssions the company carnes on the water certain to be attained if the conditions of the proposed plan be and works of tlie City of Santos, Brazil, electric observed, it is logical to assert that the surtax will supply gas are lighting and supply both there and in not bv the or the exporter, but by the con- tramways, power paid. producer S. Vicente, and the railway between the two whò will, thanks to the measures adopted, have the City of sumer, It is mainly to complete the electrification of the buy the article at a higher price than he is now paying. towns. to '- systems that the additional capital is being raised, Às to the unification of the types of rubber it is said tramway it is estim.ated thnt when this work is completed the 4.th._t-ln«-mntter what process is adopted by the extraetor and article, we shall net revenue, which amounted to £(37,000 for 1910, will be or employed in the preparation of the ¦iH'569 THE BRAZILIAN June 6th, 1911. REVIEW. the the and the net receipts being the largest in to at least £95,000. The amount required for the gross having raised company'» history - a very satisfactory result, of the Debentures outstanding, London expenses steady service regard to the decrease in the coffee traffic and the dividend on the Preference shares is £43,900, and on Coffee it and maintain the of competition by the Central Railway. basis the profit would be sufficient to growth cent. of the this Ordinary shares, is interesting to note, contributed only 33 per dividends of 7 per cent. on the cent. m 1901, reeular and leave revenue in 1910, afi against 49.7 per have been paid for the last eleven years, gross has made the com- which reserve and renewal so that the development of other traffic a margin for additions to the general of the coffee crop The oi the pany less dependent upon the results funds which now amount to £52,000. growth tendency through- of late the value than formerly. There has been a growing Citv of Santos has been remarkable years, by the system to plant other increasing from £19,700,000 to out the entire /one served of exports and imports while the rise m the value when the value of the coffee ship- things than coffee, and, great i?9Q 936 000 last year, will doubtless stimulate further planting, trade of the port, totalled £19.000,000. of that product ments the principal express the hope that rica, maize, sugar and has not been under-written, and it may be noted the manager The issue timber will not again be neglected. It is, nevertheless, Ordinary shares are quoted ex. div. at the main that the existing certain that for many years coffee must form 10 3/4. rise, 10 1/4 to stanle traffic, and when, as in 1910, prices greatly the railway benefits, since the increásed purchasing powers tlie move- StaihvaiJ Ifeai(^ of the plante» serve to encourage passenger _s> ment and to stimulate the demand for imported' goods. a of £103,000, The gross receipts from ali sources show gain Receipü For Week Tolul from revenue from coffee de- lst or 8 18 per cent., and, while the Year Week Ended and Currency Exoh. Sterling Junuurv by £29,000, sugar brought in £19,800 general clined Moreover, goods £33,400 more than in the previous year. 44Ü.4H- by no less than _-o4,bOU, May. 3.8:000$ 16 1/8 £ 2U.038 £ the passenger receipts expanded l.ll 27lh - due in a large mea- 18.316 £ 430.41- or 26.4=7 cent. an improvement 28th » 278:000$ 15 13/16 £ per lhere 1910 sure to the company's entrance into Rio de Janeiro, the receipts from parcels. ..997 was also a gain of £13,600 in 50:000 5 16 £ 3.722 cent., I Inorease.... Expenses advanced by only £30,100, or 3.60 per 18.04 cent. to the Decrease... so that net profits were £72,800, or per spite of the rise in Preference charges incidental Boôd ln the dl- the issue a vear ago of £700,000 of new stock, Railway. For the ended December 81, to to the< Dehen- Leopoldina year reetow are able, while transferring £23,000 of the working of the railway, as compared to ô l/_. 1910 the results redemption reserve, to restore the dividend of 1909, are as fo lows: Gross ture 1/4 with'the corresponding period 2S, from which rate it was reduced to 8 per^nt- 1909 Êl 215,088.. WoAmg. «- at £113,300. Teeeipte, 1910, _1,318;116; ago. The carrv-forward is £17,800 higher 1909, £824,113. Net receipts, £4(>3,8dO n vear considerable Deuses^390 £854,286; is aimounced that, in consequence of the To the balance of £463,830 must be added Ib in the cost oi 1909 970 rise in exchange and the resulting increase balance from 1909, £95,482; Federal Government gua- has been slackened. the a total of construetion, work upon extensions rantees £22,720; transfer fees, £522, givmg on tbe debenture £582,555. After dedueting for interest for dividend om '£ stock and acerued, £150,800; paid shares, £90,750 toi THE CENTRAL RAILWAY. five-and-a-half cent. preference per our ceni debe* of Campos Salles whé/i Brazil was transfer to reserve for redemption of per Since the davs etc £5 454 there is Financial News» there hav, been many ture stock, £23,000; for interee , anathema to «The balance of^£312 483 . none ...ore wonderful than the sudden con- left a balance of £312,483. Out of tios „., but of S -W oent Percv Martin, the whiloin special commis- the board to pay a dividend P« v.rsion of Mr proposes sum oí £113,308 te> be ho^lcss of bis former att.tude amounting to £199,174, leaving a lioner" fron7fhe pessimism IOl' UlC \ C«U optmnsm. • tíforward.1 rPlVolhe. grosscuneiicyrrrnce PUITPT1CV receilHS-.*¦-. $ to bis present cheerlul carried Rs. 19'2BJ>^, dark days, before propaganda had be- Rs. 19,442,000$, as compared with Since those were sterling receipts and the «The Financia.! Kewe. had taken ofu_ Rs._-_>. 153,000$,,. the01r. gross ,.,„„„ a power fnan increasemcieast, nft'l nn iricieincrease of the Comm.SBao de as compared with £1,2L>,083 an ,„ its ábode in the headquarters being £1,318,116, was 16 8/16(1., Expansão Econômica on the Bou eyard des nf £103 033 The average rate of exchange Propaganda c of our The working «pense. a change has come over the sp.r.t tas aaiainst amst líii l/8d. per mil réis. nâÜens, what £>/glu-±.o_. fe as COmpared with d''''The. amount to __«._4,_-»ü, oi Lreceints from irresistibly Bra.il- cent. m 190.h lhe re cc .i ts o stream of foreign capital flõws £824,113, or 67.82 per J.. < and taketh too and, inci- show an merease of £54,856 o 1?« wards blessing him who gives poseenger traffic of £ 1 ,6o. who happeh to be m the run and from and baggage en merea.e entaíly correspondents cent.; parcels an'« vilws of our finance and of thmgs B.m.lnm cent.; and from goods traffic tal e Lopeful and Di. or 22.00 per out ot nas but in of the Central Railway fflWfík ovoi 3 69 per cent.oe A redemptiontransfer pronta generally particular £33,993, of the Frontin.Bi made otf-^VV hZô,UOU to uu._i.bereversion Paulo been ot the reveii In 1897, when Frontin managed, or rather mismanaged four ner cent debenturei Federal stock, on aceount traffic almost iour pe.1 State Governments. In Central, things had got to such a pass that lmes to une ' ^1UU1nnd . the Review» then of certain cent. nrpferencepuiucm altogether. As «The Brazilian i\r iom i*700 000 five-and-a-half per stopped is notable. A o^»^-* wrote:— «Undoubtedly the improvement 2S.*S__ ofCHo the proprictors from the Central to S. laulo f ir\o r»í_v cihfire and aulv suusci-ueu _-_-¦ Vl.ar ago I made the journey a carriage that would disgrace even P^mlun\°^l%^/f^victo.iaVictoria, i„ the State of Espirito in a rickety ramshackle extension to the Port ot is unknown. The cane o the seat formí.Uy Paraguay, where luxury Santo (100 miles) was Bio d arm. carne off on the shghtest pro- * ncêstebh^J\^n ,,1n hóles and the and a through service ^ ^ some of the windows were unglazed and through ££b*we. vocation ; drove void the cold drizzling rain of a winter s morning the resulting m the straight on to the luckless passengers a most monumental cold. We cannot ah- writer catching carriages _f^_.^S«S:íSrc=_ assei* that the buffers of some of the solutely impression on with string, but, certainly, have an were tied no buffers - something of the sort or else that there were 5S5'_í_-__A-S_S=S-75-latter ha f of. __v ye« òf on two hours luri-g the ^ ,t ali \nvhow, we thanked our stars getting const^^m ste -S.^'^°°o°. d. our lives no more on the the cost of ^ ^J late to S. Paulo and swore to risk - a memorial to the Pre, Central until things improved».nnklírlv ^d_=(\m;;êse-ted the the same Dr. Frontin who m 1897 pubhcly *-°-P« of It was Go- f Bra,,l upon thesubject his satisfaction at the failure oi the then tnc £*-;<¦ Vl-'t,.;f.f« announced'v"í_____.'. by dh.- Railway, owned by alreaáv served negotiation. for the sale of the hne mtcH£e d,neta airea. y rejo.cngs to consta branch hnes ^ ^ the façade of the station and orgamsmg Raüj**-• J . „ in-ting ater scarcely by the Leopoldina attention. History repeats itself and twelve years will speedily receive accidents became their represèntations Dr Frontin taken charge before had on tbe Central at* .n ; „.,, uent and possibly ea dangeron. the of Mr. __^_tta 5-« í=*s-= 897 In fact, coincident almost with publícation ¦ **). June 6th, 1911. BRAZILIAN REVIEW 570 THE

Ri- of the sections between Ribeirão and Cortez onJhe, «Tlie Financial Times» carne the 284:618* Percy MarthVs letter in beiraó to bonito Railway. The cost is estimated at of which, by justice the news of another collision pòefeio and £7,679 13s. Od.. Dr. Frontin s immediate paper Minister of Communications, 'p[ie President of the Republic has signed a Decree was one of the vietims. for the building^ of superior, but few approving the surveys and estimates «Whilst» says Mr. Percy Martin, «there are the stations of Sitio any a brarich line from a point between shareholders in England, presümably, holding great Minas Railway, to the City Con irai Unii- and Ilheos, on the West of financial stake in the Brazilian Government, sufhciently inter- of Bârbácena..,,,,,. way undertaking, there must be many 'pjie Works has authorised the to feel some Minister of Public esteei in that country's general well-being lessees of the railway firm of Proença and Gomes, contracting as to the statement made regarding uneasiness Central of Rio Grande do Norte Railway, to transfer to the enterprise», etc., etc. *of October 15th been a Cia Viaçâo e Construcção the contracts Central Railway is and always has go- The It has 1908 and March 20th 1909 together with the deposit of vemment coneern run chiefly in political interests. of view, 50:000$ which served as the guarantee of the first named no shareholders and, even from the política.1 point exceptmg firm. of everyone, even most Brazüians, in the opinion of the Mr: Percy Martin and fehe staff and the employees line itself, has a colossal failure. proved it did not At best. since the time of the Kmpire, tlie lines it is now much more than pay its way, and, on being run, is bound to give enormous losses. that «under the A very satisfactory showing To pretend, like. Mr. Percy Martin, San Paulo Coffee Estates. of the cause of Estates Com- management of Dr. Paulo Frontin much is made by the report of the San Paulo Coffee exeessive pa- issued, and it would seem reproach for financial failure and political pany, Ltd.. which has just been contrary to have so far never trónage has been removed» is so absolutely as tliongh the Deferred shares, which s state of mind! of the Company, fàct as to inspire coneern as to the writer received a dividend since the incorporation Brazil Railway, always For 1909 the results "' The personnel of the Central of are within sight of getting a. return. reached arrears of di- exeessive, has, under Dr Frontin's management, were sufíicientlv good to enable one year's This time two colossal ¦ vidend on the Preferred shares to lie paid off. proportions... m 1JUO< the full ln 1907 fehe number of employees was Li.Oo/ , and a half-years' a~rears are wiped out, bringing 14,516 and bemg 12,470 and 12,799 in 1010. Now they reach up to the end of 1909, the actual distribution payment The total crop seêm to be still on the inerease! 24 1/2 cent., as against 14 per cent. ot expen- per But big as is the inerease in number, that harvested was 10.700 cwts less than in the preceding season, that in the cri- the higher ave- dilúre is bigger still and so tremendous but this was more than compensated for by be regarded with- at 38s ld tieal state of nàtional finances it cannot ráge net price obtained, which worked out per out alarm....... cwt, as compared with 26s 9d for 1909. The gross profits •

~~571 THE BRAZILIAN REVIEW. June 6th, 1911.~~

tojuj tho dlvWehd. our Profit and Loss Account «neludes hoIdn rs oí abarcs ^rrçspond^gm LgchUj. DEUTSCHE BANK. year 1000 and collected in 1910 on our Schle- cent); Be^^gcff Transatlântico (0 per bSwp? cent.); Essoner PAID. Marks 200,000.000 (£10,000,000). si.scl.cr Bankvereta (7. per cont.); Khenischc CAPITAL FULLY eent.): BMgMfc,B!JÈ_h_?SaSfW^^JJ-ín^f7:Vá>"oén-i):5 Or-dít-Ansfcalt (Si per 9Í per cent.). Privat- (£5,389,063) eent.); Deiit8ch:Ostafriki ni BChe WJ&g^Sg cent.); RESERVE FUND. Marks Í07.781.263 Creditbahk (7 per (7 ,,er bank -u Gotha (7 per cent.)í;pur^Spar-und >cr cont. i S»°*™ Nledoriaú^t-er Kreditund Sparbank (6 geòktónburgléche HEAD OFFICE: BERLIN. Lelhbank cent,); BuddeutMânk^Trenhand-Gesell- (0 per i°nt-»• 4, George Yard, Lombard Street, E. C. Hypothéken.und-Wechaelbank (14 per wiVhout exception good and LONDON OFFICE: Thdae institutions >o« WJ Bchaft (16 per cent,). ^»><>«*oi cd ,,a*k8 hftV0 liealthy development, Our Investi ments in Bharea BRANCHES: decreased l»y aliout £100 000., ..... Unnlf ,. |nfprcsted have worked well Turkcy in DRESDEN, FRANK The railways in "«{, BREMEN, BRUSSELS, CONSTANTINOPLE, under review. ^^th^Ban^ôr^â^^rhanks o a smenaia regime,^ AUCSBURC, during the year enjojed Mdaw -ww new also in conseduence of greater freedom the Railway LEIPSIC, LONDON, MEISSEN, MUNICH as we as to --^^ FORT o/M, HAMBURG, umeÍl3B have acelued to theH««vernment Companies, while on the other hand the Ottoman^WgSSjJâfng,, reduced, WIESBADEN. kilometrie to been^3l nor|-r cent..eent . was successluiiy . . Vnnin nn with lhe í"(A^|^*nn^S 48,02a tO Direetors Good progress is ttg ma le S to Staff of the Bagdad llailway T o,0^khf? 122 StKi to Gratúltles the first section crtaking^nÍS * realo in earried forward to New Account, to make surveys for a B.milar um ono 103,300 quested us In the Gen njW/J. ^^ Connection with tho Cicilian Piam. Whilst íurtin/lotal to wopd and forest. t»»«" »lmJ'*;. £1,027,519 quarter of the soil is devoted ,td wnt, Qdroughfc^_ or Turkish farmer Is altcnmte ) tireate, made crop railures, tho thts evu ana development of trade alluded to In our last report has Artificial trrigation alone can meet ThTfTvourable tho iiinundatlòn. in the course of the year under revlew-the forty-flrst oi ,argTh.larco tractr. of which are now lying waste.,, varlOUP further píogrens Company has líiU,UterXÍthemsevere Bagdad Construetion ^"^Taurv,^ UanS has S commercial crisis of 1007 the depresaing ej-feeta of which Blmultaneously. lhe w^.*^,™-^™^ of of a «tartlng points ternjlnus, anc^.ne^construetion n of tho globe, the businoíls world stood In need forward from Hulgurlu lhe prorent reachedtoi ali quarters from the economic pushed hlghest mm. FgP of repòse in order that it might gradually recover ho road-bed has already passed the and eH 1 in Europe the condltion* to the weat towards ^^Mòuntelna st .•ueJs U» whieh it, had been exposed. Wh li* piam construetion is proceedlng ttj;,,lfrS t bo «tart^ in that respect. the United State. Amanua Range. At Ahppo w"^JhM^Jg írtViilmi were ai that could be desired to tho eat towarda lhe w^ww Lnt 0hangesa «M.hurst of optimlsm as early as.1009, hjm^J^ before the last quarter of the year ndor/evicwôwng fc 3 àn premature hievttable cpnrequence. wishetl.to r,.. •tion of considerable magnitude becamo the w,Iidl the Turkish Authorities that a Bhowcd a a half afiei thtg^^Jf^^V^áo^ co i .i t Qottoman the first six months ot 1010, New York stock quotations is only now, two years and uiní m share values. bX-onsUo of »'«. »'pf" , ™ of more than 2.CD0 million dollars fina, \cttiement tho question .r«l tiie courso^f the past year. owe.1, and these, combined with niprovemcnt Uagdad Loan Series II. was anccessfully- \smJt%tîahug.AlXam cò„i, anv ,, ti ,>,(¦(• of trade have now placed economic life In the United aiul the fmul, theroby placo,I at the ,iaih that of ISuropo-al.-o on a UU " Xra an iíereasing influence on carry <>n the work for well as to the traffic eonnected whkm lSercising the 1 actiílty as full 8QU way Company, owing to gene ias been working up to the such violent fluctuatlom . A good crop of cereais and with the construetion of the Bagdad llailway. Germany was spared activity in German to íorelgn markets favoured limita of its capaeiTy. TurkiMi law. and wdenlng oútlets for products the realised 1'ompany"to is now registered under 'the and export trade, although m many Instanccs prices The Oriental Rnllwaya traflle receipts for the home I h. national wealth of Germany Head Office Constantinople ;the have left but a moderato profit to produeers.. has transferred the -i Britain or France but Germany com- satisfactory.u„«H-,i of is not vet on levei with that of Great •year were hlghly Ilead.d byhv us and consisting nations now poBses^s |„ November last a financial combinatton and Balikmg pared, 5íhQ?otho?European wn.cn a km um Banks .1.. t„ +1,., * nf Rncland Sav nus aso have reached figures^^^^^n ss5?-S_. -^^^s-^sasai-rt- Ottoman Loan gua- ^¦•ssss^BSsssft «_f Berlin shows .,. distributed. èFtâ£FiEF S_SP tíbs1875^ VZ2&&R a *U*to^£M&^*^}» furt|c ÍSd progress and " Imperial and Prussiun has taken part In the isèi' ,of. V1',"; The Bank 4 per cent, Stock, Havarian over £4,000,000 and i.xpohn uj* Qovernmcnl I por cent. Loans, GormanrCoUmlel of HamhurR. tho \^ have ncreased bv tiai,..,,!.. de. Tlu.J he flcurepguri Bonds. linues of the State tnkes the second placo In the world a , cont. Loan and Treasury Dusseldòrí, Dresdon b-it Gernanv now metais) wore |ier oi the < i'i«- '" Dortmund. Millions of Pounds Sterling (excluding prceious Piôvhice oí l*omeranfa and Argentine 6. por„ foi 1910 ?n Munlch 1UU1 posen; g»Jg Klberfeld hcipslc. Llcgnttz, Mexican 6 per cont. Kxterior Germany United France Railway 5 per cent. Extension bnglajfd Tientsin-Pukow Grande, 8fc.yjg!*;^^ States. Loan., Bonds of the Denver and Rio ?S 329 274 Import? 585 481 439 373 301 244 Kx ports members of our 720 MS three Total Í'024 Ltloke of Hanovcr, of McsarB. in Oreal have Iso to deplore the death include re-exports which. for tnstnncc, and \.lolf'()etliim of Hamburg. We lx>Ji respectively The above figures do not and Carl esta of Constantinople, to «104.000 000f johann Smldt oí Bremen. Britain alone amount as L(;n,.ltQf Hrj. Boards at these place».BR of iron and steel ls nearly as largo ,,..,,,)..-,« of the Local Advlsory 'retiredof ManagempnU from l«hl tíermany-s output . who was a meinMer oi our Board taken together; It ls stül sunmMed nowev Mr. Paul .lonas, has owing to advancing tain and France as imi hnt when lio the áujSvlâory Board, States, which amounts to about twlce to 1RG0, joined the United has been age. Sub-Managcr of the. Head Office, Mr. Her' ,otd Nai.htali. hitherto a BõaiJ of ""jfí^Sfdtag appointed a mesnbor «' *»»o the balance of £58,208 The Gro ClOaJoo will "íf,1.0'?^™;...rin cnn nnn We propose the payment Jharehoiaer£4 BankT, fully paid-upcapital cent,, and to increase the balance carneo\M,(j oêr cent. of tho c KLONNE. vi„:.-12. per cent., as a i The German Bank rate averaged 4.346 Per ^ns. P. Berlin, March. 1011 . SHEET, December 31 1910. BANK. GENERAL BALANCE our o 1 I ranches u; X-^^ DEUTSCHE Oversea buftinèss was brlsk. Ali Mark 20 = £1. "'™;™7^í7i::r "J:.q developing LIABILITIES « use. Our si: offlces ab aaû"».i"',"«is ata are noin hftg DR. £10,000.000 slowly. but on a sound baabL The new gi* Capital 6,286,808 To•• Reserve Fundi .••;•'"¦; 70,782,084 ¦• current Accounts and deposits 740.848 ss^^js^^^t/^srwritten ofi.against£5,080,000,000—" - ¦• for payment, of this Branch has been a. >»-¦'lftrgolyin cheques not yet presented 18,085,015 the figure of £5,00o,000 0M " ..., Our turnover attained i by ourta|{ Bills Payable 1,450 The funda entrusted to a •• Dividends ••••• the preeeding year. 0xx tl te o th mu i, Uiielaimed rt74..r).r..1 [ncrekned during the year under review Qf ou_ |(it;(1 ¦• |,r. <; von Siemens Pension Muni G7.427 so that " •,••',','. caie to increase our liquid assets ltl(.pfeceding year. Suiidrie- • • 40,000 being Bpmewhat gw™'0',higl"J » »• for "Talon tax liabilities the percentage tm <»«<»' perceiilage Special Reserve 1 027,540 lf we include Loans on Merchandise amongst " cent..cem..occa8ion Proflf would,voi,l.l work out,out at over 77 perncr statisticall chart rbowing on th sôceaa < „a : given on Account We have attached to our report mj ar.^ , |1)(, ronewcd Contingenl Liahility on Otiarantccs th.he development. of our <>f (h(, Rpncml of Customers, £0,180,780. progrers mado since trade^ni^^ájo^^ng £107,011,840 commercial crisis of 1007.... «««b current and kept, with the Bank including ASSETS. The total number of accounta ... against 227,08o at the end of the year vserc 288,701, deposit accounts at the CR.iS\. £4,604,005 in- 'coiiponV 'and ' "Bond ! 1,1,1 ._.5,384 to• 5,810, the Bv Ca .'> ' h in course of ôír increased dttrlng the past yeaj-from „„„,,„ - Co*>Current Accounts• value which arises when ; ínrAlturo.epa'ratory to pcbtors on ' 1 073,750 of orr Head and^Branch Offlces *. haa " "stem-n-' 50.000 er...-.8ion 'lhe oit x . von Pension Fund ercjr,'oa cf new premises. out-lay Svésíments of VhA" Vir! G.' 1,406,570 against profits of the,n8trlbutes a •¦ also been charged entirely ê a , Bank premises üeberj-eelache Bank again had goou ^ B U) The Deutsche cxtciid it , sphe Ho £107,911,840 dividend of 0 per cent.; it will shortly ^ ^ Um(> view having oeen b preiaretioi.s with that end in past. June 6th, 191ir 572 THE BRAZILIAN REVIEW. 23,250 PROFIT AND LOSS ACCOUNT, Dwetntm >1, 1910. France Holland «'aqh 5'bbU DR. Switzerland ;?•••• . £1,340,053 ^ way as fará» To Oenernl Bxihíiiack be noticed that Brazil leads the £107,009 Rates and Taxea) It wíll - (Includlng "Talou- 20.000 and her output increased by 800 Snecial Reserve fos Tax...... :•••",;;:• 101.965 produetion is concerned " Ainount- wrlttvn off Furniture aud Premises Aciourus. As the has, however •' 1,027,549 WM compared with 1908. pr.ee Net 1'roftt value of Braz.han cocoa was £3,149.567 fallcn considerably the actual 1910 than in 1908 m spite of th.s CR. 9Wm francs less in Bahia aupphed some £58,208 ncrease in In 1910 ByBalance from 1WK» produetion. and Amazonas and Oro»P 1'rolH (or 1910:- 28 783,000 kilos, Pará some 3,783,000 Interest. Dlscotint, Dividends nnd Exchange 1.727.810 oip^han:W&&%*:Jfeg Commi«.r) Pernambuco most of the rest Profit Sundrie» 469 094 about 1,000 tons while on Invcstmcnts nnd 3,091,269 duetion in S. Thomé increased by 14,260 tons m 1908 to in British África it increased from £3,149,567 t22,4Thet01Mlnister's been «jjltad apropos The foregotag Bnlnnçe Spcet and Profit and Loss.Account Cable to Messrs. Kothschild the Message ran as follows:— 5th May by mittee of the Uonrd «I hasten to answer your telegram of "]'.LTF whose VOri GWINNBR. B. HK1XIÍ.MANNv '<• which will reassure those DFUST8CIIK BANK.-A H. NAPUTAU. giving you information feiuch! Cí KLONNET P MAXKIEWITZ. C. MICHALOWSKY, with Brazil. The declarat.ons that U. BCHKOTKtt. interests are conuected in his Message concermng our nnan- nnd Accounts havin* been ««««»P»;'''J? t,,c the President made Tho rorègoing Report 19 tgj he reveal a firm of Shareholders. held in Beri in on the 25 th March 11,. besides being true and frank, noral Meeting cen•"" "'"'"is ciai situation, reparêd to |.ay the 191.. «ou, on. amounting to 12 Iper ,,hl' to Brazilian finanees, in YARD I.OMRAKD 8 PIEB I. intention to fresh impetus LONDON AIJKNCY, 4. 0B0RGE |0*,JJ give ered.t value of the dinrcB. at the Exchange of the day. less Income.1 the high standing which Braz.han and dotailcd Information respect. g thoJf.°Jffi BanKg order to maintain report (in German), glving íull at tlie Message, so far from o,íerntionH. InvcMments nnd accounts. may 1)0 obtained Oil application deserves. The figures quoted in the nhove address, alarm, are of a nature to give greater confidence justifving stress on the in the future, because the President lays Congress a reduc- irti existiu" déficit, in order to recommend to of economies tion of expenditure, promising a programme out with determmation, and Revenue at the Port of Rio de Janeiro for the month which he is prepared to carry for measures, with the aim of equal- of May amounted tò 3.808:120$ gold and 5.977:017$ pa- be asks Congress prompt expenditure. The Message, whilst taking equivalent in ali to £820.318. As compared with the isine receipts and per, of authorised expenditure, also states corresponding month of 1910 this shows an increase of account of fche excess receipts, which, m the first three For the érst five months of 1911 revenue at this the steady growth of £249,708.' show an increase of looOO amounted to 40.415:003$ as compared with months of this vear. already port corresponding last and 30.882:780$ in 1909. there heing contos of réis over that of the period 35.592:209$ in 1910 favourable through this of 10.823:334$ as compared vear The economic situation is equally thus an increase year of the same. In with 1909. increase of and the value with 1910 and 15.587:823$ as compareci the produetion it is only Inconvertibie Notes in Circulation on May Slst amount- order to have an entirely prosperous situation and show prudence ed to 616.829 :887$500 as compared with 017.405 :008$500 necessary for us to carry out economies That is the of the on Aprit 30th. a reduction of 035:121$. On August 31st, in authorising expenditure. programme it out it was necessary 1898 inconvertibie notes in circulation amounted to Government/and in order to carry which the President did 788.864 :614$50() so that up to May Slst last the total to explain the situation frankly, therefore reason to withdrawn is 171,534:727$. Convertible notes in vwth dignitv and patriòtism. I have amount the knowledge circulation on May 31st amounted to 271.715:378$ bo that exnect that, instead of a bad impression, of the Government the total money and inconvertibie) in of the Message and of the intóntiõns paper (convertible and commerce, circulation amounted on that date to 888.545:2O5$5O0 but inspire confidence in the trade I trust also that equivalent at lOd to £59,230,351. and likowise in the future, of Brazil. you the first impress- of the expedition which recently returned emptv-handed will use your great authority in removing telegraphic reports The Amazon Telegraph Company Limited. Since this ion on your market by the produced opinion and the Company duplicated its cable between tlie cities of Pará from this side. I tussure you that public favourable view of the and Manáos there has been practically no interruption Press here have taken the most of Communications, which shows that the Company was Message. right to urge the Government to grant them leave quite «(Signed) F. Salles, Minister of Finance». to make this improvement, while the pity is that Govern- ment did not grant permission before. However, nlTs well that ends well, and now the Company is going ahead and giving general satisfaction by the service which it provides Trade with Great Britain íor 3 months, January-March for tlie Amazon valley. In accordance with a recent decree 1909-1911 the Company will reduce its rates for private telegrams in Brazil in proportion as its traffic increases. The reduetions 191C 1911 will be as follows :— 10 % of the original rates when the 1909 number of words despatched to the interior and abroad in private telegrams oscillates between 500,000 and 600,000 £ £ per annum ; 20 % when fche number is between OOO,000 Hrazü Into U.K 2,583.704 4.Õ23.276 3.V79.358 ImportBof Merchandise from 1.159,938 and 700,000; 30 between 700.000 and 800,000; 40 » » Spcoio» » » »¦."« 154,305 146,495 % % of U 900,000. It is Exjwrts of Products and Mannfaetnres 3.056.509 between 800.000 and interesting to note into Brazil 1,758,244 4.0H6.047 K. 121,025 162,386 that the Amazon Telegraph shares are now in Lon- Expoitsof Specie from U. K, to Brazil 122,401 quoved colonial merchnn- — Hc-oxports of Foreign and 122,713 don at 7 3/8 7 7/8 whereas eight years ago they were dise from ü. K. to Brazil 72,206 95,094 at 2 1/2. U K. and Brazil for 3.. The World's Produetion of Cocoa. According to Le Total trade between 7.980,904 montbs, January—MnrchI 4 690,810' 8,^.,V37 Journal d'Agriculture. Ä Tropicaleproduetion the total produetion of cocoa in the vear 1910 was 204,600 tons as against 193,110 The faÜing off iti value, of imports from Brazil into tbe of tons w 1909 and 148,180 tons in 1908. U. K. is accounted for chieny by tlie decline in tlie price The countries of origin were as follows:— rubber compareci w ill¦ the reeord prices of last year, and that principal to no war mtons of Exports to Brazil from the U. K. apparently, included in the returns for the first three months Brazil 35,730 vessels bein& of the current year. Equador 30,650 S. Thomé 29,020 Trinidad 23,200 British African Possessions 22,470 fffltfe §pili§ Venezuela 16,800 Redacção Epistolar. — Por um Professor. Typographia San Domingos 14,820 ('ourado, Rio Claro. São Paulo: 1911. The largest consumers were as follows:— This is really a most useful book containing 588 model United States 53,730 letters in Portuguese. The range covered by the subjeçts Germanv 40,720 of the letters is very wide and the student has a form t, England 24,260 ready to his hand whenever he may want to dun a debtor

**&><*> 573 June 6th, 1911. THE BRAZILIÃN REVIEW 1

money, ask a landy's father for her hand m marnage, TATTVTÇlTnW for up. or condole jmH, & fl ft Titfl a neighbour to keep his dog chained UX11N W 1 W*N ü* VA Vi éaà Wlii request Senously, "¦ J with a friend on the death of his mother-m-law. to foreigners as well the work should be of the greatest use we cannot help thmkmg as Brazilians and Portugüese and it would well repay translation, of course with the that and French. The necessary change of form, into English is in a practical, business-hke way and is AGENTS. book prepáred my aunt» and «boots COFFEE EXPORTERS.STEAMSHIP far removed from the «tooth brush of long ago. We strongly 0f my uncle» style of not so very and abroad, who have GENERAL COMMISSION AGENTS. advise those of our readers. here to, to order a copy Portugüese correspondence to attend without delay. +^*4%m-<- The Animais' Guardian, May 1911. This periódica! Journal», it* mofctò is calls itself «A Humane Monthly He that made thee made the brute» and its l PAI» Al «Bcmember We can MIM OfFPS IS II STATE OF obiecfc is a strong Anti-Vivisectionist propaganda. with the movement, onlv say that we have no sympathy Paulo is worth that of many 8. as in our opinion the life of a man must be brought into the Imites while if Christianity Pardo Amparo. Anti-vivisectionist.s that a S. José do Rio Carlos do Pinhal question we would remind the Espirito Santo do Pinhal S. that thev has said «Ye are of more value than many Ribeirão Preto 8. Manoel Greater of suffering Jahú sparrows». Vivisection done with the minimum Tanbaté thousands of hu- to the animal may save the lives of many Jabottcabal image surely man man beings. If God made man in His own more value than the brutes that perish. Presumably is of its covers the who edit this magazine and plaster accept sole representation oí manufacturers" people and would Open to with photographs of dogs, horses, cáfcs pigeons that these creatures should live than that their own rather írom agony children, wives and husbands should be saved whieh might have General Agents In Brazil for the and death through lack of knowledge animais. been obtained from operations on these Hamburg. Südamerikanische DampfschifffaMs.

ENTRIES OF RUBBER. Gesellschaft. report for the month of April According to Messrs. Gruner and CO.'B in toni are as follows:— comparativo9 entries1906-07 of rubber 1907-08 1908-09 1909-10. 1910-11 REPRESENTATIVES 1,840 1,370 1,800 1,400 2,810 July 1,690 1,500 1,890 1,870 1,870 August '£.020 1,980 .••••••••• 2,070 2,410 2,856 Ltd., London; The Sack- Beptembe, 3,200 3,460 3,276 8,170 Guardian Assurance Company, JJJJ 4,640 3,790 The October 3,480 3,200 3,430 Syndicate, Ltd., London; November _'___ 2,560 3,800 3.610 2,640 Filling and Sewiug Machine December £ 7«n 4,860 5,480 5,480 4.180 Coffee Co., Ltd. í;;::::::::: 4.70O 5.79.") S. Paulo Pure ,X 6,340 5,040 The State of (Brazil) iss, 4,240 4,140 5.2 iO 3.T.10 Ltd. Automatic Weighera). SKT ...::::::.:-:4,wu« 8.100 3.760 3.600 3.490 W & T. Avery, (Patent April 2,625 8,210 2,340 2.170 May 1.600 1,660 1,670 1.220 June HEAD OFFICE: 81,780 34.155 3Õ.76Õ 3'2.745 Total tons for 10 months. 33,880 86,660 88,065 39,165 Total tons. 12 months . 88.005 6, GREAT ST. HELEN'S EXPORTS. 1909 1910 1906 1907 1908 20.623,909 19,805,228 22,979,321 E. C. tfnrnn*.... 18,576,451 10,278,263 LONDON, TO 16,587,321 17,539,442 19,646,980 15,000.491 To UriSFltata :: 16,102,304 38,063,351 89,462,208 38,039,818 Total—kilos 84.767,755 85.865,584 shallow. YARROWS DRAUGHT STEAMERS ..a¦—-—;—~' ¦ . :'j

~~/It 9Mfe m*=^/m ?«ki^.Litíi,nr^T^^Sí^L.~~

~~»»»^i |iií( u\|"ii-f- aj?»j ^t ;3J \t\m ^ * »J"*'" _~ =z æi LwiW RSFnMlí AwTM~~

-—^ «DAiirHT by a STERN-WHEEL —:^S=~ RIVER STEAMERS, either propelled of SHALLOW-DRAUGpATENT by which means a YARROWS make a speciality HINGED FLAP. TUNNELS, fitted whole, in pieces, or or by SCREWS WORKING IN of cost Vessels can be delivered obtained withou^J^ ^.^ considerable Increase in speed is ^^ that they m^^ . .„ floatabie séot.ons arranged so tQ;_^^ CLA8C0W. (poplar, london.) if.naAUl O Ort IWiLtd Shipbuüdnr?. YARROW & CC, no. 147, Rio de Janeiro. Bros. &fy" Co.,da Quitanda Representatives in Brazil-_Walt.r June 6th, 1911. BRAZILIAN REVIEW 574 THE LONDON AND BRAZILIAN BANK LIMITED ESTABLISHED 1862

Capital £2,000,000 Capital paid up £1,000,000 Reserve jriincl.... £1,000,000 i 'lokenhou8e London, *C. arei, 7, y Head Office «9 Wua da AUandcga. Brandi Oflice in Kio de Janeiro5," l*ue Hcribe, I?arn_. Paris Mrancli the ío!lowjt.g B™S™ :^Km0B, Draws on Head Office and S. PAULO, CUR1- PABA^^^f^^^^f^iòSAmO DE SAKTA *. USBON, OPORTO. MAHA061 PORTO *g«**^ TVBA. RIO GRANDE SUL, NEW YORK (Agency).

Also on the following Bankers:— Credit Lyonnais—Spain. Anglo-Oesterreichische Bank—Austna-Hungary. Glyn, Mills, Currie & Co.-London. Meiera Branches. (Anglo-Austrian Bank). Soe"™ Générale-Pari. and Gossler & Co.-Hamburg. Banco de Portugal—Portugal. Meesre. Joh. Berenberg, Imperial Ottoman Bank—Turkey, &c. Credito Italiano—Italy. CORRESPONDENTS. of Brazil, Uruguay, Argentina, th. _ * • nllali,the fhP nrinlnal Ports and Cities Agents or Correspondents _ PW^^ope., Th. Bank has . , LIMITED THE LONDON & RIVER PLATE BANK 186S ESTABLISHED *íK'. <€& tffD#::7:::Realiseo ""1,300,000 4» Rtttrvt Fund » • and 112 RUA DA QUITANDA = 29 RUA DA ALFÂNDEGA NB6uWenV0rA'ireSftsn And at W»,» RBosátioPMe°ndoZa, Concórdia, Bahia Blanca, Salto and Valparaiso. ^"'tr^trK^ií'Tncnman, bIcetoB0;í Montevideo, Paysandu, -AGENCIES 11^ BRAZIL Grande do oul, Pelotas and Porto Alegre. MBratrr;aponténfsinuXrt Poorá Maceió Rio ai. other chiei towns of Brazil.

CURRENT ACCOUNTS oprned with commercial firms and and purchased on the BILLS OF EXCHANGE issued private individuais. DEPOSITS received for fixed periods or at 30 dayB* notwse town. o. the UNITED WNMN^X^. Principal of withdrawal. LETTERS OF CREDIT issued. to." .. F.UNC» and o, dvicnp ..IlWiíi the pnnc,pal STOCK and SHARE ORDERS executed and every ««* tion of banking business conducted. TERMS ascertainablo on application to the Bank. AssBpoK%r ands^ JAI Afs. TNITED STATES, CANADA

BRASILIANISCHE BANK FÜR DEUTSCHLAND « » in Berlin and the December, 1887, by .be Direction der Disconto Gesellschaft M.hll.hed in Hamburg on 16th "—Hamburg. n Norddeutsche Bunk iu Hamburg. Capital ReaÜsed 10,000,000 Marks. Branch Office in Rio de Janeiro: RUA DA QUITANDA No. 131 (Caixa 108) *7-Ba_„ < ».*» .5, ©¦"• «-» 5*0-Hantoa, Ca,.» ,S5 ,•„,,« A,,.,..-. Ca_a „„„.» omce. in : 8a. ** Cible x\«l«írowH: ALI-LMAIÍA^K Maceió, Parahyba ,1o Norte, Victoria, Rio Grande do Sul, Manaos, Maranhão, Ceará, Pernambuco, r00 UKBFONDBNT8Pelotas, IN : Pará, Curityba, Paranaguá, Santa Catharina etc. Draws on : — /Credit Lyonnais, Paris and branches Paris Direction der Disconto \ Comptoir National d'Escompte de Paris Paris Gesellschaft, Berlin Société Générale favoriser etc.) Paris Bremen and correspondents. * ™ncc" ) (pour Gtrmauy Frankfurt a M. Lazard Frères á Co. Paris Norddeutsehe Bank in /^ De Neuflize & Co. Paris Hamburg, Hamburg \Heine & Co. Paris ! London Credito Italiano M. Rothschild & Sons IMMJ ) ^ fN. Gesellschaft London Banca Commerciale Italiana l Direction der Disconto Lisboa & Açores and correspondents and Liverpool District Banking rortugal—Banco \ Manchester Spain—Banco Ale man Traiusatlantico, etc. S Limited London Company London United State», Ar gentiim, Urugiiay, Chile, México Knglaud • Union of London and Smiths Bank Ltd. / & Co. London and any other countries V,Wm. Brandfs Sons Executes orders for aud sale of stocks ^ ftcoount* current. Pays intereBt on depoBits for fixed periods. purchase "P shares. etc., and transacts every description of banking busine.B. 575 June 6th, 1911. THE BRAZILIAN REVIEW. THE BRITISH BANK OF SOUTH AMERICA, LTD.

~~HEAD OFFICE: 2 A, MOORGATE STREET * . LOJNDOIN, K. C_. Capital _W,«0Í|MÍ Idam paid up Mi,i?f Reserve Fund 700,000~~

Office in Rio de Janeiro : 31-A Rua Primeiro de Março, 31-A and 1, Rua do Hospício, , \ — Branohei at:-SAO PAULO, "AHIA. 8ANT08 AGENTS: BUENOS AIRES, MONTEVIDEO and F. S. Hampshire & Co., Limited ROSÁRIO. Correrpondenti in:-Pernambuco, Par_, M anáoa, Ceari, Victoria, Maceió, Maranhão, Porto Alefre. Banta Catharina. Paranaguá. Curityba. Rio Grande do 8ul. Pelotai and Societá Bancaria Italiana Geaoa. Orawt on Iti Head Office In London: and Correepondents in Italy. Hijos Madrid. Limited ...... •.London. Messrs. E. Bainz & The London Joint Stock Bank, Garcia Calamarte and ali principal towns and Correspondents in Spain. Me..r.. H.ine & Co£__•__ Credit Franco-Portugais Operto. Banque de Bordeaux S„mk™__, • • Lisboa. • Hamburg. Banco de Portugal • J. Berenberg, Goasler & Co• Correspondents in Portugal. in Cr .rmany. and and Correspondents The Bank of New York, N. B. $ New York Messrs. Ressi & Copinna E. Raoul, Duval A Co Harre. Banca Commerciale Italiana wreuu». America. Opt«i Zealand and Cities on .Vestem Coast of South Also drcws on South África, Austrália,New principal Current accounts. an- transacts every deeorlptlon of banking bu.lMts. Reeelves depo.lts at notioe or forHxed periods WORLD. AVAILABLE IN ALL PARTI OF THt CIRCULAR L_TT_*8OFCReDIT

~~______¦______¦!II¦__¦—¦ Banque Française et Italienne pour I' Amerique du Sud.~~

~~SOCIÉTÉ ANONYME~~

HEAD OFFICE : PARIS, 73 Boülevand haüssmano QVfr.- «__„io Santos, Caixa *53 Caixa ._ . .; Sao Paulo, Caixa 5_íoi: «w ANCHJCS :Wio de Janeiro, Pinhal.(__.____ Ribeirãowiv,o_rrir. Preto.Pr^m. São CarlosCai Agencies : Botucatú, Espirito Santo üo » Telegraphic Address : - SU DAMI51US»

,v BFcs 25.000:000 g*. Z_,«p*.-»Capital subscribed"---"--tt.Z9_T.UUU6.250:000 &.pt **%**?; Reserve fundfund. » __«„ wii r_.ií> • "Banaue de J?aris et des Pays **aí* ^V AGBNT9 IN 151 _ AZILOl,U. Italiana- FOIJNDBD 1$ Y & faronsei etc. i ai,s'ytl»^Comme_ciaIe l?aris, ss Soe iéte Générale pour IHilan. orta.it towns of _3ra_.il and abroad. inau^u.-.in ali the most inl\> most liberai terme Correspondente of banlcin» business on tlie 1 lie Bank transacts every GENERAL AGENTS OF THK " " - " " ' «La Veloce" - Itália Lloyd Italiano. Navigazione Generale Italiana— Mercantil do Rio de Janeiro Brazilian Warrant Co, Ltd, Banco 67, PRIMEIRO DÈ MARÇO, 6r S. PauloSantos o Ribeiro de Oliveira e Souza. Public Warehousemen President—Jo. Director—Agenor Barboza.

Business and General Forwarding Agents. Custom House Warrants, etc; and to lend mo To discount Bills, Promissory Notes, sale on Co^s.o,, AlUlasses of'gooés receiaJor only, at moderate rates. ^^^^^^^^SZ^^. or Storage and ubroad. for OF INTEREST to be obtained at RATES Tarifís and ali other information 3 per ceut Accounts current. ',) at the Head Office oi » > the above. addresses or H months. 6 » » Company. (j » » the iit fixed «lates ü » Deposits 7 > » 3 8,c_vreat St- H©len's 12 24 » LONDON, E. C. June 6th, 1911. THfí BRAZILIAN REVIEW 576 the.value pit*Up- Coffee continue, to yiel.1 heavily. nnd SalitôS bemg &^^^W*% ments fro>n Bio 32,9ü2,bciõ or t nA Qfifí iflfit vear and for the crop & Coffee keep well fgOMg g_ftt tá 569%W! mo_ Than Inst yenr. priees 2,h1.19U WBHE W«K f the eeeurity of -a_e __ Pnrd and Amn.onas on ~_Tj "1.3 Ce be- s s 1 1 § the State surtax of 400 reis. "~1—_.""£ ThVt0. ¦ °f H adltion thl S f ,6«o» S^ ofr^Vnsfoí 340 tons to th^S.«e nccoun. í,«ii *•55 2 3 S .o M tons a shnnkage _rr~"!s^8M *«) a p "8 ps DB______ ^ §"""__6ig rtss !l-i-ª? S r__ ___ íastónra B._¦«_*" Í8 now be said f2OOpUO'1 -O""²~~ ** ^t ^r^r .nnr^-f / ª,²¦_; __.-• i *sgí 2 exceed 1,500 tons ' Qg00 R• I 8 SR g g c I not Winc.iuding some — - -g- Congo J--- JR_I || ^ .*_ ^ *_«ij«d s s? r^t:: &m£tlZ i I ^ui_Jl„í'¦•¦¦¦_,/ei— AB_—~~• e» ,in'' from con- Fa 8 S with 8,000 tons withdiwn g a | TwfoleaTthat be very flush io ¦¦•'¦_)>o___>60 íi! , imfacturing centres cannot aòpooi _J,0 «> » 5! -£ to resolve itself into a _ d he t™ on° «em. i _^'1;!;bber as to who ^« t- and mannfacturers __» =r_T* «9» j_S o_® aao O5 _. ." luggle beTween p.oducers 8.8 O — || II is 88 co eo ¦£ ¦•* _ __"__. »¦_•_•¦_ Ca" .(10J, *\o_I «e. »w f*5 w it is that Vo' Ty«Tperhaps even more possible ia from Banks may fcíi §Si SS o x eo rt V. _! witl, liber_ help . §S 8» M» «« e_ ,.,".ni n int-rcs, a |wí3iUJü,l the from othei _? -_5 CO » _j _• but with supplies ca «o C. S2S8 01 o o driving up ST -. _> _: •r.\C. _j luected in prices ¦_ _ O. O» _Q iO »s «* __ 5 .O _> ifi _> way they are the denouement *t*ll _? í dislrictl incrcsin . in the 7.'. o- 9 2 CO -. _>E ã SP, jgg gp g^g« §__PS in'^teeS.d.BSuL 8Ut at the Bank ot Bra.ill on.May "u^rir 25.322 :513* on Apr.l il 1 s-^ sã ss 5S !L_ÜL was .0 H88 :622$ as compared with §3 or over £1,000,000. - O h——— ² 00_"*¦» 80th an increase of 15.066:109$ ^- oocowto1»--Sj at the Caixa de Conversão _1 © — dnring the week SJ_ * «OCl wZ • a3o,0^,!2-— ""^ —¦*_^>i_ m deposit toda^ -o ____.*-" A*" the total amount S__,uopuoq * amounted to £41.578 (Q 1 o being £18,110,220. ——~zz~ 5 ^ ^ Zi'*-'-. » V. S « " 8 : : No. 8742 •£._>& -u-° — The President òf the Bepublic by Decree - -v % 'F_-*Ci Banque Française a 2§ rS <. c_i t_|< — — 25th 1011 has authorised the t/j».r* __J_ of Mav .n the l'Amerique & SuÍ.to open agencies ,,, italiennè pour m the State of Mocóca nnd S. José do Rio Pardo _„__.., m. «jjjo-** _r :i s?as? Cities the State ot ^s^^íírt.3". S. Paulo and at Curityba the Capital of of authonsation to *._ ."iÇt *2? "•in i5 Md-N- "•""•""ratio"- Vimxu{{ .The same bank has asked for T»e.-»r. m . Kio Grande m the State lfcd>e «da?. May 8 lit .No change.s» open __enci..s at Porto Alegre and lhurNd.y, June lst. No change do Sul., «o cha^g . of Rio drande in the rrlday. Juoe2od. , remuined unaltered at the — Tho associação Commercial of Alto Jurua the Minister of Agriculturè at l« l/s w.tl. bllla «t Vore Territory has reqnesfced down to 10 l/Od. Bauka dre« of Finance with a v.ew to the 10 3/Hid. to appioach his colleague DAY. of the Bank oi Bra/..l m that 3 establishment >,< en Agency 29 no 31 1 HOLI DAY Territory. HuiiL ICnteN : «7o • 3 '7o 8 3 ia 3 - Bank of England.. '7o ü/o "/o announce the re- »/ 8 u/0 3 5 3 —Messrs J. Henry Sclirüder and Co. Bankt»f France .. 3 agents advising them that Open Mfttket 8i t of a cable from their Santos *• in respect of the surtax Rate» »/.. 2 1/8°/o 2Í/8a/0 ÜU/0 ,! have ("rthcr enoashed Ê24.340 London . . _ l/H 2 i/8 7„ o« (to^ State ai/8°/o 2l/a./; 2 1/8"/o 21/8 0/0 .ou;, uld weekly for the service ot the Vive Pari_'^/«0/o bonds, making a total ot £l,07b,á-O P„U4:l..,«e. ,,3.!U 25,29 26,291/2 25,29 1/2 0f San Paulo Treasury ^^ since July lst, 1910. Bruxllinn encashed 87 3/4 STOCK EXCHANGE BUSINESS DONE ON tTÍÍ~RIO 1911 THE WEEK ENDED JUNE-'nd !-,/,J •«" •« DURINQ -^{ ^^ l^ffii_:::5 » Fund mg... 5"21«/2LÜ4nii i«-» Description^ Qlo8Íng provlous%ata Hrltisli Con- ^^ S0191813/10 Gowerni. ent Seourltlet. 813/8 813,8 80 9/10 80 5/10 1:029$ Moy 26 AiK)li'«-s5 percout 6591:030$l:02á.— 1:025$ do 2(X _. 191:020$1:0001— do 201:032*1:027$— 1:028$ Loan (union) 19ü_ 1:015$ 1900 4381:012$1:010*- I.oan (unlon) 142910*908$- 910$ of Mina* 90$ Si ato 823'.Ut90*591$ THE BRAZILIAN REVIEW State of Rio 1 l'Pr cent.. . 196$ 1906 566'97$H<6*W* Rio Münicipalily 1:018$l:01ó$— 1:016$ Saturday. June 3rd, 1911. Loan (Unlon) 1897 Santo 00/0 nom.. 24SõO*8Í.0*— Espirito 11 ti200*198*— this afternoon with the Bank of Hio Municipality The market closed 1009 31181$181$- the other banks at 16 l/16d. 1910 132206*206*- Brazil drawing at 16 l/8d. ^nd Nictcròy Municipality 197$ May 26 16 3/16cl. R.o Muulcipálitv 1906 "«m- 215199*1*8*1«9$ little money offering and bills at . 31198$198*— verv rate inam- , 189-5.. bank rate of 3 % the drawing of Minas (.00?)...... 900*900*—- \t the present State 910*910$ 16 7/32d left a narrow inargm of Stnteof B.pirilO Santo 7ü/0 — tained for some weel.3 of of Rio fi°/o nom... 90500$500* on London State 30288$287$288$ ecuiivalent to some 84$0()0 per £1,000 R10 Municipality vic20d.. profit v anka. on Buenos Aires. (10421_*210$216* and 98$Ó00 Btatit — the Bank of Brazil has. apparently, got ali Commercial 2;'2116$114$ Now that Brazil fractions 25 402G0*260$260$ rate has been dropped 16 3/8175*I7ò*175$ the money it requires its drawing Romm_roio is nisutheient do fractions 2 2/8200$190*^00* to 16 1/Hd at whieh bhe margin of profit and other expenses. A good deal Insurance. .11 fco eover cost of shipment — including some 2255*65* has, however. to come Integridade 30* — of aólà yet Indomnizadora 20030*5 Aires and Montevideo and, it is 7ô0* 750$ — elirAlOO from Buenos Argus Fluminense 20$ Brazil 16020$20$ stated, £700,000 from London. 577 June 6th, 1911. THE BRAZILIAN REVIEW.

RAILWAY PORT», etc. Trtwimmyj: 609 Railways im Brazil Railway • 766 766 oblig 400 Rede Sul Mineira170 !• 4 lj2 224Õ 2215 2265 Pernambuco 809 Minas de S. Joronymo.600 Cie. General de 404 Cie. General de Kio do Janeiro Cotton Miais. Brazilian Fedoral Railways 5 Oi.O 479.60 cent 450 3006 3006 Goyaz Rallwaj 6 per 399.50 Alllança... ••Jj íiorth of Brasil Railway 5 per cent 3206 S206 cent 443.60 rroirerpo Ind»"y 406 406 North West of Brasil Railway 5 per 40S cent. .. 429 8. Felt-"J 2756 Paraná' Railway (North) 6 per 275$ Railway Bonds lsr ._ries 460 PotropoliUno.....<"> 2756 2766 3. Paulo Rio Grande 460 Brasil Industrial £> dittnditto2-.U series 2451 .45* series 447.-5 Corcovado-50 dittodittoSrd dittoditto4th (I-arar-') series . 447.50 dittoditto&th (8. Francisco) series 417.50 442.60 Mlsc.llanooua May2° 4415416 4365 4065 a ¦SouthSouth of Brazil 447.òO » of Brazil 5 OiO 2nd serio Loterias Nacionaes2.600 4565 --6 4_65 466 483 Docas da Bshia .."-«B 10$ May26 South West of Bahia 6 per cent ..200 10t106 Victoria and Minas bonds lst series 4G2 Terras e Co.oolsaçao 388$3S86 44. .75 de Santo. fi* 176 May26 Victoria and Minas bonds 2nd series Docas •"» I6$61065 451.50 Centros Pastoris....,. ív. 446 476 Curralinho to Diamantina 46$436 Rio de Janeiro Tramways 472 Docas da Bab.a v/cSOd.3.500 ....60 89$876 Port of Bahia 5 per cent. 448 Trausp. e Carruagens 2606260$ 472 BrahmaW Port 0t Para 6 per cent' Cervejaria 200$-0-6 Prof. 6 0/0 S«3 Zslgmon-yP do. Paulo do. ord 212 Dsbsnturos. Port of Rio Grande, priv. 600 frs 640 442.75 20762076 26 Port of Rio Grande bonds Carioca (Fab)...... JJ 2016May Bspanot dei Rio de Ia Plata ••• 41.4 ....gj 2056520665 Uanco Mercado Municipal 5065 4965 4965 Credit Foncier du Bré.U 56_ Cou».«..860 Paulo 482.5U Ass.dosEmp.no ';" 2<>56-006 Banco Credito Hypothecario 8. Fabril Paulistana 8?/o••• Fab..50 21)862086 Confiança Industrial 21262126 Cintarelra*° Progresso...80 1.8619»- Manufaotora 2006-006 S Bernardo Fabrilw> _k__j Ifikitw

STOCK EXCH-H-E BANCO DO BRAZIL BUSINESS DOSE 0H THE S. P-U-0 BALANCE SHEET, 31.t May 1911. WRIK ENDED JUNE lst. 1911. DURINQ THR CUslng Assets. Lowsst Closing Previous Dats DESCRIPTION. Sslss Highest 125,000 shares of 200$000 25.000:0006000 Apólice* as guarantee íor Reserve Fund 2.017:6136866 Qovsrnment Ssiarltl-S. Account9 current guaranteed 16.611:670$171 Bills di-count-d 31.464:9106762 ¦02561:026$ Bills rtceivable 2.262:2176710 serio6 Anol St. S. Paulo, _th Securitiej held in guarantee 63.64H:8736869 Paulo 6th^ tpi State of S. :0'iO$1:040$ Scciiritien deposited by third parties 47.255:2476713 series Agents in Brazil and Europe 516.021:3456938 Municipal Loans: Securities: 100*976 ul.l_i.000 at 27d 10.49O;200$00O 8. Carlos7q 100$1006 Other 3.383:1638137 Pr. U- .,ou Ribeirão - 93$-3$ » 13.873:863$137 Espirito Santo 94$948 Bonds in liqudatlon 4.211:9686056 Tiété Bul. ing and Furnitnre of tho Bank 1.4110:0006000 8undry Account11.374:4046637 links. Cash 40.388:6226984 *g 18361816 União 8}J 16061606 775.560:1986358 S. Paulo 45064606 Industria Commercio o Liabilities. R.llways. 39063906 Paulista a'i-6.- Capital 70.000:000$000 Companhia |o7 3(i0$36-6 2.018:2476768 Mogyana"J Reservo Fund Accounts turrent without interest 75.016:0076112 with interest 6O.999:506$484 MlscllansouB. Accounts i-urrcnt Accounts i-urrent abroad 262:1896930 4f>5 16761-66 1666 Accounts 1 urrent at flxed dates 11.027:23-8370 Gompaahia Melhoramentos.. 1086>«>»« Agents in Brazil and abroad 412.489:0196263 Papel.... Fabrica l,u 1126H26 Bills at piemium 14.665:796$190 Inlciadora Predial Judicial díposits 1.530:853$ã49 Securities .leposited by third parties 110.904:12'$072 Dobos-turw. Federal Ti easury Accounts current ••••1.459:146649. 102$.102.5 Federal Troasury Exchange Account, ..1,000,000 at 271.8.888:8886380 Cia. Tecidos S. Bento? 916«46 .*72:06O$O0O Preto d00 — Bônus F. eLuí Rib. 986y'8ò 976750 Dividenda of the Bauk 396:6106500 E.de Forro Dourado''' *9$.96 Sundry Accounts 3.768:2216465 Rocha"J Cia. Calçado 100$100$ Proüt and Loss 1.561:7.16208 8. Martinho•••••• ••.:"" do Rio Pardo...-01 96695$ Santa Cruz 89$89$ 775.660:1986358 «Casa Tolle»"* 89$89$ Cia. Industrial*£! 88$88$ Rio do Janeiro, Srd, June 1911.— Joflo Alfredo Correia de Oliveira, Aotlng Thermal Caldas••;••••l•°gJJ 94$94$ Jabotioabalou President; A. Mesquita. Chief Accountant. F.e Luz do 836-3$ Motallurgica7&

PARIS BOURSE. QUOTATIONS 0N THE LONDON AND RI.BR PLATP. BANK, LIAIITfiD. May 13th, 1911 BALANCE SHEET OF THE RIO DE JANEIRO BRANCH. LOANS. STATE AND MUNICIPAL Francs. May. 31st, 1911 100 °l\ 1883 Brazilian Gold Loan 4 1/2 99.60 4 1/2 1888 89.76 As*ets. 1/2 1889 101.70 % 1895 104.10 discounted 6.397:0.06300 Bills o^ 1898 Funding 88.60 Bills receivable 13.973:714$.30 0/ Recislon 101.75 Loans, Accounts guaranteed, etc 4.845:077$840 1903 (Port of Rio) •• 102.60 Office, Branches and Agencies. 0.174:271S0S0 % Head /.36:.S33$770 1908 Brazil N. W. Railway) 5i:i Sundry Accounts . 6 % (Port of Pernambuco) 449.60 Sundry securities Accounts current guaranteed, etc. 4.648:809$420 Railway) 41.310:9788910 4 \ 1910 (Goyaz 460 Securities in deposit ..., 6.183:7076.60 Alagoas. State 5 per cent. 1906 442 Cash: In current money 1900 6U.50 Amazonas, State 5 per cent. 84.370:1136760 Bahia, State 509 Bahia, State 1910 L"Y«1Í 471.50 Bahia, Municipal 6 per cent. 190o ... 471 Liabilities. Ceara Stato 5 0[0 1910 503.75 1894;•• Espirito Santo. State 5 per cent, 477 branch t.5<)0:000$000 1908 Capital of this 1.437:444.920 Ditto6 per cent. 477 flxed dates Deposita at 8.968: !,83._90 Maranhão State 1910 509.50 Accounts current with and without interes. Minas Stato 1907 476 AccountB...•• 14.«88:661$500 15.50 Bundry 4."). 909:7886330 » » 1910 4'. Securities pledged and in deposit Paaa, State 5 per cent. 441 ••• 99:3856110 Bills payaole 12.0-0:8996910 Pará Municipality 470.50 Head Office, Branches and Agencies Paraná. Stute 5 per cent. •••••-'_"" 485 Pernambuco, State 5 per cent. 1905 . 486 84.870:1186860 Pernambuco, State 5 per cent. priv. 465 do Norte State and River Rio Grande 511 de June 3rd, 1911. For tho London State 5 cent. 1905 .. F St O E-Rio Janeiro. Accountan 8. Paulo, per 607 .-(Signed) C. D. Simmons, Manager; N. B. Shaw Do.6 per cent. 1907 613 Piau BiS-.Limiled Do6 per cent. 1908 MmM|MI«f«>M i5SW>SM*t«"l3'a***5sas^iimísísmtvsm^^i. June 6th, 1911. TÍTR BRAZILIÃN REVIEW 578 of BrasiUan Stocksmi share. on DE JANEIRO Closing quotations BANCO MERCANTIL DO RIO the London Stock Exchange BALANCK ON THK 8td May IMj May. 19H Asseis llth, 2 076:210.$000 DBSCBIPTIOff Shoroholdors 80:000*000 Shares píodgod,e.OW: 717*053 Securities diíCOUntodül9;36:i$845 7.000:081*498 Goverament 101 Bills »/i°/o- 99 BIIIh reeeivablc_[ _J Gold Lowi 1883 4 99 100 1.708:07P?840 1888 4 li,'/,. 1/4 °/o...- 87 3/4 88 current guerantood. 4.440:f)f>7$T;i3 c 18894 Accoünts °/0. 101 102 Seourities pledged 1.111:176*000 < 189Õ5 101 102 In dep >sit 708*741 « 1903 5 °/0. Securities B:<ò: o/o- ' Bund y accoünts 2.646:868*287 < 1907 5 102 iòs" 1» cürronoy < 1908 6°/0 Gasta °lo 863/4 87 1/4 19 408:798*049 « 1910 4 scrip 104 Bonds 1898 5 °/o 103 New Funding °/o 871/2 88 Rescísslon Bonds 1901-2-5 4 Liabilities °/0 100 102 5.000:0(30*000 State of 8. Paulo 6 ^885 102 5°/o 100 Capital 8:633*821 » > »"-» Bonds 100 102 , , , » 6 •/„ Bonds -90...... Reservo Kuiel 80:000*000 fully 102 1/4 102 3/4 Director* Caütion 4 .929:750*977 » B*>/° Treasury Bds. Scrip pd- 100 st sipnl 5 °/0 98 Accoünts current 491t7-4*2ô« 8tate of Par* 97 9'.» Ac.-ounts current WÍUl BdViCO 112:091*000 do 1907 ali paid ÍI9 íixed dntes.. Loan, 1904....••••• 97 Accoünla currontat 1.928:4221509 Bahia 6"/o Gold 100 1/2 101 1 with interest Lloyd Bm„ 6°/0 1909 Stg^-bdi... Bills — 80:020*000 Conip. •/• 1910188. 90 Judicial deposite• ,v 6, 65i:788*?83 Comi. Lloyd Brás. 4 &* Bds 94 1/2 and in doposit. 93 1/2 Securities pledged 1.802:820*168 pd°/0 93 95 Hmidrv acoounla Stato of Alagoas 6 Bonds 19.4985795*049 Municipal Bonde 9G 98 City of Blo de Janeiro 4 °/0 ' . 98 99 de Janeiro, 3rl June Ifcll ditto 6°/0 gold bonds' 104 Rio e Sousa, President, nt 92' 1U3 joCw Ribeira <« Oliveira O. Gonçalves, Ãccountant, ditto õ°/o goM bonds Iss 103 of Santos 6°/0' 101 City 103 104 do 19106°/o' 104 6°/0 Bds Guar' 102 Bello Horieoute • • 99 Manáos of) 6 1/2 °/o Stg...... • 98 (C. ofl90o.... 90 02 City of Belém (Pará)6°0Gd. Bs. 108 Gld. Ln. 6 °/0i 1908...... ••• 106 BANK l UR DEUTSCHLAND 8. Paulo bds. BRASIL.ANISCHE Porto Alegre Gunr. Sterling. 5°/0 Gold THK RIO DE JANEIRO BRANCH. Scrip. certs. 1944 98 99 BALANCE SHEET OF 5 Gtd Ln ítO 97 11*11 City of Pernambuco %> May. BUI Port of Babla 6 °/0 dobs Bds Red 93 94 Port of Pará 6 °/0 Gld Bds 94 96 Assets. 15.274:714*882 Railways 13279:656$!i93 5 3/4 I0;H13:248*687 Brasil «real Bouthern 7°/0 Cum. Pref* 1/4 8114 11 3/4 UiltS discounted 18.932:941*200 Gt.WestemofBra7.il, Ord receivable ¦••,••;•¦'•..'.... 18.204:805*146 ªD> 6°/0 Non-Cum. Pref• 12 ia i/a Bills 67i/a 68 1,2 Hcuritles nnd Bills pled?«d 19.614:6828810 Leopoldina Limited' dei>OBit , 5 1/2 "/o Pref.... •¦••••••/ 103/4 11 .«uci.rltlcB In 8.877:254$770 °/o ' rei« Caso: In Cürrency Porto Alegre a Novo Hamburgo 1 103.996:206*644 Shares....-' 0 1/2 Blo Claro, 8. Paulo, Limited, Hhares 20 1/2 a7 i/a 8. Paul». Limited 211 213 °/0 ^roí• 112 114 Liabilities. 10 000:000*000 > 6 Non-Cutu. l$000 6 •/„ lst Debs 108 109 Ca ital: 1 M»rk cquali •••••'"„. 13.000:462*098 Araraquara (8. Paulo) Ry (8tg) current. with and without»lntcrest Accoünts branches and corre«Pon^ Accoünts with head oflice, 9 034:621*111 Railway Obligations 9.C97:378I386 OxVd'dates lind with advlcc . DepoSts", •¦«•« recelvabler« on se- Hraxll Gt. Soulhern, 6 °/0 Stl. Mt. Debs. 1893 96 98 Securities pledged In deposit and 60,762:330S252 102 ª6 °/o 811. Mt. Debs. Bed. 100 count of cuBtoiners 6.045:518*098 °/o Perm. Deb. Stock. 93 95 Accoünts 6 138 Suudry Gt. Western of Brar.il Stock 6 °/0 136 103.996:206*544 4°/0 f. 93 94 S 07 Leopoldlns 4 % Deb. 8tk Red 96 Bátiuiãnii (Directors). 6»/o60yr. IstMt.Bds,;•••••••••¦•¦• Red 97 99 E.-Ulo de J anelro, QuUchow, Madoira-MamorôRy. iM R. & 6 °/0 Deb. Bonds . red 99 Mogyana, °\0 88 Brazil Ry Int Bd. Certs 4 1/2 87 Ü Paulo, Ltd. ò »/, °'. Debéntures Stock.... 126 1-8 6 °/e!do 114 110 OF THE CAIXA DE CONVERSÃO 4°/o do. 101 103 BALANCE "I 118 SATURDAY, lime 8rd, 1911. Bio Claro, H. Paulo í) Deli. stock. 116 "/o Red. 97 99 emission) 97.690:790*000 Brasil N. E. 6 Debs. Net amount (total ready for 12:550*269 balance in "Í8Í Subsidiary coin. 5J?£Lfl. 6Vq.oAÍ.V.V ,:650:185(000 Banks Cash. gold In depoBÍt,deposit £8.770.0'»^ 191:9881*44 ;V.'.'."-'•'¦'¦ Franes, 52,447.38o ¦•'.'.'.'.'.' 26.001:695*165 27 28 :l5 * '7(Bfariíian)'.'222:016*000 Britisb Bank of Houtb AiihtIci», Limited Marks, 875:854*876 London Ã Braslllan Bank, Limited 34 35 MUrclB gold 16*651 Limited 02 63 Portugueao forte») 5$0«>o London A Rlrer Pinto Bank, Reis BI.606:329*708 Espsilol dei Rio de Ls Plsts 17 1/2 18 V- Dollars. 26.47:..998 898.681*032 Banco Pesos (Argentine), 1!1'2.3'..0. 4.458*082 Shipping 7.130 Crowns, ,••'"'''"'_'" 480:810*863 271 668:818*715 Co, Limited 14 1/2 15 1/2 (Spanlsli). 738.540.. Autasou «leMiu Navigation Posetaa Royal Mail Btenin Packet Co. ord 77 1/2 79 1/2 36ÕÍ266:658*984 ditto 6 u/o non-cuin Pref. Stk 95 97 18.909:396*00 i ditto 4 L/2 e/o lst. Del>. Red 102 1-4 Government responalbillly 34ü-.:iS0$0OO ditta 6 °/o Deb. Stk , Red 100 10-2 Dlfforence in gold Pacific Steam Navigation Co 24 172 25 1/2 Prince Line Ltd 5,8 34 3S8.696:430*000 Mining Ouro Preto, ord 1/8 1/4 Bslsnoes. 8t. John dei Rey 23/32 25/32 Credit do Prel. 10°/0 lb 481.1F6:620*000 15/ ie /16 Notes issued ""," Telegraphs $140.178:9801000' 7 3/8 Loss retircd and replaced A matou Tel: Hhares Do 5 °io Debs. Red., Sep. ali paid 98 7 7;8 e90.,'h7:C,40íOOO 13 1/2 1UU Western Tele. Co. «bares Notes In circulation 97.690:7901000 dodo4 o/0 dei, 101 14 ln cash••••••;^;::L'„'.'.'.'..18:000$000 103 tíubBldíary ooin received from Ireasury Miscellaneous 888.696:480*000 °10 4 3/4 ô Braillian Warrant Co. 7 cum, Part. Pf. u/0 100 102 on Salurday June 3rd 1911 Cantareira Waterworks 5 deb. 2nd issue.. The gold in tho Caixa de Convers.V. or Imp. Ord 10 3/4 II 1/4 equivalent at lhe rato of I6d to £18,110,220 City" of Bantos 11 amounted to 171.668:8181710 do 6 0|0CumPref IU 1/2 in Saturday. 103 £4l.'>78 moro than tho previous do õ °/o lst charge debs 101 do 6°/0 (Trams) Debs. Red., 101 103 do 40001-60000 1/4 4 1/2 Kio do Janeiro City Imp. Limited 4 do5°/o Deb. 1878-80 101 103 103 do do do 1882-1901 101 5°/0 dbs. 11 ed 1901 101 103 UCleemann's do 1 -f)üJíivt. a. arr __*?..• fC\'.V* • doóo/oist. 7 3/4 Pará Klect.RvB o Light 7 1/2 f> 7/8 do 6 0/0 Pref 5 8/8 102 do 5 0/0 Deb. stk 101 1/3 1/2 170 Sào Paulo Tram. Light A Power (*100) 168 õy,stav Jfíeemann, JCamiiirgG. \ do5°/0 Mt. Debt. Led. 1031/2 104 1/2 ($500) 65 Sau P ulo Match 6 °/0. lst. MtDb 60 579 THE BRAZILIAN REVIEW. June 6th, 1911. OUR OWN STOCK. Brazilian Stocks and shares on Closing quotations ot IN BAGS OF 60 KILOS biosuiy 4 U.1.437 the I|0ndon stock Exchange •*¦'," HIO ^lock on May 25th• 22.448 onded June, lst. (Cont.) Entries during week 173.K85 32.655 wook.. Mnv. llth, 1911 l.oaded «Embarques», for tho DESCRIPTION 141.-33 ama on 97 33.435 a°/0 95 •" •.;•',' * Muniolpeüty oií Pará improvement» 5/1Ü 7116 Mav 25th;: Factories... % Vianna on Ma) , 2olU N. BrMllU» Sugar 98 100 Stock'in Ilha do 55.874 9 1/2 M.náo8Har.6o/oDb.(R|.)Rd•' cum. Prof 9 do lmp: 7 93 95 30.505 do. «-W}D.ej£vR*Íi 194 1/2 ding transit Co 92 t/á 125.814 do Trams A. Light 99 101 Water. 6»/0 1 Db..... Pernambucodo6»/o2ndDel.. Stg. BcIb...... 98 00 "i» 'A', Ked. 83 85 ^"^^z^'z"z24. no Bahia Rly, Beg. Trust Certs Cent. "B" 25 27 ditto Certs 6 t/2 7 t/2 lst 101.638 7% Cum. AND AFLOAT ON Juno a Paulo Coflae £"!• 102 104 STOCk"IS N10THEROT Vat Mt. Deb. Red ílfcto 6>í% 8/4 9 1/4 THOSE AT NICTHEROY Ord. IN lst and 2nd HANDS and Meuehatel Aepballe 1/4 9 3/4 STOCK 245.871 °/0 cum Prof.. do õ AFLOAT ON Juno lst and 903.089 SANTOS Stook on May 25lh••• 33.678 weok ondod Juno lst. &> Enlrics for 996.767 138.657 samo wook Loaded ènMrqiM during "TTÍÕ0.98Í808^110 Iprtrt IN SANTOS ON June lst STOCK and Santos on June lst. 1911 Stock in Hio 1911. 1.203.835 do on May 25th, 2.H05.840 ENTRIES. do -iul, 1910. COFFEE do do on Juno In baga of 60 kilos FOREIGN STOCKS THK CROP TO FOB THKWKKK KKDKD KOR ln Bags of 60 kilot

Rio May. 27/1911 May. 20/1911 May. 28,1910 2.155,0002,11^000 2,932 000 United State* Porta, 3.003.000 2,535,000 2,517.000 ~5.985,0l0 llavre 6.77:? 1 .£93.010 I I 337.166 Central R'y ,8.72121.462 4,090, COO 4.633.01J0 R'y """ Both 61.000 Leopoldina 200.820 1.602.516 7 i,000 73.000 Inland mrR8.1 14 341 Pt-liveries United States oaatwise, dJsoharged 167J04 VÍHihle Supply at United 2.990,000 8;Sg __J. _jM\_ -184:280 2,407,001) 2,307. 00 3.123.96S States jmríi Total... 22^85322.146 22.445 2.060.024 1'rnnsferred from Rio to Nictheroy 405 727 77.161 SALES OF COFFEE. ~ 178406 lst 1911 3.046.807 DURINQ TH1 WBBK KNDlNQJuno. Not Entrios at Rio. •• 22.44821.419 22.267 2.020.883 Juno. 2/19)0 Coastwise, in transit i Juno. 1.1911 May. 25/1911 Niothcroy from Rio & R'y ...... 19.147 23.991 Leopoldina 2.632 l_.469 1.948 Jjjj214!4(MM':? 29.274 12,087 Rio . . , 98,865 111,919 including Ni ' Santo» Total Rio 24.215 2.362.097 8^6.920 36,078 othoroy & transit '•" 25.08022.888 U. 210.502 128,139 131,006 33.67820.421 40.888 7.897.418 Totil Santos : Total. ""b7.^843~309 65.103 10.259,515 14.667.4*2 Total Rio A Santos COFFEE LOADED (EMBARQUES). were trom: kilos. week ended June lst. 1911 In bags oí 60 Tbe coast arritals (or the Juno. lst, 1911 2.000 DURING THE WEEK 6NPIN0 Victoria 820 KOR THK CKOP TO Piuma 500 DUR1NO WKKK KNDKD Macahé 241 1911 1910 Joào da Barra. 3.. 1911 1911 ISW S. Juno 2 lunc 1 Juno 2 Caravellas 14 Juno 1 May 25 Paraty 3.614 3,031,084 T«U1 32.652 37,268 86,285 2,006,840 Crop to Juno lst. Hio 1,493 221,767 319,895 8. Paulo Railway fl for the 1,221 3,U>2 entrie. b, the dlfferent Nlcilioro? • The total ²pef were as follows: Remaining Iu iranalt at Total at Total ai Rio Inoludliig Niotheroy 228,107 3.350.979 PaBt Borooabana S. Paulo rolai 3:5.87;i 40,870 37.778 2 A iransll '.306 9,069,824 10,278.988 Jundiahy ¦íd..V« uSttS " " 138.657 191,028 ?™%° 90.358 Santos.' 6.762.312 ü.12o.682 13,029,942 MSS i:«l:S 11.MP.W 172,630 235,298 89,084.11,297,981 H» 9.636.636 Total Kio A 8»nto8

thaweek^nding 1™J£*%$Z for Foreign Portt. Entries ,t Rio and Santos during value of Coffee cleared Juno lst, 1911 DURING THE WEEK ENDING last 10059 515 bags as against l4,6o7,432 year. Isl were l Muy 26 Crop to Juno. I )s a. lM°£ntí a-J?a^5SUnwec.| and k M June t May, 261 Juno Nliipmeii to U,^, ,£ ^f^^rcrT-ba?^'.!ted Kags. ! HauB. _i H»rb bagsas against 13 029,942 yearflG 1,880,1471 6,464,870 a &. and ^tantaMJ»*, 9 265 38,15.r>|28,568 115.472 F. O. B. Value „f shiçmenU, Rio I « 47-í,032| 8,996.877 26.60J.081 na monnted to A»,».*» j 183.880 146,959,601,80-' Me, ...... JIcrop, bfv SbiUOS I0,8b6,024 32.066,951 I last 198,185 185.U4j630,370 Wm\ «.««inst £27 392,906 year tbe weok rotal 191-, 1911 13.225,944 26.510.846 week aml 17,214 64.964J88,114 134,790 Sales d0 L909/191ÜI 36,078 last year. '"TZyZ*. Prices for «.«J*^ June nd 1910 Ave,.gc 1911 4$õ37 SAILED t«0716$9l8 COFFEE 7 10 kilosA6S57Q 48200 Rio No. n.9(> W«J« C.N.,OH«0 TO *â Superior Santos"» 8.25 OUH.NO THE WEEK EN0,HO U«,1* ' DESTINATION!!- New York No. 7 (cts)...Ly iof wí.a 1 100 981 bags as againstagains FOLLOWING "-f-^ek" last *,„«,. at Rio «dtagj and 2,005,84,. Sags year In Bags of 60 kilos. loTHEK T°TAL CKOP TO KtlKOPK A K'VKK US1TKD „,. °ACAPKfORTS"0RWKICKT1ATKD*TK MKDITKK. ,OABT PlíTI PORTS STA.TKS KANKAN svoro as follows: for tho last ton years Up to June lst, « ntetee 645 10,833,2.169458 3,30!) 4,3301 7578980; ~~ 8.998518 14,936.051 Rio ..• 100,411 — I 4>m ~ 183,880 1901-02 11.7.-2.721 SnutOB. 79.068 I 1902-08 10,163.163 1908-04 9.074.5ii9 1,167971 5,381 - 645| 200,713 1904-05 9,960.885 B2.368 104,741 7.578 18,602.708 1910/1911 j HVtf-06 - - 25.726 13.562668 1906-07 10,263,627 8,512 1.550 1909/1910 7,043018,234 I I 1907 -Ofe 11,962.015 _, 1008-09 14,657,482 1909-10 10,250,5 ir» 1910-11

~~ipiiwMimiiFWWMHWWBIlHBBJBIBr^^ ¦n»Ji, ,i»«pra_>"~~

~~June 6th, 1911. BRAZILIAN REVIEW. 580 THE~~

Eugen Urban 176 May 18. —NATAL—Cabedelio. Zenha Ramos A Co.. 100 COFFEE PRICE CURRENT. Ditlo—Natal G. Pedr^ra. 260 » Fabricio lst, 1911. Ditto— «fc Co 130 Darlaf t_a Waak tailag Juno Ditto—Macau Sequeira 150 Ditto—Mossoró Jnne A?e- Thood. Willo & Co.... 60 May May May May Ditto—Araoaty May 1 rage Sequeira & Co 50 DESCaiPTIOK 27 29 30 31 Ditto— » 200 1.105 26 Thomaz Poieira & Co. Ditto— » 40 22. ,),,,"~Eugen Ditto- Urban.....53 7.26») 7.180 Ditto— BIO- 7.100 7.200 7.266 Zenha Ramos & Coiw 166 7.166 Ditto- - 10 kilo» Ornstein ACo;«« N.6. Market .100 7.133 7.071 Ditte— 7.000 7.066 7.133 Sequeira* Co...."» 086 7 100 Ditte— » • Ornsloinrtri.iMn * Hn290 • H.7. .000 7.700 6.93?, IMttmu. .-Coarároar* . 6.933 7.000 Rwnog & Co 265 933 6.933 6.866 •~~larft » » Ditto 180 . N.8. 6.866 6.866 6.799 "" ' *"Pinto OrnstolnACo 6.800 6.866 Ditto & ( R 30 6.800 6.800 6.733 » Ditto- Si 100 . N.9.» 6.7H3 Ditto Manaos::::::'.:::*.'::.' «o(ii,olr?7rí^°- 1.632 Urban.. 60 Ditto Eugon SANTOS— 6.750 .72* 230 6.700 6.760 6.760 Co. klto*... 6.700 6.700 6.250 .175 25--IT^CVolRotGram,C:'. 50 Superior per10 6.100 6.250 6.260 M^Sinídt A Co. Qood Aterage 6.100 6.100 DlUo-Polotas•• 8eqH0lrB & co 231 Dillo— SilvaA Co... . 475 '»• DiUo-I-P. Wrõ.'.*.'.'.V.'.'.:::.. Castro M. YORK pt' I 12 1/4 12.17 Sequeira & Co, 60 V/8 12 1/4 — Ditlo- 1.286 N. cent. 12 1|8 12 1|8 12 11.93 Thood. Willo A Co. 260 Spot 7/8 12 — Ditto- . . • 117)8 11 7[8 10.75 10.72 A^o.... 150 Options— 10, -GURUPY-Pernambu.0Ornstein 10.65 10.70 10.63 10.60 28. 100 > July...» 10.79! 10. :'.'.Zenha ¦ Sept...» 10.661 10.50 10.58 10.45 10.40 Ramos A Co 5ti0 1".37 10 SS K~°~ . "** 240 » D*0..» 10.471 10.30 ... Eugen Urban Y,1 365 185 HAVRE, P*r 60 kilêt Ramos & Co. 80 00, Ütí.75 6i».75 66.62 Ditto-ParaZenha 130 14.70 Optionsfrancs. IJ6.50 C6.25 66.50 67 Ornstein A Co.. July.. » 67.50i 67.25 67.25 67.12 DiUo- 67 25 66.76 06.75 i Sept.. » fi.j.50 67.26 07.00 67.00 66.87 Pinto & Co1*J » 17.00 66.60 30 -OLINDA Para.... » Doe... , CastroEugen Urban<£ DiUo- Silva A CoJJJ >,',*. DlUo- . HAMBURG ptr &_ Co Ditto-Ccarà £«£ Moore & Co.... 80 Optionspfenníge 66.75 66.25 60.25 56.20 DiUo— » J. 56 26 55.60 50.25 Castro Silva & Co. 20 July... » 55.60 55.50 65.51) 66.16 DUt0 _ 55 25 54.60 51.75 & Co. 70 i Sopt... > 64.'26 54.24 54.00 Ditto-IUcoatiara Pinto 54 .25 63.25 53.60 64.60 160 Dec... Ditto-Natal iVlTl*n 65 |""»-M«»°ssr/wmo-ic; 80 etc/, LONDON ptr DiUo— 20 1.275 Ditto— Eugen Urban options...«hllllngs 50|3; 51/- 50 9 50/9 60/8 » 511- 60i3 » July... 51/- tO/8 ;,0/9 50,6 Silva & Co 100 • 60|9 601 B0t- Alcgre Castro » Sopt. 49/9 49.6 W/0 49/4 31.—ITAPERUNA—P. Schmidt A Filho. 100 1(j|6 49t- 48(9 ; i,it,_. :*....Adolpho • Dee... • Ramos & Co 75 Ditto -PolotAs~~l'' ,Uis Zenha K. Sohmidt A Co 25 Dilto— » '...CastroMo. Silva A Co 60 SÃO PAULO COFFEE Ditto— » 80 430 THE WORKING OF THE Ditto—Rio Grande 110 ESTATES June 1 —FLORIANÓPOLIS—R. Grande Eugen Urban 7.678 Average Total Coastwise. Number of Number Average of Cwts. net Prfee Rate of Year Cwts. Chanaan. Ernostlna. per Cwt. Exchange. s. d. o 7/8 2Ü.500 It — 1607 7 11/16 20.830 28 0 SANTOS 1898 7 7/16 17,020 21 10 1899 4 8 1/2 50,240 24 ENDING JUNK lst 1911 1000 20 1 10 1/2 DURING THE WEEK 30,016 o 12 1/6 1901 23 & Co.. 75') 1902 40,820 12 1/32 —THAMB3—SouthamptonMichaelson Wright 2S.470 27 Õ 23 540 1003 29 11 12 7/32 Ditto¦ Geo. Rosenheim 35,373 _Co. 110 1004 80 6 16 7/16 \)\\\q> Nossack 3<1,108 Johnslon A Co. 60 1005 8,474 24 0 16 9/32 jjjll0, Ed. 00,042 Wille A Co. 680 2.130 1006 8,112 30 0 15 1/3 DlUo-LondonTheod. 1007 24.300 15 1/5 53.340 4,706 2(5 o 1WIH 15 1/5 Roxo ACo... 324 47,041 11.181 20 o NILE-Buenos Aires 201 6 5 1000 38 1 16 3/4 Barbosa A Co. ><>10 42,964 5.480 Ditto» Wright & Co. í.OO 24.—TOSCANA GenoaMichaelson , Nossack & Co 500 Ditto» 100 DiUo», :...,:Cómiri.; E. Exp. Turin... week & Co 36 Tn our fcable of Santos manifeste last Ditto», Canaresi Correction. . Sundry 19 as shipping 0,580 bags to Bot- DiUo» l Mr. Eugon Urban is given Ditlo- Naples This should be Hard, Rand & Co. 6v?5 1.780 terdam by fche s. s. Asuncion on May 24th. Ditto—Sinyrhi ²í»50 total for the vessel in Arbuckle A Co.. 0 750 bags. so that the question 25 — PURÚS-N. York instead of 00,040 bags. should read 61,110 bags •JÕ.-WOODFIELD-IIavre Barbosa A Co.. 8.375 4.500 Ditto , Goo. Rosenheim OF COFFEE DiUo Krisoho ACo2.000 MANIFESTS Ditto Theod. Willo ACo1.500 Nossack A Co1-2Ô0 TflE WKKK ENDING lst JUNE 1911 Ditto DÜRINQ DiUo Hard Rand ACo<&0 Dilto,„,,„ ...... Eugen Urban250 RIO DE JANEIRO. Diito-Southampton Geo. Rosenheim A Co1.000 lagft. Total Date. Vessel and Destination. Shippers DiUo » Hard Rand ACo250 Ditto London Naumann Gopp A Co8.000 Wille A Co ²250 2.750 Mav 26.-ASU "ICION—Çopenhagen.. Th. Ditto Hard.RandACo Ditto a Thood. Willo A Co2.500 A 2.050 000 Antwerp opt Ornstein Co Ditto » Michaelson Wright A Co.2 CBEFELD Schmidl A Co L00 344 36.469 Ditto—»\ Mc. Dilto Ed. Johnston A Co1 WiKc A Co 500 Ditto— Th. Schmidt A Co. 250 ,500 DiUo—» Adolpho —OPPRRG-N. York Th. Wille ACo11 A Co 20 27 .250 DlUo—Leixões Ornstein Ditto» Ed. Johnst .n A Co2 A Co 10 3.330 Ditto—Lisbon. Zenha Ramos Ditto» Leon Israel A Bros1 ,600 Geo. Rosenheim A Co.....1 .250 166 DiUo —Punta ArenasNorton Megaw 4 Co. Societó F. Brasilionne.... 500 .8. C\NOVA' 30 Ditto» OrnstolnACo on bo.nr Theodor Wille A Co 1 17.001 D,uo— Megaw & Co. 50 Ditlo—Con»umpliou Ditto-ValnaraizoNorton 200 DiUo— > Eugon Urban -CEYLAN—Buenos Aires R. Alves Toledo A Co. 1 .600 50 17. 152 1.652 Ditto—Tal oahuano. Ditto-Montevideo Krische A Co Nortini Megaw & Co, 50 Ditlo—» "50 John Moore A Co. 50 7. Dato—» CAMOENS—New York Naumann Gepp A Co. Pinto A Co 50645 DlUo- Iquique Ditto» Leon Israel A Bros5.500 Ditto» Ed. Johnston A Co4.L00 Eugen Urban 3 000 M -CAMOENS- -Now York Ditto« Hard, Hand ACo3.292 Ornsteiu A Co 1.250 DiUo— DiUo Michaelson Wright A Co..2.250 ...Cario Pareto & Co. 1.000 Dillo- Dillo Holworthy Ellis A Co2.000 T. G. Cross 500 DiUo— Ditto» Roxo A Co1.500 Pinto A Co 300 6 050 Ü6.542 DiUo— DiUo» Baldwin A Co'-oO Megaw A Co. 130 — — Buonos Aires Norton Orleans Holworthy Ellis A Co5.T.80 29 AVON 250 SPANISH PRINCE New DlUo-> Eugen Urban Naumann Gepp A Co6.200 A 100 Ditto» Ditto—, » Pinto Co... Theod. Wille & Co6.000 .1. Moor» A Co 200680 Dil/o> Ditto—Montevideo. DiUo» Leon Israel A Bros4-79° & Co3.260 Orleans. Eugen Urban ²1.250 DiUo> Geo. Rosenheim 30.-SPANI-U PRINCE—N. DiUo Ed. Johnston & Co3.245 Hard, Rand A Co3.000 Piuto A Co ²300 Dilto ENGLISH MONARCH-Montevideo Ditto» Krische ACo3.000 ²750 Ditto» Roxo A Co1.25° Ornstein í» Co 35.276 une 1.—HOLLANDIA-Copenhagen. Ditto Michaelson, Wright A Co..1.000 Total Exterior. 13 255 581 THE BRAZILIAN REVIEW. June ôth, 1911.

deal over 300.000 Theodor Wille A Co 5.375 Commercial books it ought, to be a good 29 -FRANCESCA-Tnoste. 2.876 never Ed. Johnston & Co nothing of the mvisible entoes.¦which Ditto» Mlchaclson Wright &: Co. 1.500 b«s to say Ditto» that must arise ovei quito Société F. Bresilicnno... 1.500 gretenterédip, and the difference Ditto» Eugen TJrban 1.260 in 00 k.los bags where™ Ditto» Barbosa 4 & 1.125 half fche crop being shippedaway Ditto» 600 tlie country m bags ot 80 Naumann, Gepp A Co . tlie part comes in from Ditto» Hard Rand & Co 600 grealér Dealers ahoorn^am Ditto» 250 14.876 Búsffiess is very ,1.01 and Krlsoho A Co kilbró- over at esc Ditto» sell anything to consuming markets , & Co 1.468 that cannot — Aires. Barbosa are quite nominal 30 AVON—B. Eugen Urban(»*« ¦> under these circumstances. Quotations Ditto» Roxo & Co 87 2.134 Ditto» as under. o Roxo A Co 0 per 15 kilos on shore ASTURIAS-Paris Bollworthy Ellis Ac Co.. 1 Krlscho A Co 1.000 Bruto Mellado1"$300 Ditto 1.000 » Nossack A Co D.. 1$100_ . Ditto 1.000 Betamos.i'_ames -$OQ0_.rw^.. ¦» Schmidt Irost & Co... Ditto have °f" B'°/°f?3 Leito & Santos óOO during bhe forfcnight Ditto 600 Clearances » Langhausor & Co Rio Grande 3.664 bags. Ditto 376 oag8. Santos 12.850 bags. ports » Hard, Rand & Co '250 bags. Ditto Th. Wille d. Co 34.400 bags. Liverpool 2.433 Ditto > Pará etc 8.800 Ed. Johnston A Co 2.500 HOLLANDIA—Amsterdam. Eugon Urban 2.000 Ditto» into the United Kingdom Naumann Gopp A Co 2.000 [rhports of Brazilian sugar Ditto» 1.000 to 2,153 Sociótó F. Brésilionno fco the ei_d of April 1911. amounted Ditton Barbosa A Co I.ÜOO íor bhe crop Ditto» the con-esponding period Th. Wille & Co 75U toi is as against 24,526 tons for Ditto» Leme Ferroira A Co Ò0O òf imports of sugar from Brazil into Ditto» & Co 500 of 1910 The value Dlttõ Roxo was £17,202, ae » Leon Ismol & Bros 600 tlu . Tnited Kingdom for the «ame period Ditto A. Martinclli 3 Ditto » Soe. to the end of April 1910. B. Pinhoiro & Co 1 10.751 ligamst £294,747 Ditto—Lisbon Total. 183.880 fll lif.ll vir U LU \ Í0H Britain Toxtilos and Juto from Cr.at RAILWAY ,mp.rt« .f Cotton RA1NFALL ON THE LEOl-O LIU.--4 FOR APRIL (ln hunclrcdths of an inch). Stationsm?iQ 19091910>°11 DKSCIUITION 111 33 Cachoeiras„ i L. ~n Friburgo" go 2o 600 173,800176.200 or unbloachodyds Cordeiro35 13 Cotton Pleoo goods groy 1 RÍ8 6002,646,9002,480.5-00 Capivary,, do. bloách-dD^ 1672 1002 647 8002,477.300 Maoahé,,- do. nrlnteât .[..-'/-OO4,949,800_,0__,I00 Triumpho'.., ilo. dyed " Porto Noto* ' 5,808.-0-10,418:300IV-JSg-JW VolU GrandeLg do. mixod• £ 75.001 15M23I6tf.303 Valuo i Socogo' J. F. de Camposou ;Q Ibs ,.,35,500--,931.1001,589,000 Jut<' \iirnV of. ali_n Muniz Freire .luto rnanufaotures: Plooe goods 18,500*8,800 10 y

Pernambuco, Mny 24th 1911. bags ..... for orop to end April was 246.677 ,„,,, entry crop and 1 i v 136.500 same date previous & c° C0mpi v 1 bags against Zenha Kamos ,•?i ii, p.trv has been 15.184 i ia ÜC_&»***_.4«-°»« N«Associações» 73, RUA PRIMEIRO DE MARÇO, 73 ;",í,u::;:-,"77'iloat years 5.. page, own bi' here aflea-t an unshipped stoca I>1£ \S8tt»b tbeer^T KIO JANEIRO bags *to>$£*™ : i^0. atou. 746Ó00 e malce >t out 1 e^bn £"£tho ,„,,- „, keep it dark and ^ Exporters and Commissarios s a lo l^s^^ Importers, bein- correct and Aapment not <-onsic e> Fcountry^^ Ajêiits. is said some people do Steamship s oeks 1 t«tr^ .hipmenl as any longer -g so long as .«M^ ,„. bu surely no outRJ(ler oi'1 P* .g figm, in «n-«tomate ^ T„e £ortnights what, w awo&t foreign markets, CollecUons ,,,„ poSs.bly tell onp timp m Draw on the principal 'om realising in whieh they were undertaken Telegraphic Remittances, ^Zl Ue8enht seUer etc,. Exchange business transacted '"''' Stock ' at, "bip'erfaid for Rio Í" H$000 . d n nn* . 964 Telegrams:—"H0MERS"**» tf í^-^da. of medmms, V» Correio O.BO-L ) ao-* cone tions as to quantity .-* Caixa do (P. r"\;«l>out bOUROO i;bags Bs wunwbh Zfcfigure, ''^ Zplete shipments butr? m bothrts-s^leíoSyTo cases vêrenmiVnbablv ago a k pu banat lower^ prices- „f madôme ime 3oQ Sales 2oüq LFabdca jpt« on.ISth a Fabrica bought __ med_UmBt altogether, TfiOO bagso'!tt at iit»U$000 and retired{fer May 24tb 1911. [urther took 600 ^ Pernambuco, beno. resler. to any extent 'The and &*%££ ÍSSSoí"— i>oi lb'STitS- ^ ^ On anti^ "' £Mt the SÍ,U'S as 49.800 bags same time last ycai ^mQ uloo ba í W* conditions l!i" sbPP:r 'Tl had been 1.967.317 bags ,,n W too-860 bags ai same price fXre is a bigJ diseussion^ going- bought for the «op-There '" he sam.e Fabrica further date pre^s ~ «^ -^ r"1';""8;, a tòrnoon more as to whati e8tooksJafe South altho at least 1.500 bags on now °»*3. C bu £ more of only 108/2UU,UM"f Associação ^ estimates shipments by tl where taking entries and 6th, 1911. BRAZfLTANKEVTKW. June 582 TT1R

Departures. to day market opens were on offer at 13$800. ^f*™* Bv the R.S. Avon for Buenos Aires on May 29th, E. is 13$600 for good sertões and 18£ÕUU Best price obtamàblé m>ght. take a Forbes._ o..cr'd for Matías alilib' pòssi-ly fabrica on May 3lBt, be By the S.S. Asturias for Southampton y still, at 13$800 ü.ero «oemi. to lot at 13S600 family. "í Lall st G. ffime, A. Steer, David Màcneill and ¦: of cotton now for sale. There are a larçe buàntity but from »on,e that ran» are wanted compíaint. quarto» on the coast few days these have been pretty heavy pnst that have up next week we shall bear gone PORT OF RIO DE JANEIRO u,d"unIrv probablv have been Rio ARRIVALS AT THE also. Shipments during tbe fortnight L.ver- June 1»t, 1911. and 650 Pressed Bales. Santos 50 bales. During the week ending CT? New York. 695 bags. -A8IATIC PRINCE, British s..s., 1792 ton», from 2.171 bales and May 2C.~ tons from Dunkirk pool _ri.— FNGT, SH MONARCII. British s.s., 3207 TRITON RUBfilári 8.B., 14*0 tons, from Gulfi>ort. 2G.~- Tijuca. KOVDKK Brazilian schooner. 151 tons. from 20. from Rio Grande do Sul. 20.- FIÔ1UANOPOL1S. Hrazilian s.s.. 918 tonfi, - T1TPY Brazilian s.s.. 1780 tons, from Manáoa. 20. Barry Dboks. dQrENÒROHV, Brib.Hh «.».. 3019 tons, from 27.-- Marseilles. 27.—FORMOZA FrenclJ s.s., 2812 tons, from British s.s.. 3038 tons. from Cardiff. 27. lIVEUrbÒL. tons from Cabo Frio. ESTIÍFLI.A DO NORTE, Brazilian yacht, 80 §tpú% 27.- Caho Frio. gtakt 30 tonl, from 27.- ei.OTll.nH. Braz.lian yacht. Brazilian yacht, 20 tons, írom Cabo Frio. May 24 th 1911. 27. S S|'b\8T1\0. Frio. Pernambuco, -CAMA III. Brazilian yacht. 34 tons, from Cabo 27.- from Cabo .rio. It'i IO MACEDO, Brazilian yacht, 88 tons, -PíiANBTA, Brazilian yacht. 37 tons, from Cabo Frio. 11$500 15 kiloa.. SALDANHA. Brazilian yacht. 50 tons. from C. Frio. COFFEE firm at per -'. ALMIRANTE Fr;o. hag of bü kilos. ACTIVO II, Brazilian yacht. 33 tons. from Cabo BEANS 17$000 a 20$000 per O! INI) . BraziUin s.s.. 1240 tons, from Mandos. 27. from Santos. kilo firm market. 28. ftAVTOs' Brazilian tim.. 188 tons, MILHO 145 róio per 2420 tons. írom Sunderland. down again 28. MYIÍTIK BRANCH, British s.s., 0$OOO bag .S from Santos FARINHA after touching per 2g, -CAMOENS. British s.s.. 2040 tons, -F^ÍM.1.\NCA. Brazilian 33 tons, from Cabo Frio 28; yacht, York. to 5™ETaHTS \MKI.IK. British s.s., 2782 tons», from New every 2S. (riT\ from Ro««r.o unexc-ianged' and cargo getting - SI».\XISH PRINCE, British s.s., 4214 tons, 28. from Rio Grande do Sul. 28¦ OPI'I'H(} Ocrman s.s., 2140 tons. dfty WON liritMi B.a.i 0883 tons, from Southampton. until today when 28.- from Laguna. i 1 at 16 l/B bank 28.r- MAYRINK Brazilian s.s.. 375 tons, Mmmm steady tons, from Mamios. for next mail. Cobrança rate 28.- QOYAZ, Brazilian s. s., 081 offers 1/82 better ERNE, Brit Sll 8. h., 2714 tons. from Antwerp. Banco Becifb 29. LOUI> Manchester. day. 29¦ HOMNKY. British 8.S., 2810 tons, from has been 16 3/32 every Brazilian s s., 958 tons from Porto Alegre. 29. OVAHYBA. Torto Alegre. 29. IT\!1'BA Brazilian s.s.. 713 tons.' from i_.ni.\ l.ri7ilian s.s.. 208 tons, from Manaos. 29. 5590 tons, írom Hamburg. 29 K FIUFDHÍCK \1'(JITST. Oerman s.s., .0R10N, s.s., 1884 tons. from Antwerp. 29'. German Paranaguá. 30. PAULISTA BrazPian s.s., 615 tons. from S. Matheus 80 PINTO, Brazil;an s s.. 259 tons. írom MARKET. -KR0NB0RG, Danish s.s.. 2.209 tons from Nprfol, .. THE FREIGHT 80.- írom S J. da Barra. 80. -CARÀNGOLÂ, Brazilian s.s.. 258 ton*. The freight Belgían dredgeri 100 tons. from Marseilles. May llth. says.- :.o. CACHOLAT do Sul Brltlsh.-«lrairPTay. of ORION Brarlian s.s.. 957 tons. frorn Rio Grande in sou 90. tons. from Buenos Aires* being a good demand 30. -SrANCBSCaI Austrian s.s., 3185 is very steady, then. tons, from Buenos Aires. marl-èt which is not SI. \8TURIAS British s.s., 7609 markets for May tonnage, -Í2íbU8TRlAL. Brazilian s.s., 300 tons, from Caravellas. he lou.eward ,e -1. Cabo Frio. so far as tbe Indian market 31. GLORIA Brazilian s.s.. 253 tons. from t í too denand. in faot, Brazilian s.s 3100 tons, from Hamburg. boats. so that it .. 31. BAHIA. Paraty. I,. , è iiere is _ scarcity of.May 31. GARCIA, Brazilian s.._'., 141 tons, from further in rates for 31. HOMKH. Britiíh s.s.,' 1041 tons, from Hamburg. that we may see a- jump —SABIA, Brit sh s í., 1707 tons. from the Ph*te. lis, pc-sible 31. Amsterdam. 31. 55AALAND, Dutch s. «< 3520 tons from Brazil an s.s., 597 tons, from Paranaguá. *',ÍB but ehartering rules 31. GAÚCHO, Marseilles. is very steady in tone, 81; BSPÁPON, Belglan a1.8;, 100 tons, from Cri.»' 789 tons, from Porto Alegre. room is somewhat meagre, 81. TROPEIRO. Brazilian B s . Sul. as wbilst fche*~<_uir7 for Brazi lian B._t; 1813 tons, from Rio (irande do «l„w and eonseque. > 31 PARANAGUÁ', ,„„,,,., _eems tairiyfaii well distributed, that shows little • té" òf reight are kept upon , basis is some little de- SAILINCS FROM THE PORT OF RIO DE JANEIRO. flu h.. tion either wav. For coals there ,:;rf,,::;;;1 z ^.bL *«*, *«, a^rt ™± During the week ending June 1st, 1911. is firm. 126s. Sd.bei g s.s., for Santos 17s 0d. To the Biver Plate the tone May JAÚUARIBE, Brazilian Rio de A8UNC10N, German b.i ., 3018 tons, for Hamburg. 125s. for later pos.tions. 20.- for Bremen. ,, ainahle for June, and 20.- CREFELD. German s.s. 2444 tons, June stea.^r. Brazil an s.s 320 tons, for Laguna, 1-7». to 180b. for a hatidy 20.- LAGUNA; Grande do Sul Janoiro is wortb KINOSI.AND. Brltlsll B a 1792 tons. for Rio from Wales are as Mb*;- Tl'1'Y. brazilian s.s 1786 tons, for Santos. Coai Rates 27.- Paraty. ^ambueo,17»- 7 27.- GRACIA, Brazilian s ..s.. 141 tons, for l6s. 8d. to 16s. 0,1. toMl W<>• Cabo Frio. or V.abia ftòm 27.- GLORIA, Brazilian 8 .8. 253 tons, for 1ÔB. 6d. to 16b. 9d s.s'., 599 ton«, for Pará. been Rio de Janeiro from 27.- -GURUPY, Biazlian m paid. 07 . Britiíh s.s 2020 tons, for Santos. have been made .--Fiom HYHON, Alegre. The following steamer fixturea ÍTAPUCA, Brazilian 8.8., 97h tons, for Porto l/2d. to Manaos and ¦FORMOSA, French L,.s., 2812 tons. for,, Buenos . Aires.. S.S. Dehsby at 17b. 7 27.- Macahé. South Wales. 28.- -VENCEDOR, Brazilii.n yacht, 27 tons, for -Wilberfoíce Bahia or Pernambuco for Santos. M. at lOs. Od. to 29 - WURZBURG, Ocrman s.s., 3210 tons, Brazil is the de- -QUEEN AMIiLlE. British s.s., 2780 tons, for Coronel. I?' Argentine.—Bueinesa with quiet, & -.ITATIAYA, Brazilian s.s.. íor Porto Alegre. coasterj, 2.1. New \ork. wnned since our last issue. The 29. 0PPURQ, Oermnn s.s.. 2140 tons, íor áaad having Braz lian s.s., 431 tons, for Guarakissaba. keep rates firm and steady, 29. VICTORIA Aires. liowever, have been able to 29. nov BrítUh s.s., 0888 tons. for Buenos as follows:— 30. -ASSU' Brazilian s.s., 925 tons, for Porto Alegre. and we quote unchanged 30. ARAGUARY, Brazilian s.s.. 1400 tons, for Moddoró. 20/- To Pelotas 20. To 37 tons, for Cabo Frio. To Bahia and Pernambuco 30. -PLANETA. Brazilian yacht, Mio. 12/. Io ALMIRANTE SALDANHA, Brazilian yacht, 53 tons, for Ca»K> Desterro 12/. To Antonina 80. for New Orleans. Porto \U-re 26/. To 3U. 8PANISH PRINCE, British s.s., 4214 tons. 15/. 3207 tons, for Buenos Aires. Q%a n/ Tn Tiaiahvnajai^ 28/.__o . To^ San Francisco 30. ¦ ENGLISH MONAROH, British s.s., Florianópolis 14/. ip for Manaos. 14/. To Santos 12/. lo 30 OLINDA Brazilian s.s., 1240 tons, 12/. To Bio Grande \8TURIA8 Brltlsll s.s., 7509 tons. for Southampton. To Paranaguá 31. Alegre. 81. 1TAPERUNA, Brazilian s.s., 713 tons, for Porto l° «Times of 31 -GAMA II, Brazilian yaclít, 04 tons, for Cabo Frio. i With 1/ U) 1/6 extra from up-river ports. 31 OVERDALE, British s.s., 2240 tons, for Santos. •. G1WNO, Italian s..s., 1928 tons, for Buenos Aires. Argentina» Mav 22nd, 1911 31 íi 1* PERSONAL NEWS. DEATH. ARRIVALS AT THE PORT OF SANTOS. During the week ending June ist, 1911. Ist 1911 at the Strangerjs Hos- Boothrovd.—On June May 20. ANNA. Brazilian s.s., 247 tons, from Rio de Janeiro. 27 from Barry. Rio de Janeiro, Frank Boothrovd, aged years 20.- .VALNAZ, Brítlsh s.s., 2927 tons, nital. 26.- THE8P18, British s s., 2735 tons. from Manche-ster. formerly of Manchester. 20.- PAULISTA, Brazilian s.s., 008 tons, from Paranaguá. 20.- -SÍRIO, Brazilian s.s., 554 tons, frorn Rio de Janeiro. 20.- ÍTMPAVA. Brazilian s.s., 618 tons. from Pernambuco. week. 20.- l.r.WISHAM, British s.s., 1784 tons, from Rosário. Arrivals and Departures during the 27.- -JAGUARIBE, Brazilian s.s., 1002 tons. from Pará -TERPSICHORE, German brlg, 1935 tons," from Hamburg. 27.- Alegre. Arrivals. 27. [TAPERUNA, brazilian s.s.. 033 tons, from Porto f i' 28.- -P Dl ÜD1NE, Italian s.s., 4907 tons, from Genoa. May 28th, Genoa. Bv the S.S. Avon írom Southampton on 2H. R. PMBERTO, Italian s.s.. 1811 tons. from E. Williams and family. b. 82. -ITAPUCÁ. Brazilian s.s., 809 tons, from Rio de Janeiro. A. M' Gillies F Crompton, 28. FORMOSA. French s.s. 2815 tons from Marseilles. Nelson. J. E. Perkin, P. Beer Dr. W. 28 BYRON, Brit sh s.s., 2520 tons, from New York. N. Kegci. G. 29.' FRANCESCA, Austrian s.s, , 3185 tons, from Buenos Aires. Walter, G. Re.dy and Barcelona. Wriggwrirtfnd family, A. Macken_ie, 0, 20. -VALBANESA, 8pánish s.s. 3800 tons. Írom Coles. 29. ORION, Brazilian s.s.,. 549 tons, from Rio Grande do Sul. and family, Dr. H. Frost. 0. Alegre. familv, A. Dyòtt dlst, 29. TROPEIRO, Brazilian s. s., :>48 tons, from Porto S S Asturias from Buenos Aires on May 29. NASSOVIA. German s.s.. 2477 tons, from New York. Bv the -TUPY, Brazilian . 1132 tons, from Pará, Sir Edward and Lady Gro- 29. -Sul. J M t> Donovan. J. Stuart. 29. TAMAR. British s.s., 20G5 tons,' from Rio Grande do G. Mackintosh. 30.-ASTURIAS, British B.s., 7509 tons, from Buenos Aires. gan Dr- H. Sayers,

~~II 583 'June 6th, 1911. THK BRAZTÍiTAN REVTEW.~~

«n-AVON. British s.s.. G882 to_8, from Southampton. German s.s., 8246 tons. from Bremen. W-WURZBURG. Havre. .1 -FNGLÍSH MONARCH; British s.s., 8206 tons,, from Sl'-S_fAliTE French s.s-, 5.223 tons, from Buenos. Aires. Brazil-/\dri/vtic-line Hl'—SVTURNO. Brazilian s.s., 616 tons, from Buenos Aires. OF Brazilian s.s., 507 tons, from Montevideo. _1-J_J!MTER, Buenos Aires. Hungarian Sea Si'—HOLLANDIA. Dutch s.s., 4603 tons, from The Austro Americana S. S. Co. and the Royal Navig. Go. «Adria» Ltd.

Sautos and Rio de Janeiro for Almeria, Oran SAILINGS FROM THE PORT OF SANTOS. Regular sailings from Algiers, Malta, Trieste and Fiuni. and with trunshipmen t for ali Medi- terraueáu North Africau, Levant and East Asiatie ports. During the week ending June lst, 1911. IIKFüRTUIlKS May 2fl. -TKVINGTON. British s.s., 1739 tons, for Santa Lúcia. NEXT 26.- -WOODFIRLD, British s.s.. 2306 tons. for London. 26. -ANNA, Brazilian s.s., 247 ton*. for Florianópolis. 20. -SANTOS, Brazilian tu. ., 87 lons, for Rio de .Janeiro. FOR EUROPE : 26. -MURUMBY, Brazilian s.s.. 284 tons. for Antonina. 26. -SÍRIO, Brazilian s.s.. 554 tons. for Buenos Aires. JOKA1 2XstJune. 27. -CAMOFNS. British BVBl, 2040 tons, for New York. •COLUMBIA5thJuly 27. -SANTA ANNA German s.s.. 2309 tons. for Rio Grande do Sul. ATLANTA12th 27. —8PANISH PRINOF. British s.s., 4213 tons. for New Orleans. York. ERNYl'lb 27. -OPPURG. German s.s.. 2140 tons. for New SOFIA —CEYLAN. Fronch s.s., 5216 tons. for Buenos Aires. HO ÜENBERÜ2(5.h» 27. —ITAIPAV \. Brazilian s.s.. 613 tons, for Porto Alegre. SZENT ÍSTVAN..27th» 27. —P .UL1STA, Brazilian s.s., 668 tons, for Rio de Janeiro. for Buenos Aires. 28. —P. Dl UDTNE Ittalian s.s., 4967 tons, FOR RIVER PLATE : 28. -R UMBERTO," Italian s.s., 1811 tons. for Buenos Aires. —IT s.s.. 633 tons, for Rio de Janeiro. 28. VPERUNA. Brazilian June 28. —ITAPUCA, BraziPan s.s., S69 tons, for Porto Alegre, •COLUMBIAI3th br;—FORMOZA, Fronch s.s., 2812 tons, for Buenos Aires. •ATLANTA M" Jun« 29.—ORION, Brazilian s.s., 540 tons, for Rio de Janeiro. SOFIA IIOHENÜERG«^ « 29.—VALBANESA, Spanish s.s.. 3300 tons. for Buenos Aires. —FRANCESCA. s.s.. 3183 tons. for Trieste. 29. Austrian • telography aud 29.—JAGÜARIBE. Bra/.il'an s.s.. 1002 tons, for Manáos. These steamers are titted with wireless 30 — .VON British s.s., 6882 tons, for Buenos Aires. carry Cabin _£ Steerage Passengers for Las Palmas, Almeria, Naples and .Southampton. 30 —ASTURIAS. British s.s.. 7509 tons, for Trieste. 30.—TROPEIRO. Brazilian s.s.. 548 tons. for Pernambuco. 31. -CAP VERDE German s.s.. 3789 tons, for Hatnburg. H. Campos Rua Visconde de Inhaúma, 81 567 tons, for Rio de Janeiro. For cargo apply to 31.—JÚPITER, Brazilian s.s., to 31. —SATURNO. Brazilian s.s., 515 tons, for Kio de Janeiro. for passages and further information -HOLLANDIA, Dutch s.s., 4608 tons, for Amsterdam. 31. Koiubauer «St Oo.

- Janeiro RUA VISCONDE DE INHAÚMA No. 84 Kio de AT THE PO T OF RIO DE JANEIRO — SHIPS AFLOAT RUA 11 DE JUNHO No. 1 A Santo_ On Juno 3rd 1911 Schoonor. Capt. John Hugheáj from Oardifl, order. ALTA1R, British, order, Arr. LOCKEE, Russian, barque, Capt. G. Eriokson, from Pensacola, da Costa ALfVed, Urúguyan, barque, Capt. M. Managas, from MáraélUei, Corroa Library Joaquim British KOSMOS, Norwegian. barquo, Capt. Johannson, from Gulf Port, Domingos da8ilva_ Co. Arr. April 28th.. Dias No. 20 from Mobilo, orücr, .\n. Rua Gonçalves WHINLATTER, Norwegian, barque, C»p. Jonsen, and 12 to 6. m. except Paulo Passos A Co. Open 8.30 a. m. to 10 a. m. p. ENÍ>KlON,1 Russian, barquo, Capt. P. Domer, from Gulí Port. _ . ,, .„„ on Sundays and Holidays. Arr. April 30lh.. , _„,. nois A (.o. Arr. SPIQA, Norwegian, barque, Capt. G. Lund, from London, Wilson Domingos CAnVeRBURY, Norwofíian, barque, Capt. Diderson, from Antwerp, Joaquim da Si'va __ Co. Arr. May 3rd. - Faculty Pensacoia, \. u. da Cunha. Prof. of the QUEKN OF SCOTS, Norwegian, barque, Capt. Damos from Dr. Raul Leitão Co. Arr. May 3rd....... do Fontes A _ uo. ,\ir. hours 2.30 p. m.,Jo mal MINCIO, Italian, barquo, Shiáppacasa, from Gulf Port, A. (.. fronte. Medicine. Consulting- A Co. 7 and 9. TRIFOLIUM, German, barquo, Capt. Olsen, from Hamburg, Horm. Sloltz Commercio, 2nd iloor, rooms Order, Arr. CANADA', italian schooner, Capt. A. Giovani, from Gulfport, Horm Stollz & Co. most important hotel SEEsSerN. German, barquo. Capt. Houth, from Hamburg, Hotel Avenida.—The largest and Arr. May 17th.. M „. harquo. Capt. Cederf, from Gulfj.or.1. order. Arr. May «. in Brazií, Avenida Central. TRITON, Russ au, Mata, .vir. PORTO, PARÁ, Portupu.se, barque. Capt. Sall&o, from Oporlo, B. Calllng, THOMASINA, Russian, schooner, Capt. Kriedewen, from New Calodonia, from Tal.ai, Order. Arr. J"»eJrd. ____=_III IN ARA] Ge. man, i.arque, Capt. Huioelhl. 1 ulian MACDIÀRUND, Italian, schooner, Capl. Slmitli, from Pensacola, Davidson, A Co. Arr. June 3r«i. MERRYWEATHERS' " « VALIANT HambRrg—SnílaineTifeanisclie—Damprscliifffalirts^esenscliafl PUMP. IN CONNECTJON WITH THE STEAM HAMBURQ--AMER1KA L1NIE TABLK OF DEPARTURES Express service to Europe • • June K. F. AUGUST, J7J CAP OKTEGAL27th June Express service to R. Plate CAP OBTEGAL14th June to Europe The "Valiant' is adapted for Intermediate service Work June every kind of Pumping CAP BOCA Ijjth INOL.DINO Houses BAHIA3?.ldTUn. Fire Protection. Water Supply to June Cattle. PERNAMBUCO 29th and Farms. Watering Irrigating Land. with The— nn<"iÍM cut and fast steamers are fitted Lightest and most powerful Pump and offer to first-class passengers on the Market. the latest improvements 'PAMPHLET . VX. tho highest comfort., *° M- WRITE FOR 829 For and further information npplj passages 63, Long Acre, London, fl.C. agents : MERRYWEATHERS, ":M THEODOR WILLE CO., 79 Avenida Central.

~~_n ____*?- June 6th, 19 584 THE BRAZILIÃN REVIEW.~~

Singapore via Triosteg» g/ft /«^ ^ COFFEE FREIGHT RATES Smyrna ** ...... _ h CURRENT 45/-&5°/0 Southauiptfcn (opt.) Mail4Ô/-& 5% 40/-& 5 .». • Do cargos 8-*>/* 5 % % 8INCB Jan. lòth. 1911 |K hN FORCE Stockholm•••46/-m JfulI.fl() £ ' iJ>a«foa •" • • . . i, A'io Suez via Trieste , ,. 69AQ , in nill.f Sulina **69 frcs. in full. frcs. frcs. in full. 50 frcs m full "via" full54- in full. Taraponne 50 \don TriesteV 54/-in »...'..66.50 fj. in full. 66.50 fs. u, Ml. fcs. íl full 76/5U fcs. fu 11 TreE,/ Agüilles 7:J.5U 5 40/-& 5 % fiull 71 fres. in full. Trioste 40/-& Ai vali 71,50 f. in 69 frcs. in full. 69 frcs. m full. 71.50 fs. m full TripoH frcs. in full. AlexandrcUa Sis ** 62 frcs. in full. 62 (>4 íhrcs. in full. G6 fres. in full. frcs. ín.fidl. Alexandria** vXieia 50 frcs. in full. 50 "via", in full. G3 frcs. in full. frcs, ,u full Algicrs Maiseilie 62 fres or'Mar»ill«.64 ta.ilt full. 64.60 in full. 50 fres. in full. I)o via Genoa Alicanto fres. Valparaiso 45/8« 5 % £0 fres. in full 56 fres. in full. (options) m full. Minoria .. 50 Varna ** 66.50 fs. m full. 66.50 fr. 45/-& o of 40/-& 5 % A ms ter dam /o in full. Venice via Trieste, Genoa ou. d?, fres in full 63 fres. 60 frcs in full. Ancona Marseilles 60 frcs in full " 5 /0 40/-& 5 % 8 frcs. in full Antwerp 1,000 kilo*4Õ/-& in full. Vigo 40/-& 5 % fres. m full 38 fres. 60/-in full. Barcelona 45 in full. Yokohama via Trieste60/-in full. •• frcs. in full 108 frcs. " 68/5 in full BasKorah 308 in full. Hamburg ....58/5 in full. 69 fres. 1/2 °/« Beyroutb r . ... in full. eiíoNew York60/-2 fres in full. 56 frcs. ª» oouthampton ton of 1,000 Bilbao 56 full. Algoa Bay Southühipton \ per "via' Trieste54/m full. 54/-in and ªHamburg.... f o/0 kiloa Bombay 35 frcs. & 10 % 60/-2 1/2 Bordeaux, 900 kilos36 fres. & 10 % Capetown ªAntwerpf 71.50 f. A 10 % ªBremen' "raiU** 5 1/2 ?/„ ^Vis"*45/-* o fc 40/-& % , » Liverpool 60/-2 of*: Bremen _ frcs in full. York 60/-2 1/2 °/0 Briridisi** ;:60 frcs- ,n pul1, 60 tua New bag. 60 » Southampton \ Buenos Aytes per » Hamburg.... f 1$300. Mossel Bay kilos 1$200 full. » Antwerpt» fres. & 10 $ 38 fres in Cadiz (Spanish line)35 full. » Bremen "via" Trieste60/-infull. 60/-in » Calcuttá 30 50 frcs. » Liverpool ... Canfcing iu full via New York ... §0 m full. 50 frcs. » Soutbampton Oarthagena £<»¦ 50 frcs. in full. &6.60 fs in fuíí. E88t » Hamburg.... Cavalla** #) 66.50 frcs. in Cesineh66-55 London » Antwerp 47/in full. 30/ 8/10 & 10 % » Bremen Christiania*'.".'.• » via Antwerp & » Liverpool.... Cienfuegos i> » 75 & 5 % via New York... Bremen 60/-in full. »ª Soutbamptonsoutiiampton \ Colo full. ªHamburg.... ( m;..::::»/*.*»"•61.50 fs. in fuU. 61.6 fres. in Durban> Õonsttantinople. 42/6 & 5% ªAntwerpf ¦*¦.V"*uii. f. & fuu. 1 >»Bremen' tlw 50/50 ªLiverpool» g^agen..'::::::::::::::: ^6 frcs. in full. °/0 fià 50 fe in full. tuaNew York 70/-2 1/2 tV'n'Xe.7.7.7.7. fuíí.60/-in full. Cur rache© 666Ófin _ ªSoutbampton 50 56 frcs. in full. Delagoa ZHamburg.... Dedeagacth my 40/-& 5 35/-& 5% J >,Antwerp Fiunio full. 71.50 in full. 71.50 in ) ªBremen Galátz fres. & 10 % .. 1.00a kilos •10 frcs. & 10 % 40 ªLiverpool. Genoa "via" fs. in full. 66.50 fres. in full Genoa.. 66 50 • Delagoa Bay & Beira the freights must be paid bere or in Ham Gibraltar *56 frcs. in full. 61 fres. m To »>"via'' Malaga.. n,i liurg via Liverpool tlie freights must be paid bere or in Liverpool 50 fr in full 5;? fres. m full Houlder Brothers (Jijon (i ** Iloyal Mail Steamers in e.ombiuation witb c f.30/-5 5% •*• anil Genoa or Trieste. . GoLhenburg 46/-in / Conference rates via Marseiles, " ABI-A 5 40 & 5 % . Hftmburg ' t: V Via Los Palmas, Havana full. 6o frcs in full. Malaga, Barcelona. .. 65 frcs. m Havana,"via" Antwerp Bre- men >íl—o % & 10 40 frcs. & 10 % Havre, 900 kilo» 15 frcs. % "via" lVieste. 60 m tull G0/-in full. it & Oo. ongkong in full. Fowler S©f@Ê£ frcs. in full 56 fres. Huelva 56 i "via" full. 60/-in full. EobG TriestegOMn full. 69 in full. FIRM OF ENGLISH Kustendje 69 froa. xn (THE OLDEST E8TABLISHED IviabonSl,% J\ Iiiverpool iV/; « o/° 40/ 5% IN 80UTH AMERICA.) cargo b. E 40/* O % & ACCOUNTANT8 London 15/-& 5 % Do mail s. V õ % J5/-J 5% 40/-& 5 % London opt. cargos.8 46/-& fu»• 60/-in full. Madra» g/"» 0/ 38 frcs. in full. Malaga /O Railway and General Auditors X^-síner bag. 40c. tbe Argentine, Uruguayau, Chilian, Braziliãn 66.60 fs. in full. 66.50 frcs. Odessa** fres. in full. and other Stutb American Republics; also legal npresentation of \\\. 02 frcs. in full. G2 Ornn Companies, Firms, or others. Pàlermp .. 56 fres. in full. 56 frcs. in full. G6. 50 f. in full G6.50 fr. in full Pairas HEAD OFFICE: Penang G0/-in full.60/-in full. . 61.60 fs. in full. 61.50 fs. in full. Piraeus* full. 64.00 free in fuU w£»w4X;d :::::::•¦«"/--!»"• 04 frcs. in m-^M Northern Insurance Building Rgg. via Trfcrt...... 111 Bartolome ülitre, Buenos Aires "l.... fW-*f5%in _«/_%?_> full. llòtterdauV 45/-A 5 407-0 &. 5 % San Sobastiun 56.60 b. in full. CO ires,m fn 11. Qmfannn ** 06.50 fs. in full. 66.50 fs. in fuU.fu iwünL 60.50 frs. in full GO frcs in full. A. B. C, A. 1. & Lieber's Codes, Ralonica ** 61.50 fs. m full. 6l.5Üfrc 1. Sevile^66.50 fs. in full. 66.50 fs. in full. Cable "QU1TTANCE Shanghai via Trieste 60/-in full.5 60/-in full. Address,

-*# 585- THE IBKAZTTjTAN REVIEW * June 6th, 1911. SOCIÉTÉ GÉNÉRALE & HOLT LINE í# IAMPORT Metiattiitei DI Transporta Maritimes à Vapeur de Yortl- P..«nt*r Mr«l- «•' K» Wmm Marseilles. DEPARTUKK8 OF STEAMERS ¦!¥¦¦ "•*« JOHNSON LINE FOR KUROPK ¦RAZI?. AMO «•w"",ork:"... „„«."..«•At TJune FORMOZA • 18th June 16th Regular monthly service between for VBBDI""3rd juiy Marseilles, Barcelona and Genoa TENNYSON•• ^ , Sçandinavia, f. gold. VABAEI•."•3rdAug. Brazil and the River Plate Through furos to Paris, lst. class723 BYRONf-7:' 16th ft 'or üo uo 2nà. clãs»550 VOLTAIRE , Next Departures Chris- u0 üo 3rd. class10 tiania, G oth enburo;, Stockholm Through foros Io Paris (roturn), lst.class..1.149 VERDI co do 2nd. class88 Malmo, and ali other Swedish do do 3rd. classao íor Sails on 16th, June 1151*200 Norwégian Ports: — Marsoillos, Gonoa, 3rd cluss BARBADOS and 1241800 BAHRAH1A ' TEINIDAD, Barcelona 8rd. class and NEW *ORK. June DOS SANTOS A Co. "" "bo" por"- KRON1' VICTORIA 8th Agoals-ANTUN-S ,._. ..* * ¦* ^«^""" Rio 11 Janciio^Avehida Cenlial 1-• S. Paulo.—29, Rua S. Bento. in July da 33. «•8t- - PRINCESSAN INGEBURG... Early Santos.- Praça Republica, rr.; st: ~ For further information apply to Bteamers. American Luiz Campes, Àgent -- 84 Visconde PRINCE LINE ar. «»- •*» w,r* Voltaire-.v...rland*V__l Inhaúma. Regular Sailings to the United 8tatea. Talagraph laaa Splandid passinger servlee DEPARTURES **« broker. for Irelght applj to ROYAL HOLlAND FOR NEW YORK 19tb Jm>o 61, RUA DE _. MEDIU) ASIATIC PRINCE LLOYD FOR NEW ORLEANS. *pplj fc° tb# *»* "»iher *ío"n»t,on Argentina ,or P....I- Regular Passenger Service betwoen * Co., Ud. Urueuuy, Brasil and Portugal, NORTON, MECAW and Holland. Ment.: BpainFrance, England ACENT8. DE MARCO. 11J, RUA PRIMEIRO of the new Twin-screw Janalro Balllngi PULLEN & CC Rio da Steamen ÜAVIDSON HOLLANDIA, FRISIA 145 OO., LTD. 145 RUA ÜÀ QUITANDA r. S. MAMPiHllia A Caixa No. 10, SANTOS. and ZEELAND1A The Royal Mail POR IUROPI R.M.S.P Steam Paoket Company. * tON, BAHIA and Am»'"ud zEELANB,#líf«IâMD|A Brazilian Governments isth Juiy -s-8- the mails. CO. FOR THE RIVER PLÀ-Ji STEAM NAVIGATION of Departure». THE PACIFIC and Buenos Alro.) Table (tanto. Montevideo 25tb June M. ZBELAHDIA - s.s. BOLLaHDIA PS.N.C. l7lu July Duto Steiunor Dostlnutioi PARIS AND LOMDOK O.RECT T.CK-TS TO information »PP»y to- Passages1 ».. and™d otheroiner primeiro For 29, Rua vr de Bahia Pernambuco S. Viucen and Co. juno 7 «Nilei Vigo, Chor :&£_&rv_r_ía_3 FLL1 MARTINELLI 19 Lisbon, Leixões, 1 4£ Março, bourg.Soutbampton. Class Passengers. to Vídeo, Buenos For Freight Apply ia «Aragon <.. Santos, Monto No. 84. Ayres. — Visconde de Inhaúma. Madeira, Fortnightly sailing»: B„r. CAMPOS, Uua «Avon».. • • Bahia, Perhamliuoo, u Lisbon, l.eixoes, Vigo, Cherbourg Southampton To Europe Buenos 26 cAroguaya» Santos, Monte Vídeo, LLOYD, Aires, 7th Juue B.hla, Pernambuco, S.Vinoent ORITA 28 «Aragon».. Leixões Vigo 22"õthJuly th BREMEN. Madoira, Lisbon, NOBDDBUTBOHBR Gliorbourg, Southampton. 0RAVIA MoHtovideo Buenos July 11 «Amazon». Santos, Marki. Ayres. OBONSA th» 125,000,000 Madeira 20 Capital .Araguaya» IBahia, Pernambuco, ORCOMA 12 Vigo, Cherbourg 2ndAug. Lisbon. Southampton. ORIANA NEXT DEPARTURE8. and Buo- 17 th» '24 .Asturias». Santos, Montovideo ORISSA nos Aires. 30th» S. Ylncent, Destination 26 L Amazon». Bahm Pornambuco ORTEGA Duto Steamer Lisbon, Leixões, Vigo, Cher- bourjí, and Southampton. Chile and Peru and Bue- To River Plate, c Aragon,..» Santos, Montevideo Auf nos Ayros.. Pernambuco. Madeira, . 7th Juue Bahia, Madeira, «Asturias».. Bahia, » «Wuorzbur^i Lisbon, v'iko Gherbourg, ORIANA.. 20 th » June 9 ^ ^.^ Rotterdam, Antwerp Bremen and Southampton. ORISSA ... and Santos, Montovideo, Buenos 5th July. i „,Bahia, Madeira Lisbon, 21 «A raguaya» ORTEGA.. 23 «Aachon.... Antwerp and Bremen and 18th » Lo(XÕeh Santos. Monto/ldoo, OROPESA. Sept 4|«Amazon».. Buenos Airos. 2nd Aug. ORITA.... 15th » ORAVIA.. *•§* » 30th -.- ORON8A. to the following Special attention 1» drawn A Cargo accepted. tickets, single «J«*"£ telegraphy Passengers Holders of Qtst-cla.. Wireless at any intermediate port. through to London routes.rrntetCab,n-Bteerage maJ" hreak their voyage Passenger tickets issued PaBaenger b, »ny o, th. ««»»,«« and Peru. Antwerp. £«„ MARITIMES Paris, New York Chile Rio-Rotterdam, Mark» 450 130*000 or MESSAGERIES Bremen NAVIGATION apply to Lisbon... Compauy'8 Steam"",„far«_iioi> For ali information Ki0_- Madoira, ano otn.r »niorma«o» £ 19-0-0 86*000 For freight, pa8sage.. Representative Leixões E. L. HARRISON 5°/° tax aPPlr" ond Ce.tral, No.. 68 and 66 information apply to Avenida For further RepreeenUttve, A 6., Alente. E "L. HARRISON, CENTRAL 53-55 HERM, STOLTZ Kio ** Ja»»*«> AVENIDA 66-74, àrenhU Cenkran. AVENIDA CENTRAL DE JANEIRO KIO m m 6th, 1911! REVIEW June * 5c%* THE BRAZILIAN IMPRENSA INOLEZA WOHKS & OFFICES 61-75, Rua Camerino, 61-75 — (ex-Rua Imperatriz) *

TAKE TRAMS TO PRAIA FORMOSA, SAÚDE OR PALMEIRAS, VIA 0AMERIR8 — POST OFFICE Box 472 — Telegraph. Address,"REVIEl" RIO CODE IN USB, A. B. 0. 5TH EDITION THE ONLY ENGLISH PRINTING WORKS IN BRAZIL Is the most up-to-date establistiinent in Rio de Janeiro: mounted with the best and most modern

~~PRINTING & RULING MACHINERY AND LINOTYPES~~

~~that enable jobs to be executed with accuracy and despatch A LAEGE STOCK OF BEST ENGLISH PAPEKS ALWAÍS 0» HA1 both Printing & Writing Purposes~~

Book Printing, Account Books, Loose Ledgers, Invoices, = - Bills of Lading, Tabular Work, Railway Tariffs, = Time Tables, and Statistical Work SEND FOR EST1MATES FOR ANY MATTER YOÜ MAY KEQUIRE: == THEY WILL BE FURNISHED FREE WITHIN 24 HOURS =

are now iu a to exeoute any kind of Printing, Ruling and M Having greatly enlnrged our premises and plant, we position llinding with despatch, that le far outweighed by the enormous difference Though the coat of printing here is somewhat higher than in Europe, - - MATTER - the fiuished article — whieh compare as follows : between lhe duties on PAPER the raw inulerlal and PRINTED ON PAPER duties, reduced to currency, rulo per kilo from Rs. 0$020 to Rs. 0$490 kilo. ON PRLNTEÜ MATTER duties, reduced to currency, for ONE COLOURED printing are Rs. fi$355 per kilo (at lõdexch'). On TWO GOIiOURED printing Rs. 9$86Ú per kilo. Taking even the inaximuin rate of duty for paper, i.e. 490 reis per kilo for ooloured paper, very seldom used, THE 4*865, or 993 cent, and for two coloured matter amouiits to DIFERENCE compared with one coloured printed matter is Rs. per Rh. 8$870 or 1,810 per cent I Duties on GOMMERCIAL BOOKS are the same as for printed matter. (includiug the covers) I.e. Rs. 5|355 per kilogram With exchange at 15d. A large ledger weighing lü kilos would, therefore, pay Rs. 53$550 iu duties alone: whilst if printed here would cost, according to tlie character of l\\v l.imling, from I l$000 upwards. A contraeClutely executed for an important English Company that previously used to import ali its statiohary, showed the lollowing results. — Cost of traporting 12,000 kilos oí printed matter..."• Rs.76.697$ Cost ofsame executed here Rs.16.434$ Baviug »a.60.263$ The Saving in this case amounted Lo 76 per cent ! Having a numbe&pf ISíigliih o/ar.ilives ou tlie staff we are able to undertake work in English on terms that no one else can •ipprnm h. and guarantee accuracy and prompt delivery.

~~«fimMtifem&m y#wm*^jmt!*>i*#*W*^^s*l,*lí' ««¦¦¦¦¦HMHHHai ¦g^^MMHBMa~~