! ¦? '
' ¦ **»*£. li,.. . *"^ *_ W metrr ^__- .__/ ^^^BMB*^^ A WEEKLY JOURNAL OF TRADE FINANCE AND ECONOMICS
YOL. 11 RIO DE JANEIRO, WEDNESDAY, July 7th, l92(f- « v?A£ N. 27 X S* /-~v ¦\ / ). ? -—"S /¦
\v .,/ /" ri /.•' / A f^ W/AM R.M.S.P.& P.S.N.C. »>V/./7.' / ¦ REGULAR SERVICES OF
"* MAIL AND PASSENGER STEAMERS 4Vrrí*'
H /> from BRAZIL MM È*íífX..4 s$sim ////**/* to ^ SPAIN, PORTUGAL, FRANCE AND THE UNITED KINGDOM 'mm (Via St. Vincent C. V. and Madeira) ; II »\Á -xm i CARGO SERVICES 0 ' ,-:XitW' ( to UNITED KINGDOM AND CONTINENTAL PORTS
ALSO MAIL, PASSENGER AND CARGO SERYICES '••v to RIVER PLATE
1PPSH,Sll m
" ¦,, ^^**' . *T' / __Ff i r í *¦ *** Vm-* f íi*J| - vi* *J ^^ _^___l ___& Sf^ j^t ^CíÇhv^ _^^' "vv '* ___K^ ^3t% _¦
For further particulars, sailing dates, &c, apply to THE ROYAL MAIL STEAM PACKET CO. THE PACIFIC STEAM NAVIGATION CO. Tr^SYLofisL 53-55 Avenida Rio Branco, 53-55 & pr_2u_w-- •WvTYWti SAO PAULO, Rua da Quitanda 18 (corner of Rua âíf São Bento). SANTOS, Rua 15 de Novembro 190- * ___f>Nr.^
—-^t- tr_w_ __. ~''r""5^^-**___' -ww-^-V-.. -- . .„.*i ,.. Wliamiii -• æ ¦*¦¦ . ¦¦_¦__ *_- __ ¦»¦<»^*--**-q6t¦»^'vh-•».»._Wfr"v-_ *¦-. -¦•_.._..¦ i__ L ' July 7th, 1920. II WILEMAN S BRAZILIAN REVIEW
I The Great Western of Brazil Railway Compajiy, Ltd. I Direct communication between: On Sundays, Tuesdays, Thursday» and Saturday». RECIFE (Cinco Pontas) and Maceió and Jaraguà retui^ing on Sundays, Mondays, Wednesday», RECIFE and Barão do Rio Branco (Central and Fridays. RECIFE (Brum) and Parahyba and Cabedelio COMMUNICATION BETWEEN and vice-versa, on Sundays, Tuesdays and Thursday» RECIFE (Brum) and Natal sleeping at Itídependencia. PARAHYBA and Natal The Great Western Railway system, with 1,621 klms. of lines at present in traffic, serves the following- States: Área sq. klms Population 700,000 ALAGOAS 58,491 1,300,000 Note.—The PERNAMBUCO 128,395 figures relating to inhabi- 500,000 tanfc8 20 cent aaay PARAHYBA 74,731 refer to tho year 1906 ; per 480 000 safely be added to arrive at approximate RIO GRANDE DO NORTE 57,485 figures for 1917.
Total 819,102 2,980,000 Development of the system and its traffic since 1905. Klms. in traffic Passengers Goods, toa* 708,935 1905 1,276 1,813,444 1910 æ 1,475 2,214,503 907,135 1915 1,621 1,975,586 1,066,260 1916 1,621 742,390 1,192-394 1917 1,621 3,289,562 1,366,660 1918 1,621 3,720,075 1,470,916 conditions and steady of thi» lon* The steady progress of the zone served by the Great Western The favourable progress and American investors «nown by the above figures cannot fail to undergo further con- should attract the attention of European Great Western Railway. iiderable impulse when the construction of the Ports Jaragua co the zone served by the Although tropical, the zone is exceptionally healthy and, in- (Alagoas), Cabedelio (Parahyba), Natal {Ü\o Grande do Norte). several health resorts, ííke Caruaru, Garanhun», and Recife (Pernambuco) is complete. deed, count» whilst Floresta dos Leões, etc, to which residents of other and lew The pias» and estimate of the first have been completed, habitually resort. fehe construction of the Ports of Cabedelio and Natal is being healthy distriets of the zone are sugar in the lowland and carried cut under the administration of the Federal Government. The staple produets hinterland. It is expected that construction will be accelerated on the eonclu- cotton \ji the The soil is extremely rich and gives a splendid return-^even «ion of the present crisis. cultivation of Indian com, beans mandioca, The construction of the Port of Recife on a scale and in without manures—for into one of the most up-to- carnaúba wax, maniçoba, cocoa, coffee, etc. fcechaical conditions that will convert it Rail- an área amply Almost the entire region served by the Great Western date ports of the Continent, is well advanced; for is considered amongst the best in the world for tropical sufficient for actual traffic has been completed and opened way 4"pn TT 1 fruits. f* cocoanuts, mangoes, pinhas, bananal The position of the Port of Recife is exceptionally The quality of pineapples, geographical for in the north-east of Brazil, is famous, and advantageous, as it is practically the obligatory port of call and goiabas, etc, grown for Soutli and export certain, in the near future, to take very ali ships from both Europe and North America destined tlieir produetion from either America and vice-versa, as well as for ships bound large proportions. . . Atlantic, factories already exist, though this industry ooast ©f North or Central America for the Southern Important canning and its resources practically untouched. whatsoever therr destination. i8 yet in its infancy situation Recife is the port for Owing to its adrantageous regarding the zone served by the Great Western tropical zone of north-easter» Information most of the produce of the rich application to any of the Company ¦ considerably to the Railway may be obtained on Brazil, a fact which cannot fail to contributo likewise. office» as below:— progresn of the neighbouring zones
RECIFE-Rua Barão do Triumpho n. 328-Pernambuco. 2* andar. RIO DE JANEIRO—Avenida Rio Branco n.117, E.C. LONDON—River Plate House, Finsbury Cireus, July 7th, 1920. WILEMANS BRAZILIAN REVIEW III LONDON AND BRAZILIAN BANK, LIMITED. ESTABLISHED 1862 Capital, 150,000 shares of each ^ £-20 £-3,000,000 \ ^L Capital paid-up £1,500,000 ^3 ² ^» Reserve Fund £1,500,000 ^J » - HEAD OFFICE 7, TOKENHOUSE YARD, LONDON, E.C. BRANCH OFFICE IN RIO DE JANEIRO 19, RUA DA ALFÂNDEGA PARIS BRANCH 5, RUE SCRIBE, PARIS Draws on Head Offices and following branches: Lisbon,Oporto, Manáos, Para,Maranhão, Ceara, Pernambuoo, Bahia, Santos, 8. Paulo, Curityba, Rio Grande do Sul, Porto Alegre, Pelotas, Montevideo, Buenos Aires, Rosário de Santa Fé, Paris and New York (Agonoy). Also on the following Bankers:—Messrs. Glyn Mills, Currie and Co., London; Société Générale, Paris and Branches; Credito Italiano, Italy; Hongkong and Shanghai Ganking Corporation, índia, China _t_.u Japan ; Credit Lyonnais and Anglo-Soutfe American Bank, Ltd., Spaiw; Branches of the Banco de Portugal, Portugal. CORRESPONDENTS. •The Bank has Agents or Correspondents in ali the principal ports and cities of Brazil, Uruguay, Argentina, United States A Europe.
THE BRITISH BANK OF SOUTH AMERICA, LTD. HEAD OFFICE : 4 MOORGATE STREET, LONDON, E.C. Capital £2,000,0.00 Idem Paid Up £1,000,000 Reserve Fund £1,000,000 Office in Rio de Rua Primeiro de Março 46 and 47 Janeiro Rua Buenos Aires 1, 3, 5 and 7 Branches at:—MANCHESTER, SAO PAULO, BAHIA, POSTO ALEGRE, RIO GRANDE DO SUL, BUENOS AIRES, MONTEVIDEO and ROSÁRIO. Correspondents in Aracaju, Bagé, Bello-Horizonte, Ceará, Curityba, Corumbá, Florianópolis, Joinville, Laguna, Maceió, Maranhão, Manáos, Natal, Pará, Parahyba do Norte, Parnahyba, Pelotas, Rio Grande, Santa Maria, Santos and Victoria. Draws on its Head Office in London; The London Joint City & Midland Bank, Ld., London; Barclay's Bank, Ld., and ali principal towns in the United Kingdom; Messrs. Heine & Cie., Paris; Messrs. Cox et Co., (France) Ltd., Paris, and ali the principal towns in France; Banca Belinzaghi, Milan; Banca Italiana di Sconto, Genoa, and ali the principal towns in Italy; Messrs. E. Sainx e Hijos and Messrs. Garcia Calamarte & Co., Madrid, and ali the principal towns in Spain. Also draws on The Bank of New York, N.B.A., New York; on South África, on the principal towns in índia and Japan; on Austrália and New Zealand. Opens Current Accounts and Savings Bank Accounts. Receives Deposit at Notice or for Fixed Periods. ISSUES LETTERS OF CREDIT; ALSO CIRCULAR LETTERS OF CREDIT AVAILABLE IN ALL PARTS OF THE WORLD TRANSACTS EVERY DESCRIPTION OF BANKING BUSINESS
THE LEOPOLDINA RAILWAY COMPANY, LIMITED. Central Office, RUA DA GLORIA, 36 - Telephoné: 2404 Central r Cable Address : LATESCENCE f ===== ______io cie- JF_a_t__._s__.i~o = ? Direct communic .tion between Rio de Janeiro and Victoria, Espirito Santo, State ot Minas, eto. 1,823 milti of Hns. _. • r TERMINAL STATIONS: NICTHEROY AND PRAIA FORMOSA. ? FOR THE INTERIOR:— ? TRAINS LEAVE ? NICTHEROY. PRAIA FORMOSA:— ? 8.30 Express—Campos, Miracema, Itapemirim, Porciuncula and (Summer) From lst November to 30th April. ? branch lines, daily. 8.00 Express—Petropolis, Entre Rios, Ubá Ponte Nora, Parto 7.00 Express—Friburgo, Cantagallo, Macuco and Portella, daily Ncvo, Cataguazes, Santa Luzia and branch lines, daily. ? 8.30 Express—Petropolis, daily. 7.45 Mixed—Macahé, Tuesdays, Thursdays and Saturdays. 10.25 Express—Petropolis, Sundays and Holidays only. 12.OO Express—Petropolis, daily, excep: SnncT. ãiicl: Holiday. 9.40 Mixed—Friburgo and Cantagallo, Mondays, Wednesdays and ys 16.20 Express—Petropolis, dàily. Fridays. 17.50 Express—Petropolis, daily. lfi.35 Passeio—Friburgo, Saturdays and when announced. 20.00 Express—Petropolis, daily. 16.15 Mixed—IRio Bonito, daily. Wednesday to Capivary. 21.00. Night Express—Campos, Itapemirim and Victoria, Mondays and Fridays, sleepers and restaurant cars. Electric illumina.ioa and ventilation. Single fare, 48$900; Upper Berth, U)$OO0; Lower Berth, 15$00O. Return fare, 74$400. Lunch and dinner served during journey. EXCURSIONS SPECIALLY RECOMMENDED. Petropolis—2,700 feet above soa levei, magnificent climate, Friburgo—2,800 feet above sea levei. 3 hours, 25 minutos beautiful views during trip ; 1 hour, 40 minutes, lst class return, passeio train. Fare, 10$800 lst class return (Saturday a 4$800. Stone ballast; no dust. 6 trains per day. Monday. DELIVERY AT RESIDENCE.—A regular service of deli very at residence in Rio de Janeiro, Nictheroy, Friburgo, Campe», by which may be despatched direct from any address in one of the afcovo and Petropolis is maintained by the Company, parcels "Guia mentioned cities to any of the others with the minimum of trouble and at moderate rates. For further information vide Geral e Horários" , issued by the Company twice a year or apply to any Agency or station in Rio or in the interior. _$.;.* li;. .1
July 7th, 1920. IV WILEMAN'(S &RAZILIAN REVIEW LAMPORT ã HOLT LINE Mail and Passenger Service Betweeh NEW YORK, BRAZIL AND RIVER PLATE
VÀÜBAN" 10,660 tons Oilburners building «iVÈàTRIS" 10,490 tons tons _feS__.W.|S"í' iiyiJICP^BrJiiiHlll_KE-/^r!_I__í»^_Z______í ¦' : iím í 35 "VASARI" 10,100 No.l 14,000 11' 1 jfljlP11 íl i_-W*KiIWÍ_iÍÉÉ 1 í'i 'r í' i tons "¦" No.2 14,000 tons S-_MiilÉI BU I also .;>rfe'^ jj^ãp? -_^^_^n^g-_i B-l "BYRON"&' Cabins de Luxe and Staterooms with one, two or three beds itnd bath-room. Ti" AU steamers fitted with WirélesÉ Telegraphy, Laundry, Gymfoasium etc. __*_• FOR FURTHER PAÃTICULARS, APPLY TO Tke Agents. NORTON. MiÇGAW tS Co. Ltá.. Praça Mauá Telephone No. 47 RIO JDE JANEIRO P. O. BOX 34 Santos -F. S. HAMPSHIRE & Co. Ltd.,P. O. B. lO.-São Paulo-F. S. HAMPSHÍRE & Co. Ltd.,P. O. B. 32 F. STEfENSON fe Co., Ltd. _Y Bahia DEN NORSKE SYP-AMERIK LINJE U (The Norwegian South America Line) REGULAR SEÉVICE BETW1$EN NORWAY ftORWAY BR AZIL \#ll\ RIVER PLATE FOR EUROPE : - FOR RIVER f LATE :— 'b.s. s.s. RIO DE LA PLATA—BEGINNING AUGUST. RIO DE LA PLATA—ABOUT JULY llth. s.s. RJ O DE JANEIRO—AUGUST. s.s. RIO DE JANETRO—END JULY. For further particülars apply to : — Av. Rio Branca. 16, 1o Andar, Rio de Janeiro. FREDRIK ENGELH^RT - Ageilt, - RUa 15 de Novembro 172, Santos. mm REPERIAKTIEBOLAGET NOR DSTJERNAN FLEET: 26 STEAM AND MOTOR SHIPS; TOTAL TONNAGE,.120,000. IN CONSTRU CTION: 53,800 TONS. Regular Servi-a between:—Sweden, Norway-Brazil- Sweden, Norway-River Plate. Sweden, Norway-Chile and Peru. Sweden, Norway-North Pacific, and vice-versa. For River Plate: m.s. Suécia, .beginning August; m.s. BalBcçv, For.N^;way. Sweden and HelsHigfors: m.s. Lima, 2nd half July beginning August; m.s. Buenos Aires/ middle August; .; $P/>..,. &.s. Annie Johnson, beginning of August; s.s. Oscar Fredrik, end of August. m.s. Suécia, begjuning of September. For further particülars apply to the Agent: — - LUIZ CAMPOS ,,, RUA VISCONDE INHAÚMA. M, RIO DE JANEIRO. JÈ T- '' - ¦y'r æ *,-•'¦' liitettratt'8 §tólian lllrtei ; '* A WEEKLY JOURNAL OP TRADE, FINANCE AND ECONOMICS. VOL 11 RIO DE JANEIRO, WEDNESDAY, July 7tfi;, 1920f S£ \z\ Mo. 27 ___^ ______ ,.. _____-___-. .____.___-___ f^* _J -'' - ¦-M_H_HM_B-_l-_^__^__^__H__M-M-H-M-B-V-^-M-_i-_K-^-H-^-M-_^_^_^_H-n_^_n-a_H-^- The Rio de Janeiro Flour Mills & Granaries, Limited Telegrams: General Telephone: 1450 Norte Post Office Box "Epidermis" Sales Department 165 » No. 486 F^lovn- iviills: RUA DA GAMBOA No. 1 DAILY PRODUCTION 15.000 BAGS. Cotton IVlill — Rua da Gamoôa, No. 2 450 L00MS. DAILY PRODUCTION 27.000 METRES. 48. MOORGATE ST, — E. ' HEAD OFFICE LONDON O [,. BRANCHES Buenos Ali^ees Rosário calle 25 de mayo 195 (3er piso) 660 CALLE SARMIENTO SÃO PAULO: Rua Boa Vista, 13. flGEf.GIBS Victoria, Bahia, Pernambuco, Ceará, Curityba, Florianópolis, Pio Grande, Pelotas & Porto Alegre. The IV-till^ ni-_vHUL!5_i of flovir" are: ACIONAIS» "ttJbOJVlOI-lANA" ,,_N "BUDA-NACIONAL ' "BRAZ1LEIRA', "GÜARAJNY" AND FOR SUPERIORITY HAVE BEEN AWARDED Gold Medal Paris 1889. First Prize Brazil 1908 First Prize Brazil St. Louis 1904. First Prize Brussels 1910 First Prize Turin-1911. OFFICES —RUA DA QUITANDA, 108-^ RIO DE JANEIRO. BRAZILIAN WAERANT COMPANY, LIMITED. HEAD OFFICE: Brazil House, 2 Oreat St. Helens, London, E. C. Authorized Capital £ 2,000,000 Capital Paid up 1,500,000 Reserve Fund -.-. 250,000 Bra-che. at! SANTOS, RIO DE JANEIfiO and SÃO PAULO As«ncie9 at: CAMPINAS, JAHÜ' and SÃO CARLOS 00 PINHAL. Conductsa general consignment and commission business. Makes a speciality of advanees against Coffee, Sugar, Cereais & general merchandise. Custom-House Clearing Agents ————————-—————-—.^^———m-—-.^—-——m*—-mm^^mmiÊÊÊmÊmmmmm^^m^^ma^m^immÊmÊ^^m^mÊmm—ÊÊ^m^^aÊaMmi^^mm^^—m——ÊÊmmÊ ^^ •¦ _a_^_te_M_i 916 WILEMAN'S BRAZILIAN REVIEW July 7th, lí.20. LLOYD BRASILEIRO i i Brazilian Steamship Line Regular service oí màil steamers Frequent service of cargo boats between Brazil, United States, to and from ali principal Europe, River Plate and SUPERIOR PASSENGER ACCOMMODATION — WIRELESS TELEGRAPHY. AI LINGS For the United States For Europe For the Riw Plate RUY BARBOSA—wiil sai! on lOth July for Paranaguá, Antonina, s. Francisco, Itajahy, Florianópolis, Rio Grande & Montevideo i For North of Brazil y PARA—will sai! on 9th july for Victoria, Bahia, Maceió, Pernambuco, Cabedello, Natal, Ceara, Maranhão, Para, Santarém, Óbidos, itacoatiara and Manaos. ACRE—will sail on I3th July íor Bahia, Maceió, Pernambuco, Ceara anií Para ARRIVALS 'N '^.4)>w-!f3 From United States *IHE FOR FURTHER PARTICLARS APPLY TO OFFICES OF THE COMPANY. Cargo per passenger steamers wiil be receiveá only up to two days bsfcre sailing. ÍVw rurther particulars refer to advert.8«ruents in Daily Paper», or apply to the Head Offices:— LLOYD BRASILEIRO, PRAÇA SERVULO DOURADO (BETWEEN OUVIDOR & ROSÁRIO) RIO DE JANEIRO Cable Address:—"LLOYD" Codes used:— Directoria—Rio A.B.C. 5th Ed., Standard, Union, Scott's, Wateinf "BRASILOYD" Agencia.— Ribeiro, and Private P j&g ______¦fiO-i - jgjjggi i July 7th, 1920. WILEMAN'S BRAZILIAN REVIEW 917 MAIL FIXTURES PROPOSED BRITISH SOCIETY. A meeting will be held on 9th July, at 8.45 "Jornal p.m., at the Salão Nobre, do Commercio" Building, Avenida Rio Branco, at FOR EUROPE. which the Organising Committee will present their proposal for wr," the contstitution CASSEL, of the Society 4 Chargeurs Reuuis, for Dunkorque, earlv July. í It is specially requested ALMANZORA, Royal Mail, lOth July. that every Member of the British ! Community will do their bsst to be PSSA. MAFALDA, Italia-Amèrica, Genoa, 19th July. present at this Meeting. BELLE ISLE, Chargeurs Reunis, mid July for Bordeaux. J. A. Hardman, ANDES, Royal Mail, 22nd July. Hon. See. Organising Committee. AVON, Royal Mail, lst August. HOLLANDIA, Royal Holland Lloyd. Amsterdam 4 th August. HIGHLAND PRIDE, Royal Mail, 5th August. NOTES HIGHLAND LADDIE, Royal Mail Fth August. Ü DARRO, Royal Mail, 17th August, DECREES. DESEADO, Royal Mail, 26th August. HIGHLAND GLEN, Royal Mail, 28th August. The Late Mr: J, p. Wileman An Appreoiation. The íaèt ARLANZA, Royal Mail, 29th August. Engli.ih mai] brought us several letter.-, of sympathy from friends in England. Space does not permit us to pubish them ali, but FOR THE UNITED STATES. we take from them that of Sir William Hagg&rd. lately His Ma,iesty's Minister aceredited to Brazi], as voicing their sentiments HUBERT, Nelson Line, N. York, llth June. generally and tender our sincere tlianks for. same: "It TOMASO DI SAVOIA, Lloyd Sabaudo, lõth July. i> with sincere sorrow and regret that I have seen the notice of TENNYSON, Lamport and Holt, 20th July. the death of Mr. J. P. Wileman. for so many years the active, "Brazilian JUSTIN, Booth Line, New York. end Julv. able and successful Editor of tho Review." MARTHA WASHINGTON, Munson Line, 30th July. That death is a great loss, not only to the British community in HURON. Munson Line, 18th August. Brazil, but also to the vast British interests in that country. and VAUBAN, Lamport and Holt, 24th August. to Brazil itself, for, while lie did not fail eourageously to expose VESTRIS, Lamport and Holt, early Sept. abuses and to utter warnings—on the other hand, he was emiu- CALLÁO, Munson Line, 5th Sept. ently fair and just, and lost no opportumty of calling attention to the magnifieent resources of the country and to the great ad- vantage to FOR RIVER PLATE AND PACIFIC. Great Britain and to the rest'of the world of close association with it. "I had the advantage MARTHA WASHINGTON Munson Line, 12th July. of knowing Mr. Wileman cluring the whole time I had the honour HIGHLAND PRIDE, Royal Mail, 13th July. of representing Great Britain in Brazil, and never found him fail TOMASO DI SAVOIA, Lloyd Sabaudo, 13th July. in any way. There was no one in Brazil whose was AA^ON, Royal Mail, 15th July. judgmeut sounder— no one, I really believe. whose experience was so no one who was more in HOLLANDIA, Royal Holland Lloyd, 21st July. great—and kind placing ,it at the disposition of HM. Legation, or HURON, Munson Line, 30th July. of any one individual or body who was anxious to serve Anglo-Brazilian "v-<-- GELRIA, Royal Holland Lloyd, 3rd August. • ia- terests. When. the war carne he was uiitiring in his efforts ou behalí of tho various schemes for the beneíit of the British SOUTH ÁFRICA AND THE EAST soklier and sailor, and many a poor half-starved prisoner will have blessed the muraficènce of tho generous subscribers to Lady Burghclero'^ CANADA MARU, Osaka S. Kâisha, Ja-pan via Panamá llth July splendid fund, which he noMy supported and the handsome results KAWACHI MARU, Nippon Yuson Kaisha, 2nd half September. of which he published week by week foi years at the head of tóch issue. As regards "Brazilian tho Review" itself, I well romeníber -¦ í>'" the German Charge d'Áffaires once lamenting to me that there was no good German newspaper in Brazil, but ádding that 'after ali. that did not „- WILEMAN'8 BRAZILIAN REVIEW. matter so much, iu view of the éxistence of bhe JBrazilian Review', which was full of reliable information and admiral)ly managed—in Editor—H. F. Wileman. fact the best European paper in South America'—a yerdict with which, I take 7, ali its readers will agree. "It OFFICES: 61 RUA CAMERINO. is very sad that so abi», so useful, so intelligent and so Caixa oo Correio (P.O. Box) 809, Rio de Janeiro. generous mincled a man and so capable a newspaper editor moiiíd have from the gono scene of his activitios H< lia- left a ,s.y:íp which ir will be difficult $& TELLEPHONE: NORTE 1966. to fill." Te!. Address—"REVIEW," RSojaneiro. British Capitai in South America, it would appear from statisties recently published that foreign capital invested iu Brazil Brazil, 100$000 per annum. has of lito como to an almost complete stoppago nor, indeed. lias Abroad, £5 annum. ; per there been anything substanthd in the way of new mvestments Separate copies 2$000, supplied to subscribers only. made in that Republic since 1917. Whereas in 1903 new foreign o;ipita] invested in Brazil had amoii^ :1 to £28,000.000, AGENTS:- " in 1910 7o £32,000,000, in 1911 to £37,000,000 and in 1913 to £40,000.000, the Rio de Janeiro— first year of the war saw the amount fali to £6,000.000. while in Crashley & Co., Rua do Ouvidor, 38. 1915 nothing whatever was invested, and in 1916 but a bare São F&ulo— £1,130,000. For the 11 trom years 1908 to 1918, inclusive, 'a foreign Hildebrand & So., Rua 15 de No vem br» capital invested in Brazil amounted to £191,255,708, or vearly Santos— average of £17,386,883. At the clear evidence of cessation in tho Laercio Azevedo, Rua Luiz Gama 248, Caixa Postal 313. flow of foreign capital into their country, Braziiians are not un- London— naturally taking alarm, and special efforts are being made te at- G. Street A Co., Ltd., 30 Cornhlll, E.C. tract new capital by the offer of better economic privileges and A. iáá* ~i~rGágg%zz^f--^-^m^Ê^~^~z.:'"''~-Zm^- ^m——— -;--.-_ m. j.-v.:;x — ¦¦^^m^wÁ "'TSHh'--" — m- —¦—-—___—~-ií=r~~-*z%." M^^mMMma—^z^_^z\^^m -wm. .^mt m^:M-i ''tjmm^mm^^^'y,z-'-.? Kerr Steamship Co. Inc. Booth & Company Inc. (New Orleans Line.) Kerr Steamship Navigation Corporation New York & Cuba Mail Steamship Ce. Hudsons's Bay Company Kerr Chartering Company (Ward Line) Bay Steamship Company Wilhelmsen Line Chadwick, Weir & Co., Limited LONDON RIO DE JANEIRO SANTOS S. PAULO 2 Great St. Helen's Av. Rio Branco 65/67. Rua Frei Gaspar 24. Rua S. Bento. 45 I HIME& Co. M A F_K A^WADK 52, Rua TkeoJ>kilo Ottont, 52 TELEPHONE 398. Depósitos: RUA DA JAUDE 76, e THEOPHILO OTTONI 47 Importadores de Ferro, Ferragens, Tintas, Óleos, e artigo* DUNLOP KNOWLEDGE concernentes. Fabricantes de canos de chumbo, de pontas de Paris, The manufacturing Knowledge at the bacH of ferraduras, ferros de engommar, fogões, fogareiros, the panellas, balanças, louças de ferro, estanhado e esmaltado, DUNLOP SOLID RUBBKR TYRE, >s chapas para born of first hand experience. The facilities for securing fogões, moendas, pesos de ferro e de latão, caixas d'agua, eto. the finest materiais, tr>e faculty of blendirjg them, ÚNICOS AGENTES DO "MINERVA." and the sk/ill in building are DUNLOP SECRETS, COALHO the full strength of which is appreciated by users Depositários da acreditada enxada "PARASOL." better service and mileage. jq greater RIO DE JANEIRO FOR THESE REASONS FIT DUNLOP 24-9-8 W SOLID TYRES __way^ffiffig_5Ei>g--ra_^^ THE DUNLOP PNEUMATIC TYRE RIO CAPE CO. (S. A.) LTD LINE. LTD. Direct Cargo Service from Rio de Janeiro and Santos to AVENIDA RIO BRANCO, 243-245 South and East Afrzcan Ports. THE JAPANESE STEAMER TELEPHONE: 775 CENTRAL TELEGRAMS: DUNLOP-RIO KAWAOHI MARU RIO DE JANEIRO will receive coffee in the second half of September for t Cape Town, Mossel Bay, Alagoa Bay, East London and Durban. For Cargo, apply to:— REMEMBER ! CUMMINC YOUNG, The only MANUFACTURERS of Loose Leaf Ledgers in Brasil Agent for the Rio Cape Line, Ltd., 44 RUA CANDELÁRIA 44 are the Imprensa Inglesa, Camerino 61, Rio de Janeiro. RIO DE JANEIRO. Caixa do Correio 809. Telephone: Norte 1966. ,. ._ j_ tC. ______! É __Mh ¦______. W ¦ ¦ _¦______;*~^"^^^ ^^^^^_H____.'-" **>-A'*\ l*Wfc '^______i ^______—I ___Jw ~i—fc——Ti'm'l__i REVIEW 919 July 7th, 1920. WILEMAN'S BRAZILIAN TO BUSINESS MEN: connections. You realize how your commercial progress is influenced by your banking with a banking in- Your international commercial interests can be fostered only by close connection stitution of recognized financial strength and world-wide reputation; and which, from an ad- On account of its experience in international commerce and its wide influence resulting by highly developed modern trade vanced system of cooperation among its branches, is able to render the service required to con We can satisfy any legitimate commercial financial requirement, and respectfully request you sult us at you first necessity for modern international banking facilities. 4°/0 interest paid on private current accounts. THE ROYAL BANK OF CANADA AV. RIO BRANCO 66-74 Rio de Janeiro marred by somewhat extravagant municipal expen- more liberal concessions for industrial development, while the it not been an almost rather Presidenfs latest more opti.mistic message will help. Unquestion- diture, woulcl have made perfect góvemment—or could he. ably, foreign capital may still find there amplo field for profitable as perfect as modern governments that during his short terra of office the investment; and with ali necessary legai and financial guarantees It cannot be said the direetion of affairs was mismanaged and it certainly was free there seems no reason why part of the accumulated wealth óf United Kingdom should not find a favourable opening in Brazil from scandal. tact Avas further in evidence by his among other eountries. We have up till now, ranked as the prin- Dr. Delfim Moreira's Ribeiro as Minister of Finance, who proved cipal foreign investor in that country; with the French and the choice of Dr. João in that to have the courage to Belgdans occupying the second and third place respectively. With to be the first Minister portfolio '*_. of the country in its true colours. ali their efforts to establish banking connections in Brazil, the paint the financial state nation the at the loss of tTnited States have done little- or nothing in the way of direct We share with the Brazilian grief investment, nor are they likely to find very much encouragement one of her most eminent sons. R.I.P. so long as. prohibition remains in force, preventing foreign banks ostablishing branches in tho United States of North America.— "Tho "Daily Financial Times." British Subjeots Abroad. The» Telegraph" (London) in a leading article appeals to Lord Curzon to urge strongly on United States have already done something in the way of [The the attention of the Government the valuable report, published -•*_ h\vostment and can be counted on to continue their direct as a White Paper, of the Foreign Office Committee on British in a field, in their opinion, suited for "Daily aetivity particularly Communities Abroad. The Committee, says the Tele- American capital. American interests aro alive to the great means graph," was appointed by Lord Curzon to consider what future that lies before this country and are bent on taking a could be taken to foster a greater spirit of solidarity among such much share in capital investment in Brazil. But the larger communities, and also to make British ideais more genera.lly should be twofold, and a of the Leopoldina wafning perusal known and appreciated by foreign peoples—a task iu which, column, might well reflect ou Report, published in another obviously, the organised efforts of British subjects abroad Avould in the flow oi' capital the reasons for the complete cessation a leading tone of play part. --.. into this country. We might açld that the jubilant There cannot be a shadow of doubt with regard to the last result-! a certain Stock Exchange journal on the hiagnificéht statement, but it would be well for the Government to consider of òf the Leopoldina Railway last year. giving the impression the feelings of British subjects abroad, who have spent the best to the company's claims have prosperity, will not help push just part of their lives away from the Motherland and who to a succéssful issue.] ehildren bom abroad, in this respect. The question under the circumstances, takes quite a different aspect. and the means to The Death of Dr- Delfim Moreira, Vice-President of the be taken to foster the spirit of solidarity .vould be in sufficient in Republic, at the comparatively early age of 52 years, has removed itself to carry it to a succéssful end without further and con- a perspnality that, during the period be acted as President, proved siderable encouragement of a sentimental character. of the Republic. ehildren oL-.^riti.h himself one of the most able and active rulers The law that repudiates nationality of < President of the old residents A Mineiro by birth, Bteputy, Sonator and parents bom abroad will not exactly encourage . State of Manas, Deputy in the Federal Congress, Vice-President foreign lands to foster the spirit of solidarity, and unless a and Acting President of the Republic, Dr. Delfim Moreira da Costa broader view is taken, the work of the committee organised íor his Ribeiro lias fillecl many résponsible positions, especially in this purpose will be in vain. a nativé State, and now rests, honcmred by his countrymen, at British subjects bom abroad have, in many cases, played ot Santa Rita do Sapucahy, Minas Geraes. leading part in upholding the prestige, interests and culture exclusion from British nationality One of his first acts as Vice-President—or rather Acting the mother country, and their their own feelings, teud to eounteract the President—was to fix the date for the election of the vacaney would, apart from and activity of the British born subjects. created by the death of the President-elect. The tact and fore- spirit of patriotism It is a matter of sentiment that should receive careful atten- sight with which this was consunimatecl and rival factions broiight tion of Lord Curzon.'_ Committee, not so much in consideration to the same point of view was a model of diplomacy Brazilians of subjects born abroad, but of the feelings of British bom parents may well be proud of. Dr. who. in a great number of ca«es, resent the exclusion. On assuming the Vice-Presidency on 15 November, 1918, he made Delfim Moreira had no programme and neither had . .S. Paulo's Prosperity. Rich in soil, rich in men, S. Paulo's national but his tactful and stuclies of any special problems, of Indcpendence, the honour, that, had prosperity has been since the remote-t days persevering nature carried him through with ¦:¦¦ ~vy. • ¦:,. y^^y^-ís&j&^mm BRAZILIAN REVIEW July 7th, 1920. 920 WILEMAN'S Banque Française & Italienne pour l'Amerique du Sud Q Head Office: PARIS, 12 Rue Halevy CAPITAL: Frs. 50.000.000 — RESERVE: Frs. 25.393.537,87 A.ogre, Santo,, Curityba and Pernambuco. BRANCHES IN BRA..L: S.o Paulo, Ri. de Janeiro, Porte *' "" d° R'° Mrd0' ACENC.E8 ,M BRAZ.L: Ribeiro. Pre,., S. Cario,, B.tucatü, ^¦W*$%*j£*. ~— jahú, Ponta Grossa, Araraquara, Caxias and Barretos. BRANCH IN BUENOS-AYRES: Cangado, esq. 25 de Mayo. Bank, Ltd., London. ^¦». S ¦» QH.^ AND ARCENT.NA PCR: The London üoin. Ci«y & Midland ² Banca Favonser, etc, Pans. Commerciale Italiana, Milan. Société Générale pour Federal Postal Anthorities Official Correspoadents of the French & Italian Treasuries and ef the Swiss FOREIGN BANKING IN ALL ITS BRANCHES w__ J BANCO ESCANDiNAVO-BRAZILEIRO Capital Fully Paid Up. . 5,000,000 Kroners Banks Bank founded in Brazil by a Syndieate of 32 Norwegian with a eapital and surplus of 659,100,000 Kroners offered for financial General Banking Business, with speeial facilities operations in the Seandinavian Countries "SHat,bank" Telephone:- 6451 Telegr. address:- Norte RUA DA ALFÂNDEGA, 32 »^—__B_-—_——E ¦¦-¦__l«_B_«-^ ^^^HBH^_M_^____B____M_H_B_»--ra_«_S_-"™«nH_B___H____-_«-a""" AMERICAN MERCANTIL^ BANK OF BRAZIL — Keciíe PERNAMBUCO Belém F^VRA' INC., NEW YORK. Casa Matr.z: MERCANTILE BANK OF THE AMÉRICAS, EÇUADOR, COLÔMBIA, B«Qn„li«_. FRANCE, ITALY, SPAIN, PERU, OraiielieS; CUBA, HONDURAS, VENEZUELA and NICARÁGUA oí Exchange and ali banking operations. M¥anceS against consignments, Loans, Discounts, Collections, Bills are of national throughout the world, and we We act as intermediaries for the distribution produets the most favourahle current market quotations. iu a to furuish our cliente with positiou limited accounts, interest on active current accounts, saving-s accounts, We give the most advantageous .V___it: deposits, etc. Co Ltd. Tancredo Porto & O Jessouroun Irmãos & CASA BRAZILEIRA. COFFEE AND CEREAL MERCHANTS. BANKERS. COMMISSION ACENTS. IMPORTERS Norte 3186. Caixa Postal (P.O- Box) 1751. Telephone: f/Yy on ali the principal olties of Europo, North Orafts drawn RUA SAO BENTO 16, RIO DE JANEIRO. and South Amerloa. BRANCH OFFICES: Exportara of Rubber, Nuts, Goooa and Hldoa. MANAOS, BRAZIL SAH7QS: Rua 15 de Novembro, 88. 22-19-8 P;—-'. Novembro, 26—1st floor. W«S PAULO¦ *» W a_aw \ ¦_iTga_-_i___-_Wii»iil¦de —| ™*B-__i-^-!ílai^:iiètlfc^ ¦ in -_*» ÊSf.l' 1 ¦ ser _T' mm ""i^i-MTj-'-j "lT,T"1—— -•[T-ii . - .in :u —¦¦«.ii i íin _g)gBB--B--gggttaB „ ¦, -tmt July 7th, 1920. WILEMANS iBRAZILIAN REVIEW. 921 [Stork. ¦¦¦¦¦¦¦¦¦"¦¦¦--¦-i¦_¦_¦_¦¦¦¦_¦-B_s^__i__H_i__a-B--^iaHBa_B-a__a_a> s!>OCI-DAOE AnONVMA IflGLEZft I MODERN ENGLISH DEPARTMENT 8T0RE With over 30 hig-hly organised departments handling finest imported artieies for ladies & ehildren'swear, silks, materiais, hafoerdashery, &e. Men's Outfitting' & Tailoring, & Complete House Furnishing' — Under Expert British : : : Supervision : : : LONDON- BISHOPSCATE-186 Mappin Stores PARIS-RUE ARGENTEUIL, 6 S. PAULO & SANTOS LETTERS, CAIXA 1391, S. PAULO. Tel. "ELITE.' backbone of BraziPs great.ncss. Without S. Paulo aud its coffee, The small per capita share of the States of Piauhy and Ceara this country would'sink to an inferior nation financially than most is due to their deplorable economic state in consequénce of afflic- of its neighbours. tions suffered in the shape of droughts, floods, disease, etc. The rapid progress the State has made since the Republic was Their population is, therefore, the poorest in the Union and they proclaimed in 1889 has placed it at the head of the other States are not in a position even to keep themselves without outside of the Union, and in revenue equal to the next two of highest financial aid. Piauhy, however, lacks a port of any importance, importance, Minas Geraes and Bahia (ex Federal District). and is therefore deprived of customs revenues. In 1.889, S. Paulo contributed 19.731:657$ to the Union in Minas Geraes, a hinterland state, loses ali the benefit of eus- .7 Federal taxes collected within the State, rising steadüy to Rs. tonis dues, so that its per capita share is naturally not in pro- 1 39.377:419$ in 1900, to 92.871:649$ in 1910, to 120.462:651$ in portion to other great sea bordering States. 1911, 151.896:745$ in 1912 and 155.062:939$ in 1913. In 1914, however, the effects of the war were severely felt, The Price and Scarcity of Newsprint. The life of newspapers, not only by the State of S. Paulo, but by the country at large. especially of dailies, great or small, is rapidly becoming more with the result that receipts fell off to Rs. 87.720:948$, but react- precarious as the commodity gets scarcer and prices steadily rise 3 ing on the advent of peace and in 1919 reached 128.209:206$ and to heaven knows where. To crown it ali, news comes through promises to boat ali records this year. tiiat Canada—the greatest producer of newsprint—has prohibited Its own resources are also great, as shown in the . following exports of paper, and with the United States in no position to revenues collected, inclusive of ordinary, extraordinary and special help, prospects look indeed black. revenues, for each State of the Union during the year 1918:— The price of paper has risen in a manner out of ali proportion to other artieies. In June last newsprint was iu New Estimated ycur 'with quoted Revenue Population Per York at $140 per ton o.i.f. Rio and exchange at 3$400 to Contos 1917 Capita the dollar, the paper was delivered here at Rs. 476$ per ton. S. Paulo 115,447 4,466,196 25$849 In December the price had gone up tu $220 per ton in the U.S. Minas Geraes 51,640 5,064,858 10$139 and finàííy to $450 during last month, with the dollar in the M Federal District 51,640 908,819 56$62l vieiriity of 4$280, which makes the paper delivered at xhe customs work out at 1 :926$ ton, as 476$ in 1919, Bahia 36,096 3,013,007 11 $980 per against an increase Rio Grande do Sul ...... 29,499 1,852.207 I5$926 of 1:450$ per ton or over 304 per cent in twelve months. Rio de Janeiro 21,086 1,446,193 14$580 How the daily papers, especially in this country, have made Pernambuco 21.086 1,827,072 11$54L ends meet under these circumstances is a mystery! The present Para 10,153 • 922,622 ll$0O4 situation should be a lesson to the local paper industry which Espirito Santo 10,027 434,512 23$076 might, if well digested, lead to great things. This country offers Paraná 8,618 66L251 13$033 every convenience foi the manufacture of paper, so far sadiy Amazonas 7,360 459^309 16$024 heglected, especially by the slow-going niills in existence. Ali is Santa Catharina ...... 7,225 526,404 13$725 that is required energy and capital A firm, Ceara 6.395 1.291.574 4$951 Scandinavian the Overseas Company of Brazil, is said Alagoas 5,909 946,617 6$242 to lie attempting a move in this direction, which deserves the both Government trade. Sergipe 5,714 462,757 12$34S support of and the 1 Rio Grande do Norte ... 5,678 473,659 11$987 Matto Grosso 5,565' 215,807 25$787 Bclshevism! The arrival af a Bolshevik ship at Buenos Aire< Parahyba 4,91.8 682,350 7$207 on 2nd inst. was a great festive occasion aud no less than 5,000 Maranhão 4,744 748,971 6$334 port labourers were present to welcome the "red flag ship Goyaz 2,925 487,646 5$998 Belluna." Piauhy 2,050 483,094 4$243 We wonder who are the real owners of this ship and whether the Powers licensed her to fly the recl flag? The Federal District collected a greater per capita revenue This is typical of the bolshevik character of labour the world than any three States put together, due chiefly to its position as over. Unrest and extreme demands of sections of its ranks is a distributing centre to an enormous hinterland, inclusive of Minas exemplified in a circular addressed to the BoHievists of Great Geraes, Rio de Janeiro, Espirito Santo, etc, and consequent Britain from the Executive Committee of the Third International larger share of customs revenue. Conference at Moscow, which outlines the tacties that should bs July 7th, 1920. WILBMAN'8 BRAZILIAN REVIEW 922 Companhia Mechanica e Importadora de São Paulo Wort: RaUway materiais; Locomotives; RatU; IMDnRTFRS DF- MaterialsM**g*>^ for every class of Construetion IMPORTERS OF. EUctrxe M.t«_l» Motor g£j, 0-U; C_M»t, A*Mt, W.*r K*_« Boats; Automoktles, etc. etc Macninery; Sanitary a»a Eartl>cnwarc Material; Naits; MAKFRC OF- fcggCoffee and Agriculturál MAKERS OF. Coco»ut Oil. ete. ^ ^ Cottonsee<1 OU; Castor 0il: and Contractors. iron and Bronze Castings. SAWMILLS Engineers cther from the Packing Houses at Barretes and Santos. I SOLE EXPORTERS OF: Chilled and Frozen Meats, and ali products, WORKS: GARAGE CERAMIC WAREHOUSES, FACTORIES AND — Telephone 10-15, Braslliense (braz.) Agua-Branca, Puas Monsenhor Andrade e Américo Bentleys, Liebers, Western Union and Ribeiro Codes Used. A. B. C. 5 th Ed., A. I. A Z, L l SÃO PAULO LONDON 36 JANEIRO SANTOS uc_n nccipc rua 15 de novembro, RIO DE 108-IW BROAD STREET HOUSE ncHU urrme cable address: «mechanica spaulo» RIO BRANCO, 25 RUA S. ANTÔNIO. BRANCHES: AVENIDA BOX 129 New Broad st. E. C. Box 51-Telephone 244 L P. O. BOX 1534 P. O. P. O. T}1E G1TY OF SfiflIOS l|VtPROV£|V[ENTS G01_PflP, .ijuited. Caixa -SANTOS Estado de Sâo F»£lu1o 4 by the Continnons Carbonization Also s(SOft GAS Department. Special Coke and Tar produced process. Pitch for waterproofi-a purposes, crude Benzol and Oils for the manufacture of Desmfectants. rates industrial water Department Distribntion on the constant snpply system Special cheap for suDDlies Ships supplied with water of guaranteed punty, at the rate of 150 tons per hour if required. magnitude for light and Cheap for long- ELECTRICITY Department. Installations of any power. power hour consumers. Motor repairs. .,,,.„ . , . „« © _- , * ti* am way Department. Seventy Kiíometres of rapid electric Service, during 22 hours. Season tickets with non-stop service at night. Special terms for large parties. Parcel delivery; Service to ali points. of Goods and Building Material at cheap rates. Goods from interior should be Electric transport"Companhia despatched CITY, Desvio Saboo". OFFICE:-SALISBURY TELEGRAPHIC ADDRESS:-"DI.ADE"-SANTOS HEAD HOUSE, LONDON WALL-LONDON THIRtlSIl LLOYD ISIffll Ci Ili. P. S. NICOLSON & CO. CAPITAL 10,000,000 KR0NER London, New York, Rio Janeiro, Head Office at Christiania — Agencies at London, S. Paulo & Santos Paris, New York. Buenos Ayres, Valparaiso and other important centres. Agents in ali parts of Brazil Importers & Exporters MARINE INSURANCE OF EVERY DESCRIPTION Shipping- Agents Very favourable terms Fire & Marine Insurance Agents. of policies and moderate premiums. Mining Agents PROMPT ATTENTION TO CLAIMS Mica - Monozite - Manganese IMMEDIATE CASH PAYMENT :: Crystals. Offices at Rua de ao Pedro 63—lst. floor. REPRESENTATIVES TELEPHONE NORTE 6334 —:— CAIXA POSTAL 1554 Chesapeake & Ohio Coal Co. RIO DE JANEIRO CONTRACTORS TO BRAZILIAN GOVERNMENT July 7th, 1920. WILEMAN'8 BRAZILIAN REVIEW >23 adopted "thc for revolutionary purposes. Thc chief point is Don.t wait until July or August to move fali goods. Don't carry djctatorship oi* nnd tlie creation òf a Soviet system.. proletariát" large stocks; don't carry non-essential, extravagaht good-.. Tlie system, must he shattered. parliamentary say Bolsheyjstsj Follow a close, conservative cours<', but have what goods you plan Labour leaders who advocate and changes reforms gradual are to use, safoly in your Avarehouse before transportatiou gets ary the most dangerous enemies of the working class, and against worse. them a most relentloss war must be ivaged. lhe bouríícoiso, As regards the immediate business outlook, the banks aro the state, its kings, presidents, parliameiits, eonstitutional assemblies, key to thc situation. Loans must be reduced during the next two etc, are our deadly enemies and must be crushed! or three months iu order to make way for fali req.uirements. We To accomplish these ends, tiie Executivo Committee rocom- hope that current sales of goods will result in a substantial cutting "strikes, mend.s its adherents to organise revolts, insurrections, down of bank loans. Of course. if there is not a suffieient turn- etc, and the most vital part oi' the struggle must be outs.de of over. and bank loans are not contracted, then clients must look Parliáment—on the streets. lt is clear that the most effectiye out for a. money pinch next f.dl. with a further shakeclown in weapons of the workers against Capitalism aro the strike, the the commodity and security markets. It is still too early to as- revolt, and armed insurreelion." certain what the outeome will he. The latest bank reports issued To right thinkiiig people, passiveness—or rather, fear of gov- up to this time are for May 21—foi tho Member Banks—and ernmems—is a thing that passes beyond their ken. We are fresh May 28 for the Federal Reserve Banks. Up to tho.se dates no out of the greatest war _n history against an inhuman and ferocious significant improvement is visible. Tho next month to six week^. enemy, to win which no sacrifice was too great, and yet the world will te 11 the story ! seems impotent to deal with rebel Bolslievisni—rebel in every sense Personally, we are more eneouraged regarding the outlook of the word and as such there should be no quarter given until since the recent break in retail prices has developed. If the bank the pestes crushed once and for ali. reports during the next two months .show substantial contraction This country fortunately. has been free from the militant and merchants continue a policy of cautious buying there seems; bolshevik, due chiefly to the firm action of tho police, but being to be more hope that we may go through the fali and winter in so near one of their strongholds—Argentina—it is difficult to say reasonably good shápe. As we stated before, a long downward T-3^e "caboclo" how we may tare in the futuro, but the Brazilian or movement in commodities is coming. Probably next year most half inclian race—valiant warriors—can be counted on to check things will be cheaper than they are now. Such a movement. how- any movement of disorder originating in the interior. ever, must extend further than the retailer to be really effective. lt must go back to the original producer and work down through Reported U.S. Tax on imports of Coffee. According t0 a each. succeèding process of produetion anci distribution. Foi' this statement from Washington, there is no tiuth in the report pub- s.mnmer and fali, we believe tbe greatest mistake will he in too lislied in a circular of a Now York coffee firm that Congress would nn.ch price sacrificing rather than in too little. vote a bill taxing imports of coffee three cents a pound. No bill, it is affirmed, has been introduced in Congress asking such a The Decline in Prices. The decline in prices of necessities tax on coffee. and luxuiies in the United States is not at ali a real decline. lx However, as there is no smoke without fire, the next session may be accepted as being only a decline in profits. When the of the American Congress will soon bring forth. the trutli and in real decline comes the public will be benefitted and not before. The much-heralded the event of a tax on coffee, Brazil can be depended on to cancel sales display reduetions are in many instánces the preferential tariff in favour of the U.S. It will be remembered fictitious.—"Int. Trade and Shipping Digest.'5 that this preference was grauted in consideraiion of exeniption of Brazilian coffees from import duties of any kind. Financial and Business Conditions in the United States. A general reduetion in the prices of commodities other than food- stuffs, spreading rapidly from one section of Price-Cutting Panic. (From Babson's Barometer Letter.) the country to another, has eneouraged VUiolesale prices, so far, have moved very little. There has been retail purchasers to believe that the somo weak.oii.__g long-expected deeided and reaction from the high tendency.- but the prevailing shortage of goods permancnt price tends to leveis of the last few has set in. That view sustai ii the general price levei. Tho price cutting mania years of the pheno-j nienon is not accepted in its now in progress tends to increase consumption and it decreases entirety by those who are familiar with the many and complicated produetion. Even with the marking down in. wholesale factors which have entered into prices tlie which has far gradual rise of prices, but present rescessions are nevertheless so oceurred, merchants find that they have to pay a fact, and consumers are making the most of it. as much or more—on the average—in replacing stocks than thoy Whether or not reduetions are to proceod with regularity, the originally paid for their present stocks. Of course, where clients prevailing tendency gives rise to a number of potent suggestions with respect to find they are carrying too many goods and wi.h to reduce their funda- mental economic conditions. Such reduetions as have stocks permanently, this is another matter. In .such cases they been made are in responso to the necessities of the moment, At some can resort only to price cutting os an inducenient. Tho point point we in the circle of changes the force want to emphas.ize is the folly of throwing of economie circuiiistances has staple goods overboard been applied with. the now, if doing so will make usual inevitable results. Prices are not. you havo to buy the same goods again being put down, they are being forced down. and therefore some. at a disadvantage between now and next fali. The long swing mterruption of the downward course may reasonably be expected movement of commodity prices will be downward. Probably next as pressure of eircums.tances may here and year prices will be lower than they there be removed. are now. At this time, how- When the ultimato ever, lowest levo] is reached, it will be found that retail merchants must be guided by what conditions aro many upward turns have taken place and have continue.! for going to be over the next six months rather than over the next periods of various lengths. It may be advisable, therefore, to year or two years. The freight. situation must be reckoned with. avoid a too optimistic view regarding the time Most merchants for the it wili take for present have stòpped buying. Goods prices to get back to normal. which should be moved now are being held up. and will add to A second conclusion to be drawn is the fali that the public will, if >uf- strain later on. In spite of ali the efforts to build more ficiently aroused, assert its coutrol ever prices. The cars and to eliminate inefficient operation a, nation-wicle present cònges- situation shows that a great body of our have tion of freight next fali seems inevitable. people been" bring- mg to bear their ability 1o economize. Our They have simply refused advice to retail clients is as follows: Make up mind to buy your anything they could possibly do without. and the'fact as to the mindmum stock of it will that- goods bc necessary for you to ene uf the chief reason... but by no means have next fali in order to hold tiie only one, that prices the most of your trade. Avòid have tumblec! is the extravagantly inability of merchants to clear their shelves expensive goods, but plan on substantial fali buying proves tlie wisdom of the advice that salvation lies m mocierate-priced and staple articles. in more savihcí Aim to fill this and greater demand as produetion. far as possible from present stocks. In buying new Another significant feature of the situation is tlie fact goods, be governed by deliveries rather than that prices. If railroàd the pubhe-sjniying power is very considera Ido. freight is used, such to Even the sli^liti- get goods rolling as soon as possible. recessiOn in swelis prices rapidly the amount 0f purchasin" and 1Ô20. 924 W1LEMAN'8 BRAZILIAN LIEVIEW. Ju^y 7tlí," \ The Booth Steamship Co., Ltd. JLIVERPOOL Regular and frequent service of high class steamers te and frmo New York, mid and south Brazil Ports. Funch, Edye & Co., Inc., Loading Apite in United States:- 8-10, Bridge St. New York. AGENTS IN BRAZIL! BAHIA Wilson, Sons & Co., Ltd. SÃO FRANCISCO ) R 0'N. Addison Arbuckle & Co. DO SUL i (S_ub-Agents) VICTORIA (Sub-Agents) FLORIANÓPOLIS ^^.^^ ) RIO DE JANEIRO Wilson, Sons & Co., Ltd. GRANDE 1 SANTOS Wilson, Sons & Co., Ltd. RIO Wilson, Sons & Co., Ltd. DO SUL J Empreza de Melhoramen- Sons & Co., Ltd. PARANAGUÁ 1 tos Urbanos de Para- PELOTAS Wilson, nagua. (Sub-Agents) PORTO ALEGRE Wilson, Sons & Co., LtJ. OSAKA SHOSEN KAISHA LIMITED—OSaKA MERCANTILE S.S.CO.LD. OSAKA, JAPAN. RECULAR SERVICE BETWEEN BRAZIL, ARGENTINA, SOUTH ÁFRICA, SINCAPORE, HONC KONC, CH IN A, JAPAN AND VLAOIVOSTOCK. EXGELLENT FIRST AND THIRD CLASS ACCOMMODATION Future Sailings from Rio do ,Ianeiro:— s.s. "CANADA MARU," END OF JUNE. "TACOMA MARU," END JULY. 'PANAMÁ MARU," END AUGUST. Botli for Havana, New Orleans, and Japan, via the Panamá Canal. WILSON, SONS & CO., LIMITED. Avenida F_io Oi-anco, No. 3#, RIO DE JANEIRO. !. PtiTJNCE LiUSTE Regular Service of Steamers between New York, Brazil and River Plate, and viee-versa. NEXT SAILINCS FOR NEW YORK EXPECTED FROM NEW YORK NEXT SAILINGS FOR NEW ORLEANS "MANCHURIAN. PRINCE", Wlh\l2th JULY "SERV/AN JULY PRINCE" 7th-9lh "CLENAFFRIC" !5thll7th JULY H. L. WRIGHT, GENERAL AGENT, SANTOS. — HARD, RAND & CO., AGENTS, VICTORIA. CAIXA No. 388 CONDE & CO., AGENTS, BAHIA. CAIXA No. 3845. Agents in Rio de Janeiro: DÀVIDSON, PÜLLEN & CO., no^IoiqT _ oi RÜA DA QUITANDA, 146 TeIeg" ^££Tllne'' July 1920, r7th, WILEMAN'8 BRAZILIÃN REVIEW 925 when the diseounts offered go up to 30 por cent, as they havo in many 4 months ended April 30. cases, tho buyers increase rapidly enough to insurè the Increase oi- Decrease merchant 19J p 1920 against tlie possibility of having to offer his wares áfc in L920 excessivo ly low fi Ê £ prices. 'the Imports /o Business Conditions. 485,062,144 697,167,383 With prevalence of retail price +211,505,239 42.6 cutting, British exports 2i;5,849,035 401.795,112 the serious traffic congestion on the railroads, and the ^-195,946,077 94.9 further Ke-exports 31,974.983 95,507,042 tightening of credit, business is hesitant, especially as + 63,532,059 198.8 regards Total exports 237,824,018 497.302,154 commitment.s. The cutting of prices has not spread to + 259,478,136 108.7 the wholesale markets as yet, but the éffécts are already obsêrv- able. "hill-steam-aheàd" Excess of Imports Thero is less of the feeling, despite the knowledge over total êxportç 247,838,126 199,865,229 - that replacement purchases must follow cut-príce «ales.. 47,972,897 19.4 Labour conditions are still líampering producers, especially the 4 month.s ended April farmers. who are caught be%een the 30. Increase oi1 Decrease problem of getting their 1913 1920 produets into and out of the soil and in 1920 the problem of getting them £ to market after the West. Food have tended £ % prices upwaid Imports 259,197,623 697,167,383 and the general is +437,969,760 169.0 prediction of a great scarcity by next winter. British exports 170,363,601. The Money Market.—Tho 401,795,112 +231,431^511 135.8 continuing stringency in the mar- Re-exports 41,141,522 ket for funds is rellected 95,507,042 + 54,365,520 132.1 in the high rates for commercial paper, Total exports 211,505,123 a Exports from the United Kingdom to Certain The Old, Old Story! We have so often drawn the attention South American of British traders to the uselessness of sending out their catalogues in "Statist" Countries. English, that the following from the should add weight to our contention: "We have been asked to call attention 1913 to the fact that a large number of British 191S traders, who presum- Imports Exports Imports Exporta ably desire to do business in Brazil, in persist sending out their £ £ catalogues dn English. In the case of the Federal Government, Argentina 42,485,391 23,437,343 62,967,315 17.735,403 the State Governments, the banks, and great corporations it does Brazil 10,008,367 13,021,097 8,849,431 8,960,161 not matter, because they ali have in their service people well ac- Chile 5,359,335 6,369,322 19,330,993 6,426,505 quainted with our language, our customs, and with our weights Peru 3,178,261 1,591,363 8,047,197 1,536,870 and measures. Surely the British trader, if he has so little know- 'does Uruguay 2,748,819 3,012,018 6,541,015 3.195.622 ledge of Brazil that he not know what is the language spoken in the country, can hardly expect to increase British Total S. America. 63,780,173 47,431,143 trade? The language of Brazil is Portugüese, and the measures 105,735.951 37,854,561 To ali Desftions. 768,734,739 634,820.326 1,316,150,903 commonly used are those of the decimal system, as ds the case with 532.364.07S the European continent. It is a wicked waste of paper at the Detailed exports from the time U. Kingdom to South America for present to send out catalogues printed in English to ordinary 1919 are unavailable. shopkeepers in Rio de Janeiro, dn Santos, and the other principal The is more than cities of the year half spent and as- yet we have received United States of Brazil." no annual statisties of the foreign trade of the U.K. for the year 1919 from the Board of Trade. FOREIGN TRADE OF THE UNITED KINGDOM. Month of April. Increase or Deci ease 1919 1920 in 1920 WILEMAN'8 BRAZILIÃN REVIEW. £ £ 7o Subscriptions can bo paid through: At Rio, Imports 112,065,823 167,154,309 55,088,486 49.0 Messrs. Crashley, Rua Ouvidor, 38. S. Paulo: Messrs. Hildebrand British exports 58,482,412 106,251,692 47,769,280 81.8 & Co.. Rua' 15 de * Novembro. Santos: Sr. Laercio Azevedo, Re-exports 13,346,458 20,407,419 + 7,060,961 53.0 Rua Luiz Gama, 24.8. London: Messrs. G. Street & Co., 30 Cornhill. Total exports 71,828,870 126,659,111 54,830,241 76.5 E.C. Complaints of non-delivery will Excess of Imports 0 be immediately attended to on communication with any of the above agents or to Imprensa pver total exports 40;236,953 40,495,198 + 258,245 0,6 Ingleza, Rua Camerino 61, Caixa do Correio 809. Rio de Janeiro. 926 WILEMAN'8 iBRAZILIaN REVIEW. July 7th, 1920. THE WESTERN TELEGRAPH COMPANY^ LIMITED. THE ONLY DIRECT ROUTE WITH SOUTH AMERICA UNDER ONE MANAGEMENT. Cable Stations In South America. WESTERN TELECRAPH COMPANY Cabia Stations In Europe and South amerioa: Pará (Travessa Oampos Salles 1). Marannâo (Avenida Maranhensa, 17). EASTERN TELECRAPH COMPANY Oeará (Rua Floriauo Peixoto, 4). LONDON: Eleotra House, B.O. Pernambuco (Praça Gen. Arthur Oscar). Liverpooli K 13, Exchange Uuiulin.t. Bahia (Rua Conselheiro Dantas, 1). Rio de Janeiro (Avenida Rio Branoo. 117). mmv%*JtkW\ 'EjKyf'~l\ Mancihesteri 44, Spring Ganiens Santos (Largo Senador Vergueiro) Birmínghami 128. Colmore How. Santa Catharüxa (P. 16 de Novembro, 10). Bradfordi 4, Commercial Street. R. Grande do Sul (R. Andrade Neves. II) Uruguayi Clasgows 5, Bojai Bauk Place. Montevidéo (Calle Oerrito, 449) Newoastle-on-Tynei K Exchange Buildings, RIVER PLATE TELECRAPH CO. Argentina: Quayside. Buenos Aires 333 Oalle S. Martin, 337. Cardiff: 33, Merchanfg Exchange, Bute Doeki. WEST COAST OF AMERICA Madrid s Calle de la Puebla, 14. TELECRAPH COMPANY Marseilles: Chllli Hotel des Postes. Malta: Station, Arioa, Pisagua Iquique, Antofogasta, La Se- Central St. Oeorgè's. rena, Coquimbo, Concepcion, Coronel, Talca- Rome: 28, Via Venti Settembre. huano. COMMERCIAL CABLE COMPANY Valparaiso (Calle Prat, 69 Antiguo. 211 Nnevo) Santiago (Oalle Huerfanos, 863). New York: Commercial Cable Building. Peru'i Boston: 112, State Street. Callao, Lima e Mollendo. Halifax, Nova Scotia: 201. Hollis Street. PLEA8E MARK YOUR TELEGRAMS From South Amerioa to ali Places: To South Amerioa: BRAZIL Tia Western. GREAT BRITAIN Via Eastern-Madeira URUGUAY••••• .«. Via Madeira. FRANCE—Paris, North England-Madeira ARGENTINA —South Via Rio de La Plata ,, ii Malta-Madeira GERMANY Emden-Vigo-Madeira PARAGUAY »» f> ii ii ii >i CHILI: BELGIUM », Eastern-Madeira HOLLAND Emden-Vigo-Madeira Punta Arenas i> ITALY »» Malta-Madeira Ali " . other places Eastern. SPAIN ii Eastern-Madeira 3 PERU' „ Cabo «West Coast» PORTUGAL • » St. Vincent BOLÍVIA NORTH and CENTRAL AMERICA ii ti >> II and WEST INDIES etc- Commercial AGENCIES: PARIS: 37, Rue Caumartin. — PORTO o__n «^^.«-^ ALECRE:w- Jartííne> Caixa Postal 272. ,^^°-°í?^^!^ LONDON, E.C. I ^THIIg5__:-_r g3TJ_?_?I_I_-{g_ If the Great Age and High-Class of the "WHITE quality HORSE» iBrand is to be maintained, there can be no """'ZXX ":,a"t't-VSOlfilt0 ti'Z notwdthstanding P«Wio, tho Government release of additional spirits from bond. Both 3ii )lthe interests of the and the reputation "WHITE public of the HORSE" Whisky, Messrs. Mackie & Co mUCh aS they regl'et disaPP°inti"g ^e to -hl; i i i 7 !?' public, maintain the high-class quality"*" and gage of ?hei. brand by continuing the present limited sales. ¦ • t would be short-sighted policy to supply the full demands now and have to iw»ç« give a younger whisky a rewfew years liencehence to tho cessation of distilling for two years during the war *.-..*,* 7 'LhV1"^» *? cleditA and the name of the tade. «>«* «Müért will refrain from refilling onr "WHITE HOKsf!"HOK^E bottles n01'Cauadian o»; American oS00d .with Spirits but sell these spirits on their own *he merits Wyal of the restrictions is a questionable move in the public interest, and it is to be hoped that the statistics for drünkénness will not show an inc-ease atilar™ __ «,_ Q i -íi •' • • ^ Goverameilt »ú] »e a weapon s to further attack our trade.. -" S —'—^ IMPRENSA INGLEZA ENGLISH PRINTERS Ali Kinds of Book and Job Printing and Binding. .The Only Manufaturers of Loose Leaf Ledgers in Brazil. O Rei dos Sabonetes Catalogues oo Application RUA CAMERINO, 61 Guifry-Rio. Caixa Postal (P. O. Box) 809 — Telephone Norte 1966 RIO DE JANEIRO ^^^mmmmm July 7th, 1920. WILBMAN'8 BRAZILIAN REVIEW 927 EXPORTS FROM THE UNITED KINGDOM TO BRAZIL AS SPECIFIED IN THE MONTHLY RETURNS OF THE BOARD OF TRADE. QUANTITIES. April Inc. 01* Dec — Total four months, January to April 1920 April on Mar. 1919 1920 Inc. or Dec. 1913 1920 Inc. or Dec. Cotton in 1920-1919 pioce, grey, unbleached, yds.. 93,000 + 22,000' 59,500 1920-1913 Ditto, white ble-ached, 291,700 + 232,200 832,900 541,200 yds 839500 + 121,100 1,652,300 3,604,900 Ditto, flags, + 1,952,600 9,772,300 -6,167,400 printed, h'd'ei_iefs, shawls __ 7,200 12,100 Ditto, 7,200 4,1.00 125,000 117,800 printed, other sorts, yds 301,900 46,400 1,105,700 Ditto, dyed, 1,542,400 + 436,700 3,757,300 -2,214,900 yds 1,076,500 575,600 4,783,900 5,641,000 + 857,100 -9,251,700 Ditto, coloured cotton 214 900 116,800 14,892,700 871,000 1,099,900 + 228,900. 4,134,600 -3,034,700 Cotton in piece, total yards 2,525,800 602,,900 8,484,500 Cotton, not 12,187,100 +3,702,600 33,514,800 -21,327,700 in piece, yards 102 400 + 35,400 621,000 Woollen 461,900 159,100 889,300 427,400 piece, yards 103,400 8,600 153,800 Worsted ditto, 421,000 + 267,200 909,500 488,500 yards 85,'sOO + 28,300 296,500 258,100 38,400 Jute yarn, lbs 688,800 271,100 13,000 431,600 873,200 4,148,600 Ditto, manufactures, +3,275,400 5.679,400 -1,530,800 yards 1700 1,400 11,600 Linen tàssues, 22,000 + 10,400 485,900 463,900 yards 143,300 24,000 303,200 Coal, tons 726,900 + 423,700 1.166,100 439,200 3^499 + 18,766 76,457 Wire, tons 114,484 + 38,027 730,608 616,124 73 + 36 27 313 Wire manufactures, tons + 286 519 206 32 10 107 194 Earthenware, tons + 87 296 102 519 264 1,463 Cement, 2,149 + 686 6,631 4,482 tons 3,102 4- 119 27,266 10,506 16,760 50,488 39,982 VALUE IN £ STERLING, F.O.B. UNITED KINGDOM. April Inc. — or Dec. Total four months, January to April . 1920 April on Mar. 1919 1920 Inc. or Dec. 1913 Inc. or Dec. 192C Cotton in 1920-1919 1920-1913 piece, grey, unbleached 6,510 610 7,015 Ditto, 21,062 + 14,047 15,399 5,663 white, blèached 61,247 + 11,576 101,435 + 214,240 + 112,805 153,374 60,866 Ditto, prdnted 794 + Ditto, .290 794 + 504 1,926 1,132 other sorts 24,263 5,999 76,338 Ditto, 111,956 + 35,618 57,339 + 54,617 dyed 102,345 46,130 318,047 Ditto, 480,818 + 162,771 259,788 221,030 coloured cotton 17,455 10,436 51,975 + 89,529 + 37,554 71,513 18,016 lotai, + cotton in piece 211,820 51,173 555,100 918,399 + 363,299 559,339 359,060 Cotton, not in piece 9,214 2,989 + + 28,485 34,438 + 5,953 17,718 16,720 Woollen, piece 56,469 694 + 79,930 198,774 + 118,844 124,771 74,003 W orsted ditto 22,497 1,798 + + 62,881 73,022 + 10,141 35,018 38,004 Jute yarn 42,026 39,519 + 48.969 259,634 + 210,665 110,366 149,268 Ditto, manufactures 115 197 + 1,264 1,429 + 165 9,858 Linen tissues 34,826 2.137 8,429 + 48,735 140,792 + 92,057 51,110 Coal 149,807 90,478 + 89,682 ¦¦'!'. + 178,191 511,971 + 333,780 641,420 Wire Í0: 3,830 + 2,197 129,449 1,705 14,858 + 13,153 8,485 6,373 Wire manufactures 4,038 689 + 9,355 20,543 + 11,188 8,200 12,343 Earthenware 35,058 6,324 + 78,411 119,509 + 41,098 98,089 21,420 Cement 15,788 1,097 + 170,845 52,587 118,258 80,643 28,056 SUMMARY OF VALUES IN £ STERLING. Increase or Decrease 1919 1920 1913 4 months, 1920- 4 months 1920- 4 inonths...•' 4 months 4 months 4 months, 1919 4 months, 1913 Cotton Piece Goods 555,100 918,399 559,339 + 363,299 359,060 Other Textiles 220.031 . + 447,026 228,617 + 226,995 + 218,409 Total Textiles .'. 775.131 1,365,425 787,956 + 590,294 + 577,469 Coal, wire, earthenware, cement 438,507 719,468 836,837 + 280,961 - 117,369 Jute 50,238' 261,063 120,224 + 210,830 + 140,839 Total specified 1,2637871"" 2,345,956 1,745,017 +1,082,085 + 600,939 928 WILEMAN'S BRAZILIAN REVIEW July 7th, 1920. PRODUCE & WARRANT COMPANY ( Société Anonyme JBelgg-e ) Agents forthe ROYAL BELGIAN LLOYD and Íj7U. 8. A. M0L1N08 HARINER08 Y ELEVADORES DE GRAN08 (Belgian Company) "MOLINOS ;;;.; Proprietors of the RIO DE LA PLATA", Buenos Aires Imports and E_*pot*ts COFFEE, CEREALS, WHEAT FLOUR, ADVANCES AGAINST MERCHANDISE, INSURANCE AND SHIPPING FLEET OF THE ROYAL BELGIAN LLOYD STEAMERS Tons. STEAMERS Tons. Dw. Dw. Produce & Warrant Algerier ... 5,100 -ivonier 4,200 Andalusier. 11,000 Lombardier 2,450 Anglier.... 5,620 L-ondonier...... 8,130 Arabier.... 6,650 Lt. Jean Laurent.. 10,000 Company Argentinier, 4,200 Macedonier 8,000 Armenier .. 1,400 Mazout I....'¦'.' 800 Asier 5,000 Menapier 8,130 Australier.. 8,130 Morinier 7,150 Belgier 8,120 Marconier. ., 4,000 Bolivier ... 8,400; Meissonier 4,000 HeadOilice: ANTWERP, Belgium Brabandier 6,000 Nervier 8,100 Brazilier... 8,100 Nipponier 3,200 Bretanier .. 6,800 Normandier .. 7,175 Burgondier. 8,100 Olympier ,, 8,400 Caledonier. 8,130 Patagonier... .. [. 8,130 Cambrier.. 3,200, Persier 'ym 8,130 Canadier .. 7,000, Peruvier 5,000 BRANGHES IN BRAZIL Catalonier. 2,000 Phoenicier [[ 3,200 Chilier .... 8,100 Picardier '-..' 3,220 Cimbrier .. 6,516Í Pionier '' 8,130 Rio de Janeiro: Avenida Rio Branco 45, Colombier. 3,244 Remier '' 5,250 47, 49, 2nd floor. Carabineir. 4,000, Rogier '' 5,120 Dalmatier.. 2,000 Roumanier ' 8,200 Santos : Rua Santo Antônio 25. Danier 11,000, Scaldier '" 6,050 Danubier.. 3,200 Scottier ,"' 6,125 São Paulo : Rua Alvares Penteado 35. Devonier .. 4,200 Serbier ':." 3,200 Eglantier. . 8,130 Sicilier '' 3,200 Bahia Rua S. João. EIvier 1,040 Spartier .-.."" 4,200 Elzasier.... 8,100 Suévier '" 8,400 Erinier 7,207 Syrier '' 2,000 Flandrier. . 6,580;Taxandrier '¦•'* 8,100 Frankier... 6,580 Tongrier ' 5,120 Gallicier... 3,200 Trevier "'*' 8,100 Gallier .... 8,130 Tunister 5,100 OTHER BRANCHES: Gasconier. 8,100 Tusilier *' 4,000 Grenadier . 4,000 Ubier •' 4,820 Hastier.-..., 3,000 Venetier '' 3,200 Buenos Ayres, New York New Orleans, Helvetier. . 2,450 Zeelandier "' 850 Ibérier 3,200 L . R B (|>as_eng cr, 9,000 Amsterdam, Genoa, Havre, London, Indier 8,130 L. R. B. ditto 9,000 Ionier 4,200 L. R. B. ait.o 9,000 Milan, Havana. Italier 3,500 L. R. B. ditto 9,000 Keltier 8,130 General Agents in Brazil and Argentina for the following two important Marine, Fire and Transit Insurance Companies Norske Atlas Insurance Company, Head Office: Kristiania, Norway A.IN_D Motor Union Insurance Gompany Limited, Head Office: London, England, Ge.encia: Norte 1837, Caixa-Norte 3f90. RIO DE Avenida Rio Branco, floor. telephones! Dep.o Farinha de .vigo. Norte 4250 JANEIRO: 45.47,49,2nd. Dcp.o Marítimo; Norte 655. Dep.o Seguros; Norte 1987, July 7th, 1930. (VILEMÀN'S BRAZILIAN REVIEW W: 929 ¦ April Movement. Of the. 17 staples specified in the monthly The returns of the quantity and value of unspecified exports are only avail- (Board òf Trade, seven—cotton, grey, unbleachetl able with and white bleached pubhcation of the quarterly statisties of the Board of an piece, cotton not in piece, worsted tissues, coal wire and l_l"°!,ably b€ f°Und that the development cement—show slight increase in as com- staples,t& whichV T in these with quantity include almost ali metais and pared the previous month, whilst that of coal was more machinery tools encouraging and amounted to 18,766 tons or 147.4 per cent. 85f. On the other CGnt Ín eXp°rts in as ^mpared hand, ten others—cotton flags, handker- MarchM.tf is fhighly J ?- ^ril with chieis, printed sátisfactory. shawls, and other sorts, dyed and other cottons, woollen piece goods, jute yarn and manufactures of same, linen tissues, manufactures of wire and earthenware—show falling off, of which the most serious in jute yarn, 431,6001 bs or 38.5 per cent as com- REPORTS AND MEETINCS pareci w.th March. The OF COMPANIES falling off in total cotton piece goods was likewisé seriou.—602,900 ' yards or 19.2 per cent. U8,ht and P0WW' A The improvement of ITT" .T"?' «"»*¦* dividend in exports of coal was the result of con- dedared °~~ tU °™^<™ at preference gestion American ports and to greater export facilities from ____*bares, payable__, B on rJuly f 1. to shareholders the U.K., of record on registers but judging from the un.sátisfactory state of British at close of business at June 14. coal markets during the last two months, strikes and embargoes, ittle or no coal will leave the U.K. for this N.ppm Yusen Kaisha. country and a shrin- At the general meeting of the Nippon kage m May and June exports is to be looked for. Toki» «. May 28, a d .ideal of 40 It is somewhat wasIf61. declared ^&JWj* for per en disappointing to note the failure of staples the six months ended March 31. hke manufactures Mr F Mi. u of wire and earthenware after their reaction "f ^ L°ndon offi"s m March. _l_orSent'manager -l-íeà a In cotton textiles the disappointing result was due chiefJy to the inabil-ty of manufacturers to satisfy orders and to renewed ^""^ °f the A«« activity in tlie local industry Oo _a" deeW, '-/^ S"'^ Coffee after a period of setbacks caused VUleild °n the 7 Per cent by strikes and lockouts. ieiencefe_^Í shares pV Participating pre- of o per cent, less tax at 6s, on There account of 1919. was very little change in the f.o.b. cost of cotton seemg piece goods that the shrinkage in quantity was almost identical "' ". "^ with that in value-19.2 deolaVed <**" ^ ""» per cent and 19.3 per cent respecitvely. r dX d o"T'"Per cent shares of \v r_T f™*^ participating preferen.e Four Months' Movement. Compareci with the first four months of last year, quantities show falling off in only four out oi the 1/ specified staples, viz: printed flags, handkerchiefs and Y0K?hfiíf Specie Bank" shawls, The directors report for the haif- cotton not in piece, worsted tissues and cement v_„ The following 13, however, show increase: cotton piece, fo"™rd./"'eunt to unbieached, ditto, grey, 158,708,332 yen, from *hich white unbieached, printed, other sorts, dyèd 3_ 625.?. S dedUCt July 7th, 1920. 930 WILBMAN'S BRAZILIAN REVIEW The GOUROCK ROPEWORK EXPORT CO., LTD. HARDMAN & CO RUA PRIMEIRO DE MARÇO, 119 66, RUA DE SÃO PEDRO RIO DE JANEIRO G REENOCK, LANARK (fACTORIES AT PORT GLASGOW, Rio de Janeiro Established 1736 SOLE SPINNERS, WEAVERS, IJWPORTERS & EXPORTERS "BIRKMYRE^"MAKERS & PATENTEES OF DEALERS IN ALL NATIONAL PRODUCE & ROTPROOF. Orders accepted for ali classes of Merchandise Celebrated WATERPROOF from Europe, North-America, South-África, etc. COTTON & FLAX AGEHCmS ACCEPTED CANVAS agents & Correspondents in ali th,e principal for Tents of ali descriptions, Tarpaulins Cities in Brazil, and in London, Barcelona, Hatch Covers, Waggon Covers, Teneriffe, Cape Town, etc. Cart Covers. ÍSTEEI. WIRE ROPEB P.O. Box No. 182. Telephone Norte 399 ROPES TWINES,COTTON CORDS, "HARDMAN" NÉTB Telegrams AND TRAWh NETS ALL AI QUALITY v: HOPKINS, CAUSER & HOPKINS & William J. Causer v-- Partners: Daniel E. Causer, Charles Causer Street, BIRMINGHAM-.-48, St. Paul's Square; UIVERPOOU:-l7; Sweeting ENGLAND. f\0&LI(>4££ GENERAL MERCHANTS, IMPORTERS AND EXPORTERS OF um Implements, Dairy Machinerjf, Hardware, China, Drugs, Paints, Sanitary Ware, Agricultural and Poultry Requisites, etc, etc. EXPORTERS OF BRAZILIAN PRODUCE BRANCHES: BRAZILIAN ARKI RIO BE JANEIRO: Rua Municipal, 22 -:- STATE OF MINAS: S. João (TEl-Rey (E, F, 0. M.) ITRAOErnM i WHARTON, PEDROZA & Co WALTER&CO. INTATAL Estado do Rio Grande do Norte Brazil 143, Rua da Quitanda, 143 COTTON MERCHANTS RIO DE JANEIRO IMPORTERS & EXPORTERS 15 de Novembro, 3 Rua 7 de Setembro, 49, Sobr. Rua AGENTS:—New York & Cuba Mail SÃO PAULO PORT© ALEGRE Steamship Co. London WAR D LINE JACOB WALTER & CO Buildings. COTTON COMPRESS & WAREHOUSES Billiter Sq. NATAL ''WHARTON", COMMISSION & SHIPPING AGENTS, FIRE & MARINE Cables NATAL INSURANCE ACENTS, NATIONAL PRODUCE MERCHANTS, Codes : Ribeiro— A. B. HYDRAULIC & ENCINEERS. C. 5th Eeiberss' í.'v ELECTRICAL, GENERAL — Bentley's. July 7th, 1920. WILEMAN'8 BRAZILIAN REVIEW 931 Transfer to reserve for repáiring damage caused by floods £20,000, coitracts with the Federal Government, but also with the Gov- Transfer to Pension Fund £5,000 and Bill Stamps £420, leaving ernments of the States of Minas and Rio de Janeiro; and herein a net balance of £385,740. lies the complication and the difficulty and to some extent the Out of this balance of £385,740 the Board propose to pay a cause of delay. A Committee has been appointed, oomposed of balance dividend of 2% per cent (less income tax) on the 5)4 per representativos of the Federal Government, the States of Minas cent Preference Shares—making 5% per cent tor the year— and Rio, and a representative of the Leopoldina Railway. to en- amcunting to £78,246 17s, and a dividend of 2>_ per cent (less quire into the financial position of the Company and to propose income tax) on the Oordinary Stock, amounting to £171,767 5s, measures to remedy the situation ; and it is hoped that a favour- leaving a «ira of £135,726 13s 7d to be carried forward as against able decision will be arrived at without much further delay. It is £^16 501 14s lld last year. disappointing that up to the present we have not obtained The figures on page 6 of the report give, as usual, the re- authoriy to increase our rates: the «ubject is constantly in our ?eipts from passengers and goods, and shew an increase in the minds, and we shall not cease to press it on every possible "it number of passengers carried of 19.7 per cent, which, owing to occasion. Indeed, is in the interest of 'Brazil, especially to the favourable rate of exchange, produced an increase in sterling those using our railway, that we should be in a position to earn of 41.6 cent. a per reasonable return on our capital, ptherw.se it will not he possible Coffee is still the principal source of revemie; last year we to equip the railway as it ought to be equippod to meet the grow- carried 173,505 tons for a gross revenue of £585,952. Sugar is ing traffic and to keep pare with the development of trade and rapidly becoming an important traffic, the receipts amounting to industry in the States of Minas Geraes, Rio de Janeiro and £133,400. Unfortunately this traffic is accompanied by the neces- Espirito Santo. sity of carrying a very large tonnage of sugar cane at low pr.ces On the 4th August last there was a riot in the suburbs of to the sugar mills—nearly 500,000 tons were carried for a gross Rio, when some of the more turbulent part of the population set revenue of only £62,244. ight to, and burnt, 16 of our passenger coaches. the damage There was a very substantial increase in the receipts from being estimated at £30,000. We were told that the Government general goods, which were largely imported during the latter half recognised their responsibility, and it is hoped that the cost of of the year when exchange was exeeptionally high,, and there rebuilding these coaches—which work is now in hand will be 7-c- were comparatively small decreases in maize, beans, timber and funded to the company. It was stated at the time that the reason live stock. for this outbreak was the unpunctual running of some of our Tho expenditure has increased by nearly 20 per cent in Bra- suburban trains. The Government fiscal engineer in his report zilian currency, and, when converted (into sterling, the increase entirely denies this; and I was able, by an examination on the spot due to the higher average value of the milreis amounts to over of the train returns, to satisfy myself that the suburban trains 35 cent. The total increase is 4,400 is per contos of reis, and it were, and are, a model of punetuality. calculated that approximately 1.000 contos of this lis accounted for by the S-hour day and other additions and alterations in the You. will have read in the papers of a strike on the Leopoldina pay of the men from the lst May to the end of the year. Railway in March this year. Demands for increases of wages were There is a heavy increase in the cost of fuel of 1,200 contos made which would, if cedecl, have swalled up more than the whole •of our net of reis, partly due to the increased consumption and greater traffic, receipts. Our men had already been given an 8-hour day and partly because of the higher cost of both coal and firewood. and improved pay and conditions as far as lay in our power;" In this connection I may say that four of the new locomotives we therefore felt it our duty to accede to these further and un- about to be shipped are being fitted to burn oil. and it looks as if reasonable demands, with the result that, after a few days absence, the use of oil fuel will become more general on South American practically ali our men retuvned to work on precisely the same railways conditions in the near future. as formerly and without any undertaking on the part of the company. Our sympathies =; The total working expenses amounted to 72.82 per cent of are with our employec and, the having in mind the high receipts, as compared with 72.96 per cent án the previous year. prices ruling for food and the prime The average rate of exchange shews an increase of nearly 10 necessities of life, we contributed £10,000 to a Co-operative Society for the of foodstuffs nearly per cent, but the rise came when our traffic was greatest, and purchase two years ago, and, as L the rate ruling in October, November and December was consider- remarked last year when dealjng with this subject, the scheme has ably been of much assdstance to better than 14 l-4d, which is the average for the year. It our workmen anel their families. is now about 16>_d, and seems to be fairly steady at that figure. Under our contract with the Federal Government we have It is largely due to the higher rate of exchange that we are able the privilege of exemption of import duties on the materiais des- tined to to obtain better net results. The future prosperity of the company the services of construetion of the extensions and branch depends, to a large extent, on the rate of exchange. lines authorised by the Federal Government, as well as for the maintenance After seeing his Excellency the President of Brazil in Londòi?, of the lines in traffic. Siibsequent to this contract it has I visitèd Rio in August last and there conferred with hám and been ruled that this exemption from'duties does noi* apply his Ministers. I to certain artieies that can be obtained pointed out, what is coinraoii knowledge and pre- or made in Brazil. nnd we have been told yails on every railway, that the cost of working had risen enorm- that a large number of artieies which have been imported, and ously; that we had increased the wages of ali the employees and used, must now pay duties. The case is before the Courts, but we are advised that established an 8-hour day; that we had to pay three and even the Company has the perfect, right to insist that the four times as much for material such as coal, steel and áron, which Government continue to grant exemption from such duties as the Minister's were, and indeed are, still rising in price. I showed his Excellency predecessors authorised. tho exemption from which the Government the many increases that had been made in the rates on the rail- itself had granted t0 tho Company by means of legal ways in ali parts of the Avorld; I also drew hás attnetion to the perfectiy acts founded upon a contract. increasing traffic, the development which was taking place in the I would now like to districts direct your attention to the map behind served by the Leopoldina Railway, and the high prices me, where you will see that the Leopoldina system is which the growers of coffee, sugar, etc, were obtaining for their partly cut off from the City of Rio de Janeiro by the Bay produce. I out the necessity of of Rio: and ai- pointed provi ding more engines, though there is rail communication rolling stock, sidings and warehouse over the rack railway to Petro- accommodation, and the im- where the polis, gradient is as high as 19% per cent.it is possibility of adequately equipping the Leopoldina Railway unless quite unsuitable for goods traffic, which has now to be ferried aeross we were placed in a to earn a reasonable return on the position the Bay from Nictheroy to capital invested. Rio in barges—a costly and lengr*. performance involving delay to the goods and to our rolling stock. Both the President and subsequently his Ministers listened We have obtained a concession from the Government to link up with the utmost courtesy to ali I had to say. The President our system with Rio by means of a short line of some 25 miles frankly admitted that he was convinced of the of our case running justice round the Bay and shown in red dotted lines on the map. and the necessity of increasing our rates. I urged the revision By means of this connecting line the necessity for ferrving our of our contracts—for it must be understood that we have not only wagons aeross the Bay will be .avoided, we shall get bette^ use 'lUflVlÈW Jir.y 7 th, 1920, 932 \Vll.-_MAN'è ÜL-AZlí-íAN L. Guéret, Ltd., Cardiff COAL SHIPPERS AND COALING CONTRACTORS, STEAMSHIPACENTS,^TWOODJMPORTERS Oelebrated -NAVAL MERTHYR" SMOKELEbb SoleS° Sellincr A-erits of the COAL D STEAM COAL and GWAUN-CAE-GURWBN ANTHRACITB STEAM COAL CO., _,______« Joint SelHng Agents with Mr. John Andrews for : The ALBION "ANCHOR" of tne PATENT FUEL Manufacturers Bar_ellon_, Milan Telegrams uéret. Cardi_r 1906, 1888 First Prize Landon Do. "Tereug. Pari., 1889 Gold..old MedalsMedal Te._f.koneTelefone 3280 3280 CardittCardiff Talbot, N.wport and Glasgow^J Branch Offices at London, Newcascle-on-Tyne, Swansea, Port Guêrefs Anglo-Brazilian Coaling Co., Ltd. Cambpian Buildings, Capdiff HEAD OFFICE: -'Nahg-allác." m", ii ca ii Unes).1i«nc^ Telegrams: *=» Telephone: 3156 (3 — Depôts in. _Sr"__i-CÍl: RIO DE JANEIRO AND RIO GRANDE DO SUL Port Talbot, New-port, Glasgow, AGENCIES: London, Liverpool, Newcastle-on-Ty_e, Swansea, Paris, and New York. The Anglo-Argentine Coal Co., Ltd. Bunkering a Specialty, ample and Depôt Proprietors. Foreign Coaliug Contractors. Coal Exporters available. ¦I stocks of Best Welsh Coal and Best American being always HEAD OFFICE: Cambpian Building-s, Cardiff ¦•_. "Nahg-allac. Telephone: 3156 (3 lines). Telegrams: Depôts in tlie Argentine:- dei Puerto. BUENOS AIRES: Rivera Sud Riachuelo. SANTA FE' : Zona Talbot, New-port, Glasg-ow, Paris, AGENCIES: London, Liverpool, Newcastle-on Tyne, Swansea, Port and New York. Guéret's Anglo-Uruguayan Coal Co., Ltd. Bunkering a Speciality, ample Coal Exporters and Depôt Proprietors. Foreign Coaling Contractors. stocks of Best Welsh Coal and Best American being always available. HEAD OFFICE: Cambpian Buildings, Capdiff "Nahgallac." Telephone: 3156 (3 lines). Telegrams: Depôt ira XJrvt&ixays— MONTE VÍDEO Guéret, Gait & Co., Ltd. 34, LIME STREET, .LONDON, E. G. 3 & INSURANCE BROKERS, COAL MERCHANTS, AND FOREIGN COALINC CONTRACTORS SHIP AT ALL PORTS BÜNKBRS SÜPPLIBD A 1 at SOLE AGENTS for FIRST-CLASS SUPPLIES A B C Stk Bentley s THIRTY DEPÔTS, CABLES: CODES i Licters KINGDOM, CONTINENT, - «TEREUG, Scotts lOtk including UNITED LONDON Watkins AMERICA, etc. Western Uni°" MEDITERRANEAN, SOUTH I __¦- Jüly ;7th, 1920; WILEMAN'8 BRAZILIÃN REVIEW ^\^J33 of our rolling stock, and we have been rcpeatedly assured that tho think it onght to bo known that there is a feeling of dissatisfae- line will pay for itself as soon as it irs open to tntfiiç. tion at the present unsatisfactory condition of affairs amongst k You will see on 12 of the report page that Mr. Miller body of investors who have provided large sums of money for the tells us that the for prospects the current year are very much needed development of Brazil. (Hear, hear.) good and that it is- estimated the coffee will crop he at least Mr. Romer: I wish to say a word or two in support of my equal to last crop. I year,s .might mention that a friend, Mr. Killik.' I think probably the authorities in Brazil cablegram from our General Manager, received this morn- do not notice the dividend we get. I am not only a Shareholder, ing, confirais the views he expressed on the 8th April. but a dealev ie. those securities on the Stock Exchange and í am Up to date our gross traffic receipts shew an' increase of very largely interested in them. I have been consulting my £443,950 and, exchange provided keeps up to. approximately tho fellow.dealers on the Stock Exchange, and I think I express their levei of last this increase year. should be maintained; though on tlioughts also. We have told our clients that these reilways are top .0f the big receipts last year from August onwards we cannot not a speculative security, but that they are railways built cn again expect to shew large weekly increases during the latter half the ground and you may see them, and we consider that of the people year. who put their money in these concerns should have a fair return The completion of 18 locomotives ordered over a year on it. I am not going to acense the Braziliãn Government of ago has been much delayed owing to the moulders' strike; any unfair treatment. They have our money and they can seize we are, however, promised delivery of the first consignment the lot if they like, but it would be very unwise to do so. I know early next month, and the two new rack engines will also be the Spanish language and the Portugüese too is very rich in pro shipped shortly. We have sent out the iron and steel work verbs, and we are ali familiar with tbe homely phrase that «fine for 100 wagoUs and have authorised the construetion of words butter no parsnips.» We constantly see in the newspapers several new sidings in the sugar district to cope with this such remarks as appeared in «The Financial Times» the other rapidly developing traffic. We are, in fact, doing we ali day when it was stated that new capital was not going into Brazil, can to handle the which traffic is presented and to satisfy our and that the people there could not understand the reason why; customers. I understand it and can say why it does not go in. It is because In conclusion, our special thanks are due to the General they do not allow the railways which do so much for the country Manager and the staff in Brazil and in London. In Brazii a fair rate of return on their capital. Not only does that apply our staff have had a very trying time, they have had to face to this line, but to the other railways also. It is time that we labour difficulties. and the old conditions have been ad- spoke out on these points I also saw an article in another with considerable paper justed tact and sympathy; while in London to the same effect; we are constantly coming across the same our Secretary and his staff have constantly wrestling been thing. We are told of the wealth and potentialities of Brazil— with the complications and the with delays connected the undoubtedly it has great potentialities, so has the moon, if we material and stores wé are called upon to süpply. To our could get at it. consultants, Dr. Soares and Dr. Weinschenck, thanks our Mr. Scott: It has been my pleasure on former oceasions to are also due; both of them have been most during valuable support the Board, and I do not see any reason for changing my the I wish to emphasise my past year. personally great attitude; but, with a certain amount of diffidence, I wish to ex- appreciation and thanks for their many acts of courtesy press my disappointment that the worthy Chairman has allowed and specially for their most valuable advice when I was himself to be side-tracked about the appointinent of this Com in Rio last year. mittee. I put it to our Chairman that I think he has a moral I now beg to move:— responsiblity in this matter. It has been my pleasure to live That the Directors' report and audited statement of senie years in Brazil, and I know something of the character of accoünts for the ended year 31st December, 1919, now the Brazilians—whom I admire—and their Government, and I submitted, be received and adopted and that a balance thinks unless we can persuade our Chairman to make still another dividend of 2% per cent. (less income tax) on the 5% per trip out there that I am rather afraid the result of the enquiry of cent. Prefence Shares, making with the Ínterim dividend this Committee will be unsatisfactory. I say this without in October last, 5% paid per cent. for the year. and a any reflection upon our local Directors, but I cannot dividend of 2% cent. per (less income tax) on thè Ordinary help thinking that if we get our Chairman out there once more I Stock of the Company be and are hereby declared. and he said: «Mr. President, I am here again, and this time Sir W. Guy Granet: I beg to second that. cannot afford to go back and face my Shareholders without a sa- The Chairman: Before putting it to the meeting I shalll tisfactory conclusion» then the something might be done. I would be very to answer, as well as I can, glad any questions you may earnestly beg of our Chairman to go out there once again. I deside to ask. have been a Shareholder in this Company for a great many years Mr. Killik: I would like to thank you for the very interesting and I see my return has amounted to about 2 per cent. Others statement you have made as to the working of the line under the are in a similar predicament I suppose. I have a great deal of unsatisfactory conditions of high expenditure and low rates. patience, but I cannot help thinking that I shall pass the allotted I should like to say that whilst we Shareholders appreciate the span of life long before we g,et a 5 per cent. dividend unless things favourable sentiments that have been expressed by the Braziliãn can be hurried and a satisfactory conclusion come to with regard Government, and whilst we believe that they intend to deal satis- to a rise in freights. factorily by the Company, we are greatly dissatisfied at the delay The "promíses. Chairman: In dealing with the remarks of Mr. Killik, which has taken place in effect to these givihg Unfor- Mr. Romer and Mr. Scott, I would like to say that I think they tunately, and specially in times lke these, it is impossible to live ali more or less reflect the opinion of the Board. We entirely upon expectations and the fact that in the past year, which is the agree with what you have said. With regard to my visiting best year the Company has ever experienced, we were only able Brazil again, I am sure I hope I shall be able to go to Brazil to pay a dividend of 2% cent. to the Shareholders per is, I think, some day. I do not see that I have been side-tracked, because eloquent testimony of the fact that this Company ís getting noth- I said every th ing you suggested last time I was there and I believe ing like the reward it should receive for the valuable services it we really have tho earnest sympathy of the President of the Re- has rendered to the Braziliãn Republic; especially when you tell public. I do not know whether it is quite clear to the Shareholders us, sir, what is a known fact, that these results, meagre as they that the system of the Leopoldina runs through the States of Rio are, have been arrived at mainly in consequence of the favourable de Janeiro. Minas Geraes and Espirito Santo, which are sepárate rates of exchange. I think it is certainly a very unsatisfactory States from the Federal Government, and that the Federal Go'- state of affairs. We are very grateful to Brazil for the patriotie ^ernment has got to carry them with them. I do not for a mo- action she took in the war, and, as far I am concerned, I should ment think that the formation of a Committee was done with the not like to say anything which savoured of ingratitudè, but I intentíon óf sicfé trackíng me, or tlie Board, or the Shareholders 7th, 1920. 934 WILEMAN'8 BRAZILIAN REVIEW July I LLOYD NACIONAL ^fm&^mZ9 æ AVENIDA RIO BRANCO, 106-108 COMPANY, LIMITED. Telephone: - Norte 3134 Fully Paid Capital. . Rs. 8,000:000$000 Codes: Scota, Bentley's, ABO 5th Editiou, Ribeiro and Private. REGULAR LINE OF STEAMERS TO MARSEILLE,S GENOA and other MEDITERRANEAN PORTS. . FITTED WITH MARCONI'S WIRELESS TELEGRAPH. cordially muited. Ali enquiríes for trading between the United States of North America, Europe and South America are "Campinas", "Victoria'', FLEET: — ss. "Belém", ss. "Piave", ss. "Marne", ss. "Carapeiro", ss. ss. "Antonina", "Neuquen". "Natal" "Brazil". ss. "Rio Amazonas", ss. "Guanabara", ss. ss. Aux. Sch. UNDER CONSTRUCTION:—ss. and Aux Sch. "Itália". LONDON. T. B. SOUTHCATE, 85 Gracechurch Street, E.C. GENOA. Cia. commercial Martinelli. Via Orefici 7. Paulo-Santos NEW YORK. James W. Elwell & Co., 17 State Street. BRAZIL. soe. Anon. Martinelli, Rio de Janeiro-S. SHORE DEPÔT: / Rio de Janeiro Ligliterago Company, Limited. RUA DE S. CHRISTOVÀO. 759 / \J / Rua Visconde de Itaborahy, n.° 75 Caixa Postal n.° 1164 # Tel. "LIGHTERAGE" - Rio. Codes - LIEBERS, A I, & ABC TELEPHONE: VILLA 195. Q» /? STEYEDORES, LIGHTERMEN AND TÜG OWNERS 1SLAND DEPÔT:y/^ o O / Stevedores and lig-htermen to Steamèrs of the MOCANGUS GRANDE^ Q* GT jP following L/ines: y Á V / Lamport & Holt — Funcli Edye Co. Itic.—Ward (SUL). / jS? tf / Line — Wilhelmseti Line — Kerr Line — Osaka Shosen Kaisha Line — Pacific Steam Navig-ation Company — Johnson Line — Booth Line — OFFICE: Det Forenede Dampskibsselskab — Nelson Line — North & South Atlantic Line — Standard Oil ^AV. RIO BRANCO, 53 & 55. \ Co. Of Brazil — Atig-lo-Mexican Petroleum Co Texas Company (South America) Ltd. and TELEPHONE: NORTE 3028. other important Companies. Execute ali kinds of Maritime Work, including Salvage, "GUERETS." TELEU. ADDRESS: having special numps and other appliances for this end. POST OFFICE BOX 1193. OWNERS OF OVER 20.000 TONS OF LIGHTERS. &L— INVITE CORRESPONDENTE. Nippon Yusen Kaisha FONSECA, ALMEIDA & Co IMPORTERS OF JAPAN MAIL STEAMSHIP Co. GENERAL HARDWARE, PAINTS, Regular Service of High Class Steamèrs between ports of VARN1SHES, OILS, LUBRICANTS. BRAZIL, ARGENTINA, SOUTH ÁFRICA, CHINA, JAPAN MACHINERY.—HEAVY KAWACHI MARU—2nd HALF SEPTEMBER CHEJVÍICALS.RAILWAY, C0NTRAC- TORS AND MARINE SUPPLIES. For Cargo apply to:— RUA Io DE~ MARÇO, 75 & 77 Mr. CUMMINC YOUNC, Rua Candelária 44. Rua General Câmara, 19 Foi further particulars apply to the Argents:— Oepôt: Rua Camerino, 64. NORTON MEGAW & CO., LT0. Telephone: Norte 962. JANEIRO. P.O.B. 422 Cables: "Calderon." RÜA DA SAÚDE 29. RIO DE July 7th, 1920. WILEMAN'_t (BRAZILIAN REVIEW. 935 Consolidated Construetion Company, Ltd Amalgamating the Construetion Department of DICK, KERR & CO., LTD. and J. G- WHITE & CO., LTD. Telegrams "Solcunstru 9, Cioak Lane, Cannon Street, Cannon London" London, E.C. 4. i 46 •- Avenida Rio Branco -- Rio de Janeiro UNDERTAKES CONSTRUCTION CONTRACTS OF ANY MAGNITUDE OR DESCRIPTION IN THE UNITED KINGDOM OR ABROAD. Agents in Argentina, Austrália, Brazil, * China, Ecuador, México, New Zealand, United states, Uruguay Venezuela, &c, &c Also Connections in ali Countries. Contracts executed by the constituent Companies exceed £ 20.000,000 of the Leopoldina Railway. Of course it is in a «ense a disap- 'MONEY pointment to me after the statement made by the President. We have a very good case and it is with regret that but a few months after my visit I have to come back to you and say that so far Official Exchange Quotations, Câmara Syndical and Vales:— nothing has actually been done. 90 days Sight Sovereigns Dollars Vales The resolution was put to the meeting and carried Monday and Tuesday, 28 and 29 June, holidays. unanim-ously. June 30 ... 14 9-32 1.4 5-32 21 « $350 4$326 2$323 The Chairman: I now beg to move:— Ju,y 1 14 H-32 14 7-32 21$350 4$328 2$323 be July 2 ¦¦'• 14 43-64. 14 17-32 _ * That Mr. R. E. Brounger and Sir W. Guy Granet 4$232 2$323 and are hereby re-elected Directors of the Company. Ju]y 3 ••-•¦ !4K 14 23-64 21 $350 4$251 2$323 Mr. N. B. Dickson: I have much pleasure in seconding that. Average . 14 7-16 14 5-16 21$350 4$284 2$323 The proposition was unanimously agreed to. Equivalent... 14.449219 14.316406 21$350 4$284 2$323 > The Chairman: The next resolution is the re-election -of Auditors and comes from the other side of the table. Monday and Tuesday, 28th and 29th June. Holidays. Wednesday, Mr. C. P. Luqas: I beg to move:— 30th June. Tho Bank of Brazil posted 14 ll-32d. Other banks That Messrs. Deloitte, Plender, Griffiths & Co.' be quoted 14 l-4d to 14 5-16d, with money for comm»r- ciai bills at 14 3-8d and are hereby re-appointed Auditors of the Company for for prompt delivery. The market was weak throughout the day, and closed the ensuing year and that their remuneration be 200 with the bank rate at 14 l-4d and guineas. money for commercial Admirai Sir N. Bowden Smith: I beg to second that. bills at 14 ll-32d. The New York-London rate carne The resolution was carried imariiniously. $3.96 and Paris-London 48.08 to the £: Thursday, Mr. Romer: I beg to move:— lst July. The Bank of Brazil posted 14 3-8d. Other banks quoted 14 5-16d, with money for at 14 3-Sd. That the thanks of the Proprietors present in prompt general The market opened firm on dollar sales from meeting in London be given to Mr. McC. Miller and other Santos and rates advanced to 14Kd' bank, with money for commercial officials and staff of the railway in Brazil, also to the Secre- bills at 14 5-8d. The New York-London rate tary and staff in London, for their carne $3.95 and Paris-London zealous services during 47.90 to the £. the year. Friday, 2nd July. The Bank of Brazil posted 14 5-8d. Other I personally have no knowledge of the gentlemen in Brazil but I banks quoted 14%d to 14 9-16d, with money for commercial bilte do know that I always receive the courtesy greatest from our at 14 13-16d. The market opened very firm, Secretary and officials here. with Santos market pressing bills for sale, principally for future delivery. Very Mr. Wibberley: I have much pleasure in seconding that. shortly after the opening banks refused to buy and in their eager- The resolution was put to the meeting and carried unani- ness to obtain money to absorb the bills, sold futures at 15d, Ind mously. future sales in commercial bills were done as high as 15 l-4d. The Chairman: That concludes the.business of meeting. the During the afternoon the market weakened and closed with banks A vote of thanks was accorded to the Chairman and the drawing at 14 9-16d and money at 14 ll-16d. The New York- proceedings terminated. London rate carne $3.96.5 and Paris-London 46.95. .«__ -',.r j- WILÉMAN'S BBAZILIAtf REVIEW Júly 7th, 1920. S. A. ANGLO-FRENCH AGENCY CO. EXPORT AND IMPORT COMMISSION AGENTS, "1 Manufacturer's Representatives. . ¦ IO 7/8:'NfÉL'S 11TJST BUILDINGS, JOUBERT STREET, JOHANNESBURG, S;A.: . "Saafacol." lBentley's. PO. Box-6039. Telegrams and Cables, Codes: A.B.C. 5th Edition, Lieber's, Marques, Mombasa, Swakopmund and ai Cape Town, Durban, Port EHzábeth, East London,Rhodesia, Boma, Beira, Lourenço and W, and Portuguese Continental Agents for ali descriptions of South African Products. Representatives in S., E., E África, and Rhodesia, of English, Continental, Japanese, and American Manufacturers. Cables, "Saafacol." Paris: 103 Rue Lafayette. "Shrubless." London: 101, Long Acre, W.C.2, Cables, available at ali Open for new Exclusive Agencies in any and ali lines at ali oui Depots. Storage- Bond and Free Accommodaoi-n leachng Steamship Coast Ports. SpeciaK facilities offered for distributing Merchants' and Manufacturers' Stocks, We represent and Export, also tor .Companies. Marine, Fire and Life Insurance Agencies wanted.Best large Steam Coal ready for Bunkermg industrial and domestic use. Cable inquirles solicited for ali S.A. Produce. CORRESPONDENCE INVITED TO JOHANNESBURG. CONTINENTAL PRODUCTS COMPANY BEEF AND PORK PACKERS São Paulo—Brazil BONÉS HORNS CASINCS FERTILIZERS PORK PRODUCTS HIDES TALLOW ÓLEO STOCK CANNED MEATS LARD EXPORTERS OF ALL PRODUCTS OF A MODERN PACKING HOUSE REPRESENTED IN PRACTICALLY ALL IMPORTANT FOREIGN CITIES WILSON & CO—CHICAGO, ILL., U. S. A. Wilson & Co. Wilson Commission Co. Archer & Co. Wilson Commission Co. Havana—Cuba. Via XX Settembre n. 42, 58, West Smithfield P.O. Box 356. Genoa—Italy. London—England. Rotterdam—Holland. British American Products Co. Wilson Commission Co, Wilson & Co. Wilson & Co. Victoria Wharf 51. Ruc Jeati Jacques Rousseiu 15, Temple Street New Hlbernia Chambers. Birkenhead—England, Paris—France. Liverpool—England. London—England. MARTINIUSON & BLGMBERG -£*_- (Henry Martiniuson-Carl Blomberg) — General Export & Import ALL GODES USED He^cl Office: Rua São Pedro 63/65- RIO DE JANEIRO Branches in Brazil São Paulo Santos Porto Alegre Rua Libero Badaró 136 Rua Santo Antônio 37 Rua Bento Martins n. 2 / r Argentine Branch: HENRY MARTINIUSON (Manager: Hopaee V. Watson) O-aJtle ^SLr\ IVIã_rtiti &&3, BUENOS AYRES -Cables: "Transocean" n__a July 7th,; 1920. WII_EMAN'S BRAZILIAN REVIEW 937 Saturday, 3rd July. The Bank of Brazil posted 14,5-84. Notes in Circulation. Other banks quoted 14%d to 14 9-16d, with money for commercial bills at 14 ll-16d. The market ópéned weak and rapidly declined, In Contos of Reis. closing with the bank rate àt 14 3-8d and moriey for bills at 14%d. The New York-London rate came $3.95.5 and Paris-London 46*50 Inconvertible to the- £. Convertible Total 30 June, 1920 1,739,026 20,912 1,759,938 31 May, 1920 1,729,035 20,912 1,749,947 Rio de Janeiro, 3rd July, 1920. 30 April, 1920 1,729,051 20,912 1,749,963 31 March, Exchange: Bank Brazil Other Banks 1920 1,729,053 20,912 1,749,965 ¦June 29 February, 26th, 1920 14 15-32d 14 3-8d to 14 7-I6d 1920 1,729,053 20,912/ 1,749,965 ¦July 31 January, 3rd 14 5-8d 14% d to 14 9-16d 1920 1,729,058 20,912 1,749,970 31 December, 1919 1,729,062 20,912 1,749,974 Rise 30 November, 5-32d l-8d to 1-Sd 1919 1,729,067 20,912 1,749.979 31 October, 1919 1,729,073 20,912 1,749,985 The market opened on Wednesday weak at'14 l-4d, 30 September, •on firming 1919 1,729,073 20,912 1,749,985 Thursday and again on Friday, when 31 August, it reached 15d, only to 1919 1,729,079 20,912 1,749,991 decline again to 14%d on Saturday, closing 31 July, weak with bank rate 1919 1,729,083 20,912 1,749,995 at 14 3-8d and money for bills at 14%d. 30 June, Bills were scarce and 1919 1,729,075 20,912 1,749,987 money tight. 31 May, 1919 1,729,090 20,912 1,750,002 The balance of trade is 30 still well in favour of Brazil and any April, 1919 1,719,094 20,912 1,740,006 weakness in exchange can be but transitory, unless entries of coffee 31 March, 1919 1,709,113 20,912 1,730,025 should fali short of expectations, which would force the market 28 February, 1919 1,709,148 20,912 1,730.060 to depend on limited a supply of bills. 3Í January, 1919 1,689,168 20,912 1,710,080 Exports from Rio and Santos last week were the smallest since 31 December, 1918 1,679,176 20,912 l,7O0,0SH the week ended 7th April 30 June, and averaged only £147,000 per diem. 1918 1,534,252 34,560 1,568,812 The total for June was likewise 31 December, very poor, averaging £182,000 per 1917 1,38:9,415 94,560 1,483,975 diem—on a with 31 December, par May, the low month for the crop year. 1916 1,015,578 94,560 1,110,138 New York-London exchange was firm and almost unaltered 31 December, 1915 982,089 94,560 1,076,649 durmg the week, coming at $3.96 on Wednesday, dropping to 31 December, 1914 822,496 157,787 980,283 $3.95 on Thursday, rising to $3.96.5 on Friday and dropping to 31 December, 1913 601,439 295,397 896,836 $3.95.5 on Saturday. 12 February, 1913 601,488 *401,596 1,003,034 Entries of coffee at Santos continue small and are still be- Number low last year's average. of notes in circulation on 30 June, 1920, 59,802,028%. APPROXIMATE VALUE OF THIRTEEN LEADING EXPORTS, RIO ANO SANTOS, IN £1,000. No. of days. Coffee Av. per Mang'ese Meat Sugar Beans Cotton Rice 31 January Hides Lard Sundry* Total diem 3,512 146 239 18 411 39 •28 February 35 408 117 4,925 159 7,227 148 151 2 22 31 March 7,023 247 76 7,873 281 119 43 6 8 11 ; 30 April 140 108 33 7,492 241 5^857 61 358 21 33 31 May 4>616 19 89 52 6,490 216 81 47 15 30 June 51 36 78 4,924 160 ..' 6,967 34 235 19 28 134 139 116 7,675 256 lst 6 months, 1919 .... 35,202 589 1,073 26 496 47 68 379 1,027 472 31 July 39,379 218 7,169 18 474 12 31 August 9 3 27 41 160 00 7,968 257 5,231 71 4 105 35 30 September 80 33 646 159 44 6,40,8 207, 4,715 34 511 135 8 31 October 62 31 71 65 52 5,684 190^ 5,854 34 656 201 40 30 November 79 65 150 350 71 7,500 242. 6,485 135 254 374 165 31 December 539 59 77 284 51 8,423 281' 3,224 58 166 446 444 1,114 242 137 148 33 2nd 6 "457" 6,012 194; months, 1919 .. 32,678 350 2,065 1,273 "228 701 1,877 1,122 1,166 306 41,995 Total 12 months, 1919 67,880 939 3,138 1,299 1,197 1,924 525 1,501 Monthly average, 1919 2,193 778 81,374 223 5,657 78 262 108 100 160 Weekly 44 125 183 65 6,781 223 average, 1919 1,305 18 60 25 23 37 10 29 42 15 1,565 Total, 12 223 months, 1918 18,039 2,046 3,230 967 1,641 Monthly average, 237 1,350 1,000 1,131 29,641 1918 1,503 'l71 269 81 137 .81. Weekly average 20 112 83 94 2,470 Si' 1918. 347 39 62 19 32 5 26 19 21 31 January, 1920 570 81. ... 5.209 31 883 271 209 29 February 627 299 26 48 8 7,611 246 5,101 22 220 16 169 31 March 630 211 122 18 42 6,551 226 7,290 96 34 77 30 April 482 471 299 35 75 8,859 286 5,326 118 396 31 May 9 317 336 121 4,130 286 113 6,736 225 120 15 453 519 60 13 Week ended 2 June.. 1,451 24 52 5,648 ¦ 18-2 Week 122 100 2 12 49 1,760 251 ended 9 June... 1,266 66 52 239 6 2 Week ended 16 June 1,161 67 1 1..632 23^ 181 2 225 11 4 Week ended 23 June. 847 4 1,655 237 35 212 o 53 111 23 Week ended 30 June 971 4 17 1,304 186 4 44 11 30 June §4,204 1,030 147 143 364 107 550 52 1 July 101 10 22 5,455 .13/2 •SSubject to alteration. 'Sundry 101 101 comprise Cocoa, Tobacco, Cottonseed and Mf dioea Meai. 938 WILEMAN'8 BRAZILIAN REVIEW Ju-y7th, 1920. Baldwin Locomotiye Works "Baldwin" Cable Address: Rio de Janeiro MANUFACTURERS OF LOCOMOTIVES OF ALL CAUCES FOR EVERY USE. Locomotives for Logging and Industrial Purposes and for Mines, Fazendas, and Plantations Locomotives for Permanent or Portable Track. Electric Motor and Trailer Trucks. Ali Engineering Products. ~~ Baldwin service includes Manufacturing, Engineering, Shipping and Finance Office: 5, RUA DA ALFÂNDEGA, Rio de Janeiro Movement Money Market of s. Paulo Exchange Banks, 31 st May, 1920. Quotations. 3 Jul'20 26 In which that of Branches *Apcljces Jun'20 3 JuP19 is includèd. unified, 1:000$ buyers *Rio ... Municipal, 1906 buyers In *Ditto, 191$ 192| Contos of Réis. 1917, buyers *Bank 190$ 189$ of Braxil, buyers Discounts Percentage 260$ 260$ Sight Fixed Cash and of Cash Brazil Funding, 1898, 5 Loans Deposits De- to Sight per cent.... 66J 67 98 posits Deposits Ditto, new 1914 61 60 Commercial S. Paulo 17,523 61,433 54,630 9,231 28.5 87 Bank Conversion, 1910, 4 per cent 46 45 of S. Paulo .... 3,815 33,060 21,911 3,084 11.5 62 Ditto, 1908, 5 per cent 65%t 66% Commercio e Indust. ¦' 45,336 172,237 174,536 13,983 26.3 81 Federal District, 5 per cent 65% 66% Française p. le Brésil 3.071 17,934 15,199 2,038 17.1 86 Brazil Ralway 338 3 1-8 7 Brazil Traction Total, including branches 69,745 46 46% 63 284,664 266,276 28,336 24.5 Leopoldina Railway 35% 36 36% S. Paulo Railway National City 10,227 28,563 151K 149% 170 18,945 2,005 35.8 Dumont British of S. America Coffee 7%% pref 7% 7% 8% 7,962 14,691 9,994 7,273 54.2 ' London St. John d'El Rey Mining Ord. 18 & River Plate 7,571 5,689 3,513 52 133.1 18 19 Rio Flour Mills 65 London and Brazilian 1T,565 41,802 29,092 10,255 27.7 65 78-9 London and Brazilian Bank 25 Royal of Canada 2.854 5.501 5,146 510 51.9 25 27% Royal Mail Ordinary 120 120 166 British War Loan, 1920-47 Total, ex branches 40,179 96,246 66,690 5% 84 3-4 84 1-8 93 7-8 20,095 41.7 Consols 2% per cent 47 46 3-4 53 1-2 French rent 58 57.87 62.20 Ditto, 6 per cent, 1915 88.90 88.26 88.35 Ditto, 4 per cent. 1917 71.10 71.05 71.45 *Closing Statistioal Average Exchange at 90 days' sight:— of Rio Stock Exchange. +Ex dividend. 1918 1919 1920 3 July, 1920 January 26 June, 1920 3 July, 1919 13 49-64 13 1-16 17 11-16 Exchange: February' 13 27-64 13 5-32 18 13-64 N. York-London March 13 11-32 13 1-4 17 15-32 (Teleg.) dol. April per £ 3.95.75 3.97.37 4.55.50 13 7-64 13 9-16 16 5-16 Paris-London May [ y; 13 1-16 14 7-16 16 3-32 (sight) fcs per 47.12 Juno. noa 12 63-64 47.74 29 82-50 14% 14 63-64 Sight rates, Rio on:- July 7th, 1920. WILEMAN'S BRAZILIAN REVIEW 939 I-ondon, pence 14 3.I6/14 9- 32 W)-$36õ 14d/14 5-32 14 1-4/14 11-32 f_L'Italy $360— $364 $559— 1261— $266 $570 Portugal $268— $275 $462— $480 $825— $912- $830— New York 4$220—4$270 $910 2$140—2$220 Switzerland 4$270 4$310 3$740—3$860 $782— Spain $825 $780— $800 $710— B. $727 $720— $730 Aires, peso 1$790—1$850 $723— $745 „ SANTOS MARKET 1$785—1$830 1$610—1$630 Mondav, THE ¦»¦ Aires, gold. 4$O70-4$lO0 '*_*.; 28th Jurip Th 1 , 4$110—4$120 bnt °Pe',,Hl WÍth a fl'«' °f Montevidéo .:. 4$000-4$200 3$650—3$700 very ew hnvef ri, XX* Denmark 3$960—4$100 3$900—4$000 $715— $720 Weakj "lth N*orway $745 ness and spot paralysed ^ ]ittl* b™" $723— $770 Sweden $770— $780 Tuesday, 29th June. $960— $980 Holidav Japan $965— $970 Wednesday, 30th Jun* tu 1 2$260 June. Jiie market onèríWl ^«iti, íth * Belgium 2$250 cious drop in nrir-pc n,,,,,;,, "Peneci a tremen- $381— $388 Ho1 land $376— $395 (flr.). 1$535—1|570 1$560—1$^70 Áustria ~-- $050— $060 $055 =? Hamburg ai?__^_f *~?*s $116. $120 $120— $125 Value or £ sterling coffees. l snonn íor now crop at sight rate 16$480—16$551 16$587—16$768 Thursdav. lst JnK* tu 1 , Value 1 sovereign "^ upU andmjeis baye, &*• with »!i "»»«!. 21$000 aneland sellerssell activeT psnoni.iiiT í ^buyers 21$100 Market closed finn with """^ Discounts, London 611-16 plèntv „ b ,™C ' n UittT X™ % 6 11-16 % ^'as quiet and there ]msme^ S^ Ditto, New York ..8 % 1-4 % were encmirie f ^!^ % 1-4 eo^ u, to ,2$200, Do, Bank of England 7 % bnt ^1^110^^ % % % -nfaX^/^-b^tr^X-r1 f- — August^ months. At tlie close ill t f^m % P to December o- ,ear eentred Railway News m0n^ ^-^_^IS íor oR crop jf ° """"^|— " U$ and 12$500 for new eropeofft THE LEOPOLDINA RArLWAY COMPANY ESTOlATED WEEKLY TKAF^r™""L Receipts Year for Week Week Ended TOTAw-_.__,j r, from -o"a"ge Sfcerlmg I 1sfc Ë æ ² W I - January 1920 Juno, 26 899.000$ 14 7 16 -ached 1S' "''"^ °" a"' í £ 54,080 « 1-375,725 snch fantast,c f^r ^to J""6 1919 June, 28 I course, or P *** °" a dpwnWd 770:0001 14 19 32 £ 46,822 provoking a panfc 0f no 1 t, ^ £ 865.963 did not wJ*h last over to neS dkv ™"s-i»™^, however Increase.. I snippèrs colossal tlU'5 SaVÍ11« "nt a *'->' l»«J 5/3, I £ 7l258| E doLesSonfe8^'""^ Deoreas8.. m7fa again rise, bnt in the ^ Vr"^ wi» preseTt^r™^ T^"' *«-*«^ ««ficnlt to say what lil/Ce,: ^ *t is News from the interior «f Q ^^ i° ditions and TCatl- «^" p]clii„g at a fâir a, erage T« ^ COFFEE Rl*o de Janeiro. 3rd Julv, 1920 Cie*ingr Highest Lowest Quotations:— " Sellers SpoJ:— Jnly Buyers Sellers Buyers 15$600 „. New York. August 15$450 14$ 700 l^o Santos Rio Santos 15$500 14$550 September 15$400 Í4$55Ò 4* 7s 4s 7s 15$50O 14$500 June 26 líL-n ™ , October 15$200 14$450 io$bo() Paraly.sod 14%c Í5$400 14$400 !„,„ Q • 22VTc 20 W November 15$100 14$350 — •••¦ 15$_00 11$800 I3%c 15$200 14$100 21%c 19Vc December Í5$000 14$350 1,111Fali —— $650ZZ a wi/2*- 14$/50 ;s 11$325 & August 11$075 11$225 ^1$4^5_ 12.17c 12,24c 11$250 11$000 Fali September 11$450 11$425 $700 $325 11$175 11$200 Ditto, o/ $450 1.56c 3.63c October 11$600 11 /o 4.5 2.8 3.8 11$175 $500 H$475 11.4 November 11 $550 11$450 H$175 11$375 December 11$550 1$425 11$250 11$375 January 11$500 11$450 11$300 11$325 February ¦ 11$500 11$500 11$375 Ma rçh •••••••¦ iiés 11$500 11$500 H$150 11$400 Apri] 11$500 11$500 11$225 11$400 *^s_rr:t_rf_r»^^ May _ 11$500 11$500 _ 11$200 11$375 be Mnenced bv it. *° June 11 $525 11$450 Env,iries were I -e 11$125 11$350 the opportnnitv Se' set '"8 Market U $425 11$375 to fil,n tbe n.arhct. Bn^Í 11$275 ^e ^ZH? Weak Firm Jm,e29th was a'holidav Steadv Calm 940 WILEMAN'8 BRAZILIAN REVIEW July ?th, 1920, Sales of futures at Santos were as follows:—June 28th, 132,000 For the 191&-20 fcfop ended 30th June, entries (subject to bags; 30th, 202,000; July lst, 164,000; 2nd, 105,000; 3rd, 54,000; revision), at the two ports amounted to 6,825,350 bags, of which 657,000 bags. 2,660,942 bags at Rio and 4,164,408 bags at Santos. Sales of futures for the month of June totalled 1,561,000 bags. Compareci with 1918-19 crop, entries at the two ports for 1919-20 show shrinkage of 2,346,148 bags or 25.6 per cent, ac- counted for by inerease of 871,030 bags or 48.6 per cent at Rio, Lowest Temperatures, Centigrade, in chief coffee distriets:— but decrease of 3,233,304 bags or 43.7 per cent at Santos. June 28th 29th July lst 2nd 3rd For the. first day of the new crop (1920-21), entries at the S. Paulo 9.0 8.6 10.6 12.2 J.2.8 two ports amounted to 22,180 bags, of which 7,966 bags at Rio Santos 17.0 13.0 15.0 18.0 18.0 and 14.214 bags at Santos. Iguape 15.8 14.4 17.0 14.0 18.0 Campinas 11.0 11.5 12.0 14.0 15.0 . .Clearances Overseas at the two ports for the week ended lst Hibeirrão Preto '. 10.7 8.9 11.7 12.1 13.6 July were larger, and amounted to 174,500 bags, as lagainst 146,211. S. Carlos Pinhal 8.0 8.0 10.0 10.2 11.0 bags for the previous week, and their f.o.b. value £971,350 and Taubaté 10.0 10.0 11.4 12.3 15.2 £847,291 respectively. Piracicaba 10.0 10.0 - 12.0 12.0 14.0 Compared with the previous week, clearances overseas at Agudos 6.0 10.0 — the two ports show inerease of 28,289 bags or 19.3 per cent, ac- Rio Claro 8.7 9.5 12.2 13.5 12.5 counted for by inerease of 31,251 bags at Wiol but decrease of Brotas 10.6 — 10.4 12.0 13.0 2,962 bags at Santos. Bragança 10.0 11.0 12.0 — Franca 114 10 4 12 2 15 11.0 ®* total clearances at the two ports of 174,500 bags, 40,233 Tatuhv 95 93 91 12 9.9 bags or 23.1 per cent were cleared from Rio and 134,267 bags or I ara va ^5 76.9 per cent from Santos, 133,405 bags or 76.4 per cent going jtu jg g jQ 4 loo ig L ^4 0 to the United States, 22,280 bags or 12.8 per cent to Italy, 9,017 Faxina 12 6 110 15 2 13 11.0 ^ags or $$ Per cen^ to t'le P^0, 4,857 bags or 2.8 per cent to Itararé 134 11.6 10.0 13.5 12.9 Spain, 2,013 bags or 1.1 per cent to France, 1,272 bags or 0.7 per cent to Holland, 1,156 S José do Rio Pardo 9 8 — 12.5 17.5 13.2 bags or 0.6 per cent to Germany and 500 or 0.3 cent to Trieste. Botucatú - 9.4 - bags per For the 1919-20 crop ended 30th June, clearances overseas at ~ " . ., , , , , , ¦.., , , the two ports aggregated 10,075,570 bags (subject to revision), '"" EntriesCnhl.D at the two ports—Rio and Santos—tor the week ended £ , . , 0 r_0 _-,_- , , , „ _. , _ _-, _.„ , , ii * /ttWi of which 2,5/3,/// bags were clenred from Rio and 7,501,793 bags, lst JulyT , show shrinkage of 7,171 bags or 6n cent,x otF whichi_- 7 ,. , „nr. ,_„_ „_ ¦ „ .j, '.,:., . ' per f *om Santos>a 5,709,725r bags, or o6.7n cent of the total to 1.593t mo bagsu or 3.3oo cent4. at+ Rior>- andi 5,578K k^-q bagsu or 7.8hó *¦cent ,, per gomg _. & lper > & I per the tt~;4.„United i Stateso*.- and1 1,/10,2231 Tin 000 bags1 or 16.8i* o centx to. VTFrance. at; Santos., per same Compared with the week last year, entries at the two Compared with the previous erop, clearances overseas. at the show decrease of 20,882 bags or 15.7 cent, of which ports per two ports show inerease of 416,481 bags or 4.3 per cent, accounted 1,686 bags or 3.5 cent at Rio and 19,196 bags or 22.6 per per cent for by inerease of 769,727 bags or 42.6 per cent at Rio, but shrin- at Santos. kage of 353,241 bags or 4.5 per cent at Santos. COFFEE CLEARANCES, RIO AND SANTOS, FOR THE CROP FROM 1 JULY, 1919, TO 30 JUNE, 1920, FOR THE SIX DAYS ENDED 30 JUNE, 1920 AND FOR FIRST DAY OF 1920-21 CROP. Cr°P ••• Crop Crop Week end ma 1918-19 1919-20 Inc. or Dec. 1918-19 1917-18 June 30 July 1 United States 3,899,514 5,709,725 +1,810,211 46.4 3,899,514 5,928 760 112 305 21100 Franoe 2,530,255 1,710,223 - 820,032 32.4 2,530,255 1,033,302 2 013 — Cette-(Switzerland ² - . 74,286 74.286 100.0 74,286 90 792 — — Italy •• 595,977 533,507 - 62,470 10.5 595,'977 1,^252 22 280 _ Trieste '500 and Ragusa ... 78,000 123,633 + 45,633 58.5 78.000 — __ United Kingdom 214,882 66,295 - 148,587 69.1 214,882 57 _ GiVltar, Malta, Barbad. 65,481 20,130 - 45,351 69.2 65,481 25 475 — -I Canada 20,400 5,300 - 15,100 62.9 20,400 — _ __ South África 122.410 . 223,217 + 100,807 82.3 122,410 287 329 — _I_ North África 36,213 133,022 + 96,809 267.3 36,213 9*455 _ _ ESyP* — 51,884 + 51,884 100.0 _ rr/oOO — _ Belgium 366,643 310,387 - 56,256 15.3 366,643 J- _ _ Holland 92,147 196,559 +104,412 113.3 92,147 55 059 1270 9 Sçandinavia 732,432 554,450 - 177,982 24.3 732,432 156 209 — __" SPain 277,127 43,709 - 233,418 84.2 277.127 86060 4 857 _ Portugal 387 13.446 + 13,059 3374.4 387 2 278 — _ Plate and Pacific ... 407,592 306,805 - 100,727 24.7 407,592 425^74 8 207 Japan and East 810 558 5,006 - 4,448 797.1 558 9'o61 — _ Rússia and Finland ... 62,110 260 - 61,850 99.5 62,110 28852 — Greece 75,175 13,350 - 61,825 82.2 75,175 1500 — _i Roumania 1,000 B -1,000 100.0 1,000 -- _ __ Bulgária '- 500 ² _ 500 100.0 500 Z. Tllrke>" -•¦ 0,000 9,800 + 3,800 63.3 6,000 - _ . Germany - 44,797 + 44,797 100.0. - 1 1}1Q6 Z : Total 9,659,089 *10,075,.565 + 416,476 4.3 9,659.089 9,329,115 152 588 ^TqTq a-*»m 200,095 182,654 - 17,441 8J 200,095 SSoilôS 140 - Grand Total 9,859,184 ~~9^59~1U 10,258,21.) + 399,035 _ 9.659,280 152 798 2^912 *Subject to lalteration. ' ^x,*/*^ " >»r™^™w^rí!.ms!iv;t.V!«tiitií.j,±.., X July 7th, 1920. WILEMAN'8 BRAZILIÃN REVIEW 941 Shipments by Flag, lst July, 1919, to 30th June, 1920:— Havre:— 1920 week ending 1920 1919 Brazil >*'• _::'"'¦. -;, • Crop June 30 1 Other Total Brasil Other July 2 Jan: ...... 416 . Bags 0/ Bags Bags .. 549 965 70 53 123 .o ti Jan. 437 Brjtjsh to U.S.. 4,018,896 83.2 112,305 21,100 531 968 57 47 104 /6Jan 467 To Europe. ...T... 681,757 14.1 3,000 . — 508 975 46 41 87 23 Jan. ...;. 480 489 To Plate & Pacific. 121,196 2.5 7,357 — "..... 505 969 31 34 65 30 Jan. To Sundry.Ports 9,600, 0.2 471 976 19 27 • 46 Feb 501 Total British 4,831,449 449 950 14 32 46 . 48.0 122,662 21,100 13 Feb: .;:... 490 Other Flags—French 956,685 432 922 12 19 31 9.5 863 20. Feb 493 Scandinavián ... 942 421 914 66 17 bô ' 173 9.4 156 27 Feb 458 Braziliãn ...... 903,633 9.0 401 859 101 15 116 5 March 451 384 American' ....;. 795,869 7.9 835 139 13 152 12 March .... 468 Japanese 630,101 6.2 368 836 101 12 113 19 March ... 441 Italian 552,775 5.5 22,780 341 782 65 15 80 26 March .... 410 329 Belgian 249,237 2.4 812 739 169 17 186 2 April 478 326 Putch 160,420 1.6 1,270 804 184 18 202 9 April 408 Spanish 42,422 0.4 4,857 298 706 155 28, 183 16 April ... 422 Argentine 10,650 0.1 278 700 189 32 221 23 April ... 441 Russian 151 264 705 318 36 354 30 April ... 443 255 698 244 37 281 Total ••••. 10,075^565 100.0 152,588 21,912 May 440 253 693 236 50 286 14 May .... 425 251 676 210 71 281 For the first day of the new crop (1920-21) clearances over- 21 May .... 430 252 682 177 68 245 seas at the two ports amounted to 21,912 bags, of which 21,100 28 May .... 46] 267 728 292 87 379 bags were cleared from, Rio and only 812 bags from Santos. 4 June ...... 391 269 660 321 115 436 F.O.B. 11 Value for the two ports for the week ended lst July June 540 278 818 322 145 467 averaged £5.566 18 per bag, as against £5.795 for the previous week, June .... 562 286 848 402 183 585 and £7.009 for the 1919-20 crop closed 30 June last, as against 25 June ... 584 291 875 562 202 764 £4.533 for the previous crop. 2 July 600 300 900 553 218 771 Coffee Loaded (embarques) at the two ports for the week ended lst July were smaller, and amounted to 126,926 bags, as Quotations:- against 126,932 bags for the previous week, and their f.o.b. value Spot Near Blo f.o.b. £706,448 and Exoh. No. 7 Bio Optiona No. 7 Cost £735,571 respectively. r O.AF. For the Store N, Y first day of the new crop (1920-21), embarques at the Pence two Cents Cents Rs. Cents Cents ports amounted to 21,847 bags, of which 7,034 bags were (j) Dec. 6 .. 17 1-4 15 1-4 15.23 15$200 17.25 17.85 loaded at Rio and 14,813 bags at Santos. (f) Dec. 13 . 17 7-8 15 14.96 15$500 19.25 20.00 ..Sales (declared) at the two for the week ports were smaller, (f) Dec. 20 17 7-16 15 14,99 15$400 19.10 19.85 14,522 bags, as against 31,962 bags for the previous week and (k) Dec. 27 . 17 11-16 15 14.95 15$500 19.20 19.95 50,647 biags for the corresponding week last year. (k) Jan. 3 . 17 11-16 15 1-4 15.65 !6$200 19.55 20.30 (k) Jan. 10 17 25-32 16% 16.08 16$800 20.40 21.15 (1) Jan. 17 . 17 25-32 16% 16.05 united states Stooki, Deliveries and Visible Süpply, in l.eoo baga 16$800 20.40 21.40 (1) Jan. 24 . 17 7-8 16 15.75 16$500 20:40 21.40 Brazil Sorts Only. (1) Jan. 31 . 17 13-16 15% 15.00 16$300 20.10 21.10 (D Feb. 7 . 18 3-8 14% 14.15 16$000 Stocks Deliv. V.Sup. Stocks Deliv. V.Sup. 20.40 21.40 (1) Feb. 14. 18 5-16 14 13.85 16$000 20.35 21.35 1920 1919 (m) Feb. 21. 18,13-32 14% 14.29 16$400 20.60 21.65 Jan. 5 954 101 1,404 481 54 884 (m) Feb. 28. 18 3-8 14 5-8 13.70 16$200 20.35 21.35 Jan: 12 875 139 1,436 453 28 , 893 (m) Mar. 6. 17 15-16 15 1-4 15.16 16$600 20.30 21.40 Jan. 27 921 118 1,347 459 44 888 (1) Mar. 13 . 17% 14 5-8 14.40 16$400 19.85 20.85 Feb. 2 814 106 1,258 506 56 904 (1) Mar. 20 17 11-32 15 1-4 14.68 16$400 Feb. 9 19.85 20.85 999 103 1,293 530 56 1,116 (1) Mar. 27- . 16 13-16 14% 14.47 1 16$300 18.70 19.70 Feb. 16 971 96 393 469 63 1,135 April 3... Holiday. Feb. 23 824 129 i,ò59 420 60 1,340 (1) April 5 . 16 7-8 14% 14.55 16$300 18.75 19.75 March 1 .... 754 95 1,408 399 83 1,441 (f) April 10 . 16 716 15 14.33 15$200 17.20 18.00 March S .... 776 148 1,352 496 73 1,405 (f) Apl. 17 . 16 1-4 15% 14.57 15$800 17.60 18.40 March 15 ... 854 128 1,475 591 81 1,352 (f) Apl 24 . 16 15-32 15 1-4 14.45 15$500 17.50 18.25 March 22 ... 822 119 1,498 939 92 1,481 (f) Apl 30 . 16% 15 14.55 15$300 17.35 18.10 March 29 ... 906 109 1,571 824 116 1,425 (f) May 8 . 16 25-32 15 5-8 15.67 16 $300 18.50 19.45 April ó 859 120 1,615 817 155 1,272 (f) May 15 . 16 21-32 15% 15.35 15$600 17.80 18.55 Aprü 12 ... 950 117 1,561 749 157 1,225 (f) May 22 • 16% 15% 15.20 16$400 18.45 19.25 April 19 ... 964 107 1,481 733 138 1,218 (f) May 29 , 15 15-16 15 1-4 15.04 16$200 17.65 18.40 April 26 ... 1,125 110 1,386 742 130 1,250 (f) June 5 J-O/2 15 1-4 15.15 16$600 17.60 18.30 May 3 - 1,099 89 1,441 694 606 1,287 (f) June 12 15 3-8 15 1-4 14.34 16$200 17.00 17.75 May 1.0 ... 1,143 120 1.447 716 102 1.204 (f) June 19 14 7-16 15 14.19 16$300 15.95 16.70 May 17 .... 996 162 1,315 617 149 1,117 (f) June 26 14 7-16 14 1-4 14.15 15$70Õ 15.55 16.30 May 24 .... 952 346 1,301 732 137 1,013 (j) July 3 .. 14 5-8 13% 12,15 15$200 15.05 • 15.65 June 8 975 67 1,557 645 150 1,118 (f) Freight $1.00 in full per bag. June 1 ...... 860 116 1,477 589 144 968 (j) Freight 80 cents per bag in full. June 15 .... 863 112 1,602 495 150 1,109 Hí) Freieht $1.20 New York and $1.50 New Orleans bag June 22 per ... 888 100 1,577 334 161 1,077 (1) Freight $1.30 per bag in full New York. June 29 .... 1,042 111 1,611. 477 122 1,106 (m) Freight $1.40 per bag in full New York. 94.2 W1LEMAN'S BRAZILIAN REVIEW July 7th, 1920. Verified Stocks in Santos on 30th June, iri bags of 60 kilos:— Rio and Nictheroy Santos Total 1920 January 220,131 246.880 467,011 In stores 1,083.709 February * 194,150 207,754 401,904 In first hands or commissariÒs 333,189 March 179,694 243,872 423,566 Iri second hands or shippers 199,755 April 200,459 112,195 312,654 May 213,118 136,946 350,064 Total, verified 1,616,653 June 195,485 233.438 428,923 Total, unverifiéd 1,604,654 2nd lA crop 1,203,037 1,181,085 2,384,122 Difference + 11,999 If local consumption and waste were deducted from stocks, Total crop. 1919-20 2,660,942 4,164,408 6,825,350 the small difference would probably disappear. Ditto, 1918-19 1.789,912 7,397,712 9,187,624 Ditto, 1917-18 2,993,136 12,143,930 15,137,066 Rio Entries, Embarques (loaded) and Stocks. According to Ditto, 191617 2,366,136 9,803,044 12,169.180 the Centro do' Commercio de Café do Rio de Janeiro and Junta Ditto, 1915-16 3,259,393 11,744,492 15,003,885 de Corretores, entries duriug tlie 1919-20 crop ended 30 June, 357,768 9,497,553 12,855,321 amounted to 2,672,005 bags, embaques 2,903,524 bags and stocks Ditto, 1914-15 3 to 321,178 bags, of which latter 294,757 bags at Rio and 26,421 bags at Nictheroy. Stocks are said to be practically ali in the. hands of shippers, so that there is little or nó coffee available iri World "Le Café-") the market, which would seem to count almost entirely on entries Visible Supply of the (From for spot business. In 1,000 bags of 60 kilos each. or Decrease During the last four weeks ended June 24th, entries averaged Increase 1 June,'20- 46.986 bags per week and «ales 30.784 bags, leaving a balance 1920 1920 1919 1 June,'20- 1 June 1 May,'20 1 June,'19 available of 16,202 bags per week, from which must be deducted 1 June. 1 May, - 60 about 2,500 bags per week for local consi mption. England 310 279 370 +31 Holland 434 435 122 - 1 + 312 The Centro and Junta have deeided to withdraw 10,000 bags Antwerp 110 85 102 + 25 -f 8 per month from stocks for local consumption. The figures for Havre 900 775 613 + 125 + 287 embarques seem somewhat exaggerated, and we intend comparing Bordeaux 96 87 102 + 9 6 them with our own stati-ties when complete. Marseilles 173 190 71 - 17 + 102 The Santos Crop. According to the statisties of the Associa- Brazil sorts 1,007 874 720 133 + 287 cão Commercial òf Santos, the movement of the S. Paulo 1919-20 Other sorts 1,016 977 660 39 + 356 crop was as follows: Entries, 4,164,408 bags; eleared at Mesa de Rendas (State Customs), 7,304.244 bags; shipped. 7,372,963 bags; Total Europe 2,023 1,851 1,380 172 + 643 clearances for foreign ports, 7,547,043 lags; ditto, coastwise, Afloat, Bràz.-Eur. 452 698 1,668 246 -1,216 13,999 bags; unverifiéd stocks, 30 June, 1920, 1,604,654 bags; verified, 1,616,653 bags; revenue collected by Santos Recebedoria V. Supply, Europe 2,475 2,549 3,048 74 573 (revenue office), S. Paulo and Minas coffee duties, 28.992:490$; ditto, surtaxe, fcs. 34,879.026. Stocks, U.S.:— Brazil sorts' 860 1.111 589 251 -f 271 Of the total of 7,547,043 bags eleared overseas, 4,665,703 Other sorts 634 .705 411 71 + 223 bags or 61 per cent.went to the United States. Total 1,494 1,816 1,000 - 322 + 494 The estimate of the Ministry of Agriculture was 3,638,750 bags, Afloat, Braz.-U.S. 617 283 379 + 334 + 238 exclusive of' Rio and Minas coffees, via Central Railway, but actual entries were 525,658 bags in excess of the estimate, V. Supply, U.S.. 2,111 2,099 ¦ 1,379 ¦+ 12 732 which is attributed to entries of Rio coffees. + Stocks, Rio* .... 383 344 645 - The largest shippers were: R. Alves, Toledo & Co, 1,075,519 +39 262 Ditto, 1,919 - -3,683 bags; Naumann, Gepp & Co, 814,847; Cia. Prado Chaves, 466,156- Santos* .... 2,414 5,602 495 - - J. C. Mello* Co, 456,005; Hard, Rand & Co, 397.201; Arbuckle Ditto, Bahia ...... 22 23 32 1 10 & Co. 397.187; J. Aron &. Co, 308,005; S. A. Casa Picone, 281,812; E. Jóhnston - -3,955 ,& Co, Ltd, 280,994; Leon Israel & Co. 261,771 • S. Total Brazil 2,324 2,781 6,279 457 A. Casa Michaèlsen Wright, 204,225; S. A. Levy, 182,946; Silva Teixeira & Cia, 176,991; Freitas, Lima, Nogueira & Cia, 153,078; Visible Supply of the World:— - -4.375 Grace & Co, 153,046; Cia. Paulista de Exportação, 138,586:- De Brazil sorts 5,260 5,747 9,635 487 Ia - Cour & Cia, 126,199; S. A. Cosa Malta, 120,714; Nioac &V:ia, Other sorts 1,650 1,682 1,071 32 + .579 115.156 bags.' ' " Total 6,910 7,429 10,706 - 519 -3,790 ^-Inclusive CROP ENTRIES of embarques (coffee loading). The world's visible supply oií Ist June shows a shrinkage of Rio and Nictheroy Santos Total 519,000 bags as compared with Ist May and of 3,796,000 with Ist 1919 July 203,912 384,434 588,346 June last year. August 234,557 577,908 812,463 On Ist June the visible supply of the world amounted to September 238,556 671,871 910,427 6,910,000 bags, as against 7,429,000 bags on Ist May, 10,706,000 October 259,334 590,142 849,476 hjags Ist June last year and 11,714,000 bags Ist June, 1918. November 304,147 434,948 739,095 World's deliveries in May amounted to 1,377,000 bags, as December ;.. 217,399 324,022 541,421 against 1,901,000 bags May last year, and 1,207,000 bags in 1918. For the first eleven months of the crop, world's deliveries 1,457,905 2,983,323 4,441,228 Ist Y2 crop amounted to 17,196,000 bags, as against 13,990,000 in 1918-19 and 13,693,000 bags in 1917-18. y,-.y. TnntTfwjiiiMiWMi ¦M i i ii 'mu iijii 11 July 7th, 1920. WILEMAN 8 BRAZILIAN REVIEW 943 deliveri0t< -% the f->st three+hrJV01'Id'S elevei, months of the last Coffee Propaganda crops were as follows:— in the U-S. In a statement of the finan- inionn Europe U.S. Other Total "C'ty Coramitt«. » » ^ated that during íg r fo 5>979 8,951 2,266 17,196 mnÊ 2, f « GndÍng April ,ast' the Sociedade o?~a 3,2053,245 8,1298,140 2,3592,605 13,69313,990 P^mntn T nffe ?an,Pa,gM and the coffee trade of the United States with Of total former $59,048 which deliveries in 1919-20 of 17,196,000 accordmg to the torms of agreement, bags, 10,692,000 magazine can he ed JyTr aml newspaper publicity. y a'K The United States" 4'°05,00(> tegS respectively in 1918-19 and moiety of the fund financed an informa- __*$£_1^,628,000 bags.*" and to>„ department, th,, 3,065,000 bags in 1917-18. prod.hçtion and distribuiu of o"fee to motmn pmures 128 printe of whieh were distributed to rôastors " theat'eS thrOUgh°Ut tb° United State i "Vi nlCÁnahâd^it also financed the organisat;o„ CUmmÍng YoU"S grites us as follows 0f a national coffee week The undov«nt.c-i dateL ofí . fr' oth July:-Permit me to draw attention not only bè -ntiuued ,o : one or two rhscrepancies your to LlTtt;second ^ear, r-T^^f'wiUbut be considerably relative to coffee crop statistics for the enlarged. second half of 1919, published in your issue of 14th April Under British Lines Imports of coffee into the the carryings credited to the Rio Cape United States. Despite h-h V«': coffee prices and other unfavourable 23;650 'M8S from RÍO an<] 8>°°° from factors, imports of co Se WoMl Bahia, ara mto the Ututed States during tho 1920 fiscal per#_ré tpéctod sh ei and GWfrio respeetively, the former ' ÍM qUa"títy -« ™lue.AccXg on Sth August to New e timatesttoní". t,rT""'lma e by to Orleans and the latter in September tho Nationalv?'S City Bank, the total to New York. There has, approxunate 1500,000,000 imports will apparen% been .some confusion pounds, as compared with on your part with regard to the preymus reeord thThi-h. - Won boats, and this of 1,322,000,000 pounds du tho is evinced by your reference to them on 1917 pori_l As 17' °f thG Same P°i"tS,°"t "'"* '" 192° the "«•«• ÍSSUe- The Glen boat* (formerly v-f 2°7 cento S 4«rt valt of^ the nGardnier vle Line) ' COn,pi"'eC, With were retired from the South African trade .^1 period'° ,tl^i" TT to ^ «fctt - ^o 1918 m January, 1918; ,0""al Price several of them are now regularly loading for aro the , year>- T__» fi-hres the S-* " the CO"ntry PHnCe Lhle Wth> and the 23,650 bags The vaL ot of P-d-«o„. andniT. ^rnn8,000 bags %°n ZUr fT referred to above should therefore have been in- cluded by in you the total carrying of the Prince Line Since the withdrawal of the Glen boats, the Cape Line has een ma.ntamedby steamers of the Nippon Yneen Kadsha under contract with the Rio Cape Line, Ltd., ali the service, coffe* agreem^ts "-«- «Wpers, being exclusivrly ^T61.^made by this TdLine. For this reason the 91,653 bags which ap- "AnmrTc peared under the Nippon e"dÍnf MareH' Yuseh Kaisha in your.statistics should, ò _.ti 192°> «feíSS lng' "h!e'Aa"d,"'" the e b€Cn rec(*ded: Rió ^pe Line Ltd, Dutch -«--nd- chiefly to the Th i7y«S6? 91,653. lst b uhT, T3 ' A.me"Ca *h° glVen aS havi"g^en s^PPed at Santos for South oi which t0tal was $195,000,000, Áfricaíf 1W cannotg! trace, «iJS OOO OO. . as, according to my records, only 600 bags •san ^ agai"st $«,000,000 in thè were shipped e monfhf óH'T y0a''; ^o"''"2"' at that port by Nippon boats; no doubt f30'0»'000 t" Colômbia, against a shipped the balance $13 000 000 „tb ,n another direction. I shall be aucl >v.l! be greatly obliged if you II»;! ^elíFfg yea,-; good enough to put .such matter, right iu futuro"une.. tho S Tt',118,of"^ tha",Iast *9'TO0^ '" corresponding mo^ «'i of the coffee 'mp0rt Price [The rectification, for which né are brought from íwil .^ VGrage gratefui. as it is our desire March, n"le Ir°nths eildíllg ^itíi we repeat, to a faithfuf 1920 wlM"year 7 ZZ " ^ paint picture of the coffee movement, samo -T ' agamSt 1U °ents iu *** will mochfy the month , That f'l statistics of the two lines mentioned above; ^ mC''eaS8 '" the Crop statistics of coffee ,„,ported at th,. w 1 f íua"til>- will be pbulíshed shortly dn which above was ^r™ """^ will be made. for cousumpln n^fvllTZT' çnanges fact ls ev,denced by the With regard that tbp TT © ates to 17,63-4 bags, as mentioned by Mr Cum- mmg \oung, shipped per Nippon boats to South África we may that point.out the destination. was the United States. On page 282 of our issue of March 3rd, in statistics of exports >> destn.ation shipments from Santos to South África dur- slightly easier ^ h g the ftrst half ofthe but the market is steadf ^c * crop amounted to only 550 bags. There was confusion on Mr, Young's part with regard io statistics by carriers which r*______r_s;_i_£*^,5S-; thé: expected !increased "coffee demand arising from peace. The statis- Few offers are arriving from Santos. Her stock às decreasing rêical position of is how much strohger than it was a year steadily, is her : now abqut one-third of even date last year, and a'èoj and future prices, at present, average 4%c less. Careful weekly receipts equal about twelve hours consumption for the judges of niarket conditions are of the opiiiion that a material world. The new crop will begin arriving in about 30 days, Re- advahce is níoí*e likely to occur than a decline, at least up to the ceipts will be small and the crop will arrive slowly on account of time when the the 192Í-22 crops become factor. labour prospects'tjraziíiari of a shortage. Santos is over-sokl for July-August-Sept. ship- à year ago tlie Governmeiro owned 3,073,000 bags ot ment and there will be many eontracts cancelled. ;> coffee, which is now practically àíl sold iand ceaseg to be an over- Rio is firm at about unchanged prices, The greater part of shadowing féature on the market, The growers of coffee were the business being done for shipment from the new crop—June never before as prosperous and can well afford to hold back their to Sept. Rio is oversold and cannot decline. It will probably crops until the consuming countriès are forced to buy. The large advance rapidly when shipments of the new crop begin. Exchange sales already made for future shipment should lamply supply the will advance niaterially when the crop begins moving. needed funds to, gather the crops. When the Brazil flowering Mild coffees are lower in price and taking the placo of Santos season begins, between August and November, any disaster to the coffees. The stock is small and strongly held. It has no markec Brazil crops from drought or frost would cause an advance such effect. Europe is now taking cqfffees as freely as U.S.A. and her visible decreases. as was experieiiced Jast year, The visible supply of Brazil coffee Especially large credits have been arranged for. the United States is 1,443,129 bags against 909,850 bags last for Italy for the purchase of coffee and other commodities in Brazil. The world's year and 2,273,688 bags two years ago. The weather in Brazil has consumption for the 1920-21 crop year now promises to been fine and warmer, it is thought no damage resulted from the be close to 20,000,000 bags. To meet this consumption, we may expect extremely cold weather of last week. a world' s crop of about 13,000,000 bags and about 5,000,000 íeft over from the 1919-20 crop Cost and Freight.—Offerings have been in ldght supply and at U.S.A. is short of coffee, with the greatest demand in our history. We have had irregular prices,; Very few sales have= been accomplished. The a decline of about 10c per pound from the top, stocks are dangerously cheapest sale was an accepted bid of 14 l-4c for Rio 7s future small, and with Rio and Santos oversold for July shipment, American credit. to September shipment, our market will soon be in about the same position as the sugar Deliveries of Bi/azil eoffee in the United States for the 3 days market. — of June were 37,264 bags against 25,893 bags in May and 51,527 bags in Jiine last year, The deliveries during May were 508,329 Coffee Statisties bags, as against 461,968 bags in April and 578,293 bags in May a ENTRIES. year ago. 7 : During the week Coffee Futures.—The exchange opened on Tuesday after the ended July lst, 1920. IN BAGS OF 60 KILOS holidays at a decline of 16 to 24 points There was no appareut reaçon for the lower prices excepting a narrow market bare of FOR THI. WEEK ICND10D DOR THE CROP TO buying orders. While -Rio was lower, the cheapest offer was òo RIO æ ' points above September. Trading has been light ali the week and July. 1 Jnne, 24 July, July. 1 I July 3 1920 1920 1919 1920 without nluch change. There is an old trade axiom many | I9Í9d "that years OwHral «ml l.eop.Min» a —¦ — old cofffee well bought in June a in July." Last 45 45 359 43 pays profit .Ry---, 535 752 7.372 2?i9iò the advance occurred I"1««<1 836 962 1.905 59I Qí year in JUne and was so extreme that a 0»a«twise,n dlgchargeJ _ .. 1.643 2 400 - 5? decline followed in July. The present market is about 4%c lower than the high prices of June 23rd, 1919. The conditions that in- 46'371 47'964 48-057 7 rrau.ferre-.'from"Rio t, 966 21.784 fluence prices are stronger now than iast year, and indications Nictheroy ... B _^ favour an advance later. Present prices are very reasonable. Net Entries m Kio .- _„. There is nothing in price to depress the market. Stocks .6.371 47.964Ân nc. 48 ~ in most 057 7«966 21 784 of the consuming countriès are comparatively small. We favour Nictlioroy from Hio A Leopoldina... _ the accumujation of futures on reactions, giving preference to September or December. An advance may be slow in appearing, Total Itio, inclu-inj; "— and requires patience before results are attained. The close Nictheroy A transit was 46 371 47.964 48.057 7-966 21784 higher Total Santo!.- 65.802 on a narrow market at from 11 to 14 points adviance from 71.380 84 998 14.214 A3.m last Friday's close. of Santos futures Quotations show a decline Total Bio A Santo.. equal in 112 173 119.344 133055 22.180 65 513 our market to from 4 to 17 points since last week. The total entries by the dlfferenl 8. pa„lo Railways foi- the Crop to July. 1 1920 were as follows: —Circular of Frederick J. West, Inc., New York, May 22nd:- Per Remaining Pasl Sorocabana Jolal at lotai at For nine months the coffee trade Jundialiy and at has seen coffee through others 5?. r«uilo Santos SL. Paulo bearish 1920/1921 eyes, and their profit thereby has been It has been, H 185 230 516 14 Qqi great. 1919 1920 31.684 12.466 * and is now, difficult to read literature in newspapers or coffee 44.150 43729 letters not bearish, in and this town a coffee buli is something of SALES OF COFFEE (DECLARED). a cunosity. One may gather. from the m>arket report in our During the week ended July lst, 1920. "Evening "New Sun'' of the 18th inst, and the York Journal of July. 1/1920 June. Commerce" of I9th inst, some idea of this state of mánd—we refer 24/1920 July. 3 191 to the «Io..., 14 522 statement made that the President of the S. Paulo R.R. Santos. 27 962 13.647 reported the coffee 4.000 37.000 crop for the State would be 480,000 tons or 12,000,000 Total. bags. Às the Brazilian ton is 1,000 kilos or 2,200 31.962 50.647 this would mean a VALUE pounds, crop of 8,000,000 bags, an error of Or COFFEE CLEAREO FOR FOREIGN PORTS 4',000;000 bagsVa. little matter of say $120,000,000, which is a During the week ended July lst, 1920. mere tfiflé between friends in the coffee trade. Our estimate for IN bags of 60 Tarna this crop hás been 8,000,000 bags, to which must be added, say, July. 1 June,24 1,000;000' bags. tyiat may come from Paraná, July 1 June. Crop to July. i/1920 Minas and Rio to 1920 1920 1920 1920 Santos. Còrl-ee' prices cannot decline until cotton, producing Baps Hags £ sugar7andf: cèrieials become less profitable than JL' Bags q growing coffee. 40.233 8.982 184.078 Wheh;this ;ís reached, it will take one or two 42.651 21.100 96.539 1'po'rht 'condjtion, years to get Santos...... '..' . old trees 134.267 137.229 787-272 804 640 ;in good five years for fresh planted trees^to Total _812 476I J920Í21 174,500 146 211 alui a ri additional five 971 350 847.291 21.9Í2 101.300 ^düçéí^f¥ê|^ years for these trees tp i-éaVílírmaxirhnm 'W(\ü\èvcy. do 1919/20 290.306 263.046 2.015.726 1.824.748 188.129 1.318.620 2Hg®:7.,«W3i*J(w«Çw«- BHHHMBSi^snMKMHnv •^—¦¦—~ July 7th, 1920. WILEMANS BRAZILIAN REVIEW ______ *"' 945 COMPANHIA COMMERCIAL DE HÂO PATTT.n SÃ0 PAUL0 RIO DE JANEIRO Rua SANTOS Alvares Penteado, 39. Rua General Gamara, 90-Sob Caixa do Rua José Ricardo, 35 Correio No. 1,113 Caixa do Correio No. 130 Caixa do Correio No, 482. CABLE ADDRESS "WYSARD" Manag-ing Director; Edward W. Wysard. Expo_te_ of: COmmm^^mi^M^m^^^0^^(Member of thp Rritid, r»i u of Sa<~-p-°> IMPORTERS-COMMISSIONS-CONSICNMENT- CUSTOM HOUSE DESPATCHIMC IN SA_T_._ AGENTS for the EXPORT DEPARTMENT of ¦mORMr+kMwiJi the LONDON K' London__ SULE AGENTS for Messr*. FARQÜHAR & GILLNorth of q^TanH n«i W\ GENERAL AO_MT IN EPROPE^G. "" H. ___Mll. _T_._l _?_!!f_^Sa_y jff COFFEE LOADED (EMBARQUES). / COFFEE PRICE CURRENT. During the week ended July lst, 1920. ¦During the week ended July IN BAGS OP 60 KILOS lst. 1920. ntmiN« _-¦__ k .nur> FOR TrilC ORO! TO June. Jane.' Jane, June. June. July Ave- 25 26 28 29 30 1 nige 1920 1920 2919 1920 1919 UIO — milreis Jul.. i June, 24 Jnly. July. 3 1 July. 3 per 10 kilos,... Mnrket N. 0 Itlkg, 10 10.997 997 10.997 9.805 10 282 10.615 027 916 « N. 7 Rk> U 57 14 42.752 7.034 13.144 10 792 10 792 10.7.2 10 282 10.547 Nictheroy ,..., 10.078 . N. 8 In transit 10.520 10.520 10 520 10.010 10.275 Total Rio including Nictheroy 9.805 • N. 9 & transit. 57.027 14.916 «752 7.034 10.248 10.248 10.248 9.737 10.002 stantoa 4í 13.144 S A NIOS- milreis 9.533 Total 69.895 112.016 197.416 14813 95629 „ per 10 kilos. Spot No. 4 13 100 13.100 Total tio A >. autos 126 922 126.932 240.168 21.847 108 773 pp0t n0# 7 JOkg 11.400 11.400 N. YORK, cent. lb.... COFFEE SAILED. P«_ During the week ended July lst, 1920, Spot Riõ No. 6 15- were consigned to 14 3/4 14 1/4 the following destlnations: ª No. 7 14 1/2 14 1/4 14 3/4 IN BAGS OP 60 KILOS Spot Santos No. 4 ™\\K» KUItO. K B TOTIT, ª No. PORTS MBn,T_R- _*«.. K,VKK capr <"»*" 7 8TA11ES Ton OBOp — UANKAN V,-kTK POnTS WKKK TO "*" Options » July. 14.15 13.80 13.53 13.00 12 34 1.156, 4 — » Sept. 13.90 13.15 17 13 33 £»° • 900 177 - 40.233 21.160 12 85 12 25 12 12.87 Santo..... 98 505 30 922 140 4 840 - 134.407 812 Dec 13 o 13,23 24 95 S 12 89 12.31 12 34 12 94 HAVRE* 50 Kt os f ran cs. 19 9.1920.. 133.405 32.078 140 9 017 - ² 174.640 21,912 July .... > 1918,1919.. ² 294.812 188.229 185 00 189 00 189.00 179 00 181 00 209 236 68 194 4 506 12 876 — Sep » 172.50 182.58 186 00 190 00 180.00 179 00 182 00 181.79 Dec .... » 178 184.75 163 75 75 184 00 17025 175 00 157.75 175.08 uONDON per cwt OUR OWN STOCK. Options:- IN BAGS OP 60 KILOS shiUli ngs «IO stock ou June. 24, 5920 337 636 July... 95/0 90/- Sep 92/6 Enirias duriiig week endeo July, 1,1920 46.371 91/- 85.- 90/- 88/8 Dec ... 87/6 89'- 85' 381.007 85/6 t.oaded (Km .arques), for th* week July. 1, 1920 57.027 STOCK AT RIO ON July. 1,1920 323.980 Stock at Nictheroy and Porto d» Madama and • Ilha do Vianna on June. 24 1920 29.526 MANIFESTS OF COFFEE. > Afloat od June, 24 7 910 RIO DE JANEIRO Entries at Nictheroy pius total embarques inciu- ding tranait 57 027 94.463 During the week onded July lst. 1920 Uedtict : embarques at Nictheroy, Po_to da Ma- dama and Vinnn. .nilihgs during the TH. HALVORSEN-Kamburg E. week Juiy. 1,1920... 40.233 Urban & Co 156 STOCK IN NIOTHKROY AND AFLOAT ON July. 1 1920. 54 230 KENNEMERLAND-BB ~~ Aires Pinto Lopes & Co.: ..... ¦ STOCK IN lst and _nd HANDS and TllOSIí. AT NIUTÚÍ..RO. 1,600 and AFLOAT ON July. 11820 381.210 BELLE ISLE-Montevideo Serafim UNlos Stook on June."ended 24 ü'20 1671-769 & OIiev,ira 350 . ffintriei for week Jnly. 1, 1920 65.802 HER«CHEL—B. 1 737 571 Aires Norton Megaw & Co 1,000 week Ditto— .. .. , Loaded [embarques) during same Jul;1. 1. 69 895 Ornstein & Co. 927 1,927 /. STOCK AT SANTOS ON July. ,11920.. - 1.667.676 NEWTON-N. UAH1A stock on June. 24,1920. 21.900 York Ä E. Johnston & Co ,tto 5,000 Entries during we^k end. d July. 1, lí>20.. 500 Jessouroun Iíihs. & Co.'' ¦ 6.000' ;. I... >T ••¦• •• 22.400 {)M,n- Hard Rnd & Co 2,050 Dmto— ª •-•• Ornstein & Co 500 n,ua~^ .Clearances during same week 1.000 •• Sidney Cox & Co 250 13.800 ¦¦) " ' Btocks at Bahia on July. 1, 1920. 21 400 . I._í' f.Wi < a - fí) SAMARA—B. Aires ....,...,,...... ,., — Stook afi Kin, Santo, and Ralu» July. 1, 1920 2,070,283 Jessouroun Irans". __¦; Go.. 500 do do do do June. 24. 1920 2.(56^,741 do do do do July. DOM_NIC—Hamburg 3, 1919 • 5,159,324 ...:• Eugen Urbaan & Co. 1,000 1920. 946 WILEMAN'8 BRAZILIÃN REVIEW Juy 7th, STRABO—N. Orleans E. G. Fontes & Oo 11,500 SANTOS—COASTWISE. Ditto— Ornstein & Go 2,500 Ditto— Louis Boher & Oo 2,000 ITAPUCA—S. Francisco Braz. Traço & Oo. 14* Ditto— E. Johnston & Oo 600 Dittu— Hard Rand & Co 2,000 Ditto— McKinlay & Oo 1,500 VICTORIA. Ditto Theodor Wille & Oo 1,000 21,100 NEWTON—New York Arbuckle & Oo 12,000 Ditto- ., Gerhardt & Oo 7,500 3,000 22,500- Total overseas — 40,233 Ditto— ., Vivacqua Irmãos & Oo. SANTOS. PERNAMBUCO MARKET REPORT. During the week ended July lst, 1920. * Pernambuco, 25th June. 1920. Bnco Ind., e Commercio 11,500 CAROIINA—Genoa Sugar. Entries to 22nd have been 35,968 bags against 77,576 Ditto— Tieste Mrques Vllle & Oo 500 > Ditto—Consumption Ompos & Poccia 1 12,001 bags last month and 98,526 bags last year for same date. The Exchange has had a tired appearance ali the week and with Nino Paganetto COLUMBIA—Consumption dealers quite out, the bidding for samples has fallen entirely to jjitto— ª Campos & Poccia local refiners, who can work up the stuff at once and as a con se- -uience of want of competition, sag away daily and even CANADIAN SPINNER-N. York J. Aron & Co 18,250 prices Ditto— .. De Ia Cour & Oo 5,107 the whole entry does not find buyers and the worst samples have Hard Rand & Oo 3,150 Ditto— >, to be stored by the owners and they become dry and moro Ditto— » Theodor Wille & Oo. ... 2,670 when Ditto— ,, McLaughlin & Co 1,000 satisfactory in quality they will no doubt find buyers easily Cerquinho Rinaldi & O. 1,000 Ditto— ,. enough. Another 14,000 bags have this week to Now York Ditto Ä João Siqueira & Oo 500 gone Ditto Ä Leite Santos & Oo 300 and 500 bags usinas to Montevidéo. Sugar of good qualdty is still Leon Israel & Co 4,000 Ditto—Montreal saleable at but dealers although they same Ditto— i, De Ia Cour & Co 2,150 good prices, quote Ditto— „ Hard Rand & Co 2,000 40,12/ prices as last week for bagged article, are not anxious to do busi- ness, preferring to keep their stuff for home markets that require Almeida O Abreu & Co. 2,000 SABOR—Marselha prime quality and will pay almost any price for it when they re- quire shipnient. Weather continues satisfactory for «TRABO—N. Orleans F. lima Nogueira & CO. 13,500 quite grow- Ditto— Silva Ferreira & Co. ... 7,772 ing crop and it is hoped entries may commence in September for J. O. Mello & Co 7,235 Ditto— certaàn kinds and prices seem likely to open high. as home mar- Ditto— Leon Israel & Co 5,250 kets will require the first new sugars, as by that time the stores Ditto- Hard Rand & Co 5,000 Ditto- R. A. Toledo & Co 3,010 here will probably be ali quite bare of stocks; many are already Ditto— J. Aron & Co 3,000 in that state. S. A. Levy 2,550 Ditto— Shipments sugai- Ditto— Comp. Paul. de Export. 2,500 of during the week havo been: Northern Ditto- S. A. Casa Malta 1,810 ports 3,195 bags, Montevidéo 500 bags, and New York 14,211 bags. Ditto— Cunha B. Netto & Oo.... 1,500 Ditto— Naumann Gepp & Co.. 1,500 Cotton. Entries have Ditto- S. Queiroz Lins & Co.... 1,000 to 22nd been 7,894 bags against 6,5'44 ...1,000 Ditto— S. A. Casa Picone bags last month and 15,879 bags last year for same date. The Ditto- Americ Coffee Corp. ... 1,000 market has been very firm ali the week, with offers of for Ditio- Nioac & Co 500 52$ Ditto- Nossack & Oo 251 58,378 first sertões and 47$ foi- medáunis only, at which prices a small business was done on 18th-Í9tli inst. and since then there have' INDIANA—Genoa F. Matarazzo & Oo. 3 been no transactions reported, as no further sellers can be found, Nino Paganetto 32 Ditlo—Consumption although since Ditto— Ä Comp. Puglisi 1 21st buyers have òfíered 48$ for mediums only, Ditto— „ Fernando Cretilla 1 37 but holders do not respond and it is generally expected that bids for this quaJity will before long be on basjs of 50$. as with largo HTJELVA-Seville Luciano B. Rodrigues 4,857 sales of mediums during the past month, the stocks of this quality have become much reduced and this balance is now in strong- AIMANZORA—B. Aires F. Lima Nogueira & Co. 1,100 Ditto — Comp. Paul. de Export. 1,000 hands. Shipnients during the week have been nil. R. A. Toledo 370 Ditto— & Co A local mill is oífering 53$ for first quality sertões and 48$ Kaphael campaio & Co. 257 Ditto— ., for mediums only, but so lar they have not Ditto— S. A. Levy 213 found any sellers. Ditto— Ennor & Co 150 Ditto— Baccarat & Co 100 Coffee. Buyers offer 16$50(j to 17$, but thero is not much 77 3,267 Ditto—Montevidéo S. A. Levy business passing. "ÜDINE-Genoa R. A. Toledo & Co. 10,638 P. DI CereaJs. Market with local buyers Ditto- G. Tomaselli & Co. 51 10,689 quiet. for consumption buying from hand to month only ás everything points to lower ere long. Milho LIMBURGIA—Amsterdam Naumann Gepp & Co.... 1,249 prices quoted 7$ to 7$500 per bag of 60 kilos Theodor according Ditto Ä Wille & Co. ... 4 to quality and entries of this article this month far Ditto ,¦ S. A. Picone 3 so Casa have been 5,453 bags Ditto—Consumption Casalta & Co 13 ali honW. grown. Beans. 21$ to 22$ foi: n*tto— Ä A. Diebold imports from south and 1 1,270 32$ t0 33$ lor the home grown article, of which about 1,600 bags have come to hand this month. Farinha DE SOUVILIE-B. Aires F. And. Junqueira & Co.. 200 entries of home amount to grown 5,275 bags this month and prices. are unchanged at 14$ to 15$ bag of 50 kilos RE VITTORIO—Consumption Nino Paganetto & Co.. 48 per and same quoted for imports of suitable Ditto— ., Miguel Cirillo 1 49 quality, but preference is now ali for the home grown article. ASIE—Bordeaux J. J. Figueiredo & Co.... Ditto— Ä ... Casalta & Co Weather. The week 13 has been one of rain and sunshine and «. nothing could be more KENN.EMERLAND—B. Aires A. Levy 322 suitable for our growing crops. Ditto— Ä Raphael Sampaio 149 Ditto— ., R. A. Toledo & Co. 92 563 Freights. There is no change to note in berth rates but cargo daily -... gets scarcer. The *.s. Merchant is CIMBRIER—B. Aires Sundry shippers 810 due from Liver- Ditto—Amsterdam poo at end of the month and Sundry shippers 2 812 if cargo can be gót she will load back to same The port. s.s. Spéctator, which brought a cargo Total overseas — of coal from South África for 134,267 the TttmWay Co., has left in bailas, for Galveston, U.S.A. The s}s. Francis loaded here 3,066 bag« fllÉ I June 30th 1920. WILEMAN»S BRAZILIAN REVIEW 047 sugar for New York and s.s. Rembrandt 11,145 bags for samo and transport falling 50 cent destination, and s.s. per below normal. Singapòro has Almanzora took 500 bags for Montevideo. had to make forced sales at very low prices. Yet Londou lias Exchange round hopeful speculative buyers who opened for collection on 19th rushed prices up. and for a at 14%d, with l-16d short time made it look Jess in Ultramarino and at like a good time coming. But the false- close was weak at 14 5-16d, with ab- ness of the solutely nothmg position was ali too apparent, and a collapse doing from takers. 20th, Sunday. 21st, collec- quickly tion at 14 5-16d, with ÍS th° Se"Se of talki"K "f « scarcitv oí banks later offering 14 3-8d for business, rubber?To' Jhme spot but none The 25,000 tons in warehouse are, niateriahsed. 22nd, collection was it is true. mostlv ear- at 14 5-16d, with marked against sales for distant only 14 l-4d m American bank. but after position, showing a profit on the Rio news came to hand co.-; of carrying, but they banks showed more desire exi.st. The rubber is not in the control to draw and offered freeiy 14 3-8d, of the hoiders without of the forward contracts, and can finding money. 23rd. collection at 14 be used as a "without 3-8d, with 14 5-16d hammerhead to knock the market and market c,osed «nn, sideways just as soon as it is li tW1"0 takers at 14 7-16d worth while to take the 24th, holiday. 25th, risk and give the blow.-< —Tlie S. Paulo market closed ou lst July (30th June not to 28$; ditto, fair, 22$ to 24$ jeoloured, 24$ to 25$ ; manteiga, aVâiláble), steady, with S. Paulo raw spot superior nominal and 23$ to 25$; fradinho, 22$ to 29$; white, 20$ to 24$; enxofre,, good conímoii quoted at 56$ per 15 kilos, as against ali spots (yellow) 26$ to 30$; amendoim, 24$ to 30$; mulatinho (brown) nominal ou previous Wednesday. 17 $500 to 18$. Options elosed on same day at following prices, per 15 kilo ^: —The S. Paulo market closed on 30th June quiet with spofc VS. Paulo comnioh, July, 5o$200 huyers and 56$100 sellers; dry season mulatinho, good, doar at 13$500 to 14$ per 60 kilos; August, 56$800 and 57$300; Sept, 57$200 and 58$; October, other spot qualities not quoted. 57$2O0 and 57$500; Nov, 56$300 and 57$300; Doe, 56$100 and Options closed on same date a.s follows, per 60 kilos:— 57$400 respectively. mulatinho, dry season, new. clear, August, buyers, 13$50O and sellers, 15$; Sept, buyers 13$; Oct, buyers 12$ÒOO and sellers —The Liverpool Market ruled dull on 30 June, with prices 14$800; other months and.qualitiss not quoted. ofubted as Follows, per lb:— 30 June,'20 30 June'19 Detailsd Statistics of Beans., Rice, Cocoa, Meat, Hides, Pernambuco and Maceió fair 29.91d 22.84d Manganese and Tobaccoc will be publisíiéd in our next and subse- American fully middling, spot 27.06d 20.74d quent issues. Ditto, July options 23.86d 20.26d Ditto, October' 22.37d 19.65d RICE —The New York market clo-ed on 30th Juue (steady, at foi- Clearances overseas of rico at the ports of Rio and Santos lówing prices, per 11).:— during tlie week ended 30th June, in bags of 60 kilos, were as foi- 30 Junc,'20 30 June'19 Io ws:— American futures, July 37.8()e 23.90e From Rio de Janeiro: June26, s.s. Dominic, Hamburg, Ditto, for October 33.16c 23.63c Herm Stoltz & Co. 1,500 bags; 26, s.s. Kennemerland, B. Aires, Cia Commercial Hollandeza, 600 bags; 27, s.s. ThoAvald Halvorsen, Cotton Seed. There were no clearances overseas at either Hamburg, Eugen Urban & Co. 1,048 bags; total Rio, 3.148 bags. port of Rio or Santos during the week ended 30th June. From Santos: June, 26, s.s. Almanzora, B. Aires, João de —The Paulo not S. Market closed on lst July (30th June Siqueira & Co. 4,850 bags; Nossack & Co. 1,400 bags; Andrade available). with prices not quoted and no enquiry for export. Junqueira & Oo. 1,000 bags; Herm Stoltz & Co. 1,000 bags; Cof- fee Export Ltd. 500 bags; Marques Valle & Co. 500 bags; Ra- phael Sampaio & Co. 350 bags; tota Available 132,013 Total for the week 3,148 14,308 17,456 Deliveries during the same week 30,833 Ditto, month of June* 11,868 205.910 217,778 Ditto, 1 Jan. to 30 June 1920 .... 123,:260 768,463 891,723 Stocks on 30th June, 1920 101,175 Ditto, 1 Jan. to 30 June, 1919 .... 135 23,523_ a 23,658£ Ditto, 2nd July, 1919 106,132 £ F.O.B. value for the week 7,946 36,113 44,059 The movement at Rio de Janeiro for the month of June, in Ditto, month of J;me* 29,955 519.717 549,672 bags of 60 kilos, was as follows:— Ditto, 1 Jan. to 30 June, 1920 347,609 2,038.415 2,386,024 Stocks on Slst May 103,311 Ditto, 1 Jan. to 30 June, 1919 .... 365 55,793 56,158 Entries during June 74,761 "Subject to alteration. Full and revised statistics of ex- ports for the first half of the will be Available year püblished in our next 178,072 issue. Deliveries during the same month 76 897 —The Rio Market closed on 30th June firm at following quo- tations, per 60 kilos:—Brilhado, lst, 47$ to 49$; ditto. 2nd, 47$ Stocks on 30th June, 1920 101,175 to 48$;. specal, 45$ to 49$; superior, 45$ to 46$; good, 43$ to —The 44$; fair, 40$ Pernambuco Market elosed on 30th June paralysed, but to 41$; white from north, 41 to 42$; rajado, ditto, with prices quoted as follows, per 15 kilos (unaltered as compared 35$ to 38$; split rice, 30$ to 32$; sanga, 35$ to 38$. —The with the previous AVednesclay) :¦—Third sort, 15$; somenos, 13$; S. Paulo Market elosed on lst July (30th June not brutos seccos, 10$; other qualities, not quoted. available) with spot agulha cleaned and in husk firm, Cattete ditto, weak; There seems something radically wrong with the movement and quoted as follows, per bag of.60 kilos:—Agulha, cleaned, superior, of entries and stocks at Pernambuco and until revised figures are not quoted; ditto good, 32$ ditto, fair nominal, ditto, second available we will süspèhd publication of same. or split rice, .23$ to 24$; agulha in husk, good 20$ to 21$; Cattete, cleaned, good, 28$; ditto, fair, nominal; ditto. second or split rice, 22$ to 23$; quirera, 17$ to 17$500; Cattete^ BEANS in husk, good, 19$. •< . Options closed on same date, with rice in husk quoted as M- There were no clearances overseas of beans at either port of lows, per 60 kilos:—Agulha, July, 23$200 buyers and 23$700 sei- Rio or Santos during the week ended 30th June. lers; August., 21$800 and>22$40O respectively; Sept. 21 $,550 buyers —The Rio Market closed on 30th June steady at prices which and 22$500 sellers; October, 21$ buyers and 21$600 sellers$ Nov, were as follows, bag of kilos:—Black quoted per 60 superior, 26$ and Dec. 21$ buyers; Cattete; July, 21$800 sellers. - : ••' \- u.i . JulyiMiifàéàÚteoi, ÍVILEMAN'8 BRAZILIÃN RE YJE W 949 on-; MANDIOCA MEAI, Per Destination:— . TotaJ Toial- °VerSeaS novtrr/p^1,6 rcClearanCeS °f "iandioca meai at either Itajv H'JO 8a'-t0H 1920 1919 poits of Rio and Santos during the week '» —lhere ended 30th June UnLd Kngdo,n ;. J5S _ 4,313 is absolutely riothâg doing íor export. Egypt ¦__ ,XZ} 2>MÔ France GOOOA S>21r>— ² 1,0,38 June-192°- *i8i ::2om> Dltt^W \lT-'m uM iSb accoiding to niantfests received 1919 4,895 during the week ended 30th Jurie 11,328 16,223 - m bags of 60 kilos, 'were Exports of frozen beef as follows:— (quarters) at the two ports during the B2l"'a;, •íUne' fnst six months of the current 22' S'S- Kr°np- Gustav AdoIf. Malra-o, year show increase 8,178 tons or 3,000ÍOnoT1 bags; Stockholm m Per cent. as compared with 200 bags; Gothemburg, 10O bags; Güristí^ same period last year, accounted nia 500 bags; total for by shrinkage of.714 tons K. S. Adolf, 3,800 bags; 22, s.s. Freneglos. from Rio, but increase of 8,892 tons B Aires, Sundry shippers, from Santos. 2,121 bags; 20, s.s. Almanzora, B. ShlPPerSj 1)20° bagS' 25> s's- Maasland, B. Aires, 1.000l nna\ bags; 7,Montevidéo, 't "• °r 43'4 200 b,gs ; total Bahia, 8,39] &£ per cent- of {otal «l>orts> Mlow™ hy the Cia.r Mechanica, e Importadora de S. Paulo with 9,624 tons or 39.4 per cent. and the Braziliãn ¦ B Port of Origin. Meat Company with 4,181 tons Destination Rj0 or 17.2 per cent. Bahia Total Of total exports from the two tj Bags Bags Bags ports íf 24,401 tons. 18,993 tons üuenos Aires 4,521 4,521 Malmoe the U Emedom and 4,126 3,000 tons or 16.9 per cent. to the IT. King- Christiania 3,000 dom for orders. iVilJ£ Stockholm 500 500 Gothemburg 200 200 .. Pork and Offal. There were no celarahces at either 100 100 Kio or Santos port of during the week ended 30 June. Total for the week 8,321 8,321 Ditto, 1 to 30 June* iqq 29,162 29,262 Ditto, 1 Jan. to 30 June, IiARD 1920 l 105 280,640 Ditto., 281,745 1 Jan. to 30 June 1919 ...... 11,793 463,41'5 475,208 Clearances overseas of lard at the ports of Rio and Santos C £ W F.O.B. value for the e"ded 3°th JUn6' " t0nS 0f week _ 43,336 tZí:l ^ '»!-. — as Ditto, 1 to 30 June* V531 ,43,336 151,876 152,4Q7 Froin Rio de Ditto, 1 Jan. Janeiro: June, 26, s.s. Dominic, to 30 June 1920 .. 6 690 Hamburg 1,642.494 1,649,184 Herm Stoltz & Co. (16 cases) 1 Ditto 1 Jan. to 30 June 1919 ton valued at £112. *Subject ..'.'.'.'. 60^890 2,090,616 2,151,506 to alteration. HIDES MEAT °f hÍdeS a* *1,C P'°rts of Ri0 a'"l Santos d^7nW\meT?dunng the week ended 30th ff «• RI*»*"** June, in uhife and tons of 1,000 kilos of Rio^nd r^ -erséas „t the bort» weie as tollows:— th6 Week ended 30th J™e> ™ tons of From Rio 1,0001 omV kilos, weredm*mg as folloAvs:— de Janeiro: Jnne, 29, s.s. Newton, Pan^enean New York From Rio de Hide Co. 4,000 salted hides 123 Janeiro: June, 29, s.s. Príncipe di Udine, tons mMí Genoa, Braziliãn Meat Co (790 quarters) 55- tons. CleTnCeS at the tW0 for Port ef origin íkM^K P°rts the month of June Destination:- Rio gantos ^ SaIted "ÍdeS' 35i ** -"-1 £32 00 ™, t^T\12/55d6S; ¦*, "3 t0nS' Valued at £2°.289; toW, Q x A t , Tons Totls Ton- June,J,nt 20,ooo20 ÍS hides,, ti467 tons, üenoa, total for the week 55 r_ valued at £59 289 Total, mc^ of Jime reVÍ'Sed statistics for the month •-•• P 5 A 5 ^ fÍrfa'e'~Wl f? 0f June and Ditto, 1 Jan. to 30 June, yeai'wm he 1920 ... 4,181 20,220 24 401 it -bM,ed;" Ditto, 1 Jan. to ;l6 m ii™f ^— 30 June, 1919 ... 4,895 11,328 16*223 £ F.O.B. value for the week 3,746 __ 3746 Ditto., month MANGÀNESE of June* 3,'746 360,480 364,'226 Drtto, 1 Jan, to m j^ 1920 ^^ There were ^^g 1;862757 no clearances of manganese ore JJitto, 1 Jan. to 30 June 1919 ...... 308,119 at any of the *Revised 696,056 1,004,175 ports of Rio Bahia and Santos during and corrected. the week ended 30th June Full and revised statistice of clearances Clearances for the from for the month of June year, 1 Jan. to 30 June, 1920 by and fu-st 6 months will be shippers and published in our next issue. Total destinatons:— entries for 6 month will likewise be given. Port of Origin -The niovement at Rio de Janeiro for the week ended Jnne, in tons 30th RioTons Santos Tons TotalTons TotalTons of 1,000 kilos, was as follows •_ , Stocks on 23rd June Shippers:— 1920 1919 Entries during the week '"" Z')'^ Continental Products Co. ² 10,596 10,596 6,255 o,402 ~ Cia. Mechanica e Import... .— 9,624 9,624 5,073 Available ... ,~ '-L. 4,181 2,781 Braziliãn Meat Oo 4,181 ülearancesn, ;•• 168,230 during the same Âveek 1 Cia. Braz. & Brit. de Carne ² ;'¦*_ ^_' ' 2,114 Stocks !Jan:'-30 on 30th June, 1920 (approximate) .. ifeío Total, 1 June 1920. 4,181 20,220 r 24,401 16,223 Dato, 2nd .i„iy,:i9i9...:,..:... ..':;:...::;;; 1;|| 950 WILEMAN'8 BRAZILIAN REVIEW. June 30th, 1920. i The movement for the month of June was as follows:— and Argentine and European buyers are out of the Stocks on 31st May 167 pr_ctkcally~ 991 iiHirket. Fair quantities are Stocks on 30th June, 1920 (approximate) 168,230 .. The Freight Market. There is very little change to report. The Ditto, 30th June, 1919 178,075 market continues weak .witli" no imniediate signs of cargo, though Sept. to Dec. loadings are expected to be fairly large. Entries for the month a litte more than convered clearanecs;' Rates are, as we .said before, very weak, with lower tehdency. The amounting to 38.839 tons as ag_ n .. 38,600 tons shipped. Stock,-» U.S. rate is unaltered at $0.90 to $1.00 per bag, but parcels a|-'e still are reported as having heavy, but are 9,845 tons less than this time last year. been booked at 60 cents. ¦ European Etnr.es for June werê larger and amounted to 38,839 tons, rates also resemble milk and water, and £3 per 1,0QG kilos lias bb against 26,790 tons for the previous month and 31,471 tons for been actually booked for Hamburg. There is no cargo offering, and rice, June last year. Clearances were smaller, 38,600 tons, as against which was the only bright spot in the market up to a short 70,600 tons and 8,000 tons respectively. while ago, is stone de. d, due to the poor quality of the new crop. There have been some enquiries H ' for rice for West Coast of South África, for which the Royal Mail offers space at rates TOBACCO given in another eolumn, with transhipment at London, Liy- erpool and Las Palmas. Clearances overseas of leaf tobacco at the ports of Rio, San Outports are showing moro signs of life, and Bahia has booked tos and 2,000 Bahia, according to manifests received during the week tons of cocoa and tobacco for Europe. Crops are ready to week come ended 30th June. jn tons -of 1,000 kilos, were as follows.— down, but railway transport is difficult and congested. From Bahia: Rio Grande June, 22, s.s. Freneglos, Montevideo, )2,125 has been shipping frozen meat and should have bales) 148 tons; some 7,000,000 ditto, Buenos Aires, (4,262 bales) 294 tons; total cases of canned ment to ship, in accordance with Fregnelos, the contract (6,387 bales) 442 tons; June 20, s.s. Almanzora, B. with the British Government, which seems somewhat Aires. bales) 155 delayed. There is no (2,250 tons; total Bahia for the week (8,637 change in Pernambuco berth rates, but baios) 597 tons. cargo is reported as getting daily scarcer. European congestioiis Port of origin port are reported to be generally better and in the Rio Santos Bahia Total U.K. improving but slovvly. Outward U.K. cargo is looking up Destination:— Tons Tons Tons Tons well and promi.es to improve considerably when home- Buenos ward fre.ghts improve. Aires _ _ 449 449 At present there is. naturally, no induce- Montevideo ment to send — j4g ,.g out ships. The Plate market is very weak and the rate for heavv grain Total for the >s .Os'. The Santos-Plate market week 597 597 is still active and two steamers Ditto, 1 have booked 20,000 bags to 30 June* 6 3,193 3,199 rice for that destination Ditto, 1 Jan.-30 June 1920 43 2 8,159 8,204 Ditto, 1 Jan.-30 June 1919 1,038 336 Royal Mail.-The 15,279 16,653 next boat t0 lpad at Bahia will take 2,üO0 £ £ £ tons of cocoa and tobacco £ for Europe. The s.s. Pardo left U.K. on F.O.B. value for the week — 49,087 2b June with a small 49,087 cargo for Rio and Santos and on return will Ditto. 1 tó 30 June* 960 262,535' load complete cargo 263,495 of fròzen meat. The s.s. Monte Rosa, under Ditto, 1 Jan.-30 June 1920 6,714 146 management of the Royal 747,876 754,736 Mail, will likewise take * full cargo of Ditto, 1 Jan.-30 June 1919 169,386 Sw.ft s frozen meat, 60,112 1,205,307 1,434,805 tongues and oil from Rio Grande do *Subjéct' to alteration. U.K., Sul for in ali about 2,700 tons of 1,000 kilos. >.tt__ The next boats to load —The at Rio and Santos will be the Radnor- Rio Market closed on 30th June firm, with shire and Taniar. The Silarus prices quo- will leave London outward on 9 July ted as follows. per 15 kilos:—Rio Grande, Sambre, yellow, lst, 26$ to 28$- Lisbon on 15 July, and .Segura London cl.tto.2nd, 24$ to 26$ on 5 August. Àll ; ditto, cominon. 22$ to 24$ ; ditto, comnion,' ° ^ G''""de d° 2nd, 20$ to 21$; -!_ SU' a"d the Tam- ^ P«" Bahia running lots. 28$ to 34$. nambuco.______lhe Avon will?" a8amao-im r._U _+ t?_ n ^ ¦¦-. ,p~The,hrrwa,dP ' rcaii at Rio Grande on her next •._... : i,asseug<"- tra«-* *****h 23 be,be _ha a,. now ava.lable for end,.Aug, _t. The . ,. Atóa.sóra CLEARANCES be the _ Ml OF SUNDRY PRODUCE first ship to have berths opev. Durng the week ended 30th June, 1920 Banana.-Frni Santos.—June, 30, s.s. Kennemerland, B. -The Brazilian Aires, 15,172 bunches; June 29. s.s. Fort s.s. Santarém, whictí arrived de Souville, B. Aires. W at New York 19,629 bunches; June H.™ m., 31, hac. 22 átotevay. 26, s.s. Almanzora, B.. Aires, 6,168 bunches; on boa.d, of wh|_3 Ü vomen. fhe 1\up, wluch total for the week 40,969 bunches.; ditto, month was formerly the German of June, 179 918 » now n, s.s. Eisenach bunches; ditto; ] Jan. to the sertosof the Feeneh T&Míia^ue year. 30. June, 1920; 1,379,919 bunches, -Advices line. ' ali for the Plate. from Norway state that war measures taken in —Cotton 6p 1914 Seed Cake—From Santos:—June 28, s.s. Auldguth, P,'°hÍbÍti"8 ^'" » __ 1 Denmark, nla .1TfrnbGTnnne"t 46,620 bags with 2,331 tons, shipped by H. Carlborn. —Cotton Seed Oil—From Rio:—June, 26, ^ s.s. For tde Sou- vil'e> Aires, Hermanos ^mmzismmmyi % Barcellos, 42 tons> mm-'°-™ m they be in_pectod by thèm *'*" W. The Santos Cereal Market.. .AVith the exception of rice,' for Coast „f which the demand has been m^M^^MS&umhlA chiefly for the Plate, the Santos _9_ _:_! +_. _•. o . _i ' (workedU_;*5rt nnd rouo-h cereal market continues paralysed. Extra rice is very much quality spught after at practically any price, but there is a scarcity of the article. Argentina has bought large quantities of .rice. at Santos ' but .. during the last few For through *' ^ a11 *&&» -weigbi months, and would continue rát W i to buy on a still greater scale were best quality obtajnable, price being; no ob_taeíe_ Rice às coming vi_ Las Pahnas, 20 S^ifiSífc):«. M Per ton; down in fair quantity, but is per to_ T_,T quality below standard for .exporfT ¦ar hnt a ^'.^fi^^^f**. July 7th; 1920. WILEMAN'S BHAZIlilAN REVIEW 051 B o o th i_ii_isr_B I , LIVERPOOL ROYAL MAIL LINE OF STEAMERS TO THE NORTHERN PORTS OF BRAZIL ANO IQUITOS (PERU) "™ REGULAR"""• """=. AND FAST SERVICE OF STEAMERS BFTWFPv ;ts_55» «sw Sr™- - «- ; í»..;,(;:-c æ ALSO 1J Ifi __»W_ãB__5 IN wum 4 uu. (IíUJNDON) LTD., Maranhão^M^^m^m BOOTH & CIO (T n\rnm The Argentina Freight Market. (-Times of Argentina," 23 ton wh,ch was June.) Berth ratos se.zed by the United States at the same are purely nominal, the only reaííy active time as market bemg that for Antwerp. for which Payi"S the Said mI°e™y compensation port several liners are "or tt''T€+"S °fÍT th° vessel,S° bertned. The rate demanded s,ncG May 11, 1918. The vessel™* is still £4, but we may mention that for- one agent, anx.ous y °f *'" TJ"Íted Aust™" to fill up in a hurry. has accepted at SlSe tyf Navigatibh Co of We £3 lis 'th 5 tra"sm°8ri«^ cannot consider this bunness, however, to into an í_fl_ c0„ er„ give a real indica- undein W the name otri')0e" «Consulich," tion of the market. For Grq,t which is that of the Britain we have heard of no busi- ™ nnder managing ness and we expeet both tbe old and tbe new regimes. to hear of none until the rates are lowered As farZ3ft_ considerably. For Europe some little business has been trahsacterl 'qoo- at the rates quoted in our tabular statement. ItaIian Don,iíany the ™m The U.S market tonC t,!„than tthere rn,',g rr X-an ¦¦" has been fairly ,s for actnig likeudse with the active, though there appaers to be more space than property of any demand for same. We may say that agents are asking $12 for the armistice. maize other cargo The Martha Washington proportionately, and shippers do not pce was one of the few cnned seem in- Vf' «"* to operate more than $11. --d for theteaS fhTrhat on thTthe eve ^X^of the declaration . The Bnazilian market is inactive and of war with Áustria, most of over-supplied with ton- he Anstnan boats ,„ nage now that shippers American ports' were sold to of wheát and flour are hardly interested. Americans Space hy ¦•»- is offering at $8 per ton and the the shippíus Boa,d »- coasters have great dlffi- beTn0been soldohTonTbtakon on the mstaUment ;rr ^ cuity m obtaining this rate. plan to local shipping concerns. ¦ * > U.S, Freight Market. The week closed with a steadily recedmg u^rket, rates in ali directions being quotably weaker. PP,ng P°"'Cy- Tl'0re •''PPeí"-« I he demand bef„™ N T, ^fc t« be a bill principal is still confined to the coal trade StatflS COnSreíS' °"e absorbed which has Ha"s" of «'hich exempt, the majority of the fixtures reported. Anericl .í"ted Not only is the fl'0m 6XCeSS profits taxatio»' for a general tendency bearish, bnt no relief from pèrtd'of IP lPP,n8yea,'S "^TPa"'?S an°ther this «itnation appears CkuSe provÍdes that ^ays were hke y for some t.me, as the coal supply tol f, °W6Í 'ateS "'r which, in the last analvsis 'l'Sht f°r g°0ClS *° "6 ex*°ned » is the key to the im.rket, cSfvle Amcr- appears to clwindlé steadily instead "e"' U"lai1' c°mPOtition moreasang. .? • ¦ of with which British T]w oxt!„me ^-^ of coal and otherX! shapownersV andÍ'S merchants ^^ ^ are threatened, would it not and ,_ now nndonhtedly e ad ble t0l. tho chief factor to reckon with i» aceoünting Great ^ íoi the drop in rates. Persistènt rumours to the effect that a coal embargo is forthcoming were again ,ery much to the fere C,Uart€1'S ni°h a" *venti,ility is expected ln^et-,most dady. IfT?S0?e ,t does L<,nd°n CHar8eS- come, it nn3nesti.0na.bly wonld ambnnt The POlt °f L°"d"" Authority | °A strop,e' noticenoti^tL0/ that in order to meet give for B'it'!out coal to <<"•»•'«"»« «»i« the cost involved in and incidental lwfi',da ' ^v" 'S ^ si«e. It is obviona that *fGthere;"bí' * e™nÊ ill be made in the exiating tariffs ?e,leral ^^^üsiness available to take care of docks and warehouse dues ot the ^Jtonnage offering, * '°m since even the regular berth liners Ma}' 10tU' ^ d6ck «d bw compelled are I chi:"'", — hon^ to take part, and not infrcqnently fnli, 15° 1>e'' Cení ''"'toad eargÔés Óf XXXXXXTZcent, »8 at reT?Zr°AÍ- of 8S per «P -av. Tonnage present; dock dues and other charges »nm fe: has been blfering on vessels (excent rent^ staadSln^d y d„r,ng the weekfÜ? and vo,y and lighte,,, 100 few freights l„vc bcea allowed per cent instead of 85 27XeX "*,,1 at present; dock due, ¦f'Xe:t^íS ""«íí.aí tà»e, charterers on véssèls in Glass 1 Ut'as '^ PüH ^"O.0 «lo-», 7.50 di». Bneno, "f »|S! «mate a Aliesm0P%Jt°MB La Phta ,í#' ^aoi; tetctIha"hngC"S A°"d«" ,„„ or Montevidéu, $14.00, 1300Ü dis.-"Nf,utious;'í ozix truiie: '• *—¦/.»•-)* Í.IVIi ¦ Wfihihít0rt-, "Niot-c^." / .?•( QUANTOS SOMOS? thatthát1Üh^S:^ha (New York) says he Senate Comnuttèe bn'Foieign lielation, has pendin„ be- DOLOROSA tór the INTERROGAÇÃO!... Íl |ÍÍ«l«|f pprpÓse _ tnlm. Martha l^^oÉlft^^oi**^^-! Washing- FAÇAMOS O RECENSEAMENTO. Mi- : iw iri.bi.1 i.id n 952 WILEMAN'8 iBRAZ1L-_-IM REVIEW; July 7th, 1920. BOATS LOADING OR EXPECTED TO LOAD COFFEE AND/OR CEREALS AT THE PORTS OF RIO DE JANEIRO AND SANTOS. TTJLY Brd, 1920. Port of Rio. Santos. Space Space Name—Flag—Date sailing—Destination offered Engaged offered Engaged Freight rate For the United States:-- Bags Bags Bags j- Bags Bernini (Brit.) July, New York 50,000 10,000 $0.90 Bruyere (Brit.) July, New York ...... 45,000 7,000 10.90 Hubert (Brit) July, New York 10,000 30,000 3,000 $0.90 Glenaffric (Brit.) July, New Orleans 50,000 21,000 $1.0 Glenshiel, (Brit.) end July, New York ... 50,000 21,000 $0.90 Justin (Brit.) July, Now York 10,000 50,000 18,500 $0.90 Manchurian Prince (Brit.) July, New York 15,000 11,000 70,000 40.000 $1.00 Sark (Brit.) July, New York .'. 25,000 $1.00 Tabor (Brit.) August, New York 30,000 $0.90 Tennyson, (Brit.) July, New York 10,000 $0.90 Vasari, (Brit.) July, New York 10,000 7,000 $0.90 Ooskata (Amer.) July, New York 55,000 $1.00 Cowboy, (Amer.) July, Boston 45,000 45,000 p Easterner (Amer.) July, New York 7,000 5,000" $0.90 Huron, (Amer.) August, New York 10,000 $0.90 Martha Washington (Amer.) July New York 10,000 $0.90 Canada Maru, (Jap.) July New Orleans 10,000 4.000 60,000 55,000 $0.80 Tacoma Maru (Jap.) August, Havana and N. Orleans. 10,000 $1.00 Total, United States 102,000 27.000 560,000 210,000 For Europe:— Dunstan (Brit.) July, Antwerp, Rotterdam, Hamburg 10,000 ² 30,000 ² £8, £9 and £7 Siris, (Brit.) Dakar, Antw'p, Rotfdam and London... 15,000 70,000 ² ² £8, ,£9 and £7. Somme, (Brit.) July, Rotterdam and Hamburg 10,000 10,000 ² ² £9 Aquitaine, (Frch.) August 20,000 4,000 ² ² 550fcs. and 10 per cent. Cassei (Fch.) July, Dunkerque 10,000 _____? Belle Isle (French), July, Bordeaux 10,000 ² ² B 550fcs. and 10 per cent. Fort de Troyon (French) July, Havre 10,000 B 40,000 ² 350fcs. and 10% Dupleix July, Havre (French) '.'. 10,000 8,000 40,000 ² £7 and 10 per cent. . Liger, July, Bordeaux 10,000 8 (Frch.) 000 B B 550fcs. and 10 per cent. Plata, (French) July, Marseilles 15,000 u>mo __ B 550 francos. Samara July Bordeaux, 10,000 8,000 ² ² SoOfcs. (Frch) and 10 per cent; Erinier, (Belg.) August, Antwerp 10,000 B 15;000 £9 Campinas, (Braz.) July, Genoa ² ² " " ? *Kerkenna, (Amer.) July Hamburg 10,000 B 30í000 __ £9 *Kerksan. Ri,0j £7 Santos (Amer.) July, Hamburg 15,000 B 300qq 5000 £9 Ri0j £7 Santos< Kénnemerland (Dutch) July, Amsterdam and Rotterdam 10,000 B 15j000 B £9> GaaSterland (Dutch) August Amsterdam and Rotterdam 10,000 B 15j000 £9. Hollandia (Dutch), August, Amsterdam and Rotterdam ² ² 15,000 ² £9. Kentucky (Danish) July, Hamburg and Copenhagen .... ² ² 40,000 ² £7 and 250crs& 10% reb. ² B 10,000 ² 250 Martin Saenz, (Span.) July, Spanish ports pesetas and 5% Pvingborg (Scand.) July, Havre. and Hamburg 10,000 3,000 30,000 ² 330cs. and £7. .Vibory (Scand.) July Rotfdam, Hamb'g and Copenh. 10,000 ¦ _ B ___ £9 Moncalier, (Ital.) July Genoa 20,000 4,500 30,000 2,500 140$ Total, Europe ,.., 225,000 121,500 330,000 7,500 *Agents, E. Johnston & Co. Note.—Engagements comprise coffee and/or cereais and general cargo, ali in terms of coffee. Freight for cereais from Santos to Hamburg £6 per 1,000 kilos. Siris for Dakar, £7 and 5 per cent. per 1,000 kilos,. s.s. Erinier, and Siris for Antwerp £7; s.s.; Sirs, Santos-London, £7 and 5 per cent. Dunstan, Santos-Rotterdam, £8 per 1,000 kilos ••¦;.; IP : : ¦ i ..H-; ?f« ! f).r>fíf. •- í >'i"A''] b$ f>?':'¦¦'¦''"'.*.' 7-77 ¦ July 7th, 1920. WILBMAN'S BRAZÍLIANv-^EVIEW Arrivals at the Ports of Rio and Santos during the week HERNION, Norewgian s.s, 2726 tons, fiom Svdnev PEURHOS, British s,s,'2794 tons. from Buenos Aires ended July 1St, 1920. WESTERN HERO, Àmericáni s.s, 3439 tons, from Rosário GUADTANOR, Spanish s.s, 2370 tons. from Buenos Aires. Rio Santos Total PARANÁ, British s.s. 2689 tons, from Rio Gallego Flag No. Tons No Tona No. Tons MAGUNKOOK, American s.s, 2463 tons, from Rosarão British ..." 24 82,306 3 15,924 27 98,230 OSSINING, American s.s, 2968 tons, from Buenos Aires American 10 30,731 1 2,423 11 33,154 LLANGORSE, British s.s. 3041 tons, from Buenos Aires ITAPUCA. Brazilian s.s, 869 tons, from Macau French 16,107 3 13,398 7 29,505 MARNE, Brazilian 1500 tons, /— s.s, from Victoria Italian 1.2,773 3 12,560 / 25,333 PHAROUX, Brazilian .s.s, 104 tons, from Cabo Frio , , Norwegian 9,397 1 4,228 4 13.625 CORONEL, Brazilian s.s, 126 tons, from Ponta Areia Spanish 4,950 2 4,950 LUCANIA, Brazilian s.s, 207 tons, from Itajahy 43IDDONS, Braz, overseas ... 3,736 British s.s, 2650 tons, from Glasgow' 2 3,736 HERSHEL, British s.s, 3944 tons, from Liverpool Dutch 11.134 3 14,595 4 25,729 PARA, British s.s, 2605 tons. from Ro-ario Japanese 3,351 1 3,642 2 6,993 T MARU, Japanese s.s, 3351 tons, from S. Nicolas Swedish /. 3,037 1 3,037 CASTLEMOOR, British s.s, 2409 tons, from Rosário P. MURUBEN. Spanish Greek , 1,806 1 1,806 s.s, 2580 tons, from Bahia Blanea MORONDIO INGLESST. Grecian s.s. 1806 tons. from Rosário Danish 1,189 1 1,189 RRADFORD CITY, British s.s, 3177 tons, from Buenos Aires Inter-ally ² — 1.455 1 1,455 SICILY, British s.s, 2146 tons, from Romário P. Dl UDINE, Italian s.s, 4936 tons, from Buenos Aires WEST HOBOMAC, Total overseas 54 180,517 16 68,225 70 248,742 American s.s, 4679 tons. from Norfolk DUNSTAN. British s.s, 1865 tons, from Hamburg Braz, coastwise 18 21.844 15 7,721 33 29,565 VIBORG, Danish s.s, 1189 tons, from Norfolk MILDERSKEN. British s.s, 2556 tons, from Buenos Aires ! Total for week ... 72 202,361 31 75,946 103 278,307 P. CHRISTOPHERSEN. Swedish s.s. 3037 tons. fiom Santos ITAJUBA, Do, 24 June, 1920 46 99,575 29 48,391 75 147,966 Brazilian s.s, 869 tons, from Porto Alegre ; ITAPUHY, Brazilian s.s, 926 tons. troir Macei. Do, 3 July, 1919 . 49 113,872 20 36,759 69 150,621 MACAPÁ, Brazilian s.s, 1659 tons, from Para í STRABO, British s.s, 3171 tons, from Santos FORT DE TROYON, French s.s, 3152 tons, from Havre . ARDENHALL, British s.s, 2062 tons, from Rosário TABOR, Norwegian s.s, 2393 tons, Entries at the Port of from New York Santos, 5 months, January-May-.— MRAY, Itahan s.s, 2415 tons, from Bahia Blanea i No. Tons KOSSUTH, Italian s.s, 2322 tons, from Rosário Flag:_ 1919 1920 1919 1920 SJjNIED, American s.s, 2174 tons, from New Orleans -NATAL, Brazilian Brazilian 355 376 311,069 310,474 s.s, 1131 tons, from Rosário VASARI, British s.s, 6352 tons, from Argentine Buenos Aires 11 11 5,170 6,118 TENNYSON, British's.s, 2482 tons, from New York Danish 2 16,241 5,166 SAMARA, French s.s, 3772 tons, from Bordeaux French 24 45 88,168 182,328 DANIEL WEBSTER, American s.s. 6137 tons. from Las Palma» H1GHLAND ROVER, Spanish 17 8 31,472 British s.s, 4721 tons, from La Plata 16,082 OSKANA, American s.s, 3539 tons, from Dutch Hamburg 17 44,033 77,683 LIMBURGIA, Dutch s.s, 11134 tons. from Buenos Aires British 66 117 244,615 496,588 TRESSILLIAN, British s.s, 2309 tons, from Bahia Blanea . Italian 14 43 58,891 146,928 Japanese 10 9 37,707 34,443 North American 40 47 86,257 151,005 Norwegian 17 18 32,283 45,541 VESSELS SAILING FROM THE PORT OF RIO DE JANEIRO. Swedish 12 12 31,393 29,553 Sundry 12 6,703 27,498 During the week ended July Ist* 1920. .. PHILADELPHIA, Total 588 717 994,002 1,529,412 Brazilian s.s, 359 tons, for Porto Alegre MANAOS, Brazilian s.s, 651 tons, for Manaos DELFINA, Brazilian s.s, 2060 tons, for New York DERWENT RIVER, British s.s, 2983 tons, for Buenos Aires HANNAH, British s.s, 2321 tons, for Nantes KENNEMERLAND, VESSELS ARRIVING AT THE PORT OF RIO DE JANEIRO. Dutch s.s, 2587 tons, for Buenos Aires ITAPUCA, Brazilian s.s, 926 tons, for Porto Alegre ITAITUBA, Brazilian s.s, 926 tons, for Pelotas During the week ended July Ist. 1920. P. Dl UDINE, Italian s.s, 4936 tons, for Genoa THOR. HALVORSEN, Norwegian s.s, 4220 tons, for Christiania FORT DE French s.s, tons, from GUADIAMOR, Spanish s.s, 2370 tons, for Las Palmas SOUVILLE, 3156 Havre MUCURY, ALMANZORA, British s.s, 9441 tons, from Southampton Brazilian s.s, 585 tons, for Victoria HOLBEIN, British s.s, 3907 tons, from Buenos Aires CAPIVARY, Brazilian s.s, 371 tons, for Porto Alegre DELFINA, American s.s, 2060 tons, from Buenos Aires NEWTON, [British ,s.s, 4015 tons, for New York ITASSUCE, Brazilian s.s, 926 tons, for Mossoro BELLE ISLE, French s.s, 6027 tons, from Bordeaux LAKE HANNAH, British s.s, 2321 tons, from Rosário ELLIJAY, American s.s, 1658 tons, foi' Montevideo ITAMARACA, OSSINING, American s.s, 2968 tons, for New York Brazilian s.s, 949 tons, from Macau PEURHOS, DINA, Brazilian s.s, 292 tons, from Recife British s.s, 1658 tons, for Limerick GTTAJARA, Brazilian s.s,' 927 tons, from Para SisSW' Britisl1 s-s, 3207 tons, for Rio Grande CURVELLO, Brazilian Britisli s-s. 3944 tons, for Buenos Aires s.s, 3967 tons, from Santos ?.7.í?£JiEL' American MUCURY, Brazilian s.s, 585 tons, from Areia Branca V.™1^1^001^ s.s, 2463 tons. for New York Americai. s.s, 3439 tons, for New York SABOR, British s.s, 3227 tons, from Rio Grande WfS^J™110'LLANGORSE, ETHA, Brazilian s.s, 231 tons, from British s.s, 3039 tons, for Gihraltar Itajahy Int^-ally Pi AVE, Brazilian s.s, 1275 tons, from Santos í^'?;Ur«H-r?RENEY^ s.s, 3100 tons. for Gibraltar s>s> 2605 tons* for HELUMAR, Brazilian pontoon, 201 tons, from Florianópolis J^So&rSr1^11 St- Vincent NEWTON, British 4014 tons, tS^JBF/Í1^1^ s-s> 2322 tons> fo1' Gibraltar s.s, from Santos ALL< Bntlsh s-s> 2062 UBERABA, Brazilian s.s, 6321 tons, from Santos á&ÍSFf tons> foi* Gibraltar ITASSUCE, ^^N |nter-ally s.s. 2415 tons, for Gibraltar Brazilian s.s, 926 tons, from Porto Alegre J . MARU, Japanese s.s, SOMME, Brithh 3230 tons. from 3351 tons. for Antwerp s.s, Buenos Aires Swedish s-s, 2357 tons, LAKE TAGUNDAS, American s.s, 1612 tons, from À.í?^8.?^. for Buenos Aires Boston VASARI, Bntisn s.s, 6352 tons, foi' New York LAKE ELLIGAY, American ss., 1650 tons, from Gulfoport BRADFORD T. HOLOERSON, CITY, British s.s, 2178 tons, for Dunkerque Norwegian s.s, 4278 tons, from Buenos Aires SICILY, British s.s, 2146 tons, KOSSUTH TERENCE, Italian for Liverpool s.s, 3100 tons, from Rosário DUNSTON, British s.s, 1861 tons, for Porto CANADIAN SPINNER, British s.s, 3330 tons, from Buenos Aires Aieore LA PLACE, iBritish ?.S/DSRS1ÍIN' N°i'wegian s.s, 2556 tons, for Antwerp s.s, 4.458 tons, from Buenos Aires Brazilian s.s, 887 tons, for Penedo July 7th, 1920. 954 WILEMAN'8 BRAZILIAN REVIEW Jtc s.s, 3642 tons, from ^okohama tons, for Caravellas TACOMA MARU, Japanese CORONEL, Brazilian s.s, 725 Italian s.s, 4363 tons, trom Buenos Aires tons, for New Orleans RE VITTORIO, STRABO, British s.s, 3071 ASIE, French s.s. 4214 tons, from Buenos Aires ITAPUHY."GERAES, iBrazilian s.s, 926 tons, for Porto Alegre MINAS Brazilian s.s. 1643 tons, for Para AYMORE, Brazilian s.s, 243 tons, for Montevideo ROVER, British s.s, 4721 tons, for London HIGHLAND SAILING FROM THE PORT OF SANTOS. COSKLEMON, British s.s, 2404 tons for Las Palmas VESSELS INGLESSI, Grecian s.s, 1806 tons, for St Vincent MORANDES for Gibraltar June 24th, 1920. PEPITA MUNSHO, Spanish s.s, 2580 tons, During the week ended Norwégian s.ej 2393 tons, for Buenos Aires TABOR Amsterdam LIMBURGIA, Dutch s.s, 11134 tons, for ITAPERUNA, Brazilian s.s, 613 tons, for Rio Norwégian s.s, 2726 tons, for Montevideo Brazilian s.s, 825 tons, for Porto Alegre HERMION, ITAPEMA, T PORTLOE, British s.s, 2743 tons, for Gibraltar ITAUBA, iBrazilian s.s, 825 tons, for Rio KERKENNA, American s.s, 2337 tons, lor. Buenos Aires ESPANO IV, Spanish s.s, 2444 tons, for Buenos Aires ANNA, Brazilian s.s, 247 tons, for Rio ! for Penedo VESSELS ARRIVINC AT THE PORT OF SANTOS. ÍRIS, Brazilian s.s, 887 tons, MINAS GERAES, Brazilian s.s, 1643 tons, for Para s.s, 2228 tons, for Recife the week ended June 24th, 1920. BELÉM, Brazilian During SAN PATRÍCIO, British s.s, 7352 tons, for Buenos Aires DOMINIC, British s.s, 1893 tons, for Haniburg IR1S, Brazilian s.s, 887 tons, from Penedo FORT DE VAUX, French s.s, 3205 tons, for Buenos Aires from Pelotas ITAPERUNA, Brazilian s.s, 613 tons, PROCIDA, Italian s.s, 2435 tons, for Genoa KERKENNA, American s.s, 2337 tons, from Hamburg British s.s, 2486 tons, for Paranaguá Alegre HUBERT, ITAUBA, Brazilian s.s, 825 tons, from Porto AYMORE, Brazilian s.s, 243 tons, for Rio FIDELENSE, Brazilian s.s, 225 tons, from Florianópolis CAPIVARY, Brazilian s.s, 371 tons, for Rio DINA, Brazilian s.s, 292 tons, from Recife FIDELENSE, Brazilian s.s, 225 tons, for Laguna SAN PATRÍCIO, iBritish s.s, 7353 tons, from Tampico ITANEMA, Brazilian s.s, 553 tons, for Rio MINAS GERAES, Brazilian s.s, 1643 tons; from Buenos Aires ITATINGA, Brazilian s.s, 926 tons, for Porto Alegre FORT DE VAUX, French s.s, 3205 tons, from Hamburg S. DOURADO, Brazilian s.s, 515 tons, for Porto Alegre Grande DOMINIC, British s.s, 1893 tons, from Rio D. RODOLPHO, Brazilian yacht, 48 tons, for Tijucas ANNA, Brazilian s.s, 247 tons, from Florianópolis DINA, Brazilian s.s, 292 tons, for Rio SHAUME, American s.s, 3336 tons, from Mobile VECHT, Dutch s.s, 1186 tons, for Montevideo AYMORE, Brazilian s.s, 243 tons, from Montevideo CURVELLO, Brazilian s.s, 3967 tons, for Hamburg TTANEMA, Brazilian s.s, 553 tons, from Porto Alegre NEWTON, British s.s, 4015 tons, for New York CAPIVARY, Brazilian s.s, 371 tons, from Porto Alegre SKOGLAND, Norwegjan s.s, 1898 tons, for Paranaguá ITATINGA, Brazilian s.s, 926 tons, from Mossoró ITASSUCE, Brazilian s.s, 926 tons, for Rio S DOURADO, Brazilian s.s, 515 tons, from Rio ITAPACY, Brazilian s.s, 510 tons, for Pelotas COWBOY, American s.s. 1512 tons, from Buenos Aires ETHA, Brazilian s.s, 231 tons, for Para SABOR, Britisli s.s, 3227 tons, from Rio Grande ALAYDE, Brazilian yacht, 182 tons, for Florianópolis ETHA, Brazilian s.s, 231 tons, from ltajahy PIAVE, Brazilian s.s, 1275 tons, for Rio ITAPACY, Brazilian s.s, 510 tons, írom Aracaju CAROLINA, Brazilian s.s. 3070 tons, for Trieste ITASSUCE, Brazilian s.s. 926 tons, from Porto Alegre SABOR, British s.s, 3227 tons, for Hamburg OOLUMB1Á, Inter-ally s.s, 3209 tons, from Trieste CANADIAN SPINNER, Britisli s.s, 3330 tons, for Montreal C1MBRIER, British s.s, 2514 tons, from Antwerp UBERABA, Brazilian s.s. 3621 tons, for New York JAGUARIBE, iBrazilian s.s, 1003 tons, from Rio COLUMBIA, Inter-allied s.s, 3209 tons, for Buenos Aires PIAUHY, Brazilian s.s, 425 tons, from Rio During the week ended July lst, 1920. tons, from B.A. PEDRO CHRISTOPHERSEN, Swedish s.s, 3037 m.s, 16 tons, for Iguape 3282 tons, from B. Aires AMÉRICO, Brazilian MANCHURIAN PRINCE, British s.s, FLAMENGO, Brazilian s.s, 461 tons, for Rio from Aires INDIANA. Italian s.s, 3051 tons, Buenos ANNA, Brazilian s.s, 247 tons, for Florianópolis During the week ended July lst, 1920. ITAUBA, Brazilian s.s, 825 tons, for Porto Alegre ITACOLOMY, Brazilian s.s, 467 tons, from Imbituba ALMANZORA, British s.s, 9441 tons. for Buenos Aires ITAUBA, Brazilian s.s, 825 tons, from Rio SHAUNE, American s.s, 3336 tons, for Buenos Aires FLAMENGO, Brazilian s.s, 461 tons, from Paranaguá BRUYER, British s.s, 3156 tons, for Rio Grande ANNA, Brazilian s.s, 247 tons, form Rio INDIANA, Italian s.s, 3051 tons. for Genoa JEANNE, 'Brazilian yacht, 80 tons, from Tijucas P. CHRISTOPHERSEN, Swedish s.s, 3037 tons, for Rio ALMANZORA, British s.s, 9441 tons, from Southampton OYAPOCK, Brazilian s.s, 143 tons, for Rio OYAPOCK. Brazilian s.s. 143 tons, from Guaratuba ITAUBA, Brazilian s.s, 869 tons. for Rio ITAJUBA, .Brazilian s.s, 869 tons, from Porto Alegre STRABO, British s.s, 3071 tons. for New Orleans CERVENO, Italian s.s, 3261 tons, for Genoa P. DI UDINE, Italian s.s, 4936 tons, for Genoa P. DI UDINE, Italian s.s, 4936 tons, from Buenos Aires BELLE ISLE," French s.s, 6027 tons. for Buenos Aires BELLE ISLE, French s.s, 6027 tons, from Bordeaux HUELVA, Spanish lugger. 244 tons. for Seville PETER H. CROWELL, American s.s, 2423 tons, from Norfolk LIMBURGIA, Dutch s.s, 11134 tons, for Amsterdam FORT DE SOUVILLE, French s.s, 3157 tons, from Havre FORT DE SOUVILLE, French s.s, 3157 tons, for Buenos Aires KENNEMERLAND, Dutch s.s, 2587 tons, from Amsterdam ITAQUI, Brazilian s.s, 513 tons, tor Imbituba P. BECKER, Inter-ally s.s, 1455 tons, from Naples ITAPUCA, Brazilian s.s. 869 tons, for Porto Alegre SIRIS, 'British s.s, 3266 tons, frorh Rio Grande CAPIVARY, Brazilian s.s, 371 tons, for Paranaguá TREZ BARRAS, Brazilian s.s, 366 tons, from Rio PIAUHY, Brazilian s.s, 425 tons, for Rio CAPIVARY, Brazilian s.s, 371 tons, from Rio ITACOLOMY. Brazilian s.s, 467 tons, for Imbituba ITAPUCA, Brazilian s.s, 869 tons, from Macau ANLAGIRTH, Norwégian liai que, 1434 tons, for Frederikshaon: ITAQUI, Brazilian s.s, 513 tons, from Rio ITAIPAVA, Brazilian s.s, 613 tons, for Aracaju PHI LA DELPHI A, Brazilian s.s, 357 tons, from Rio PHILADELPHIA, Brazilia ns.s, 357 tons, for Porto Alegre LIMBURGIA, Dutch s.s, 11134 tons, from Buenos Aires ITAGIBA, Brazilian s.s, 927 tons, for Macau THOR. HALVORSEN, Norwégian s.s, 4228 tons, from B. Aires ASIE, French s.s. 4214 tons. for Bordeaux BERINNI, 'British s.s, 321 7tons, from Liverpool ITAITUBA, Brazilian s.s, 613 tons, for Pelotas HEELSUN, Dutch s.s, 874 tons, from Buenos Aires STELLA, Peruvian barque, 699 tons, for S. Francisco ITAIPAVA, Brazilian s.s, 613 tons, from Pelotas TREZ BARRAS, Brazilian s.s, 366 tons, for S. Francisco ITAGIBA, Brazilian s.s, 927 tons, from Porto Alegre RE VITTORIO, Italian s.s. 4363 tons, for Genoa ITAITUBA, Brazilian s.s, 613 tons, from Rio KENNEMERLAND, Dutch s.s, 2587 tons. for Buenos Aires;