Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-02-07
THE AMOUNT OF TRADE.

THE AMOUNT OF TRADE.
Figures That Show What Brazil Got From
Us Last Year-A Great Increase in Ex-
ports Confidently Expected-What New
York Exporters Think OF 1t.
As the bulk of the country's trade with
Brazil flows through New York, it will be a
particularly great thing for that city and
port. The Custom House statistics for 1890
show that the value of the exports to Brazil
from New York were as follows: January,
S351, ,065; February, S544, ,7G9; March,
1896, ,73O; April, S613, 1872; May, $780,
S44; June. S7OS,5ls; July, $780,
044; August, S472,671; September,
$50, O,4I9; October. SS29,552; November,
S6O4, ,529; December, S7sO,2iS. This made
total export last year from New York to
Brazil Of Sc, S79, SS1 worth of goods, while
the whole country only exported about
$4,000, 900 worth, and tine chief articles ex-
ported. according to the Custom House lists,
were kerosene oil, lard, -four, cotton cloths,
nails and spikes, wire, soap. butter, pota-
toes, lumber, furDiture, bread and biscuit,
candles, books and maps, marble, bacon and
onions. On the articles of chief export
there is still Brazilian duty. but it has
been reduced from the former exorbitant
figure by one-fourth, or 25 per cent.
The Reduction Articles of Export.
Albert Falcon, Secretary of the Sears
Commercial Company, has supplied DIS.
PATCH reporter with some figures illus
trating the reduction on exports. ."There
was general increase of Brazilian tariff
last November" said Mr.. Falcon, "but
this was increased further by decree a
month or so ago, that all duties must be
paid in gold, which is at a huctuating pre-
MUM. The exchange varies from 1917 to
2215 pence in a few weeks; it is calcul ated,
in sterling money, upon the standard of
1000 reis Brazilian currency. This fuctu-
alton makes calculations awkward, of
course, but the currency may settle in
course of time TO a fixed basis. The duties
upon articles now upon the free list, ac-
cording to the last Brazilian tariff were
chiefly as follows:
wheat free; wheat -four 10 per cent ad
valorem on a fixed Taluatiou OF 10 reis per kilo.
gram, corn. 10 per cent ad yalorem on a valua-
ton of reis per kilogram; Corn -four, 80 per
cent ad valorem on valuation of l20 reis per
kilogram; rye, 10 per cent ad valorem on a val
uaton of 20 reis per kilogram; potatoes, beans
and peas. 10 per cent ad valurem valuation
of reis per kilogram; pork, 10 per cent ad
valorem on valuation of 40 reis per kilogram:
dry fish, 10 per cent ad valorem on valuation
of 20 reis per kogram: canned fish. 30 per cent
ad valorem valuation of 800 reis per kilo-
gram; turpentne, ~ per cent AL valorem on a
valuation of 40 reis Per kilogram; rosin. 10 per
cent ad valorem on q valuation of D reis per
kilogram.
Some of the Duties Before Reduction.
"The old duties on the articles reduced by
% per cent were chiefly as follows:
Lard 20 per cent ad valorem on a valuation of
l2O reis per kilngram; cotton clothing. as high
as 30 per cent ad yalorem Der 1000 res: stockings
30 per cent upon valuation of 2 900 reis per
dozen; shirts, 30 per cent upon a valuation of
$500 reis per dozen. On some drygoods the
DUTY was as much as 80 per cent on a high yalu.
alton, while on different qualities of oil, ma
chinery and naval stores it was very heavy
The method of calculating those reductions OF
duty will now be not 10 take off % per cent of
the dutible rate as for instance l6 instead of 20
per cent upon lard; but to lower the valuation
by 25 per cent, and calculated lard, for instance
at 20 per cent on valuation of sc reis per klo-
gram instead of valuation of l2O reis.
"The treaty will have very important
effect for two reasons" says Mr. Falcon:
First, because it opens trade with Brazil.
which is large, rich, influential and grow
ing place; and, secondly, because the action
with other South American countries, all OF
which have high tariffs"
An Event of the Greatest Importance,
Charles r. Flint, OF the firm of Flint &
Co., prominent New York house in the
South American trade, and treasurer of the
New York Commercial Company, limited.
which does an extensive business with
Brazil, being the largest importers of rub
Der into the United States from
that country, says that he looks upon
the reciprocity convention, Just con-
cluded between Brazil and the United
States, as an, event of great Importance,
and likely to be of immense benefit, both to
this country and to Brazil. I'VE import"
says Mr.. Flint. $50. .00O. 900 worth per an
mum Of Brazilian products, and we send TO
Brazil only abou. So, 000, 900 worth of Ameri-
can goods, thus leaving an enormous balance
of trade against US. which has TO be covered
by remittances to European bankers and at
times leads to gold shipments from this
country, and to the concomitant evils of
tight money, etc. Such reciprocity arrange
ments should re-estaDlish, TO great extent.
the equilibrium, and if Congress would give
us the proposed international American
bank, we would make rapid progress toward
emancipating ourselves from our present de-
pendence upon English and other European
bankers"
Every Section of tho Country Interested
Mr.. Flint further remarked that glance
at the list of articles admitted free or at a
reduction of duty in Brazil would show the
foresight and skill with which it had been
made, as, instead of covering few articles,
as had been proposed, it extended TO almost
every branch of our manufacturing indus
tries, besides our agricultural products, so
that there was hardly section in thiScoun.
try which would not feel the direct Benefit
of the new reciprocity arrangement While
the Western farmer aud mill owner would