The Washington herald., 1922-02-05
REPORTS BRAzHS
TRADE SITUATION
Mules UNCHANGED
Tone of Market Improy-
ing Gradually. Says
Commerce Attache:
MONEY is EASIER
Germany Leads in Imports of
lion and Steel But Or
ders Now Decrease.
MONEY is EASIER

There is little change In the busl-
ness situation in Brazil according
to. q cabiegram from Commercial
Attaehe schurz to the Department
Of Commerce. but the tone of the
market Is Improving gradually. No
in regard to coffee. The political
situation Is quiet Money is some
what easier.
Dollar exchange has shown a
steady betterment, the rate having
hovered between 7.s2 and 8 milreis
per dollar, with a weakening tend
ency at present. There Is q notice
able hesitancy in the buying Of dol
lars with the rate at milreis.
Marks are being quoted at 20 to ~
reis per mark.
Iron and steel Imports.
Germany leads in the imports Of
iron and steel goods, but German
orders are decreasing in several
lines with increasing prices. Total
imports into Brazil in November
were valued at 96.23s.0o0 milreis.
equivalent to E3.12s.oO0. Brazilian
FNHOENo lhC
amounted in value to 154,951!000
milreis equivalent to f5.O24,0oo. Ex-
ports of sugar in November were
Vailed at s.171.00o milreis. cotton
7.s19.0oo milreis, rubber 4,So5,0oo
milreis, skins 3.6S0.0o0 milreis,
hides 3,613,000 milreis, mattee g.
$4,000 milreis. frozen meats 2.546.-
g00f milreis. cacao 2.419.000 milreis,
coffee 1.0s5 s7s bags valued at TO-
Ss1,p00 milreis or f3,355,o5G.
'he- Export Commodities
Stocks of export commodities on
hand are as follows: Sugar at
Pernambuco 292. 900 bags. at Rio de
Janefro 2s1. .040 bags; cotton at Per-
nannbuco 24.s0o bales, at Rio de
Janeiro 21.642 bales. The price of
first class sugar at Pernambuco
ranged from 1900 reis to 7,70O reis
per is kilos with a firm market.
The price Of cotton at Pernambuco
withra weak market
The president has vetoed the ex-
penditures Of the twenty NTH budget
calculated at 1s4,SsS.0oo milreis. He
has stated that the deficit may
really reach 360.00o.00o milreis.
The 1891 budget is to continue in
force pending possible congress
sional reconsideration OF the new
budget. The prefect Of Rio de
Janeiro has vetoed the 1922 budget
os--fhe federal sdistrict. the 1891
budget continuing in force. Con-
tracts made with foreign companies
for the construction of public works
are not affected by these vetoes-
The customs house receipts for the
first twenty-six days OF January
total '1.94s,OO0 milreis paper and
.7O6 900 gold mflreis. The receipts
at Santos for the first twenty-four
DAYS of January were 2.so4,OOO
paper milreis- A decree has been
issued authorizing the opening Of
a credit of 25.OOO.OOO milreis for the
exposition at Rio de Janeiro.
sac PauIo has asked for tenders
for ,sn locomotives. 800 stock cars,
200 fat cars and 14o kilometers Of
ran. Bids will be opened March
Is. 1922.
The port Improvement work Is
nro1ressing and new work is to be
begun. this year.
Demand for shipping space Is
stIll dull with many companies op-
Grating at a loss The conference
rate on coffee has been advanced TO
500. The Munson Line Is now
carrying a fair. share Of the conee
destined for the United States. the
general freight rate from European
ports is considerably lower than
that from the United States Tne
LIoyd Braziliero plans to inaugu-
..Aa-n- line u South Africa.