| Show BRAZILS BRAZILS' BUSINESS SHOWING NW UPWARD i TREND Southern Commerce Weathers Weather er ers One of M Most st Severe Storms in History RIO RIO DE JANEIRO Brazil June Juno 1 Correspondence of the Associated Press Business In Brazil which had been stagnated since the first of October 1918 a 1918 a month before the signature o 01 the armistice has armistice has e-has has since the first of ot April shown marked indications of ot an upward upward trend and a well manifested op optimism optimism optimism op- op has taken place among business businessmen men here interested In trade with the United States of ot the which many of ot them expressed one or two t months agoA ago A canvass of ot the leading bankers and American commercial representatives in Rio de Janeiro recently has brought out the fact tact that the old order of ot transactions transactions on a a. free and basis has begun berun Importers are placing orders for new stocks In limited quantities and a fair share of ot them are going to American American American Ameri Ameri- can firms and factories Brazilian commerce both domestic and foreign has just lust weathered one of the most severe storms In Its Us history and the very few business failures which resulted was considered remarkable by both local and foreign business men The crisis was due to a 0 number of ot calamities which followed followed followed fol fol- lowed one another In rapid succession The freezing of about GO CO per cent of the mature coffee trees 11 was as the first followed followed followed fol fol- lowed by the appointment of a a. government government govern govern- ment e food commission I which was obliged l bf nN to arbitrarily fix prices s upon certain a raw materials for notably industry notably cotton The textile industry was vas hard hit by this action and the loss of confidence among distributors of ot their product Early In October the Influenza closed mills and paralyzed trade and this was followed ollo by the signature signature-of of the armistice with a general anticipation tion of a drop In prices in all staple commodities com com- Shortly after atter the close clos of ot hostilities came a deluge of or deliveries on orders placed in the United States as much as al a year ear before and the wholesale cancellations cancellations cancellations cancella cancella- which resulted were due to the fact that the Brazilian merchant had to choose between cancellation or extension and I bankruptcy lIe He chose the former In most cases The large stocks which accumulated accumulated accumulated through this period of stagnation are now being worked off ort and buyers are again beginning to secure quotations from abroad Brazilian and and North North North American American business businessmen men generally agree that the prosperity of the North American trade In Brazil from now on will depend greatly on the prices and qualities The prices must be bo within competing distance of European houses and the quality of ot goods shipped must be such as to give entire satisfaction satisfaction satisfaction tion to the Brazilian merchant A substitute substitute substitute sub sub- shipment of something just lust as asgood asgood asgood good Instead of ot the exact shipment ordered is of incalculable damage to not only the firm Involved but others of or the same country |
