Architecture
Media
Part of The American Chamber of Commerce Journal
- Title
- Architecture
- Language
- English
- Source
- The American Chamber of Commerce Journal Volume 9 (No. 8) August 1929
- Year
- 1929
- Rights
-
- Fulltext
- 32 THE AMERICAN CHAMBER OF COMMERCE JOURNAL August, 1 929 JULY SUGAR REVIEW By George H. Fairchild firm on the 3rd with New York Market —A material improve ment was registered in the New York market in the first week of the month under review, owing to increased inter est by speculators who believed that there would be some form of crop control in Cuba next sea son, both as regards pro duction and disposal. The market closed very sales of present shipment Architecture We live in ruined mansions, Live as ghosts Prowling high corridors Where simpler men believed And knelt and prayed unshaken in their faith. We make the gesture too— Ghastly and tragic, futile and dismayed, On winds of doubt our prayers are whisked away, And on we wander, doubting, after them. Happy is he whose work becomes a fetish, Or who for brood and spouse Rejoices he’s a slave; But weary he who has an hour to think, At least to muse, beside a river’s brink Or in a garden’s fragrant solitude Where he beholds the old remorseless feud Between grim Nature, who ten thousand sows Just to make certain that the species grows, And each of those ten thousand who would be One with the mother of eternity. The more one ponders it, The more he comes to feel The Nazarene perhaps was right: We build when we tear down, By squandering what we own, By making ourselves prodigals. And now, we can’t— Pent within cities as we are, Far from the field, the pasture, and the mine, We cannot say, “Partake, good neighbor, all is thine;” For when we do, we starve, And ere men learn the art of starving They go mad. What we must learn is how, with these new tools, To order living by the ancient rules; And that’s not easy, It will take much time As we, in cycles, measure lapsing years. There are great epochs, We are in one now, Like Babel knew in her ambitious days, When tool-contriving has devised apart, Cubas to refiners at 1-31/32 cents c. and f., equivalent to 3.74 cents 1.1. for P. I. centrifugals. In the second week a further improvement was recorded, the market being firm at the close on the 11th, with buyers of prompt shipment Cubas 2-1/16 cents c. and f. (3.83 cents 1. t.). The market continued its upward trend and small sales present shipment Cubas were made to re finers on the 18th at 2-3/16 cents c. and f. (3. 96 cents 1. t.), at which price 2500 tons P. I. afloats (June shipment) were sold. The highest price for the year was obtained on the 22nd when small sales present shipment Cubas were sold to refiners at 2-5/16 cents.c. and f. (4.08 cents 1. t.), owing to the rumor that the decree for a single selling agency in Cuba would be issued on the 24th of July. The following day, however, the market was depressed with a down ward tendency, when the quotation was 2-1/4 cents c. and f. (4.02 cents 1. t.) at which price there were sellers but no buyers. Prices gradual ly sagged thereafter owing to the "uncertainty as to the * outcome of the single-seller suggestion, Existence not of spirit nor the heart And distant far from Nature— Who goes slaying mercilessly until human ken Sets things aright within her realm again. Such is our epoch: we can but strive Like animals—we are!—to be alive; To eat, to breathe, but hardly to be sane, The latchstring drawn, no altar light, no fane, Only relentless effort To keep from hungering on the bounteous plain, To keep from thirsting in the gracious rain. To keep on living. Such is the cost of something— Is it sin? We have not sinned, And less have sinned our fathers; We are, as they, materials With which Omnipotence, or Nature, All’s one in the end, Is building something for an age far hence Which we shall not enjoy: So it has always been, And Moses on that mountain, viewing Canaan, Is a poesy the Hebrews wrote Into an ageless book Telling the tale of all our lives And ending with a tramp who damned it all, A game not worth the candle— For Christ, death, in any form they willed it, When they willed. He was but telling us To build up loftier mansions than beasts’ lairs; And when the tools we’ve made Cease mastering all our hours, We can: those distant generations can Who have applied philosophy to urban fife, As patriarchs in ages gone applied it to the field— Our children’s children’s children, coming on, Will find God in a paving stone, And we have lost Him in the running brook. and P. I. sugar was quoted on the 30th at 3.83 cents at which there were sellers but no buyers. The month closed with a firmer market, how ever, and the operators were buyers of Cubas at 2-1/8 cents (3.89 cents 1. t.). The visible stocks in the U. K., U. S., Cuba and European statistical countries are 4,423,000 tons as compared with 4,063,000 tons at the same time last year and 3,759,000 tons in 1927. Futures. Quotations on the New York Ex change during July fluctuated as follows: High Low Latest 1929— July............. ........ 2.23 1.88 2.19 September. . ........ 2.25 1.97 2.10 December.. . ........ 2.34 2.09 2.20 1930— January....... ........ 2.34 2.13 2.21 March......... ........ 2.34 2.17 2.23 May............ ........ 2.45 2.24 2.29 July............. ........ 2.44 2.33 2.37 Philippine Sales. During the month of July, sales of Philippine centrifugals in the Atlantic Coast—afloats, near arrivals and for future deli veries—amounted to 38,500 tons at prices rang ing from 3.64 cents to 4.25 cents 1.1. as compared with sales amounting to 26,500 tons during the same period lást year at prices ranging from 4.02 cents to 4.33 cents landed terms. Europe:—F. O. Licht published his third estimate of the 1929-30 beet area in Europe of 2,625,000 hectares as compared with 2,634,554 hectares for 1928-29, these figures including Russia. Dr. Gustav Mikusch, in his report dated May 29, reviews the movement of sugar into con sumption in Europe. Although only seven to eight months of the current sugar year are covered in the statistics received from the various countries of Europe, the consumption figures show an increase of about four per cent over last year, while for the last month covered by his report (April) the increase is five per cent. Surplus stocks were materially reduced by the heavy exports. Local Market'.—The local market for centri fugals, in sympathy with the American market, showed a material improvement, and fairly large quantities of sugar changed hands in the first week at P8.875 to P8.90 per picul ex go down. In the second week, prices further advanced to P9.00 P9.12J^ but very little sugar was procurable even at this price. In the third week the market was firmer at the advance but stocks were so reduced that the season might be said to be practically over. Buyers were offering P9.25 to T9.50 but no sellers could be found. In the first two weeks musco vados were neglected at unchanged (nominal) quotations. In the third week, however, the muscovado market became firmer on renewed inquiries from China for higher grades and there were buyers on the basis of P6.25 for No. 1. Crop Prospects. Reports indicate that too much rain has fallen in the southern part of Negros and most of the sugar districts on Luzon. The setback received by the young cane during the season of severe drouth in March, April and May has been accentuated by the heavy con tinuous rains during June and July. This is particularly so in unirrigated districts which, however, constitute an insignificant percentage of the area in cane. Besides heavy downpours, intermittent squalls and storms passed over the Philippines during July which fortunately did not occasion heavy damage in either Luzon or Negros, but an estimated loss of P10,000 from storm damage was reported from Mindoro. Philippine Exports. Exports of sugar from the Philippines for 1928-29 crop, from November 1, 1928, to July 31, 1929, amounted to 614,720 tons, segregated as follows: Metric tons Centrifugals.......................... 587,474 Muscovados.......................... 20,241 Refined.............................. 7,005 Total.............................. 614,720 Java Market:—The Java market was firmer, large transactions having been consummated at unchanged prices. There was an active demand but business was somewhat checked by an advance of Gs 0.50 per quintal. In the third week, large sales of present crop Superiors were IN RESPONDING TO ADVERTISEMENTS PLEASE MENTION THE AMERICAN CHAMBER OF COMMERCE JOURNAL