Lumber review

Title

Lumber review

Language

English

Source

The American Chamber of Commerce Journal Volume XIII (No. 10) October 1933

Year

1933

Rights

In Copyright - Educational Use Permitted

Fulltext

October, 1933 THE AMERICAN CHAMBER OF COMMERCE JOURNAL 23 TOBACCO REVIEW By P. A Meyer Alhambra Cigar and Cigarette Mfg. Co. Australia. Atlantic (Europe) Settlements. States........ Raw Leaf: Pur chasing in the Ca gayan Valley show ed some more ac tivity towards the end of the season, and prices have ad vanced somewhat in sympat hy with gen eral conditions. Demand for good tobacco is rising. The buying of the 1933 crop has prac tically ended, there remaining some lots of inferior grades. Export of leaf has been as follows: Rauleaf. Strippea Tobacco and 767 7,871 960 19 2,553 888,444 595 93,384 994,593 Cigahs: Shipments during September to the United States have taken a sudden increase and show a total of over 24 million, or about 6 million more than September 1932. We, however, hold that this increase is only temporary and was undoubtedly prompted by the anticipated increased taxation under the Agriculture Ad ministrative Act and the National Recovery Act. Even with this large export during the past month the total shipments up to September of this year are still approximately 14 million below the shipments made to the United States uring the corresponding period of last year. Comparative figures are as follows: September, 1933............................. September, 1932............................. January-September, 1933............. January-September, 1932............. 24,065,270 17,938,048 115,334,721 129,518.357 INSURANCE FIRE • MARINE . MOTOR CAR WORKMEN’S COMPENSATION LUMBER REVIEW By ARTHUR F. FISCHER Director of Forestry ML The volume of the Philippine lumber and timber export trade has at last returned to 1929 levels. This is shown by the export shipments for July, 19 33. The total amount of lumber and timber shipped to for eign markets during the month was 8,647,056 board feet, which is about the average volume shipped each month during 1929, the year previous to the depression. As compared with July of last year, the total lumber and timber exports during the month under review represented an increase of 122%. 'Phis increase is in a large measure due to the revival of the United States market and a more active importation of Philippine woods by Phoenix Assurance Co., Ltd. of London Westchester Fire Insurance Co. of New York Samarang Sea & Fire Insurance Co. Ltd. Guardian Assurance Co., Ltd. of London Aachen & Munich Fire Insurance Company ED. A. KELLER & CO., LTD. Agents 178 Juan Luna, 3rd Floor Phone 49881 IN RESPONDING TO ADVERTISEMENTS PLEASE MENTION THE AMERICAN CHAMBER OF COMMERCE JOURNAL 24 THE AMERICAN CHAMBER OF COMMERCE JOURNAL October, 1933 China. It is also due to the continued strong demand of Philippine logs in Japan, despite the dullness of business in all lines in that country at this time and the uncertainties of exchange. Demand from the United Kingdom, which had shown some slackening during the previous months, was stronger during the montn under review, due to the appreciation of sterling in terms of the United States dollar and the fact that hardwood stocks are running low. Philip pine timber is reported to be displacing Gaboon mahogany in cabinet making work, because of its firmer texture and this, of course, should bring about a feeling of greater confidence with regard to the prospects in this market. Like wise, the lumber trade with South Africa is strengthening. Australia continued its steady importation of Philippine timber, although the amount shipped is still far below what it was during the peak year of 1929. Nevertheless, this importation is significant for the reason that for the last 2-1 2 years there was practically no movement of Philippine lumber and logs because of the high Australian tariff, which is still in force. Summing up, the export trade has shown a decided upturn. Prices are still far short of what were considered fair values a few years ago, but they are much better than those prevailing during the past year and the outlook for the immediate future is encouraging. It is under stood that the code of fair competition for Phil ippine mahogany under the United States In dustrial Recovery Act is still under considera tion and there is no definite information as yet as to what the final provisions will contain. Because of this pending measure, which vitally ffectus the Philippine lumber export trade, the United States being considered the best market for the islands' product, there is some uncertainty in the minds of local producers as to what the quotas will be. But aside from this, the export situation presents nothing but an optimistic outlook. Timber shipments to Manila from the prov inces were fair, despite the rainy season, during which time there is usually less building activity. As a natural result, thereof, local prices for first group timber have slightly decreased, although they are still better than those prevailing at this 'The mill production during the month under review totalled 14,545,9-16 board feet as against 9,870,289 board feet for July last year, or an increase of 47%. Despite increased product ion, however, the mill stocks decreased 19% as compared with the lumber inventories at the end of July, 1932. The following statements show the lumber and timber exports, by countries, and mill production and lumber inventory for the month of July, 1933, as compared with the corresponding month the previous year. Lumber and Timber Exports for July 1933 CustomsBoard Eeet Declared Value Destination Japan............................ . . *5,032,456 P 77,940 China........................... 1,488,664 15,353 United States.............. 1,381,360 77,610 Great Britain.............. 362,096 20,782 British Africa.............. 303,160 43,218 21,161 Portuguese Africa....... 3,386 Australia....................... 22,472 1,124 Hawaii.......................... 8,480 1,282 Guam .............. 2,120 365 Canada ..................... Hongkong................... Totai................... . . . 8,647,056 P219,033 1932 Destination CustomsBoard FeeU^Declared Value Japan.......................... ... 3,177,032 P 63,129 China.......................... 2,120 431 United States............ 487,176 31,346 Great Britain............ 136,528 20,429 British Africa............ 46,640 3,150 Portuguese Africa.. . . Australia..................... Hawaii........................ ... o 5,088 824 Guam.......................... Canada....................... 41,976 2,510 Hongkong................... 17 Total................. . . . 3,89^,560 P121,836 Note: *This represents mostly solid log scale,' that is, 424 board feet to a cubic meter. For 46 Mills for the month of July Lumber Deliveries from Month Mills 1933 1932 July............................... 14,627,871 "10,224,606 Month Lumber Inventory 1933 1932 July... .......................... 23,229,385 28,540,305 Month Mill Production 1933 1932 July . ......................... 14,545,946 9,870,289 N ote : Board feet should be used. I I When Your Favorite Sandwich Tastes Better!! The Drink is flak $i(scn ; brewed by San Miguel Brewery UROMIL Powerful Urenic Dissolvent Astonishing cures of the most rebellious ca ses of Gout Rheumatism Arthritis Agents for the Ph-iUppinea BOTICA BOIE Uroiroplna 0.051; Urnzoato litlco 0 0?8; Sales plpcracinlcas O.MC; Posfato dlsodico 0.028; Esclpk-nte otervescente q. s. para I fr n. JN RESPONDING TO ADVERTISEMENTS PLEASE MENTION THE AMERICAN CHAMBER OF COMMERCE JOURNAL

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