Real estate

Title

Real estate

Creator

Hoskins, C. M.

Language

English

Source

The American Chamber of Commerce Journal Volume XXV (No. 7) July 1949

Year

1949

Rights

In Copyright - Educational Use Permitted

Fulltext

GROSS SALES (TEN LEADING BUSINESS FIRMS) 1937-1949 Bureau of the Census and Statistics (1937 = 100) 1937 1938 1939 1940 1941 1945 1946 1947 1948 1949 January . . . . . . 95.1 75.5 88.8 106.7 104.8 _ 49.6 160.9 225?2 “ 213.5 * February . . . .. . . 102.5 71.6 80.3 99.8 95.9 — 34.6 228.9 228.3 241.3 March................ . . 105.9 85.2 87.1 104.3 107.2 — 61.1 218.8 257.5 289.6 April................. . . 107.5 81.4 79.8 100.3 105.6 75.1 155.3 254.0 231.2 May.................... . . 100.4 76.9 80.1 97.5 113.0 1.6 117.5 216.0 273.8 261.3 June................... . . 100.3 76.6 107.7 103.5 117.0 5.4 85.3 249.4 308.7 — July.................... . . 105.7 72.0 90.8 98.8 110.0 8.4 89.7 240.4 313.2 ___ August................ . . 97.4 75.2 90.8 98.3 109.8 10.4 118.9 202.8 272.2 ___ September . . . . . 83.4 76.8 103.3 93.1 114.0 110.7 116.4 219.2 261.1 — October .... . . . 97.0 80.1 103.4 85.8 100.1 10.8 147.0 222.9 252.5 ___ November . . . . . 100.4 104.2 110.1 105.6 97.7 21.4 165.1 278.7 215.8 ___ December . . . . .. 104.3 88.6 119.4 119.1 64.8 27.9 184.4 291.8 253.4 — • Revised figures for January, February, and March. Credit Real Estate By W. J. Nichols By C. M. Hoskins Treasurer, General Electric (P.I.) Inc. C. M. Hoskins & Co., Inc. THE May 7 and May 14 issues of the Saturday Evening Post cariied an interesting article on Dun and Bradstreet, Inc., the world’s oldest and largest credit agency. An indication of the scope and importance of credit information lies in the fact that the firm employs some 8000 people in the United States, has an income of about $45,000,000 a year, and supplies reports to around 76,000 suscribers to its services. It was Arthur D. Whiteside, President of Dun and Bradstreet, who coined what has become the semi-official definition of credit,—“Man’s Confidence in Man.” The next general luncheon meeting of the local As sociation of Credit Men will be held on Tuesday, July 19. It is planned to have a guest speaker give a short talk on some topic of special interest to the members, followed by a general discussion of the subject. We are hoping that this will be only the first of a series of regular quarterly meetings during which problems affecting credit executives can be brought into open forum. Since its incorporation in 1932, the Association has grown into an organization consisting of some 69 of the leading business institutions in the Philippines and has assets in excess of P23,000. Formed to establish closer credit co-operation among members and to obtain greater security and certainty in busi ness customs, the Association is constantly seeking ways to improve its services. THE real estate market in Manila was relatively quiet during June, with 259 sales registered having a total value of P2,793,217. Total num ber of sales continued high, and land values conti nued firm. The transactions analyzed showed a somewhat lower price for buildings, in line with de clining building costs. This is reflected in compara tive peso totals of preceding years. Comparative figures for the first six-months periods of 1946 to 1949 are as follows: January - June 1946 .......................................................... P18 513,538 1947 .......................................................... 37,632,010 1948 ......................................................... 27,938,224 1949 .......................................................... 20,058,383 Mortgages registered in June were up to P7.558,958, as compared with P5,583,332 for May. Private mortgage funds are entering the local real estate market in growing volume. THE new Revised Charter of Manila contains seve ral new features of interest to real estate inte rests. The Municipal Board is now authorized to re quire property owners to build sidewalks in front of their properties; if they fail to do so, the City may REAL ESTATE SALES IN MANILA, 1940-1949 Prepared by the Bureau of the Census and Statistics Note: A large percentage of 1945 sales and a diminishing percentage of 1496 sales, re present Japanese Occupation transacti ons not recorded until after liberation. January February March . April . . May . . June . . July . . August . September October . . November December Total . . P17.974 844 P10,617 285 P22,890.133 P45,537,914 P68.260 104 1940 P 6,004,145 918,873 1,415,246 883 207 403,866 542,187 1,324,861 1,905,828 1,141114 993,103 938,416 1,504,004 1941 P 962,970 779,783 1,532,104 988,380 1,129,736 598,431 559,742 1,239,414 815,112 1,182,678 858 235 (?) 1945 P 7,943,605 1,337,830 (?) 213,262 962,008 1,212,780 1,123,565 699,740 1,870,670 2,096,893 2,555.472 2,874,408 1946 P 4,385,011 2,267,151 2,622 190 1,916,293 3,684 937 3,637.956 4,974,862 4 438,510 4,698,896 5,545,800 3 340,384 4,025,926 1947 P 6 030,012 7,217 317 7,166.866 8,611,076 4,618,181 3,988,560 4,097,183 5,627,572 7,437,213 6083,486 4,177,054 3,205,584 1948 P 3,644,734 3 879,633 4,243,719 5,021,093 3,129,799 8 019,246 5,146,529 6,192,876 4,737,581 5,350 376 3,046,287 5,386,248 P57,798,121 1949 P 3,965,420 2,701,668 3,362,635 3,677,630 4,253,395 2,793,217 P20.753.965 290 BUILDING CONSTRUCTION IN MANILA: 1936 TO 1949 Compiled by the Bureau- of the Census and Statistics from data supplied by the City Engineer’s Office. MONTH 1 1936 1937 | 1938 1 1939 1940 1 1941 1 1945 1946 I 1947 1 1948 I 1949 | (Value) | (Value) | (Value) | (Value) (Value) | (Value) | (Value) (Value) | (Value) | (Value) | (Value) January . P 540,030 P 426,230 P 694,180 P 463,430 Pl,124,550 P 891,140 P — P■ 1,662,245 P 3,645,970 P 6,571,660 P 4,807,320 February 720,110 479,810 434,930 1,063,950 1,025,920 671,120 467,790 641,040 — 2,509,170 3,270,150 6,827,005 7,286,630 March . . 411,680 396,890 1,300,650 662,840 — 3,040,010 3,398,910 7,498,560 8,100,700 April . . 735,220 659,680 670,350 770,130 1,063,570 1,029,310 1,139,560 962,420 408,640 462,020 3,125,180 8,295,640 7,370,292 5,558,245 May . . . 400,220 740,510 335,210 1,496,700 3,964,460 5,564,870 8,570,410 5,070,380 June . . . 827,130 459,360 754,180 809,670 542,730 418,700 2,444,070 3,904,450 5,898,580 10 217,840 4,809,250 July . . . 302,340 691,190 756,810 495,910 357,680 609,920 1,741,320 3 062,640 9,875,435 7,771,487 August . . 368,260 827,660 627,790 622,050 661,860 306,680 1,418,360 1,015,250 4,889,640 7,428,260 7 568,950 September 393,100 777,690 684,590 554,570 590,380 530,8311 7,326,570 7,770,310 7,095,860 October 663,120 971,780 718,190 645,310 738,700 699,040 639,030 4,630,550 6,747,240 5,368.800 November 460,720 320,890 972,310 503,230 461,580 485,100 315 930 1,364,310 4,373,390 7,088,283 3,424,125 December 648,820 849,160 1,105,910 333,490 67,553 1,605,090 5,034,600 4,924,320 4,507,580 Annual Total . P6.170.750 P7,530,690 P9,280,560 P9,053,250 P8,234,460 P5,692,273 P12,186,150 P47,526,905 P73,907,248 P82.792.569 P35.632.525 Average P 511,229 P ' 627,557' P 773,380 P 754,438 P 686,205 P 474,356 P 1,015,513 P 3,960,575 P 6,158,937 P 6,899,381 P 5,938,754 build them and charge the cost to the landowner in the form of a special assessment payable in ten yearly instalments without interest. The old special assessment law, relating to municipal public improvements in general, has been extended to include national roads in the City of Manila, built by the central government. The Municipal Board is now empowered to “tax and regulate” the business of letting and subletting lands and buildings The general taxing powers of the Municipal Board have been extended to include practically any business, trade, or occupation. As a result, new in dustries are tending to seek sites in the suburbs to avoid the risk of unanticipated local taxation. Electric Power Production Manila Electric Company System By R. J. Baker Manila Electric Company 1941 Average — 15 316 000 KWH January February March April . May June July . . August September October November December . TOTAL 361 510 000 Kilowatt Hours 1949 1948 33 745 000 27 301 000 31 110 000 26 021 000 34 776 000 26 951 000 33 048 000 26 871 000 34 453 000 * 28 294 000 34 507 000 ** 29 216 000 31 143 000 31 993 000 32 012 000 33 943 000 32 661 000 35 104 000 •• Partially estimated June output was the same as May, as May has an extra day. June output was slightly more on a day-to-day basis. The increase over June, 1948, of 5,291,000 Kwh, or 18%, is less than the increase in previous months. Ocean Shipping By F. M. Gispert Secretary, Associated Steamship Lines TOTAL exports for May, in the aggregate, show ed an increase over the preceding month of April and a decided increase over May of last year. 109 ships lifted 248,593 tons of export cargo dur ing May of this year, as against 93 ships and 159,065 tons for May last year. Exports by commodities, during May, as com pared with May last year, were as follows: 1949 1948 Alcohol.................... 71 tons 370 tons Coconut, desiccated 9,544 ” 7,849 ’’ Coconut oil ... . 7,716 ” 2,108 ’’ Concentrates, copper................. 2,322 ” — Concentrates, lead...................... 54 ” — Copra....... 59,604 ” 47,328 ” Copra cake, meal . . 6,204 ” 4,309 ” Embroideries .... 119 ” 119 ” Empty cylinders . . 470 ” 247 ” Fruits, fresh .... 350 ” 78 ” Furniture, rattan .. 497 ” 807 ” Glycerine. 301 ’’ 112 ” Gums, copal .... 64 ” 124 ” Hemp....... 46,309 bales 87,042 bales Household goods .. 274 tons 134 tons Junk, metal .... 9,198 ” 12,663 ” Kapok....... 164 ” 88 ” Logs........................ 1 402,188 board feet 1,542,437 board feet Lumber................... 1,895,942 ” ” 237,418 ’’ Molasses................. 15,044 tons — Ores, chrome .... 32 580 ” 18,500 tons ” iron.............. 12,598 ” — ’’ manganese . . 1,998 ” 1,900 ” Pineapples, canned . 1,633 ” 3,090 ” Rattan.................... 91 ” 127 ” Rope........................ 244 ” 554 ” Rubber................... 144 ” 167 ” Shells...................... 51 ” — Skins, hides .... 148 ” 138 ” Sugar, raw............ 70,084 ” 22,516 ” Tobacco................... 530 ’’ .653 ” General cargo . . . 3,803 ” 19,911. ” 291

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