Shipping review
Media
Part of The American Chamber of Commerce Journal
- Title
- Shipping review
- Creator
- Cavender, H. M.
- Language
- English
- Year
- 1934
- Rights
-
- Fulltext
- June. 1934 THE AMERICAN CHAMBER OF COMMERCE JOURNAL Z3 SHIPPING REVIEW By 11. M. Cavender General Agent, The Robert Dollar Co. Copra shipments are Burins the month of April, snipments were again very heavy, amounting to 320,2.50 tons and almost reaching the total of the record month of February. To Oriental Ports, hemp shipments were very good, amounting to <53,11.5 bales. Lumber, however, was off con siderably, the movement lieing less than half of the previous month, increasing monthly, the total of 2, tsl tons for April almost equalling the total for the previous three months. To the Pacific Coast, cigar shipments held up well. Coconut oil, copra, and copra meal all showed increases. The movement of hemp was only fair. Lumlrer shipments were the liest for some time. There was a particularly heavy movement of centrifugal sugar, amounting to 25,000 tons, and refined sugar shipments were also heavy. Rope shipments were good. To the Atlantic Coast, sugar again moved very freely, the total being 175,790 tons. Cigars were good. Almost 14,000 tons of coconut od AGhsxo To HL of 320. .*.'>G tone with a total of 112 eailinseot a loch American Dot tome earned Sl.sjlloaewiib 1. moved, a very satisfactory 'hosing Copra, however, was slow. Hemp improved very considerably, and lumlier was also up There were two full cargia's of molasse * 'hipped To F.uro[»ean Ports, copra was good, but copra cake -low. Hemp shipments were again good, although off from the previous month Lumber shipments improved. There was one small shipment of coconut oil, the first for thia year. From statistics compded by the .Kaeociated Steamship Line * , during the month of April, 1934, there were exported from the l * hdippiDe Islands the following: THE PRESIDENT LINER WORLD-WIDE SERVICE FLEET AMERICAN MAIL LINE “The Short Route to America” To SEATTLE via CHINA, JAPAN and VICTORIA Pres. Grant - - - July 4 Pres. Jackson - - July 18 Pres. Jeffetson - Aug. 1 Pres. McKinley- Aug. 15 Pres. Grant - - - Aug. 29 Travel “President Liner” Tourist Class Manila to Seattle or San Francisco only $200; with private bath, $227. “President Hoover” and “President Coolidge” Special Class at slightly higher Jares. DOLLAR STEAMSHIP LINES EAST OR WEST TO NEW YORK Via China-Japan, Honolulu San Francisco Panama Canal Pres. Lincoln - June 30 Pres. Coolidge - - July 11 Pres. Cleveland - July 28 Pres. Hoover - - Aug. 8 Pres. Taft - - - Aug. 25 Via Suez Canal and Europe Pres. Johnson - June 25 Pres. Monroe - - - July 9 Pres. Van Buren-July 23 Pres. Garfield - Aug. 6 Pres. Polk - - - Aug. 20 PHILIPPINE INTER-ISLAND STEAMSHIP CO. SUPERIOR INTER-ISLAND SERVICE S. S. “MAYON” sails Tuesdays at 2 P. M. from Manila to Iloilo Zamboanga, Cebu, Iloilo back to Manila. ruruvta ■ ailing* June 26 July 3 ,, 10 17 24 FOR BOOKINGS AND INFORMATION APPLY TO: THE ROBERT DOLLAR CO. General Agents Robert Dollar Bldg., Port Area — MANILA — Telephone 2-24-41 87 Eboolta IN RESPONDING TO ADVERTISEMENTS PLEASE MENTION THE AMERICAN CHAMBER OF COMMERCE JOURNAL 24 THE AMERICAN CHAMBER OF COMMERCE JOURNAL June. 1934 The annual Honruf exndua reached ita height during the month ofApril, bookings in all direc tions reaching new hi^h leveh. particular interest is the increase in tourist travel from the I’hilippincs to China and Japan, one group alone numbering over sixty persons. The following figures show the number of passengrrs dejmrting from the Philippine Islands during April, 1934: InUr- TK.rd Fir * S'iaai 279 499 276 1 2 43 135 69 215 20 6 0 17 7 0 19 51 0 9 9 0 6 4 0 5 0 0 China and Japan Honolulu. Pacific Coaat Europe via America. Htraits HettlemenU and Dutch East Indies........... Europe and Mediterranean Ports beyond Colomlio America via Sues. . Australia. Round-t he-World Total for April............. Total for March........... 499 644 534 294 518 3 33 COPRA AND ITS PRODUCTS By Kennkth B. Day AND LKO SCHNURMACHER The local copra market showed mixed trends during May owing to the general uncertainty linked with the situation created by the final approval of the coconut oil excise tax in the United State * . Although some action on the part of the administration was expected, allowng a total or partial exemption from this tax for the Philippine Islands, no such action was taken and under the circumstances local crushers have not been keen buyers at all due to their inability of selling coconut oil in the United States. The month, therefore, was largely controlled by export demand tempered with the unusually severe seasonal curtailment of arrivals Comla: Both in Manila and Cebu arrivals were far below the corresponding month of 1933 In addition to the seasonal decline in production, unusually heavy rains throughout the latter part of the month caused a decrease of 50% as compared with May last. It is expected, how ever, that the next few months will again bnng normal copra receipts, pnees permitting. Pur chases by local mills were transacted on a small scale only and with particular caution. Pnees ranged from F3.50 to P3.60 per hundred kilo * Rerecada, and very little contract business was transacted. Export markets started dull, but in the second week of the month a decided Eu ropean buying interest made its appearance and a large volume was transacted at prices ranging up to £7/5. This business was particularly attractive because of the sluggishness of the American copra market, which was dull with 1.20 cents the highest price quoted in Manila and 1.25 cents in Cebu. One round lot of copra was sold to Mexico st better than there figures. Throughout the month large copra dealers were unwilling to commit themselves to forward contracts. The following statistics apply:— Arrivals—Manila, 178,246 bags an d Cebu, 253,227 bags. Shipments— Tons Pacific Coast 4,525 Mexico.................. 5,367 Atlantic Coast . 762 Gulf Ports 3,556 Europe . 12,635 China and Japan 1,617 Total 28,462 Stocks on Hand in Manila— Tons Beginning of Month 52,028 End of Month 43,573 In addition to the above very fair stocks of copra were held in Cebu and other provincial porta. Coconut Oil: During tne entire month there was no interest whatsoever on the part of big buyers al oil in the United States Nominal quotations were 2-1 4 cents r i f New York and 2 00 cents fob Pacific ( oast At the end of the month local mills were offering pamrb at 2-1 4 cents but with no bumnessi transpiring. A few small tank ears were sold on each coast but large buvers were holding hack awaiting the final outcome of the excise lax, which they could easily do on account of ample stocks The local price of coconut ml dropped from > * -l 2 cents to as low as X00 cents ex factory 8tat is tire for the month follow — Shipments— Tons Pacific Coast 995 Atlantic Coast . V<50 Gulf Ports 5,004 China 50 Total 14.91 * Stocks on Hand in Manila and Cebu - Tons Beginning of Month 16,449 End of Month 15,902 Copra Care : A very fair volume of cake sras sold during the month. Sellers here hecame tired of bolding stocks for better pnees and began to sell early position. Later on the European market picked up due to droughts in the United States and Europe and the fear on the part of buyers that a future curtailment of eoconut ml shipments might mean a scarcity of supply of copra cake. Hamburg pnees improved from $17.00 to as high as $18.00 and the local equi valents from P1300 ex warehouse to P13.5O. At the end of the month prospects for additional improvement were in evidence. Very little meal business was done to the United States. The following statistics cover these products — Shipments— Tons Pacific Coast 1.909 Atlantic Coast . 192 Europe 3,140 Total 5,230 680m“s THE EDWARD J. NELL CO. P. O. Box 1640 TEL. 2-29-75 CRANE EXPORT CORPORATION Valves for Every Purpose GARLOCK PACK ING COMPANY Packing for Every Service WYOMING RED EDGE Shovel & Picks YALE & TOWNE MFG. COMPANY Chain Blocks BRODERICK & BASCOM ROPE CO. Hoisting Rope for Every Purpose WORTHINGTON PUMP & MACHIN ERY CORP’N Diesel Engines, Compressors, Pumps WESTINGHOUSE ELECTRIC INTER NATIONAL CO. Motors, Generators, Welders MINE & SMELTER SUPPLY COMPANY Marcy Ball Mills, Wilfley Tables. Marcy Rod Mills, Wilfley Sand Pumps, Ore Milling Equipment. Assayers Supplies. Empire Prospecting Drills, Placer Machines OLIVER UNITED FILTERS CORP’N Continuous Vacuum Filters NORDBERG MA NUFACTURING COMPANY Symons Crushers HEWITT RUBBER CORPORATION Air Hose-Belting WASHINGTON IRON WORKS Mine Hoists Logging Engines IN RESPONDING TO ADVERTISEMENTS PLEASE MENTION THE AMERICAN CHAMBER OP COMMERCE JOURNAL