The Rice industry
Media
Part of The American Chamber of Commerce Journal
- Title
- The Rice industry
- Creator
- Hill, Percy A.
- Language
- English
- Year
- 1934
- Rights
-
- Fulltext
- June, 1934 THE AMERICAN CHAMBER OF COMMERCE JOURNAL 27 THE RICE INDUSTRY By Percy A. Hill of Mufloz, Nueva Ecija Director, Rice Producer’s Association On June 10 prices for palay per cavan of 44 kilos at primary markets ranged from Pl.75 to Pl.95 according to grade. Luxury rice per sack of 57 kilos brought P4.50 to P4.90, macans P4.20 to P4.40. Selling was heavy, for taxes and elec tion expenses and repay ment of bank loans, dur ing the first part of June. The market is now quiet. Conditions affecting the next crop are very good owing to the early sea sonal rains, if nothing happens by way of drought at planting time the next crop should be normal. The trip from Pacific Coast (Vancouver) to Atlantic Coast (Montreal or Quebec) is made in four days in the luxurious trains of the Canadian Pacific Railway. ONLY 3 TO 4 DAYS OCEAN TO EUROPE Via St. Lawrence Seaway! Sail from Montreal or Quebec and enjoy 2 days on the smooth St. Lawrence. Then, only 3 to 4 days more to British and Continental ports. Regular sailings: Empress of Britain, size-speed-SPACE marvel. Famous ‘’Duchess” liners for smart economy. Popular “Mont-ships” for solid comfort, low cost. Attractive, low-priced Tourist and Third Class on all ships. YOUR INQUIRIES ARE INVITED CANADIAN PACIFIC WORLD’S GREATEST TRAVEL SYSTEM Area planted in central Luzon will be somewhat larger than it was last year, and the demand in the southern provinces for rice will be erratic. The generous sugar quota the United States allows the Philippines this year will hold rice prices up somewhat, but demand will fall off in other export-crop regions. But coming back to fundamentals, there will never be any renaissance here, any turning to new crops or means of sup plying overseas trade, until the sugar and other quotas are abolished. This seems axiomatic in tne Philippines. There will be no adjustment until economic pressure forces it. Hope will encounter a steadily declining market. This market, sustained artificially by returns of money to the Philippines conceals this danger— that of ending the remittances by sudden de clines in America’s requirements. Japanese are taking over the distribution of of rice, especially in the southern islands, since the beginning of this year, a business formerly carried on by Chinese merchants. The in novation will continue, and to a certain extent it affects the old channels through which exports moved to market. FOR THESE GOOD REASONS... GO. EMPRESS Reason /...Record size. Reason 2...Record speed. Reason 3... Luxury of Pacific and Atlantic standards. More Reasons...? Ask anyone who’s made an “Empress" crossing! Fortnight ly sailings from ORIENT TO VICTORIA AND VANCOUVER Choice of 2 Routes... Direct Express: Empress of Asia and Empress of Russia make trans pacific crossing from Yokohama in 9 days. Via Honolulu; Empress of Japan (largest, fastest liner on Pacific) and Empress of Canada add but three days to the journey.... First and Tourist Class. Also, Third Class. RAILWAY SERVICE ACROSS CANADA MAY SUGAR REVIEW By Geo. H. Fairchild New York Market: The improvement in the market noted in the latter part of the pre vious month was main tained during the month under review. Philippine sugar afloat and for May shipment was sold during the first week at 2.75 cents to 2.80 cents, Cuban sugar at 1.40 cents to 1.42 cents c. and f. and Puerto Ricos at 2.75 cents. Favour able news early in the week from Washington caused the Exchange quotations to advance 3 to 4 points on the 2nd. At the close of this week another advance of 3 to 5 points was registered on the Exchange. A further improvement took place during the second week when Philippines afloat were sold at 2.82 cents to 2.83 cents and Puerto Ricos for June shipment at 2.85 cents. Although op erators bid for Cuban sugar for June shipment at 1.53 cents c. and f. on the 7th, business was done on the basis of 1.47 cents c. and f. for sugar at hand. After showing a net gain on the 9th of 6 to 7 points, quotations on the Exchange at the close of the week recorded a net loss of 5 to 7 points against the closing quotations of the previous week, as the result of the uncertainty which developed and pending the issuance by Secretary Wallace of quota regulations in con nection with the Jones-Costigan sugar control act which President Roosevelt signed on the 9th. Upon signing this act, President Roosevelt issued a proclamation that the import duty on Cuban raw sugar would be reduced to 1.50 cents per pound effective on June Sth. The price of cane refined sugar was reduced on the Sth to 4.20 cents per pound, while that of beet refined was reduced to 4.00 cents on the 9th. OXYGEN Compressed Oxygen 99.5% pure HYDROGEN Compressed Hydrogen 99.8% pure ACETYLENE Dissolved Acetylene for all purposes WELDING Fully Equip ped Oxy-Ace tylene Weld ing Shops. BATTERIES Prest-O-Lite Electric Stor age Batteries Philippine Acetylene Co. 281 CALLE CRISTOBAL, PACO MANILA, P. I. IN RESPONDING TO ADVERTISEMENTS PLEASE MENTION THE AMERICAN CHAMBER OF COMMERCE JOURNAL