Real estate
Media
Part of The American Chamber of Commerce Journal
- Title
- Real estate
- Creator
- Carman, P. D.
- Language
- English
- Year
- 1937
- Rights
-
- Fulltext
- 66 THE AMERICAN CHAMBER OF COMMERCE JOURNAL June, 1937 THE RICE INDUSTRY By PERCY A. HILL of Munoz, Nuevo Ecija Director, Rice Producer's Association The market has shown practically no change since our last report. Prices for luxury grades of rice per sack larc 1*5.501*5.70 per sack of 56.5 kilos, with palay offerings of that grade 1*2.40-P2.50 per cavan of 44 kilos. Macans per sack are from 1’5.10 to 1*5.30 with palay of that class from 1*2.30 to 1*2.37 per cavan at buying centers. Ar rivals have been ample from production centers. The opening season, as predicted in last report, was halted due to lack of seasonal moisture, with the consequent loss of seed-beds, which in part must be renewed. Some local rains have fallen but not enough for continuous work during the cultivation season. As a result the planting season in the Luzon Plain will be from 10 days to two weeks later, if nothing unforeseen happens to the weather. There have been some adverse complaints against the NARIC, mostly from buyers and millers, or those with small knowledge of the industry in general. However these have, so far no basis at all in the premises. The fact remains that prices for both rice and palay have been upheld, without the great fluctuations that obtain, and which are in favor of the main factor in the rice industry—the producer. So far there have been none of the threats put into effect, in relation to the landowner and tenant, except in a few minor cases, which have nothing to do with the worker, being solely brain children of the agitator government or other wise, who hope to reap where they have not sown—in the way of salaries and prerequisites. Under the new law, which needs some of its pro visions clarified, agreements between the two parties are perfectly practical provided, however, as they say in legal terms, no third party butts in. MANILA HEMP By H. P. STRICKLER Manila Cordage Company All foreign markets were quiet during the month, with almost a complete cessation of demand, except from London dealers for small quantities of low grades to cover previous short sales to manufacturers. This situation has pro duced a depressed condition in the market, and most merchants believe that a lower level of prices will prevail during the summer months. Local markets eased off a little as a result of the quiet condition in foreign markets; and while the majority of large dealers and producers continue holding back their supplies in an effort to resist lower prices, the smaller dealers and producers have sold limited quantities at lower prices. Production is declining gradually; and if this should continue, it would undoubtedly arrest further decline in prices. Prices of Loose Fiber in Manila Per Picul April 30th CD............. P36.00 E................ 33.00 F................ 26.50 1................. 23.00 S2............... 20.75 JI............... 18.00 G................ 16.50 J2............... 14.50 K................ 13.50 LI.............. 13.00 L2.............. 12.25 May 31st CD............ 1*37.50 E............... 33.50 F............... 27.50 1................ 23.00 S2.............. 20.50 JI.............. 18.00 G............... 16.25 J2.............. 14.25 K.............. 13.25 LI............. 12.50 L2............. 12.00 Prices of Loose Fiber in Davao Per Picul April 30th F P27.50 1................. 24.50 S2............... 22.75 JI............... 22.50 G................ 20.75 H................ 18.00 J2............... 20.50 K................ 18.50 May 31st F............... P28.25 1................ 24.25 S2.............. 22.00 JI.............. 22.00 G............... 20.00 H.............. 17.75 J2.............. 20.00 K.............. 18.25 TOBACCO REVIEW By P. A. MEYER Rawleaf: The local market con tinues quiet, with prices firm. The harvesting of the 1937 crop in Caga yan and Isabela is practically termi nated. Tobacco exports show some heavy shipments to Italy, destined for European monopo lies; shipments to the U. S. A. are, as in preceding months, considerably higher than during the corresponding periods of last year. Australia............................................ 27,848 Belgium............................................. 68,149 China................................................. 46,361 Guam................................................. 1,052 Holland.............................................. 950 Hongkong........................................... 5,235 India................................................... 1,069 Italy................................................... 1,957,266 Japan................................................. 1,756 Java.................................................... 420 Manchoukuo..................................... 12,154 North Africa..................................... 3,561 Straits Settlements........................... 2,513 United States................................... 251,406 May, 1937......................................... 2,379,740 April, 1937......................................... 1,369,886 May, 1936......................................... 1,379,169 January-May 1937........................ 7,529,722 January-May, 1936........................ 7,029,511 Cigars: Comparative figures of shipments to the United States are as follows: May, 1937......................................... 11,647,068 April, 1937......................................... 14,973,188 May, 1936......................................... 16,108,284 January-May, 1937......................... 59,167,097 January-May, 1936 ......................... 67,901,129 REAL ESTATE By P. D. CARMAN Addition Hills May sales were the largest of any month on record with the one exception of January 1931 (1’4,707,095). Aa in all exceptionally large monthly totals, May includes several sales of unusual size—two in Sta. Cruz, one in Binondo, one in Paco and one in Sta. Mesa. 1937 to date is far ahead of January to May inclusive in any year of which we have record, the following being the totals; Sta. Cruz..................... Sampaloc...................... Tondo........................... Binondo........................ San Nicolas.................. Ermita.......................... Malate.......................... Paco.............................. Sta. Ana....................... Quiapo.......................... San Miguel.................. Intramuros................... Pandacan..................... Sta. Mesa..................... Sales City of Manila April May 1937 1937 P 91,959 Pl,461,161 65,011 119,131 66,750 18,583 1,843,002 1,750,000 69,698 23,350 91,200 19,191 126,952 184,783 16,820 78,660 274,655 23,026 73,924 45,980 302,585 8,500 1,400 29,000 1,300 2,131 — 363,000 P3,025,256 P4,126,498 Jan.-May 1919 ............................................ P 8,534,097 1920 ............................................. 7,117,291 1921 ............................................. 3,848,135 1922 ............................................. 4,020,551 1923 ............................................ 4,611,242 1924 ............................................. 5,337,373 1925 ............................................. 6,011,542 1926 ............................................ 5,469,699 1927 ............................................. 4,817,846 1928 ............................................. 7,311,246 1929 ............................................. 9,857,458 1930 ............................................. 8,667,615 1931 ........ 10,336,441 1932 ............................................. 4,019,096 1933 ............................................ 4,904,671 1934 ............................................. 4,700,901 1935 ............................................. 6,704,936 1936 ............................................. 5,591,904 1937 ............................................. 12,295,709 Keys In New Office Architect H. H. Keys has removed his office to 181 called David opposite the Chamber of Commerce. It was formerly in the National City Bank building. The telephone is 2-63-20.