Electric power production

Title

Creator

Cotton, J. F.

Language

English

Source

The American Chamber of Commerce Journal Volume XXVII (Issue No. 5) May 1951

Year

1951

Rights

In Copyright - Educational Use Permitted

Fulltext

156 AMERICAN CHAMBER OF COMMERCE JOURNAL May, 1951 CALTEX is a leader in the Field oF production and distribution oF these essential petroleum pro ducts—a name that stands For unexcelled quality and uniformity in the petroleum industry. There are more than 3,000 CALTEX dealers in the Philippines to serve your needs in motor, aviation and industrial lubricants— gasoline, Diesel fuels, kerosene and other petroleum products of un surpassed excellence. CALTEX (PHILIPPINES), INC. P5,272,052, represented deals within Manila proper, while 486 sales, with a total value of P3,404,644, were sales within thp cities of Quezon and Pasay, and in the suburban towns of Caloocan, Makati, Malabon, Mandaluyon, Paranaque, and San Juan. Among the bigger sales registered during the month in the City of Manila were: A three-story building of reinforced concrete, the “Brias Roxas Building Annex”, with a lot of 486.3 square meters, situated on San Vicente Street, Binondo, sold by the Brias Roxas, Inc. for P365.000; A property with a lot of 356.5 square meters on Tabora Street, San Nicolas, sold by S. Corrales Tan to Santiago Tan for P200.000; A property with a lot of 344.8 square meters on Evangelista and Palma streets, Sta. Cruz, sold by Ruben Castaneda to Jose Tan for P180.000; A parcel of 2,458.1 square meters on Pennsylvania Street, Malate, sold by Filemon Salcedo, Jr., to Isabel K. Reyes for P159.777; A tract of 22,504 square meters on P. Sanchez Street, Sampaloc, sold by Esperanza Siochi to Mariano de los Santos for P146.276; A property with a lot of 1,634.3 square meters on Gral. Solano, corner Espinosa, corner Padilla streets, San Miguel, sold by Encarna cion de Leon to Francisco Jose for P112.000; A property with a lot of 1,602 square meters on Dart, corner Belen streets, Paco, sold by E. E. Elser, Inc. to Lucia Hernandez for P70,000; and A property with a lot of 226.4 square meters on Nueva Street, -Binondo, sold by Renato Arevalo to Mercantile Investments Co., Inc. for P70.000. Real estate mortgages registered in the Greater Manila area during the month of April, 1951, numbered 358, with a total value of P5,289,762, as compared with 371, with a total value of P 7,408,114, registered during the month of March. Of the April total, 165, with a total value of P3,140,154, represented deals within Manila proper, while 193, with a total value of P2,149,608, were mortgages within the cities of Quezon and Pasay and in the suburban towns above mentioned. REAL ESTATE SALES {January to April, 1951) Manila Quezon City Pasay City Suburbs Total January.... 1’4,466,475 1’1,267,690 P743.346 Pl,453,264 P7,939,775 February.. . 3,549,050 3,775,341 709,598 1,411,773 8,445,762 March....... . 4,562,104 1,698,970 645,878 1,814,525 8,721,477 April........... . 5,272,052 1,178,036 487,954 1,738,654 8,676,696 REAL ESTATE MORTGAGES (January to April, 1951) January... . P2,105,600 P 490,457 P 272,300 Pl,051,546 P3,919,903 February.. . 5,636,640 1,106,948 869,100 1,722,790 8,334,848 March....... . 3,817,877 1,373,880 245,760 1,970,627 7,408,114 April.......... 3,140,154 902,932 188,750 1,057,926 5,289,762 Electric Power Production (Manila Electric Company System) By J. F. Cotton Treasurer, Manila Electric Company 1941 Average—15,316,000 KWH KILOWATT HOURS 1951 1950 January............................................. 40,713,000 37,661,000 February........................................... 37,066,000 33,828,000 March................................................ 40,117,000* 38,107,000 ’Revised May, 1951 AMERICAN CHAMBER OF COMMERCE JOURNAL 157 April.................................................. 39,080,000** 35,378,000 May.................................................... 37,611,000 June.................................................... 37,529,000 July.................................................... 38,774,000 August............................................... 39,872,000 September........................................ 38,791,000 October.............................................. 40,657,000 November......................................... 39,268,000 December......................................... 41,099,000 Total................................. 458,576,000 ♦*Pa-:ially estimated /^vutiIut in April was 3,702,000 kwh, or 10.5% above '^Apjil, 1950. The higher rate of increase is due to the fact Ilfat the Easter holidays were in April last year, while they were in March this year. Output in May is expected to esjual the January output. Port of Manila By R. L. Moore General Manager, Luzon Brokerage Company IMPORTS have continued to stream into the Philippines this past month in larger quantities than has been wit nessed in some years. At one time during the past ten days, there were some 16 ships on berth, at anchorage, and in the breakwater. Shades of yesteryear! It is very difficult to prognosticate the level or volume on the basis of any constancy. In fact, everyone feels that the present high level is attributable to first-quarter returns and that there is a lull in the offing. With the vacillating policy existing in controls, including constant personnel changes and day-to-day startage and stoppage in the issuance of licenses—very often with little or no reason, it is impos sible that there could be any regular flow. Certainly there is no room for accurate prophecy as to the future. Customs continues to sanction the in-transit customs storage which operates under what the Warehousemen’s Association and the Brokers’ Association term “irregular practices” for several valid reasons: (1) the contract was let on a negotiated basis, without opening to invitation for bid from the already established warehousemen in the business; (2) it is operated at rates much higher than the Warehousemen’s Association’s established rates, which, of course, redounds to the disadvantage of the public. The Customs Brokers’ Association has protested to the Com missioner of Customs on these grounds and others, but to date the protest has gone by the board, the only explana tion offered being that little or no in-transit cargo goes into this terminal bonded warehouse and that, rather, the cargo is retained in the pier sheds which are ample to>» handle such in-transit storage. As to capacity, the latter may be true. However, in point of fact, considerable storage passes into this in-transit bonded warehouse, as may be seen by checking on the storage charges paid by the various brokerage firms. It is very galling to all of us, regularly established in the business, to have to pay in behalf of our customers exorbitant storage rates, when all of us have maintained and operated regularly bonded warehouses for this purpose. Something should be done about this! At this time of the year, of course, our packing and crating business bursts into full bloom, what with all the vacationists and business people and their families return ing to their homes on leave. Often there are those leaving on a one-way ticket,—we see much of this from our perch here on the waterfront, and we must say that it is often with regret that we set about the handling of such work. quality Colgate-Palmolive products. COLGATE-PALMOLIVE PHILIPPINES, INC. MAKATI, RIZAL

pages

156-157

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