Rice review November 1938

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Part of The American Chamber of Commerce Journal

Title: Rice review November 1938
Creator: Buencamino, V.
Language: English
Source: The American Chamber of Commerce Journal Volume XVIII (Issue No.12) December 1938
Year: 1938
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Fulltext: 36 THE AMERICAN CHAMBER OF COMMERCE JOURNAL December. 1938 EVERETT TRAVEL SERVICE Authorized agents-all lines STEAMSHIP-AIR-RAIL RESERVATIONS AND TICKETS ITINERARIES PLANNED TOURS-CRUISES ARRANGED HOTEL RESERVATIONS TRAVELERS CHEQUESINSURANCE LETTERS OF CREDIT NO BOOKING FEE CHARGED. Southern Island Cru ises Cebu—Dumaguete—Zamboanga Cotabato—Jolo Twelve days through the Sulu Sea NINETY PESOS Sailing Every Thursday New m/s. Legazpi—s. s. Kinau EVERETT STEAMSHIP CORP. 223 Dasmarinas Manila, P. I. Phone 4-98-91 OXY-ACETYLENE Welding & Cutting Equipment Philippine Acetylene Co. 281 CALLE CRISTOBAL, PACO MANILA, P. I. SHIPPING REVIEW Secretary, Associated Steamship Lines By CHARLES KIRKWOOD Our statistics for October 1938 shows that the export movement figures as 218,050 revenue tons, somewhat below September figures but noticeably greater than October 1937 (172,879 tons). Carriers engaged in trans-Pacific trade found difficulty in getting sufficient cargo. The dwindling sugar movement which amount ed to 11,409 tons raw/cent and 2,105 tons refined was offset by increased movements :’n hemp and forest products. All coconut products show increases over September figures. Desiccated coconut shipments were 6,727 measurement tons, a figure that has not been reached for many months. The makers of margarine and lard forwarded 580 tons. The U. S. was the only buyer of coconut oil and took 17,297 tons. The movement of copra was, to U.S. 17,034 tons, to Europe 15,881 tons, to Japan 229 tons and to S. America 100 tons, a total of 33,244 tons. The ship ments of copra cake/meal amounted to 14,107 tons, Europe took the major part 9,600 tons and the U.S. buyers got 4,417 tons, 90 tons to other destinations. It is certainly pleasant to report the hemp situation with 140,911 bales export ed. Europe was again the heaviest buyer, taking 54,166 bales. Evidently Japan has resumed buying as 45,469 bales went to that trade. The U.S. trade improved and took 32,602 bales. 8,674 bales went to scattered world-wide markets. The movement of lumber and logs amounted to 9,429,901 board feet, another report that we take satisfaction in making. Japan again resumed buying and took roughly four million feet of logs. The U.S. took over two million feet. China a triffle less than two million feet. The trade with Europe, Australia and So. Af rica shows a falling off as compared to September but is still quite satisfactory. Mine products: Japan took 77,980 tons of iron ore, 5,500 tons of manganese and a sample 1 ton, total 83,481 tons. The U.S. took 500 tons of chromite and Europe 140 tons. There was shipped 821 tons gold/ silver concentrates to Pacific Coast smelt ers. Singapore took 16 tons of rock as phalt. Grand total 84,958 tons. The cigar trade remained good and there was shipped 888 tons. The trade in leaf tobacco improved by shipping 725 tons but this seems a small amount as compared to former years. Improvement is noted in shipments of gums, junk metals, rope, rubber, cutch, hides, nuts, and canned pine apples. The trade in embroideries, furni ture, kapok, molasses, wines and liquors was slightly off. From our statistics, during October the 223 Dasmarinas VESSEL MM MARECHAL JOFFRE ----- Dec. 22 RL BOLOERAN ------ ------ J;in I P & O CORFU ------ Dec. 24 — APL PRES. ADAMS Dec. 26 ------ ----LT C. BIANCAMANO Dec. 27-----MM ATHOS II ------ Jttn. :, NRM MARNIX ------ ------ Dec LT CONTE ROSSO ------ Jan. 6 ----HEAL SEROOSKERK Jan. 7 ----- ----NDL POTSDAM Jan. 14 ___ -MM JEAN LABORDE Jan. 19 __ B & O CARTHAGE ----- Jan. 21 MM SPHINX ------ -----APL PRES. GARFIELD Jan. 2:! -----P &. O CHITRAL ------ Jan 7 LT VICTORIA Jan. 23 -----APL—American President Line MM—Messageries Maritimes P & O—Peninsular & Oriental LT—Lloyl Triestino HEAL—Holland East Asia Line NDL—Norddeutscher Lloyd Brem< export movement is as follows: A Grand Total of 218,050 tons with a total of 89 sailings (Average 2,450 tons per vessel) of which 17,251 tons were carried in American bottoms with 5 sail ings (Average 3,450 tons per vessel). China & Japan 104,849 51 523 3 Facific Coast Local 27,331 17 7,581 2 Pacific Coast Overland 1,160 10 182 1 Pacific Coast Intercoastal 2,249 5 1,610 1 Atlantic & Gulf 44,394 21 7,289 2 European Ports 34,804 19 All other ports 3,263 26 66 2 RICE REVIEW NOVEMBER, 1938 By Dr. V. Buencamino Manager, National Rice & Com Corporation RICE Further down ward revision in price was regis tered during the month under re view due to the announcement of the second re duction in the price of NARIC rice on Novem ber 9, 1938, to take effect on the 15th. President V. Singson Encarnacion 1 eleased the said announcement as follows: /N RESPONDING TO ADVERTISEMENTS PI.F.ASE MENTION THE AMERICAN CHAMBER OF COMMERCE JOURNAL December, 1938 THE AMERICAN CHAMBER OF COMMERCE JOURNAL 3" ’Bangkok SAILINGS MANILA TO EUROPE VIA SUEZ Courtesy— EVERETT TRAVEL SERVICE Tel. 4-98-91 Singapore Colombo Bombay Aden Djibouti 'Massoua Arrive Leave Leave Arrive Arrive Suez Port Said Malta Naples Genoa *Alexandria "Brindisi *Venice Arrive Arrive Marseilles South hampton “Trieste *Plymouth Arrive London •Bordeaux Arrive Arrive Hamburg Rotterdam •Bremen ’Amsterdam Jan. 7" Jan. 11 -----Dec. 31" Jan. 1 Jan. 7 Jan. 5 Jan. 9 Jan. 14 ------ Jan. 3 Jan. 5 ------Jan. 17 -----Jan. 18 -----Jan. 25" Jan. 28 - _ Jan. 16 ------ Jan. 20 Jan. 26 Jan. 27 Jan. 31 Feb. 1 -----Jan. 17 ------ ----------- Feb. 1 — — -----Jan. 24 Dec. 31 Jan. 4 ----- Jan. 14 Jan. 14 Jan. 19 Jan. 19 Jan. 23 ----- Jan. 31 Jan. 28 Feb. 1 Jan.16 Feb. 4 Feb. 15 ----- ------ Jan. 23 - - ----- Jan. 27" ------ ---Feb. 5 ---- ------ - Feb. 19 Feb. 11 Feb. 3 ----- Feb. 8 - Feb. 10" Feb. 9 Feb. 15 --- - ------ Jan. 14 ------- Jan. 23 ------ Jan. 30" Feb. 2 Feb. 3----- ------ - — Feb. 8 - — Jan. 12 Jan. 31 Feb. 2 Feb. 6 Feb. 11 ------ Feb. 20 Feb. 21 Feb. 22" Feb. 25 Feb. 28 Mar. 1 ---------- Jan. 13 Jan. 14 Jan. 18 Jan. 21 Jan. 25 Jan. 28 Jan. 29 Feb. 1 — ----- Feb. 3 Feb. 9 Feb. 10 — Jan. 26 ------ Jan. 30 Feb. 1 Feb. 5 ------ Feb. 8 - Feb. 11 Feb. 12----- — ----“As the palay which is at present being harvested in Central Luzon, Visayas and Mindanao supplies only part of the market demand and as His Excellency the Pres ident of the Philippines has reduced the duty on imported rice from 5 to 3 centavos a kilo, the National Rice and Corn Corpora tion hereby announces that, beginning No vember 15, 1938, it will reduce the price of its rice from P6.50 to P6.24 a cavan of Macan 2.a, of 57 kilos, net. With this price, retailers in Manila could sell at 27,Z> cen tavos a ganta and still obtain a profit of 19 centavos per sack. In the provinces, the cost of transportation will have to be added to the original price.” Since NARIC rice was the dominating factor during November, the trade had to adjust itself to every change in the price of NARIC rice. During the first week, NARIC was selling mixed Saigon and na tive rice in the proportion of 5 to 1, aver aging 4,000 sacks daily; it jumped to 17,314 sacks on the 9th as pure Saigon was placed on the market, then gradually declined un til the 15th when the new price took ef fect. The second half of the month wit nessed an active market for NARIC rice mainly as a result of the continuous rains which interfered with the drying of the early crop. NARIC sales in Manila during the month amounted to 144,153 sacks valued at P870.621.60. Total arrivals during the month amounted to 28,363 sacks or a de crease of 126,634 sacks from the preceding month. Comparative statistics of arrivals by rail at Manila are given below: RW 19.1 8 Mouth Monthly Monthly Total Total January .......... 184,758 194,586 February ........ 171,115 191,100 March ............. 186,530 166,453 April ............... 176,831 107,882 May ................ 150,383 123,954 Far East—Europe RAPID LUXURY LINERS S.S. “Conte Biancamano” S.S. “Conte Rosso” S.S. “Conte Verde” M/S “Victoria” Via Singapore—Colombo—Bombay—Massowah— Suez—Port Said Regular fortnightly sailings from Manila or Hongkong for Venice, Trieste, Naples or Genoa and to Hongkong and Shanghai Through Tickets to the U. S. and Round the World at Reduced Fares For passage and further particulars apply to F. E. ZUELLIG, Inc., Agents CEBU MANILA ILOILO 55-63 Rosario Passage Tel. 2-31-16 Freight Tel. 2-31-15 Roosevelt Steamship Agency, Inc. REPRESENTING Kerr Steamship Co., Inc.—New York Silver Line, Ltd.—London Prince Line, Ltd.—London Pacific Java Bengal Line—Amsterdam Kawasaki Kisen Kaisha—Kobe Operating the Following Services: Prince Silver Round the World Service (Philippines to U. S. Atlantic Coast Ports via Java, Straits Settlements, Colombo and Cape of Good Hope) Silver Java Pacific Line (Philippines to U. S. Pacific Coast and Gulf Ports, also to Java, Straits Settlements, Bombay, Persian Gulf and Calcutta) “K” Line Round the World Service (Philippines to U. S. Atlantic Ports via Suez) “K” Line Express Service to Atlantic Ports (Philippines to U. S. Atlantic Ports via Panama) r 2-15-21 Trade & Commerce Bldg. Tels.-{ 2-15-22 2-15-23 MANILA IN RES POX DI NC> TO ADVERTISEMENTS PLEASE MENTION THE AMERICAN CHAMBER OF COMMERCE JOURNAL 38 THE AMERICAN CHAMBER OF COMMERCE JOURNAL December, 1938 SAILINGS MANILA to U. S. TRANSPACIFIC 223 Dasmarinas, Manila Courtesy— EVERETT TRAVEL SERVICE Tels.: J Line VESSEL Manila Leave Leave Hong- Shangkong hai Dairen Leave •Naga- Kobe saki Yoko- Honolulu Victoria •Portland Van- Arrive Seattle Arrive San. Fran. Arrive Los CPR EMP. RUSSIA SL SAPOROEA ML NIEL MAERSK SL SILVERBELLE APL PRES. TAFT CPR EMP. JAPAN Dec. 19 Dec. 23 Dec. 24 Dec. 26 Dec. 27 Dec. 23 Dec. 25 Dec. 27 Jan. 1 Dec. 30-----Jan 24 Jan. 26 Dec. 27 Dec. 29 Dec. 31 ------ Jan. 9 ----- ■ ------ ------ Jan. 12* Jan. 5 Jan. 9 ------ ---------- ----- — Jan 28° Jan. 3 Jan. 4 Jan. 12 -----Jan. 29 Jan. 31 Feb. 6 Feb. 11 ----- ------ Jan. 23 Jan. 17 ----- — Jan. 18 Jan. 21 SL JAMBI Jan APL PRES. CLEVELAND Jan BL TAI SHAN Jan SL SILVERGUAVA Jan ML PETER MAERSK Jan APL PRES. PIERCE Jan SL MANOERAN Jan. 26 NYK HIE MARU -----NYK TATSUTA MARU ----NYK HEIAN MARU ----- ------ Feb. 13» Jan. 17 Jan. 18 Jan. 26 •---------- ------ - - Feb. 13 Jan. 31 Feb. 1 Feb. 9 —— ----- ------ ------Feb. 28 Dec. 27 Dec. 30 —-—--------- -----Dec. 27 Dec. 29 Jan. 6 ---------- Feb. 6 Feb. 1 -------------- Feb.------1 Feb. 4 ----- ----- Feb. 13 ----- Feb. 17 Feb. 21 ----- ------ Feb. 24 ----- --------- Feb.----15 Feb. 18 ------ Feb.--- 23 Feb. 1G Jan. 10 Jan. 11 Feb. 4 Feb. 6 . 1. " APL—American President Line CPR—Canadian Pacific Railway SL—Salen Line BL—Barber-Wilhelmsen Line NYK—Nippon Yusen Kaisha June .......... ... 158,499 .. .... 125,092 July ............ .. . 203,269 .. .... 176,599 August .... . . . 143,276 .. ... . 169,677 September . ... 132,115 .. .... 237,127 October .... ... 122,348 .. . ... 155,370 November .. 98,868 .. .... 28,476 TOTAL .. . . 1,727,992 ... ... 1,676,476 Arrivals from Cagayan Valley declined sharply from 31,186 sacks in August, 11,941 in September, 6,992 in October to 214 sacks in November. NARIC prices after Novem ber 15, were as follows: f.o.b. steamer ex-bodega or railroad car, Manila (Per sack of 57 kls., net) Macan No. 2 .... P6.24 .......... P6.27 Saigon ........ 6.24 6.27 Siam ................... 6.24 6.27 P A L A Y Trading in palay in the provinces was fairly active at prices ranging from P3.10 to P3.20 per sack of 44 kilos (old crop). Despite the reduction in the price ot NARIC rice from P6.50 to P6.24 per sack, which ordinarily affects the price of palay, Macan ordinario in Nueva Ecija, Bulacan and Pampanga, remained steady. This is due to the fact that this grade of palay when polished slightly whiter than the NARIC No. 2, commands a premium of 20c to 30tf in the open market. Current quotations: Macan ..........P3.10 to P3.20 per sack of 44 kilos. BY-PRODUCTS Prices sagged off in sympathy with rice. Closing quotations were as follows: Binlid ................. P3.00 per sach of 50 kls. Tiki-tiki No. 1... 1.60 „ „ „ 50 , ” ” 3... 0.80 „ „ 45 ,. Mata-mata ......... 1.50 „ „ „ 45 ,. FOREIGN MARKETS A bumper crop is expected in Burma, Indo-China and Siam. Latest reports from Saigon and Siam quote new crop, January shipment at P3.50 - P3.60 per sack of 57 ki los, c.i.f., Manila. Copra and Its . . . (Continued from page 35) Luzon Stevedoring Co., Inc. Lightering, Marine Contractors Towboats, Launches, Waterboats Shipbuilders and Provisions SIMMIE GRILK Phone 2-16-61 Port Area Hamburg, or from P30.25 up to P31.75 f.o.b., the business being chiefly for December to March. Scandinavian buyers were not particularly interested. At the end of the month there was additional buying interest for the January-March position with sellers fairly well looked after and not particular ly interested. The copra meal business was spotty with a few small sales made to scattered destina tions on the Pacific Coast at prices ranging from $21.00 to $22.00 ex Pacific dock, or $19.50 to $20.50 c.i.f. Pacific Coast. These prices worked out considerably better than cake, taking into consideration the new' reduced freight rate. At the end of the month most mills were sold up until February, at least. Statistics for the month follow: Shipments— Metric Tons Pacific Coast ....................... 4,858 Europe ................................. 6,299 11,157 (Please turn to page 40) IN RESPONDING TO ADVERTISEMENTS PLEASE MENTION THE AMERICAN CH AM DER OF COMMERCE JOURXAI
pages: 36-38