Rail commodity movements
Media
Part of The American Chamber of Commerce Journal
- Title
- Rail commodity movements
- Creator
- Lazaga, Leon M.
- Language
- English
- Source
- The American Chamber of Commerce Journal Volume XVIII (Issue No.12) December 1938
- Year
- 1938
- Rights
-
- Fulltext
- 40 THE AMERICAN CHAMBER OF COMMERCE JOURNAL December. 19 >8 RAIL COMMODITY MOVEMENTS By LEON M. LAZAGA Traffic Manager, Manila Railroad Company FREIGHT REVENUE CAR LOADING COMMODITIES The volume of commodities received in Manila during the month of November 1938, via the Manila Railroad Company are as follows: Rice, cavanes......................... 27,021 Sugar, piculs......................... 25,408 Copra, piculs......................... 128,449 Desiccated Coconuts, cases . . 31,746 Tobacco, bales....................... 607 Lumber, board feet............. 861,075 Timber, kilos......................... 1,430,000 Rice .............................. I'alay ............................ Sugar Cane .............. Copra ............................ Coconuts ...................... Molasses ...................... Tobacco ........................ Livestock .................... Mineral Products Lumber and Timber.. Other Forest Products : Manufactures ............ j All Others including L.C.L............................| TOTAL The freight revenue car loading statistics for four weeks ending November 19, 1938, as compared with the same period of 1937 are given at right: NUMBER OF I FREIGHT FREIGHT CARS, TONNAGE i 1937 | .301 i 1938 280 5.218 13 1.1' .265 15.824 __________ SUMMARY Week ending Oct. 29 Nov. 5 '• 12 ,i 1.270 1,058 1.129 1.761 1.375 1,304 1,188 1,398 12,220 9.061 20^539 12,760 12.359 10.838 16,702 ( 105) ( 510) ( 246) 1 ( 3.298) | ( 59, I < 805) 363 3,837 ■ TOTAI.................... J__ 5.218 5.265 51.853 52.659 1J=.£D___ (__ 8062. NOTE—Figures in parenthesis indicate decrease. U. S. Foreign . . . (Continued from page 31) withstanding the recent market expansion in durable goods industries, the aggregate output of such products is still compara tively low. Although railroad equipment orders are still in mail, the railway outlook has improved and weekly freight carload ings exceed 1937 figures in mid-November for the first time this year. Retail sales of general merchandise have improved during November and the loss in dollar volume from a year ago was reduced to about five per cent, compared with 10 per cent in October. Retail sales of passenger automobiles mounted rapid ly as dealers were supplied with cars to deliver against the substantial volume of orders built up with the introduction of new models. Monthly income payments, the most inclusive single indication of cur rent economic change, have increased steadily since May, the 1938 low point and for the final quarter of the year, it is like ly that “real income” will exceed the total for the same period last year. Total employment in non-agricultural pursuits increased by about 900,000 work ers between July and mid-October, an J about 1/3 of those who lost their jobs after autumn last year have returned to work. Commodity prices during November were generally stable both in raw materials and finished products. Prices of farm products have remained around the year’s lows but the Department of Agriculture estimates cash farm income for the present year at $7,600,000,000 compared with the depres sion low of $4,300,000,000 and about $1,000,000,000 below last year. Copra and Its . . . (Continued from page 38) Beginning End of of Month Month Stocks on hand— Tons Tons Manila and Cebu .. 8,216 7,773 DESICCATED COCONUT—Sales of de siccated in the New York market fell off approximately 20*/ as contrasted with Oc tober, which is usually the peak month for the Christmas trade. December sales are expected to decline even further. Desiccat ed prices, however, held steady and aver aged possibly a shade better than those of October for fancy cuts. Stocks of desiccat ed in the New York market were normal. Mills in the Philippines were operating at fair capacity for this time of year. Ship ments for the month totalled 3,479 tons. GENERAL—At the close of November buyers and sellers of copra were more or less at a stalemate. Buyers saw very lit tle promise for higher prices in the future, and sellers saw no profit in buyers’ quota tions. It was thought that some large mid dlemen were accumulating stocks of copra in the provinces with the hope of holding them for better prices and, if necessary, carrying them over into 1939. Copra prospects in general were good, the weather having been favorable, and it was thought that there should be plenty of copra in sight to meet all demands up to and including the best part of January. Demand for oil was light and for far for ward positions and it was not expected that a great deal of oil could be sold ir. De cember. IN RESPONDING TO ADVERTISEMENTS PLEASE MENTION THE AMERICAN CHAMBER OF COMMERCE. JOURNAL BUSINESS AND PROFESSIONAL DIRECTORY It ® a T P. O. Box 1394 Telephone 2-20-70 CHINA BANKING J. A. STIVER Attorney-At-Law—Notary Public CORPORATION Certified Public Accountant MANILA, P. I. Administration of Estates Receiverships Investments Collections Domestic and Foreign Banking Income Tax of Every Description 121 Real, Intramuros Manila, P. I.
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