U.S. -- the crop situation

Title

Language

English

Source

The American Chamber of Commerce Journal Volume 7 (Issue No.9) September 1927

Year

1927

Rights

In Copyright - Educational Use Permitted

Fulltext

22 THE AMERICAN CHAMBER OF COMMERCE JOURNAL September, 1927 RAIL COMMODITY MOVEMENTS By M. D. Royer Traffic Manager, Manila Railroad Company U. S.—THE CROP SITUATION REVIEW OF THE HEMP MARKET By T. H. Smith Vice-President and General Manager, Macleod &• Company The following com modities were received in Manila July 26 to August 25, 1927, both inclusive, via Manila Railroad: 1927 Rice, cavans. . Sugar, piculs. . Tobacco, bales. Copra, piculs.. Coconuts......... 265,000 16,668 39,600 157,300 2,705,000 Lumber, B.F................... 202,500 Desiccated coconuts, cases 15,334 July 275,750 18,816 37,300 120,500 1,022,000 523,800 12,382 The small grain crops are nearly made, with yields better than those of last year. The Government’s estimate upon winter wheat, based upon prospects July 1, is for 579,000,000 bushels, against 627,000,000 last year and 556,000,000 as the average of the last five years. Spring wheat promises a much larger yield than last year, to-wit: 274,000,000 bushels, against 205,000,000, at which the total of all wheat would be 22,000,000 larger than last year. The condition of Spring wheat, however, improved during July, and the crop is likely to make 300,000,000 bushels. From Minnesota to the Pacific Coast there is scarcely a break in the favorable reports upon the outlook, not only for wheat but for other crops. This report covers the markets for Manila Hemp up to and in cluding August 29th, 1927. U. S. Grades: U. S. market opened quiet with shipping houses showing more desire to make progress. Nomi nal quotations were D, 18-1 4 cents; E, 17-1 '4 cents: F, 16-3/8 cents; G, 10-1/8 cents; H, 9-1/2 cents; I, 14-3/4 cents; JI, 11-3/4 cents; SI, 16-1/8 cents; S2, 14-3/8 cents. Very little business was transDon’t waste money: Use our free service OIL IN MALAYSIA Three fields in Malaysia and southeastern Asia are now producing oil, Borneo, Burma and Sumatra, and the black gold seems inexhaustible in all of them. Success has followed the employ ment of American expert drillers in Burma and Sumatra, replacing Europeans. The Americans seem to have the knack of making good strikes, they put on their jumpers and stay with the job. For instance, four years ago, when the shift was made from Europeans to Americans on one concession in Sumatra there were three flowing wells, and now there are 36 flowing wells. The Burma fields are north of Rangoon, near Mandalay; the old Mermain pagoda now looks lazy at the sea over a skyline of derricks; the gusher is rousing the place from its dreamy mysticism. Business is shared by several com panies, all English capital. The Anglo-Persian and Burma Oil companies are prominent. They don’t hesitate to employ Americans. The Borneo field is exclusively dominated by the Shell company, supplying its trade in the Phil ippines from its refineries at Balikpapan. The Standard Oil company ventured into Borneo 18 years ago, had small luck and then went into the Sumatra field. This is in the Palembang Residency, in southern Sumatra, the field lying west of the port of Palembang. There are three concessions theie. The Standard’s first well is eight years old. It now has 40 producing wells, all flowing, all averaging 4,000 barrels per day. This supply is largely held in reserve. A refinery, the most modem in the world, it is said, has been erected at Palembang at a cost of $4,000,000. It is in the charge of an American and has a daily capacity of 7,000 barrels. The district is grow ing in importance, therefore, Sumatra has proved to be another bonanza oil field. This will show more in the future than it does now. The output of oil in the Dutch East Indies in 1926 was 21 million barrels, and all but 28,000 barrels was Shell product. In the oil fields of Sumatia, Malays, Javanese, and Chinese are employed as workmen. They work in gangs of seven, each gang having over it a straw boss, and wages are 40 to 60 cents a day. After several years of struggling with surplus stocks, the leather industry has so thoroughly liquidated itself that there is now a scarcity of raw and finished supplies, not alone in this country but all over the world. With demand for leather increasing, and no way of immediately increasing the supply of hides, prices have ad vanced sharply. Express Pick-up and Delivery Service The MANILA RAILROAD EXPRESS TRUCKS furnish free PICK-UP SERVICE for BAGGAGE or EXPRESS SHIPMENTS to be transported outbound over the Railroad. Those desiring to avail themselves of this SERVICE may do so by giving the necessary instructions to the billing clerk at the EXPRESS OFFICE or Calling up Telephone 4-97-75 or 4-98-61. ECONOMY, CONVENIENCE and SATISFACTION are the outstanding features of this SERVICE. This is one of the FACILITIES offered by the MANILA RAILROAD for the accommodation of its PATRONS. For this SERVICE a Fleet of EXPRESS TRUCKS is operated by the COMPANY to make home deliveries of BAGGAGE and EXPRESS SHIPMENTS within the Manila City Limits and to designated districts within the municipalities of PASAY and SAN JUAN DEL MONTE, Rizal, at low RATES. MANILA RAILROAD COMPANY 943 AZCARRAGA MANILA, P. I. IN RESPONDING TO ADVERTISEMENTS PLEASE MENTION THE AMERICAN CHAMBER OF COMMERCE JOURNAL

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