The rice industry

Title

The rice industry

Creator

Hill, Percy A.

Language

English

Source

The American Chamber of Commerce Journal Volume 6 (Issue No.10) October 1926

Year

1926

Rights

In Copyright - Educational Use Permitted

Fulltext

October, 1926 THE AMERICAN CHAMBER OF COMMERCE JOURNAL 27 TOBACCO REVIEW By P. A. Meyer Alhambra Cigar and Cigarette Manufacturing Co. RAW LEAF: No important develop ments in the local market can be re ported for Septem ber. Buying, in li mited quantities, in a few Ysabcla dis- . tricts, has been started toward the latter part of the month by some of the local factories. Local dealers have ilready received parcels of the new Cagaran and Ysabela crops but so far no im>ortant transactions resulted. The export >usiness is very quiet, only one fair sized •onsignment to France being noticeable. Shipments abroad during September are as ollows: Leaf Tobacco and Scraps Kilos Australia ................ . ...’ 481 China ...................... ........ 3,207 France .................... ........ 574,080 Holland ................... ........ 105,895 Hongkong ............... ........ 4,140 Indochina ............... ........ 53 United States ........ ........ 43,011 730,867 CIGARS: September shipments to the United States show a decrease of nearly 40% over the corresponding 1925 figure, a result of the cigar-makers’ strike, which was terminated only on September 27. The laborers returned at the old wages with the understanding that committees of manufac turers and cigarmakers, to be appointed, would work out a reduced schedule of wages, to become effective after November 6. Comparative figures for the trade with the United States are as follows: Cigars__ September 1926 ........ 13,758,438 August 1926 ........ 13,579,849 September 1925 ........ 21,812,973 THE RICE INDUSTRY By Percy a. Hill of Munoz Nueva Ecija, Director. Kice Producers' Association, Prices for palay have taken a slight downward trend at a time when they ordinarily increase Rice as a consequen ce has also decreas ed in price in the consuming centers and ranges from P9.40 to 9.70 per sack according to grade. The reason given is that stocks held for the European market remain un called for in Indo-Asia, hence a small de crease in price accelerates trade. The present outlook for the Philippine crop is good, but weather conditions, as always, will predicate the full or partlly filled breadbasket. The new irrigation systems will of course insure the crop returns based on moisture properly distributed but plant ers in the areas affected have not as yet got into the game of selecting a seed that will give greater returns-which after all will be based on the actual ability to de liver the water as per contract. The field for chemical fertilizers for the rice producer is opening up, but sales of these will be-based on the old economic law of returns in proportion to costs. Ad vance by trial and error will rule for some years until a fertilizer is evolved that will satisfy both Philippine soil conditions and the pockets of the producers, all of which will connote an advance for our basic in dustry. In reference to this we might say the Philippines are handicapped by freight conditions except when the fertilizers are shipped in their more concentrated form and mixed by capable chemists who are familiar with Philippine conditions. Their universal use will of course increase yields, which after all is the vital need of the rice in dustry. A bumper crop of rice will of course result in a lowering of price and all other industries will benefit by this factor. Again in some cases areas will be abandon ed to grow export crops which promise to render greater returns. A rise in the price of the cereal would again cause these to be planted to rice, and so it goes. Not only do we need stability in the political future but we also need stability along agricultural lines well, all of which is no doubt due at a not very distant day. SEPTEMBER SUGAR REVIEW By George H. Fairchild NEW YORK MARKET: The New York spot mar ket during the month of September has ruled steady and firm with prices on the upward trend. The market opened at the be ginning of the month with sales of Cubas at a price of ZVtC c. & f. equiva lent to 4.27<J landed terms, duty paid, for Philippine centrifugals. This price was maintained throughout the first week. To wards the second week the market took an upward trend and substantial quantities of Oubas were sold on the basis of 2%<? c. & f. or 4.40£ landed terms, duty paid, for centrifugals. The market continued strong and steady with advancing prices toward the latter half of the month and Cubas were sold at prices ranging from c. & f. to 2-25/32^ c. & f. Toward the close of the month prices again ad vanced to 2%(' c. & f. for Cubas, equivalent to 4.65^ landed terms, duty paid, for Phil ippine centrifugals, the highest price ob-, tained for sugar since April of last year. Stocks in the U. K., U. S., Cuba and five principal continental countries at the end of September were 1,940,000 tons as com pared with 1,550,000 tons at this time last year and 810,000 tons in 1924. It is to be noted from these figures that there has been a decrease of visible supplies of 1,010,000 tons from those of the previous month as compared with a decrease of r NOTEi 'THESE1! i facts; A Means to an End. WE often hear the expression “I need glasses." This is quite true in a way, but the thing that is needed before glasses is advice—competent, professional advice—such as CLARK & CO. Optomet rists are able to give. Glasses or lenses are only the means of translating correct optical service into con crete usable form. at Always the best in quality but never higher in price. Washington Grocery NG TIP & COMPANY Exclusive importers Colonial Brand Best German Export Beer Light Wines and Liquors 207-209 ECHAGUE PHONES/ 1065 IN RESPONDING TO ADVERTISEMENTS PLEASE MENTION THE AMERICAN CHAMBER OF COMMERCE JOURNAL

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27

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