Textiles
Media
Part of The American Chamber of Commerce Journal
- Title
- Textiles
- Creator
- Saussotte, W. H.
- Language
- English
- Source
- The American Chamber of Commerce Journal Volume XXVII (Issue No.11) November 1951
- Year
- 1951
- Rights
-
- Fulltext
- November, 1951 AMERICAN CHAMBER OF COMMERCE JOURNAL 389 fish. There have been large sales of evaporated milk by established importers at prices showing an absolute loss of ?4 to P5 a case on the landed cost. It is in a way fortunate that there are ample stocks of canned fish in the Philippines. Pack this year in Cali fornia in the Monterey District is practically nil. Fishing in Southern California started early October and the catch was fairly heavy at the beginning but has been dropping off ever since and by late October was insignificant. It seems most probable that the canned fish pack in Southern California as well as in the north for the current season will be far below normal and probably insufficient to take care of more than a small portion of the customary export demand. Many packers are withdrawn altogether. Those offering are asking considerably higher prices than were ruling previously. The Import Control Commission has stated it will issue licenses for flour importations for approximately 1,750,000 bags for November and December shipments. Corresponding applications are now being processed and it is expected licenses will be issued for the entire quantity very shortly. Considerable delay is still being encountered in securing import licenses from the I.C.C. That body has presented its problem to President Quirino with the request that an increased budget be authorized so that it can properly handle the work. Up to this date no action has been taken on this request and applications continue to pile up in the I.C.C. Office awaiting processing. Textiles By W. V. Saussotte General Manager Neuss, Hesslein Co., Inc. THE weakening in local prices for cottons which began in mid-September, continued during early October and appears to have reached present levels around October 10. Since that time prices have remained steady. As noted previously, this weakening has been caused pri marily by the relatively heavy arrivals during the last three months against the old PRISCO licenses for decon trolled cottons. Prices for rayons likewise continued to fall in sympathy with the reductions in cottons, but this was caused pri marily by lower prices in the United States rather than by heavy arrivals. However, in the instance of rayons, the decline has not been as marked. During October, prices in the United States remained firm in respect to cottons, with slight decreases in print An IMPORTANT PERSON In Your Life Here is the important young lady upon whose finger tips depend much of your daily life’s routines —your telephone operator. She helps your words of romance, friendship, busi ness, speed on their way to any point around the world. Her qualities are part of her tradition. There still is a scarcity of telephone materials, but there never has been a scarcity of the operator’s devotion to duty. The operator, with her patience, industry and cour tesy, is an important person in your life. PHILIPPINE LONG DISTANCE TELEPHONE COMPANY Maijquez de Comillas, Manila OUR POLICY: The best possible service at the lowest cost consistent with financial safety and fair treatment of employees. NEUSS, HESSLEIN & CO., II. 75 WORTH ST., NEW YORK, N.Y. FOREMOST SUPPLIERS OF TEXTILE FABRICS THROUGHOUT THE WORLD for 86 years and FOREMOST SUPPLIERS OF TEXTILES TO THE PHILIPPINES FOR 51 YEARS. “A Few Poems and Essays” by A..V. H. Hartendorp—Off the press end of November. Obtainable at the Philippine Education Company, other book dealers, and from the author. 100 pp., board cover, P3.00. AGENTS BROKERS CHARTERERS TELEPHONES 3-34-20 3-34-29 American Steamship Agencies, Inc. Manila, Shanghai, Tokyo, Yokohama Cable Address: 203 Myers Bldg. “AMERSHIP” Port Area Manila • FAUST SUITINGS • FLATTERY PRINTS • WALDORF PERCALES • SEINE TWINE & YARNS • AGUILA DENIMS • CARABELA CHAMBRAYS • COMMANDER BROADCLOTH • COTTON & RAYON POUND-GOODS -------------------------- MANILA OFFICE:--------------------------209 ROSARIO ST. MANILA PHONE 2-97-31 Cable Address “NEIIESCO” 390 AMERICAN CHAMBER OF COMMERCE JOURNAL November, 1951 BUILD WITH JALKBILT BLOCKS Your Answer to Gives you: Fire Safety Low Upkeep Weather Tightness low cost housing Lifelong Durability Low Insurance Rates Vermin Proofness ¥ Sole Distributors NORTON & HARRISON COMPANY 814 ECHAGUE, MANILA Tel: 3-34-11 Tel: 3-34-12 Cards you’ll be proud to send, arc SMARTLY STYLED Made-to-Order CHRISTMAS CARDS B Authentic portrayals—yours exclusively—in a style all your own, ft depicting the scene, quaintly exJ pressing the story you wish to tell. In beautiful Christmas colors B or in black and white, with a facX simile of your personal signature JT or imprint. There’s still time to make up a special for you—if you’ll give us your B order NOW. X Experienced Craftsmanship—that knack of getting J things done the finest way! McCullough Printing Co, (Printing Headquarters Since 1899) A DIVISION OF PHILIPPINE EDUCATION CO. 1104 Castillejos, Quiapo, Manila '1’el. 3-21-70 cloths and slight increases in certain colored woven goods, particularly denims. Rayon prices in the New York market weakened somewhat during the last thirty days. The relatively heavy arrivals of cottons will probably continue during November and December, but should drop off noticeably shortly after the first of the year, by which time practically all of the shipments against the old decontrolled PRISCO licenses will have arrived. Whereas all of the bulk of staple cotton goods were decontrolled by PRISCO, only denims and utility chambrays are considered as “controlled essentials” under the new ICC classification and all other cotton staple items fall within the category of “controlled non-essentials”. During the last eight weeks or so, the ICC has been issuing licenses to old importers on the basis of 15% in the case of “controlled essentials” and 10% in the case of “controlled non-essentials”, the percentages being based on the licensee’s 1949 imports. However, the ICC passed Resolution No. 78 during the last week in October, increas ing the licensable quantity of “controlled essentials” from 15% to 20% of 1949 imports. There has been no announced increase in respect to licenses for “controlled non-essentials.” It is to be noted that the licenses thus far issued by the ICC in respect to textiles have been in favor of old im porters and producers only, thus far no licenses have been granted to new importers. Because of the relatively small value of cotton goods licenses being issued by the ICC in comparison with the value licensed by PRISCO, it is expected that local market prices will begin to rise during the early part of 1952 when arrivals will no longer be able to keep pace with take-offs. Weight is added to this consideration in view of the fact that the ICC still has not issued any textile licenses to new importers, whereas they received a considerable number of licenses under the PRISCO decontrol plan. touring the last ten days, the ICC has held several ■^public meetings with reference to the implementa tion of Section 13 of Republic Act 650 which, in effect, requires that importers |reserve for sale to bonafide Fili pino merchants at least 50% of their imports. In the instance of textiles, this involves a requirement whereby the offers made to trade representatives of the Bureau of Commerce must be accompanied by samples. In itself this would have imposed an extremely heavy burden on importers of certain textiles, particularly importers who specialize in “retazos”. However, it is understood that the ICC has taken cognizance of the inherent difficulties, and is considering exempting certain types of textile im ports from the sample requirement, so that it is felt that when the rules and regulations for the implementation of Section 13 of Act 650 are finally announced, they will em body a system which will be realistic and in accord with both accepted trade practices as well as the intent of the law. HALL, PICORNELL, ORTIGAS & CO. INVESTMENT BROKERS, DEALERS & UNDERWRITERS MEMBERS 201 AYALA BLDG. MANILA STOCK EXCHANGE MANILA November, 1951 AMERICAN CHAMBER OF COMMERCE JOURNAL 391 touring October, arrivals from the United States tostalled 24,522 packages, an increase of about 8,000 packages in comparison with September arrivals. The arrivals from the United States included 12,840 packages of cotton piece goods and 1585 packages of rayon piece goods. Included also were 902 packages of cotton sewing thread, 167 packages of cotton seine twine and wrapping twine, and 1065 packages of cotton ducks. Cotton pound goods totalled 5,879 packages, while rayon pound goods amounted to 709 packages. Arrivals of all textile items, including made-up goods from countries other than the United States, totalled 2,874 packages; this includes 370 packages from China, 449 packages from Japan, 723 packages from Europe of which 441 packages consisted of cotton sewing thread, and 783 packages from India consisting entirely of Hessian Cloth and/or Hessian bags. Total arrivals from all countries during the month of October amounted to 27,396 packages, compared with 20,674 packages for September. This is notably more than the average annual monthly arrivals of 22,600 packages during 1949. ★ LUZOIII SmEDORinG COMPANY, INC. Manila Legislation, Executive Orders, and Court Decisions By Robert J and a Ross, Selph, Carrascoso & Janda DURING the past month the Supreme Court, in the case of Tolentino vs. Board of Accountancy, et al., G. R. No. L-3062, upheld the constitutionality of the provision of the Philippine Accountancy Law allowing use of trade names by accounting firms. The case is prin cipally interesting, however, as setting forth the following requisite facts and conditions for maintenance of an ac tion for declaratory relief as follows: (1) There must be a justifiable controversy between persons of adverse interest, (2) who must themselves have a legal interest in the con troversy (3) which must itself have reached a point where judicial settlement of the issues is proper. In the case of Agcaoili vs. Agcaoili, the Court held that an action brought on an obligation incurred during the occupation which was payable 90 days after the signing of a peace treaty in the Far East, had been prematurely brought as the debt was not due. In the case of Bacolod-Murcia Milling Co. vs. De la Rama, the Court considered the case of a piece of real estate which had been sold to and in the possession of the EDISON NICKEL-IRON-ALKALINE STORAGE BATTERIES For Industrial Trucks,—Mining Locomotives PRIMARY CELLS for Communication—Navigation Aid Service Bailway Signal Write for Application Date and Price to W. A. CHITTICK & CO., INC. Philippine Distributor 31 Romero Salas, Ermita, Manila ★ SERVICE WITH SATISFACTION / CUSTOMS BROKERS t WAREHOUSEMEN / TRUCKING / PACKING & CRATING / FREIGHT FORWARDING / SHIP HUSBANDING / CARGO SUPERINTENDENCE / ARMORED CAR SERVICE t AIR CARGO AGENTS / TRAVEL AGENTS I FIELD WAREHOUSING LUZON BROKERAGE COMPANY Derham Bldg. Cables: Telephone: Port Area LUBROCOIN 3-34-31
- pages
- 389-391