Real estate

Title

Real estate

Creator

Varias, Antonio

Language

English

Source

The American Chamber of Commerce Journal Volume XXVIII (Issue No.1) January 1952

Year

1952

Rights

In Copyright - Educational Use Permitted

Fulltext

Credit By C. W. Muilenburg Manager, Credit & Collection Department International Harvester Company of Philippines November.................................................. 42,628,000* 39,268,000 December.................................................. 45,700,000** 41 099,000 Total.................................................. 497,265,000** 458,576,000 Association of credit men, inc. (p.i.)The Association held its regular monthly directors’ meet ing December 18, 1951, and reviewed and adopted proposals for various changes and revisions in process report sheets and reciprocal report forms. It is to be hoped that these revised forms will prove to be of considerable assistance to all members, in that the changes should pro vide more complete and pertinent and helpful information without imposing hardship on members who provide the information. These forms are being printed and will be submitted to all members for approval before they are put into use. The change results from deletions of items no longer applicable and inclusion of others which now seem advisable and other changes to simplify and clarify the reciprocal report itself. The membership of the Association was increased in December by two new members, Warner, Barnes 8c Co., Ltd. becoming an active member as of December 1, 1951, and Atlantic Gulf and Pacific Co. as of December 15,1951. The directors are interested in increasing still further active membership in the Association by admitting reputable and qualified firms. An important function of the Association of Credit Men, which is not generally known to outsiders, is to pro vide protection to members not only in the matter of com mercial credits and directly related matters, but to perform such kindred lines of work with the idea of bringing about mutual improvement and greater security and certainty in business customs and usages of trade. The Articles of Incorporation and the By-Laws and the Code of Com mercial Ethics as adopted by the Association (substantial parts of which have previously been printed in this Journal) clearly point out the purposes of the Association and the methods by which it is operated. The Association has continuously advised its members of specific instances of unfair and unethical dealings and transactions and has attempted to provide advice sufficiently early to all members to protect them against unethical practices. Some of these general practices are dishonest and some illegal.' In this activity the Association has not only protected its members, saved them unnecessary expense, but has served to im prove the standard of practices in the community. The Association is quietly but actively undertaking such steps as it can to improve justice and fair dealing among all people doing business in the Philippines since it is upon this justice and fair dealing that the entire structure of credit is so dependent. ’•Partially estimated. several electric production-records were established ‘■’in December; the highest monthly output; the highest daily output of 1,611,900 kwh on December 21; and a new peak of 114,400 kw also on the 21st. December output was 4,601,000 kwh above December 1950, an increase of 11.2%. This is the highest rate of increase in over a year. Output for 1951 was 38,689,000 kwh above the year 1950, an increase of 8.4%. This compares with an increase in 1950 over 1949 of 38,135,000 kwh, 9.1%. In 1952 it is expected that additional industrial loads will slightly accelerate the rate of increased output. Real Estate By Antonio Varias Vice-President, C. M. Hoskins &> Co., Inc., Realtors Electric Power Production (Manila Electric Company System) By J. F. Cotton Treasurer, Manila Electric Company REAL estate sales in the Greater Manila area regis tered during the month of December numbered 549, with a total value of P7,871,967, as compared with 457, with a total value of P5,008,804, registered during the preceding month of November. Of the December sales, 168, with a total value of P2,622,303, represented deals within Manila proper, while 381, with a total value of P5,249,864, were sales within the cities of Quezon and Pasay, and in the suburban towns of Caloocan, Makati, Malabon, Mandaluyong, Paranaque, and San Juan. Among the bigger sales registered during the month were: A tract of 28,888 square meters on Baranca, Mandaluyong, sold by Ortigas, Madrigal y Cia. to Philippine Industrial Textile Manufac turing Co. for P202.216; Several lots in Calaanan, Caloocan, sold by Toribio Teodoro to Toribio Teodoro & Sons, for the reported sum of P184.308; A property with a lot of 2,782.4 square meters on Taft Avenue, Malate, sold by Vicente Ang to Jesus G. Barrera for P140.000; A whole block situated in North Balut Subdivision, Tondo, sold by the B & I Realty Company to Eduardo Co Seteng 8b Sons for Pl 18,637; A parcel of 3,858 square meters on Otis and Sanciangco streets, Paco, sold by Felipe Juico to the Bulkley Dunton Paper Company for Pl 10,000; and A 2-story building with a lot of 601 square meters at 912-916 Lope de Vega, corner O’Donnell streets, Sta. Cruz, sold by Gabriela de Leon to Beatriz de Tanjuako for P110.000. Real estate mortgages registered in the Greater Manila area during the month numbered 463, with a total value of P9,201,607, as compared with 458, with a total value of P9,255,414, registered during the month of November. Of the December total, 189, with a total value of P3,186,761, represented deals within Manila proper, and 274, with a total value of P6,014,846, were deals within the cities of Quezon and Pasay, and in the suburban towns mentioned above. 1941 Average—16,316,000 KWH REAL ESTATE SALES (From January to December, 1951) KILOWATT HOURS 1951 1950 January...................................................... 40,713.000 37,661,000 February.................................................... 37,066,000 33,828.000 March......................................................... 40,117,000 38,107,000 April............................................................ 39,197,000 35,378,000 May........................................................... 40,405,000 37,611,000 June...................................................... 40,712,000 37,529,000 July............................................................. 42,041,000 38,774,000 August........................................................ 42,817,000 39,872,000 September................................................. 41,852,000 38,791,000 October...................................................... 44,017,000 40,657,000 Manila Quezon City Pasay City Suburbs January.. February March... April.... May........ June........ July......... Sept........ October.. November December P4,466,475 3,549,050 4,562,104 5,272,052 2,586,055 2,793,341 2,839,423 1,890,113 3,879,750 2,021,905 2,146,210 2,622,303 Pl,267,690 3;775,341 1,698,970 1,178,036 1,394,514 1,435,895 1,066,942 1,986,826 946,647 1.325,274 1,438,478 3,682,829 P743.346 709,598 645,878 487.954 819,779 578.954 497,387 149,318 119,942 652,482 125,130 96,966 Pl,453,264 1,411,773 1,814,525 1,738,654 1,505,885 1,793,395 1,697,312 1,295,144 872,029 1,317,305 1,298,986 1,470,069 Total P7.939.775 8,445,762 8,721,477 8,676,696 6,306,233 6,601,585 6,101,064 5,321,401 5,818,368 5.316.966 5,008,804 7.871.967 15 16 AMERICAN CHAMBER OF COMMERCE JOURNAL January, 1952 REAL ESTATE MORTGAGES (From January to December, 1951) January.. February. March.. . April.... May........ June.... July......... August... Sept........ October.. November December P2,105,600 5,636,640 3,817,877 3,140,154 3,753,891 4,215,944 3,233,375 9,413,329 6,110,125 3,868,876 4,724,705 3,186,761 P 490,457 1,106,948 1,373,880 902,932 1,150,614 5,184,350 1,188,026 1,926,098 2,860,320 3,342,480 1,606,980 3,587,704 P272.300 869,100 245.760 188,750 372,032 869,144 .351,750 757,300 289.760 682,930 875,858 317,400 Pl,051,546 1,722,790 1,970,627 1,057,926 1,231,810 1,531,450 1,925,497 3,171,420 2,653,960 2,800,185 2,047,871 2,109,742 P3,919,903 8,334,848 7,408,114 5,289,762 6,508,347 11,800,888 6,696,648 15,268,147 11,914,165 10,694,471 9,255,414 9,201,607 A commercial building for Northern Motors Inc. estimated at P270.000. On San Fernando, San Nicolas, a 4 story reinforced concrete store and office for Carlos Lim Kalaw, costing P250.000. A Gymnasium for the Far Eastern University, estimated at P200.000. For Francisco Villaroman, a 2-story reinforced concrete residence on Misericordia Street, costing Pl20,000. On Laon-Laan, Sampaloc, for Roberto Laperal, a 2 apart ment building, estimated at Pl00,000. Prices of essential items during the period under review continued to be firm. In general, demand for materials was small, and importers are hesitant about placing new orders for stock for fear of an eventual sliding down of prices. Building Construction By Juan J. Carlos President, United Construction Co., Inc. DURING the month of November, the Office of the City Engineer approved building permits for con struction work amounting to P4,819,360. For the same period last year, the volume of work authorized amounted to P3,080,145 in comparison with P3,338,685 in 1949 and P3,984,235 in 1948. Among the big projects that were started during the month under review and which account for the increase in costs over those of the past years were: A 3-story building for the College of Medicine, University of Santo Tomas, in Sampaloc, costing P700.000. On Isla de Romero, (for the Feati Institute of Technology, a 4-story structure estimated at P600.000. A hotel building on Dewey Boulevard for Litton & Company, costing P350.000. Ocean Shipping and Exports By B. B. Tunold Secretary-Manager Associated Steamship Lines TOTAL exports for the month of November of this year showed a small decrease as compared to exports during November last year. This decrease can probably be attributed to a reduc tion in lumber, copra, and desiccated coconut exports. 91 vessels lifted 222,335 tons of exports during the month, as compared to 234,092 tons lifted by 99 vessels during the same month last year. Commodities which have registered sharp increases over last year’s figures for the same month, are: beer from 113 to 430 tons; lead ores from nil to 180 tons; iron ores from 33,705 to 72,785 tons; and sugar cent./raw from 4,687 to 15,370 tons. ENGINEERING EQUIPMENT & SUPPLY COMPANY, Inc. MACHINERY • MECHANICAL SUPPLIES • ENGINEERS • CONTRACTORS AIR CONDITIONING For Offices, Theatres, Hospitals, Stores, Restaurants, Hotels, Clubs and Homes ★ ★ ★ Suppliers of MACHINERY, EQUIPMENT and INDUSTRIAL SUPPLIES For Sugar Centrals, Mines, Sawmills, Power Plants, Machine Shops and All Industrial Plants ★ ★ ★ ENGINEERING — DESIGN — APPLICATION — ESTIMATES INSTALLATION — MAINTENANCE — SERVICE — REPAIRS General & Sales Office 1 74 M. de Comillas Manila Tel. 3-29-21 ★ ★ ★ Operating: MACHINE SHOPS • STEEL PLATE SHOPS STRUCTURAL STEEL SHOPS • WELDING SHOPS • BLACKSMITH SHOPS • SHEET METAL SHOPS • MARINE RAILWAY Engineering Shops No. 1 Calle L. Segura & Pasig River Mandaluyong, Rizal Tel. 6-65-68

pages

15-16

Media