Lumber

Title

Lumber

Creator

de Ocampo, Pacifico

Language

English

Source

The American Chamber of Commerce Journal Volume XXX (Issue No. 6) June 1954

Year

1954

Rights

In Copyright - Educational Use Permitted

Fulltext

June, 1954 AMERICAN CHAMBER OF COMMERCE JOURNAL 233 another 30 days as allotted in the bill itself for the Central Bank to prepare a certified estimate of taxes it expects to collect from the gold producers and which estimate will be used to charge the National Treasury for such funds as will be necessary to begin the subsidy) to 70 days hence. Thus, although it will take time to fully effectuate the Subsidy Bill, the premium price of gold has in effect already given gold producers much of the expected benefits. Just what will happen to the gold price after the Sub sidy Bill has become law and is officially in use, is some thing we will not attempt to forecast. Obviously, however, the possibility exists that the local gold price could advance to a level as high as the official subsidy price, or, under certain circumstances, higher. House Bill No. 1862 extends relief to the base-metal mines from the 17% Exchange Tax on their importations of machinery, equipment, accessories, and spare parts as well as of carbides, explosives, and dynamite. It is a generous relief and one that will benefit the industry no little. Lumber By Pacifico de Ocampo Secre tary- Treas urer Philippine Lumber Producers’ Association, Inc. DURING the month under review, April, 1954, the Philippines exported 42,299,336 bd. ft. of logs and lumber, 22,796,555 less than the preceding month. The big decrease was mainly due to a drop in the shipment of logs to Japan, from 53,430,905 bd. ft. in March, 1954, to 31,844,987 bd. ft. in April, 1954, or a decrease of 21,585,918 bd. ft. The exports to the United States increased by 427,543 bd. ft., from 6,173,967 bd. ft. in March, 1954, to 6,601,510 bd. ft. in April, 1954. Exports to all other coun tries decreased by 1,638,180 bd. ft., from 5,491,019 bd. ft. in March, 1954, to 3,852,839 bd. ft. in April, 1954. The following are the quantities of logs and lumber in bd. ft, inspected for export during April, 1954, as released by the Bureau of Forestry. Volume in Board Feet Shipper Destination Lumber Logs Aguinaldo Development Corp.. Japan 299,930 Agusan Timber Corp................ Japan 2,990,000 Alberto S. Llorente..................... Japan 500,124 Anakan Lumber U. S. A. 87,697 400,000 Company................................... Japan 2,000,000 Anacleto O. Raneses................... Japan 489,730 Atkins Kroll & Co., Inc............. Formosa 484,200 American Builders, Inc. ............. Guam 9,296 Basilan U. S. A. 741,825 722,711 Lum Hongkong 110,732 ber Formosa 1,000,000 Company.......................... Japan 649,881 Bicol Industries Co...................... Formosa 346,260 Brigido R. Valencia.................... Japan 531,908 Bislig Bay U. S. A. 158,199 Lumber Hongkong 205,121 Co. Inc.................................... Japan 3,515,412 Calapan Lumber Co., Inc.......... U. S. A. 20,064 231,578 Cipriano Luna Lumber Enterp . Japan 999,990 Dee Cho Lumber Co., Inc.... . U. S. A. 32,000 Edward L. Kincaid................... U. S. A. 175,536 Extensive Enterprises Corp.. . . Japan 579,972 General Enterprises, U. S. A. 28,000 Inc................................................ Japan 800,000 G. S. Manalac Enterp................ Japan 1,202,767 Getz Bros. & Co........................... Formosa 500,000 Gonzalo Puyat & Sons, Inc.. . . Japan 500,208 Iligan Lumber Co., Inc.............. Japan 486,519 Insular U. S. A. Africa 801,870 603,718 Lumber Canada Eire 29,635 96,190 Company............................... Hawaii 69,880 INSULAR LUMBER COMPANY FABRICA, OCC. NEGROS MEMBER — PHILIPPINE LUMBER PRODUCERS’ ASSOCIATION, INC. --------- ¥---------SPECIALISTS IN KILN-DRIED LUMBER and MANUFACTURERS OF BOXES OF ALL DESCRIPTIONS MANILA DISTRIBUTORS: Norton & Harrison Company 814 Echague Manila Philippine Lumber Manufacturing Company 14-30 Soler St. Manila Insular Saw Mill, Inc. 340 Canonigo, Paco Manila MANILA OFFICE: 603 FILIPINAS BUILDING 234 AMERICAN CHAMBER OF COMMERCE JOURNAL June, 1954 North Camarines Lumber Co., Jorge J. Tirador........................... Japan 500,000 L. A. Johnson............................... Hawaii 111,167 Luis J. Reyes................................ Sweden 9,688 Luzon Manufacturing Enterp., Inc................................................ Japan 544,967 Mariano R. Lacson................... Japan 400,787 Nasipit Lumber U. S. A. 485,198 604,000 Co., Inc...................................... Japan 5,600,000 Total............................................... 4,151,676 38,147,660 Inc................................................ Japan 999,700 North Star Lumber Co., Inc.... U. S. A. 313,983 Philippine Lumber Manuf. Co. Guam 7,370 Ralph W. Dempsey................... U. S. A. 63,693 Red Wood Co.............................. Japan 1,314,157 Sanchez Logging Co.................. Japan 1,492,437 Sta. Clara Lumber U. S. A. 497,784 Co., Inc...................................... Japan 603,145 Serra & Co., Inc........................... Formosa 169,380 S. C. Choy & Co., Inc................ U. S. A. 48,000 T. H. Valderrama & Sons, Inc.. Japan 809,683 Valderrama Lumber Manuf. Co. U. S. A. 50,648 Valeriano C. U. S. A. 1,023,089 Bueno.......................................... Japan 482,216 Visayan Sawmill Co., Inc........ Japan 1,000,642 West Basilan Timber Co., Inc. . Japan 1,000,000 Western Mindanao Lumber Co., Inc...................................... Japan 1,550,812 Woodworks, U. S. A. 86,000 Incor Africa 64,672 porated ................................... Hongkong 65,165 SUMMARY OF EXPORTS DURING APRIL, 1954, ARRANGED BY COUNTRIES OF DESTINATION IN THE ORDER OF VO LUME OF SHIPMENT TO EACH COUNTRY Countries of Destination Lumber (Bd.Ft.) Logs (Bd.Ft.) Total (Bd.Ft.) Japan ............................................ — 31,844,987 31,844,987 United States.............................. 2,778,730 3,793,145 6,571,875 Formosa........................................ — 2,499,840 2,499,840 Africa............................................ 668,390 — 668,390 Hongkong..................................... 381,018 — 381,018 Hawaii.......................................... 181,047 — 181,047 Eire................................................ 96,190 — 96,190 Canada.......................................... 29,635 — 29,635 Guam............................................ 16,666 — 16,666 Sweden.......................................... — 9,688 9,688 Totals................................... 4,151,676 38,147,660 42,299,336 Resume of Exports to: Lumber Logs Total (Bd.Ft.) (Bd.Ft.) (Bd.Ft.) Japan ............................................ — 31,844,987 31,844,987 United States and Canada . . . 2,808,365 3,793,145 6,601,510 Other countries.......................... 1,343,311 2,509,528 3,852,839 Totals................................... 4,151,676 38,147,660 42,299,336 Arrivals of logs and lumber in Manila during the month under review, aggregating 13,160,033 bd. ft., increased TO DIFFERENT REGIONS OF THE UNITED STATES MARCH AND APRIL, 1954 COMPARATIVE STATEMENT OF EXPORTS MADE DURING THE MONTHS OF Lumber in Board Feet Logs in Board Feet PERIOD Western Eastern Gulf All Western Eastern Gulf All Grand States States States Others Total States States States Others Total Total March, 1954............................... 2,132,813 1,033,607 244,562 214,013 3,624,995 1,384,743 __ 600,000 500,012 2,484,755 6,109,750 April, 1954.................................. 1,823,790 551,602 144,574 258,764 2,778,730 2,040,694 1,229,649 — 1522,802 3,793,145 6,571,87S Difference (Increate + Decrease—)............ 309,023— 482,005 + 99,988— 44,751 + 846,265— 655,951 + 1,229,649 4- 600,000— 22,790+ 1,308,390 + 462,125 + June, 1954 AMERICAN CHAMBER OF COMMERCE JOURNAL 235 Trend of Exports to: This Month Month Ago Year Ago ....................................3^4,987^ 53^0.905 “ 40^.515 Total.............4L151,676 38,147,660 5,845,417 59,250,474 4,556,993 _43,578,278 by 4,707 bd. ft., as compared to arrivals during the previous month of 13,155,326 bd. ft. During the month under review, April 1954, the local wholesale lumber market prices decreased, compared with those of the previous month. Prices of white l^iuan, apitong, and red lauan decreased to P155-P160, P155-P165 and P185-P200 per 1000 bd. ft. respectively, compared with the prices of P170-P185, P170-P185 and P200-P215 the month before. The downward trend is believed to be caused by an overflow of supplies from Bataan. Copra and Coconut Oil By William S. Rice, Jr. Copra Buyer, Philippine Manufacturing Company THE market maintained a fairly steady character throughout May, moving repeatedly up and down through a comparatively narrow price range. European buying interest has been very good and seems to have been the main source of support for the market. Buyers for Europe have displayed an almost insatiable demand for copra at the level of $185 per long ton c.i.f. European ports, which has tended to stabilize the price at or slightly above that level. Earlier this year we minimized the volume of European interest for Philippine copra, but export statistics have shown our opinion erroneous. Exports to Europe, January through May, were abnormally heavy, and we must con clude that European interest has been the main stabilizing factor in the market this year. Without this large European interest, prices would probably have moved much lower in face of the. good production. Copra Prices. During May, export prices fluctuated in a range equivalent to $165-$175 per short ton, c.i.f. United States Pacific Coast ports. Manila prices for fresh copra, resecada basis, 30-day delivery, moved in a slightly wider range of P28.50 to P32.00 per 100 kilos. Coconut Oil Prices. Coconut oil prices moved within the limits of 12/-13/ per pound, f.o.b. tank cars, Pacific Coast for June shipment. Copra Cake and Meal Prices. The United States West Coast market for sacked meal produced from expeller-extraction process, has been fairly steady in the range $60 to $63 per short ton, f.o.b. dock, West Coast, but the market showed easiness near the month end. Some of this easiness is reported due to distribution of surplus government milk, which, while not directly competitive with copra meal, has imparted sympathetic easiness to the copra meal market. The market for copra meal produced from solvent extraction process was weak throughout the month and prices declined $4 per ton. Recently a trial shipment of copra cake in bulk was made from the Philippines, and the initial reaction is that it proved unsatisfactory both from the viewpoint of qual ity deterioration and handling costs. Copra Statistics PHILIPPINE COPRA AND COCONUT OIL EXPORTS (In Long Tons) Copra Exports United States.................... Europe................................. Other countries............... March April May 23,000 25,623 3,343 23,801 18,550 6,592 28,253 18,050 5,647 51,966 48,943 51,950 Total............................ For a TREAT instead of a TREATMENT Smoke Old Golt CIGARETTE S OLD GOLD brings you nothing but the companionship of the world’s finest to baccos . . . superbly blended to give you a real taste treat. P. Lorillard Company Established 1760, U.S.A.

pages

233-235

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