Rice

Title

Rice

Creator

Houston, Charles O. Jr.

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

240 AMERICAN CHAMBER OF COMMERCE JOURNAL June, 1954 COLUMBIAN ROPE COMPANY OF PHILIPPINES, INC. HEMP AND COPRA EXPORTERS STEAMSHIP AGENTS * Singer Building Port Area, Manila, P. I. ¥ BR ANCHESi Davao • Tacloban • Cebu • Tabaco NEW AND... -TO SEE V _TO TOUCH —TO OPERATE Modern in design, the MARCHANT is the only American calculator with dials for checking key board entries. Its low-luster finish eliminates reflections causing eye fatigue. With key action twice as light as before, its keys and controls respond to the slightest touch. The MARCHANT is unmatched in accuracy control, simplicity, speed, and silence. MARCHANT CALCULATOR ERLANGER & GALINGER, INC. 123 T. Pinpin off Escolta Tel. 3-21-61 Exports—January, April, inclusive United States and Ca nada ................................. 61,069 Continent of Europe .... 63,471 United Kingdom.............. 48,231 Japan.................................... 67,460 South Africa..................... 3,345 China.................................... 1,741 India..................................... 1,740 Korea................................... — Australia and New Zea land................................... 2,500 Others.................................. 702 118,588 115,588 239,596 91,967 68,204 63,407 71,046 30,414 42,962 41,602 36,039 60,808 26,052 86,672 48,943 35,841 3,170 4,100 3,420 1,310 745 4,075 2,005 5,315 2,250 1,630 3,202 3,200 — — — 950 1,200 550 700 625 370 160 — — Total 250,259 324,161 ^67,_151 429,720 195,674 Tobacco By Luis A. Pujalte Wholesale Dealer & Exporter of Leaf Tobacco BUYING is not only going on in earnest in Pangasinan and La Union but at dangerously high prices. Farm ers in Pangasinan are being paid as high as P32 per quintal (100 lbs.) and in La Union up to ?40. Some farmers from Pangasinan, whose towns are near La Union, cart or truck their leaves to La Union to take advantage of the higher prices. This procedure is an infringement of Internal Revenue regulations, as the tobaccos from these provinces are not similar but have distinctly different characteristics. With the keen competition and great demand, they are getting away with it. These high prices paid to farmers by provincial deal ers are dangerous as they are way above the world market prices for tobacco and as consequently very little tobacco will be exported. Local consumption is not large enough to absorb the crop and manufacturers will not stock-up for future consumption at these high prices. Farmers were very enthusiastic due to the high prices paid last year and planted plenty of seedlings, but foul weather spoiled the fields and killed the seedlings and, as a consequence, there is a shorter crop this year. This has come two years in succession and the chances are that weather will be favorable this year. If so, with favorable weather and the farmers’ enthusiasm, this will spell an abundant crop, if not the bumper crop to be expected if weather is completely favorable. By early 1955 we may see the market weaken and then just roll down. Rice By Charles O. Houston, Jr. Director, Graduate School, University of Manila THE period reviewed is April 19 to May 15. The rising tendency which was noted in the preceding period continued throughout the first part of the current period, and then toward the end, stabilized at levels only slightly below those of last year. Toward the end of the period, it became apparent that the Administration was determined to resume loans through the ACCFA, and with the signing, by the President, of legislation setting aside P30,000,000 with an initial release of P 10,000,000 for this purpose, the market steadied and became firm, although sellers still were holding large quantities of stocks in anticipation of a general price rise. Some ob servers were disturbed by the announced program of the Philippine National Bank to grant “emergency” loans to sugar planters, as the original plan had been to utilize these funds in financing rice producers; these observers June, 1954 AMERICAN CHAMBER OF COMMERCE JOURNAL 241 now believe that unless the ACCFA program is handled with care and wisdom the diversion of these large sums to sugar production—encompassing as this does much marginal land, may well unsettle the rice market to an extent great enough to weaken the program now in the process of deve lopment. An interesting footnote to this (as well as to the “nationalization” question) was revealed in the press which reported that the largest rice dealer in the Philippines had guaranteed to the NARIC sufficient deliveries of rice to meet the demand of the market,—a rather strange situa tion: a nation dependent upon the activities of one dealer. PRICES (Sack, 56 kilos) ELONELON 1st class 2nd class Pesos Pesos A— MACAN 1st class 2nd class Pesos Pesos . 16.50-17.00 16.00-16.50 18.00-18.50 17.50-18.00 19 00-20.00 ____ _____ 17.70-18.20 17.20-17.70 19.50-20.00 19.00-19.50 21.00-22.00 19.50-20.50 (Ordinario palay—44 kilos—increased fi om P7.70 to P8.30, name period) WAGWAG 2nd class Pesos 18.00-18.50 A—Beginning of period. B—End of period. Imports By S. Schmelkes Mercantile, Inc. SERVICE WITH SATISFACTION V CUSTOMS BROKERS V WAREHOUSEMEN / TRUCKING / PACKING & CRATING / FREIGHT FORWARDING / SHIP HUSBANDING / CARGO SUPERINTENDENCE / AIR CARGO AGENTS / TRAVEL AGENTS V FIELD WAREHOUSING ALL figures are in kilos with the exception of those for foodstuffs which are given in package units: Commodities: April, 1954 Automotive (Total)............................................ 1,635,063 Automobiles...................................................... 151,557 Auto Accessories.............................................. 61,880 Auto Parts......................................................... 179,635 Bicycles.............................................................. 5,087 Trucks ............................................................ 80,608 Truck Chassis................................................... 444,602 Truck Parts...................................................... 130,644 Building Materials (Total)............................... 5,644,837 Board, Fibre..................................................... — Cement............................................................... 197,137 Glass, Window.................................................. 1,650,941 Gypsum.............................................................. 8,530 Chemicals (Total)............................................... 5,018,758 Caustic Soda..................................................... 662,240 Explosives (Total).............................................. 17,274 Firearms (Total)................................................ 5,064 Ammunition....................................................... 3,478 Hardware (Total)................................................ 4,893,476 Household (Total)............................................... 1,427,307 Machinery (Total) 2,449,390 Metals (Total)...................................................... 9,910,559 Petroleum Products (Total............................... 98,747,289 Radios (Total)................................................... 44,444 Rubber Goods (Total)....................................... 1,034,004 April. 1953 2,403,354 221,501 4,456 257,855 473 243,015 738,986 130,554 3,769,599 7,144 30,062 275,489 6,145,640 60,025 29,554 2,159 1,608 4,436,086 959,682 1,685,065 12,534,750 47,379,176 19,630 785,247 LUZON BROKERAGE COMPANY Derham Bldg. Cables: Telephone: Port Area LUBROCOIN 3-34-31 Caterpillar Registered I Trademark DOES ITS SHARE! Beverages, Misc. Alcoholic............................... Foodstuffs, Total Kilos..................................... Foodstuffs, Fresh (Total)................................. Apples................................................................. Oranges............................................................... Onions.................................................................. Potatoes.............................................................. Foodstuffs, Dry Packaged (Total) ............... Foodstuffs, Canned (Total).............................. Sardines ............................................................. Milk, Evaporated............................................ Milk, Condensed............................................. Foodstuffs, Bulk (Total)................................... Rice.............................................................. Wheat Flour..................................................... Foodstuffs, Preserved (Total) ........................ 11,803 27,326,080 16,353 4,222 1,937 4\704 21,049,188 41,411 2,792 26,110 30 21,160 385,380 46,795 181,234 15,200 682,619 5,000 623,256 1,363 30,669 347,625 9,322 152,222 34,000 417,589 1 372,424 1,674 Staunchly dependable, yellow - painted CATERPILLAR Machines do a full share... in agriculture, logging, mining, road-building! All over the Islands, CATERPILLAR Machines set standards of achievement ... so as to hasten progress, make possible prosperity and give tangible substance to the inspiration of new leadership. Bottling, Misc. (Total)..................................... Cleansing and Laundry (Total)...................... Entertainment Equipment (Total)............... Livestock-bulbs-seeds (Total)......................... Medical (Total)................................................... Musical (Total) .................................................. Office Equipment (Total)................................. Office Supplies (Total)....................................... Paper (Total)........................................................ Photographic (Total)................................... Raw Materials (Total)....................................... 1,309,897 114,265 3,805 29,266 815,729 19,938 52,772 51,765 7,879,291 43,840 770,845 837,105 71,258 3,676 8,815 786,397 17,701 29,625 28,881 5,414,427 24,644 2,424,521 KOPPEL (PHILIPPINES), INC. Philippine Representatives for Pressed Steel Car Co., Inc. BOSTON & 23rd Sts., PORT AREA, MANILA Tel.3-37-53 Branches: BACOLOD • ILOILO • CEBU • DAVAO • ZAMBOANGA DADIANGAS, COTABATO • CAGAYAN DE ORO CITY Dealers at: San Fernando, Pamp., Cabanatuan City, Tuguegarao, Cag.

pages

240-241

Media