Food products

Title

Food products

Creator

Herdman, C. G.

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

242 AMERICAN CHAMBER OF COMMERCE JOURNAL June, 1954 ★ LUZON snmom COMPANY, INC. Manila ★ MAUD aod COMPW of PHILIPPINES Hemp Exporters Steamship Agents 207 Myers Building Port Area, Manila Sporting Goods (Total)............................................. 14,408 7,597 Stationery (Total)..................................................... 219,744 212,769 Tobacco (Total)................................................... 1,432,363 727,251 Churcheria (Total)................................................... 111,098 44,140 Clothing Apparel (Total)........................................ 356,274 501,423 Cosmetics (Total)........................................................ 20,572 51,988 Fabrics (Total)........................................................... 386,228 534,791 Jewelry (Total).............................................................. — 5 Leather (Total)........................................................... 383,570 114,352 Textiles (Total)..................................................... 3,491,125 2,709,313 Twine (Total)....................................................... 74,219 50,364 Toys (Total)......................................................... 20,047 4,199 General Merchandise (Total).......................... 1,534,709 479,687 Non-Commercial Shipments (Total)............. 65,251 71,672 Advertising Materials, Etc. (Total)............... 15,031 7,971 Food Products By C. G. Herdman V ice-President, Marsman fir* Company, Inc. THERE has been very little change in the local market during the past month. The House bill extending the life of the exchange tax was duly passed and has gone to the President for signature. Canned fish in ad dition to canned milk remains exempt from this tax, but wheat flour will be subject to payment of the tax as soon as the new bill is approved by the President. This will have the inevitable result of increasing the price of bread to all consumers by approximately 17%, the amount of the tax, which is greatly lb be regretted. Fair quantities of canned milk arrived during May but less than consumption during the period and supplies are becoming definitely short and prices have been increasing. The Central Bank is aware of the impending shortage and additional exchange allocations were released during the month which have permitted importers to place orders for additional quantities. It is feared, however, that an acute shortage will exist before these new supplies can possibly arrive. Wheat flour arrivals were in excess of the actual con sumption, which is below normal at this time of the year. June arrivals also are expected to be above average but the remaining exchange allotments for the present semester for flour are very small and July arrivals will be far below normal. It is anticipated, however, that sufficient flour is on hand or arriving in June to carry over until August. Canned fish imports during May were in fair quantity. Demand continues to be very light, there being ample supplies available at this time of fresh fish. There is an ample supply of canned meats in the market. Demand has improved somewhat because of the shortage of fresh beef, and in view of the difficulty encountered by importers in securing increased supplies of fresh beef, the Central Bank has announced it will materially increase allocations for canned meats. Fresh fruits and vegetables locally grown are in very good supply in the Manila markets. Ample supplies are still to be found of imported fresh fruits, but practically no imported fresh vegetables are available and imported canned fruits and vegetables are in very short supply. Textiles By A. Margolles Acting General Manager Neuss, Hesslein Co., Inc. REDUCED arrivals, together with the exhaustion of quotas for the first semester of the year, have brought about stronger conditions in the textile market during May. Shortages of some widely consumed standard articles like printed percales, dyed goods, and bleached goods,

pages

242

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