Editorial - A Necessary trend
Media
Part of The Marsman Magazine
- Title
- Editorial - A Necessary trend
- Language
- English
- Year
- 1940
- Rights
-
- Fulltext
- EDITORIAL A NECESSARY TREND The trend toward industrialization which is becoming more and more evident in the Philippines is definitely encouraging for the future of the Commonwealth. The Philippines has always, been basically an agricultural country; in recent years mining has come to the fore, but still the whole economy of the Archipelago has been based on the sale abroad of raw materials, from tilling the soil or from digging beneath it. As. long as a steady and profitable market for such raw products existed, this policy was justified, particularly since the market for manufactured products has been so diversified as to discourage industrialization. The changing picture, however, makes it imperative for the Philippines to take full advantage of the resources with which it is so richly endowed. The curtailment of the sale of raw pro .... ducts abroad will become more and more severe as ipdependence ap-. proaches. The sugar industry (long the bread-and-butter for millions) in particular faces difficulties which seem bound to cut deeply into its revenue in the near future. Steps are being taken by one of the largest organizations in the Islands to develop, with the help of the government, a cellulose industry, using sugar bagasse as a raw product. Other industrial projects are under study, and Table Of Contents Page Marsman & Co. Concludes Another Successful Year of Operation . . . . . . . . . 1 Coco Grove, Inc. . . . . . . . . . . . . . . . . . . . . 2 Suyoc Consolidated Mining Company . 2 Hogon Mining Company . . . . . . . . . . . . . 2 United Paracale Mining Company . . . . 4 San Mauricio Mining Company . . . . . . 4 ltogon Dividend . . . . . . . . . . . . . . . . . . . . 4 Crucible Steel Company of America . . 6 Marsman Trading Has Good Year . . . 7 Tuba Mines . . . . . . . . . . . . . . . . . . . . . . . . 8 Three New Marsman Distributors . . . . 10-11 Philippine Town Meeting Increases in Popularity . . . . . . . . . . . . . . . . . . . . . . 12 San Mauricio Maintains Liquid Cash Position . . . . . . . . . . . . . . . . . . . . . . . . . 14 With the Marsman Men . . . . . . . . . . . . . 15 Barr Boys Ma.ke Good Records in U. S. 15 Itogon Sets New High . . . . . . . . . . . . . 16 Tuba Opens Recreation Hall . . . . . . . . 16 Comparative Production Table . . . . . . . 18 Editorial-A Necessary Trend . . . . . . 19 it is encouraging to note that the government is cooperating in every way in this development. There is no doubt but that there is a tremendous variety of openings for industrialization in the jPhilippines; further, there is a possibility of production of other raw materials, (of which rubber is an outstanding example), never before grown here, and for which a good market abroad. seems likely. THE MARSMAN MAGAZINE Published each month for Marsman & Compa,ny, Inc., Marsma.n Building, Port Area, Manila, Philippines. P. 0. Boz !97. The magazine is sent to all stockkolde'l"s of Marsman managed preperties and to all iltaff members of the companies associated with the Marsman int:erests. l\'OT E: All ore values, bullion figures, etc., given in this magazine are expressed in pesos based on gold at $95.00 an ounce and silver at the market price. Figures given in monthly reports are based on mine assays, and ma.y differ to some e2;tent from final mint or smeUer returns. SUBSCRIPTION PRICE, PS A YEAR. RALPH KEELER, Editor and Busi11.ess Mo,-11.agn THE MARSMA~ MAGAZINE for July, 1940 19