The American Chamber of Commerce Journal Vol. 3, No.11 (November 1923)

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Part of The American Chamber of Commerce Journal

Title: The American Chamber of Commerce Journal Vol. 3, No.11 (November 1923)
Issue Date: Vol. 3, No.11 (November 1923)
Year: 1923
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extracted text: Vol. 3, No. 11 November, 1923 America in the Far East Chamber’s Benefit Show A Big Success (Illustrated) Justice Malcolm on the Political Situation The Governor General’s Message Trouble in Moroland Colonel Wolfson Gives Travel Impressions What the Red Cross Has Done in the Philippines Editorials Review of Business Conditions for October Shipping Review Statistical Review Other Articles of Interest to Business Men 1 Rem SOFT Order Royal B; 40 PINTS F5.2O 50 SPLITS F 5.00 Delivered To Your Home ||g| Royal Soft Drinks or Sale At The Chamber FAIRBANKS-MORSE 40° MOTORS FOR CONTINUOUS SERVICE HAVE YOU MADE PROVISION FOR RESERVE POWER In every Fairbanks-Morse motor designed for continuous service, this provision has been made for you. Fairbanks-Morse motors are guaranteed to develop full rated capacity with a rise in temperature not exceeding 40 degrees Cent., and a 25’Z> overload for two hours at 55° Fairbanks-Morse motors rated on a 50 degree basis, have no overload capacity, and are not. made for continuous service. F airbanks-Morse Electrical Equipment Cable Address: MICHELMAN. Manila. L. M. HAUSMAN & CO. IMPORTERS AND DEALERS Machinery and Allied Products P. O. Box 1729 cTWanila. P. I. Phone 1063 November, 1923 THE AMERICAN CHAMBER OF COMMERCE JOURNAL 1 BELBER BAGGAGE AT LOWER PRICES BELBER WARDROBE TRUNKS in Steamer, Quarter and Full Size offer the ultimate in trunk satisfaction. Made to outwear travel—smart in appearance and provided with appliances that cater to one’s convenience. Belbers travel in the best company. Steamer Size - - 80.00 100.00 135.00 150.00 Full Size----- 140.00 150.00 165.00 240.00 H. E. HEACOCK COMPANY SDCDNY TRADE MARK MOTOR OILS No amount of care of a motor will make it last as long as good oil. Socony Motor Oils embrace a type for every motor and are the result of more than fifty years of refining experiments to produce the best. LIGHT MEDIUM MEDIUM HEAVY EXTRA HEAVY MAKE ANY MOTOR RUN BETTER STANDARD OIL COMPANY OF NEW YORK THE AMERICAN CHAMBER OF COMMERCE JOURNAL November, 192 '■ ASIA BANKING CORPORATION AN AMERICAN INSTITUTION j CAPITAL $4,000,000 HEAD O1TTCE: NEW YORK CITY DR. C. A. HOLDER. President CHARLES H. SABIN, Chairman T. FRED ASPDEN, Vice-President E. B. MACKENZIE, Secretary G. F. PARTON, Asst. Secretary I. V. SCOTT, Vice-President A. N. GENTES, Treasurer ALLAN B. COOK. Asst. Secretary MANILA BRANCH: 52 Escolta, Telephone No. 2350 N. E. MULLEN, Manager Transacts all description of Banking Business with service all ever the World. Supervised by the State of New York and Fed eral Reserve Board. HEAD OFFICE AND BRANCHES: Head Office, 35 Broadway, New York CANTON HANKOW HONGKONG MANILA PEKING SAN I’KANCISCO SHANGHAI TIENTSIN YOKOHAMA CHRISTMAS? Whatever you send to the FOLKS BACK HOME Be sure to include a copy of THAT TIMELY VOLUME Later Lays of Sergeant Con A Satirical History in Verse of The Philippines since American Occupation. With the increasing interest in the United States in Philippine affairs no Holiday Reminder could be more appropriate. P2.50 Postage extra F.24 PHILIPPINE EDUCATION CO., INC. Tel. 234 34 Escolta YOUR LOGGING PROBLEM can be solved readily by some type of WASHINGTON LOGGING ENGINE The Washington Simplex Yarder shown above leads all Yarders in ease of operation and low cost of upkeep. Washington Iron Works Seattle, U. S. A. WASHINGTON ENGINES We eAmerican Chamber of Commerce Journal PUBLISHED MONTHLY BY THE AMERICAN CHAMBER OF COMMERCE OF THE PHILIPPINE ISLANDS (Member, Chamber of Commerce of the United States.) ENTERED AS SECOND CLASS MATTER MAY 25, 1021, AT THE POST OFFICE AT MANILA, P. I. LOCAL SUBSCRIPTION—P6.00 PER YEAR. FOREIGN SUBSCRIPTION 33.50, U. S. CURRENCY, PER YEAR. SINGLE COPIES—FIFTY CENTAVOS NORBERT LYONS, Editor H. L. KRIEDT, Advertising Manager Walter Robb, Secretary A. G. Henderson, Chicago Representative A. Schipull, Assistant Secretary E. E. Selph, General Counsel C. M. Cotterman, President E. E. Elser, Vice-President S. F. Gaches, Treasurer EXECUTIVE: C. M. Cotterman, Chairman E. E. Elser S. F. Gaches PUBLICITY; . C. M. Cotterman,Chairman (II. I,. Heath, acting) E. E. Elser H. B. Pond Norbert Lyons FINANCE AND AUDITING: C. W. Rosenstock B. A. ,Green HOUSE: Vacant STATISTICS AND INFORMATION: B. A. Green, Chairman J. C. Patty BOARD OF DIRECTORS (absent) II. L. Ileath B. A. Green C. W. Rosenstock ALTERNATE DIRECTORS: H. It. Pond (absent) .1, W. Ilnussermann P. A. Meyer COMMITTEES INSURANCE AND FIRE PROTECTION: E. E. Elser, Chairman "S. Feldstein MANUFACTURING AND LOCAL INDUSTRIES: F. N. Berry, Chairman F. If. Hale Leo. K. Cotterman BANKING’ AND CURRENCY: Carlos Young W. D. Whittemore RECEPTION AND ENTERTAINMENT: C. W. Rosenstock, Chairman Ray W. Berdeau Col. Gordon Johnston Waller Robb LEGISLATIVE: C. M. Cotterman, Chairman F. C. Ficher Frank B. Ingersoll James Ross Thomas Garey Welch Julius Reis (absent) S. Feldstein John J. Russell FOREIGN TRADE: J. S. Reis, Chairman M. M. Saleeby SPEAKERS: Walter Robb MARITIME AND HARBOR: R. M. McCrory, Chairman J. F. Marias W. J. Shaw Loster E. Hamilton AFFIzatiTons^D subordinate ORGANIC. W. Rosenstock Chairman R. M. McCrory J. J. Russell RELIEF. George Seaver, Chairman Col. Gordon Johnston, Vice-Chairman W. J. Odom E. E. Elser Knowlton Mixer Hairy J. Morgun ('. R. Zeininger A. Schipull, Agent MANILA' F. I. CONTENTS FOR NOVEMBER, 1923 VOLUME 3 No. 11 Page America in the Far East.................................................. 5 Col. Wolfson Gives Travel Impressions......................... 6 Chamber’s Benefit Show a Big Success......................... 7 Schedule of Meetings ........................................................ 8 Justice Malcolm Explains the Situation......................... 9 Editorials: The Governor Generals Message................................. JO America in the Far East............................................ 10 Trouble in Moroland ................... 11 Signs of the Times........................................................ 11 Do Your Shopping Early............................................ 11 Fighting Locusts by the Air Route......................... 11 Review of Business Conditions for September: Exchange (By W. D. Whittemore)............................. 12 Hemp (By J. C. Patty)............................................ 12 Sugar (By Georye H. Fairchild)............................. 13 Copra (By E. A. Seidenspinner)............................. 11 Iron and Steel (By Chas. A. Clark)......................... 14 Rice (By Percy A. Hill)............................................ 15 Page Lumber (By Arthur F. Fischer)............................. 16 Real Estate (By P. D. Carman)............................... 17 New Incorporations ........................................................... 18 New Members ..................................................................... 19 Chamber Notes .................................................................... 20 What the Red Cross Has Done in the Philippines.......... 21 Chamber Endorses St. Luke’s Hospital Plan................. 21 With the Board of Directors.............................................. 22 Shipping Notes: Shipping Review (By J. T. Kinney)......................... 24 Statistical Review: Market Quotations by Months.................................. 26 Government Financial Report (By Ben F. Wright) 26 Imports and Exports From and To Atlantic and Pacific Ports by Nationality of Carrying Vessels 26 Principal Exports ........................................................ 27 Principal Imports ........... 27 Port Statistics ............................................................. 27 Carrying Trade, Imports and Exports..................... 27 Foreign Trade by Countries .................................... 27 The American Chamber of Commerce is ready and willing at all times to furnish detailed information to any American Manufacturer, Importer, Exporter or other Americans who are interested in Philippine matters. Address all communications and requests for such information to the Secretary of the Chamber, No. 14 Calle Pinpin, Manila, P. I. The American Chamber of Commerce of the Philippines is a member of the UNITED STATES CHAMBER OF COMMERCE, and is the largest and most adequately financed American Chamber of Commerce outside the continental boundaries of the United States. The organization has Twelve Hundred mem bers. all Americans, scattered over the Philippine Archipelago from Tawi Tawi to the Batanes. The organization of branches in all the American communities of the Asiatic Coast is being stimulated. jJl The AMERICAN CHAMBER OF COMMERCE OF THE PHILIPPINE ISLANDS should not be confused with other organizations bearing similar names such as the Chamber of Commerce of the Philippines, the Philippine Chamber of Commerce, the Phillpplne-American Chamber of Commerce and the Manila Chamber of Commerce. 4 THE AMERICAN CHAMBER OF COMMERCE JOURNAL November, 1923 Worrying About Business? IT DOESN’T PAY. YOU GET STALE THINKING ABOUT IT TOO MUCH. Forget it a while. Get into a GYM CLASS. Send the blood coursing thru your veins. SHOUT AND LAUGH. RELIEVE YOUR NERVES AND.GO BACK TO WORK WITH A DRIVE THAT OVERCOMES OBSTACLES. ASK ANY MAN WHO GOES WHERE EXERCISE IS PLAY. “Age is a matter of health, not of years.’’ CLASSES FOR BUSY MEN AT CONVENIENT HOURS The time it takes To go to Gym Will pay you big In vigor and vim. An hour a day ' With Partner Gym Will keep you fit In head and limb. AMERICAN 136 Concepcion YMCA EUROPEAN Telephone 909 IT IS KING GEORGE V Extra Choicest Blended Tea [■unnniB^ ibNEir/ijnnniai T Connell Bros. Co. IMPORTERS CABLE ADDRESS: TELEPH0NE431 “CARBA” CODES: P. O. BOX 665 BENTLEY’S ABC Sth EDITION Specialists in Cigar Labels, Bands, Trimmings, Posters, Maps, Labels for Canned Goods, Perfumes, Dry Goods, etc. Carmelo & Bauermann, Inc. Lithographic Co., Manila, P. I. America in the Far East Americans in the Far East are carrying on a great work which is often not appre ciated but which nevertheless constitutes an important and irresistible progressive force. This was the text of an interesting talk made at this Chamber by Kilmer E. Moe. formerly superintendent of the fa mous Munoz Farm School, on Wednesday, October 17, after an extended trip to the principal Far Eastern countries. Mr. Moe said that conditions in the Philippines are for better than in any country he visited and that all other countries in the Far East are strewn with the wrecks of American business enterprises in the past few years. He also told of the high esteem in which Governor General Wood is held by all foreigners. Mr. Moe said in part: The American Viewpoint “Why so many American business failures? .“This is an outstanding feature in all those eastern countries. It can be attribu ted to several causes, the principal one being inexperience in the oriental, field. The boys sent cut to take the trade away from long established European houses found themselves checkmated after the first few moves. The American go-getter some how does not seem to fit into the scheme of things in the Far East. “ ‘East is East and West in West.’ ” “We have acquired a psychology that is quite distinct from that of Europe and Asia. It is an attitude of mind that re flects the influence of open spaces. Out on the wide plains and in the broad and fer tile valleys of America we have come to see that such intense hatreds of political neighbors as is displayed by most countries today ought not to be. We have been liv ing side by side with Canada for a century and a half without fortifying our boundary and without massing troops on the fron tier. Why can’t Europe and Asia do like wise? “It is not alone the people of the United States that follow this trend of thought. The Canadians have it in a very high de gree as do also the people of New Zealand, the Connnonwealth of Australia and the Federated States of South Africa. These peoples are one with us in the course that they hace cast off the intense hatred that ii Europe and Asia has been born of past wrongs and which is nourished by a con stant fear for the future. “The colonial under whatever flag shows this optimism along with the American. He is a builder of empires, a man of broad sympathy and large vision, capable of appreciating the forces that are at work to improve world relationships apart from the selfish interests at stake in the game played by the diplomats of the old school. “He speaks in no uncertain terms in that practical league of nations known as the British Empire. In such company the American feels quite at home. “The attitude of mind above described has been very properly termed the Am erican viewpoint because it found its great est force for good in world relationship today—a movement in which America must lead. It is the way out of the quagmire into which the civilized nations seem to have fallen. “America with the arrogance of youth and unbounded faith in her own ability undertook to remodel the East along lines that have been worked out in the democrat ic West. This great American experi ment has been in progress now for a quarter of a century and the end is not yet. We may never realize the sanguine hopes of those who thrust this new element into the Far Eastern problem, but we can at least claim that the liberal ideas brought out here with the Stars and Stripes have spread to include all colonies. To the everlasting credit of the great colonial pow ers it must be said that this movement has been fostered by the home governments themselves following the lead of America. How Others Regard U. S. “These remarks are necessary in any dis cussion of America in the Far East. The great fact remains that we are here—that the great force which we represent has a determining voice in the settlement of world affairs. We get stung in business; we pay more attention to philanthropy than we do to economics; our motives are questioned; our generosity is imposed upon; our friend ship is spurned and our efforts to benefit mankind are unappreciated by those we have befriended. But we are here, and the great work will go on in spite of ob structions. “America in the Far East has as many interpreters as there are individuals. You hear of America the generous, America the boastful, America the unknown quantity, America the bloated capitalist, but more often than ever, America the easy mark., The great generosity which we have dis played as a colonial nation has never had a parallel in history. We are an outstand ing menace in this respect to other great colonial powers and they do not hesitate, some of them, to lay the blame for many of their own troubles at our door. “But the powers dare not disregard our presence in Asia, nor would it be good policy to do so. The Colossus of the west has developed such moral and physical strength that he is quite in a position to dictate terms. Our methods have won for us the friendship of such countries as Chi na, Siam and India, who have learned that we have no ulterior motives and who trust us accordingly. This friendship is a tre mendous asset and one which will stand us in good turn. e/lny owner will tell you that for pleasure, conve nience,. utility, service and economy, the Ford FourDoor Sedan is, without exception, the greatest value of any enclosed motor car ever built. PS15O Manila Trading & Supply Co. cTWanila Iloilo Cebu THE AMERICAN CHAMBER OF COMMERCE JOURNAL November, 192.-, General Wood’s Big Reputation “Recent developments in the Philippines are creating a profound impression through out the Far East. The colonial powers point to the great American experiment with a shrug of the shoulder.—‘I told you so’—I don’t know how often I heard this statement. ‘We are glad you made the experiment. Now we can profit by your experiences and say to our hotheads, “Do not go too fast.’ ” “In this connection the great outstand ing figure is Governor General Wood. He is much more of a world character than we are apt to give him credit for. America in the Far East is made real to our neigh bors through the personality of Leonard Wood, the soldier, the statesman and the administrator. This is a fact of tremen dous consequence. He stands as our rep resentative before the world. Through him America speaks with a voice that carries weight in the councils of all nations. There is the utmost confidence expressed by our neighbors. ‘You have your difficulties over there in the Philippines, but every thing will come out alright so long as you have General Wood on the job.’ What the Dutch Are Doing “Americans should learn to curb their impatience. The oriental is not accustomed to so much speed. Whatever may be the end in view, it were better to go slowly and to make careful preparations for the next step forward. In this connection we have much to learn from the Dutch. They do tiot send out a civil servant until he has had many years of training to prepare him for the work which he expects to per form in the colonies. Then they pay him well and make his position a life career. Also they do not change the policy with every administration, and this permits of a steady advancement. “The Dutch went East and founded an island empire. America came west to as sume the arduous duties of directing the affairs of an alien people. The two have met in this great eastern Archipelago and side by side are working to advance the interests of millions of human beings. What the outcomes will be no man can fortell, but the two peoples have much in common and are destined fo cooperate one with the other in the solution of the many intricate problems that now present themselves. “For that reason it is well to cultivate one another. A mutual understanding would take into consideration the fact that America, while resourceful, is still young and inexperienced and that Holland has retained important colonial possessions for many centuries. This attitude cannot help but prove of mutual benefit. It is well also to learn to appreciate each of them as neighbors capable of overlooking shortcom ings and of giving aid back and forth in the mutual task that confronts the two peoples. America with the impetuosity of youth is inclined to go too fast; Holland with her riper experience will counsel pru dence. The two should supplement one another at this time. “The underlying principle of the Dutch colonial administration seems to me to be fundamentally sound. Progress can come about only as the resources are developed to a point where they will furnish the means to pay the price of advancement. It is not good practice to increase the wants of a people without at the same time pro viding the means to gratify them. To build the superstructure first as we have done in the Philippines looks to the average Dutchman like putting the cart before the horse. French and British Colonial Policies “The French like the Dutch have built up their colonies along material lines. They have a most wonderful system of motor roads and irrigation. This investment is yielding splendid returns, French Indo China today being in a much better posi tion economically than the mother country. Naturally they are not very strong for our system here except that they are glad to sell their surplus rice in a place that fails to grow enough to supply its own needs. “The situation in British Malaya is im proving, in fact it never has been very bad. The British piled up reserves during the days of plenty that have tided them over the lean years and now they are get ting back to normal. The Peninsula is wonderfully productive and the British are making the most of it. It is a land of easy communication, roads and rail ways everywhere; a land of rubber plan tations and tin mines; a coolie-built country that is yielding up enormous profits for the investors. There are no problems in Malaya like those of India. The Chinese are now numericaly as strong as the Ma lays and the two elements counteract one another, a condition that insures the con tinuation of British overlordship inde finitely. a 50-50 PROPOSITION “World events are drawing the two great Anglo-Saxon peoples together. A 50-50 proposition for mutual protection in the Far ' East is received with enthusiasm in the British colonies: Such a combination is looked upon as the best security for world peace at the present time. “We returned to the Philippines on the eve of the election. This is certainly the land of the big noise. There is more loud talk in these Islands than in all the other oriental countries put together. A funny situation isn’t it? Our neighbors pointing to us as the “easy mark,” the big disturb ing element, for going too fast, and the peo ple of these Islands working themselves into a frenzy because we don’t concede enough. What’s poor, old, well-intentioned Uncle Sam going to do? “I think he is getting a little peeved. He has been pulling his whiskers in thought ful contemplation now for quite a while. Must Jolt American People “There is only one way that the truth can be successfully brought home to the Col. Wolfson Gives Travel Impressions Recounting in an interesting manner his experiences and observations during a trip to Europe and the United States extend ing over several months, Col. Joseph N. Wolfson, prominent Manila attorney, ad dressed a well-attended gathering of mem bers and their friends at the. regular weekly luncheon of the American Chamber of Commerce on Wednesday, October 24. “I am firmly convinced from my inter views with people in every city that I visited in the United States, particularly in Washington with Cbngressmen and of ficials of the War Department, that inde pendence is a dead letter for many years to come, and this is the first time, gentle men, that I am optimistic on the subject.” In these words Col. Wolfson summarized his impressions regarding the political fu ture of the Islands. He stated that gen eral public interest among the people of the United States in the Philippines, particu larly in General Wood’s work, was greater than ever before. Philippine conditions in general, he de clared, are better than in any country he American people and that is by jolting them good and hard. The wrecks of busi ness ventures up and down the China coas; serve to teach us to watch our step. The National Bank catastrophe stands out like a house afire, and now the attacks directed against our sovereignty represented in the person of Governor General Wood make up and accumulation of jolts that will make Uncle Sam sit up and take notice. “I wish to say as their sincere friend and well-wisher—for I taught the youth of this country too many years not to know and appreciate its virtues as well as its weaknesses—that I think our Filipino friends have gone too far. They are mak ing a very ‘serious mistake in believing that they can coerce the kind old gentle man, Uncle Sam. into doing what they wish regardless. I wonder where they get the idea that General Wood must go be cause he is not willing to conform to the whims of politicians. You all know who General Wcod is? He is one of our few in ternational characters, a world citizen, the man through whom America speaks today to half the world. The British claim General Wood because he is an Anglo Saxon; the Dutch pin their faith on General Wood because they knew him to be just and up right; the trench are glad to honor General Wood because he is an illustrious citizen of a sister’ republic; the small nations join the chorus because he represents Alperica, the friend of mankind, your country and mine. Make no mistake about it. General Wood is at the helm and he will steer clear of the rocks in spite of those who persist in rocking the boat. “America can not afford at this time to dispense with the services of General Wood. To replace him with a politician would mean a blow to our international prestige, —it would make us the laughing stock be fore the world. “Our country is destined to do great things in the service of mankind. The great forces that have grown up from the early beginnings of our pioneer fathers are a power for good that will be thrown into the balance on the side of right, justice and a square deal. In the great task that now confronts us I can only say with the British poet when his native land was face to face with similar problems: “ ‘Lord, God of Hosts, be with us yet— lest we forget.’ ’’ visited. In his opinion only two cities in the world are worth living in, one being Ma nila and the other Brussels. Conditions in England, he reported, ar? very unsettled, with the unemployment problem extremely acute. He described the situation in France as “pitiful,” the franc having dropped in value considerab ly. In his opinion, France does not desire an immediate settlement with Germany, as she is afraid of a revival of German mili tarism should France give up her Ruhr holdings. In Belgium he found compara tive prosperity and content. Col. Wolfson encountered considerable resentment in Philadelphia against Gen eral Wood because of the latter’s refusal of the provostship of the University of Pennsylvania. After an explanation of the Governor General’s real sacrifices, however, feeling seems to have turned in favor of General Wood, and Col. Wolfson left under the impression that the Univer sity of Pennsylvania post was always open to General Wood. November, 1923 THE AMERICAN CHAMBER OF COMMERCE JOURNAL 7 Chamber’s Benefit Show A Big Success it The Boss “The best amateur show ever given in Manila.” This expression, heard everywhere in Ma nila immediately after the two performan ces of “The Champion,” by Thomas Louden and A. C. Thomas, at the Grand Opera House October 27 and 28. aptly summarizes the reception the play received at the hands of the highly critical Manila public. As a result of the two full houses which greeted the performances, the Chamber’s fund for the relief of Americans will be enriched by several thousand pesos, the exact proceeds not being available for publication at the time this issue goes to press. Credit for the success of the undertaking DESIREE STEMPEL is due all who had a hand in it. The gen eral director, was Julian A. Wolfson. He v.-ns assisted* by Desiree Stempel, for the play proper. Lorraine Wise, for the chorus, and Frank W. Butler, for the musical part of the program. R. C. Wing was property man and H. C. Luerssen attended to the make-up. The stage decorations were in MARY (younger sister) - Bettiha Anderson .JOHN BURROUGHS (father) ..................... GEORGE (elde- broth • L. E. Holden DOROTHY ROSENSTOCK L JOSEPHINE NEILSON charge of Mrs. Gordon McPherson and Mrs. Walter G. Stevenson. S. A. Presby turned out an excellent souvenir pregram. A com mittee composed of R. A. McGrath, Frank P. Thornton and James L. Pierce handled the sale of tickets. Norbert Lyons and Miss Mary Hanlon were the publicity committee. The daily press was lavish in its welldeserved praise of the individual perform ers, who, under the professional training of the assistant directors, performed in real professional style. Comparisons would be futile. Suffice it to say that they all did well and that, the public was fully appre ciative of the excellence of the performance. The cast was as follows: JANE BURROUGHS (William’s mother) ----- Vilda Whittemore In the chorus were Mildred Blackburn, Gaby Cheadle, Rosalind Fisher, Ditas MacGavin, Sue Alston McDonald, Josephine Neilson, Dorothy Rosenstock, Mela K. Vaughan and Leslie Zenor. LyJia Fairchild, whose sweet soprano voice was one of the'most pleasing parts of the show, and L. E. E. Johnson sang “Marcheta,” which made an instant hit. Frank W. Butler led the orchestra and doubled on the violin, assisted by Harold.F. Connoily at the piano, William H. Patter son cn the bartjo, and E. Schradieck at the cello. Lorraine Wise rendered a special num ber consisting of her famous Danse OrienLale, which made such a hit on the Amer ican vaudeville stage. D. F. Fahrney, F. B. Mulcahy, James C. Rockwell and Eric Rees-Roberts played miner parts. Miss Wise designed the costumes, which were made by Mrs. S. Hirschberg. The United States Shoe Company made the shoes for the chorus. The lighting through out the play was with Philips Argenta Margaret Read DAVID (younger broth er) ------- Gordon McPherson LADY ELIZABETH GALTON - - - LORD BROCKING TON ------ Gordon II7. Mackay WILLIAM BUR ROUGHS - - - - Charles B. Moore ANTOINETTE - - - Desiree Stempel SIMMONS (The Butler) - George B. Wicks MR. MOONEY - - - Frank B. Ingersoll MR. COYKENDALL - - J. M. Rincon EARL OF CIIUFFLEIGH - George Kerr MARQUIS OF IIARROWEEN ----- H’_ J. Jamieson BARON HOLLOWAY - - E. E. E. Johnson MAYOR OF KNOTLEY- John M. Woolfolk FRANK SMITH - - - P. Rees Daugherty G.B.Moore -TheChampion 8 THE AMERICAN CHAMBER OF COMMERCE JOURNAL November, 1923 sue.'alston McDonald mela vaughan gaby cheadle L. E.Hol den-The Father lamps, furnished gratuitously by the Amer ican Electric Company. Special thanks are due the following: N. T. Hashim, manager, Manila Grand Opera House, for greatly reduced rental; American Paper Exports Inc., S. A. Presby. local representative, who gratuitously fur LORRAINE WISE nished the paper for the covers of the pro gram; Philippine Education Co., who gra tuitously furnished the paper—covers ex cepted—for the program; Manila Bulletin, for the great amount of publicity given at greatly reducbd rates; Times Press and Mc Cullough Printing Co., for the greatly re DITAS McGAVIN MILDRED BLACKBURN ROSALIND FISHER duced rates given for the printing; La Defensa, for the greatly reduced rates for printing the posters; Churchill & Tait, Inc.. for gratuitously posting 5,000 posters throughout Manila; Meralco, for gratuit ously displaying posters on street cars; Electrical Supply Co., for gratuitously fur nishing all electrical installation; Sun Stu dio, who took all photos used in newspapers and the program at greatly reduced rates; Philippine Islands Telephone & Telegraph Co., for gratuitously furnishing special te lephone for ticket office at the Chamber; Isuan Inc., for gratuitously furnishing Isuan to cast and chorus throughout the last week of rehearsals; J. P. Heilbronn Co., for gratuitously furnishing papei- cups, plates and towels to cast and chorus throughout the last week of rehearsals; Gordon & Haley, for gratuitously furnishing carpenter work; Henry Musser, for gratuit ously furnishing plumbing fixtures; Tom’s Dixie Kitchen, Plaza Lunch and Manila Ho tel Company, for each gratuitously furnish ing two suppers for the cast, chorus and orchestra during the last week of rehearsals; Liggett & Meyers Tobacco Company, for gratuitously furnishing Chesterfield ciga rettes for the cast, chorus and orchestra during the last week of rehearsals; Manila Wine Merchants, Ltd., for gratuitously fur nishing one case of Dewar’s refresh ments for the cast, chorus and orchestra during the last week of rehearsals; Kuenzle & Streiff, Ltd., for gratuitously furnishing one case of Robertson refreshments for the cast, chorus and orchestra during the last week of rehearsal; Smith, Bell & Co., Ltd., for gratuitously furnishing one case Whyte & Mackay special refreshments for the cast, chorus and orchestra during the last week of rehearsals; American Hardware & Plumbing Company, for gratuitously fur nishing all hardware back of stage; Ma nila Times, for gratuitously furnishing all advertising and write-ups. SCHEDULE OF MEETINGS Monday, November 5, 1:00 p. m.: Regu lar meeting, Builders’ Section. Tuesday. November 6, 4:00 p. m.: Regu lar meeting, Board of Directors. Wednesday, November 7, noon: Weekly luncheon; speaker to be announced. Monday, November 12, 1:00 p. m.: Re gular meeting, Builders’ Section. Tuesday, November 13, 1:00 p. m.: Re gular meeting, Hemp Section. Tuesday. November 13, 4:00 p. m.: Re gular meeting, Board of Directors. Wednesday, November 14, noon: Weekly luncheon and regular semi-monthly meet ing, Active and Associate members. Monday, November 19, 1:00 p. m.: Re gular meeting, Builders’ Section. Tuesday, November 20, 4:00 p. m.: Re gular meeting, Board of Directors. Wednesday, November 21, noon: Weekly luncheon; speaker to be announced. Monday, November 26, 1:00 p. m.: Re gular meeting, Builders’ Section. Tuesday, November 27, 1:00 p. m.: Re gular meeting. Hemp Section. Tuesday, November 27, 4:00 p. m.: Re gular meeting, Board of Directors. Wednesday. November 28, noon: Weekly luncheon and semi-monthly meeting, Active and Associate members. Monday, December 3, 1:00 p. m.: Re gular meeting, Builders’ Section. Tuesday, December 4, 4:00 p. m.: Re gular meeting. Board of Directors,. Wednesday, December 5, noon: Weekly luncheon; speaker to be announced. Thursday, December 6, 5:00 p. m. Re gular* meeting. Embroidery Section. November, 1923 THE AMERICAN CHAMBER OF COMMERCE JOURNAL 9 Justice Malcolm Explains the Situation With a large attendance that almost fil led the spacious dining salon, the Chamber of Commerce lecture series opened on Sun day, Octobr 7, with an interesting address by Associate Justice George A. Malcolm of the Philippine Supreme Court on the topic of “Explaining the Situation,” the refe rence being to the political controversy that has arisen in' the Philippine government between the Governor General on one side and the Filipino political leaders on the other. Justice Malcolm pointed out various anomalies in the Jones Law which are at the bottom of the trouble, stating at the same time that this law is the or ganic act of the insular government and must be followed in its specific provisions. Speaking of the policy of Filipino non cooperation which has been threatened by some of the political leaders, he said: Advocates Commission “The road of ncn-cooperaticn leads to a fork where it must branch in one direc tion or the other. One branch leads to the imposition of the iron hand by the Amer ican Government and the possible with drawal of prerogatives already granted. The other branch leads to sedition and in surrection brought on by hotheaded Fili pinos who see more in the crisis than an academic discussion. Who loses? Not the Governor General; not the members of the Philippine Legislature; but the people of the Philippines.” Justice Malcolm advocated the appoint ment by congressional authority of a com mission of -15, composed of a chairman, seven Americans and seven Filipinos, to consider all the various phases of the ques tion and to report to Congress and the Philippine Legislature. “The Constitution of the Philippine Is lands,” he stated, “is made up principally of the various Acts of the Congress of the United States, which have been formally and expressly extended to the Philippines. The ‘kingpin’ among- the organic laws which we call the Philippine Organic Act, is the Act of Congress of August 29, 1916. popu larly known as the ‘Jones Law.’ The Or ganic Act, therefore is the paramount law, to which, I repeat, all other laws must yield.” Weakness of Jones Law The Philippine government, Justice Mal colm declared, is not essentially different from the government of the States of the American Union. The defects of the Jones Law, he maintained, were easily ascertain able at the time of its enactment, and trouble regarding its true meaning has al ways been expected by those who have given the Philippine problem any thought at all. It was only a question of time when these weaknesses would begin to appear, and when, if there were not concessions by in terested parties, the governmental machin ery might begin to jar or cease function. “An anomaly in the Jones Law,” he stated “is that it attempts to set up a nearly impossible form of government: not foreign to the United States and yet foreign in some respects; not sovereign and yet hav ing some of the attributes of sovereignty; not a State and yet patterned after a State; not under the Constitution and yet influen ced by the Constitution; the Filipinos not aliens and yet not citizens of the United States. The government is such that the laws of Congress and the orders of the President do not operate on it directly, and is such that the representatives of the Fi lipino people do not have the right, un restricted by outside power, to make their own laws. “A source of danger is that the Jones Law has endeavored to place in the hands of the people of the Philippines a large control of their domestic affairs and at the same time- to assure the exercise of the rights of sovereignty by the people of the United States. Where Philippine autonomy begins and ends and where American sover eignty begins and ends is not clear, and one or the other is liable constantly to tres pass on the shadowland between the two.” Justice Malcolm then recounted what took place in the Philippines during the seven or eight years when the Philippine Legislature was given a free hand and the Chief Executive interfered but seldom by his use of the veto power, it being unneces sary to await approval of Congress before laws became effective. Only once or twice, he pointed out, were such laws challenged in the courts and Philippine autonomy “was pretty well bulwarked against assault.” Justice Malcolm continued: “By the expedient of requiring approval by the Council of State, by making tht presiding officers of the Senate and of the House responsible for the conduct of cer tain governmental enterprises, by the enact ment of laws which aimed to make the Secretaries of Departments individually responsible, and by other means, a type of government differing somewhat from the presidential, and practically autonomous, was established. When the Chief Execu tive attempted to take over the powers, which either were expressly granted him or which under construction of the law were thought impliedly to be granted him, it was not surprising that he should run counter to obstructing laws enacted by the Philip pine Legislature. Hence the present situa tion and the present crisis.” American Standpoint After summarizing the Filipino and American viewpoints in the controversy, the speaker, speaking for the Americans, declared: “We have avoided mingling in the pre sent controversy and looked upon it as a bogy artificially created by astute politicians to serve their purposes, but if the contro versy becomes racial in character, and if the sovereignty of the United States is as sailed, we snail stand solidly behind the Governor General. We are confident that if a plebiscite were to be taken in the Uni ted States to select the person who could best represent the American people as Gov ernor General of the Philippine Islands, the practically unanimous choice would be Leonard Wood. “If I were a Filipino, -I would also ask myself some of the same class of questions which I, as an American, have been bold enough to ask of Americans. Critical analysis of national character, courageous admission of error, and generous acknow ledgement of the rights of others are the greatest assets of any people.” What The Law Provides Going into greater detail as regards the fundamental law of the Philippine gov ernment, Justice Malcolm stated: “Philippine law, organic and statutory, authorizes a government patterned afteithe presidential type. It authorizes an Executive Department made up of the Governor General who is supreme, and of executive divisions acting under the super vision and control of the Governor General. It authorizes a Philippine Legislature with general legislative power. It authorizes an independent judiciary. The executive power of the Governor General, and so in a way American sovereignty, will be res tricted and usurped by undue interference on the part of the legislative power and by an attempt to make the Secretaries in the Executive Department responsible to the Legislature. Philippine autonomy, ac ting principally through the Philippine Le gislature, will be restricted and usurped by any undue interference on the part of the Chief Executive acting principally through a generous use of the veto power. Judicial independence will be interfered with if either or both of the other powers attempt to intrude on the judicial field. “The statement of affirmative principles should be sufficient for the man who thinks. But if through indolence or from other rea sons you desire further negative state ments, let the following suffice: “The Philippine Constitution does not recognize any other bodies than those legal ly and constitutionally provided therein. “The Philippine Constitution does not sanction or contemplate an extra-legal body such as the Council of State, and ex tra-legal advisers for the Governor Gen eral. “The Philippine Constitution does not sanction or contemplate, that the Philip pine Legislature shall superimpose upon the office of the Chief Executive laws and bodies which diminish the power of the Chief Executive. “The Philippine Constitution does not sanction or contemplate that the Governor General shall superimpose upon the Sec retaries of Department or upon the Phil ippine Legislature a government of extralegal advisers.” Non-Cooperation Must Fail Justice Malcolm deplored the present state of affairs under which “the Amer ican who mingles freely with the Filipinos and endeavors to live up to American policy, is jeered at by other Americans; while for a Filipino to express admiration or friend ship for an American is to drive a nail in his political coffin,” and, again referring to the non-cooperative movement, declared: “Advice is free and since free, is usually disregarded. But as a sincere friend of the Filipino people, and as one who sym pathizes with their natural aspirations, it seems to me that the road to success leads not in the direction I have pointed out, but in the opposite one. Filipinos have seen non-cooperation fail on the battle-field and they will see it fail in more peaceful times. The policy of cooperation, on the other hand, which began in 1900 and has continued until the present, has counted for a constantly successful advance for the rights of the people. By cooperation, the Filipino people can endeavor to establish a stable government, which is the prere quisite to independence. By cooperation, the Filipino people can endeavor to blot out the argument now made against indepen dence^ relating to the fact that all Filipinos do not desire independence, by a policy which will cement more closely the non Christian peoples to the Christian peoples and bring all into national accord. By co operation, respectful submission of the united desires of the Filipino people to the President and the Congress of the United States, and the assertion of a fact, that a stable government has been established, can be made. The ideal of the people will then be on the high road to accomplishment.” 10 THE AMERICAN CHAMBER OF COMMERCE JOURNAL November, 1923 American Chamber of Commerce 14 CALLE PINPIN P. 0. Box 1675 Telephone 1156 THE AMERICAN CHAMBER OF COMMERCE OF THE PHILIPPINE ISLANDS should not be con fused with other organizations bearing similar names such as the Philippine-American Chamber of Com merce, the Philippine Chamber of Commerce and the Manila Chamber of Commerce. As the official publication of the American Chamber of Com merce of the Philippine Islands, this Journal carries authoritative notices and articles in regard to the activities of the Chamber, its Board of Directors, Sections and Committees. The editorials are approved by the Board of Directors and, when so indicated, other Vol. Ill No. 11 THE GOVERNOR GENERAL’S MESSAGE to the business community. Ever since his arrival in the Islands, Governoi- Wood has taken great interest in the financial and economic problems confronting the country and, despite the many vexing political problems that have arisen, his interest in mat ters of a business nature does not seem to have flagged. Like all close students of the situation, he realizes that economic pro gress and prosperity are the corner stones of Philippine welfare and must remain prime considerations in the discussion and ad ministration of governmental affairs. While most of the Gov ernor’s recommendations cannot help but meet with the approval of all businessmen, there are one or two that would seem to re quire further discussion or more detailed study before meriting unconditional support. We are heartily in accord with the Governor’s reiterated policy of “getting the government out of business.” He points out that “practically all business ventures of the Philippine government will be found in the last analysis to have been conducted at a loss,” and this is a conclusion long since drawn by the most com petent lotal business men. Even the sugar centrdls under gov ernment control are included in this indictment, though they may actually show profits during one or two exceptionally favorable seasons. The government cement plant is about to be sold on terms which are reported to insure the government the return of its investment. The Governor makes a strong plea for the encouragement cf investment of outside capital, adding that “such encouragement can be given without imperiling the patrimony of the people or The message reviews the activities cf the government in fight ing the locust and rinderpest epidemics from which agriculture has suffered so heavily in recent years. An interesting detail is the use of Army airplanes in locust work with encouraging results. The Chief Executive advocates repeal of the wharfage tax as it adversely affects the development of ore properties, and calls attention to the need for a revision of interisland shipping laws. Most of these reforms are included in measures submitted to the Legislature for action in the last session but which that body has not acted upon. The Governor reviews the progress made in improving radio and cable communications in the Islands and urges the establish ment cf a radio broadcasting station in Manila for the dissemina tion of government communications of popular nenefit as well a-for general educational and entertainment purposes. The Budget is a well-balanced and carefully worked out docu ment providing for the needs of all government departments and containing a detailed estimate of government revenue. Estimated revenues for 1924 are f2,600,000 more than those for 1923, and a margin of Fl,000,000 over expenditures is allowed for unfore seen contingencies. One recommendation with which the American business com munity might well take issue is the one advocating a reduction of the income tax exemption from F4.000 to F2.000 for single persons and from P6,000 to 1*4,000 for married persons. As things are, the business community, ■ particularly the non-Filipino elements, pay the largest proportionate share of the insular income tax. A reduction in the exemption figures would add still more to this burden. There are seme who might also question the advisability of extending military training to all the secondary and high schools in the Islands, as suggested by the Governor General. On the whole, the Governor General in his message lays down a sound, constructive economic program, one that if followed will doubtless result to the benefit of the Filipino people and bring added efficiency and stability to the insular government. Dis regard of such a program by the Philippine Legislature can only react unfavorably upon that body. AMERICA IN THE FAR EAST Kilmer E. Moe, who has done such a splendid work at the Munoz Agricultural School and has an intimate knowledge of Far Eastern conditions largely gained through travel and direct contact with the various populations in this part of the globe, recently delivered an interesting talk on the above topic before the American Chamber of Commerce of the Philippine Islands. Mr. Moe, while taking pride in the very real accomplishments of America in this part of the world and approving the general basic principles upon which we have proceeded, calls attention '.o some of our shortcomings, born mainly of inexperience and tne overflowing energy and enthusiasm with which we work irres pective cf climate and environment. We have set a new mark for colonial development from a cultural standpoint, but have we not gone too fast and have we not created conditions that instead of benefiting the nation, in November, 1923 THE AMERICAN CHAMBER OF COMMERCE JOURNAL 11 the last analysis will react to our detriment? This is a ques tion that inevitably crowds upon us from Mr. Moe’s observations. It is the question that some of the other colonial powers are answering in the affirmative—and they back it up with concrete facts. As Mr. Moe observes, we have here an island empire excelled by no other Far Eastern country in natural resources and eco nomic potentialities, yet we are going through a political crisis that is sorely testing the business community and may even reach the proportions of a national issue in the homeland. The presence of General Wood is regarded in other Far Eastern countries as the saving factor in the situation and the convic tion is generally expressed that he will see the trouble to a satisfactory solution. It would be well for our Filipino friends to grasp this as pect of the situation. Despite what some of the political leaders may say, General Wood is known not to be tyrant or a man who would be unjust or inconsiderate in his treatment of any popu lation over which he has executive authority. This is a world wide opinion, arrived at after a thorough knowledge of the man’s record and reputation. Is it wise to deliberately run counter to this international conviction? Is such a course of action cal culated to arouse the moral sympathy which any national cause must have if it is to succeed? TROUBLE IN MOROLAND The island cf Mindanao is one of the potentially richest re gions of the Philippine Archipelago. Year by year it is assum ing an increasing importance as a hemp district. It has an ideal climate for coconut culture and hundreds of thousands of acres of excellent sugar land are available for development. Its resources have only been scratched and an increasing num ber of Filipino and American settlers is’ engaged in benefiting by the natural resources of the region and adding to the. world’s supply of raw products. An investigation into the rubber pos sibilities of the district by the Federal Government is now in progress, and it is believed that enough rubber can be grown there in the course of a few years to supply a large proportion of the American demand, which is now dependent upon foreign sources. It seefris a pity that such a recalcitrant population as the Moros should inhabit this region, constantly giving trouble to the civil authorities. Aside from playing havoc with the labor on plantations, such a state of affairs discourages capital from in vestment and thus retards development. Yet some of the Fili pino newspapers and members of the Legislature have serious’y intimated that big commercial interests are back of these Morj uprisings for the purpose of bringing about a military regime and furnishing correspondents of United States papers with an.iindependence propaganda. Such intimations are purely gratui tous and absolutely without foundation. A military regime is never conducive to economic development. The very fact that it is needed indicates a state of popular unrest that militates against industrial or agricultural enterprise. We do not propose to go into the causes of the Moro unrest beyond stating that these causes are in no way connected with American economic activities in the Moro region. American capital thrives best undei- conditions of thorough peace and good will among the population. It will always be found on the side of those who are promoting such a happy state of public order and opposed to the use of force as a compelling agent except in cases- of absolute necessity. SIGNS OF THE TIMES Statistics gathered by a member of this Chamber regarding the registration of motor vehicles in the Islands for the past year and a half might constitute an important index to business and general economic tendencies. If the use of motor vehicles may be regarded as an index to the economic progress of a country, then the Philippines are not going ahead—rather they are falling be hind. New registrations of motor cars for the first nine months of the current year totalled 666, or at the rate of 888 a year. As the average life of a car is considered by experts to be about five years, this year’s registrations would indicate a capacity of 4,440 cars. Actually there are now about 8,000 cars in Use, so that indications are that the number is decreasing. In most other countries the number is increasing at the rate of 15% to 25% a year. Registrations for the 18 month period December 31, 1921, to June 30, 1923, show a falling'off of 22%. Truck registrations have fallen 14% in the same period and motorcycle registrations 39%. Another interesting fact is that during 1922 there were 1936 registrations which had not been re-registered up to June 30 of this year. The above figures would seem to indicate that the buying power of the Philippine public is declining, assuming that this buying power is approximately reflected in automobile sales. It is rather a puzzling situation, considering the apparently sound fundamental conditions- that underlie Philippine business today, with good prices for standard crops and the balance of trade in our favor since the beginning of the year. A slight adverse bal ance, however, was registered for September, which was probably due to an unusual influx of goods in preparation for the Christ mas trade. We learn from tire dealers that tire sales have shown a decrease corresponding closely to the fall in registrations. Tire imports have not decreased in proportion, however, resulting in overstocks and prices below United States quotations. DO YOUR SHOPPING EARLY Christmas is rapidly drawing near and the shopping season is on. We reiterate our annual appeal to the public, particu larly the ladies, to do their shopping early. Christmas gifts for the United States must be mailed by the middle of November in order to arrive in time. There is therefore little time left in which to remember those in the homeland in due season. The advantages of early shopping are many. It permits of a wider range of selection. It obviate the crowding of the finalweek rush. In many instances better prices- may be had, as prices have a tendency to rise as stocks become exhausted. It insures better service, as clerks and storekeepers are usually overworked latei- on in the season. Make up your mind to do your shopping early and do it im mediately. The sooner the better for all concerned. FIGHTING LOCUSTS BY THE AIR ROUTE Very encouraging results are being reported from Mindoro in connection with the new method of fighting the pest by means of poison dust sprayed from airplanes. The big advantage of this method is that it hits directly at the centers of • infection in hitherto inaccessible regions far up in the mountains or plateaus. Failure to kill the insects in the hopper or formative stage has in the past been one of the prin cipal drawbacks to complete success. Once they are able to fly, they pounce down upon the cultivated areas-, often without warn ing, and in such numbers that it is almost impossible to fight them effectively. With airplanes selling as low as t*500, it should not be dif ficult to encourage this new method of fighting the pest through out the Philippines. The chemicals used have proved their ab solute efficacy, killing the insects with deadly certainty. Conquest of the locust evil would mean a huge impetus to Philippine agriculture as this pest - is destroying millions of pesos’s worth of crops annually. 12 THE AMERICAN CHAMBER OF COMMERCE JOURNAL November, 1923 Consolidated Cars of Merchandise Machinery and Other Commodities are forwarded across the United States on dependable schedules connecting with steamers for MANILA, P. I. This service assures saving in time, in detail and expense. Less than car load shipments origi nating in territory east of the Missis sippi River when routed in our care move at car load rates plus our Nom inal Service Gharge. Rates and particulars relating to this service or other traffic information with which Philippine merchants may be concerned in the States, will be cheerfully furnished upon inquiry to our General Office. TRANS-CONTINENTAL FREIGHT COMPANY F. L. Bateman, President W. L. Taylor, Sec. and Treas. K. H. Hinrichs, Export Manager Export and Domestic Freight Forwarders. General Office: 203 So. Dearborn St., Chicago Eastern Office': Woolworth Building, New York Boston Old South Bldg. . Buffalo Ellicott Square Philadelphia Drexel Building Cincinnati Union Trust Bldg. Cleveland Hippodrome Bldg. Loa Angeles Van Nuys Bldg. San Francisco Monadnock Bldg. Seattle Alaska Bldg. Portland, Ore. 15th and Kearney Donver 1700 Fifteenth St Review of Business Conditions for September REVIEW OF THE EXCHANGE MARKET By W. D. Whittemore Manager, International Banking Corporation. Our dollar market has been comparati vely steady during the month, with selling rates generally 1%% premium for TT, al though occasionally one bank or another has made spasmodic sales at l/16t.h lower. During the last fortnight, however, a deci ded feeling of easiness appeared, which had quite a noticeable effect on the previous competition in the buying market and which should shortly be reflected in lower rates all around. Due to the weakness of sterling in New York, our local rates have tended steadily upward. We opened at 2/1 7/8 and ad vanced by easy stages of 1/16 or 1/8 every few days to 2/2 5/16 at the close. A mod est amount of business in sterling exchange has been transacted. The course of sterling in New York, with the exception of a few days, has been steadily downward, rates dropping from 4.55 5/8 to 4.48 3/4, which is the iowest quotation for many moons. At this dis tance it is futile to speculate on the causes of the decline, but it rather looks as though it might be due to the combination of the unfoi*tunate political situation in Europe with seasonal heavy exports of American products. Bar silver in London has been fairly steady in the main, at about a level of 31V&. At the beginning of our period the price was 31%, which is also the price at the close. In the meantime we have seen a high of 32%, a level which could not be maintained, and a low of 31 5/16. Nominal quotations for telegraphic trans fers on other points are: Paris .................................. 820 Madrid .............................. 136% Singapore .......................... 107 Yokohama ......................... 99% Hongkong .......................... 105 Shanghai ............. 70% India ................................... 156 Java ................................... 130 REVIEW OF THE HEMP MARKET By J. C. Patty Secretary and Assistant Treasurer, Maclcod & Company, Inc. Oiir last report was dated September 25, and this report covers the period from that date to October 24; but with statistics only up to October 22. U. S. GRADES'. At last writing the marke.t for U. S. grades, both in Manila and the United States, was quiet to dull with very little business doing. Manila quotations were F 1*17.00, I 1*16.00, and J 1*14.25, while the prices in New York were J 7 cents, I 7% cents, and F 8% cents. Since that time the market has slowly improved and a few days ago reach ed F 1*18.50, I 1*17.20 and J in some cases as high as 1*15.50; but 1*15.25 was done generally for this grade. Prices in New York at the same time reached 7% cents for J, 8% cents for I and 8% cents for F, the Nqw. York quotations being somewhat under the parity of Manila prices. The market at the moment is slightly quieter than it was a few days ago, there being less inclination on the part of exporters to buy at last prices. U. K. GRADES: At date of last report prices in Manila were about as follows: J 1*11.00, K. 1*8.75 to 1*9.00, L 1*8.50 to 1*8.75, and M 1*7.75. In London prices were J £31—, K £26—, 1, £25-10/, and M £24-10/. This market also showed a slight improvement during the two weeks fol lowing our last report, and by the 11th or 12th of October J grade was quoted at £32—, K at £27-5/, L £26-15/ and M £24-15/, while Manila at the same time was about 50 cents or 75 cents per picul over the quotations of a month ago. On October 13, word was received that the freight rates to the U. K. and Conti nent had been reduced to 65/ per ton. This resulted in a quick drop in prices in Lon don and a corresponding rise in Manila prices. London dropped immediately about 30/ while Manila advanced from 75 cents to 1*1.00 per picul. Some business was done on this basis, when London again advanced, J being done a few days ago at £31-10/, K at £26 to £26-5/, L at £25-10/ to £25-15/, and M at £23-10/ to £23-15/, while at the same time a further advance was registered in Manila prices, J-U. K. reaching as high as 1*13.00, K from 1*10.50 to 1*10.75, L 1*10.25 to 1*10.50, and M 5*9.50. During the past two or three days London has gone quieter. While quotations are' nominally the same, less business is doing, and Manila has sagged off about 25 cents per picul, business having been done yester day at J 1*12.6, K 1*10.2, L 1*10.00, and M 1*9.00, with some buyers indicating 25 cents less for K, L and M. FREIGHT SITUATION: On October 13, word was received in Manila from the China and Japan Homeward Freight Con ference that the rate to the U. K. had been reduced from 126/6— to 65/ per ton. No reason was given for this reduction; but it is generally known that considerable outside tonnage was offering from the Philippines to the U. K. at very consider ably under the then existing conference rate. We give below our usual statistics: 1923 1922 Hales Hales Stocks cn January 1... 155,195 256,400 Receipts to October 22. -1,188,968 993,401 Stocks on October 22... 183,287 169,408 Shipments To Oct. 22, To Oct. 22, 1923 1922 Hales Hales To the United King dom ...................... 284,333 236,627 To the Continent of Europe ................... 106,745 77,075 To Atlantic U. S... 326,417 300,714 To U. S. via Pacific. 180,696 254,144 To Japan ............... 200,970 160,341 Elsewhere & Local.’. 62,015 51,492 Totals ............. 1,161,176 1,080,393 November, 1923 THE AMERICAN CHAMBER OF COMMERCE JOURNAL 13 OCTOBER SUGAR REVIEW By Welch, Fairchild & Co., Inc. Our last review was dated September 27. NEW YORK MARKET'. We closed our last review with idzices that Cubas for prompt shipment had been sold at G cents, c. & f. This price was maintained, with refineries continuing to buy, until a less active demand for refined, and the ar rivals of full-duty sugars led to a weaker tone, causing a quiet market with prices tending gradually downward. The latest advices are to the effect that small quanti ties of Cubas have been sold for prompt shipment at 5-1/2 cents, c. & f. During the period under review, a cargo of Philippine centrifugal sugars afloat was sold at 7.53 cents, landed terms (-=5.765 cents, c. & f. for Cubas). Futures .on the exchange have remained fairly steady. The following table gives a summary of the quotations for the period under review: December ... March ........ May ............. LET PICTURES TELL THE STORY of your merchandise. Let Denniston’s Experts do the work for you if you want perfect pictures. PHONE ONE-O-SIX 0 DENNISTON, INC. 108 Escolta, Manila High Low 5.27<* 4.83<* 4.11 3.88 4.19 3.96 Latest quotation 4.89C* 3.95 4.03 LOCAL MARKET: There have been transactions in the local market for Cen trifugal for prompt delivery at prices rang ing from 1*16.00 to 1*16.50 per picul, ex godown. Buyers are showing interest in new crop Centrifugals for early delivery at prices ranging from 1*15.00 to 1*16.00 per picul, ex-godown. There have been small quantities of Mus covados purchased on the basis of 1*12.75 per picul, ex-godown, for No. 1, but stocks of. last crop Muscovados are prac tically exhausted. Reports of the general conditions of the growing crop continue to. be satisfactory. The mills are now getting ready to com mence grinding, and a general commence ment of harvesting is planned during the coming month. The sugar districts in Luzon and Ne gros are free from locust infestation at the present time, but a large reinfesta tion of uncultivated areas took place re cently at Mindoro, which, however, has' been brought well under control. Effective assistance was rendered by the Army authorities who have demonstrated that in fighting locusts airplanes can be used with excellent results by flying low over the infested district and dropping cal cium arsenate over it. In Mindoro an un cultivated area of fully one hectare was. treated in this manner, the actual time involved being about eight minutes. Re ports state that in less than 12 hours af terward, the hoppers in that area had been exterminated. ORIENTAL MARKET: As was anti cipated, Japan showed interest in the re maining stocks of our muscovado sugars in order to replenish her stocks, a large portion of which were lost in the. recent disaster in Yokohama and Tokio. The result has been that the balance of the crop has been sold at good prices. JAVAN MARKET: In keeping with the strength of the New York market, the Javan market advanced from Gs. 16-3/8 to Gs. 18 per picul for Superiors, for prompt delivery, but a quieter tone is now evident. Latest quotations to hand are Gs. 17-3/8 pel picul for Superiors for October/November delivery. During the period under review, con siderable quantities of new crop Javan suConfidence Inspiring '1X7hen you see a man like this you * * feel instinctively that you can follow him and not go far wrong in your judgment, and you are right. You can always safely follow smokers of Alhambra Cigars, and be sure of finding all you seek in cigars of unquestioned superiority ALHAMBRA CIGARS, ARE,=ENCE 14 THE AMERICAN CHAMBER OF COMMERCE JOURNAL November, 1923 PHILIPPINE TRUST COMPANY MONTE DE PIEDAD BLDG. TELEPHONE 1255 White Canvas Shoes are always appropriate for all occa sions— street wear, dress or sports. i Our Model 15-534 is a white canvas low-cut shoe made , ' of the best materials in an up-to-date | style. Bal Last, leather or fiber soles, Goodyear rubber heels. See them in our windows -p-10.00 ! HIKE SHOE PALACE HIKE SHOE FACTORY ! Roxas Bldg. Escolta 286 San Marcelino | 1 T. G. Henderson. Mgr. R. A. McGrath, Pres. | LEO K. COTTERMAN R. C. BALDWIN M. H. O’MALLEY R. E. MURPHY p. MEYER J. G. LAWRENCE P. C. WHITAKER W. D. CLIFFORD C. BARAHONA Offers an unexcelled banking service to individuals and corporations; transacts a gen eral banking business and maintains special departments with facilities of the highest character, viz.: COLLECTION, DOMESTIC AND FOREIGN EXCHANGE, SAVINGS, BOND AND TRUST Acts r.s administrator of estates, or ns executor or trustee under wills, and as trustee under „dced securing the issuance of corporate bonds. M. H. O'MALLEY, W. D. CLIFFORD, President. Vice-President. F. W. KENNY, Cashior. YOU Member American Bankers Association Bank—New York Correspondent MASONIC TEMPLE YOU have only one pair of eyes, and you will never have another. It is up to you to decide whether you will abuse those eyes or whether you will take good care of them. Have your eyes examined frequently especially if you are wearing glasses; and at least once a year even if you don’t wear It is only common sense. gars were sold at prices ranging from Gs. 14 to .Gs. 14-1/4 per picul for Superiors for June/July delivery and Gs. 13 to Gs. 13-3 4 for Browns for August 'September deli very. GENERAL'. The following are the la test crop estimates: European beet crop........ Louisiana crop ............. Domestic beet crop........ 5,300,000 tons 220,000 ” 755,300 ” October 2G, 1923. COPRA AND ITS PRODUCTS By E. A. Seidenspinner Manager, Willits and Patterson, Ltd. COPRA The copra market for October has been exceedingly erratic, undoubtedly due to the fluctuating bids from London. Beginning the month with trading being done at 4*11.50 for resecado, prices gradually eased off un til an 1'11.00 level was reached. . Very few lots changed hands’ at this latter figure, however, and today we find the market steady at Fl 1.25 to 4*11.375 for resecado, ex-bodega. Production during the first three weeks of the month was fairly steady, but has weakened during the past few days due to the demand for labor in the rice fields. This condition is but temporary and produc tion will return to normal during the first week of November. We estimate total arrivals at Manila for October, 1923, to be 315,000 sacks as against 357-000 sacks for October, 1922. Latest quotations from U. S. and foreign markets follow: U. S..................................... 4-5/8 cents. London ....................... £25-15-/F. M. M. COCONUT OIL The U. S. market for this item ruled in active during the first two weeks of the month, but eased off 1/4 of a cent per pound with the increase in selling pressure manifested between October 15 and 22, during which period fair quantities of oil changed hands at 7-7/8 cents, f. o. b. tank cars West Coast. During the last few days sellers have withdrawn, and the mar ket is reported quiet at 7-7/8 cents, f. o. b. tank cars Pacific Coast. Latest advices follow: U. S. .. 7-7/8 cents f. o. b. San Francisco. London ......................... £41-10-/. nominal. Total oil exports for the month of Octo ber will approximate G,180 tons as against 8,9G1 tons for October, 1922. COPRA CAKE A number of inquiries for this item have .been received in the local market during the past week. Due to the small stocks, however, comparatively few trades have been .put through. We are advised that local buyers indicate 1*38.00 per metric ton, ex-warehouse, for shipment up to the end of the year. FOREIGN QUOTATIONS U. S.........$23.00 per ton of 2,000 pounds, c. i. f. West Coast ports. London ... £G-5-/. Manila, October 27, 1923. IRON AND STEEL REVIEW By Chas A. Clark Pacific Commercial Company October business in iron and steel has been keeping ahead . of September, which in turn was better than August; but the volume for October is not large enough to November, 192.3 THE AMERICAN CHAMBER OF COMMERCE JOURNAL 15 command favorable interpretation, as the building season has opened with almost perfect weather conditions and building construction should show greater activity. The truth is that the tone is weak, al though stocks are not large except in wire nails. There are many weak holders of small stocks who must turn over their stocks for funds with which to meet pay ments for goods arriving. Several important contracts have been recently awarded by the Bureau of Public Works for irrigation projects, bridges and buildings. These wiill develop a demand that should materially reduce present stocks. In consequence prices will be stim ulated, although they may not advance. GALVANIZED IRON SHEETS: — Tone weak; spot sales light. Rumors of substantial bookings for forward delivery. Demand light. Reduced prices all around, )ut particularly on 30 gauge, with which he market is overloaded. These will react, lowever, as no one has dared to place for ward orders in view of the heavy stocks. The Bureau of Supply has awarded to he Pacific Commercial Company a conract for Keystone AA copper steel extra •alvanized sheets, corrugated and plain, aggregating in price <*32,250. GALVANIZED BARBED WIRE: — Veak holders have unloaded at cost and t a sacrifice. No large stocks. Demand hould improve. A shortage will not be a urprise to those who keep in close touch dth conditions. GALVANIZED WIRE FENCE:—As his class of fence is rapidly becoming inispensable, demand increases. PLAIN G. I. WIRE:—Demand normal; rices firm; stocks low. WIRE NAILS:—Until arrival of ship ments late in the month, stocks and prices ere ragged; 2", 3", 5" and 6" nails rem anded high prices, as the market was actically bare of stocks; these sizes are ill in strong demand. 9,000 kegs of nails arrived per steamer nsley City late in October. This heavy ;• rival hafe depressed prices. However, • e oversupply will disappear rapidly at ■ is season of the year, and prices will act to normal. STEEL BARS’ -—No activity in soft cel bars. Entry of small quantities of Belgian basic bars has temporarily weak■ ed prices, as there is always a fair de”, ind from buyers who regard prices only. Reinforcing steel bars, quiet. Contrac1 :• s are preparing to place orders, but are 1' lding off for lower prices. As manu-i cturers’ costs have not declined, lower p: ices in our market can only be obtained ■rom weak holders. All others are firm - <1 stocks are very low. f--- ----------- --~---------> THE RICE INDUSTRY | By Percy A. Hill i •. of Munoz, Nucva Ecija, . Director, Rice Producers9 Association. j As we pointed out in the last review, ps’ay (unhulled rice) took a tumble in o’, ce, and is now bringing less than :-*4.90 P-: cavan at the shipping points. If this ! > ce is maintained for the early crop ofi ings, it will still mean a rise of apn. ximately 10% over last year’s prices, ai this would only mean that the “staff ife” is advancing in common with other c< nmodities the world over, in spite of vails frem the laboring classes, who would d. -ess all others than themselves in tryii.. to obtain what is erroneously called iving wage.” "■ he next thirty days, however, is the . >• cal time for Philippine rice, and upon 'L weather conditions are predicated the ’ AUTO TRUCKING CO. PHONE , 2345 ! FURNITURE MOVED CONTRACT HAULING BAGGAGE TRANSFERRED DUMP TRUCKS FOR HIRE 1 H. CARSON. Proprietor. 1955 cAZCARRAGA INSULAR LUMBER COMPANY MANUFACTURERS AND EXPORTERS PHILIPPINE CABINET WOODS ANNUAL CAPACITY 36,000,000 FEET TANGUILI RED LAUAN ALMON and APITONG LUMBER cTWANILA, P. I. FABRICA, P. I16 THE AMERICAN CHAMBER' OF COMMERCE JOURNAL November, 1923 WELCH, FAIRCHILD & CO., INC. SUGAR FACTORS AND EXPORTERS MANILA, P. I. Cable Address: WEHALD, MANILA Standard Codes Opprating Sugar Central New York Agents: Welch, Fairchild & Co., Inc. 138 Front Street price of the local cereal, even supposing that ample export surpluses exist in the exporting countries. Insurance for food crops, in the way of irrigation, so badly needed, is still in course of construction, but it will take a number of years, a strong driving policy and leaders to put it into being. Mcst certainly it will not prosper if, after raising the money on irrigation bonds, it. should then be appropriated for other, and not so vital, needs, as was done a couple of years ago in the last days of the Harrison regime. Exportable surpluses from Burma are quoted under date of October 1 as being in the neighborhood of 650,000 tons of cargo rice, nearly all of which has been contracted for. Crops there are reported as being good, but they also have weather conditions to take into consideration. Siam has an ample surplus, but in the case of Cochin-China (which includes Cambodia) the amount is not very large cn account of the crop loss from too much rain last year, and it is mainly from this source that we draw Philippine importations. In case of a drought or a short crop, that market would naturally respond to local Philip pine conditions as to advanced prices, un less an excessively large crop were pro duced there, which is about to ripen in the next ninety days. All the rice exporting countries are pro vided with crop insurance in the form of artificial water control to a great extent, but nevertheless are dependant on favor able weather conditions, which mean larger exportable surpluses; but the Philippines are net in that class and probably never will be, just on account of a shorter, drier growing season. The monsoon seems to have changed earlier this year, and, as before mentioned, the next thirty days will mean either prices as indicated by normal supply or an additional five or ten million pc’fsos for the food bill. Mindoro Sugar Company San Jose, Mindoro, P. I. Matson Navigation Company San Francisco San Francisco Agents: Welch & Co. 214 California Street LUMBER REVIEW August-September By Arthur F. Fischer Director of Forestry. Columbia Pacific Shipping Co. Portland THE YOKOHAMA SPECIE BANK, LTD. (ESTABLISHED 188 0) HEAD OFFICE: YOKOHAMA, JAPAN YEN CAPITAL (PAID UP) ......................... 100,000,000 RESERVE FUND....................................... 73,000,000 UNDIVIDED PROFITS ......................... 5,108,236 MANILA BRANCH 34 PLAZA CERVANTES, MANILA T. ISOBE MANAGER PHONE 1759—MANAGER PHONE 1758—GENERAL OFFICE Production and sales of lumber during September have averaged about the same as for August, as indicated by reports so far received. During August, the total reported pro duction was 11,797,000 board feet, while the indicated production for September is 11,500,000 board feet, compared with 8,936,000 board feet for September, 1922. Indicated lumber sales for September are slightly larger than the sales of 9,573,000 board feet during August, though still con siderably below the maximum shipments of 12,718,000 beard feet recorded for July. The total sales for September, 1922, were 8,521,000 board feet. Inventories of stock on hand at the end of September Were approximately 20,000,000 board feet as compared with 19,479,000 beard feet in August, and 18,391,000 board feet in September, 1922. Foreign shipments of lumber and manu factures of wood continue to show a large increase over exports for 1922 through the activities cf the larger companies in at tempting to supply the demand they have developed for Philippine lumber abroad. The total lumber and timber exported from January to August 19?3, is 22,098,000 board feet valued at 1*1,934,596, as com pared with 11,958,000 board feet, valued at 1*1,096,118, exported during the same November, 1923 THE AMERICAN CHAMBER OF COMMERCE JOURNAL 17 period of 1922. The value of wood manu factures consisting of veneer, furniture and miscellaneous articles exported during the period from January to August, 1923, is 1*311,034 as compared with 1*148,087 dur ing 1922. Large shipments for both the Australian and United States markets as well as smal ler shipments for China, Japan, etc., have also been prepared for or are already ship ped during September and October, so that there appears little doubt but that the ex ports for 1923 will practically double those for 1922. v , In other words, Philippine lumber is al ready appreciated in foreign markets and the principal need for putting this trade on a firmer basis and more adequately sup plying the actual and potential demand is the organization of the smaller mill owners who are capable of supplying considerable quantities of export grade lumber which is now going on the local market in the form of mill run and bringing them only a frac tion of its value if properly sawn and graded. REAL ESTATE By P. D. Carman, San Juan Heights Addition. Sales, City of Manila August 21 to Sept. 21 to Sept. 20 Oct. 20 Santa Cruz ....... Quiapo ............... Paco ................... Tondo ................. Binondo ............. Malate......... Sampaloc ............ Santa Ana.......... Ermita ............... San Nicolas .... San Miguel ........ Intramuros.......... Pandacan ............ Santa Mesa .... 1* 303,245 1* 134,158 17,187 83,905 48,899 382,218 54,514 73,000 16,000 194,064 85,480 5,700 866 62,831 27,450 56,600 21,800 56,250 66,350 34 13,400 I* 1,153,444 1*550,507 January ................. February ..................... March ..................... April ............................. May ............................. June ............................. July ............................. August ......................... September ................... October ......................... 1* 570,486 1,151,309 778,153 729,829 1,381,465 1,027,668 717,859 504,123 1,153,444 550,507 There is little room for comment. Here we have next to the worst month in a bad year. Fcur districts show no transactions, five show much lower figures than last month, while five are somewhat higher. The colcssal disaster in the eartquake area of Yokohama and Tokio has resulted in a tremendous flurry in the trans-Pacific trade from the Pacific Coast, comparable in excitement and in uncertainty with war time atmosphere, and out of this condition is expected to develop a marked stiffening of the Oriental freight market and other routes from the Pacific Coast. However, Japan is not buying heavily as yet. Orders in the normal course of business are going through, but nothing would indicate that Japan herself is yet’ready to consider her reconstruction problem. NEAT AND ATTRACTIVE DESIGNS CALL WITH SAMPLES BOOKBINDERS ENGRAVERS PHONE 151 AND OUR MAN WILL OPEN FOR YOUR INSPECTION Santa Cruz Bridge ®1|P Sintra Jlrraa = 18 THE AMERICAN CHAMBER OF COMMERCE JOURNAL November, 1923 FIRE INSURANCE E. E. ELSER Atlas Assurance Co., Ltd. London Fire Insurance The Employers Liability Assurance Corporation, Ltd., London Fire, Plate Glass, Automo bile and Accident Insurance The Continental Insurance Co. New York Fire Insurance Information as to rates or other matters pertaining to Fire Insurance cheerfully furnished by E. E. ELSER Kneedler Building 224 Calle Carriedo P. O. Box ^8 Phone 129 Jable Address—“EDMIL,” Manila. H. R. ANDREAS MANILA, P. I. EXPORTER AND IMPORTER H. R. ANDREAS 306 MASONIC TEMPLE MANILA, P. I. P. O. BOX 1483 PHONE 269 Cable Address: '‘ANDREAS” Code: “Bentley’s—Private” NEW INCORPORATIONS PHILIPPINE GYPSUM MINING COR PORATION, Manila; exploitation of gyp sum mines at Batangas, capital stock 1*200,000, subscribed and paid up 1*156,000. Directors: Jose Arguelles y Agregado (treasurer), Gregorio Limjoco, Francisco L. Arguelles, Juvencio de Villa, Juan P. Arguelles. GAPANG, INC., Gapan, Nueva Ecija; rice threshing and milling; capital stock 1*30,000, subscribed and paid up Pl9,464. Directors: Fortunato Gonzalez, Valentin Reyes, Julian Barlis, Agustin Cuizon (treasurer), Arcenio Morales, Hospicio Garcia, Jose G. Reyes, Joaquin N. Valmonte. NATIONAL MOTOR COMPANY, INC., Manila; automobiles; capital stock P25.000, subscribed P7,000, paid up Pl,900. Direc tors: Macario F. del Castillo, Ramon Are valo (treasurre), Alejandro Lorenzano, Ro man Santiago, Fausto Bautista. LA URBANA SOCIEDAD MUTUA DE CONSTRUCCION Y PRESTAMOS, Ma nila; building and loan association; capital stock not to exceed P20.000,000 subscri bed P26.000, paid up P 16,125. Directors: Jose Arhaiz, Tirso Lizarraga, Antonio de la Riva (treasurer), Santiago Elizalde, Alfredo Chicote, Juan Riu, Jesus Cacho. MANILA GRAFICA, INC., Manila; printers, publishers, booksellers, statio ners; capital stock P6,000, fully paid up. Directors: Francisco Ferrer y Gutierrez (treasurer), Antonio Ferrer y Gutierrez, Antonio Gutierrez del Campo, Zacarias Gutierrez Lora, Juan Manalac Fernandez. K. NASSOR, INC., Manila; importers of dry goods and curios; capital stock P 300,000, subscribed 1’60,000, paid up 1*15,000. Directors: Abraham Adad (treas urer), Kamel N. Nassor Jureidini, Eduardo Gutierrez Repide, Felix Socii’s Leoncio B. Monzon. THE CENTURY MOTION- PICTURE COMPANY, INC., Manila; theater, boxing stadium, film exchange, etc.; capital stock P5,000, subscribed and paid up PT,040. Directors: A. B. Villanueva, Milton E. Springer (treasurer), A. C. del Rosario, F. Franco, J. F. Suaco. PHILIPPINE SHOE MANUFACTUR ING COMPANY, INCORPORATED, Ma nila; capital stock P-19,000, subscribed P10,000, paid up P2,500. Directors: George L. Logan :(treasurer). N. K. Franklin, F. L. Hennigar, Cecil Murphy, Wm. H. Chapman. GREGORIO PERFECTO & COMPANIA, 1NCORPORADA, Manila; water and land transportation, shipping; capital stock P70.000, subscribed Pl4,100, paid up 1*10,100. Directors: Gregorio Perfecto, Paz de Perfecto (treasurer), Dolores Evangelista, Francisco Grey, Petra Arcinas. ZAMBOANGA CARNIVAL AND IN DUSTRIAL EXPOSITION. INC., Zambo anga; yearly carnival and industrial expo sition; capital stock P40,000, subscribed P10,120, paid up P2.885. Directors’: Flo rentino Saguin, Pablo Lorenzo, P. J. Moore, Francisco Barrios (treasurer), Col. H. Gilheuser. Juan Macaracg, Maj. Allen S. Flet cher, N. Valderosa, E. D. Aguilar, Floren cio Marquez, Gregorio Ledesma. THE BOHOL LAND TRANSPORTA TION COMPANY, Tagbilaran, Bohol; capital stock P150.000, subscribed P51.000, paid up P30,600. Directors: IV. C. Ogan (treasurer), Max Blouse. A. L. Ammen, Isabelo Binamira, Jose Amador. November, 1923 THE AMERICAN CHAMBER OF COMMERCE JOURNAL 19 LOEWINSOHN & CO., INC.. 158 San Luis, Manila; automobile garage and sales rooms; capital stock 1*30,000, subscribed and paid up 1*12,000. Directors: Simon Mossesgeld Santiago, J. J. Loewinsohn, Luis Mossesgeld, Ernest Loewinsohn ( trea surer), Jose Mossesgeld. KELLER. KERN & COMPANY, LIMITed, Wise Building, Manila; general mer chants ; capital stock 1*200,000, subscribed and paid up 1*138,000. Directors: Edward Keller (treasurer), E. Kern, George Woess ner, Charles G. Duft, Harry A. Keller. Sidney C. Schwarzkopf, Benjamin S. Ohnick. RAINBOW, INC.. 418 Rizal Ave., Ma nila; purchase and sale of food products, restaurants, represhment parlors, etc.; capital stock 1*20.000, subscribed 1*9,900, paid up 1*7,900. Directors: Thomas Con’fesor, Vicente Gerochi, Alejo Cabrera, Rosalina de Confesor (treasurer). Serafin Golez. COSMOPOLITAN HOTEL. INC., 504 Ri zal Ave., Manila; restaurants and refresh ment parlors; capital stock 1*100,000. sub scribed and paid up 1*37,200, Directors: Dr. Julio Luz, Dr. Casiano Sandoval (trea surer) . Mrs. Carmen Genato, Teofilo Mendeza, Florencio Julio. VEGETABLES PLANTATION AND POULTRY FARM INC., De la Rama Building No. 2, Manila; capital stock 1*15,000. subscribed 1*3,000, paid up 1*765. Directors: Mariano Yenko, Mariano San tos, Antonio Celestino, Baldomero Santia go. Sixto Celestino (treasurer). LA NACION FABRICA DE TABACOS Y CIGARRILLOS, INC., 28 Soler, Manila; capital stock 1*50,000. subscribed 1*13,250, paid up 1*12,075. Directors: Miguel E. Gozon, Leopoldo Labug (treasurer,, Pedro V. Paras, Benjamin Gosioco, Gregorio Reyes. NEW MEMBERS Associate Harry Rosenberg, 475-485 A. Mabini, Manila. WHAT IS MAHOGANY? Recent press notices state that mahogany importers are concerned because of consid erable confusion in the American furni ture trade and other lines as to identity of mahogany and other wcods which are substituted for mahogany. It is stated that American mahogany importers will conduct a campaign to educate lumber consumers on the mahogany question. The original mahogany. (Swietenia mahagoni) comes from Mexico, Central America, northern South America, and the West Indies. Woods resembling Swietenia mahagoni have been introduced from the Philippines, the East Indies, and Africa, and are sold in the United States as Philippine mahogany, East Indian mahogany, and African maho gany. The rules of the two hardwood as sociations list Mexican and African maho gany (including Central and South Amer ican mahogany), Philippine mahogany, and Cuban mahogany. Inasmuch as the dif ferent mahoganies are put to the same general uses it appears that each should be marked on its inherent merits. While a little mahogany is found in southern Flo rida, the only United States source of com mercial mahogany is the Philippine Islands. MERCHANDISE Milton Hayes, a music hall entertainer, is reported to have made an extraordinary “hit" by the recitation of the verses “Mer chandise" on the stage in London. This is the first time a business subject treated in this way has occasioned popular acclaim. King George went to hear it and applauded enthusiastically. Merchandise! Merchandise—Tortoise-shell, spices, Carnets and indigo—sent o’er the high seas; Mother-o’-Pcarl from the Solomon Isles— Brought by a brigantime ten thousand m'l .s. Rubber from Zanzibar, tea from Nang-Po, Cer>ra from Hayti, and wine from Bordeaux; Ships, with top-gallants and royals unfurled. Are bringing in freights frem the ends of the world. Crazy eld wind-jammers, manned by Malays. With rat-ridden bulkheads and creaking old stays, Reeking of bilge and of paint and of pitch— That’s how your fat city merchant grew rich; But with tramps, heavy laden- and liners untold You may lease a new life to a world that's grown old. Merchandise! Merchandise! Nations are made By their men and their ships and their over seas trade. So widen your harbors, your decks and your quays, And hazard your wares on the wide ocean ways, Run out your railways and hew out your coal, For only by trade can a country keep whole. Feed up your furnaces, fashion your steel, Stick to your’ bargains and pay to the deal; Rich is. your birthright, and well you’ll be paid If you keep in good faith with your overseas trade. Learn up geography—work out your sums, Build up your commerce, and pull down your slums; Sail on a Plimsoll that marks a full hold; Your overseas trade means a harvest of gold, Bring in the palm oil and pepper you’ve brought, But send out ten times the amount you import; Trade your inventions, your labor and sweat; Your overseas traffic will keep ye from debt. Hark to the song of the shuttle and loom, “Keep up your commerce or crawl to your tomb!” Study new methods and open new lines, Quicken your factories, foundries, and mines; Think of Columbus, De Gama and Howe, And waste not their labors by slacking it now; Work is life’s currency—earn what you’re .worthAnd send out your ships to the ends of the earth. For deep-bosomed mothers with wide-fash ioned hips Will bear ye good sons for the building of ships; Gcod sons for your ships and good ships for your trade— That’s how the peace of the world will be made! So send out youi’ strong to the forests un trod, Work for yourselves and your neighbors and God; Keep these great nations the homes of the free, With merchandise, men and good ships on the sea. Merchandise! Merchandise! Good, honest merchandise! Merchandise, men and good ships on the sea! FRENCH MARINE DECISIONS An interesting series of decisions recently has been handed down by the Marseilles Tri bunal of Commerce and the court of appeals at Aix-en-Provence with respect to the liability of steamship companies for dam ages suffered by merchandse transported in their vessels. One of these decisions de fines the bill of lading as constituting an “integral agreement” and applies its pro visions to merchandise damaged while in charge of a transportation company, even though not actually on board a vessel. At the next international congress of maritime law it is expected that the minimum amount of a steamship company’s liability will be fixed. Reports state that Penang is borrowing the equivalent of $1,240,00 from the Straits government, a part of which sum is to be used for the installation of a water-supply system, the ultimate cost of which will De about $3,400,000. THE AMERICAN CHAMBER OF COMMERCE JOURNAL November, 1923 Last month’s Chamber' activities cen tered around the big benefit performances at the Grand Opera House. The show re quired constant work and cooperation on the part of all concerned and every facility of the Chamber was placed at the disposal of General Director Julian A. Wolfson, who worked untiringly to make the show a success. Everybody helped under the peppy inspiration of the "impresario,” who labor ed harder than anybody else. The Chamber was found to be an ideal place for rehearsals. The close proximity of refreshments, both of a liquid and a solid nature, added much to the popularity of the premises for this purpose. Private advices from an Active member of the Chamber in New York City are to the effect that the Federal authorities are firm in their determination to collect the back income taxes. Some of the Manilans in the States have already come across and others are about to follow. Says our in formant : "The income tax for Americans is 'be coming a serious matter... You had bet ter line up the boys who will be affected and break the news gently. All will have to pay sooner or later. We don’t as a rule blow our own horn, but the following except from a letter to the Secretary from C. A. Tupper, president of the International Trade Press, Inc., of Chicago, publishers of a string of big tech nical journals such as the Engineering World, Highway Engineering and Con tracting, Concrete Products, Cement Mill and Qua rt y. etc., etc., just bursts our bonds of modesty: So far as the American Chamber of commerce cf the Philippine Islands is concerned, its attitude is one of service, and I may add that its record in this respect has been unusually energetic and helpful. The Journal which you publish is the best of its kind gotten out in any part of the world and while we have thousands of papers coming in here every month I have usually found time to look through your Journal. Its reading pages are not only good, but the advertisements also contain a great deal of interest, and I have obtained valuable information from them. Fre quently they have enabled me. in answer to inquiries from our clients, to point out sources of material or service which have resulted in business for the advertisers. The Sunday afternoon lectures (4 to 5 o’clock) are going very well, with a large number of members and men and women of the general public at each succeeding one. Those for November are: November 4.—Justice Noberto Romualdez on “Philipine Literature and Arts” with exhibit. November 11.—Dean Jorbe Bocobo, of the University of the Philippines, on “Filipino Contact with America.” November 18.—E. H. Taylor, formerly of the Bureau of Science, on “Heredity.” November 25.—Dr. George William Wright, of Ellinwood Seminary, on “Christ mas in Song and Story,” and Mrs. Emilia Cavan and the Ellinwood Chorus in a pro2 gram of sacred music. The Atlantic, Gulf and Pacific Company has given to the Chamber of Commerce an enlarged aeroplane view of the company’s port plant, showing the slipways. Dennis ton’s, Inc. has given the Chamber of Com merce additional panel pictures of Phil ippine landscapes, and the Camera Supply Company has also contributed one view to the decoration of the main hall. Other views have been purchased by au thorization of the Directors and frames are being made in the Trade School from hard wood. so that this use of the wood will serve to bring it to the attention of many visi tors. Associate Member Dr. C. W. Daywalt, is growing Italian lemons on his Mindoro estate. The experiment has proved success ful and the plantings are being extended. MANILA-BAGUIO Special Through Service MANILA RAILROAD and BENGUET AUTOMOBILE LINE Commencing November 28, and weekly thereafter following schedule: FRIDAY Leave Manila________ 10:30 p. m. MONDAY Leave Baguio about _ _ 5:00 p. m. Leave Damortis______ 10:15 p. m. during the season, special trains will be run on the SATURDAY Arrive Damortis______ 5:15 a. m. Arrive Baguio about __ 8:30 a.m. TUESDAY Arrive Manila________ 5:10 a. m. These trains will stop at Bigaa, Malolos, San Fernando, Dau, Tarlac, Paniqui, Dagupan and San Fabian. Modern equipment consisting of buffet, sleeping cars and coaches will afford convenience and comfort for persons desiring to visit the greatest pleasure resort in the Orient. Schedule is so arranged that week-end trips can be made with three days, or longer, stop in Baguio affording ample time for rest or recreation. Hiking, horseback riding, motoring or golf at an altitude of 5,000 feet amongst towering pine trees will give you never-to-be-forgotten pleasure and that ‘ pep” which you probably need. Round trip tickets, Manila to Baguio, and return, good for 60 days, are on sale at the Manila Hotel Ticket Office and the Manila Station (Tondo) at the following rates: First Class_________________P36.50 Third Class________________ 17.40 Express matter is also handled on these trains, special attention being given to the forwarding of fruits and vegetables. MANILA RAILROAD CO. November, 1923 THE AMERICAN CHAMBER OF COMMERCE JOURNAL 21 From the preliminary report of Active Member A. G. Henderson, who represented this Chamber at file annual convention of the American Chambers of Commerce of China in Shanghai, October 16;17: “Of great interest to Americans in the Far East, as well as in other foreign coun tries, is that part of the conference busi ness relating to the payment of income tax by Americans abroad . . . The Manila Chamber has drawn up strong recommen dations opposing the enforcement of the income tax abroad, and these recommenda tions were accompanied here by a letter from Governor General Wood, of the Phil ippines, who strongly endorsed the senti ments of the chamber. . . The Manila Chamber’s recommendations in this respect were endorsed.” .Thus we are securing support for our protest against the proposed action by the Treasury Department at Washington, and the stand of the Governor General obtains endorsement from our fellow Americans in China. There has not been time as yet to hear from other points abroad to which our memorandum was sent with special letters. There has been some inquiry as to the present membership of the board of di What the Red Cross Has Done in the Philippines In March, 1922, the Philippines Chapter of the Red Cross was engaged in limited activities in three departments only—Home Service for disabled soldiers and sailors of the Army and Navy; Junior Red Cross, the. activities of which were confined to the city of Manila, and that to a very limited extent; and the Nursing Service with a very few graduate nurses as vi sitors in the homes of the various districts. Compared'to this, the Chapter is active ly engaged at present in the following work: PUBLIC HEALTH NURSING with 90 nurses on duty in Manila and the provinces. HOME SERVICE with 350 Filipino fa milies on the list. HOME SERVICE for civilian families in cooperation with the Associated Chari ties with 700 Filipino families on the list. PRODUCTION ROOM giving employ ment to poor women and producing an average of 500 garments per month for disaster relief and other needs. DISASTER RELIEF which during the year has furnished aid to 11 municipalities in different parts of the Islands due to fires, two districts due to epidemics, and five districts due to floods. It is evident that during the year a large and active organization has been developed, an organization that reaches all parts of the Islands with some form of social service. The Nursing Service and Puericuliure Centers, 'especially, are doing excellent work. This is shown by statistics com piled by Miss Gibbes showing that the Red Cross activities in Manila during the year have resulted in a reduction of infant mortality from 176 to 52.4 per 1000. The Junior Red Cross is of equal im portance because it now has a paid mem bership that has been developed by 350,000 school children within the school organitions. As a result, 55 Red Cross dentists are now treating monthly more than 25,000 school children and actively cooperating with the various provincial Red Cross or ganizations in many other ways where their services are of help. The third most important development has been that of the Associated Charities which, although doing excellent work, was rectors of the Philippine National Bank. For the convenience of members of the Chamber of Commerce the following is pub lished: Rafael Corpus, president; Salvador Laguda, vice-president; Miguel Cuaderno, Gre gorio Agoncillo, Arthur F. Fischer. Serapion Valle Cruz. Wm. J. Shaw, and C. M. Cotterman. There is one vacancy. The committees of the Board of Directors are as follows: Executive Committee: Mr. Corpus, chair man; Mr. Cuaderno; One vacancy. Oil Committee: Mr. Cuaderno, chairman; Mr. Cotterman; one vacancy. Sugar Centrals Committee: Mr. Fischer, chairman; Mr. Laguda, Mr. Agoncillo. Agricultural Committee: Mr. Laguda, chairman; Mr. Valle Cruz; Mr. Agoncillo. The famous address made at the Cham ber by the Hon. J. Sloat Fassett last March has made a big impression in the United States, judging from communications being received constantly. The Reno Gazette in August ran a series of editorials on the Philippine question based on Mr. Fassett’s talk. about to go out of existence due to the lack of funds. Since the Chapter took over the Associated Charities as a bureau, their activities and- usefulness have been more than trebled. The development of this ac tivity has also been useful to the entire Red Cross organization, constituting, as it dees, a training center for social workers which are badly needed in the Philippines. The Home Service fcr disabled soldiers and sailors has been developed to a point where prompt and intelligent service is rendered to the men and their families. The work of the Production Room has been so systematized r.s to offer continuous employment to more poor women than ever before, the work itself being done more economically and efficiently. The activities of the Department of Dis aster Relief have been centralized, speeded up, and made more effective. With all these activities the Red Cross has not yet reached the height of its use fulness. Much more work remains to be done, work that cannot be accomplished without help and cooperation from the public. The new drive for membership— the Roll Call—begins November 11, 1923. It is hoped that every reader of this publi cation will do his bit that the usefulness of the Red Cross in Philippines may grow and continue. Viegelmann, Incorporated, invite you to make your bookings for the trip home x>fa Spain and Germany Monthly sailings from Manila via Singapore, Colombo and the Mediterranean Sea connecting at Hamburg by weekly sailing of the combined service of the United American and Ham burg American Lines. Manila P. O. Box 767 Tel. 664 CHAMBER ENDORSES ST. LUKE’S HOSPITAL PLAN Endorsement of the reorganization plan of St. Luke’s hospital by which that in stitution would have a special department for American and European patients was unanimously voted at the weekly meeting of Chamber members on Wednesday, Oc tober 10. Dr. N. M. Saleeby, of the hospital staff, explained the project, stating that the idea is to enlist the support of all members of the American and European communi ties, who would be expected to contribute monthly for the maintenance of the hos pital, ts2 for individuals and higher rates for families and business houses. He. stated that adequate facilities could be secured in this manner without cost and that all local American and European physicians would be welcomed cordially. A new Board of Directors, composed of representative per sons from the American and European communities had been appointed, he said, and this board would have complete control of the St. Luke’s Hospital Association, which would be separate and distinct from the other activities of the St. Luke’s or ganization. Rev. Dr. J. B. Ferguson, of the Union Church, spoke at some length, eloquently setting forth the necessities of such a hos pital. He also stressed the advantages of the proposition from a business standpoint, as the hospital authorities are turning over a completely equipped hospital which does not require any capital investment, only the cost of maintenance. Judge Fred C. Fisher briefly related the history of the European-American hospital movement in Manila and strongly urged the adoption of the present plan. One of the objects of the Board of Directors, he stated, is to interest ail local American physicians in the project. A. B. Cresap, who headed the last drive for a separate and distinct AmericanEuropean hospital, said that while he fav ored such an idea, the present plan of'fers the best immediate solution of the pro blem. Director J. W. Haussermann, who presi ded at the meeting, advocated adoption of the plan, as did H. C. Sanford, for the Bri tish community. Active Member W. D. Whittemore moved for the endorsement of the project, which motion was duly seconded and una nimously carried. Dr. J. E. Reed and Dr. F. G. Haughwout urged the necessity of securing co operation among the American and Euro pean physicians. Judge Fisher stated that he saw no reason why the doctors should not heartily cooperate in the plan. 22 THE AMERICAN CHAMBER OF COMMERCE JOURNAL November, 1923 WITH THE BOARD OF DIRECTORS Tuesday, October 1293. Present: Directors Elser, Gaches- Hausstrman. Heath and Russell. Out of respect to the memory of the late Col. Henry B. McCoy, a Director of the Chamber, the meeting- adjourned im mediately after the passage of the follow ing resolution: Tuesday, October .9, 1923. Present: Directors Elser, Gaches, Green, 'Haussermann, Heath, Meyer, Russell. The following resolutions, unanimously adopted at the meeting of Active and As‘©e Philippine Guaranty Company, Inc. (Accepted by all the Bureaus of the Insular Governmcut) Execute's bonds of all kinds for Customs, Immigration and Internal Revenue. DOCUMENTS SURETYSHIPS For Execiitors, Administrators, Receivers, Guardians, etc. We also write Fire and Marine Insurance ow rates ■ iberal conditions I ocal investments I . oans on real estate repayable by ■ 1 monthly or quarterly instalments at A ow interest Call or write for particulars Room 403, Filipinas Bldg. P. O. Box 128 Manila, P. I. Manager’s TeL 2110 Main Office Tel. 441 socir.te members on Wednesday, September 26, were unanimously approved by the Di rectors, and the President was authorized to appoint members of the Relief commit tee: Resolved that the American Cham ber of Commerce of the Philippine Is lands assume responsible direction of relief work in the Philippines in the interest of American residents, and that the Chamber extend an invitation to each of the bodies contributing to the membership of the American Relief Association to continue active partici pation in this .work under the leader ship of the American Chamber of Com merce; and Resclved, further, that a special Re lief committee in the Chamber of Com merce bo established, and that the pre sent members of the Executive comcittee of the abo"e-mentioned Ameri can Relief Association be named by the Directors of the Chamber of Com merce as members of said special Re lief committee. The Directors decided that the Chamber could not at present avail itself of the op portunity of purchasing advertising space in the Carnival program booklet. A contribution of F150 for the building fund of the United States Chamber of Commerce was voted. The suggestion of B. F. Burchardt that the United States Government assign a na val reserve vessel to the Philippines as a training ship for naval reserve men, was discussed tentatively and the Secretary was instructed to address an inquiry regard ing the matter to Admiral George Marvell, U. S. N., commandant, Cavite Naval Sta tion. The report of the Legislation committee was accepted and ordered filed. A letter from the manager of Rosenstock’s Directory concerning space in the 192i Directory, was referred to the Pub licity committee for study and report. Opinion of General Counsel E. E. Selph relative to the possible application of cer tain clauses in the Federal Income Tax law of 1921, as presented by C. D. John ston, was ordered filed. Mr. Selph thinks that the repeal clause would not apply to taxes during the period of 1918-1919. Current bills for September were ap proved, subject to approval by the Finance committee. Tuesday, October 1(>, 1923. Present: Directors Elser, Feldstein, Gaches. Green, Hausserman, Heath, Mey er, Russell. Resolutions proposed by Associate Mem ber J. A. Stiver relative to petitioning Con gress to nullify the provision of law mak ing Americans ineligible to cabinet posi tions other than Secretary of Public In struction, were read. The Secretary was instructed to suggest a change of wording to more general form. Report of the Publicity committee re garding space in the 1924 Rosenstock Di rectory was accepted. A suggestion from John Hayden that an entertainment be arranged for the sail ers of the fleet upon their return to Ma nila in November, was discussed. The opi nion was that the men would not expect anything to be done along this line and would consider themselves as just coming home and glad to get back. The Secre tary was instructed to thank Mr. Hayden for his suggestion. Replying to the inquiry from the Sec retary relative to the possibility of assign ing an absolete vessel to naval reserve training here. Admiral Marvell said he believed the department had no intention of organizing a naval reserve here. A communication from A. M. Darley relative to a building site that might be purchased was laid before the Directors for further consideration at a subsequent meeting of the Board. Tuesday, October 23, 1923. Present: Directors Elser, Feldstein, Ga ches, Green, Haussermann, Heath, Meyer, Russel). The Secretary reported that he had pre pared a letter to the Hon. J. Mayhew Wain wright, member of Congress, as a sub stitute for the resolutions introduced by Mr. Stiver for discussion. Copies of the letter were distributed to the Directors for study. The Secretary was instructed to take up personally and by letter with the Mayor of Manila the fact that certain portions of the old bridge of Spain are still standing and seriously interfering with river traf fic. The Secretary was instructed to inform A. M. Darley that his proposal for a build ing site could not be taken up now. The Secretary was authorized to serve on the board of directors of the Seamen’s Institute. Mr. Williamson of the Institute was granted permission to make his tem porary headquarters in the office of the Secretary. The Secretary was authorized to make enlargements of five provincial views for framing purposes. The Directors were informed that D. L. Cochran, of Atkins, Kroll and Company, has been appointed Manila representative of the Zamboanga Chamber of Commerce, and that Mr. Underwood, Washington re presentative of the Seattle Chamber of Commerce, also represents the Associated American Chambers cf Commerce of China. SHOE REPAIRS (SAME DAY OR WHILE YOU WAIT) Heels.__________ Half Soles_____ Full Soles _____ Cuban Heel (Com plete) ............... Cuban Heel Top Shoes called for MEN WOMEN CHILDREN P1.00 F1.00 P1.00 2.00 1.80 1.00 3.00 2.80 2.00 2.00 .50 and delivered in Manila without extra charge. Prompt attention to Parcel Post orders. Best materials, skilled workmanship and sat isfactory service guaranteed. PHILIPPINE SHOE MANUFACTURING COMPANY Phone 817. P. O. Box 237 654-656 Rizal Avenue. Manila November, 1923 THE AMERICAN CHAMBER OF COMMERCE JOURNAL 23 INTERNATIONAL BANKING CORPORATION PAID-UP CAPITAL & SURPLUS_____U. S. $10,000,000.00 (Owned by The National City Bank of New York) HEAD OFFICE: 60 WALL ST., NEW YORK London Office: 36 Bishopsgate, E. C. Lyons Office: 27 Place Tolozan San Francisco Office: 232 Montgomery St. BRANCHES: CHINA: Canton, Dairen, Hankow, Harbin, Hongkong, Peking, Shanghai, Tientsin DOMINICAN REPUBLIC: Barahona, Puer to Plata, San Pedro de Macoris, Sanchez, Santiago, Santo Domingo, San Francisco de Macoris, La Vega. FRANCE: Lyons INDIA: Bombay, Calcutta, Rangoon JAPAN : Kobe, Tokyo, Yokohama JAVA: Batavia, Sourabaya PANAMA: Colon, Panama PHILIPPINE ISLANDS: Cebu, Manila SPAIN: Barcelona, Madrid STRAITS SETTLEMENTS: Singapore BRANCHES OF THE NATIONAL CITY BANK OF NEW YORK ARGENTINA: Buenos Aires, Rosario BELGIUM1 Antwerp, Brussels BRAZIL: Pernambuco, Rio de Janeiro, San tos, Sao Paulo CHILE: Santiago, Valparaiso CUBA: Havana and 22 branches ENGLAND: London. City Branch, West End Branch FRANCE: Pans ITALY: Genoa PERU: Lima PORTO RICO: Ponce, San Juan RUSSIA: Moscow, Petrograd, Vladivostok (Temporarily closed) URUGUAY: Montevideo, Calle Rondeau (Montevideo) VENEZUELA: Caracas COMMERCIAL AND TRAVELERS’ LETTERS OF CREDIT ISSUED. BILLS OF EX CHANGE AND CABLE TRANSFERS BOUGHT AND SOLD. CURRENT ACCOUNTS OPENED AND FIXED DEPOSITS TAKEN ON RATES THAT MAY BE ASCERTAINED ON APPLICATION TO THE BANK. SPECIAL SAVINGS ACCOUNTS FOR DEPOSITS FROM-P-1.00 UPWARD, BEARING INTEREST AT 4% PER YEAR W. D. WHITTEMORE Manager, Manila Pacific Building, Corner of Calle Juan Luna and Muelle de la Industria 24 THE AMERICAN CHAMBER OF COMMERCE JOURNAL November, 1923 SHIPPING NOTES SHIPPING REVIEW J. T. Kinney, Manila Agent, Struthers and Barry The Commissaire Pierre Lecocq, the first cf the Compagnie de Messageries Mari times steamers, arrived at this port during the past week. This introduces a new European service which according to pres ent plans is to be a regular monthly ser vice to Europe. During the past month advices have been received that cargo may again be accepted for discharge at the port of Yokohama, handling from 500 to 800 tons per day for discharge into lighters, but that sheltered storage space is very limited. The situa tion is improving gradually, which shows that the port of Yokohama is soon to be back to normal conditions as far as 'hip ping is concerned. This applies particu larly to inward cargo. United Staler Shipping Boprd Commis sioner Meyer Lissner, after concluding a three-day confeience with the representa tives of the Pacific Mail Steamship Com pany and the Admiral Oriental Line, ex presses confidence that the sale of the trans-Pacific passenger lines will soon be announced. Negotiations have been resum ed at Washigton with Gale H. Carter, pre sident of the Pacific Mail Steamship Com pany, and Robert Stanley Dollar, president of the Admiral Oriental Line, both com panies, it is reported, having agreed to the requirements of the Board for the contin uance of service over a period of years. Gale H. Carter, vice-president cf the American Steamship Owners’ Association and president of the Pacific Mail Steamship Company, declares that all businessmen agree that the Government cannot conduct a commercial enterprise as efficiently as private citizens skilled in the business. This statment was made at a conference between the Steamship Owners’ Association and the Shipping Board. Said a skipper of a steamer to his crew, “in tho old days a sailor came on board with a sea bag and a marlinespike; nowa days they come on board with a kodak and a ukelele.” During the first five months of 1923 foot wear other than rubber manufactured in the United States totalled 159,564,670 pairs, an increase of 20.8 per cent, over the cor responding period in 1922. The Hongkong colonial government has under consideration plans for enlarging and improving the harbor of Hongkong, including the reclamation of 48 acres of land and the construction of six jetties. The estimated cost of the work is approx imately £1,260,000. The Robert Dollar Company will open its new office at Baltimore with G. S. I-Iykins, assistant manager of the New York office of the company, in charge. The Ancient Mariner rises to remark that the cnly jag a steamship man can have nowadays is a jag of lumber. There comes a time in every steamship man’s life when he wonders why he did not become a softshoe dancer, a jazz orHONGKONG TO SAN FRANCISCO NORTH AMERICAN LINE I.c I.cave San FranSteamf.r Hontkonz Shanghai cisco “Siberia Maru” Nov. 28 Dec. 1 Dec. 27 “Talyo Maru” Dec. 13 Dec. 16 Jan. 9 MANILA TO SAN FRANCISCO (Via Kcelung and Shanghai) "Shinyo Mani’-’ “Tcnyo Maru” ' ‘Korea Mani’ ’ First class tickets Interchangeable at all ports of call with Pacific Mall, Canadian Pacific and Admiral Llneu SOUTH AMERICAN LINE i.r Toyo Kisen Kaisha Chaco Bldg. Phone 2075 November, 1923 THE AMERICAN CHAMBER OF COMMERCE JOURNAL 25 chestra leader or iome ether non-eesential professional whom fame and fortune al ways welcome. The Dilworth, tank steamer operated by Struthers & Barry which sailed from Ma nila on July 30, lest two propeller blades enroute to San Francisco and thereafter encountered a typhoon on August 6 with wind velocity of 110 miles, weathered the typhoon undamaged. More recent advices indicate that follow ing the rejection by the Shipping Board of the plans advanced by the United States Ship Operators’ Association and the Amer ican Steamship Owners’ Association, the latter seem to be content largely to let their case rest and to concenrate on a cam paign in Congress next winter for legisla tive relief from various handicaps. Pri vate ship interests have gone on record before the public in opposition to the systepi of government operation and cannot be charged with responsibility for what ever results become apparent. Captain Robert Dollar confirms eastern dispatches that his company has bought seven 502 liners—the President Hayes, President Harrison, President Adams, President Garfield, President Munroe, Pres ident Polk and President Van. Buren, for a fortnightly round-the-world passenger and freight service from San Francisco, constituting the greatest expansion of pri vately owned American shipping since the war. No one knows what will be done with Government shipping problems, possibly excepting President Coolidge, who has not committed himself. Such was the state ment made by Fred M. Barry, of Struthers & Barry, on his return to San Francisco recently frem a tour of the eastern part of the United States. Mr. Barry also stated that the eastern shipping lines were completely at sea as to what developments to expect. Persistent but unconfirmed reports are in circulation that the Admiral Line is arranging to purchase the former China Mail liner Nanking through the bondhold ers and creditors. The presence in New York of Herman Bultmann, financial director of the North German Lloyd, and Wilhelm Cuno, former managing director of the Hamburg-Amer ican Line, has aroused a rumor that, a German-American shipping pool is contem plated. These two companies have work ing agreements with the United States Lines and the United American Lines, respectipely. The steel twin-screw steamer Cuba, own ed and operated by the Pacific Mail, which ran ashore in dense fog near San Miguel Island, Sta. Barbara channel, on Septem ber 8, is a total loss, all hopes of salvage having been abandoned. The steamer is pounding to pieces on the rocks, according to reports. The value of the Shipping Board fleet is estimated at $220,733,315 by experts. That looks like the first reasonable estimate we have ever heard from the Government. You can never base your anticipations of pleasure on a steamer trip upon the amount of serpentine and confetti thrown over the rail when a ship i« departing. It has been reported during the month that the Java-Pacific Liin have temporarily withdrawn their operations on the Pacific. “DOLLAR LINE” REGULAR SERVICE Boston and New York via Suez San Francisco, Seattle and Vancouver THE ROBERT DOLLAR CO. 406 Chaco Building Telephone 2094 MANILA SEATTLE VIA HONGKONG - SHANGHAI - KOBE - YOKOHAMA PRESIDENT MADISON ... PRESIDENT McKINLEY....................... PRESIDENT JACKSON ....................... PRESIDENT JEFFERSON PRESIDENT GRANT............................ Leaves Arrives Manila Seattle Nov. 14 Nov. 26 Dec. 8 Dec. 20 Jan. Dec. 7 Dec. 19 Dec. 31 Jan. 12 Jan. 24 ONLY TWO-DAY sfoP AT HONGKONG TWENTY-THREE DAYS MANILA TO SEATTLE OPERATED FOR ACCOUNT OF U. S. SHIPPING BOARD BY ADMIRAL ORIENTAL LINE MANAGING AGENTS PHONE 2440 24 DAVID Luzon Stevedoring Co., Inc. Lightering, Marine Contractors, Towboats, Launches, Waterboats, Shipbuilders and Provisions. SIMMIE <& GRILK Phone 30 Port Area 26 THE AMERICAN CHAMBER OF COMMERCE JOURNAL November, 1923 STATISTICAL REVIEW 1 s S:SS 1’26,238 P26.238 2,190 2,190 1’3,077,427 1.103,556 24,711 ’»5 6,642 1S’ 3,764 6.458, 11,090 3,329,101 1,676,224 6,589.912 1,815,391 4.611,329 2,865,581 November, 1923 THE AMERICAN CHAMBER OF COMMERCE JOURNAL 27 THE AMERICAN CHAMBER OF COMMERCE JOURNAL November, 1923 BUSINESS AND PROFESSIONAL DIRECTORY B. A. GREEN REAL ESTATE 1 Improved and Unimproved City, i Suburban and Provincial | Properties J Expert valuation, appraisement | and reports on real estate Telephone 507 Cable^Address: “BAG’ Manila 34 Escolta Manila Philippine Islands Philippines Cold Stores I Wholesale and Retail Dealers i in American and Australian Re- I frigerated Produce. | j STORES AND OFFICES CALLE ECHAGUE. MANILA. P. I. j Derham Building PhoAe 1819 Manila P. O. Box 2103 Morton & Ericksen Surveyors AMERICAN BUREAU OF SHIPPING MARINE AND CARGO SURVEYORS SWORN MEASURERS Cable Address: Telephone 1921 TOURVANT,’’ Manila 1>. O. Box 2106 C. B. STURTEVANT PUBLIC CARGO, CHECKER HANSON & ORTH BUYERS AND EXPORTERS of Hemp and Other Fibers 301-305 Pacific Bldg. Telephone 1840 W. W. LARKIN Member American Institute of Accountants Cable Address—“Clarlar.” Masonic Temple, Manila. Cable Address: BAILEY, Manila The Bailey Stevedoring Co , Inc. Stevedores Compradores and Salvage Contractors Phone 146 DERIIAM BUILDING P. (). Box 517 Water Front, Aduuna Purchasing and Selling Agents The Service Agency P. O. Box 2106 Manila, P. I. ; 1 Information furnished on Philippine Minor Products, raw or manufactured. Correspondence invited. (Cable Address' (Codes) "TOURVANT" BENTLEY'S Telephone 1669 P. O. Box 1431 Hashim-Franklin Car Co. Hashim Bldg. 883-885 Rizal Ave. AUTOMOBILE ACCESSORIES, SUPPLIES AND REPAIRS MADRIGAL & CO. 113-121 Muelle de Binondo, Manila COAL CONTRACTORS COCONUT OIL MANUFACTURERS MILL LOCATED AT CEBU Macleod & Company, Inc. Manila Cebu Vigan Davao Iloilo Exporters of Hemp and Maguey Agents for International Harvester Co. Agricultural Machinery Hours: 9-12, 3-6 Tel. 557 A. M. LOUIS X-RAY LABORATORY 305 Roxas Bldg., Manila, P. I. Escolta, Corner Calle David I I JULIUS MARGEL1N | | WATCHMAKER & JEWELER I Gregorio M. Cansi pit CUSTOMS BROKER ; 3 Plaza Cervantes I Room 5 Phone 803 P. (). Box 1009 GEO. GERLACH Marine Surveyor and Consulting Engineer Offices : 76 Escolta and Telephone 2322 No. 7 Calle Soda MANILA The American Chamber of Commerce Journal Is a businessman’s paper representing the American in the Philippines F6.00 per year *+++++++++ k + HEALTHY, HAPPY PEOPLE are usually industrious and productive. Their wants in crease with education and their ability to satisfy those wants also increase. All this means an increase of business in general, therefore, aside from any humanitarian motives, business men should be 100 behind the Red Cross in its efforts to improve the health and happiness of the people. + + ♦ + SOUNDS SELFISH, BUT REALLY IT IS’NT. ROLL CALL NOVEMBER 11TH TO NOVEMBER 23RD + THE RED CROSS PHILIPPINES CHAPTER^ + ++++++++++ OUR CIGARS WILL BRING ANY SMOKER REAL XMAS CHEER LET US HELP YOU IN SOLVING YOUR XMAS GIFT PROBLEM Mail Your Xmas Package NOAV Nothing will please your smoker friend at home better than a box or two of best Manila Cigars Leave the red tape to us! Just give us the name and address and we will attend to the pack ing, registering, mailing, etc. Come in and we will help you in your selections, mailing them in reason able time. SHOP AND SEND NOW. Expendio Tabacalera cTWIRA PEREZ, Agents up and 57 Escolta Phone No. 10 “Just any tire” will not produce mileage but firestone does The careful, discriminating tire purchaser who understands that he is buying miles, not rubber, turns to FIRESTONE TIRES, because FIRESTONE TIRES GIVE MOST MILES PER PESO “Just any tire" will not give mileage, but Firestone does. Fire stone tires are manufactured with special methods and extra refine ments, all of which are designed to give YOU most tire value for the money you spend - most miles per peso. Examine carefully into our record of Firestone performances, and you will be assured that with Firestone Tires, you will get mileage returns far beyond the ordinary. In addition, you will be assured of remarkable resilience and road grip, tending toward greater economy, comfort and safety. BUY FIRESTONE TIRES —AND LEARN HOW GOOD A TIRE CAN BE Automotive Section Pacific Commercial Company 101-107 Echague