The American Chamber of Commerce Journal

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Part of The American Chamber of Commerce Journal

Title: The American Chamber of Commerce Journal
Issue Date: Volume XIII (Issue No. 11) November 1933
Year: 1933
Language: English
Rights
extracted text: rt.UV i ci .V1XMLA, r. 1. November 1933 Cigars that emphasize your greeting These prices include all mailing charges to U. S. or Hawaii. TAEACALEEA Cigars Per Box Salomones....................................... 5 Pigtails................................. 10 Vegueros Especiales 25 Vegueros Finos............................. 25 Favoritos J. Dotres 25 Coronas . . 25 . Coronas........................................... 50 Especiales Expendio..................... 25 . Especiales Gral. Las Heras.......... 25 Media Corona................... 25 Especiales Tabacalera................. 25 . Best Presidentes........................... 50 Regalia A. Lopez......................... 50 Cremas Finas................................. 50. . Christmas Box, 5 shapes........... 25 . . Londres 100 Price Per Box P6.10 6.10 9.50 Tobacco properly cultivated in Isabela’s fertile val ley; mature leaves carefully selected, *cured and aged to bring out their finest qualities—this is 7.00 what TABACALERA deems gifts worth giving to 5.75 5.75 those who are to be remembered gifts tha<^n11.00 4.95 phasize your Holiday Greetings. 4.60 At the left is a list of suggestions for your con 4.25 venience. All cigars are packed in decorated paper 3.50 appropriate for tile Season. Orders may be left at 5.25 4.75 CRYSTAL ARCADE, ESCOLTA 4.30 4.30 7.50 Tabacalera Cigar Store You’re Not As Young As You Were YOU old-timers are not as keen about step ping under that cold morning shower as you used to be. That means that your system wont stand it any longer. Forcing yourself to do it may have just the opposite of the effect that you desire. There are many years of service in your system yet but the system needs a little more careful attention to details. HOT baths are one of these at least take the chill off the bath with warm water. Order one of the GAS Water Heaters mentioned on the right and give your self a break for better health. Let Us Install A Modern, Efficient “PICCOLO” GAS WATER HEATER HOT water instantly at any minute of the day or night and at a cost that is surprisingly low. Come in and see them. 00 MANILA GAS CORPORATION IN RESPONDING TO ADVERTISEMENTS PLEASE MENTION THE AMERICAN CHAMBER OF COMMERCE JOURN. November, 1933 THE AMERICAN CHAMBER OF COMMERCE JOURNAL 1 He Always Picks a Winner =p=-|OoF0R YOUR r 1 OLD IRON/ as “turn-in” allowance on this new the horse he rides during the game— and the drink he calls for after the game— &ati Miguel $ale Pilsen brewed by San Miguel Brewery Dee C. Chuan & Sons, Inc. I Office and Yards | 18-30 Soler, Manila, P. I. | 14-88-26 PHONES P.O. Box 474 i |4-96-83 I Manufacturers and Wholesale and Retail Dealers in All Kinds of Philippine Lumber i Large Stocks Always on Hand Mouldings, Balusters, Scrolls, Customs Sawing and All Classes of MILL WORKS BRANCH: 782-788 Juan Luna Street Phone 4-87-36 Managing Agents Philippine Lumber Manufacturing Company Sawmills at Catabangan, Camarines Sur. time get something P6.00 without old iron (No terms allowed) Iron and at the same out of your old one. The price is P6.00 cash. But during November we will allow Pl.00 for your old iron regard less of its condition, and you can get one of these guaranteed HOTPOINTS for only P5.00. Features Heel Stand. Nickel Finish. Black lacquered wood handle. Convenient Thumb rest. Button Nook. Complete with Cord and Plug. Plugs into any light socket. Weight: 6 lbs. On the low step of our new residential rate you can use an Electric Iron 2 hours for only P0.05. Order your Iron today from any Company employee or from our Store Manila Electric Company Corner Telephone Escolta and David 2-19-11 IN RESPONDING TO ADVERTISEMENTS PLEASE MENTION THE AMERICAN CHAMBER OF COMMERCE JOURNAL 2 THE AMERICAN CHAMBER OF COMMERCE JOURNAL November, 1933 Remember the Folks at Home! NOTE:—To permit early arrival orders should reach us not later than November 18th $ ALHAMBRA f CIGAR & CIGARETTE MFG. CO. <§> 31 Tayuman PRICES ALL CHARGES PREPAID TO THE U. S. BRAND STANDARD PACKING BOITE NATURE Price Per Box of Price Per Box of Bellezas. F4.40 50 P4.60 50 Bellezas.. . 8.60 100 9o.00 100 Blue Ribbon. 6.90 25 12.80 50 Coronas. 5.40 25 9.90 50 Especiales.............. 4.20 25 7.50 50 F xcelentes. 5.20 25 9.40 50 Gold Ribbon . 3.70 25 6.90 50 Half-A-Corona . 4.20 25 7.50 50 Presidentes.............. 9.70 100 Red Ribbon 5.30 25 9.70 sy We can include your personal card in the boxes ALHAMBRA CIGARS are greatly appreciated as CHRISTMAS PRESENTS Place your order with ♦ KUENZLE & STREIFF, INC. ♦ ALHAMBRA CIGAR STORE 343 T. Pinpin <§> 25 Escolta WARNER, BARNES & COMPANY, LTD. London Manila • Iloilo • Cebu • Bacolod NEW YORK AGENTS Ledward, Bibby & Co. 106 Wall Street IMPORTERS AND EXPORTERS Shipping Department Agents for: Nippon Yusen Kaisha Cunard Line White Star Line Bibby Line Insurance Department Machinery Department Transacting: Sugar Machinery, Diesel Engines, Condensing Plants, Fire Shipbuilders and Engineers. Autoniobile Agricultural Department Workmen’s AU Classes of Fertilizer M^cdlaneoVs0" Import Department Insurance Sperry Flour Co. & Sugar Bags Cable Address: “Warner,” Standard Codes Manila Office: Perez-Samanillo Building Escolta IN RESPONDING TO ADVERTISEMENTS PLEASE MENTION THE AMERICAN CHAMBER OF COMMERCE JOURNAL Single Copies: 35 Centavos Taxing Liquor: A Steady Revenue in All Times Such taxes are little affected by hard or good times in the Islands, and how will the United States find them? While there is a demonstrable appetite seeking satisfaction, in America’s return to licensed liquor, there is more of method • in the movement than mere conviviality—many vote wet because they want the United States to have once more the steady and enormous federal, state and city revenue liquor pays when legally trafficked in. This practical subject has been treated in such dignified publications as the Index, Chase National’s monthly review, and the Literary Digest. The Index guesses conservatively that liquor will yield at least $250,000,000 a year in federal revenue and will service the outlay for public works. It places total taxes from liquor between this sum and a billion. This shows how much in the dark America is as she makes the plunge. But counting back, the Index is able to say accurately that prohibition deprived the federal revenue of $6,250,000,000 from 1919 to now, “a sum greater than the federal deficit, more than half the amount of the war debts, more than half of the bonded indebtedness of the railroads of the United States, three-fourths as great as the total amount of farm mortgages.” No state of the United States, and of course no other terri tory, was as lucky under the 18th amendment as the Phil ippines were. The amendment indeed applied to the islands, but the enforcement act did not. In effect, therefore, the amendment was a nullity here; no federal statute applies to the Philippines unless the islands are embraced in it by specific mention, and this mention was not in the enforcement act. Ships bringing liquor to the islands were unable to get con sular bills of health, the state department adhering to the amendment, and so, lacking these papers, the ships were subject to nominal fines when they reached the islands that added a bit to the insular revenue and the cost of imported liquors. That seems to have been the extent of the inconvenience suffered, and throughout the period of aridity prime Scotch retailed in Manila at 25 cents to 30 cents a drink, and cocktails at clubs were about a quarter apiece. Public revenue from liquor kept a dependable level. Witness data from 1929 to 1932 inclusive. In 1931 total liquor taxes were 1*5,343,579, and P4,228,652 in 1932, a drop of Pl, 114,927 or about 20-4/5%. Total internal revenue in 1931 was P50,086,914, and P47,130,598 in 1932, a drop of P2,956,316 or about 6%. This indicates how much normal profit traffickers in beverages contributed to the hard times, how readily men measured their cups with an eye to their cost. The levies upon liquor and those upon dealers may be compared with interest. Inspired with hope, dealers generally paid their license taxes and persisted in trade despite the curtailed volume of it. It would seem that normally in the Philippines liquor taxes are about 11% of the total revenue, and at the lowest they are 9%. In western countries they run about 15%, reaching 20% in the United Kingdom, and in Australia last year they were 18.8%. The Philippines use alcoholic beverages very sparingly. The fact that liquor is easily procurable everywhere in the islands, and that native drinks are both good and cheap, 4 THE AMERICAN CHAMBER OF COMMERCE JOURNAL November, 1933 may be said to vary the old proverb to this: You can tempt men with alcohol but you can’t make them drink. Fili pinos who over-indulge in drinking are rare. The people have the natural feeling that their climate and loose drinking don’t harmonize, that for their slight bodies a very little alcoholic indulgence is enough. It is likewise loss of face in an unforgivable way to exhibit effects of drinking, hence very few do so; and if they feel drunkenness overtaking them they go straightway home and conceal their shame from their neighbors. It is written into the chronicles, too, that anciently Filipinos drank very freely, especially at all gatherings such as wedding and funeral ceremonies, but that they were influenced by the friars to become abstemious, and that they resented the gov ernment’s monopolization of the sale of beverages and the taxes laid upon the industry—so between religious influence and stubbornness about taxes they reformed themselves. Many secular writers fail to substantiate these assertions, and the probability is that Filipinos have always been what they now are, light drinkers and no more. Witness: Per capita consumption of distilled spirits in the Phil ippines during 1932 was 0.72 liters; in the United States in 1917 (a normal year prior to prohibition) it was 7.30 liters. Per capita consumption of wines in the Philippines during 1932 was 0.12 liters; in the United States in 1917 it was 1.87 liters. Per capita consumption of malt liquors in the Philippines dur ing 1932 was 0.32 liters (incidentally, just what it had been dur ing 1931); in the United States in 1917 it was 82.06 liters. Per capita consumption of distilled spirits, wines and malt liquors in the Philippines during 1932 was 1.16 liters; in the United States in 1917 it was 91.20 liters. Duringoprohibition there was a marked diminution of consumption of malt liquors, beers, in the United States; on the other hand, many esti mates allow an increase of consumption of hard liquors, distilled spirits that with a return to a wet status will yi&ld very high revenue. The old tax of $1.10 a gallon will of course not stand? Congress will make it higher; and, unlike the Philippines, where provinces have no part in the matter, each state will effect its own regulations and those that wish to remain dry will proceed to do so. But the federal provisions will be uniform and liquor will probably pay 15% of thereabout of the federal taxes. When the Philippines Exported Much Rice By Robert MacMicking: 1851 Introductory. During 1849 and 1850, Robert MacMicking was the Manila manager for Ker & Co., then as now important exporters and im porters in the Philippines, head offices at Glas gow, and now grown to be the oldest commercial company in the islands. Voyaging back to Eng land, via Singapore and the cape, MacMicking wrote a delightful book about the Philippines from which the Journal has decided to republish the chapter on agriculture and commerce as necessa rily of particular interest to its readers. Parts of the chapter pertaining to each particular crop will be published separately, rice will be followed by sugar, and sugar by Manila hemp. In each case the author covers the method by which the crop was then produced in the islands together with the commercial practices through which it was sold. The book is now rare. It was published in London in 1851.—W. R. MANILA AND THE PHILIPPINES CHAPTER XXXIII It is not my intention, even were it in my power, which it is not, to attempt an exact and complete description of all the productions of the group of islands composing the Philippines, to whicn nature has with no niggardly hand dis pensed great territorial and maritime wealth. And as the limits of this work prevent much expansion, I will confine the following observa tions to an outline of the principal articles pro duced in the country, beginning the catalogue with the most important of them all, namely, rice. The cultivation of paddy, or rice, here, as all over Asia, exercises by far the greatest amount of agricultural labour, being their most extensive article of cultivation, as it forms the usual food of the people, and is, as the Spaniards truly call it, El pan de los Indios; a good or bad crop of it, influencing them jbst as much as potatoes do the Irish, or as the wheat crops do in bread consuming countries. In September and October, when, in conse quence of the heavy previous rains since the beginning of the wet season, the parched land is so buried as generally about that time to pre sent the appearance of one vast marsh, it is ploughed lightly, after which the husbandman transplants the grain from the nurseries in which he had previously deposited it, in order to un dergo there the first stages of vegetation. In December, or in January, the grain is ready for the sickle, and in general repays his cares and labour by the most abundant harvest. There is no culture more easy and simple; nor any which gives such positive good results in less time, as only four months pass between the times of sowing and reaping the rice crop. In some places the mode of reaping differs from the customs of others. At some places they merely cut the ears from off the stalks, which are allowed to remain on the fields to decay, and fertilize the soil as a manure; and in other prov inces the straw is all reaped, and bound in the same way as wheat is at home, being then piled up in ricks and stacks to dry in the sun, after which the grain is separated by the treading of ponies, the horses of the country, upon it, or by other means, when the grain is again cleared of another outer husk, by being thrown into a mortar, generally formed out of the trunk of some large tree, where the men, women, and children of the farm are occupied in pounding it with a heavy wooden pestle, which removes the husk, but leaves the grain still covered by a delicate skin. When in this state it is known as pinagua; but after that is taken off, the rice is clean. For blowing away the chaff from the grain, they employ an implement worked by a handle and a wheel in a box, which is very similar to the old-fashioned fanners used in Scotland by the smaller farmers for the same purpose. In the neighbourhood of Manila, there is a steam-mill for the purpose of cleaning rice; and there are several machines worked by horse power throughout the country. But although there are many facilities for the employment of water-power for the same purpose, I am not ac quainted with any mill movea on that principle. The qualities of rice produced in the different provinces, varies a good deal in quality. That of Ilocos is the heaviest, a cavan of it weighing about 140 lbs. English, while Camarines rice weighs only about 132 lbs., and some of the other provinces not over 126 lbs. per cavan. Although in all the provinces rice is grown to a considerable extent, yet those which produce it best, and in greatest abundance, and form what may be called granaries for the others, which are not so suitable for that cultivation, may be considered to be Ilocos, Pangasinan, Bulacan, Capiz, Camarines, and Antique. It is best to ship rice in dry weather; and should it be destined for Europe, or any other distant market, it should leave Dy the fair mon soon, in order that the voyage may be as short as possible, to ensure which, all orders for rice purchases for the European markets should reach Manila in December or January, as the new crop just begins to arrive about the end of that month. It takes about a month to clean a cargo at the steam-mill, and after March, the fair monsoon for homeward-bound ships cannot much be de pended upon; and were trie vessel to make a long passage, the cargo would probably be excessively damaged by weevils, by which it is very fre quently attacked. Ilocos rice is considered to be the best for a long voyage, as it keeps better than that grown in other provinces. The price of white rice is rarely below two dollars per picul, or above two and a half dollars per picul, bagged and ready for shipment. A hundred cavans of ordinary province rice will usually produce 85 per cent of clean white, and about 10 per cent of broken rice, which can be sold at about half the price of the ordinary quality: the remaining 5 per cent is wasted in cleaning. Rice exported by a Spanish ship, goes free; but if exported by any foreign ship, even when it is sent to a Spanish colony, it pays 3J/£ per cent export duty, and when sent to a foreign country by a foreign ship, it pays an export duty of 4 per cent. In order to be more ex plicit, it may be well to give a pro forma invoice This is about equal to its price if purchased and cleaned in another manner; for instance:— or equal to $2 ready for shipm Robert MacMicking’s vivid description of the Philippine sugar industry in 1850 will appear in December. His book is a gift to the editor of the Journal from Percy A. Hill. November, 1933 THE AMERICAN CHAMBER OF COMMERCE JOURNAL 5 Murphy's Men Appointed by President Roosevelt Rule of experience followed, and triumph registered against secret extra pay Early this month President Roosevelt made his Philippine appointments: Joseph R. Hayden, vice governor; J. Weldon Jones, insular auditor; Judge Leonard^. Goddard of the Manila court p^rst instance, and Judge Anacleto Diaz of the same court, associate justices of the Philip pine supreme court. These appointments, gen erally speaking, gratify public opinion in the Philippines. Without exception they respond to accords reached with Governor Genera! Frank Murphy before they were decided upon or an nounced; they are all nonpartisan appointment >and the real choice was made at Malacartan. One explanation of the loyalty Roosevelt commands in the public service may be his own loyalty to his own men in whom direct re sponsibility rests. Raymond Moley was an old and explicitly trusted confidant of the president’s, but when he got out of step with Hull at Ijondon he was promptly cashiered; Hull was the man shouldering responsibility in the state depart ment, and Hull was backed while Moley was sacked. No less, in the new Philippine ap pointments, prompt and full presidential sup port of Governor Murphy is manifest. President Roosevelt is an executive his lieute nants, in whom he rests personal confidence, can reach directly at all times; and while they retain his confidence they have their way, a fact that places uniquely Murphy’s position as gov ernor of these islands. Associate Justice Goddards career in the Philippines has been the subject of review in this magazine on an earlier occasion. He came to the Islands as a soldier. His practice before the bar was in the Bicol region, his home at Legaspi. He was born in Indiana, September 27, 1S71. Appointed a trial judge in Manila two Free Press Photo Hon. Leonard S. Goddard, new associate justice of our higher court. Free Press Photo Hon. Joseph R. Hayden, vice governor of the Philippines. years ago, from active practice at Legaspi, he has been chiefly occupied ever since in the very exacting trial of the Cu Un Jieng case and will therefore not be able to participate in decision of any appeals rising to the higher court from that trial, perhaps more notorious for the huge sum of money involved than for really delicate points of law. The grist of briefs reaching the supreme court, 4 out of 5 of them still in Spanish, will be familiar ground for Justice Goddard. Equally so for Justice Anacleto Diaz. Justice Diaz was born in La Union, November 20, 1878, and fails of looking his age. His course to the honors of the higher bench was the usual one, lawyer to prosecuting attorney, to the trial court and now the supreme court by dint of consistent, able and unexceptionable service all along the line. As a one-man jury probing the city govern ment, two years ago, he revealed a feeling of justice balancing his sense of it. The probe effected minor betterments, but fell short of what it might have done because proofs required could not be extracted from recalcitrant wit nesses. Diaz wrote a competent report. Vice Governor Joseph R. Hayden is a political scientist and has held a professorship of that subject in the University of Michigan. On two occasions he has been an exchange professor at the University of the Philippines, occasions of opportunity for him to study the islands and contribute to the periodical press timely com ment about them—also to delve into Worcester and get out, three years ago, an annotated edition of The Philippines Past and Present with a keen interpretation of Dean C. Wor cester’s character and work in the islands. Hay den’s appointment has gratified the university (is he slated for the presidency there, with Dr. Rafael Palma resigning?), where he will be ex officio chairman of the regents. A man rated a Republican, Hayden was for Roosevelt in 1932. Politics probably played no part in his appointment. As vice governor of the islands he will require no breaking-in. During the interim since the resignation of General Creed C. Hammond as insular auditor last spring, Deputy Auditor Hernandez seems competently to have discharged the auditor’s duties. The situation was so satisfactory that Governor Murphy had time in which to win a vital point in his fight to quash the practice of paying important officers of the government from two or more sources, the public generally being aware only of the source fixed in the law. Thus a pay of at least P24,000 a year was made up for General Hammond, and for his predecessor Ben F. Wright, but Insular Auditor J. W. Jonas is to have only the pay fixed for the office in the Jones law, P12,000 a year. Auditor Jones comes to Manila from a profes sorship of economics at Ohio State university. In the University of Texas Associate Justice George C. Butte of the supreme court remem bers him as one of his students and speaks highly of him. He is 37 years old. Versed in law and accounting, his qualifications should be ade quate. Among the four appointments, his is probably not least in merit. The fact that he knows what his pay is to be and doesn’t clamor that it be more, witnesses the possibility that the period of come-get-go in the posts the president distributes in the Philippines may have passed. Such is to be hoped. —W. R. Free Press Photo Hon. Anacleto Diaz, new associate justice of our higher court. 6 THE AMERICAN CHAMBER OF COMMERCE JOURNAL November, 1933 Enter the Agrobiologist This is the first of a series of articles by Henry Kittredge Norton, co-author of “Investing in Wages.” It will treat of the findings of the agrobiologists, which indicate the coming of a scientific revo lution in our farming establishment. production indicate that as an example. Between The farmers of this country have little room for complaints on the ground that the Government has not tried to help them. The Farm Board under the Hoover r6gime made a number of valiant and expensive efforts to alleviate their sufferings, even though it did little more than demonstrate that its methods were not adequate to solve the problem. The present Administration is making heroic endeavors to assist the agricultural population by artificially raising the price of the principal farm products and charging the difference to the rest of the country. It has done more: it has introduced a note of humor into the proceedings. It has appropriated many millions of dollars to increase farm prices and to find additional markets for farm produce, even going to the length of paying the farmers to plow under substantial portions of’ their crops. Then, having extended itself in this direction, it has become active along other lines. It has appropriated more millions of dollars to finance a “ back-to-the-land move ment.” Thousands of the unemployed in the cities are to be given plots of ground and enabled to raise their own food-stuffs. This will, of course, further restrict the market for the farmers, and will logically require the plowing under of an additional section of their crops. But this is not all. In the eager search for available “public works” through which government money may be distributed to potential consumers, three projects have received executive approval. Two of these three are irrigation projects designed to make more land available for cultivation. Consistency thou art a jewel: but the Administration is apparently not interested in jewelry. If we may judge by the activities of the past five years, there lingers in the official mind the idea that the distress of the farmers is a purely temporary phenomenon which will pass with the Depression, and that in some dim, but rosier, future agricultural America will be able to dispose of its whole product at handsome prices—sufficiently handsome, it is hoped, to repay some part at least of the generous grants-inaid which it has received. There is considerable reason to doubt the validity of this assumption. The only basis for it would be that the only reason that the world cannot now buy the American surplus above what we need for our own consumption is because it is temporarily impoverished by the Depression. The figures of this may not be so. Take wheat 1900 and 1930 the world increased its production of wheat from 2,633 million bushels to 4,950 million bushels. It has fallen off some 200 million bushels in the last two years, but still remains at nearly double the 1900 figure. American produc tion has contributed to this development. It was 603 million bushels in 1900, and 858 million in 1930. Even more momentous have been the contributions of Ca nada, Argentina, Australia and Russia. The enormous increase in the yields of these compara tively new countries poses the By Henry Kittredge Norton From Al Smith’s Outlook very serious question as to whether the®American wheat farmer can continue to compete with them in the world market. The sentiment of the country is probably overwhelmingly in favor of reserving the domestic market for the American farmer. But how long will the public be willing to recQiwt the losses of the farmer incurred in attempting to compete in a world market where all the factors are against him? The situation with regard to other major crops is not unlike that of wheat. Our cotton production has increased from 10 million to 17 million bales in the last thirty years. Tobacco production has more than doubled. Oats have increased about 30 per cent and rye 50 per cent. Corn alone is produced in about the same volume as thirty years ago. , In short, on the present showing, it is time to give serious consideration to the question whether the future of Amer ican agriculture will not be restricted in a much greater degree than heretofore to supplying the domestic market, whether we must not reconcile ourselves to the prospect that other countries will increasingly fill their own requirements and such a “world market” as may be left be supplied by competitors whose cost of production will be well below ours. • Such a prospect demands a far different treatment of the agricultural problem than any which has yet been attempted. We cannot indefinitely maintain at public expense a food producing establishment with a capacity far in excess of its possible market. We shall be forced to recognize that agri culture is a relatively limited field of economic activity. People will not eat a great deal more than they do now no matter how great the production, nor how much the consumer buying power is raised. Manufacture and the service occupations are expandable almost without limit. The problem begins to take shape as a search for the means to transfer a large percentage of our farmers into other lines of activity. Sentimentalists may recoil in horror at the mere suggestion of removing farmers from the farms. Farming, they hasten to plead, is not only a means of gaining a livelihood, it is “a way of life” in which its devotees should be allowed to continue. Many of us who are not farmers, however, can think of “a way of life” we should like to pursue if the rest of the nation would only be kind enough to subsidize us therein. The migration from the farms to the cities has continued during all the later decades of our history regardless of “backto-the-land movements,” officially sponsored, or otherwise. This pressure away from the farms will continue in spite of the fact that a temporary cessation in the expansion of our industrial activity has set up a momentary backwash. • Sooner or later we shall have to meet the essential problem and find a means of absorbing in industry and the service occupations that portion of the population which constantly improving agricultural methods makes superfluous in agri culture. Wheat agaiD suggests the nature of the trend. In 1929, 1930 and 1931 the acreage planted to wheat was respectively 63, 61 and 55 million acres. The yield in the same years was 813,858 and 892 million bushels. It is easy to say this was due merely to weather conditions and need not be regarded seriously. The falling off in many of the principal crops this year, through the happy interposition of drought, grasshoppers and a prolonged hot spell, seemingly adds weight to this view. But it will be as well to look further into the situation and to note the entrance upon the scene of the agrobiologist before lightly dismissing the possibilities of increased yields on smaller acreages. November, 1933 THE AMERICAN CHAMBER OF COMMERCE JOURNAL T Our increasing technical specialization has evolved a new type of specialist known as an agrobiologist. He has made it his special business to study the possible and practicable yields of our principal agricultural plants and to forecast the course of our agricultural development. He has worked out the laws of plant growth to the point where he can say with a high degree of accuracy what the yield will be if properly selected seed is given the necessary amounts of fertilizer and an appro priate quantity of water. The question of suitable soil no longer bothers him. Soil, after all, is merely a vehicle by which certain chemicals and moisture are brought to the growing plant. When the world was young and fertilization was but little understood, rich virgin soil which would itself supply the necessary chemicals and climates where the rainfall was enough, without being Sxfo much, were invaluable assets to farmers. In an age of scientific fertilization and irrigation there is an ample sufficiency of suitable soil in appropriate climates to meet the require ments of the agrobiologist. One of the pioneers in this field, Dr. 0. W. Willcox, has collected the results of numerous studies on the theoretical possible yields of our principal crops. These he gives as follows: Kind of Crop Corn......................................................................... Wheat...................................................................... Rye........................................................................... Oats.......................................................................... Barley....................................................................... Potatoes................................................................... Cotton (lint)........................................................... Sugar Beets............................................................. Possible yield per aere 225 bu. 171 bu. 193 bu. ' 395 bu. 308 bu. 1330 bu. 4.6 bales 53 tons In 1930 we had 241 million acres devoted to these eight crops. With the yields given above we could have produced the same harvests on less than 20.6 million acres. “If”, says Dr. Willcox, “what was harvested on 241 million acres could really have been obtained from 20.6 million acres, then the overall efficiency coefficient of American agriculture as regards these crops in that year was 8U2 in a possible 100. That is to say, more than 9 out of 10 of these 241 million acres might have lain fallow. Not only that, since little more labor per acre is required to plant and tend a good crop than a poor one, when, if and as farmers achieve 100 per cent efficiency in their operations perhaps 80 per cent of the farm labor now busy in the United States might become superfluous. To such a small dimension may the march of progress eventually reduce the great American agricultural establishment. In sound theory it is not at all impossible to obtain 225-bu. corn crops, 4.6-bale cotton crops, etc., and without for the moment inquiring whether there may be a gap between what is theoretically possible and what is practically obtainable, it will be readily understood that since the consuming markets cannot even now comfortably absorb the produce of our present theoretically very inefficient agricultural establish ment, if this establishment should suddenly acquire even 50 per cent efficiency and attempt to market five times its present out put the farm problem would assume incalculable proportions.” This sounds a bit like technocracy applied to agriculture. Before we become unduly excited about it we shall want to know how much of this theoretical yield is practically possible. Indiana furnishes us some interesting light on the corn situation. That state has a Corn Growers Association which, under the supervision of Professor K. E. Beezon, of Purdue University, furnishes the details of experiments on tracts of not less than five acres. According to the reports of the association, in the four years 1928-1931, in which there was a marked variety in the rainfall, 472 members obtained more than 90 bushels per acre. Highest yield among these members was 156.2 bushels per acre. These demonstrations covered sixty-four of (he ninety-two counties of the state. And, given (he necessary fertilizer and control of the water supply by irrigation, there is reason to believe that the whole corn belt of Indiana could produce between 90 and 156 bushels of corn per acre per year. The significance of these figures will be appreciated when they are compared with the present average yield of twenty-six to thirty-five bushels per acre. If this average yield were raised to 150 bushels, Indiana alone would produce about a third as much corn as was produced in the whole of the United States in 1930. What would happen if the farmers of other states should likewise multiply their yields five or six times may readily be imagined. Indiana has not made the highest record in corn produc tion. The theoretical yield of 225 bushels per acre has actually been obtained. And numerous 200 bushel yields have been verified. Nor is corn the only crop where such records have been made. Actual crop yields have been verified by the agrobiologists as follows: Kind of Crop Corn.......................................... Actual Yield per acre 225 bu. Percentage of possible yield 100 Wheat........................................ 117 bu. 68.5 Rye............................................ 55 bu. 27.5 Oats........................................... 245 bu. 62 Barley........................................ 124 bu. 40.4 Potatoes..................................... . . . 1070 bu. 80 Cotton (lint)............................ 2.1 bales 43 Sugar (beets)........................... 35 tons 66 Sugar (cane)............................. 155 tons 94 Dr. Willcox’s comment on this situation is stimulating. “Given that corn can actually yield at 100 per cent of its theoretical ability, potatoes at 80, wheat at 68, sugar cane at 94, etc., and supposing that even master farmers could not succeed in approaching these visible maxima closer than 70 per cent, a little figuring will show that to produce all the corn, wheat, rye, oats, barley, potatoes, sugar and cotton normally produced in this country both for domestic consump tion and for export would require not more than 47 million acres of well fertilized, well watered and otherwise well managed lands: this acreage is about equal to the area of land now actually under the plow in the single State of Kansas.” Accepting these figures as correct, or even as sufficiently accurate to indicate the possibilities ahead of us, the next question is whether the farmers will increase their efficiency in anything like the degree indicated. This question almost answers itself. Competition will drive the farmers to a con tinued effort to reduce their costs and the surest way to reduce costs is to increase the yield per acre. No government subsidy for plowing under a part of their acreage will deter the farmers from attempting to increase the yield on their remaining acres. In fact the subsidy policy will furnish them with addi tional time and money to devote to this purpose. Since 1914, Indiana farmers have been increasing the maximum growth of corn at the rate of about two and a quarter bushels per acre per year. The bulk of this was during a period of strong demand and comparatively easy returns. At this rate they would reach the theoretical limit of 225 bushels in thirty years. Under the urge of depression, however, progress in agricultural efficiency will inevitably be more rapid and they may well reach the goal in 20 years or less. If the process is carried-to its logical conclusion, the surviving corn growers in Indiana will be those who can most easily produce 200 bushels of corn to the acre. These could raise the same amount of corn that is raised today on about oneseventh of the present acreage and in number they would only be about one-seventh of the present total of Indiana farmers, say 25,000 as against 181,000. This would mean that some 155,000 men who now gain their living by agriculture in Indiana alone would have to find some other means of livelihood. Applying the same ratio to the United States as a whole it would mean that about 2 million farmers could supply all of the foodstuffs and raw materials, the growing of which now furnishes occupa tion to some 12 million men. (Ptcoxc turn to next pige, col. 2) 8 THE AMERICAN CHAMBER OF COMMERCE JOURNAL November, 1933 Pioneers Club in Manila Uniquely Helpful The invincible volunteer and regular soldier “of the days of ’98” has made his last stand in Manila in a curious place called the Pioneers Club in a backstreet of the downtown district. In the absence of old soldiers’ homes in the is lands, this is the best he can do. One or two “Dewey” men, who were with the fleet in the Battle of Manila Bay, and hundreds of volunteers who helped with the occupation of Manila August 13, 1898, then garrisoned the city and took part in the drive against Aguinaldo under Lawton, Wheaton and MacArthur, are members. “We are only half-Americans now,” they say. “Because we are in the Philippines we only get half-pensions.” Most of the members, after the Philippines were pacified, did all their remarkable native ability allowed them to do in the tasks of the civil government that followed the military regime. They were linemen, they were small post masters in dangerous points in the provinces, they were foremen in the building of roads and bridges. Not for a full enlistment only, but perhaps two, many going from the volunteer state regiments that came to the islands first, to the regular ones organized later, did the United States have their services as soldiers; and after that their services in civil life. If they remained in the Philippines, it was because they had established families here that honor bound them to look after. After 30 years they found themselves, one by one, out of employment. What they were able to do, they had taught Filipinos to do; in small their lugubriously tragic lives illus trate Spengler’s doctrine of the “decline of the west.” It was in May a year ago that they organized their club. It costs a dollar to join, 25 cents a month for dues. Meals cost a quarter too, if you have it. and if not, no matter— the invitation is, “Sit in and help yourself.” On the club walls, a room about 40 ft. by 50 ft., are lithographs of Wash ington, front wall, under the flag and the bunting, Lincoln and Roosevelt, side walls, McKinley, back wall; and another chromo shows all the presidents down to McKinley, he efful gent in the center. There is a Filipino boy to keep the place clean. There are partially filled shelves of worn books, others of old magazines. P. E. McGuire, of Robinson, Ill., was a leading organizer of the Pioneers Club. He has a little clothing factory, Mc Guire’s Shirt Factory. He came to the Philippines in 1899 with the 6th U. S. Artillery. For disability incurred in service he has been drawing a pension of 860 a month. But who is this, clumping up the stairs with two rough canes? Is it not a man you knew a few years back as rather a well-to-do contractor and builder? It is, sure enough! But how changed! They help him to a chair, facing a broad open window. He sits still, statuesque .... “the broken soldier, kindly bade to stay.” He looks straight out of the window. There is nothing to see, save with the mind’s eye. But here is a man of “First Expedition” fame, one of the men who arrived at Cavite June 30, 1898, who as a civilian first tried pearling, then lost all he made in pearls and shell in an effort to modernize the Philippine fish industry. Not one of these oldtimers could ever be anywhere in the islands without taking hold of something to better it. There is little but cheer at the Pioneers Club. E. B. Bartholomai, one,of the organizers, has volunteered as the cook. Of French ancestry, he is a natural cook. He came to the islands in March, 1899, with the 22nd U. S. Infantry. After the campaigns he traveled the islands as an optician and did well enough until his health failed and he couldn’t get around any more. He has sprue aggravated by diabetes, or perhaps diabetes aggravated by sprue. He can’t, of course, eat the meals he cooks; he keeps up on milk and cooks for the others —about the most wholesome and appetizing meals in town. No center of patriotism under the flag glows brighter than this. Age has made monks of these men, necessity has made them a monkish community sharing what they have in com mon. Their resourcefulness amuses, the base of a chandelier converted to the purposes of a cuspidor. The club has an old-fashioned “ j itch” game, in which the winner takes a nickel from all the losers—2^ cents more for every “set”. A game usually involves 7 or 8 men and con sumes at least 2 hours. The chief subtlety in playing “pitch” is to throw the “game'’ point to the bidder, if he is already set, away from him if he still has a chance to make his bid, and generally, to the low man; and in every “pitch” game, in this game it is old Parker, there is some cunning fellow who usually preempts the“game” point and therefore wins most of the time. Parker’s twinkling eye is one thing you remember about the Pioneers Club. He scans the newspapers csyefully and ar bitrates disputes: when Cleveland’s second term ended, how much Fitzsimmons weighed when he beat Jim Corbett at Reno, everything rather recent and important. Parker even knows that Cleveland was a gold-standard man. ‘o* And I am, too,” he says. “And we’ll get the worst of it at London, tooe ‘we never lost a war nor won a conference.’ You watch and see.” “We!” And such a sentiment, in such a place! "We never lost a war.” The man they seated toward the window hears, shifts his eyes but can’t, being paralytic, turn his head; his eyes go back to the vacant window. Oldtimer A. W. “Dea con” Prautch is the Pioneer’s president. The club is careful of its treasury and husbands the common hoard to the best advantage. Prautch would of course see to that, and so would the others. Enter the Agrobiologist (Continued from preceding poge) Here then is a problem looming in the all too near future which has received little or no attention from the Government or the public—or from the farmers themselves. The result of an enormous governmental effort to put our industrial workers back into jobs has been thus far but fractionally encouraging. Our industrial producing capacity still easily outdistances our power to consume. There is serious doubt as to whether a 35-hour week with a $14 or $15 minimum wage will prove to be anything more than a preliminary step in restoring 12 million or 15 million industrial workers to adequate consuming capacity. Many things may happen in twenty years. B it one of the things that seems least likely to happen is that we shall develop appetites which will demand anything like the quantity of foodstuffs that our agricultural establishment will be able to turn out before that time. And it is perfectly obvious that the transfer of 10 million men—or even half that number —from the farms to the cities may produce an unemployment crisis far more serious than anything we have yet contemplated. The progressive shortening of the week in industrial pursuits would naturally lead to an insistence upon shorter hours on the farms. But when it is realizjd that one-seventh of the effort now going into agriculture could produce all we are producing now, and further, that we are already producing far more than we can use, it is clear that a very substantial percentage of our farm population must seek other pursuits unless an unwontedly generous public is willing to support them indefinitely in their chosen “way of life.” The fact that we can supply our agricultural needs with a fraction of our present effort should not cause apprehension any more than the fact that our industrial capacity is far greater than our present ability to consume its products. Both developments indicate a rapidly increasing control by civilization over the natural environment. But these develop ments are a challenge to our ability so to organize our economy that we may secure their advantages. We are not meeting that challenge by sitting around and waiting for a drought or some other destructive event to bring cheer to the farmers not affected, or to inject new life into the commodity markets. Nor does it seem altogether sensible to attempt to achieve the same ends by deliberately destroying a substantial portion of our crops. To meet the challenge intelligently we must consider what steps must be taken by the farmers to approach the larger yields suggested, the part of the government in helping or hindering this development, and the various means of meeting the human problem involved in such a reorganization of our agriculture as seems inevitable. These aspects of the matter will be discussed in a later article. November, 1933 THE AMERICAN CHAMBER OF COMMERCE JOURNAL 9 No Business Can Escape Change (From “Nation’s Business’’) Automatic pettery-making machinery has been developed which, it is estimated, will turn out up to 14,400 dozens of dinnerware shapes in 24 hours, (’lay is fed in at one end; the finished product, ready for the kilns, comes out at the other. Tlfree men and the machine do the work of 100 men. . . A new machine wraps and seals 600 pies an hour, encasing them in a transparent wrapper which is sealed to the under side of the pie-plate rim. . . . A new machine has also been devised for packing fruits and vegetables in small bags. It requires three operators, is said to be capable of handling 600 small bags an hour. ... Exterior wall surface and backing are combined in a new wall unit consisting of a concrete block into one face of which is cast any of the common faqade materials—brick, limestone, terra cotta, marble, granite, etc. ... A new “synthetic’’ stone is composed of shale and alkaline earths a nd a quarry-waste filler. Said to have physical qualities similar to stone, it can be molded in a variety of colors, shapes. . . . High weather resistance is said to mark a new cementcoated steel sheet for building purposes. It’s offered in colors, permits “textured” finishes for corrugated roofing and siding. , Said to give all the advantages of steel frame construction at the cost of reinforced concrete, a new type of floor and roof con struction utilizes an all-steel-and-gypsum slab. It is light, rapidly erected, requires no shoring. . . . The shrinkage factor in wood frame construction is said to be controlled by a new metal joist fitting—a pressed steel stirrup of novel pattern which eliminates nailing of joist to stud. . . . A new water-resistant wall paper, coated with neither varnish nor lacquer, has been developed. Offered in glazed or un glazed finishes, it can be wiped with a wet cloth without removing the print, permits erasure of pencil or wax crayon marks. . . . The all-electric kitchen now has a rival in an all-gas kitchen— a flexible unit which can function as refrigerator, stove, water heater, cabinet, work table, and concealed heating unit for the entire house. . . . A new compact, pneumatic check for screen and light storm doors disconnects from the jamb when the door opens, permit ting free outward swing. It has no adjusting screws or springs. . . . Window screens are now being merchandised in cartons, com plete with frames and fittings, ready for assembly. . . . A new “electric broom’’ sweeps clean hard surfaces as well as rugs. It weighs 4% pounds, has a molded resin receptacle clipped to the handle into which dirt is filtered and compressed. New in lifts: An automatic electric home elevator which takes up no space downstairs when not in use—and which stops in stantly should the cat be sleeping under it when it descends. A new automatic, electric, under-the-counter dumbwaiter for retail stores which needs little space, no pit, carries 300 pounds......... Latest applications of elastic yarn: women’s gloves; women’s hats which fit any head; riding breeches; inserts in women’s pumps, said to eliminate cutting and pinching across the foot; inserts in leather windbreakers to allow free arm action; men’s suits. . . . An ordinary kitchen knife is all that’s needed to loosen a new easy-opening top for glass containers NEW accessions of purchasing power mean new buyers coming into the market, the fulfilling of old wants, the arousing of new ones. Change promises to accelerate its pace in the days which are ahead. A simple, portable instrument has been devised which reg isters transparency of flat materials directly on a meter. It’s expected to find application in paper, textile and other industries. . . . Cost of industrial X-ray work is said to be reduced by a new paper film to be used in place of celluloid film. . . . Surgical scissors are now being made with removable and re newable cutting edges which slip into grooves in the shanks. . . Operation of pneumatic tools is said to be improved by a new automatic control valve for compressed air lines which minmizes pressure losses. . . . Desk helps: Press on a new closed pin container and a pin places itself head up between the fingers. Ink is kept at bottleneck level in a new bottle—a well inside the neck fills when the bottle’s tilted. . . . Selenium is used in a new insecticide which is said to control red spiders. Use thus far is limited to ornamental plants and certain fruit crops where spray residue is unimportant. . . . Beer’s offspring: “Synthetic hops”—a synthetic oil product, one pound of which is said to be equal to 25 of hop compound; lightweight aluminum beer barrels which require no pitching, painting or linings; absorbent pulpboard table mats, made in colors. . . . Even lollipops can’t escape change. A heightened safety factor is claimed for a new one in which a flexible loop handle, made of a special type of paper, replaces the usual wooden stick. . . . —Paul H. Hayward Editor’s Note—Material for this page is gathered from the many sources to which Nation’s Business has access and from the flow of business information into our offices in Washington. Further information on any of these items can be had by writing to Nation’s Business. 10 THE AMERICAN CHAMBER OF COMMERCE JOURNAL November, 1933 The American Chamber of Commerce O F T H E Philippine Islands (Member Chamber of Commerce of the United States) DIRECTORS AND OFFICERS H. M. Cavender, President C. S. Salmon. Vice Preident John L. Headington,Treasurer Leo K. Cotterman W. L. Applegate J. C. Rockwell Kenneth B. Day E. M. Grimm P. A. Meyer ALTERNATE DIRECTORS Verne E. Miller S. R. Hawthorne F. H. Hale L. D. Lockwood. EXECUTIVE COMMITTEE: H. M. Cavender C. S. Salmon Paul A. Meyer RELIEF COMMITTEE: J. Gordon J. R. Wilson COMMITTEES John R. Wilson, Secretary James C. Ross, General Counsel MANUFACTURING COMMITTEE: F. N. Berry LEGISLATIVE COMMITTEE: H. M. Cavender Paul A. Meyer E. E. Selph J. R. Wilson FINANCE COMMITTEE: C. S. Salmon Verne E. Miller FOREIGN TRADE COMMITTEE: H. B. Pond Paul A. Meyer L. Spellman PUBLICATIONS COMMITTEE: H. M. Cavender P. A. Meyer R. C. Bennett J. R. Wilson BANKING COMMITTEE: C. M. Cotterman W. K. LeCount J. R. Lloyd RECEPTION, ENTERTAINMENT & HOUSE COMMITTEE: L. M. Hausman LIBRARY COMMITTEE: S. A. Warner SHIPPING COMMITTEE: E. M. Grimm G. P. Bradford E. W. Latie INVESTMENT COMMITTEE: H. M. Cavender C. S. Salmon Paul A. Meyer J. L. Headington cipher out the millions of dollars a year we might favor America with, in freight payments her ships ought to have from us out of what she pays us for our products. Things are down to cases in America, believe it; and the times challenge our conduct toward her. We go along too easily here, we are taking far too much for granted— there will be a reckoning day unless we change our attitude as a community, and unless we change it soon. Our sugar enjoys a bounty in the American market of 2 cents gold a pound, and in this bounty is all our profit from the crop and more besides; and yet, most thoughtlessly, we hire foreign ships to deliver it to America and get her check for both the price and the bounty. But no more on that score* a glance at the worfd instead. This review dislikes being indignant, it takes much provocation to make it so. Forgive, please, an occasional momentary flare. As to the world today, 15 years after Armistice, while it is easy to attribute its predicament to the World War. it is possible that not. the war, but what the war adduced, is mainly responsible. Man’s mind is most persistently applied to wars, the winning of them, recovery from them, preparation for more of them. This is what the war adduced, a period of inventiveness and of application of the sciences; and not the war, but all that followed it, the inventions, the fruits of applied science, made men bold to essay nationalism, make high tariffs, subscribe fascism, submit to dictatorships. Not the war, but all that followed it, demoralized world exchanges and trade. The war was the nadir of destruction, but what followed it was the acme of constructivity: the field of marginal production was widened in factory and on farm, and now there is not work enough for all—nor can there be. What followed the war made a new world, the burden of states manship in future must be the means of the intelligent and bene ficial wastage of human energy. World capitals do not as yet squarely face this fact, the present is a time of mere groping toward it. When the new situation is understandingly dealt with, and its unmeasured opportunities, the modern golden age will dawn. That is what will finally come of the World War, but in that age, that our children, living out their span of life ought to enjoy, men will not say the war made the world safe for democracy—that scheme of things will be in limbo too. But it will have been the way to something better, not anything worse. Hard as times are, they are not a time for warranted discouragement. AUTUMNAL THOUGHTS This month of Armistice Day and Thanksgiving and the shift of the monsoon from the southwest to the northeast that marks the advent of our Indian summer season conjures through news 2nd letters from America a grave picture of folk there roughing it through another grim winter . . . millions of youths still deprived of the inheritance of labor for their bread, the right to work, to eatn, to love and marry, to have children and bask in the pleasures and duties of husbandry and the keeping up of homes . . . and instead of this normal life, limited opportunity, bread lines in all cities, life as gray and cold as winter itself. Conditions are only moderated from what they were last winter, and are not moderated at all for those still unlucky enough not to be able to find work and earn wages. In the Philippines, an agrarian country, we can hardly sense this. Our climate is subtropical, our plowed lands productive of crops whose surplus usually sells readily abroad, and our sparse population demands little not spontaneously supplied by nature. We are not industrial, except in a very limited way, and we are hardly sensible of our obligations to the industrial world—espe cially our obligations to the United States, where times are still very hard. Thus in discharge of her own obligations to us, in an industry she has encouraged here, America will sacrifice (give to us, really) treasury revenue of $44,000,000 in buying 1,100,000 tons of sugar duty-free from us that she might as easily buy duty-paid from Cuba at the same price and in the same amount. Are we sensible of this boon when we give 85% of the freighting of this sugar to market in the United States to foreign ships,’and keep 3,000 American seamen out of jobs by so doing, hence about that many families deprived of income they might have from this gener ous trading with us? As we grow more industrial we shall grow more conscious of these decencies of fair exchange. Perhaps you will run up data and TO MARK IN BRONZE HISTORICAL PLACES Governor General Frank Murphy has founded a committee to mark with bronze tablets of a uniform style places of histor ical interest in Manila and the provinces, in Manila first. The committee is beginning with the walled city, the cut here shows the British fleet that cooperated with the land troops in the siege of Manila in 1762 that effected the British occupation that ended in 1764. More than twenty features of the walls, forts, redoubts, bastions, gates, will be identified with markers making casual study of them easy. November, 1933 THE AMERICAN CHAMBER OF COMMERCE JOURNAL 11 Recreation, Physical Development and Leisure Time lippine Social Survey <4> (7) (7) (10) (11 (2) (3) (i) sal LABOR AND INDUSTRY (12) 12 THE AMERICAN CHAMBER OF COMMERCE JOURNAL November, 1933 Veterans Monetary Benefits By John F. Martin Veterans Administration, Manila The economic condition of the United States, covering the period beginning with the present financial depression, affecting as it has all bran ches of industry, commerce, and the monetary welfare of the country, has been responsible for a tremendous amount of misery, unhappiness, disaster and irreparable loss in the concerned aspects resulting from the misfortune. What ever the basic causes of the more or less universal depression might be is for academic discussion. It may be said, however, that the immediate changes in laws relating to veterans welfare benefits were probably hastened by the financial condition of the United States Treasury as ap plying to income and expenditures. By reason of the inability of the government to balance its budget, and the fact that the veterans welfare program took about 30 per cent of the yearly income to supply its needs as pro vided by law, it became necessary that somet hing be done to relieve and equalize the financial burden. The result being that many of the existing benefits formerly granted veterans under the provisions of previous laws became null and void by the passage of Public Act No. 2, 73rd Congress, which was signed by the President on March 20, 1933. This Act empowered the President to pro mulgate regulations and procedures covering benefits that might be granted to veterans or ex-service men of war-time or peace-time service, who had been honorably discharged from the z\rmy or Naval forces of the United States, and to others who came within the concerned categories of certain benefits as allowed by law. All former laws applying to hospital care and treatment, domiciliary care, compensation and other allowances, disability allowance or retire ment. pay to veterans and the dependents of veterans of the Spanish-American War, the Philippine Insurrection, the Boxer Rebellion, and the World War were repealed by the pro visions of Section 17 of the so-called Economy Act (Public No. 2, 73rd Congress). It might be of interest to digress on the distri bution of expenditures as covering compensa tion, disability allowance, and pensions of the veterans welfare program during the fiscal year ending June 30, 1932, as shown by the records of the Veterans Administration. An apprecia tion of the vast amount of business, and cogniz ance of the expenditure of the huge sum of mo ney made necessary to cover the entitlements may be had by calling attention to some of the facts. At the close of the fiscal year, June 30, 1932, compensation benefits were being paid to 328,658 veterans whose disabilities were directly incurred in or aggravated by military or naval service, or were given the benefit of a presump tive service connection for same. The disburse ments for the purpose of compensating these veterans who had served during the World War totalled $189,540,380.76. Analysis of the major disabilities for which compensation was being paid disclosed that 21% suffered from neuropsvchiatric disabilities; 19%, from tuberculosis; and GO') from general medical and surgical disabilities. The average monthly payment for all compensation awards $44.12. Approximately 53% of the disabilities for which compensation was being paid were rated on a permanent and partial basis, 32% as temporary partial, 11') as permanent and total, and 4% as temporary total. In the neuropsvchiatric group 52') of the permanent and total cases were found, while 27' 'v were in the tuberculosis group. The four States having the largest number of veterans receiving compensation were, New York, 26,638; California, 24,167; Pennsylvania, 21,768; and Ohio, 18,655. Of the foreign coun tries, Italy had the largest number, 556, as com pared with 278 in Canada and 161 ii> British Isles. On June 30, 1932, there were 2,904 women veterans receiving compensation benefits, clas sified as: Army Nurses Corps, 2,380; other army women, 12; Navy Nurses Corps, 120; yeomen (female) 2,380; marinet.tes, 5. And the major disabilities for which compensation was being paid were classified as: neuropychiatric disease, 24%; tuberculosis, 30%; and general medical and surgical disabilities, 46%. Allowances were being paid the dependents of 91,199 veterans who were rated on a tem porary basis, being authorized for 84,357 wives," 162,116 children, 5,959 mothers, and 1,961 fathers. And there were 11,828 veterans re ceiving insurance payments for permanent and total disability. Records showed that compen sation was being paid to the dependents of 97,448 veterans who died as a result of disabilities or injuries incurred in military or naval scrviceduring the World War. 'Phis compensation was being paid to 23,961 widows, 36,565 children, and 87,490 parents, at an average monthly payment of $27.98. In addition to compensation approxi mately 67% of the dependents of veterans who died as a Jesuit of military or naval service were receiving monthly payments of either term or United States Government (converted) life in surance. An analysis of the immediate cause of death disclosed that 23,885, or 25% of the total, were the result of battle injuries, and 68,600 or 70% the result, of diseases. The dependents of 6,914 deceased veterans were residing outside the continental limits of the United States, 1,960 being in Italy, 703 in the British Isles, 693 in Poland, 652 in the Philippine Islands, and 545 in Puerto Rico. THE MANILA STOCK EXCHANGE has been removed from the DE LOS REYES BLDG., PLAZA CERVANTES, GROUND FLOOR TO CORNER of ESCOLTA and NUEVA Exchange Telephones: 2-29-95 2-29-96—2-29-97 JOHN HAIR President Phone 2-18-44* BENITO RAZON Vice-President Phone 2-10-36* G. W. MACKAY Treasurer Phone 2-22-10* J. N. MACLEOD Phone 2-31-75* J. CANSON Phone 2-22-09* FRANCISCO G. SAENZ Phone 2-12-92* MISS MARIA MARTINEZ Phone 2-22-78* ENRIQUE SANTAMARIA Phone 2-18-57* MARINO OLONDRIZ Phone 2-22-08* L. SCHNURMACHER Phone 2-26-24* J. OVEJERO Phone 2-42-12* JAMES WOO Phones 2-42-45—2-32-22* W. E. LITTLE Phone 2-18-44* M. C. COOKE Phones 2-34-68—2-18-35* B. LOPEZ Phone 2-28-54* S. N. PICORNELL Phone 2-18-44* Wm. ZEITLIN Phone 2-22-50* J. CAMAHORT Phone 4-75-02* L. R. NIELSON Phone 2-18-57* CARL HESS, JR. Phone 2-22-40* *Office Telephones Trading hours: 10:00 to 11:00 IN RESPONDING TO ADVERTISEMENTS PLEASE MENTION THE AMERICAN CHAMBER OF COMMERCE JOURNAL November, 1933 THE AMERICAN CHAMBER OF COMMERCE JOURNAL Representative U. S. Stocks Still Trend Cellarwart The Journal’s imagined portfolio of securities selected in August shrunk in quoted values again in October for reasons Still watching the fortune of the selected list of represen tative American common stocks chosen in August as if actually bought, tjie reader will note from the quotations on this page as of October 28, October 29 having been a Sunday, that with minor exceptions all the stocks shrunk in quoted value during October. This, in our opinion, is due less to any weakness in the worth of the stocks themselves than to the demoralized situation at the New York stock exchange, where all is wailing and gnashing of teeth and Gilead yields no balm. Disaster lies heavily upon the ex change, and its character is not that of Job. Something is going to happen to the exchange, something in the nature of law; it may be worse than mere periods of dull market days, and the exchange doesn't know what this something will be nor what to do about it. Many financial reviewers incline to the opinion that speculation, that should never have been more than tidbits of luxuries to such a pretentiously dignified insti tution, had become its usual fare; in the midst of what ought to be plenty, its champagne appetite is starving. This doesn't,’ really, alter the fact that railroads are again making money, that steel’s outlook is in all probability sound, that great food products companies can buy at very reasonable prices and sell at least at normal profits. It is no less true that investment for income goes on all the time, must neces sarily go on, as by the insurance com panies, and where they seek preferred shares commons at present prices can hardly be a wild guess. The funda mental fact behind the low speculative prices may be that congress is not re conciled to the stock exchange, which in turn is not reconciled to the new deal—skies are dark, storms brewing. Then there is the deflating effect of the exodus of .smart money, the kind big men hold in big chunks and always know how to handle. This money, ordi narily a large factor on exchange, has been skulking away to England, France and Holland to the tune of billions, it is said; in London it has been dubbed nuisance money because subject to instant call, it has played havoc with bank and discount rates and has been roundly berated in parliament. It is only less unwelcome in continental capitals that still boast respectable central banks, but is there in spite of cold ness toward it on the part of native money. Railroads Sept. Ort. d!) 2!) A. T. and S. F.......... 55 49 Canadian I’fc............ 13-1 2 12-5. S Pennsylvania............... 30 20 Union Pacific.............. 110-1 2 110 Baltimore & Ohio. . . 27 22-1 /'2 Rails quotations slumped from Sep tember values on the board, that in turn were lower than those of August. The market has no parity with the actual activity of railroads and current earn ings. Its true relations is to the funk that grips the stock exchange, which fears the government may not do right by it. Rauls Chase ........................... 22% 19% Umpire Trust.................. 17% 10 bi National City................. 24% 21% Irving Trust................. 14% Banks haven’t really got going under the new deal; their struggle is between Keeping liquid, as the auditors demand of them, and loosening up on credit, as NRA demands. If you still believe in the great banks, as this review does, there could hardly be a luckier combination of circumstances under which to back your faith with a discreet acquisition of essentially sound bank stocks, 'fhe stocks quoted are all paying current dividends. Steel Bethlehem Steel .. . . . . 33 28-1/2 U: S. Steel............... . . . 4G 39-1/4 Food Frodticls California Pkg........ . .. 33 20-1, 2 Corn Products........ .. . 86-1, 2 78-1/4 General Foods........ .. . 19 34-1 4 Automobiles Chrysler................... . . . 40-5/8 40-7/8 General Motors.... .. . 28-1. 4 27-3/8 Others Drug, Tnc................. Wrigley’s................. .. . 53 53-1/2 Being there, it is not in New York, hot up on trading on the stock exchange. In fact, it sets a no-trading example and operates to discourage small money from gambling at a table, plungers have so incontinently abandoned. This depressing psychology spreads, and affects adversely the values of all the sound stocks—just as jobbing unsound stocks on a broad scale sends the whole list up, herd-mindedness being the cause of both these calamities. However, these little amateur reviews are only addressed to men who would invest for income; they are remote from the spirit of speculation or the baser will to sell American short. When smart money gets itself transferred out of America, its owners are selling fhe country short. They are short-sighted and purseproud in this, which can’t last. They are really trying to beat the United States and the American people, which can’t be done: the country is too resourceful, the people too deter-^ mined to triumph over their adversities. Smart money will be trying to get back into America one of these days, look then for clamor about the tariff and the restored prices of products and labor. For the means by which this money might get back into the ■ country are means of commerce and' banking, the same means employed' to get it out of the country. To get it out, securities payable abroad were bought, products were bought and sold abroad and the proceeds deposited. It would be just as well to give this money an extended European vacation. England must tussle with it as best she can; securities may there go far above their real values, during the tussle, while it is pretty certain they will remain below sound values in the United States until money really settles down to playing the game with President Roosevelt—to seeing it through, as the British have it. One thing to consider in investments these days is the national character of the industry behind any security you might like to buy. World exchanges are quite upset, Britain has gone empire, Germany gone something indescribable, the United States will inevitably emerge out of today’s dilemma firmly launched on an intranational policy of her own—and the last will not be the least. Choose securities, then, with national trade dominantly behind them, and such securities as national industrial recovery will surely and favorably affect. THE AMERICAN CHAMBER OF COMMERCE JOURNAL November, 1933 President Roosevelt Aids Gold Mining Here Philippine Gold Stocks October 30, 1933 The most significant factor affecting gold mining in the Philippines, that developed during October, was President Roosevelt s order of October 31 for the United States to buy new gold at the current market price throughout the world, or even somewhat above that price. This affected shipments of new gold from the Benguet Consolidated and Balatoc mines, controlled by Judge John W. Haussermann as president and general manager, that had accumulated in San Francisco since April. This gold was therefore sold at 832.12 an ounce, instead of the old treasurj' price of $20.67 an ounce, and the two companies that sold it gained about $1,000,000 by Roosevelt's decision to let the treasury price follow the market. r It is expected that this will show up in future dividends of the Haussermann mines; at the least it is a stimulus to gold mining in the islands generally, as it obviates the advisability of slowing mining down and invites the highest possible production. The Philippines will materially increase their gold shipments to America within a twelvemonth. The major portion of what they get for this gold will promptly come back to the islands through commercial and banking channels, be distributed here in taxes, dividends, payments to labor, and in reserves held in banks. Taxes will benefit in several ways: incomes from mining will be more, from the same output, by about 50%, and again more because of increased output ; the excise tax, based on the money value of the gross output of mines, will be more by about 50% on the same output as last year’s, and more because of increased output; and where a mine's output at $20.67 an ounce would have kept its. excise taxes at one of the lower rates (these rates ranging from 1-1/2% to 5% according to output), the new price may put it at one of the higher rates. Effects on business will be beneficial, and the monetary circulation of the islands ought to increase with buoyant effects on wages and ultimately on commodity prices. All summer long, machinery benefited by the mining activities at Baguio and elsewhere and still benefits from them. Such bene fits distribute themselves rapidly. Having the price of some 100,000 ounces of gold at stake, Judge Haussermann was so sure that Washington had made a mere oversight when, in going off gold, the treasury price for new gold was held at $20.67 an ounce that he conducted a lone fight for the world . price. He approved Roosevelt’s financial policy, he believed con trolled inflation justifi able if arrangements were made at the same time to keep America’s gold reserve and add to it by paying the world price for new gold, whether imported or produced in the coun try and its possessions. LIST OF PHILIPPINE MINING COMPANIES, TREASURY BUREAU The following companies, which have been licensed to sell their stocks to the public, are already operating, producing gold, and paying dividends to stockholders. Authorized Par No. of Shares Value of Name of Company Capital Value Permitted to claims autliorbe sold ized by Ins. Trcas. &N&cc°o................... rffl2o°S T I S? Psniquc Mines* 250,000 POO 250,000 4^000 ■■■■■■ us ’S “W i.S <£S Buyers Sellers Sales 0.08 0.12 0.12 0.58 0.62 0.60 0 17 0.175 0.175 0.38 0.41 0.40 21.50 22.50 21.50 Ambassador Mg. Co. Antamok................... Atok........................... Baguio Gold............. Balatoc.................................................... Benguet Consolidated 29.00 30.00 30.00 Benguet Exploration. Benguet Goldfields. . . Big Wedge................. I Equitable Explora tion............................. Fortuna..................... I Gold Creek.................... Gold Wave............... I Gold River................ i Gold Coin..................... Golden Eagle................ 1 togon....................... Ipo............................. Mindoro..................... I National Gold Mg. Co.............................. Placer............................. Salacot........................... Shevlin....................... ■ Southern Cross............. Suyoc Mg...................... Zamboanga................... l’adcal.’......................... Bontoc Exploration..................................... Suyoc Consolidated . 1.00 1.35 1 25 Madaymon Mg. Explo’n Co................. Mabuhay Mg. Co... . Universal Explo’n & Mg.......................... States Group Mg. Co........................... .28 0.2* 0.13 5 60 0 13 0 33 4.75 0.31 ........ 0.16 ........ 0.24 0.25 0.15 0.14 11.00 ........ 24.00 23.00 5.00 4.75 0.90........ 1.40 ........ 0.13 ........ 0.20 0.15 0.14 These figures are of October 30, from the board of the Baguio Stock Exchange, Chamber of Commerce Bldg., the final column representing actual sales of Oc last pr< The discussion, by cable, was a long one; but when at last an authoritative committee was appointed to study the question and decide it, victory for the gold producers was quick and decisive. Domestic producers had meantime abandoned the case, but now they may revive their claims. The more the Philippines lick in now and turn out gold, the more strength they will lend to Roosevelt in stabilizing exchanges throughout the world and restoring rational international commerce. The world price America decided to pay for new gold had no remarkable effect on the local market for local gold stocks in the new mines of which a list appears on this page. The dementia over these stocks had subsided before Roosevelt’s purchasing policy was announced. While there was a heavy volume of trading during October, it was quiet and unaccompanied by spectacular flurries. On the whole, it was investment; the public is apparently settling sensibly down to waiting for the new mines to produce gold and earn dividends fixing true values for their shares. This is as it should be. It is aside, however, from the genuine interest still manifest in prospecting ventures, discovery and development of gold deposits. Prospecting and staking new properties is at its height. Assay demands on the division of mines at the science bureau are very heavy, and Manila perhaps needs a commercial assay enterprise to meet the situation. For this, in the writer’s opinion, is just the thing to do—get into the mineral zone and turn up the gold that is unquestionably there. Next month this review will list the mines that are now in or about to enter the productive stage. —W. R. November, 1933 THE AMERICAN CHAMBER OF COMMERCE JOURNAL 1 THE BRITISH LEGION This organization is the largest, of the British ex-service institutions, having no less than 3,365 branches in different parts of the world. It is entirely non-sectarian and non-political and its main object is to help all deserving ex-service men or women who are in need of assistance, by providing employment , either at home or abroad, or pensions and disablement allowances, as well as medical and surgical treatment. War orphans are also assisted both as regards education and a start, in business. At. first sight, if may appear that the British Legion is seeking to do work which should be undertaken by the Government but this is not. so, for, acconfing to the latest figures published bv the Ministry of Pensions, the war benefi ciaries of that Department, excluding (>0,000 war orphans, now total 783,780. This number naturally includes all cases of disability which can be definitely traced to the effects of war service but. there are thousands of men and women who, although so affected, have no definite proof that their infirmities are, in fact, directly due to their war service anil it is the object of the British Legion to care for any of these unfortunates who are unable to provide themselves with proper medical attention. The Legion has 3,550 Ixical Benevolent Com mittees, with more than 40,000 voluntary work ers. There are 9 charitable societies affiliated Members of the Philippine Branch of the British Legion September 30, 1933 Alexander, G. M , Royal Garrison Artillery; Baigre, A. O., Balls, A. J., Royal Air Force; Booten, II. de \ ., R. A. O. C.; Bowen, Geo., 53rd Battalion A. I. I'.; Carter, H. C., Royal Naval Reserve; Chalmers, F. M., 5th Battalion Cameronians; Crawford, S., Royal Sussex Reg iment; Crovat, P. S„ R. F. C. & R. A. F.; Camp bell, R. A., Scots Guards; Davies, C., 1st Border Regiment; Eady, G. AL, Royal Navy; Forrest, J. H., R. N. V. R.; Forrest, Jessie Paton, Mid dlesex Detachment V. A. D.; Foulds, L. IL, R. A. M. C. A- 1st Manchester Regiment; Glen, James, R. N. R.; Herridge, J. R., R. A. S. C.; Herridge, Janet, Midlothian V. A. D.; Harber, >8., Hodsoil, F., R. A. S. C., Hoskyn, H. P., East Kent Regiment; James, J. G., 7th Northumber land Fusiliers; Jamieson, J., Black Watch; Jollve, H. P. L., Kings Royal Rifle Corps; Jones, H. V., R. A. F.; Kay, A. T., 10th Scottish Rifles; Keogh, D. J., Royal Engineers; Lauder, J., 4th Battalion Gordon Highlanders; Leibovitz, Gerson, 29th Division Z. M. C.; Leyshon, F. , 1st Battalion Queens Westminster Rifles; Leycook, B. B., Maclean, H. J. H., 1st Battalion London Scottish; Macleod, J. N., 7th Australian Field Artillery; Marseille, G., 25th N. Lancashire Regiment; Mcllwaine, Joe B., Canadian Infantry; Merritt, F. L., Sth Light Horse A. I. F.; Marshall, S. C., Australian Imperial Forces: Nield, F. B., 8th Battalion A. 1. F.; Page, P. S., 4th Battalion Devonshire Reg.; Parry, G. H., Royal Navy; Richards, E. C., Royal Field Artillery; Rimmer, W. G., Royal Garrison Artillery; Robertson, A. W., The Gordon Highlanders; Sinclair, G. W., General List; Saunders, J. W., ' Smith, Louis, A.P.W.O. Yorkshire Regiment; Thomas, E., London Scottish; Thorpe, A. A., R. A. S. C.; Trimble, F. H., A. I. F.; Walker, G. G., London Rifle Brigade; Wills, W. IL, Royal Flying Corps; Wood, G., Seaforth High landers. Not Affiliated Carpenter, II. F., Royal Engineers, Signals. to the Legion and the utmost care is taken to prevent malingering. As regards employment, the Legion maintains a Disabled Men’s Industries (Sales) Organiza tion, which deals with the produce of 14 different trades, in addition to a Village Settlement, a Sanitarium and a Factory where the ‘ Remem brance" Poppies are manufactured, for sale throughout the world on Armistice Day. This means of obtaining financial support, for the British Legion was instituted in 1921 by the late Field-Marshal Earl Haig, who was the Ix*gion’s first President. Since that date, no fewer than 340,000,()!)() tokens (buttonhole poppies, sprays, wreaths, motor car mascots, etc.) have been sold, for a total of £5,184,331.0.0 (about 825,000,000 at current exchange). The amount collected last year was £546,638.0.0 for the sale of 48,936,774 tokens throughout the world, including 295 British ships at sea. The Manila Branch of the British Legion, which was founded in 1930, has a membership of 50 and despatched to the Legion’s Head quarters last year £100.0.0 as a result, of the sale of Remembrance Poppies on Armistice Day. The Patron of the British Legion is II. R. II. the Prince of Wales and its President is General Sir Fredrick Maurice. The Honorary Secretary of the local Branch is Mr. W. G. Rimmer, P. (). Box 311, Manila. -/< ll. A COMPLETE STOCK OF MINER’S SUPPLIES available at all times PROSPECTORS’ PICKS MINERS’ PICKS GOLD PANS SHOVELS TOOL STEEL BARS DRILLING STEEL BARS Come in or write to— PARSONS HARDWARE CO., Inc. 805 Echague........................................................................................Manila. Recommended By Leading Doctors Drink It for Your Health’s Sake TEL. 5-73-06 French Veterans of the World War, Residing in the Philippines Willoquet, Hon. Gaston, 151st Regiment, Infantry Savary, M. Andre, 33rd Regiment, Infantry Cailles, M. Gregoire, 141st Regiment, Colonial Artillery Jaquet, M. Georges, 3rd Battalion, Foot Chas seurs Magrin, M. Roger, 8th Artillery Regiment Bonnet, M. Georges, 4th Section Military Field Hospital Unit Weill, M. Alexandre, 20th Regiment, North African Rifles Boissy, M. Emile, 61st Morracan Rifles American Legion in the Philippines The Philippine Department of the American legion was organized in 1919, at the Manila Hotel. As far as possible it has been kept a non-political organization. 'Phis department voted against premature payments of bonuses "looting the treasury"; and against reduction’ of veterans’ pensions in the Philippines, believing that all veterans living under the American flag are entitled to equal consideration by oui government. The department also takes the stand that the Philippine Scouts are entitled to the same con sideration in the matter of retirement pay as any other retired veteran of the United States Nature’s Best Mineral Water IN RESPONDING TO ADVERTISEMENTS PLEASE MENTION THE AMERICAN CHAMBER OF COMMERCE JOURNAL 6 THE AMERICAN CHAMBER OF COMMERCE JOURNAL November, 1933 army. Moreover, membership in the Legion is not confined to United States citizens, the largest camp of this department being located at Macabebe. American Veterans, Members of the Amer ican Legion, residing in the Philippine Islands Officers of the Philippine Department — J. E. II. Stevenot, Department Commander Samuel J. Wilson, 1st Vice Department Com mander R. Lagman, 2nd Vice Department Commander IL H. Kevs, Department Adjutant Lt. A. E. Dewey, Historian Byron Eord, Chaplain Member, Post ? Agnew, W. .J. C.* Aubrev, S. E. Austin, James C. Bennett, Erank C. Bettendorf, W. C. Brunner, A. C. Bucklev, E. L. Carmail. P. D. Carmichael, .1. R. Cook, D. A. Cranston, II. D. Damman, Ered.* DeWitt, Clyde E. Ernst, Edward C. Eairchild. E. B. Eindlev, J. B. Eord, E. B. Eitzsimmons, R. 'I'. Glietaman, G. H.‘ (Sunn, D. (). Halsema, E. J. Hanson, O. (). Hirsh, E. A. Hall, Whipple S. Hall, M. K. Hill. Alexander Keys, 11. II. o. 1, Manila Latham, A. B. Jones, Charles '1'.* Johnson, Hilding E.* bnnon, Bert. M.* Mears, John W. Morgan, llarrv J. Murphin, William Ohnick, Beniamin S. Rubenstein, M. Russell, C. Russell, II. W. Rowlands, S. D. Sale!, II. S. Sclph, E. E. Shevlin, E. A. Shier, S. E. Shurdut, J. M. Stevenoi. J. E. 11. Thomas, Joseph A. Thompson, M. II. Van Buskirk, Win. Watcrous, Dr. W. II. Williams, A. D. Wing, E. E. Wiiitnev. Court nev \\ ilson, S. J. White, Charles R.* C. II. *No longer in Manil: MINERAL WATER for his drink Tansan is not “just soda,” but is richly mineral, blending perfectly with spirits, wines, stout or milk. Nothing Better for Your Kidneys! Cebu, Post No. 2, American Legion American Members— Anderson, Neil Palmer, W. C. A. Cleland, M. E., Jr. Gearv, Martin Padgett, Cvrus Terrv, A. IL Reed, J. T. S. Corregidor, Oliver Davis, Post No. 6 American Members — Williford, Lt. Col. E. E. Kerrick, Col. II. S. Dewey, Lt. A. E. Kader. John 1). Lurnlev, P. I. Caver,’ Wilfred A. Stewart, .J. C. Cole, Major H. S. Rcichardt, E. A. Stopford, E. W. Rothstein, Maurice Weinstein, Samuel Wilson, A. M., Jr. McMurray, G. J. List of the Belgian Veterans in the Philippines Antonisson, I1'. Claerhoudt, A. Cardvn, G. David, II. Ghysebrechts, M. Verlinden, M. Lambrecht, E. Lambrecht, G. Lindemans, L. Pelssers, J. I’roost, A. From “La Vanguardia” Los efectos de la ley de la rehabilitacibn en los Estados Unidos, la mejoria del comercio y las industrias del pais, y los nuevos precios clevados del oro ultimamente, han repcrcutido ya en las Islas Pilipinas, aumentando la circulacion monetaria del pa's casi diariamente, segiin indic.6 esta manana la scccidn (inanciera de la oficina de comercio. La circulacion mo netaria del pais, en la semana que termind el 11 deOctubrcpasado, ascendio a P120,328,701.53, micntras que la semana anterior fue de Pl IS,791,537.30. Esta mejoria en el comercio ha hechotambien que las industrias del pais estuviesen mas activas. Translation “The effects of reha bilitation in America, improvement of com merce and industry in the United States, and the recent higher pri ces of gold have had repercussions in the Philippines, where in creases in the mone tary circulation are noted almost daily, the finance section of the commerce bureau in dicated today (Novem ber 3). The total mone tary circulation of the islands in the week ending October 14 reached 1’120,328,704.53, while it was but Pl 18,794,537.30at the end of the week preceding. “This improvement in commerce has effect ed greater activity in industry.’’ TRADEMARKS REGISTERED From June to Au<iu.st, 11)33 Reg. No. 11430. Trademark consisting of the word “CHECK" with a design, for cigarettes, registered on July 22, 1933, by La Yebana Company, Inc., of Manila, P. 1. Reg. No. 11431. Trademark consisting of the word “GLACIER" with a design, for cigarettes, registered on August 2, 1933, by British-Amer ican Tobacco Company, Limited, of London. England. Reg. No. 11432. Trademark consisting of the words “NORTH POLE CIGARETTES” with a design, for cigarettes, registered on August 7, 1933, by Philippine Aromatic Cigarette Manu facturing Co., Inc., of Manila, P. I. Reg. No. 11433. Trademark consisting of the words “OLYMPIC CIGARETTES" with a design, for cigarettes, registered on August 7, 1933, bv Philippine Aromatic Cigarette Manu facturing Co., Inc., of Manila, P. 1. Reg. No. 11434. Trademark consisting of the word “EMPIRE" bicycles, tricycles, reg—From Judge. He. Why no, I haven’t lost anything! She. Then why don’t you stand up? GORDON DRY The heart T kt of a good Lj 11X1 cocktail grandHtnish’s Scotch Whisky for Good Highballs Kuenzle & Slreiff, Inc. SOLE AGENTS Main Office: Branch Office: 343 T. Pinpin 44-48 Isaac Peral Tel. 2-39-36 Tel. 2-17-62 Branches: Cebu. Iloilo and Zamboanga Also distributors for Alhambra Cigars IN RESPONDING TO ADVERTISEMENTS PLEASE MENTION THE AMERICAN CHAMBER OF COMMERCE JOURNAL November, 1933 THE AMERICAN CHAMBER OF COMMERCE JOURNAL 17 Here’s how to get Manilas! Genuine Distributo rs fur nished upon re quest to— C. A. Bond Manila Long Filler Cigars in cellophane are obtain able in your ci ty c nearby! i 15 Philippine Tobacco Agent: Williams Street, New York City Collector of Internal Revenue Manila. P. I. MA NILAS made under sanitary conditions will satisfy your taste! I (Health Bulletin No. 28) Rules and Regulations for the Sanitary Control of the Factories of Tobacco Products. “Section 15. Insanitary Acts.—No person engaged in the handling, preparation,-processing, manufacture, or packing of tobacco product or supervising such employment, shall perform, cause, permit, or suffer to be permitted any insanitary act during i such employment, nor shall any such I person touch or contaminate any tobacco products with filthy hands i or permit the same to be brought ! into contact with the tongue or lips, or use saliva, impure water, or other i unwholesome substances as a moistI ening agent; istcred on August 8, 1933, by Daido Boeki Kaisha, Ltd., of Manila, P. I. Reg. Xo. 11435. Trademark consisting of the word "FLOAT" for bicycles, tricycles, registered on August 8, 1933, by Daido Boeki Kaisha, Ltd., of Manila, P. I. Reg. Xo. 11136. Trademark consisting of the word "QUICKMELT" for sugar and sugar syrups, registered on August 8, 1933, by Insular Sugar Refining Corporation, of Manila, P. I. Reg. Xo. 11137. Trademark consisting of the word “XEW”, for large and round electric bulbs, registered on August 9, 1933, by Chua Chong Keng, of Manila, P. I. Reg. X'o. 11 1.3'< Trade-name consisting of the words "BOMBAY TRADING CO." for the business of selling to the public dry goods, registered on August 10, 1933, by Tolaram Menghraj, of Manila, P. I. Reg. Xo. 11439. Trademark consisting of the word "FORY1L" for perfumes, toilet water, lotions, face powders, etc., registered on August 15, 1933, by Les Parfums Forvil, of X'anterra, France. Reg. X'o. 11440. Trademark consisting of the word “FAS1I-EX-FIT” with a design, for shoes, registered on August 16, 1933, by II. Alonso, of Manila, P. I. Reg. Xo. 11441. Trademark consisting of the words "BOB HARLEY" with a design, for shoes, registered on August 16, 1933, by II. Alonso, of Manila, I’. I. Reg. X'o. 11442. Trademark consisting of (Please turn to next page) Cleanses and purifies too! The health element in Lifebuoy helps to keep you safe from the dangers of infection. Its hither not only cleanses, but purifies too. Lifebuoy protects the health of all who use it. A product of Lever Brothers Company Cambridge, Mass. LIFEBUOY HEALTH SOAP Smith, Bell & Co. Ltd., Manila Philippine Distributor REAL ESTATE By P. D. ( ARMAN Addition Hills The total of P761.957 compares favorably with October of last year (P520,370> but is much below October transac tions in previous years with the exception of 1927 and 1923. The greater totals in 1929, 1930 and 1931 may probably be ac counted for in part by installment sales made prior to the depression with payments subse quently completed. Sales City of Manila 1933 1933 P 124,028 67,480 143,222 6,000 1,313 47,282 107,469 12,000 7.500 1.500 294,140 40,023 Sta. Cruz............... 1’229,310 Sampaloc................ 120,372 Tondo..................... 28,979 Binondo.................. 32,520 San Xicoltis 93,348 Ermita. . 21,732 Malate. 82,013 Paco........................ 42,357 Ititramuros......... 259,000 San Miguel.... 1,700 Sta. Mesa . .. 6,510 Quiapo............ 128,975 Sta. Ana 21 103 I’andacan Hh 178 Pl,078,397 P761,957 ACETYLENE Dissolved Acetylene for all purposes WELDING Fully Equip ped Oxy-Acetylene Weld ing Shops. HYDROGEN Compressed Hydrogen 99.8% pure 'BATTERIES Prest-O Lite !■ Electric Stor age Batteries Philippine Acetylene Co. 281 CALLE CRISTOBAL, PACO MANILA, P. I. IN RESPONDING TO ADVERTISEMENTS PLEASE MENTION THE AMERICAN CHAMBER OF COMMERCE JOURNAL 18 THE AMERICAN CHAMBER OF COMMERCE JOURNAL November, 1933 the word “PABLUM" for specially prepared cereal food consisting of a mixture of wheat meal, etc., registered on August 17, 1933, by Mead Johnson A Company, of Evansville, Indiana, U. S. A. Reg. No. 11443. Trademark consisting of the word “McALEER’S" with a design, for a polishing and cleaning compound for lacquer finishes, registered on August 17, 1933, by McAleer Manufacturing Company, or Detroit, Michigan, U. S. A. Reg. No. 11444. Trademark consisting of the representation of a distinct yellow square facing-piece or label, for yeast, registered on August 17, 1933, by Standard Brands Incorporated, of New York City, N. Y„ I’. S. A. ' Reg. No. 11445. Trademark consisting of the word "VILLARRUZ" with a design, for medicines and pharmaceutical preparations, registered on August 21, 1933, by Antonio Villarruz y Ortiz, of Capiz, Capiz, I*. I. Reg. No. 1144G. Trademark consisting of the words “PYRAMID CIGARETTES" with a design, for cigarettes, registered on August 21, 1933, by Maria Luisa Hidalgo Yda. de Gonzalez La (), of Manila, P. I. Reg. No. 11447. Trademark consisting of the word “AMBERINE’ with a design, for cigarettes, registered on August 21, 1933, by Maria Luisa Hidalgo Yda. do Gonzalez La (), of Manila, I’. I. Reg. No. 1144S. Trademark consisting of the word “ALBASTONE" for dental plaster, registered on August 23, 1933, by The S. S. White Dental Manufacturing Company, of Philadelphia, Pennsylvania, U. S. A. Reg. No. 11449. Trademark consisting of the words “LIGHTHOUSE PEANUT OIL" with a design, for lard, peanut, oil and peanuts, registered on August. 23, 1933, by Ow Yong Punshek, of Manila, P. I. Reg. No. 11450. Trademark consisting of the word “NATIONAL" with a design, for shirts, pajamas, “camisas de chino", etc., registered on August 24, 1933, by G. Assanmal A- Co., of Manila, P. I. Reg. No. 11451. Trade-name consisting of the words “COMMER CIAL SILK SUPPLY" for the business of selling at wholesale and retail wearing apparel, dry goods, etc., registered on August 24, 1933, by G. Assanmal & Co., of Manila, P. I. Reg. No. 11452. Trademark consisting of the words “MOUNT ARAYAT" with a design for coffee and chocolate, registered on August 24, 1933, by Eduardo E. B.ilaon, of Caloocan, Rizal, P. I. (To be continued) Luzon Stevedoring Co., Inc. Lightering, Marine Contractors Towboats, Launches, Waterboats Shipbuilders and Provisions SIMMIE & GRILK Phone 2-16-61 Port Area UROMIL Powerful Urenic Dissolvent Astonishing cures of the most rebellious ca ses of Gout Rheumatism Arthritis Agents for the Philippines BOTICA BOIE Uroiropina 0 051; Benzoato lltlco 0.028; Sales plperaclnlras 0.046; Posfato dlsodtco 0.028; Esrlplcnt* ofervescente q. a. par* 1 gr n.The National City Bank of New York Capital (Paid)------ F248,000,000.00 Surplus---------------- P152,000,000.00 Undivided Profits - F 10,889,025.54 (as of June 30, 1932) COMPLETE BANKING SERVICES MANILA OFFICE National City Bank Building IN RESPONDING TO ADVERTISEMENTS PLEASE MENTION THE AMERICAN CHAMBER OF COMMERCE JOURNAL November, 1933 THE AMERICAN CHAMBER OF COMMERCE JOURNAL 19 Tondo: Red Cross Makes Social Survey There The Red Cross is in the midst of its yearly appeal for funds with which to carry on. To the press its case has been very sensibly pre sented, in that concise data have been furnished as to what wits done during the past year. Governor General -Frank Murphy's effort to place all entities making appeals to charity on a supervised business basis and in business relations with the government, for the general protection of the public, and to confine all authorized appeals of this sort to a fixed time in the year and have done with them, has pre cedent in the practice the Red Cross has long followed. It is the governor general who fixed the time of this year’s Red Cross appeal, as usual begin ning with Armistice Day and continuing to the end of the month. Even the Red Cross social survey of Tondo is worth a lot. No less than 5,193 families were included in this survey, summing some 30,000 persons. This is perhaps 1/12 of the city's population; being in a single poor district it is quite enough to reveal the worst conditions the public has to relieve. Families were ranked by ascertained monthly income into classes A, B, C and D. Classes C and D embraced fa milies having P15 or more income a month, it was decided that decent living standards in families of 5 or 6 members required an income of not less than P30 a month. The income of P15 a month was taken as the bare subsistence line; of all the 5,193 families surveyed, 1/4 were existing in poverty, half of these in abject poverty. On a basis of in come of P30 a month, nearly half of the 5,193 families -14' / of the 5,193 families had not this income and were existing below decent living standards—“crowded in insanitary homes, diet inadequate to maintain health, 21.2% of them with health problems, as against only 7.4% in classes C and D; out of 796 deaths during 3 months, 389 or 47.6% occurred without prior medical care—many families investigated held a fatalistic attitude toward disease.” The public health service: “A brief ex amination and prescription. . . many of these people need hospitalization which can not be given them. . . many lives arc sacrificed every year." Unemployment and irregular employment have of late increased among these people, but families in class A and B maintain living stan dards they afforded themselves in better times. This year's report respecting health, housing and sanitation checks closely with another made in 1927: the situation has for a long time been chronic, it has only been aggra vated by the depression. Class A families don't reach incomes of P6 a month, class B families don’t reach incomes of P15 a month, Class C families have incomes, often irregular, above 1*15 but below subsistence-level stan dards, Class D families have incomes more than P15 a month and are free from living problems. The ratio among classes A, B, C and D is 5.5, 7.43, 9.8 and 29.2; that is, 550 families below PG a month, 743 below P15 a month, 980 slightly above P15 a month, 2,920 in lower middle-class circumstances. Unemployment among heads of families was carefully classified by trades, 215 out of 35 in class A being unskilled workmen. Barbers irregularly employed earned P3.75 a month, carpenters Pl 1.55, cigarmakers P9.84, cocheros 1*8.58, fishermen P5.24, laborers P8, mechan ics (only 4) P23.80, painters PS.48, peddlers (53) 1*8.14, tailors 1*8.80, miscellaneous (42 out of the total of 581) 1*12.22. Classes A and B numbering 1,293 families were 6.3% tubercular, classes C and D only 1.8%. Worse, if anything, is the fate of the children of classes A and B who make shift to survive but are deprived of letters; the Red Cross found no less than 563 such children, of school age but not going to school, and even 344 in classes C and D: 202 lacked means, 11 were ill, 27 worked to aid their parents, 57 the schools could not accommodate, 35 were moronic, 6 had no birth certificates (apparently proof of legitimate birth is required by the public schools, a rule which would have kept anal phabetic a number of the greatest men of our age, among them prime ministers). Adult children, 16 years to 25 years old. to the number of 1,348 had no work of any kind. Such a report give a basis for intelligent relief. No less than 130 families willing to return to the provinces were found, 40 that had land in the provinces, 51 who had relatives owning land. Return of families to the prov inces has been undertaken by the governor general's committee on unemployment in Ma nila, and more than 1,000 families have been aided in getting back to the provinces. The Red Cross survey materially assisted this work. Of course no reader of this journal needs an extensive account of what the Red Cross does in the Philippines to spur him to renew his support of the Red Cross, to which every reader no doubt regularly subscribes; but this little summary of a single piece of good work done in Manila will reassure everyone that the Red Cross does all it can with the funds at its dis posal, that it is careful of its expenditures and works to good purpose. Four Merchants’ Opinions One merchant says: “... It is difficult to tell what we have learned from our experiences except that, speaking for our organization, we have all learned to be very humble.” An other merchant, as well known, says: “Success is going to be measured by our consistent everyday business, with balanced stocks in wanted staples and styles that are in demand; in the continued promotion of those goods.” A third says: “... the promotion of timely, wanted mer chandise is essential to our continued profit making; in fact, to our very existence.” A fourth says: “...and I cannot too strongly repeat that we in our store are firmly of the opinion that not one peso should be spent on the advertising of goods not in demand —and that not one peso less than what is required -to do a thorough job should be spent on the advertising of goods in demand.” When you place your advertising in the MANILA DAILY BULLETIN you are making a direct appeal to the buying power of Manila IN RESPONDING TO ADVERTISEMENTS PLEASE MENTION THE AMERICAN CHAMBER OF COMMERCE JOURNAL 20 THE AMERICAN CHAMBER OF COMMERCE JOURNAL November, 1933 OCTOBER SUGAR REVIEW By Geo H. Fairchild New York Market: During the fir<t week of the mouth, the un certainties as to the final adoption of a mar keting agreement for regulating supplies to the I’nited States mar ket and the unsettled condition in Cuba dis couraged thesugar trade, resulting in only in significant sales of Cu ban sugar on the basis of 1.53 cents c. and f. The news of the rejection by the Administration of the proposed marketing agreement preci pitated a sharp decline in sugar prices. Quota tions on the Kxchange closed on the 1.3th with a loss of 22 to 21 points from those of the beginning of the month, resulting from liquidation by speculators, while buyer's ideas of Cuban sugar for prompt shipment were fixed at not over 1.35 cents. The continued liquidation of Exchange hedges produced further recession in ’'futures'' quotations, {in additional loss of 9 to 11 points having been recorded nt the close oi the 20th. A similar dip in prices of actual sugar occurred duiing the week, Cuban sugar having been sold on the 19th al 1.20 cents and there were no buvers of Philippine sugar at 3.15 cents on the 20th. Pressure on the market was brought about by the possibility of heavier Cuban im ports into the I’nited States, aggravated bv the refiners' refusal to increase their stocks. Aside from these unhealthy indications, the market was also threatened by the segregated Cuban sugar amounting to 350,000 tons to be released on January 1st, 1934. At the beginning of the fourth week, the re[x>rts of currency inflation plans being prepared by the Administration raised the quotations on the Exchange, 21 to 22 points having been recouped from previous losses at the end of the week. Sales of Philip pine sugar were made during the week at 3.21 cents and 3.23 cents for November-December, December-January, and January-February ship ments, while buyers’ Quotations of Cubas were on the basis of 1.25 cents c. and f. This improvem?nt in the market was ascribed partic ularly to the reported revival of the proposed marketing agreement At the close ol the minth, however, quotations on the Exchange suffered a slight decline, although small sales of Cubas for present shipment were made to re finers at 1.30 cents c. and f. Future*: Quotations for future deliveries on the Exchange fluctuated during the month as l.«<r L'ib«l December 1 47 111 1 29 January............. 1 47 111 1 29 March...................... ........... 1.53 1 17 1 33 Mav....................... 1 57 1 21 1 37 Juh-.......................... ......... 1.63 1 27 1 43 September................ .......... 1.67 1 31 1 4X Stock*: Stocks in the I’nited Kingdom, I’nited States, Cuba, Java and Eurofrean statis tical countries were reported on November 3rd as 5,939,000 tons as compared with 0,402,000 tons a year ago and 0,21S,000 tons in 1931. Pliili ppi tie Sole*: Sales of P. I. centrifugal were reported in New York during the month amounting to 25,000 long tons at prices ranging from 3.20 cents to 3.26 cents [>er lb. A resale of 1,000 was also reported at a price of 3.25 cents. Local Market: Exporters’ nominal quota tions during the first week remained at PS. 10PS. 15 per picul for delivery up to end of De cember, but no business was transacted during the week. In sympathy with the decline in sugar values in New York, local buying quota tions sagged to P7.50 during the second week. Holders were indisposed to sell at this price; on the other hand, in view of the difficulty of in teresting I’. S. buyers in forward purchases of Philippine sugar, local exporters’ indisposition to buy in the previous week continued during the last two weeks of the month, with the result that only very limited business was done locally. Some small parcels were sold during this period at prices ranging between P7.35-P7.40 and P7.30-P7.35 per picul. Crop Prospcit: The following Centrals have begun milling their 1933-34 crop and their pro duction up to October 30 is tabulated below: Bacolod-Murcia . . Bamban . Bearin Binalbagan . Cebu....................... Don Pedro ........... Ilawaiian-Philippine Isabela ........... (Oct. 291 (Oct. 301 (Oct. 2!)i (Oct. 29> (Oct. 29 > (Oct. 291 (Oct. 24' (Oct. 301 2,839 1,405 6,9X4 312 3,020 10,1X9 'Die trip from Pacific Coast (Vancouver) to Atlantic Coast (Montreal or Quebec) is made in four days in the luxurious trains of the Canadian Pacific Railway. ONLY 3 TO 4 DAYS OCEAN TO EUROPE I'm St. Laurence Seaway! Sail from Montreal or Quebec and enjoy 2 days on the smooth St. Lawrence. Then, only 3 to 4 days more to British and Continental ports. Regular sailings: Empress of Britain. size-speed-SPACE marvel. Famous “Duchess" liners for smart economy. Popular “Mont-ships" for solid comfort, low cost. Attractive, low-priced Tourist and Third Class on all ships. YOUR INQUIRIES ARE INVITED CANADIAN PACIFIC WORLD’S GREATEST TRAVEL SYSTEM 72,299 9. La Cariota............ . . . (Oct. 29) 7,590 10. Ma-ao .................. . . . (Oct. 29) 3,336 11. (Oct 28) 1.224 12. Pilar ................. . . . (Oct. 29) 2,262 13. San Fernando...... . . . (Oct. 29) 14. San Isidro............ . (Oct. 24) ’’952 15. Talisay-Silay. . .. . . . (Oct. 29) 5,255 10. Tarlac. . . . (Oct. 24) 5,604 17. Victorias. (Oct. 29) 9,680 As not all of the Centrals report their weekly mill data to the Philippines. Sugar Association, there may be some other small Centrals which have already begun milling, but this cannot be confirmed from other sources. The production to date of the Centrals reporting constitutes but 5'7 of the total production estimated for the 1933-31 crop, which is placed conservatively at 1,350,()()() metric tons. (Please tarn to page. 25) FOR THESE GOOD REASONS... GO EMPRESS Reason/...Record size. Reason 2...Record speed. Reason 3... Luxury of Pacific and Atlantic standards. More Reasons...? Ask anyone who’s made an “Empress" crossing! Fortnight ly sailings from ORIENT TO VICTORIA AND VANCOUVER Choice of 2 Routes ... Direct Express: Empress of Asia and Empress of Russia make trans pacific crossing from Yokohama in 9 days. Via Honolulu; Empress of Japan (largest, fastest liner on Pacific) and F.mpress of Canada add but three days to the journey.... First and Tourist Class. Also, Third Class. RAILWAY SERVICE ACROSS CANADA IN RESPONDING TO ADVERTISEMENTS PLEASE MENTION THE AMERICAN CHAMBER OF COMMERCE JOURNAL November, 1933 THE AMERICAN CHAMBER OF COMMERCE JOURNAL 21 SHIPPING REVIEW By II. M. Cavender General Agent, The Robert Dollar Co. While total ship ments for the month of September amount ed to only 1 IS,970 tons, a reduction from the previous month, this may be consider ed a very satisfactory showing in compari son to 84,682 tons for the month of Sep tember last year. To Japan, there was again a good move ment of hemp. Lum ber and log shipments totalled nearly seven million feet, the best for several years. Tobacco and rope were slow, with little change in other commodities. To the Pacific Coast, coconut oil was very good. Copra dropped off considerably from the previous month, but the total was still well above the average. Cigar shipments both for local and overland delivery were good, and copra meal, hemp, and lumber fair. To the Atlantic Coast, coconut oil shipments amounting to over 16,000 tons were particularly good. Copra and lumber were fair, but hemp dropped from the excellent total of the previous month. Desiccated coconut was again fairly good. As was expected, centrifugal sugar shipments again dropped, less than 12,000 tons having moved. There was again a movement of refined sugar. To European Ports, copra and copra cake shipments were good but less than for the previous month. Hemp was excellent, totalling 53,768 bales. Lumber was better than for some months, and tobacco fair. From statistics compiled by the Associated Steamship Lines, during the month of September 1933 there were exported from the Philippine Islands the following: which 832 were curried ill American Bottoms with 9 which 15.702 were carried in American Bottoms with 9 which 777 were carried in American Bottoms with (> which 1,131 were carried in American Bottoms with 8 which 19,325 were carried in American Bottoms with 7 vhich 115 wi re curried in American Bottoms with 2 vliich _____ were carried in American Bottoms with which 37,882 were carried in American Bottoms with 14 THE PRESIDENT LINER WORLD-WIDE SERVICE FLEET AMERICAN MAIL LINE “The Short Route to America” To SEATTLE via CHINA, JAPAN and VICTORIA Pres. Cleveland - Nov. 22 Pres. Jackson - - Dec. 6 Pres. Jefferson - Dec. 20 Pres. Grant----- Jan. 3 Pres. Cleveland - Jan. 17 Travel “Presid^FLiner” Tourist Class Manila to Seattle or San Francisco only $200; with private bath, $227. “President Hoover” and “President Coolidge” Special Class at slightly higher fares. DOLLAR STEAMSHIP LINES EAST OR WEST TO NEW YORK Via China-Japan, Honolulu San Francisco Panama Canal Pres. Taft ------ Nov. 18 Pres. Coolidge - Nov. 29 Pres. Pierce - - Dec. 16 Pres. Hoover - - Dec. 27 Pres. Wilson - - Jan. 13 Via Suez Canal and Europe Pres. Monroe - - Nov. 27 Pres. Van Buren-Dec. 11 Pres. Garfield - - Dec. 25 Pres. Polk - - - - Jan. 8 Pres. Adams-----Jan. 22 PHILIPPINE INTER-ISLAND STEAMSHIP CO. SUPERIOR INTER-ISLAND SERVICE S. S. “MAYON” sails Tuesdays at 2 P. M. from Manila to Iloilo Zamboanga, Cebu, Iloilo back to Manila. FUTURE SAILINGS Nov. 21 Nov. 28 Dec. 5 Dec. 12 Dec. 19 Dec. 26 FOR BOOKINGS AND INFORMATION APPLY TO: THE ROBERT DOLLAR CO. General Agents Robert Dollar Bldg., Port Area — MANILA — Telephone 2-24-41 87 Escolta IN RESPONDING TO ADVERTISEMENTS PLEASE MENTION THE AMERICAN CHAMBER OF COMMERCE JOURNAL 22 THE AMERICAN CHAMBER OF COMMERCE JOURNAL November, 1933 Passenger departures from Manila for Sep tember 1933 show a decrease from last month’s figures in both first and intermediate classes— first class business showing a decrease of 29% and intermediate class a decrease of 22%. Third class departures are the same as last month. Compared with departures during September 1932, this year’s figures show a decrease of 12% in first class business and an increase of 52% in intermediate class. September 1933 third class business is down 9%. The following figures show the number of passengers who departed from the Philippine Islands during the month of September 1933: China and Japan................... 121 174 Honolulu.................................. 4 3 Pacific Coast.......................... 31 37 Europe via America.............. 6 6 Straits Settlements and Dutch East Indies............ 18 (i Europe and Mediterranean Ports beyond Colombo. ... 3 35 America via Suez................... 1 1 Australia.................................. 0 () Third 272 14 42 0 0 9 0 0 Totai.................................... 184 262 337 CHARTERED BANK or ,N“%• cah“.nta"al,a Capital and Reserve Fund............................................. £6,000,000 Reserve Liability of Proprietors... ......................... 3,000,000 MANILA BRANCH established 1872 SUB-BRANCHES AT CEBU, ILOILO AND ZAMBOANGA Every description of banking business transacted. Branches in every important town throughout India, China, Japan, Java, Straits Settlements, Federated Malay States. French Indo-China, Siam, and Borneo; also in New York. Head Office: 38 Bishopsgate, London, E. C. C. E. Stewart. Manager, Manila REVIEW OF THE HEMP MARKET By L. L. Spellman International Harvester Company of Philippines The following report covers the various hemp markets for the month of October with statistics up to and including October 30th, 1933. In Manila: The market opened firm enough with exporters buying all that was offered, but at the same time there was not a great deal of competition. Prevailing prices were: E, 1*12.00; F, P10.50; G, P5.50; II, P5.25; I, P7.75; JI, P6.50; S2, P7.75; S3, P6.25; J2, P5.25; K, 1’5.00; LI, 1’4.50; L2, 1’4.00; Ml, 1’4.25; M2, 1’3.75; DL, 1’3.50; DM, i’2.75. By the middle of the month the market was quiet but steady. Exporters were not at all anxious to buy and a great deal of the free hemp was going to speculators at about the following prices: E, 1’11.50; F, 1’10.50; G, 1’5.50; II, 1’5.25; I, 1’7.50; JI, 1’6.25; S2, 1’7.50; S3, 1’6.25; .12, 1’5.25; K, 1’4.75; LI, 1’4.00; L2, 1’3.75; Ml, 1’4.00; M2, 1’3.50; DL, 1’3.50; DM, 1’2.75. The month closed with the market rather weaker with sales being made at E, Pl 1.25; F, P10.25; G, 1’5.25; II, 1’5.00: I, 1’7.25; JI, 1’6.00; S2, 1’7.25; S3, 1’6.00; J2, 1’5.00; K, 1’4.75; LI, 1’4.00; L2, 1’3.50; Ml, 1’4.00; M2, 1’3.25; DL, 1’3.25; DM, 1’2.50. Dealers in the Bicol provinces were inclined to pay higher prices and were, no doubt, influenced by the small receipts in Sorsogon, Albay and the Camarines. To offset this, receipts in the Davao district continue to run heavy and there is undoubtedly a large supply of unsold hem]) in the hands of producers and dealers. Prices for Davao fiber range from 50 to 75 centavos a picul higher than ordinary fiber. The I’. K. Market: This market opened quiet. There was a fair demand for distant shipment but manufacturers were evidently not buying and the earlier positions were entirely neglected. Sellers were offering at E, £27.0; F, £25.10; G, £15.15; II, £15.10; I, £19.10; JI, £17.0; 82, £19.10; S3, £17.5; .12, £15.10; I<, £14.15: LI, £13.10; L2, £12.10; Ml. £13.10; M2, £12.5; DL, £12.0: MD, £11.0. There was an occasional lot of high grade sold and a fair amount of trading in the medium and lower grades through the month. By the 15th prices had changed very little, but toward the end of the month trading slackened off and prices declined slightly. The end of the month found sellers asking J2, £15.0; K, £14.10; LI, £13.0; L2, £12.10; Ml, £13.10; M2, £12.5; DL, £12.0; DM, £11.0. The V. S. Market: 'This market opened dull with sellers on the basis of F, 5-3 8 cents; 1,4-1 4 cents; JI, 3-5 8 cents. Buyers remained scarce and by the middle of the month the ex porters were anxious to make sales and were willing to shade prices. Ilousemarks were being offered freely at E, 5-3 4 cents; F, 5-3/8 cents; G, 3-3 8 cents; I, 4-1/8 cents; JI, 3-5, 8 cents Pampanga Bus Company, Inc. i Bus service from Manila to all Points I North in the Provinces of Bulacan, Pampanga, Bataan, and Tarlac. I Busses leave Manila station, corner of Azcarraga and Sto. Cristo Streets, every 15 minutes ‘ Careful Drivers-Reliable Service 1 Main Office: Manila Office: San Fernando, Pampanga 324 Kneedler Bldg. IN RESPONDING TO ADVERTISEMENTS PLEASE MENTION THE AMERICAN CHAMBER OF COMMERCE JOURNAL November, 1933 THE AMERICAN CHAMBER OF COMMERCE JOURNAL 23 with Davao hemp from 1/8 cent to 1/4 cent higher. The month closed with the market, dull and buyers not interested. Nominally prices had declined about 1/8 of a cent on the average, but in reality hemp could be purchased at least 1/4 of a cent below prices asked at the first of the month. The Japanese Market: This market re mained dull and inactive throughout the month with buyers taking full advantage of conditions in London and New York. They bought some hemp but only at prices below replacement value. Maguey: This fiber was rather neglected throughout the month. There is still no demand for Northern Maguey due to the low prices of Sisal, and oply an occasional sale of Cebu. Nominal price for No. 2 Cebu was P4.00 a picul and No. 3 was P3.50. It is understood that some of the Cebu houses were paying slightly better prices. Production: Receipts continue heavy and average throughout the month 27,250 bales per week. This is more than the world is con suming at the present time. Also, there is a gradual increase in province stocks, especially in Davao, which does not tend to help the situa tion. Freight Rates: There was no change in freight rates. The U. K. conference notified shippers that they contemplated making an advance but evidently the matter has been abandoned for the present. Cigars: Shipments during the ■ month to the United States continued to increase in comparison to the same month of 1932 and if nothing unforeseen happens it may be expected that by the end of the year the volume of last year’s shipments may be reached. However, the total value thereof will be much below the 1932 figures. Comparative figures are as follows: Period Cigars October, 1933................................. 28,358,346 October, 1932................................. 20,202,964 January—October, 1933................ 143,693,067 January—October, 1932......... 149,721,321 THE MANILA HOTEL LEADING HOTEL IN THE ORIENT Designed and constructed to secure coolness, sanitation and comfort under tropic climatic conditions Provides every Western convenience combined with every Oriental luxury Finest Dance Orchestra in the Far East Management ■ HUBERT C. ANDERSON 994,181 719,313 Statistics: The figures below are for the period ending October 30th, 1933: Manila Hemp 1933 Bales 1932 Bales On January 1st................... 167,007 111,417 Receipts to date................. 986,089 748,580 1,153,096 859,997 Shipments to ll K................................. 217,164 138,044 Continent......................... 151,293 96,231 U. S.................................. 257,864 181,467 Japan................................ 311,243 255,929 Australia........................... 12,231 12,269 Elsewhere......................... 22,886 13,373 Local consumption............. 21,500 22,000 TOBACCO REVIEW By P. A. Meyer Alhambra Cigar and Cigarette Mfg. Co. THE YOKOHAMA SPECIE BANK - LTD. ==^=^== (ESTABLISHED 1880) HEAD OFFICE: YOKOHAMA, JAPAN Yen Capital (Paid Up) - - - - 100,000,000.00 Reserve Fund .... 121,250,000.00 Undivided Profits - - - - 6,869,038.82 MANILA BRANCH 34 PLAZA CERVANTES, MANILA S. DAZAI Manager Telephone 23759—Manager Telephone 23755—Account <t Cashier Telephone 23758—Export 4 Import Dept. Telephone 23768—Deposit A Remittance Dept. Raw Leaf: No transactions of im portance were re ported. Export of leaf shows the fol lowing figures: Rawleaf, Stripped Tobacco and Scraps Kilos Australia........................... China............................... France............................... Gibraltar........................... Japan............................... Java.................................. North Africa................... North Atlantic (Europe) Spain................................. Straits Settlements......... Tonkin............................. United States.................. 2,850 4,258 229,632 67,460 177 630 67,286 13,231 1,063,131 476 53 88,862 1,538,046 Quality Printing is as essential to your business as well-tailored clothes are to the successful salesman. Attractive letterheads, bill heads, cards, envelopes, labels, etc., are silent but powerful salesman. Why not let them carry your message in the most effective way? The McCullough Imprint ensures quality printing and all that it implies. McCullough service means expert supervision and the intelligent hand ling of your printing problems. Whatever your printing needs may be, you are assured the utmost satisfaction when McCullough does the job. May we serve you? McCullough printing co. Division of Philippine Education Co., Inc. 101 ESCOLTA Phone 21801 MANILA, P. I. IN RESPONDING TO ADVERTISEMENTS PLEASE MENTION THE AMERICAN CHAMBER OF COMMERCE JOURNAL 24 THE AMERICAN CHAMBER OF COMMERCE JOURNAL November, 1933 LUMBER REVIEW By ARTHUR F. FISCHER Director of Forestry The active movement of lumber and timber for the foreign mancets registered the previous month was maintained during August. The total lumber and timber exports during the month under review was 8,254,008 board feet as compared with 3,506,056 board feet for the corresponding month in 1932, or an increase of 135%. The countries which registered notable increases in demand for the Philippine product are the United States and China. To the former there were shipped during August 2,700,032 board feet, as against only 34,344 board feet last year for the cor responding month. Shipments to Japan de clined 22% as compared with the same month the previous year, there being only 2,393,056 board feet exported to that country as against 3,084,176 board feet for last year. This makes the United States once more the premier market for Philippine woods, a position which she had lost to Japan two or three years ago. 2,279,424 board feet were shipped to China during the month under review as against only 55,968 board feet exported in August of last year. This large increase was due to the considerable expansion of industrial and construction activ ities in that country. Australia imported 724,616 board feet of Philippine lumber and timber during the month under review, which fact is significant as last year for the same month there was none shipped to that country at all. Demand from Great Britain showed some falling-off but this was partly offset by increased shipments to British Africa as compared with exports to the latter country in August of last year. is and TRAVE L LUXURY ci± Hour Cost r4 addition to coaches, standard Pullman sleeping cars, and ob servation-club car the NORTHERN PACIFIC RAILWAY now operates new-type, modern Tourist sleep ing cars between the Pacific Coast and Chicago. Electric lighted upper and k ’ seats, ing ro ROUTE OF THE FAMOUS CKortk Coast £ united One of America's finest trains, with every modern refinement and comfort in travel eguipment. R. J. TOZER. General Agent 657 Market Street, San Francisco. California Latest information received in the Bureau of Forestry is to the effect that the annual lumber quota for the Philippines under the National Recovery Act has been set at 47 per cent of the average importation for the years 1927, 1928 and 1929 and that prices for standard grades have been fixed. The above quota would allow the Philippines to ship every month a quantity which is slightly less than the present amount being exported based on shipments for the last two months, but prices would be much improved. Production by the local mills during the month under review advanced 50% over the corresponding period in 1932. This despite the fact that a number of mills are still shut down. Mill inventories, however, showed a reduction of 7% as compared with stocks at the end of August last year. ° Shipments of timber to Manila were quiet. As there is still comparatively a large timber stock in the city, this should tend to improve prices of first group timber, particularly Ipil, which recently had gone down slightly. The following statements show the lumber and timber exports, by countries, and mill production and lumber inventory for the month of August, 1933, as compared with the corre sponding month the previous year. COPRA AND ITS PRODUCTS By Kenneth B. Day and Leo Schnurmacher Owing to the continued heavy produetion of copra during the month of October, markets were weak for all products. Copba:—The production of copra during the month of October continued heavier than had been expected. The rice harvest in the provinces was somewhat delayed and this had probably considerable effect in the continuance of heavy production of copra. At the first of October, copra prices in Manila ranged from P4.80 to 1*5.00 Resecada. The tendency throughout the month was downward with prices dropping slowly each week until quotations at the end of the month were from P4.50 to P4.60 per 100 kilos. Arrivals in Manila during October total led 543,273 sacks, practically identical with the receipts for September and 34% more than the receipts for October, 1932. Receipts in Cebu were 330,894 sacks, a decrease of 11% from September production but an increase ot 16% over receipts for October of last year. Weather was generally good throughout the Islands during the month. The Pacific Coast buyers were bidding 1.50 cents on the first of October and there was some copra sold at this price. During the middle of the month quotations were reduced to 1.45 cents but the market strengthened towards the latter part of the month, the price ranging from 1.45 cents to 1.50 cents. The quotations from Europe were somewhat complicated by variations in Sterling exchange. The month opened with quotations around £8 for Sundried but there was a strengthening around the middle of the month and prices went up to £8/15/0 and even £9 was indicated. Towards the latter part of the month, the Eu ropean market was somewhat easier with the average quotation around £8/10/0 but fluctua tions in Sterling exchange made these prices more desirable and there was considerable copra sold to Europe in the latter part of the month. Shipments of copra during October totalled 34,000 tons which is identical with the average of the previous two months. Of the October shipments 14,000 tons were shipped from Cebu and the balance scattered from many provincial points. 22,000 tons went to the Pacific Coast and 7,000 tons to the Atlantic Coast of the United States, only 4,000 tons being shipped to Europe. Copra stocks on hand continued to OF COMMERCE JOURNAL, November, 1933 THE AMERICAN CHAMBER OF COMMERCE JOURNAL 25 the end of October. This is over double the stock carried at the same time last year. Coconut Oil:—The month opened with the New York market easy with offers of 3-1/4 cents c. i. f. New York for future shipments. The marxet was very quiet with little change during the month and buyers’ ideas at the close of October were 2-3/4 cents for shipment in the second quarter of 1934. The oil marxet on the Pacific Coast was weak throughout the month and closed with quotations around 2-1/2 cents. Shipments for October were 12,000 tons, of which 7,000 tons went to the Atlantic Coast and 2,000 tons to Gulf Ports? All mills were in operation during the month. Copra Cake:—As was expected, business in this article was completely dead during October. The mills haying sold the greater part of their production were not anxious to make sales at the very low prices indicated from Europe. There was some business done in meal on the Pacific Coast with prices continuously dropping to quotations of not over $15.00 at the end of October. There was some cake sold locally as low as P15.25 ex-warehouse Manila. Ship ments of copra cake and meal during October amounted to nearly 9,000 tons of which 7,000 tons went to Europe and the balance to the Pacific Coast. Desiccated Coconut:—The market during October remains steady but demands were falling of slightly from seasonal requirements. Shipments from the Philippines to the United States for the first ten months of 1933 totalled 201,389 cases as against 193,783 during the same period of last year. There are still moderate stocks on hand. Philippine factories continue to operate at approximately 60% of aggregate capacity. Shipments during October amounted to 2,100 metric tons. Cenerai.:—All dealers are expecting lower arrivals in the near future and hope for a better ment in prices from that cause. As long as the present heavy arrivals continue, there seems to be no possibility of better prices on any of the coconut commodities. How Leyte Got Its Air Field Governor General Murphy's championship of commercial aviation in the Philippines won the backing of the newspaper press at once. It is substantial backing in the provinces that is most needed to put the recommendation into practical effect. Iloilo is in the van of the movement; her aviation company with its two-a-weck round trips of a Stinson 12-passenger plane between Manila and Iloilo makes it possible to transact business by mail between these cities in a single day; the mail arrives from Iloilo in time for the answer to reach Iloilo by 4 p. m. the same day. There is also a 15-minute service between Iloilo and Negros. The Iloilo merchant may breakfast at home, spend the day in Negros, be back home in ample time for dinner. Naturally, the service is much used. This shows the value of landing fields to encourage extension of the service. Leyte has a landing field at Tacloban. It is the work of Walter S. Price, a veteran of the campaigns of the army in the Philippines, whose wealth has been made as a merchant at Tacloban and in the transportation business as president and 90% full owner of the Leyte Land Trans portation Company, Inc., a patron of this issue of the Journal. It was when, a few years ago, Leyte wanted airplanes at her carnival that the landing field was built, toaccommodatetheplanes. The army promised the planes if a field was provided. Price put 1,000 men to work on the field, with plows, harrows and the necessary carabaos; in two weeks, under the eye of an inspecting officer, the field was ready. The officer assured Price he had built the field in less time and at a fraction of the cost the same work would have required in the United States. Leyte has a landing field because she has a citizen in Walter Price who saw to it she got one. Fleets of 8 bombing planes have tested the capacity and fitness of the field. As no public treasury in the islands has much money to spend on landing fields, it is up to the good will of the communities to provide them. October Sugar Review (Continued from page 20) It was reported that owing to the severe typhoon which passed over the sugar districts in the Visavas, the crop in Negros, Cebu and Panay had suffered damage which some Centrals report may result in their districts in a loss of 10 per cent. House Bill No. 3120, known as the Sugar Limitation Law, was passed by the House on November 3, 1933, while Senate No. 374, the bill’s counterpart in the upper chamber was ap proved by the Senate on November 2, 1933. A conference committee composed of members of both houses of the Philippine legislature is now considering the two bills with a view of har monizing the provisions of same. The highlights of these bills are the limitation of the sugar pro duction in the Islands and the allocation of this limited production among the Centrals and Planters. Philippine Exports: Exports statistics for the month of October as reported to us from private sources are as follows. Long Tons Centrifugals............................................ 24,022 Refined.................................................... 3,142 Total for month................................ 27,164 The monthly exports of these two grades of sugar from the Islands to the United States for the crop year 1932-1933, from November 1, 1932, to October 31, 1933, are as follows, compared with those for the previous crop year: (Please turn to next page) GE 60 seems to be the most desirable age for retirement in the Philippines. THE INSULAR LIFE ASSURANCE COMPANY announces this month, “The Insular Life Retirement Plan” —a new policy providing a guaranteed monthly income after age 60 and ample protection for the family in case of premature death or total physical disability. Write to C. S. SALMON, P. O. Box 734, Manila, stating your age for an illustrated folder explaining in detail this new plan. IN RESPONDING TO ADVERTISEMENTS PLEASE MENTION THE AMERICAN CHAMBER OF COMMERCE JOURNAL 26 THE AMERICAN CHAMBER OF COMMERCE JOURNAL November, 1933 RELIEF 1C0 Insular C Sugar Cane Copra........ Coconuts... Molasses... Hemp........ Tobacco... Livestock. . Mineral Products......... Lumber and Timber. .. Other Forest Products.. Manufactures................ All others including LCL MANILA. 90-94ESCOLTA P.L MASONIC TEMPLE BROMURAL TABLETS; harmless. Sick nerves open the door to every kind of disease, wasting and collapse. Bromural Tablets calm your nerves, lay the foundation for ample and sound sleep hnd ensure your wellbeing. Don’t ne glect the first signs of exhaustion, but take Bromural Tablets for a little while. You will soon feel new vigour and new pleasure in life. No sedative is more prescribed than our perfectly harmless Bromural. Me dical men and users have said of Bromural for more than 20 years: “Safe and Sure.” Tubes of 10 and 20 tablets may be had from any good class chemist. KNOLL A.-G., Ludwlgshafen-on-Rhlnp FUn.«iULA: Urotropina 0-051—Benzoato litico 0-028—Sales piperacinicas 0-046—Fosfato disfidico 0-023—Escipiente efervescente q. s. para 1 pr. FOR HEADACHES EADACHE over or around the eyes, or at the back of the head, are eyestrain headaches and can be relieved by properly fitted glasses. Defective eyesight is present in seven out of ten pairs of eyes. These defects are physical and not pathological hence lenses correct the trouble. Consult our Optometrists and get the facts about your eyes. Always the best in quality but never higher in price RAIL COMMODITY MOVEMENTS By M. D. Royer Traffic Manager, Manila Railroad Company The volume of commodities received in Manila during the month of October, 1933, Manila Railroad are as follows: Rice, cavans................................... Sugar, piculs................................... Copra, piculs................................... Desiccated coconuts, cases............ Tobacco, bales................................ Lumber and Timber, B. F............ via the 10,544 6,588 34,625 831 190 22,761 The freight revenue car loading statistics for five weeks ending Oct. 21, 1933 as compared with the same period for the year 1932 are given below: FREIGHT REVENUE CAR LOADING NUMBER OF FREIGHT CARS FREIGHT TONNAGE INCREASE OR DECREASE 1933 1932 1933 1932 Cars Tonnage 799 452 9,013 5,239 347 3,774 59 49 660 428 10 232 134 62 3,952 1,852 72 2,100 1,982 887 36,556 16,282 1,095 20,274 2,046 1,664 16,206 13,196 382 3,010 208 125 2,749 1,474 83 1,275 9 144 266 4,056 (135) ,(3,790) 8 15 62 118 (7) (56) 36 46 407 350 (10) 57 21 25 105 134 (4) (29) 367 247 5,036 3,132 120 1,904 173 210 4,458 5,169 (37) (711) 9 5 69 31 4 38 117 113 1,387 1,358 4 29 3,219 3,207 21,177 24,232 12 (3,055) 9,187 7,451 102,103 77,051 1,936 25,052 SUMMARY 1,301 1,159 10,745 9,891 142 854 1,524 1,327 14,779 11,923 197 2,856 1,419 1,296 11,962 12,658 123 (696) 2,036 1,556 23,259 18,224 480 5,035 2,907 1,913 41,358 24,355 994 17,003 9,187 7,451 102,103 77,051 1,936 25,052 Note:—Figures in parenthesis indicate decrease. IN RESPONDING TO ADVERTISEMENTS PLEASE MENTION THE AMERICAN CHAMBER OF COMMERCE JOURNAL November, 1933 THE AMERICAN CHAMBER OF COMMERCE JOURNAL 27 Commodities PRINCIPAL EXPORTS ■ Monthly average for 12 montha Sept., 1933 Sept., 1932 previous to Septemoer, 1933 Quantity Value % Quantity Value % Quantity Value % Coconut Oil Copra...................................................... Cigar (Number)................................... Embroidery........................................... Maguey.................................................. Leaf Tobacco....................................... Desiccated and Shredded Coconuts. Hats (Number)................................... Lumber (Cubio Meterj).................... Copra Meal.......................................... Cordage.................................................. Knotted Hemp.................................... Pearl Buttons (Gross)......................... Canton (low grade cordage fibre).. . All Other Prodqfts............................... 16,850,079 14,261,403 18,461,893 28,494,793 24,739,453 632,501 812,011 1,780.377 94,989 9,216 9,036,073 612,297 33,357 60,230 630.477 P2.343.315 20.5 1,476,564 13.8 2,006,477 19.0 1,568,024 14.6 767,791 7.6 282,246 2.8 43,573 0.4 146,002 1.4 338,677 3.3 153,008 1.5 241,970 2.4 191,910 1.9 217,244 2.1 52,968 0.5 42,932 0.4 41,017 0.4 640,340 6.4 49,089,808 9,618,950 5,138,339 18,277,552 18,880,967 325,233 2,609,840 1,395,761 72,350 1,491 7,710,225 252,193 48,132 49,180 149,903 49 7 10 5 3 0 8 6 5 9 Total Domestio Products... United States Products........ Foreign Countries Products. Grand Total............................................................................................... P10,554,058 100.0 Sept., 1933 Sept., 1932 Monthly average for 12 months previous to September, 1933 Value Value Value Pl 1,981,367 99.5 68,085 0.5 5,985 P12.055.437 100.0 93,047,872 10,975,241 11,258,449 20,074,571 14,523,281 2 0 0 P17.234.090 100.0 CARRYING TRADE IMPORTS Sept., 1933 Nationality of Vessels Sept., 1932 Monthly average for 12 months previous to September, 1933 Cotton Cloths................... Other Cotton Goods........ Iron and Steel, Except Machinery..................... Rice..................................... Wheat Flour..................... Machinery and Parte of.. Dairy Products................ Gasoline............................. Silk Goods......................... Automobiles....................... Vegetable Fiber Goods... Meat Products................. Illuminating Oil............... Fish and Fish Products .. Crude Oil........................... Coal..................................... Chemicals, Dyes, Drugs, Etc................................... Fertilizers........................... Vegetables......................... Paper Goods, Except Books..................... .. • ■ • Tobacco and Manufac tures of........................... Electrical Machinery.. .. Books and Other Printed Matters........................... Cars and Carriages *... .. Automobile Tires............. Fruits and Nuts............... Woolen Goods.................. Leather Goods.................. Shoes and Other Foot ware................................ Coffee........................... ■ • ■ Breadstuff, Except Wheat Flour............................... Eggs.................................... Perfumery and Other Toilet Goods................ Lubricating Oil................. Cacao Manufactures, Ex cept Candy................... ■ Glass and Glassware.. .. Paints, Pigments, Var nish, Etc........................ Oils not separately listed. Eartbern Stones and Chinaware..................... . Automobile Accessories.. Diamond and Other Pre cious Stones Unset.. .. Wood, Reed, Bamboo, and Rattan.................... India Rubber Goods.. .. Matches............................. Cattle................................. Explosives.......................... Cement............................... Sugar and Molasses........ Motion Picture Films. .. Other imports.. .......... 288,170 187.453 216,800 126,413 129,739 227.889 72,537 104,725 98,176 10 9 Pl,547,563 943,356 12.7 7.7 Value Value % Value % Total. 7 0 7 2 8 7 9 0 2 ) American. . British........ Japanese... Dutch........ German.. .. Philippines. Spanish . .. Swedish.. .. Portuguese. Panaman . . Italian........ Belgian.. .. 24 29 10 20 0 2 2 0 9 0 35 1 5 9 0 9 9 1 0 7 32 34 8 5 0 2 8 0 2 2 5 5 2 1 0 8 2 2 8 0 3 0 0 1 0 7 0 0 2 9 1 0 2 0 0 7 0 7 0 1 9 264,797 694.296 292,846 106,696 393,822 132,320 101,877 20,070 50,287 5,288 16,143 77,604 800,905 2 2 2 5 0 1 0.5 0.5 2. 1 0.5 18,370 38,261 132,185 108,991 0 1 0.8 330,890 273.467 243,684 269,040 275,373 317,218. 46,569 83,550 100,610 93,012 29,105 By Freight.... By Mail.......... Total. P12.902.547 100.0 P13,173.954 100.0 P12.344.322 100.0 2.2 2.5 0.7 0.7 0.3 0.6 0.8 0.7 0.2 0.‘ TRADE WITH THE UNITED STATES AND FOREIGN COUNTRIES Porte Sept., 1933 Sept., 1932 Monthly average for 12 months previous to September, 1933 Value Value EXPORTS Sept.. 1933 Nationality of Vessels American. . British........ Japanese... German.. .. Norwegian. Spanish.. .. Dutch........ Philippines. Chinese.. .. Swedish.. .. Panaman .. By Freight. By Mail. .. Total. Value 162,629 101,824 671,787 4,067 Sept., 1932 Monthly average for 12 months previous to September, 1933 % 45.0 21.4 8.5 10. 1 1.0 5.7 1. Value 250,712 6,984 9,750 63,293 241,887 124,423 % 2. 1 .0 P4.991,977 4,137,622 4,252,941 257,910 2,305,398 2 2 0 5 0.8 0.5 3.5 1.0 L9 TRADE WITH THE UNITED STATES AND FOREIGN COUNTRIES Countries Sept., 1932 Monthly average for 12 months previous to Septemoer, 1933 Value Value Value Iloilo.......... Cebu.......... Zamboanga. Legaspi.. .. United States........... United Kingdom.. .. Japan.......................... China.......................... French East Indies. Germany................... Australia................... British East Indies. Dutch East Indies. Netherlands............. Italy......................... Hongkong................. Belgium.................... Switzerland.............. Japanese-China. .. . Sweden..................... Canada..................... Norway..................... Austria..................... Denmark.................. Other Countries .... 71 7 5 9 2 0 0 0 0 75 2 7 6 2 Total. Total. 28 THE AMERICAN CHAMBER OF COMMERCE JOURNAL November, 1933 BUSINESS AND PROFESSIONAL DIRECTORY Kerr Steamship Co., Inc. General Agents “SILVER FLEET” Express Freight Services Philippines-New York-Boston Phil:ppines-San Francisco (Direct) Roosevelt Steamship Agency Agents Chaco Bldg. Phone 2-14-20 Manila. P. I. Myers-Buck Co., Inc. Surveying and Mapping PRIVATE MINERAL AND PUBLIC LAND 680 Rizal Avenue Tel. 2-16-10 INFORMATION FOR INVESTORS Expert, confidential reporta made on Philippine projects ENGINEERING, MINING, AGRICULTURE, FORESTRY, LUMBER, ETC. Hydroelectric projects OTHER COMMERCIAL AND INDUSTRIAL ENTERPRISES BRYAN, LANDON CO. Cebu, P. I. Cable Address: "YP1L,” Cebu. Manila Wine Merchants LIMITED P. O. Box 403 Head Office: 174 Juan Luna Manila, P. I. Phones 4-90-57 and 4-90-58 Branch Store: 39 Alhambra opposite Elks Club Phone 2-17-61 PHILIPPINES COLD STORES Wholesale and Retail Dealers in American and Australian Refrigerated Produce STORES AND OFFICES Calle Echague Manila, P. I. It ® « 41 CHINA BANKING CORPORATION MANILA, P. I. Domestic and Foreign Banking of Every Description HANSON, ORTH & STEVENSON, INC. Manila, P. I. Buyers and Exporters of Hemp and Other Fibers Chaco Building — Tel. 2-24-18 BRANCHES New York — London — Merida — Davao THE AMERICAN CHAMBER OF COMMERCE JOURNAL --------♦-------P.O. BOX 1638 TEL. 21126 International Harvester Co. of Philippines formerly MACLEOD & COMPANY Manila—Cebu—Vigan—Davao—Iloilo Exporters of Hemp and Maguey Agents for INTERNATIONAL HARVESTER CO. Agricultural Machinery MADRIGAL & CO. 8 Muelle del Banco Nacional Manila, P. I. Coal Contractors and Coconut Qil Manufacturers MILL LOCATED AT CEBU P. O. Box 1394 Telephone 23070 J. A. STIVER Attorney-At-Law-Notary Public Certified Public Accountant Administration of Estates Receiverships Investments Collections Income Tax 121 Real, Intramuros Manila, P. I. “LA URBANA’’ (Sociedad MOtua de Construcci6n y Prtstamos) Prestamos Hipotecarios Inversiones de Capital Paterno Building, Calle Helios MANILA, P. I. The Earnshaws Docks and Honolulu Iron Works Sugar Machinery Slipways Machine Shops Port Area Manila, P. I. IN RESPONDING TO ADVERTISEMENTS PLEASE MENTION THE AMERICAN CHAMBER OF COMMERCE JOURNAL i Not Merely Travel When you plan a trip, either on business or for pleasure, consider the means of transportat ion as carefully as you consider your journey. Look for ( omfort and Safety in a Dependable means of Transpor tation. These are important features found in Manila Railroad coaches ri:mi:airi:r also which arc provided with all travel conveniences. For parties preferring to travel by train a RECREATION CAR appropriate for Dancing and Music during the trip is furnished without additional charge. our RADIO and TELEGRAPH SERVICE is offered to you when other means of communications are not available in your hours of need. and railroad shippers are accepted for transmission only when Government telegraph offices are closed on Sundays and holidays and outside of business hours. Very convenient for persons desiring to communicate with pas sengers on board a train or a Company’s ship. Commercial telegrams from persons other than train passengers For further information, inquire from the local station agent or call up Telephone 4-98-61, Central Office, 943 Azcarraga, Manila. MANILA RAILROAD COMPANY The Red Cross Needs You Today But You May Need The Red Cross Tomorrow! BEWARE OF IMITATIONS THE REAL "OLD PRESIDEHTES” CIGARS ALWAYS CARRY THE BAND WITH THE GUARANTY OF La Insular, Inc. IN RESPONDING TO ADVERTISEMENTS PLEASE MENTION THE AMERICAN CHAMBER OF COMMERCE JOURNAL "'"Me > general TIBL1S From eight to ten per cent of what it costs to run your trucks is spent for tires. General tires have the strength and endurance to run more miles— save you real money. Let us quote you prices on General Truck Tires Pacific Commercial Company Distributor ZINC META ARSENITE Prevent DECAY With Slop ANAY PREVENTS DESTRUCTION OF WOOD FROM ATTACK BY ROT, TERMITES, WHITE ANTS OR ANAY, AND BOK-BOK STAMPED on lumber means THAT IT HAS BEEN PRESSURE TREATED^. WITH A WOOD PRESERVATIV OF EXCEPTIONAL MERIT. ^jjgjLUMBER IS PERMANENTLY PRO TECTED AGAINST ALL FORMS OF ROT AND INSECT ATTACK. IT IS CLEAN AND TAKES PAINT OR VARNISH AS SATISFACTORILY AS UNTREATED WOOD. A NEW INTERNATIONAL LUMBER TRADE MARK ZM Aprevents attack by anay and bok-bok. Tests have shown that only a very small quan tity of 7\1 Als necessary to kill termites or »nav. ZM Adoes not change the strength, physical appearance, nor any other characteristics of the wood and has the added advantage of LUMBER IS ROT PROOF 4^ lumber is paintable LUMBER IS ODORLESS 4$^ LUMBER IS PERMANENT 4^ CURTIN-HOWE CORPORATION Timber Preservation Engineers New York. N. Y. making it somewhat fire resistant. ZM Aluniber may be used unpainted since it is colorless or it may be painted or finished in any manner desired. ZMAlumber is PRESSURE TREATED and as such is not to be confused with open tank, dip. spray or brush treatments. Unless lumber is PRESSURE TREATED it is not permanently protected against decay and anay. ZMAis practically insoluble in water and hence permanently present in the wood to protect it during the useful life of the structure. ATLANTIC GULF & PACIFIC COMPANY OF MANILA Sole Licensee 71-77 Muelle de la Industria Philippine Islands Manila, P. I. IN RESPONDING TO ADVERTISEMENTS PLEASE MENTION THE AMERICAN CHAMBER OF COMMERCE JOURNAL