The gold leaf. [volume] (Henderson, N.C.) 1881-1911, 1907-10-10
THE GOLD LEAF
THURSDAY, OCT. 10, 1907.
Comparatively New Products From
Corn.
Wilmington Star.

New uses for corn tends to keep the
price up, and it makes no difference
how great the supply is the demand
can hardly be supplied. The supply
this year is said to be short, and with
the demand for corn for manufac-
turing purposes, the prospects are
that corn will be corr-in price.
Many people probably do not know
that millions of bushels of corn are
now being used for manufacturing
starch, glucose, grape sugar and
other proucts, even the stalks and
cobs being utilized in some products.
1t is announced by the New York
Journal OfCommerce that it is now
more than probable that the long
delayed corn products refining works
at Summit, III will be commenced.
President f. T. Bedford estimates
that the cost of these works will
range between S3,OOO,OOO and So
100000. The construction OF the
various buildings, which will number
about thirty, all told, will be under
the supervision OF g. f. Chamberlain,
engineer of the Corn Products Rein
ing Manufacturing Company. These
works, which it is said will be the
largest Of their kind in the world,
will consume II, 100000 gallons OF
water daily. They will turn out all
the primary products handled by the
Corn Products Manufacturing Rein
ing Company, all the grades of giu-
cose and grape sugar, and will have
capacity Of 10000 bushels of corn
daily.
This project has been delayed, ow-
ing to the uncertainty as to whether
the company could obtain sufficient
water supplies at Summit to operate
the different plants. Extensive tests,
covering a number of months, have
been made by staff Of engineers un-
der the direction of Mr.. Chamberlain,
drilling wells to find out if the com
pany could be provided with an ade-
quate water supply on the site, and
the engineers have submitted favor |
able report. These tests, it il said,
have been conducted at IL cost of "a |
comparatively large sum.
Upwards OF 10000 tons Of steel
will be used i'll the constitution work,
bids for which will be received by the
corporation in the course OF IL month
or 40. With the completion of the
works, which will employ over 900
men, the Chicago plant, valued at
about 81, 800, 600, will be dismantled.
1t is stated that the proceeds from
the sale OF this property will be used
in the building of the proposed So
600, 900 plant.
From statements made in New
York this week it would appear the
business OF the company is very good,
although the profits accruing from
the same are kept down owing to
the higher cost OF corn. The com
pany's output covering its various
commodities during the past year
shows an average increase of 10 to
10 per cent. The receipts since the
issuance OF the annual report, which
covered the operations up to March
l last, also make Il favorable show
ing. The Pure Food law operated
against the company for d while,
but now that matters have been adj
lusted to the new conditions, it is
looked upon with much favor with
the officers of the company.
President Bedford, OF the Corn
Products Company, was in New
! DIRK on Tuesday and made the fol-
lowing statement:
1.-The outlook is encouraging from
the standpoint OF business, the com
pany is doingin its numerous special
les, especially in starch and syrups,
jhe demand for which has so increased :
hat the various works producing ,
hem have had to be increased. =
This is particularly true of our :
plants at Davenport, Md, and Os- !,
vego, n. Y. When our Summit plant ,
completed our combined grinder ;
apacity will approximate 10000
bushels OF corn daily" g
A plant OF IS, 100000 is a big con- :
ern butitisprobable that altogether Y
It least 81, 100000 are now invest n
d IN manufacturing different pro- n
ucts from corn. :