New-York tribune., 1922-11-26
Bagasse Factory
AT New Orleans
To Build Addition
Enlarged Plant VIII Make
100000 Square Feet of
Bnilding Board Daily
From Sugar Came Refuse
speotol Finaneaol ctortsspondsaea

NEW ORLEANS, Nov. 2S.---An an
nouncement Of considerable Industrial
Importance IS made by the Louisiana
Ceiotex Company, to the effect that t
viii shortly begin work on a 81 900 600
extension. This will double the pres
ent investment and triple the OUTPUT
lhls plant was established at Ames
Just across the river from New Orleans,
little more than year ago II makes
building board from bagasse, which Ia
the refuse left from sugar cane after
the juice is removed
The enlarged plant will employ about
800 workmens buy 1000 carloads of ba-
gasse year from Louisiana sugar
planters and turn out an output of
100000 square feet day. Originally
the company planned to build a chain
OF snese factories in different parts os
the sugar belt, but has decided to con.
centrate it's production here because of
the shipping facilities.
Rice exports of New Orleans during
October, though below the total for the
same period last year, showed an ad
vance over September. The exports
were: Foreign 1928 pockets: Porto
klco, s3,S87 pockets; New York, 124,91B
Rockets; Pacific Coast, 19,017 pockets
BESIDES Porto Rico, the principal for
elgn markets. are Cuba and South
America. The domestic demand Ia only
oh hand-to-month basis, the home
trade considering that prices are too
high. The producers, however. main.
Tain an uncompromising attitude. their
packs stitfened by the financing plans.
now being worked out, that will enable
ehem to hold their rice and market it
gradually at the best figures, instead Of
aumplng it on the, market in one de-
pressing lump.
reports. from New Orleans indus
trles are to the effect that pay roll is
being steadily il slowly Increased.
Ihe Wholesale trade reports a fair
increase in business, with purchases
increasing in spite of the general rise
in prices.
The big interest in business circles
here is the cotton situation. and tbe
recent advances have been 80 COM
tlnued and so great that those who a
rev dew weeks ago were skeptica about
1o-cent cotton are now talking en-
tnusiastlcally about q 30-cent staple.
although there is pessimistic note
from Europe, where, t is said the
textile industry cannot afford cotton
above 20 cents and will be forced TO
cut Its purchases until there is a lower
price level.
me Figor OF the general business
situation is reflected in the bank clear
ings, which are more than 500 900, 600
In excess of those for the first ten
months, OF last year. Total clearings
through October were s1,913,978, $50.
Gle SClleearings in October alone were s245,-
Ss3 ,s96, or nearly s33,O0O,O00 in excess
OF October, 1921
AS November and December are the
heaviest business months of the wear.
1t may be safely forecast that the total
ccaearlngs cna adng this year will pass the $2,-
1t is estimated that New Orleansss
Chrlstmas purse this year will be at
least S4,o00,000. This includes ali
gifts, from toys for the kiddies. to
gingham dresses, for the cooks. Christ
mas mas sayings clubs will distribute more
than $2,00o,o00 during the first week
in December.
Bond sales on the local stock ex-
change during the first nine months Of
i922 were $3,l4l, ,18N. greater than dur
ing the same period last year. The
total was S8,611 ,040.