Evening star., 1923-04-30
PRODUCTION BOOM
IN VEGETABLE OILS
} Value of Years Output May
Reach S165,OO ,O0O-HeIps
Cotton Acreage.
BY j. G. ROYLE.

Special Dispa tch to The Star.
NEW YORK, April 30.--Producers
and manufacturers of vegetable fats
and oils are prepared for the greatest
year they have ever known. The in
crease in consumption of vegetable
fats has been such in late years as
TO make it one of the great businesses
of the country and has enhanced the
value of vegetable oils at least so
per cent.
The people OF the United States
will purchase at least $165.000.000
worth of vegetable fats this year."
r. NJ. Barnes, head of the edible oils
and fats division of the Proctor & Gam
bic Company said today. This is S1.5O
Tor every man, woman and child In
the United States. The total con-
vegetable. probably will be between
$3.50 and SIS for each inha abitant.
Vegetable Fats Gain in Use.
The consumption of vegetable
fats now has reached 70 per cent of
the lard consumption. and this does
not include the vegetable oils used
IN cooking and salads. which swell
1he total vegetable fat consumption
by 121,000.000 pounds every year. The
total consumption of edible fats and
oils In the United States for the pres
ent year will be about 4,600, 900 900
pounds, of which amount over half,
or $2,96o, 900, 600, will be used for cook
ing. Whereas twenty-five years ago
lard was almost exclusively used for
cooking, 1t now forms only $3.50 per
cent of the total for that purpose"
The basis of much of the vegetable
fats and oils is cotton seed. and the
increased cotton acreage this year is
being paralleled by active prepara-
Iion for increased production in the
cotton seed mills.
Speculative Buying Checked.
Distributors of dozen basic com
modities and manufactured products
agree today that the Slackening of
wholesale buying throughout the
country. which has been a feature of
the business situation for two weeks.
represents check not to buying for
consumption, but to buying for specu-
lation. Prices and conditions have
progressed far toward relative sta
bility. and the opportunity for sweep
ing speculative profits and the prob
ability of extraordinary price changes
either up or down have been ma
terially lessened.
This is we'll illustrated in the textile
trades The amount of cotton, wool
and silk actually going into con-
sumption is such that speculative
buying by manufacturers evidently
has been reduced to a minimum.
Voluntary Daylight Saving.
Scores of cities throughout the
country went voluntarily on a basis
of daylight saving time today. ire
spective of lack Of city ordinances
providing for this change in sched-
ule OF state regulations prohibiting
changing of clocks.
In Philadelphia, for example. clocks
were not changed, but banks, stock
exchanges commercial houses, stores
and factories opened for business one
hour earlier than usual and closed an
hour earlier. All banking institu-
tlons nave some one in charge an hour
after their closing time to accom-
modate out-of-town banks care for
maturing paper and provide for any
legal technicalities
Thus the agricultural sections will
observe standard time and the citv
residents will select the hours for
labor they desire in scores Of dis
tricts
shippers to Save Millions.
SAN FRANCISCO. April 30.-Ship-
pers expect to save millions of dol
IarS annually on rates between CEN
and San Francisco when the sIO.-
100000 cutoff bridge is completed
across lower San Francisco bay. The
structure, contract for which has just
been let, will be for vehicular traffic
only 1t will be six miles long and of
concrete, and will stretch from Little
) Coyote Point on the San Francisco
! peninsula side to Alamenda county
on the mainland. A drawbridge in
the center will permit passage of
ships
When the great span is opened to
traffic in three years 1t will save ap-
proximately sixty miles of travel
for automobiles between here and
interior California points.
New Steel Plants Planned.
DETROIT, Mich, April 3O.-The
second step toward the production of
steel In Michigan district comes with
the announcement that 1,S00-ton
strip steel mill will be constructed
in the near future in lower Detroit
The Detroit Steel Corporation has
purchased about twelve acres of land
and Will erect three plants-a cold
rolling mill, eight by $50 feet, an
annealing furnace building and
picking unit of similar dimensions.
Contracts for the machinery have
been let to eastern firms.
When the plant is operating in Oct
ober, 1t is expected that the Michigan
steel Corporation also will be max
ing sheets, and that thus automobile
companies can fill requirements right
at their doors. Much of the output
of the new strip mill will be taken
by adding machine and typewriter
companies here.
Copyright, 1927