San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-04-30
Industry Is Now One Of
the Greatest Businesses
in Country.
CITIES SAVE DAYLIGHT
Slight Buying Slump Will
Be Check to Specula-
ton, Is Belief.
BY j. c. ROYLE.

New York, April 3O.-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 80 per
cent.
The people of the United States
will purchase $16j,O0O.000 worth of
vegetable fats this year. +. NJ.
Barnes, head of the edible oils and
fats division of the Proctor & Gam
bic company said today.
This is $1.50 for every man, wom-
an and child in the United States.
The total consumption of fats, both
animal and vegetable, probably will be
between $3.50 and SIS for each in
habitant.
Vegetable Fats Gain on Lard.
The consumption of vegetable fats
now has reached 10 per cent of the
lard consumption and this does not
include the vegetable oils used in
cooking and salads which swell the
total vegetable fat consumption by
12I ,O0U,UUU pounds every year. The
total consumption of edible rats and
oils in the United States for the pres
ent year will be about 4,60O,00U,OOO
pounds of which amount over half,
or 1850 ,000,0UO pounGs will be used
for cooking, whereas 20 years ago,
lard was almost exclusively used Tor
cooking it now forms only AS 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 preparation
Aipr increased production in the cot
SYton seed mills.
Distributors of n dozen basic COM
mCdities 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 a check. not TO buying for
consumption, but to buying for spec
ulation.
Prices and conditions have prog
rcssed far toward relative sterilization
and the opportunity for sweeping
speculative, profits and the probability
of extraordinary price changes. either
up or down, have been materially
lessened.
This is well ILLUSTRATED in the tex.
tile trades.
The amount of cotton, wool and silk
actually going into consumption is
such that speculative buying by manp-
facturers evidently has been reduced
to minimum.
Voluntary Daylight Saving.
Scores of cities throughout the
country went voluntarily on basis
of daylight savings time today. ire
spective Of lack of city ordinances.
providing for this change in schedule
pr state regulations prohibiting
changing Of clocks.
In Philadelphia, for example,
tlccks were not changed, but banks,
FtOck exchanges, commercial houses,
torres and factories opened for bust
less one hour earlier than usual and
losed an hour earlier.
All banking institutions have some
me in charge an hour after their
losing time to accommodate Out-of-
own banks to care for maturing pa
er and provide for any legal tech
icality.
Thus the agricultural sections will
bserve standard time and the city
esidents will select the hours for
pss they desire in scores of dis
Ficts.
No important labor difficulty seems
prospect as May !. when many
Id wage agreements terminate, ap-
reaches.
Increases in wages have been al
POST universal in the majority of in
ustries and in many cases these have
cen made voluntarily by employers.
Labor leaders do not profess them
lives as satisfied with these colt
Pssions, but the wages throughout
be country in many instances are far
bove the fired scale and individual
orktrs busily employed and with
iertime and bonuses at their COM
and, are not impressed with the
ecessity of arbitrarily fixing mark
low what they find now in their
by envelopes.