Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-06-14
|CHADBOURNE SEES
SUCCESS IN SUGAR
RESTRICTION PLANS
Author of World Control Pro-
poSaI Believes Surplus
viii DWIndIe.
TOTAL CROP REDUCTION
OF 1000, 900 TONS SEEN
Careful Check ON Exports Is Elk.
pected to Halt Decline in
All Markets.
BY JOHN F. SINCLAIR.


NEW YORK, June 13.-Thomas L.
Chadbourne, author of the so-called
Chadbourne plan for the world control
Of sugar, Is not discouraged over the
fact that sugar prices have not re-
sponded go far to his stabilizing plans,
an interview with him discloses-in fact,
he believes that in a few months the
effects will be very marked.
When I first interested myself in
the sugar problem" said Mr.. Chad
bourne, sit was manifest that the trou-
BILE with the industry was not so much
that the world had lost consumption,
but that production of sugar had in
creased rapidly over consumption re-
quirements, resulting in large stock &C
foundations. Let me show what mean
by giving the worlds latest statistics on
sugar compiled by F. o. LIGHT, recog-
nized sugar authority:
1s2s-1sso 1s2s-1s2s
Initial stock. $50. 7.504.159 6,240.5o0
Production 6,cv3,922 81, 4e9, 5e8
Consumption ....25.5l0,795 26,080 $50
Final stock. ...... 8,775,249 7,504159
These are the latest figures avail
able"
Mr.. Chadbourne paused q moment
and then continued:
mates and reliable data regarding the
stocks and consumption of sugar dur.
ing the world crop year, beginning
September l, 1890, and ending August
81, 1881, every indication justifies u
IN assuming that consumption has not
lost ground"
Plan to Control Stocks.
During the past IL months Mr.. Chad
bourne iTA6 fhA ~
nearly every sugar-growing country to
accept the Chadbourne plan for con-
trolling surplus stocks, and Cuba, WHOSE
chief product is sugar, has agreed to re-
duce its crop about ], $50 900 tons. De-
spite all this, however, the estimated
product for the entire world shows a
net increase of approximately 1000.
600 tons. This large increase is due
TO unexpected yields in the European
beet fields.
Mr.. Chadbourne was asked to con-
tinue his explanation of the worldj
| situation up to date.
The first important phase of the so
called Chadbourne plan is the se2rega-
ton or withdrawal from the export
market Of surplus stocks. This part
has been accomplished, and an inter-
national agreement has been signed
which provides for the withholding of
the following surplus stocks from
export:
Europe MISREPRESENTATION. 7s6.0O0 Tons
Cuba ........................ 100000 Tons
2,5s6.Ooo Tons
*The above 100000 tons surplus of
Java was not from the grinding season
they are now in but from the last crop.
The present grinding season will add
an estimated further 100000 tons,
which Java has also agreed tn withhold
from export. The total Java segregation
will be about 100000 tons at the end
of the present grinding season.
Mr.. Chadbournc continued: ut is
plain to be seen that the worlds stock
increase in the last three years of about
l $780, 900 tons has been answered by the
withdrawal of over 100000 tons. The
liquidation of the surplus stocks is al
lowed for in the export quota at the
| rate Of one-fifth each year for the five
years Of the international agreement.
Fixed Export Quotas.
Cuba will continue its restrictive
measure due to fixed export quotas, so
| that the total crop reduction will ap-
proximate 100000 tons" he replied.
Looking at the production increase
| during the three-yeaF period first tabu-
lated, of about 100000 tons, and an
other million tons for 1881, not included
in the estimate, it is quite evident the
sugar industry has corrected itself on a
sound premise
with the withdrawal of surplus sugar
from export and the production de-
! now in much more favorable condi-
| ton"
! Copyright, 1891. by North American News
| paper Alliance. Inc)