Evening star., 1933-01-29
MARKETF0RS SUGAR
SHOWING STRENGTH
World Statistical Position of
Commodity Has Recently
Been Improved.
Special Dispatch to The Star.

special DlSpatcn TO Inc Star.
NEW YORK, January 2s.-Steadi-
ness in sugar prices currently reflects
the improving world statistical position
of that commodity. The trade today
estimated that the 1932-1933 world
crop of 23,S83,424 long tons will be at
least 100000 long tons below require
ments during that period.
Brokers along Front and Water
streets received these statistical esti-
mates gladly. for raw sugar consump-
ton in this country, for the first time
in ITO years, has shown three success
sive annual declines. Naturally, the de-
line in use here, accompanied in the
middle of 1882 by the lowest raw sugar
quotations on record, adversely affected
world trade because the United States
is the largest sugar consumer.
Crop Estimates.
Cheering current crcp and consump-
ton estimates came SimupltaneouS with
the news that the Chadbourne restric-
tion plan, which included Cuba, Peru,
Java and European exporting countries
except Russia, appears to be working
out ahead of scheduled time. Euro
pean cables indicate that the sugar
surplus there will be eliminated this
year, while the Chadbourne plan had
looked for the surplus to disappear
about 1885.
Wall Street soured some yeass ago at
break in sugar prices which t.ok with
it millions of dollars of the ponds in
producing companies. So the
word went out today not to pay too
much attention to President Machado's
decree fixing 100000 tons as the
quota of Cuban mills for the 1888 crop.
Banks said they would finance less
sugar grinding operations than they
did last year. The banks added that
unless raw sugar prices greatly i'm
prove between now and February 20,
the last day on which Cuban mills by
presidential decree can start grinding,
the island will not produce 1000, 900
tons.
Over period of ITO years sugar con-
sumption in this country has increased
at an annual average rate of 4,875 per
cent, but in 1930-when world sugar
production reached peak of %, ,789, ,430
tons-this country used only 5,599,377
tons, or 2.218 per cent less than in 1929
in 1881 only 5,475,204 tons, a drop of
3.641 per cent, and in 1882 only 5,2l3,-
961 tons, or decline of 4.771 per cent
In other words the per capita sugar
consumption of this country last year
was only 1929 pounds, which compares
with 1898 in 1929 and 109.30 in the
peak year Of 1926.
New Uses Sought.
The world glut of sugar the last few
years has caused laboratories to search
for new uses for the commodity Tests
have been made of mixing it with
cement, which is said to double the
strength Of the latter and thereby
cheaper building. Sugar now is being
used to make synthetic citric acid.
Scottish firm of bagpipe makers sea-
sons its bags with sugar, declaring it is
the only substance which assimilates
the moisture in the breath and dries
slowly.
Research workers at the Mellon In
stitute of Research, Pittsburgh, said
that by "sweeting" plaster and mortar
with sugar it was possible to increase
the strength of structure 60 per cent
and lengthen its life. One company is
said to be making with sugar such
articles as transparent rubber, plastics
artificial leather, paints, varnishes, non
inflammable celluloid and shatterproof
glass. Plastic material obtainable from
sugar, it is said, can be made into
fountain pens, lamp shades and table
and desk tops. These have not been
produced commercially, but laboratory
progress indicates their probable success
(Copyright. 1882