Show PROSPERITY FOR OR SUGAR FORECAST Thomas L. L Chadbourne Expresses Expresses Ex Ex- Ex- Ex presses Confidence in Plan to Limit Production By RA RAYMOND J. J CROWLEY Associated Press Iress St Staff Writer NEW YORK Jan 13 13 Thomas Thomas L. L Chadbourne author of the Chadbourne Chadbourne Chadbourne Chad- Chad bourne plan to restore sugar prosperity prosper prosper- ity Hy returned today from conferences in Europe expressing confidence that another year ear should see the sugar business out of the woods I am quite certain that further limitations upon both export and production which the situation now obviously requires s will be made he declared Mr Chadbourne a New York lawyer lawyer law law- yer went vent to Europe for the meeting of or the international sugar council in Paris Last month the council adjourned ad without date to assemble additional data required to enable the council to make decisions on the vital questions remaining unsettled Mr Chadbourne said these questions questions ques ques- revolve around the problem of what further limitation upon sugar production and exportation is necessary necessary sary in view of or the present economic situation in order to establish an au equilibrium between world supply and demand He lie said Java Ja was the crux of the plantings s problem He declared the council would meet again ngai probably between February ary 1 I an and February 15 and said he would attend if it was necessary Commenting on the present sugar sugar situation he said Java and Cuba to together gether at the beginning of or the new crop s season ason will have on hand sugar to produce which cost more than If that sugar could be I sold at present prices it would yield only a loss of at nt least 44 If this same sugar were to be dumped on the present saturated markets there would v be such demor demor- in prices that the greater part or the whole of this huge cost cost- investment would be lost It is clear the only way by which Java or Cuba can save themselves from from f further disastrous losses losses' is b by restricting new production to a point which will make possible the marketing market market- ing of these unsold surpluses at the earliest possible moment and before further lurther stocks accumulate |