Spring brought grave storm warnings to the industrial alcohol industry. On Nov. 1 stocks of alcohol on hand were below the previous year, standing at a comfortable 16,750,000 gal. A warm winter plus Depression caused a change in this situation. At the start of last week stocks of alcohol according to the Journal of Commerce were estimated to have mounted to between 60,000,000 and 80,000,000 gal. But this was not the industry's only storm signal. Alcohol (unless made synthetically) comes from molasses. It takes two and seven-tenths gallons of molasses plus about 10ยข...
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